# EDGAR Filing Document

**Accession Number:** 0001087961
**File Stem:** 0001752724-23-015188
**Filing Date:** 2023-1
**Character Count:** 223591
**Document Hash:** de5ac99747019b73455b5b2818d18eab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015188.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-015188

**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:** 23558237

**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 Investment Grade Corporate Bond Portfolio (Series ID: S000057911)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000188021 | Investment Grade Corporate Bond Portfolio |  |

## Nport-Ex

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Corporate bonds and notes: 81.74%** |  |  |  |  |
| &nbsp;&nbsp;**Communication services: 5.92%** |  |  |  |  |
| &nbsp;&nbsp;**Diversified telecommunication services: 1.54%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AT&T Incorporated | 3.50% | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2053 | &nbsp;&nbsp;$200000 | &nbsp;&nbsp;$141224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AT&T Incorporated | 3.65 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2059 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 121554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AT&T Incorporated | 3.80 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2057 | &nbsp;&nbsp;235000 | &nbsp;&nbsp;&nbsp;&nbsp; 170602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications | 3.00 | &nbsp;&nbsp;11-20-2060 | &nbsp;&nbsp;370000 | &nbsp;&nbsp;&nbsp;&nbsp; 228209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications | 3.15 | &nbsp;&nbsp;&nbsp;&nbsp;3-22-2030 | &nbsp;&nbsp;680000 | &nbsp;&nbsp;&nbsp;&nbsp; 603547 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1265136** |
| &nbsp;&nbsp;**Entertainment: 0.90%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Walt Disney Company | 2.65 | &nbsp;&nbsp;&nbsp;&nbsp;1-13-2031 | &nbsp;&nbsp;855000 | &nbsp;&nbsp;&nbsp;&nbsp; **735666** |
| &nbsp;&nbsp;**Interactive media & services: 0.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Incorporated | 2.25 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2060 | &nbsp;&nbsp;385000 | &nbsp;&nbsp;&nbsp;&nbsp; 232989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms Inc 144A | 4.45 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2052 | &nbsp;&nbsp;495000 | &nbsp;&nbsp;&nbsp;&nbsp; 406756 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **639745** |
| &nbsp;&nbsp;**Media: 1.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CBS Corporation | 4.85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2042 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 105558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charter Communications Operating LLC | 3.85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2061 | &nbsp;&nbsp;165000 | &nbsp;&nbsp;&nbsp;&nbsp; 101721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comcast Corporation | 2.35 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2027 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; 192569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comcast Corporation | 2.94 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2056 | &nbsp;&nbsp;485000 | &nbsp;&nbsp;&nbsp;&nbsp; 314374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comcast Corporation | 2.99 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2063 | &nbsp;&nbsp;285000 | &nbsp;&nbsp;&nbsp;&nbsp; 180302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discovery Communications LLC | 3.95 | &nbsp;&nbsp;&nbsp;&nbsp;3-20-2028 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp; 359226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discovery Communications LLC | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2055 | &nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time Warner Cable LLC | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2042 | &nbsp;&nbsp;270000 | &nbsp;&nbsp;&nbsp;&nbsp; 202681 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1457072** |
| &nbsp;&nbsp;**Wireless telecommunication services: 0.92%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T-Mobile USA Incorporated | 3.60 | &nbsp;&nbsp;11-15-2060 | &nbsp;&nbsp;295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T-Mobile USA Incorporated | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2027 | &nbsp;&nbsp;580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549409 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**753878** |
| &nbsp;&nbsp;**Consumer discretionary: 4.72%** |  |  |  |  |
| &nbsp;&nbsp;**Automobiles: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Motors Company | 6.25 | &nbsp;&nbsp;&nbsp;&nbsp;10-2-2043 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**168602** |
| &nbsp;&nbsp;**Diversified consumer services: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Foundation | 2.82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2070 | &nbsp;&nbsp;260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**153554** |
| &nbsp;&nbsp;**Hotels, restaurants & leisure: 1.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLP Capital LP | 5.30 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2029 | &nbsp;&nbsp;120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marriott International Incorporated | 4.63 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2030 | &nbsp;&nbsp;410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starbucks Corporation | 4.00 | &nbsp;&nbsp;11-15-2028 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481498 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**979336** |
| &nbsp;&nbsp;**Household durables: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whirlpool Corporation | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2024 | &nbsp;&nbsp;87000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**85841** |
| &nbsp;&nbsp;**Internet & direct marketing retail: 1.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com Incorporated | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp;5-12-2026 | &nbsp;&nbsp;740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659613 |

