# EDGAR Filing Document

**Accession Number:** 0001087961
**File Stem:** 0001752724-23-015220
**Filing Date:** 2023-1
**Character Count:** 69721
**Document Hash:** e36d0d66b81cafc48a7d1c786ff6410d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015220.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-015220

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING MASTER TRUST
- **CENTRAL INDEX KEY:** 0001087961
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09689
- **FILM NUMBER:** 23558274

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO MASTER TRUST
- **DATE OF NAME CHANGE:** 20021209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO CORE TRUST
- **DATE OF NAME CHANGE:** 19990604

## Series and Classes Contracts Data

### Allspring Emerging Markets Bond Portfolio (Series ID: S000057912)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000188022 | Emerging Markets Bond Portfolio |  |

## Nport-Ex

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | **Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Yankee corporate bonds and notes: 24.23%** |  |  |  |  |
| &nbsp;&nbsp;**Azerbaijan: 1.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Oil Co. of the Azerbaijan Republic (Energy, Oil, gas & consumable fuels) | 6.95% | &nbsp;&nbsp;&nbsp;&nbsp;3-18-2030 | $&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;**$202362** |
| &nbsp;&nbsp;**Chile: 1.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Codelco Incorporated (Materials, Metals & mining) | 4.25 | &nbsp;&nbsp;&nbsp;&nbsp;7-17-2042 | &nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp; **207978** |
| &nbsp;&nbsp;**China: 5.81%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sinopec Group Overseas Development (2015) Limited (Energy, Oil, gas & consumable fuels) | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;4-28-2025 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 191871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Grid Overseas Investment (2014) Limited (Utilities, Electric utilities) | 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-7-2024 | &nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp; 395555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Grid Overseas Investment (2016) Limited (Utilities, Electric utilities) | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;5-18-2026 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 189524 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **776950** |
| &nbsp;&nbsp;**Indonesia: 2.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PT Pertamina Persero Tbk (Energy, Oil, gas & consumable fuels) | 5.63 | &nbsp;&nbsp;&nbsp;&nbsp;5-20-2043 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 187845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PT Perusahaan Listrik Negara Tbk (Utilities, Electric utilities) | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;6-30-2050 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 140016 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **327861** |
| &nbsp;&nbsp;**Kazakhstan: 1.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KazMunayGas National Company JSC (Energy, Oil, gas & consumable fuels) | 5.75 | &nbsp;&nbsp;&nbsp;&nbsp;4-19-2047 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; **150740** |
| &nbsp;&nbsp;**Malaysia: 3.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petronas Capital Limited Bhd (Energy, Oil, gas & consumable fuels) | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;4-21-2030 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 183622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petronas Capital Limited Bhd (Energy, Oil, gas & consumable fuels) | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;3-18-2045 | &nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 274107 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **457729** |
| &nbsp;&nbsp;**Mexico: 1.64%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleos Mexicanos Company (Energy, Oil, gas & consumable fuels) | 6.35 | &nbsp;&nbsp;&nbsp;&nbsp;2-12-2048 | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 18249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleos Mexicanos Company (Energy, Oil, gas & consumable fuels) | 6.38 | &nbsp;&nbsp;&nbsp;&nbsp;1-23-2045 | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 18405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleos Mexicanos Company (Energy, Oil, gas & consumable fuels) | 6.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-2-2041 | &nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp; 19200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleos Mexicanos Company (Energy, Oil, gas & consumable fuels) | 6.75 | &nbsp;&nbsp;&nbsp;&nbsp;9-21-2047 | &nbsp;&nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleos Mexicanos Company (Energy, Oil, gas & consumable fuels) | 6.95 | &nbsp;&nbsp;&nbsp;&nbsp;1-28-2060 | &nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleos Mexicanos Company (Energy, Oil, gas & consumable fuels) | 7.69 | &nbsp;&nbsp;&nbsp;&nbsp;1-23-2050 | &nbsp;&nbsp;&nbsp;&nbsp;90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61934 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**219583** |
| &nbsp;&nbsp;**Peru: 1.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petroleos del Peru - Petroperu SA (Energy, Oil, gas & consumable fuels) | 4.75 | &nbsp;&nbsp;&nbsp;&nbsp;6-19-2032 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**157200** |
| &nbsp;&nbsp;**Saudi Arabia: 1.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KSA Sukuk Limited (Financials, Diversified financial services) | 2.97 | &nbsp;&nbsp;10-29-2029 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**180806** |

---

See accompanying notes to portfolio of investments

------

Allspring Emerging Markets Bond Portfolio \| 1

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | **Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**South Africa: 1.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eskom Holdings SOC Limited (Utilities, Electric utilities) | 6.35% | &nbsp;&nbsp;&nbsp;&nbsp;8-10-2028 | $&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;**$187250** |
| &nbsp;&nbsp;**United Arab Emirates: 2.79%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abu Dhabi Crude Oil Pipeline LLC (Energy, Oil, gas & consumable fuels) | 4.60 | &nbsp;&nbsp;&nbsp;&nbsp;11-2-2047 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 179000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mamoura Diversified Global Holding GMTN BV (Financials, Diversified financial services) | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;4-19-2024 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 194246 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **373246** |
| &nbsp;&nbsp;**Total Yankee corporate bonds and notes (Cost $3,724,488)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **3241705** |
| &nbsp;&nbsp;**Yankee government bonds: 73.82%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abu Dhabi Government | 3.88 | &nbsp;&nbsp;&nbsp;&nbsp;4-16-2050 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 166756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arab Republic of Egypt | 5.88 | &nbsp;&nbsp;&nbsp;&nbsp;6-11-2025 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 184022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arab Republic of Egypt | 8.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2049 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 135348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dominican Republic | 5.88 | &nbsp;&nbsp;&nbsp;&nbsp;1-30-2060 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 148250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dominican Republic | 5.95 | &nbsp;&nbsp;&nbsp;&nbsp;1-25-2027 | &nbsp;&nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp; 340065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federative Republic of Brazil | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;5-30-2029 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 185376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federative Republic of Brazil | 4.63 | &nbsp;&nbsp;&nbsp;&nbsp;1-13-2028 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 191423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federative Republic of Brazil | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;1-27-2045 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 154582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Islamic Republic of Pakistan | 8.25 | &nbsp;&nbsp;&nbsp;&nbsp;9-30-2025 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 91556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingdom of Bahrain | 6.75 | &nbsp;&nbsp;&nbsp;&nbsp;9-20-2029 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 198154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingdom of Bahrain | 7.00 | &nbsp;&nbsp;10-12-2028 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 199980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lebanese Republic † | 6.60 | &nbsp;&nbsp;11-27-2026 | &nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp; 14450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lebanese Republic | 6.65 | &nbsp;&nbsp;&nbsp;&nbsp;2-26-2030 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 2884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lebanese Republic † | 7.05 | &nbsp;&nbsp;&nbsp;&nbsp;11-2-2035 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 11560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oman Government | 4.75 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2026 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 192159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oman Government | 6.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-8-2047 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 178212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oriental Republic of Uruguay | 4.98 | &nbsp;&nbsp;&nbsp;&nbsp;4-20-2055 | &nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oriental Republic of Uruguay | 5.10 | &nbsp;&nbsp;&nbsp;&nbsp;6-18-2050 | &nbsp;&nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perusahaan Penerbit SBSN Indonesia III | 4.45 | &nbsp;&nbsp;&nbsp;&nbsp;2-20-2029 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qatar Government | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;3-14-2029 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qatar Government | 4.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-2-2046 | &nbsp;&nbsp;&nbsp;450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Angola | 8.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-9-2028 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Argentina øø | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-9-2030 | &nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Argentina øø | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-9-2035 | &nbsp;&nbsp;&nbsp;275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Argentina øø | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-9-2041 | &nbsp;&nbsp;&nbsp;145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Argentina øø | 3.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-9-2038 | &nbsp;&nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Chile | 3.13 | &nbsp;&nbsp;&nbsp;&nbsp;1-21-2026 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Colombia | 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2051 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Colombia | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;1-28-2026 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Colombia | 7.38 | &nbsp;&nbsp;&nbsp;&nbsp;9-18-2037 | &nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Ecuador øø | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-31-2035 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Eduador øø | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-31-2040 | &nbsp;&nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of El Salvador | 7.65 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2035 | &nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Ghana | 6.38 | &nbsp;&nbsp;&nbsp;&nbsp;2-11-2027 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Ghana | 8.13 | &nbsp;&nbsp;&nbsp;&nbsp;1-18-2026 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Guatemala | 4.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-5-2027 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Hungary | 5.38 | &nbsp;&nbsp;&nbsp;&nbsp;3-25-2024 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Hungary | 7.63 | &nbsp;&nbsp;&nbsp;&nbsp;3-29-2041 | &nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Indonesia | 5.13 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2045 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Jamaica | 8.00 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2039 | &nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Kazakhstan | 6.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-21-2045 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Kenya | 6.88 | &nbsp;&nbsp;&nbsp;&nbsp;6-24-2024 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Nigeria | 7.63 | &nbsp;&nbsp;11-21-2025 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183776 |