---

See accompanying notes to portfolio of investments

------

Allspring Investment Grade Corporate Bond Portfolio \| 1

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Internet & direct marketing retail (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com Incorporated | 3.95% | &nbsp;&nbsp;&nbsp;&nbsp;4-13-2052 | &nbsp;&nbsp;$280000 | &nbsp;&nbsp;$239242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;eBay Incorporated | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2042 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 140645 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1039500** |
| &nbsp;&nbsp;**Multiline retail: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Target Corporation | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2046 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp; **200102** |
| &nbsp;&nbsp;**Specialty retail: 1.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home Depot Inc | 4.88 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2044 | &nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp; 218309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's Companies Incorporated | 4.45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2062 | &nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp; 105082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's Companies Incorporated | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2030 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 291886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TJX Companies Incorporated | 3.88 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2030 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp; 566572 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1181849** |
| &nbsp;&nbsp;**Textiles, apparel & luxury goods: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nike Incorporated | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2043 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; **59388** |
| &nbsp;&nbsp;**Consumer staples: 6.25%** |  |  |  |  |
| &nbsp;&nbsp;**Beverages: 2.92%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anheuser-Busch InBev Finance Company | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;1-17-2043 | &nbsp;&nbsp;230000 | &nbsp;&nbsp;&nbsp;&nbsp; 197367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anheuser-Busch InBev Worldwide Incorporated | 4.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2060 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp; 94548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anheuser-Busch InBev Worldwide Incorporated | 4.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2046 | &nbsp;&nbsp;295000 | &nbsp;&nbsp;&nbsp;&nbsp; 275968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anheuser-Busch InBev Worldwide Incorporated | 5.80 | &nbsp;&nbsp;&nbsp;&nbsp;1-23-2059 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 79495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca Cola Company | 2.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2060 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp; 190220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Brands Incorporated | 3.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2029 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 265929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keurig Dr Pepper Incorporated | 4.60 | &nbsp;&nbsp;&nbsp;&nbsp;5-25-2028 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp; 695264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Molson Coors Beverage | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2026 | &nbsp;&nbsp;635000 | &nbsp;&nbsp;&nbsp;&nbsp; 595604 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2394395** |
| &nbsp;&nbsp;**Food & staples retailing: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Kroger Company | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2042 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**161180** |
| &nbsp;&nbsp;**Food products: 1.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kraft Heinz Food Company | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2050 | &nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mead Johnson Nutrition Company | 5.90 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2039 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mondelez International | 2.75 | &nbsp;&nbsp;&nbsp;&nbsp;4-13-2030 | &nbsp;&nbsp;440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pilgrim S Pride Corp 144A | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2032 | &nbsp;&nbsp;370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyson Foods Incorporated | 4.35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2029 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290239 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1222959** |
| &nbsp;&nbsp;**Household products: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kimberly-Clark Corporation | 6.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2037 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**161638** |
| &nbsp;&nbsp;**Personal products: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Estee Lauder Companies Incorporated | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2037 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**151465** |
| &nbsp;&nbsp;**Tobacco: 1.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altria Group Incorporated | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-4-2061 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altria Group Incorporated | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-2-2043 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BAT Capital Corporation | 4.54 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2047 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International Incorporated | 3.25 | &nbsp;&nbsp;11-10-2024 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International Incorporated | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;3-20-2042 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reynolds American Incorporated | 4.45 | &nbsp;&nbsp;&nbsp;&nbsp;6-12-2025 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343701 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1029256** |

---

See accompanying notes to portfolio of investments

------

2 \| Allspring Investment Grade Corporate Bond Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Energy: 6.21%** |  |  |  |  |
| &nbsp;&nbsp;**Energy equipment & services: 0.94%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baker Hughes LLC | 3.34% | &nbsp;&nbsp;12-15-2027 | &nbsp;&nbsp;$670000 | &nbsp;&nbsp;$625651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halliburton Company | 4.50 | &nbsp;&nbsp;11-15-2041 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 148243 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **773894** |
| &nbsp;&nbsp;**Oil, gas & consumable fuels: 5.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BP Capital Markets America Incorporated | 3.94 | &nbsp;&nbsp;&nbsp;&nbsp;9-21-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 192397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips Company | 5.90 | &nbsp;&nbsp;10-15-2032 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 190249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Edison Company of New York Incorporated | 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2049 | &nbsp;&nbsp;370000 | &nbsp;&nbsp;&nbsp;&nbsp; 301065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enbridge Energy Partners LP | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2040 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 133163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer Partners LP | 5.95 | &nbsp;&nbsp;&nbsp;&nbsp;10-1-2043 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 129340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enterprise Products Operating LLC | 5.70 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2042 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 137385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enterprise Products Operating LLC | 5.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2041 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 201924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil Corporation | 2.71 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-6-2025 | &nbsp;&nbsp;345000 | &nbsp;&nbsp;&nbsp;&nbsp; 331644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan Energy Partners LP | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2042 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 153430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan Energy Partners LP | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2044 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; 194723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan Energy Partners LP | 5.80 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2035 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 69028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marathon Petroleum Corporation | 3.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2028 | &nbsp;&nbsp;385000 | &nbsp;&nbsp;&nbsp;&nbsp; 357442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONEOK Incorporated | 4.55 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2028 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 475254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phillips 66 | 4.65 | &nbsp;&nbsp;11-15-2034 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 132591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plains All American Pipeline LP | 3.60 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2024 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; 202576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabine Pass Liquefaction LLC | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2027 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp; 394835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spectra Energy Partners LP | 3.38 | &nbsp;&nbsp;10-15-2026 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 280843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunoco Logistics Partner LP | 5.35 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2045 | &nbsp;&nbsp;185000 | &nbsp;&nbsp;&nbsp;&nbsp; 159140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams Partners LP | 6.30 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2040 | &nbsp;&nbsp;273000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282967 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4319996** |
| &nbsp;&nbsp;**Financials: 21.27%** |  |  |  |  |
| &nbsp;&nbsp;**Banks: 6.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corporation (U.S. SOFR +1.37%) ± | 1.92 | &nbsp;&nbsp;10-24-2031 | &nbsp;&nbsp;630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corporation (U.S. SOFR +1.56%) ± | 2.97 | &nbsp;&nbsp;&nbsp;&nbsp;7-21-2052 | &nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corporation (3 Month LIBOR +3.15%) ± | 4.08 | &nbsp;&nbsp;&nbsp;&nbsp;3-20-2051 | &nbsp;&nbsp;380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Incorporated (U.S. SOFR +0.69%) ± | 2.01 | &nbsp;&nbsp;&nbsp;&nbsp;1-25-2026 | &nbsp;&nbsp;375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Incorporated (U.S. SOFR +1.17%) ± | 2.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2032 | &nbsp;&nbsp;295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup Incorporated (3 Month LIBOR +1.39%) ± | 3.67 | &nbsp;&nbsp;&nbsp;&nbsp;7-24-2028 | &nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizens Financial Group (5 Year Treasury Constant Maturity +2.50%) ± | 4.30 | &nbsp;&nbsp;&nbsp;&nbsp;2-11-2031 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compass Bank | 3.88 | &nbsp;&nbsp;&nbsp;&nbsp;4-10-2025 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Bank | 1.69 | &nbsp;&nbsp;&nbsp;&nbsp;3-19-2026 | &nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discover Bank | 4.25 | &nbsp;&nbsp;&nbsp;&nbsp;3-13-2026 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 2.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2027 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 3.95 | &nbsp;&nbsp;&nbsp;&nbsp;3-14-2028 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Company (U.S. SOFR 3 Month +1.59%) ± | 2.01 | &nbsp;&nbsp;&nbsp;&nbsp;3-13-2026 | &nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Company (U.S. SOFR +0.92%) ± | 2.60 | &nbsp;&nbsp;&nbsp;&nbsp;2-24-2026 | &nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Company (U.S. SOFR +1.32%) ± | 4.08 | &nbsp;&nbsp;&nbsp;&nbsp;4-26-2026 | &nbsp;&nbsp;285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Company (U.S. SOFR +2.58%) ± | 5.72 | &nbsp;&nbsp;&nbsp;&nbsp;9-14-2033 | &nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Key Bank NA | 3.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2025 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Santander Holdings USA Incorporated | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-17-2025 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Truist Bank | 3.30 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2026 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;562484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Bancorp | 2.38 | &nbsp;&nbsp;&nbsp;&nbsp;7-22-2026 | &nbsp;&nbsp;190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Bancorp | 3.60 | &nbsp;&nbsp;&nbsp;&nbsp;9-11-2024 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344252 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5723139** |