---

See accompanying notes to portfolio of investments

------

2 \| Allspring Emerging Markets Bond Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | **Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Yankee government bonds: 73.82% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Nigeria |  | 7.63% | &nbsp;&nbsp;11-28-2047 | $&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;$132742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Panama |  | 3.87 | &nbsp;&nbsp;&nbsp;&nbsp;7-23-2060 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 132730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Panama |  | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2047 | &nbsp;&nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp; 272952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Paraguay |  | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2026 | &nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 74625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Peru |  | 2.78 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2060 | &nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 11869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Peru |  | 3.55 | &nbsp;&nbsp;&nbsp;&nbsp;3-10-2051 | &nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 29032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Peru |  | 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;8-25-2027 | &nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp; 96859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Peru |  | 5.63 | &nbsp;&nbsp;11-18-2050 | &nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp; 99522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Philippines |  | 2.65 | &nbsp;&nbsp;12-10-2045 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 136663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Philippines |  | 3.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-2-2042 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 162358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Philippines |  | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;3-30-2026 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 204647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Poland |  | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;1-22-2024 | &nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 39500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of South Africa |  | 6.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-8-2041 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 174000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Sri Lanka |  | 6.35 | &nbsp;&nbsp;&nbsp;&nbsp;6-28-2024 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 61322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Turkey |  | 4.88 | &nbsp;&nbsp;&nbsp;&nbsp;10-9-2026 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 178074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Turkey |  | 5.60 | &nbsp;&nbsp;11-14-2024 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 195000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Turkey |  | 6.63 | &nbsp;&nbsp;&nbsp;&nbsp;2-17-2045 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 152500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Turkey |  | 7.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-5-2025 | &nbsp;&nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp; 180824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Venezuela † |  | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;12-9-2020 | &nbsp;&nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp; 14489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic of Venezuela † |  | 7.00 | &nbsp;&nbsp;&nbsp;&nbsp;3-31-2038 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 15877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Romania Government |  | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;2-14-2051 | &nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp; 99680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Romania Government |  | 4.88 | &nbsp;&nbsp;&nbsp;&nbsp;1-22-2024 | &nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp; 59733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Romania Government |  | 5.13 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2048 | &nbsp;&nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 111616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saudi Government |  | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-4-2028 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saudi Government |  | 4.50 | &nbsp;&nbsp;10-26-2046 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trinidad & Tobago Government |  | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-4-2026 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States |  | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;4-16-2030 | &nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States |  | 4.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-8-2044 | &nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States |  | 5.55 | &nbsp;&nbsp;&nbsp;&nbsp;1-21-2045 | &nbsp;&nbsp;&nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States |  | 6.05 | &nbsp;&nbsp;&nbsp;&nbsp;1-11-2040 | &nbsp;&nbsp;&nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Mexican States |  | 6.75 | &nbsp;&nbsp;&nbsp;&nbsp;9-27-2034 | &nbsp;&nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138082 |
| &nbsp;&nbsp;**Total Yankee government bonds (Cost $12,438,443)** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9878309** |
| &nbsp;&nbsp;**Total investments in securities (Cost $16,162,931)** | &nbsp;&nbsp;98.05% |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;13120014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets and liabilities, net | &nbsp;&nbsp;&nbsp;&nbsp;1.95 |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260438 |
| &nbsp;&nbsp;**Total net assets** | **100.00%** |  |  |  | &nbsp;&nbsp;**$13380452** |

---

† Non-income-earning security <br> øø The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end.