---

See accompanying notes to portfolio of investments

------

Allspring Investment Grade Corporate Bond Portfolio \| 3

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Capital markets: 5.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ares Capital Corporation | 3.20% | &nbsp;&nbsp;11-15-2031 | &nbsp;&nbsp;$240000 | &nbsp;&nbsp;$179822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bain Capital Specialty Finance | 2.55 | &nbsp;&nbsp;10-13-2026 | &nbsp;&nbsp;185000 | &nbsp;&nbsp;&nbsp;&nbsp; 153540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of New York Mellon Corporation | 3.00 | &nbsp;&nbsp;10-30-2028 | &nbsp;&nbsp;570000 | &nbsp;&nbsp;&nbsp;&nbsp; 509602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Incorporated | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;4-30-2029 | &nbsp;&nbsp;435000 | &nbsp;&nbsp;&nbsp;&nbsp; 404060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group Incorporated (3 Month LIBOR +1.16%) ± | 3.81 | &nbsp;&nbsp;&nbsp;&nbsp;4-23-2029 | &nbsp;&nbsp;415000 | &nbsp;&nbsp;&nbsp;&nbsp; 381835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group Incorporated (3 Month LIBOR +1.43%) ± | 4.41 | &nbsp;&nbsp;&nbsp;&nbsp;4-23-2039 | &nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp; 109524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group Incorporated | 4.75 | &nbsp;&nbsp;10-21-2045 | &nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp; 326630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;9-21-2028 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 474905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley (U.S. SOFR +1.36%) ± | 2.48 | &nbsp;&nbsp;&nbsp;&nbsp;9-16-2036 | &nbsp;&nbsp;385000 | &nbsp;&nbsp;&nbsp;&nbsp; 286223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | 4.30 | &nbsp;&nbsp;&nbsp;&nbsp;1-27-2045 | &nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp; 249753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northern Trust Corporation | 3.95 | &nbsp;&nbsp;10-30-2025 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 172053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PPL Capital Funding Incorporated | 3.10 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2026 | &nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp; 93403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prospect Capital Corp | 3.71 | &nbsp;&nbsp;&nbsp;&nbsp;1-22-2026 | &nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp; 140436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Charles Schwab Corporation | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2025 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 136791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Charles Schwab Corporation | 4.63 | &nbsp;&nbsp;&nbsp;&nbsp;3-22-2030 | &nbsp;&nbsp;650000 | &nbsp;&nbsp;&nbsp;&nbsp; 643730 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **4262307** |
| &nbsp;&nbsp;**Consumer finance: 2.72%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Express Company (U.S. SOFR +1.76%) ± | 4.42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-3-2033 | &nbsp;&nbsp;470000 | &nbsp;&nbsp;&nbsp;&nbsp; 445335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Honda Finance Corporation | 2.90 | &nbsp;&nbsp;&nbsp;&nbsp;2-16-2024 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 195201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital One Financial Corporation | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;7-28-2026 | &nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;&nbsp; 496603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caterpillar Financial Services Corporation | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2024 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 194417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Motors Financial Company Incorporated | 5.65 | &nbsp;&nbsp;&nbsp;&nbsp;1-17-2029 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 137864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Deere Capital Corporation | 0.45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-7-2024 | &nbsp;&nbsp;810000 | &nbsp;&nbsp;&nbsp;&nbsp; 760815 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2230235** |
| &nbsp;&nbsp;**Diversified financial services: 1.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway Finance Corporation | 5.75 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2040 | &nbsp;&nbsp;240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway Incorporated | 3.13 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2026 | &nbsp;&nbsp;565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone Private Credit Fund | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2027 | &nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;British American Tobacco Capital Corporation | 5.28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-2-2050 | &nbsp;&nbsp;95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Rural Utilities Cooperative Finance Corporation | 4.02 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2032 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128130 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1198566** |
| &nbsp;&nbsp;**Insurance: 3.64%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corporation (3 Month LIBOR +2.12%) ± | 6.50 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2067 | &nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American International Group Incorporated (3 Month LIBOR +2.87%) ± | 5.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2048 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aon Corporation | 6.25 | &nbsp;&nbsp;&nbsp;&nbsp;9-30-2040 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arch Capital Group Limited | 5.14 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2043 | &nbsp;&nbsp;147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chubb Corporation | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;5-11-2037 | &nbsp;&nbsp;196000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loews Corporation | 4.13 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2043 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marsh & McLennan Company Incorporated | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-3-2024 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marsh & McLennan Company Incorporated | 3.88 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2024 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marsh & McLennan Company Incorporated | 4.90 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2049 | &nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MetLife Incorporated | 6.38 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2034 | &nbsp;&nbsp;196000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Group Incorporated | 3.40 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2025 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Progressive Corporation | 6.25 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2032 | &nbsp;&nbsp;252000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Progressive Corporation | 7.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2031 | &nbsp;&nbsp;365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prudential Financial Incorporated (3 Month LIBOR +3.04%) ± | 5.20 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2044 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prudential Financial Incorporated | 5.75 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2033 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transatlantic Holdings Incorporated | 8.00 | &nbsp;&nbsp;11-30-2039 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86184 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2980590** |

---

See accompanying notes to portfolio of investments

------

4 \| Allspring Investment Grade Corporate Bond Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Mortgage REITs: 1.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ventas Realty LP | 3.50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2025 | &nbsp;&nbsp;$400000 | &nbsp;&nbsp;$383782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ventas Realty LP | 4.40 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2029 | &nbsp;&nbsp;485000 | &nbsp;&nbsp;&nbsp;&nbsp; 454083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vici Properties LP | 5.13 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2032 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; 196982 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1034847** |
| &nbsp;&nbsp;**Health care: 8.98%** |  |  |  |  |
| &nbsp;&nbsp;**Biotechnology: 2.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AbbVie Incorporated | 4.85 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2044 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;&nbsp;&nbsp; 444042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMGEN Inc | 4.40 | &nbsp;&nbsp;&nbsp;&nbsp;2-22-2062 | &nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp; 184268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amgen Incorporated | 4.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2053 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 159618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Biogen Incorporated | 2.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2030 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp; 577470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences Incorporated | 3.65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2026 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp; 338834 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1704232** |
| &nbsp;&nbsp;**Health care equipment & supplies: 1.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 6.15 | &nbsp;&nbsp;11-30-2037 | &nbsp;&nbsp;166000 | &nbsp;&nbsp;&nbsp;&nbsp; 188090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boston Scientific Corporation | 1.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2025 | &nbsp;&nbsp;835000 | &nbsp;&nbsp;&nbsp;&nbsp; 779201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catholic Health Initiatives | 4.35 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2042 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 148110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stryker Corporation | 4.63 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2046 | &nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp; 85436 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1200837** |
| &nbsp;&nbsp;**Health care providers & services: 3.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aetna Incorporated | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2042 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp; 90453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AmerisourceBergen Corporation | 4.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2045 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 145170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascension Healthcare Company | 3.95 | &nbsp;&nbsp;11-15-2046 | &nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp; 79278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baptist Health South Florida | 3.12 | &nbsp;&nbsp;11-15-2071 | &nbsp;&nbsp;295000 | &nbsp;&nbsp;&nbsp;&nbsp; 174287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centene Corporation | 2.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-1-2031 | &nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CIGNA Corporation Company | 4.80 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2046 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CVS Health Corporation | 5.05 | &nbsp;&nbsp;&nbsp;&nbsp;3-25-2048 | &nbsp;&nbsp;420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HCA Incorporated 144A | 4.38 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2042 | &nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HCA Incorporated 144A | 4.63 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2052 | &nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quest Diagnostics Incorporated | 2.95 | &nbsp;&nbsp;&nbsp;&nbsp;6-30-2030 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group Incorporated | 4.20 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2047 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group Incorporated | 4.25 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2047 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WellPoint Incorporated | 5.85 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2036 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204564 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2524881** |
| &nbsp;&nbsp;**Pharmaceuticals: 2.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb Company | 3.90 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2062 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly & Company | 2.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2025 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GlaxoSmithKline Capital Incorporated | 5.38 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2034 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 4.38 | &nbsp;&nbsp;&nbsp;&nbsp;12-5-2033 | &nbsp;&nbsp;770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merck & Company Incorporated | 2.75 | &nbsp;&nbsp;&nbsp;&nbsp;2-10-2025 | &nbsp;&nbsp;380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viatris Inc | 2.70 | &nbsp;&nbsp;&nbsp;&nbsp;6-22-2030 | &nbsp;&nbsp;185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zoetis Incorporated | 4.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2043 | &nbsp;&nbsp;240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221758 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1929966** |
| &nbsp;&nbsp;**Industrials: 3.43%** |  |  |  |  |
| &nbsp;&nbsp;**Aerospace & defense: 0.91%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lockheed Martin Corporation | 6.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-1-2036 | &nbsp;&nbsp;122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northrop Grumman Corporation | 5.05 | &nbsp;&nbsp;11-15-2040 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Precision Castparts Corporation | 3.90 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2043 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118711 |

---

See accompanying notes to portfolio of investments

------

Allspring Investment Grade Corporate Bond Portfolio \| 5

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Aerospace & defense (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Textron Incorporated | 4.30% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2024 | &nbsp;&nbsp;$140000 | &nbsp;&nbsp;$138338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Boeing Company | 2.60 | &nbsp;&nbsp;10-30-2025 | &nbsp;&nbsp;120000 | &nbsp;&nbsp;&nbsp;&nbsp; 111174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Boeing Company | 5.88 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2040 | &nbsp;&nbsp;186000 | &nbsp;&nbsp;&nbsp;&nbsp; 177212 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **748150** |
| &nbsp;&nbsp;**Air freight & logistics: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Parcel Service Incorporated | 6.20 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2038 | &nbsp;&nbsp;206000 | &nbsp;&nbsp;&nbsp;&nbsp; **232744** |
| &nbsp;&nbsp;**Airlines: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Airlines Incorporated | 3.20 | &nbsp;&nbsp;12-15-2029 | &nbsp;&nbsp;204792 | &nbsp;&nbsp;&nbsp;&nbsp; 179949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Airlines Incorporated | 4.30 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2027 | &nbsp;&nbsp;138715 | &nbsp;&nbsp;&nbsp;&nbsp; 129617 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **309566** |
| &nbsp;&nbsp;**Electrical equipment: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rockwell Automation Incorporated | 2.80 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2061 | &nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp; **96776** |
| &nbsp;&nbsp;**Industrial conglomerates: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honeywell International Incorporated | 3.35 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2023 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 137844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honeywell International Incorporated | 3.81 | &nbsp;&nbsp;11-21-2047 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 149442 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **287286** |
| &nbsp;&nbsp;**Machinery: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dover Corporation | 5.38 | &nbsp;&nbsp;10-15-2035 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; **139351** |
| &nbsp;&nbsp;**Road & rail: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSX Corporation | 4.25 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2066 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 111046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norfolk Southern Corporation | 5.10 | &nbsp;&nbsp;12-31-2049 | &nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp; 66887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Pacific Corporation | 3.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-6-2071 | &nbsp;&nbsp;230000 | &nbsp;&nbsp;&nbsp;&nbsp; 173685 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **351618** |
| &nbsp;&nbsp;**Trading companies & distributors: 0.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Lease Corporation | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2025 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W.W. Grainger Incorporated | 4.60 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2045 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260582 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**450165** |
| &nbsp;&nbsp;**Transportation infrastructure: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Burlington Northern Santa Fe LLC | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2052 | &nbsp;&nbsp;285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**197811** |
| &nbsp;&nbsp;**Information technology: 10.31%** |  |  |  |  |
| &nbsp;&nbsp;**Communications equipment: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems Incorporated | 2.95 | &nbsp;&nbsp;&nbsp;&nbsp;2-28-2026 | &nbsp;&nbsp;340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**326441** |
| &nbsp;&nbsp;**Electronic equipment, instruments & components: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corning Incorporated | 5.45 | &nbsp;&nbsp;11-15-2079 | &nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dell International LLC | 6.10 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2027 | &nbsp;&nbsp;230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keysight Technologies Incorporated | 4.55 | &nbsp;&nbsp;10-30-2024 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172665 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**600022** |
| &nbsp;&nbsp;**IT services: 2.56%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiserv Incorporated | 3.85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2025 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Payments Incorporated | 3.20 | &nbsp;&nbsp;&nbsp;&nbsp;8-15-2029 | &nbsp;&nbsp;330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IBM Corporation | 3.00 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2024 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard Incorporated | 3.50 | &nbsp;&nbsp;&nbsp;&nbsp;2-26-2028 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard Incorporated | 3.95 | &nbsp;&nbsp;&nbsp;&nbsp;2-26-2048 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123038 |