See accompanying notes to portfolio of investments

------

Allspring Emerging Markets Bond Portfolio \| 3

------

Portfolio of investments—November 30, 2022 (unaudited)

------

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value,<br> beginning of<br> period** | **Purchases** | **Sales<br> proceeds** | **Net<br> realized<br> gains<br> (losses)** | **Net<br> change in<br> unrealized<br> gains<br> (losses)** | **Value,<br> end of<br> period** | **Shares,<br> end<br> of period** | **Income<br> from<br> affiliated<br> securities** |
| &nbsp;&nbsp;**Investments in affiliates no longer held<br> at end of period** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Government Money Market Fund Select Class | $783628 | $14839701 | $(15623329) | $0 | $0 | $0 | 0 | $6164 |

---

See accompanying notes to portfolio of investments

------

4 \| Allspring Emerging Markets Bond Portfolio

------

Notes to portfolio of investments—November 30, 2022 (unaudited)

------

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 Portfolio 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.

Foreign currency translation

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

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 Portfolio'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 Portfolio'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 Portfolio'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.

------

Allspring Emerging Markets Bond Portfolio \| 5

------

Notes to portfolio of investments—November 30, 2022 (unaudited)

------

The following is a summary of the inputs used in valuing the Portfolio's assets and liabilities as of November 30, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;Quoted prices<br> (Level 1) | &nbsp;&nbsp;&nbsp;&nbsp;Other significant<br> observable inputs<br> (Level 2) | &nbsp;&nbsp;&nbsp;&nbsp;Significant<br> unobservable inputs<br> (Level 3) | &nbsp;&nbsp;&nbsp;&nbsp;Total |
| &nbsp;&nbsp;&nbsp;&nbsp;**<u>Assets</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Investments in:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Yankee corporate bonds and notes** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$3241705 | &nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$3241705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Yankee government bonds** | &nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9878309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9878309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | &nbsp;&nbsp;**$0** | &nbsp;&nbsp;&nbsp;&nbsp;**$13120014** | &nbsp;&nbsp;&nbsp;&nbsp;**$0** | &nbsp;&nbsp;&nbsp;&nbsp;**$13120014** |

---

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

For the nine months ended November 30, 2022, the Portfolio did not have any transfers into/out of Level 3.

------

6 \| Allspring Emerging Markets Bond Portfolio

## 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 MASTER TRUST

- **b. Investment Company Act file number:** 811-09689

- **c. CIK number of Registrant:** 0001087961

- **d. LEI of Registrant:** 549300RK07I40T8DF120

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

  - **Street Address 1:** 525 MARKET STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-222-8222

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

- **a. Name of Series:** Allspring Emerging Markets Bond Portfolio

- **b. EDGAR series identifier (if any):** S000057912

- **c. LEI of Series:** 549300MZYH5H4KTRRR25

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $13598757.25

**Total Liabilities:** $221878.89

**Net Assets:** $13376878.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7.38000000 | **1-Year:** -359.14000000 | **5-Year:** -1041.02000000 | **10-Year:** -2592.52000000 | **30-Year:** -2591.80000000

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

- **3-Month:** -9.57000000 | **1-Year:** -418.81000000 | **5-Year:** -1214.37000000 | **10-Year:** -1334.24000000 | **30-Year:** -778.70000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000188022 | -7.12%               | 0.06%                | 7.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-135671.85              | $-880232.82                                |
| Month 2  | $-0.24                   | $-56984.75                                 |
| Month 3  | $0.00                    | $892871.09                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| REPUBLIC OF COLOMBIA            | Colombia Government International Bond                    | CUSIP: 195325DT9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $116003.57    | 0.87%             | 2051-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD            | Petronas Capital Ltd                                      | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $183621.97    | 1.37%             | 2030-04-21      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of Poland              | Republic of Poland Government International Bond          | CUSIP: 857524AC6<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     40000 | PA      | $39500.32     | 0.30%             | 2024-01-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                | Peruvian Government International Bond                    | CUSIP: 715638BU5<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    100000 | PA      | $96858.53     | 0.72%             | 2027-08-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HUNGARY                         | Hungary Government International Bond                     | CUSIP: 445545AF3<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     80000 | PA      | $87043.04     | 0.65%             | 2041-03-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia            | Colombia Government International Bond                    | CUSIP: 195325BK0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    150000 | PA      | $138000.00    | 1.03%             | 2037-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA           | Argentine Republic Government International Bond          | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    215000 | PA      | $64335.56     | 0.48%             | 2038-01-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria | Nigeria Government International Bond                     | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $132742.40    | 0.99%             | 2047-11-28      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| SINOPEC GRP OVERSEA 2015        | Sinopec Group Overseas Development 2015 Ltd               | CUSIP: 000000000<br>LEI: 5299002Z28NLP3WPFH36 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $191870.75    | 1.43%             | 2025-04-28      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Republic of Guatemala           | Guatemala Government Bond                                 | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $189048.04    | 1.41%             | 2027-06-05      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Lebanese Republic               | Lebanon Government International Bond                     | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     50000 | PA      | $2884.00      | 0.02%             | 2030-02-26      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| STATE GRID OVERSEAS INV         | State Grid Overseas Investment BVI Ltd                    | CUSIP: 000000000<br>LEI: 3003006V8BHG5158QO96 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $189524.00    | 1.42%             | 2026-05-18      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)          | Pertamina Persero PT                                      | CUSIP: 000000000<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $187845.11    | 1.40%             | 2043-05-20      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS             | Petroleos Mexicanos                                       | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     90000 | PA      | $61934.34     | 0.46%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| United Mexican States           | Mexico Government International Bond                      | CUSIP: 91086QAV0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     20000 | PA      | $20060.00     | 0.15%             | 2040-01-11      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND        | Saudi Government International Bond                       | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $190230.40    | 1.42%             | 2028-03-04      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| Republic of Ghana               | Ghana Government International Bond                       | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    200000 | PA      | $86000.00     | 0.64%             | 2026-01-18      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd          | Eskom Holdings SOC Ltd                                    | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $187250.00    | 1.40%             | 2028-08-10      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA           | Venezuela Government International Bond                   | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    225000 | PA      | $14489.01     | 0.11%             | 2020-12-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS             | Petroleos Mexicanos                                       | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     50000 | PA      | $31971.47     | 0.24%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria | Nigeria Government International Bond                     | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $183776.00    | 1.37%             | 2025-11-21      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| PERUSAHAAN PENERBIT SBSN        | Perusahaan Penerbit SBSN Indonesia III                    | CUSIP: 71567RAM8<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $196784.00    | 1.47%             | 2029-02-20      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| United Mexican States           | Mexico Government International Bond                      | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     40000 | PA      | $33586.83     | 0.25%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD               | MDGH GMTN RSC Ltd                                         | CUSIP: 000000000<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $194246.00    | 1.45%             | 2024-04-19      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Peru                | Peruvian Government International Bond                    | CUSIP: 715638BM3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    100000 | PA      | $99522.19     | 0.74%             | 2050-11-18      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic               | Lebanon Government International Bond                     | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    200000 | PA      | $11560.00     | 0.09%             | 2035-11-02      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa        | Republic of South Africa Government International Bond    | CUSIP: 836205AP9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $174000.00    | 1.30%             | 2041-03-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO         | KazMunayGas National Co JSC                               | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    200000 | PA      | $150740.00    | 1.13%             | 2047-04-19      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT          | Egypt Government International Bond                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $184021.60    | 1.38%             | 2025-06-11      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY        | Uruguay Government International Bond                     | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    100000 | PA      | $95869.29     | 0.72%             | 2055-04-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND        | Saudi Government International Bond                       | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $175500.00    | 1.31%             | 