---

See accompanying notes to portfolio of investments

------

6 \| Allspring Investment Grade Corporate Bond Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**IT services (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa Incorporated | 2.75% | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2027 | &nbsp;&nbsp;$300000 | &nbsp;&nbsp;$280633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa Incorporated | 2.05 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2030 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;&nbsp;&nbsp; 409280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Union Company | 6.20 | &nbsp;&nbsp;11-17-2036 | &nbsp;&nbsp;122000 | &nbsp;&nbsp;&nbsp;&nbsp; 119754 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **2094912** |
| &nbsp;&nbsp;**Semiconductors & semiconductor equipment: 1.89%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Materials Incorporated | 5.85 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2041 | &nbsp;&nbsp;380000 | &nbsp;&nbsp;&nbsp;&nbsp; 418560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom Incorporated 144A | 3.14 | &nbsp;&nbsp;11-15-2035 | &nbsp;&nbsp;315000 | &nbsp;&nbsp;&nbsp;&nbsp; 233440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom Incorporated | 4.15 | &nbsp;&nbsp;11-15-2030 | &nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp; 291895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel Corporation | 2.60 | &nbsp;&nbsp;&nbsp;&nbsp;5-19-2026 | &nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp; 207247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel Corporation | 4.25 | &nbsp;&nbsp;12-15-2042 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 150778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qualcomm Inc | 1.65 | &nbsp;&nbsp;&nbsp;&nbsp;5-20-2032 | &nbsp;&nbsp;315000 | &nbsp;&nbsp;&nbsp;&nbsp; 245049 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **1546969** |
| &nbsp;&nbsp;**Software: 3.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corporation | 2.68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2060 | &nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;&nbsp; 354809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corporation | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-6-2024 | &nbsp;&nbsp;240000 | &nbsp;&nbsp;&nbsp;&nbsp; 235672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corporation | 3.04 | &nbsp;&nbsp;&nbsp;&nbsp;3-17-2062 | &nbsp;&nbsp;180000 | &nbsp;&nbsp;&nbsp;&nbsp; 130892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corporation | 5.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2039 | &nbsp;&nbsp; 77000 | &nbsp;&nbsp;&nbsp;&nbsp; 83205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle Corporation | 2.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2030 | &nbsp;&nbsp;745000 | &nbsp;&nbsp;&nbsp;&nbsp; 639351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle Corporation | 3.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-8-2024 | &nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp; 107383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle Corporation | 3.85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2060 | &nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp; 144995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salesforce.com Incorporated | 3.05 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2061 | &nbsp;&nbsp;245000 | &nbsp;&nbsp;&nbsp;&nbsp; 164280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salesforce.com Incorporated | 3.70 | &nbsp;&nbsp;&nbsp;&nbsp;4-11-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 193216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vmware Incorporated | 4.65 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2027 | &nbsp;&nbsp;520000 | &nbsp;&nbsp;&nbsp;&nbsp; 507284 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2561087** |
| &nbsp;&nbsp;**Technology hardware, storage & peripherals: 1.61%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple Incorporated | 2.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-8-2061 | &nbsp;&nbsp;155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple Incorporated | 2.85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-5-2061 | &nbsp;&nbsp;440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple Incorporated | 3.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-8-2052 | &nbsp;&nbsp;185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple Incorporated | 4.65 | &nbsp;&nbsp;&nbsp;&nbsp;2-23-2046 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hewlett-Packard Enterprise Company | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2041 | &nbsp;&nbsp;670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;653373 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1319576** |
| &nbsp;&nbsp;**Materials: 1.88%** |  |  |  |  |
| &nbsp;&nbsp;**Chemicals: 1.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dow Chemical Corporation | 2.10 | &nbsp;&nbsp;11-15-2030 | &nbsp;&nbsp;750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DuPont de Nemours Incorporated | 5.42 | &nbsp;&nbsp;11-15-2048 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eastman Chemical Company | 4.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-1-2042 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LYB International Finance III LLC | 3.80 | &nbsp;&nbsp;&nbsp;&nbsp;10-1-2060 | &nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99495 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**952608** |
| &nbsp;&nbsp;**Metals & mining: 0.72%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan Incorporated | 4.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3-1-2030 | &nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmont Mining Corporation | 2.60 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2032 | &nbsp;&nbsp;370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296244 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**585694** |
| &nbsp;&nbsp;**Real estate: 5.89%** |  |  |  |  |
| &nbsp;&nbsp;**Equity REITs: 5.89%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACE INA Holdings Incorporated | 3.35 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2024 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alexandria Real Estate Equities Incorporated | 4.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2030 | &nbsp;&nbsp;615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589939 |