2046-10-26      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| United Mexican States           | Mexico Government International Bond                      | CUSIP: 91086QAS7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    130000 | PA      | $138082.17    | 1.03%             | 2034-09-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA               | Ghana Government International Bond                       | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    200000 | PA      | $76311.20     | 0.57%             | 2027-02-11      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES         | Philippine Government International Bond                  | CUSIP: 718286BN6<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $204647.15    | 1.53%             | 2026-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                | Peruvian Government International Bond                    | CUSIP: 715638DT6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     40000 | PA      | $29031.83     | 0.22%             | 2051-03-10      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL          | Brazilian Government International Bond                   | CUSIP: 105756BW9<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $154582.10    | 1.16%             | 2045-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND          | Oman Government International Bond                        | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    200000 | PA      | $192159.20    | 1.44%             | 2026-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA                         | Romanian Government International Bond                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    150000 | PA      | $99680.40     | 0.75%             | 2051-02-14      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY        | Uruguay Government International Bond                     | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    225000 | PA      | $221446.85    | 1.66%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Petronas Capital Ltd            | Petronas Capital Ltd                                      | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    300000 | PA      | $274107.00    | 2.05%             | 2045-03-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Government of Jamaica           | Jamaica Government International Bond                     | CUSIP: 470160AV4<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    100000 | PA      | $113910.93    | 0.85%             | 2039-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR        | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | CUSIP: 71568QAP2<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $140016.13    | 1.05%             | 2050-06-30      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Panama              | Panama Government International Bond                      | CUSIP: 698299BG8<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    350000 | PA      | $272952.42    | 2.04%             | 2047-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey              | Turkey Government International Bond                      | CUSIP: 900123AW0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    180000 | PA      | $180824.40    | 1.35%             | 2025-02-05      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Republic of Chile               | Chile Government International Bond                       | CUSIP: 168863CA4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $190063.40    | 1.42%             | 2026-01-21      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic               | Lebanon Government International Bond                     | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    250000 | PA      | $14449.70     | 0.11%             | 2026-11-27      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Angola              | Angolan Government International Bond                     | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    200000 | PA      | $185316.00    | 1.39%             | 2028-05-09      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA           | Venezuela Government International Bond                   | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    200000 | PA      | $15876.84     | 0.12%             | 2038-03-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| HUNGARY                         | Hungary Government International Bond                     | CUSIP: 445545AL0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $199887.60    | 1.49%             | 2024-03-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Republic of Paraguay            | Paraguay Government International Bond                    | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     75000 | PA      | $74625.00     | 0.56%             | 2026-04-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC              | Dominican Republic International Bond                     | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    350000 | PA      | $340065.43    | 2.54%             | 2027-01-25      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos             | Petroleos Mexicanos                                       | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     30000 | PA      | $18249.30     | 0.14%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR             | Ecuador Government International Bond                     | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    200000 | PA      | $87679.86     | 0.66%             | 2035-07-31      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND          | Oman Government International Bond                        | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    400000 | PA      | $356424.00    | 2.66%             | 2047-03-08      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR             | Ecuador Government International Bond                     | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    225000 | PA      | $89943.17     | 0.67%             | 2040-07-31      | Variable      | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Kingdom of Bahrain              | Bahrain Government International Bond                     | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $198154.00    | 1.48%             | 2029-09-20      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC              | Dominican Republic International Bond                     | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    200000 | PA      | $148250.00    | 1.11%             | 2060-01-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA           | Sri Lanka Government International Bond                   | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $61321.87     | 0.46%             | 2024-06-28      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI CRUDE OIL             | Abu Dhabi Crude Oil Pipeline LLC                          | CUSIP: 000000000<br>LEI: 549300DONDFW2383FV66 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $179000.00    | 1.34%             | 2047-11-02      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA           | Argentine Republic Government International Bond          | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    275000 | PA      | $64284.59     | 0.48%             | 2035-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR             | Ecuador Government International Bond                     | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    100000 | PA      | $60784.66     | 0.45%             | 2030-07-31      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA           | Argentine Republic Government International Bond          | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    100000 | PA      | $25647.32     | 0.19%             | 2030-07-09      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                | Peruvian Government International Bond                    | CUSIP: 715638DQ2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     20000 | PA      | $11869.12     | 0.09%             | 2060-12-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES         | Philippine Government International Bond                  | CUSIP: 718286CB1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $162358.47    | 1.21%             | 2042-02-02      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt          | Egypt Government International Bond                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $135348.00    | 1.01%             | 2049-03-01      | Fixed         | 8.70%                 | Yes           |                  2 | On Loan: No      |