---

See accompanying notes to portfolio of investments

------

Allspring Investment Grade Corporate Bond Portfolio \| 7

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Equity REITs (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AvalonBay Communities Incorporated | 4.20% | &nbsp;&nbsp;12-15-2023 | &nbsp;&nbsp;$175000 | &nbsp;&nbsp;$173013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boston Properties LP | 2.75 | &nbsp;&nbsp;&nbsp;&nbsp;10-1-2026 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 453639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boston Properties LP | 3.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2024 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 293948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinix Incorporated | 1.55 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2028 | &nbsp;&nbsp;775000 | &nbsp;&nbsp;&nbsp;&nbsp; 644336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HCP Incorporated | 6.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2041 | &nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp; 100343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care REIT Incorporated | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2025 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp; 204966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care REIT Incorporated | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2024 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp; 138703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kimco Realty Corporation | 2.80 | &nbsp;&nbsp;&nbsp;&nbsp;10-1-2026 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp; 322202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prologis LP | 1.25 | &nbsp;&nbsp;10-15-2030 | &nbsp;&nbsp;885000 | &nbsp;&nbsp;&nbsp;&nbsp; 677608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realty Income Corporation | 4.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2026 | &nbsp;&nbsp;119000 | &nbsp;&nbsp;&nbsp;&nbsp; 119592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group LP | 3.30 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2026 | &nbsp;&nbsp;410000 | &nbsp;&nbsp;&nbsp;&nbsp; 390987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group LP | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2024 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 172377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Welltower Incorporated | 4.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9-1-2048 | &nbsp;&nbsp;240000 | &nbsp;&nbsp;&nbsp;&nbsp; 203482 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **4828387** |
| &nbsp;&nbsp;**Utilities: 6.88%** |  |  |  |  |
| &nbsp;&nbsp;**Electric utilities: 5.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appalachian Power Company | 3.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2025 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 169447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appalachian Power Company | 4.45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2045 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 146573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appalachian Power Company | 7.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2038 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 78318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arizona Public Service Company | 3.15 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2025 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp; 100435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arizona Public Service Company | 4.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2042 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 57644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway Energy | 3.65 | &nbsp;&nbsp;&nbsp;&nbsp;4-15-2029 | &nbsp;&nbsp;685000 | &nbsp;&nbsp;&nbsp;&nbsp; 645711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commonwealth Edison Company | 3.80 | &nbsp;&nbsp;&nbsp;&nbsp;10-1-2042 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 57387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duke Energy Incorporated | 4.10 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2043 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duke Energy Indiana Incorporated | 4.90 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2043 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entergy Arkansas Incorporated | 4.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2049 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entergy Gulf States Louisiana LLC | 5.59 | &nbsp;&nbsp;&nbsp;&nbsp;10-1-2024 | &nbsp;&nbsp;84000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exelon Corporation | 4.95 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2035 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Florida Power & Light Company | 5.96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2039 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Florida Power Corporation | 5.65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2040 | &nbsp;&nbsp;87000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NSTAR Electric Company | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2040 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oglethorpe Power Corporation | 5.95 | &nbsp;&nbsp;&nbsp;&nbsp;11-1-2039 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oncor Electric Delivery Company LLC | 7.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2032 | &nbsp;&nbsp;122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pacific Gas & Electric Company | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2031 | &nbsp;&nbsp;410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PacifiCorp | 3.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2024 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PPL Electric Utilities | 4.75 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2043 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Service Electric & Gas Company | 3.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1-1-2043 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Service Electric & Gas Company | 3.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2042 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Service Electric & Gas Company | 5.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5-1-2037 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern California Edison Company | 5.35 | &nbsp;&nbsp;&nbsp;&nbsp;7-15-2035 | &nbsp;&nbsp;126000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern California Edison Company | 5.50 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2040 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern California Edison Company | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2034 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Southern Company | 4.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-1-2046 | &nbsp;&nbsp;185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Electric Company | 8.45 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2039 | &nbsp;&nbsp;56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Virginia Electric & Power Company | 3.10 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2025 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Virginia Electric & Power Company | 4.20 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2045 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Virginia Electric & Power Company | 4.45 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2044 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Virginia Electric & Power Company | 6.00 | &nbsp;&nbsp;&nbsp;&nbsp;1-15-2036 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westar Energy Incorporated | 4.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2043 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wisconsin Electric Power Company | 5.63 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2033 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73223 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4534915** |

---

See accompanying notes to portfolio of investments

------

8 \| Allspring Investment Grade Corporate Bond Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Gas utilities: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CenterPoint Energy Incorporated | 4.50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2044 | &nbsp;&nbsp;$175000 | &nbsp;&nbsp;$159601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One Gas Incorporated | 3.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2-1-2024 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 68863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern California Gas Company | 5.13 | &nbsp;&nbsp;11-15-2040 | &nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 65919 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **294383** |
| &nbsp;&nbsp;**Multi-utilities: 0.99%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ameren Illinois Company | 3.70 | &nbsp;&nbsp;&nbsp;&nbsp;12-1-2047 | &nbsp;&nbsp;165000 | &nbsp;&nbsp;&nbsp;&nbsp; 131708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumers Energy Company | 4.05 | &nbsp;&nbsp;&nbsp;&nbsp;5-15-2048 | &nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp; 242980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dominion Resources Incorporated | 5.95 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2035 | &nbsp;&nbsp;157000 | &nbsp;&nbsp;&nbsp;&nbsp; 158995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sempra Energy | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;6-15-2027 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 278561 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **812244** |
| &nbsp;&nbsp;**Total Corporate bonds and notes (Cost $74,193,017)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**66994757** |
| &nbsp;&nbsp;**Non-agency mortgage-backed securities: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peco Energy Company 1st Mortgage | 2.85 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2051 | &nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp; 106769 |
| &nbsp;&nbsp;**Total Non-agency mortgage-backed securities (Cost $130,657)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **106769** |
| &nbsp;&nbsp;**Yankee corporate bonds and notes: 16.24%** |  |  |  |  |
| &nbsp;&nbsp;**Communication services: 0.96%** |  |  |  |  |
| &nbsp;&nbsp;**Diversified telecommunication services: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bell Canada Company | 4.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4-1-2048 | &nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp; **129021** |
| &nbsp;&nbsp;**Wireless telecommunication services: 0.80%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;America Movil SAB de CV | 4.38 | &nbsp;&nbsp;&nbsp;&nbsp;4-22-2049 | &nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp; 85121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rogers Communications Incorporated | 3.63 | &nbsp;&nbsp;12-15-2025 | &nbsp;&nbsp;235000 | &nbsp;&nbsp;&nbsp;&nbsp; 223690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rogers Communications Incorporated 144A | 4.55 | &nbsp;&nbsp;&nbsp;&nbsp;3-15-2052 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 162789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vodafone Group plc | 4.38 | &nbsp;&nbsp;&nbsp;&nbsp;2-19-2043 | &nbsp;&nbsp;230000 | &nbsp;&nbsp;&nbsp;&nbsp; 189118 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**660718** |
| &nbsp;&nbsp;**Consumer discretionary: 0.93%** |  |  |  |  |
| &nbsp;&nbsp;**Internet & direct marketing retail: 0.93%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding Limited | 3.40 | &nbsp;&nbsp;&nbsp;&nbsp;12-6-2027 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding Limited | 3.60 | &nbsp;&nbsp;11-28-2024 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579268 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**762997** |
| &nbsp;&nbsp;**Consumer staples: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;**Beverages: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diageo Capital plc | 5.88 | &nbsp;&nbsp;&nbsp;&nbsp;9-30-2036 | &nbsp;&nbsp;122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**129923** |
| &nbsp;&nbsp;**Energy: 1.40%** |  |  |  |  |
| &nbsp;&nbsp;**Oil, gas & consumable fuels: 1.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Natural Resources Limited | 4.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2047 | &nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Husky Energy Incorporated | 6.80 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2037 | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shell International Finance BV | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;5-11-2025 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Capital International SA | 3.39 | &nbsp;&nbsp;&nbsp;&nbsp;6-29-2060