| UNITED MEXICAN STATES           | Mexico Government International Bond                      | CUSIP: 91087BAH3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $177664.72    | 1.33%             | 2030-04-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA                         | Romanian Government International Bond                    | CUSIP: 77586TAD8<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     60000 | PA      | $59732.58     | 0.45%             | 2024-01-22      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA           | Argentine Republic Government International Bond          | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    145000 | PA      | $39306.04     | 0.29%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA               | Republic of Kenya Government International Bond           | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    200000 | PA      | $186001.20    | 1.39%             | 2024-06-24      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN         | Pakistan Government International Bond                    | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    200000 | PA      | $91556.00     | 0.68%             | 2025-09-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| United Mexican States           | Mexico Government International Bond                      | CUSIP: 91086QBE7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     20000 | PA      | $18653.62     | 0.14%             | 2045-01-21      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES         | Philippine Government International Bond                  | CUSIP: 718286CL9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $136662.67    | 1.02%             | 2045-12-10      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey              | Turkey Government International Bond                      | CUSIP: 900123CG3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $152500.00    | 1.14%             | 2045-02-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Republic of Kazakhstan          | Kazakhstan Government International Bond                  | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    200000 | PA      | $207419.20    | 1.55%             | 2045-07-21      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Kingdom of Bahrain              | Bahrain Government International Bond                     | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $199979.60    | 1.49%             | 2028-10-12      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L            | Abu Dhabi Government International Bond                   | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $166756.00    | 1.25%             | 2050-04-16      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL          | Brazilian Government International Bond                   | CUSIP: 105756CA6<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $185375.78    | 1.39%             | 2029-05-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KSA SUKUK LTD                   | KSA Sukuk Ltd                                             | CUSIP: 000000000<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |    200000 | PA      | $180805.60    | 1.35%             | 2029-10-29      | Fixed         | 2.97%                 | Yes           |                  2 | On Loan: No      |
| CODELCO INC                     | Corp Nacional del Cobre de Chile                          | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    250000 | PA      | $207977.50    | 1.55%             | 2042-07-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Petroleos del Peru SA           | Petroleos del Peru SA                                     | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $157200.00    | 1.18%             | 2032-06-19      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA                         | Romanian Government International Bond                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    140000 | PA      | $111616.40    | 0.83%             | 2048-06-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| STATE OF QATAR                  | Qatar Government International Bond                       | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    450000 | PA      | $423675.00    | 3.17%             | 2046-06-02      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| STATE OIL CO OF THE AZER        | State Oil Co of the Azerbaijan Republic                   | CUSIP: 000000000<br>LEI: 2549002HARR1VE257O76 | Long             | DBT              | CORP              | AZ        |    200000 | PA      | $202361.60    | 1.51%             | 2030-03-18      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos             | Petroleos Mexicanos                                       | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    110000 | PA      | $69823.86     | 0.52%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA              | Panama Government International Bond                      | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $132730.12    | 0.99%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos             | Petroleos Mexicanos                                       | CUSIP: 71654QAZ5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     30000 | PA      | $19200.00     | 0.14%             | 2041-06-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL          | Brazilian Government International Bond                   | CUSIP: 105756BZ2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $191423.10    | 1.43%             | 2028-01-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO               | Trinidad & Tobago Government International Bond           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |    200000 | PA      | $195448.67    | 1.46%             | 2026-08-04      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| State of Qatar                  | Qatar Government International Bond                       | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    200000 | PA      | $195916.00    | 1.46%             | 2029-03-14      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Colombia            | Colombia Government International Bond                    | CUSIP: 195325CX1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $185454.89    | 1.39%             | 2026-01-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey              | Turkey Government International Bond                      | CUSIP: 900123CK4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $178073.60    | 1.33%             | 2026-10-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY              | Turkey Government International Bond                      | CUSIP: 900123CW8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $195000.00    | 1.46%             | 2024-11-14      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador         | El Salvador Government International Bond                 | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    150000 | PA      | $56625.00     | 0.42%             | 2035-06-15      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| STATE GRID OVERSEAS INV         | State Grid Overseas Investment 2014 Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    400000 | PA      | $395555.46    | 2.96%             | 2024-05-07      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Republic of Indonesia           | Indonesia Government International Bond                   | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $191943.14    | 1.43%             | 2045-01-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos             | Petroleos Mexicanos                                       | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     30000 | PA      | $18405.00     | 0.14%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** ALLSPRING MASTER TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer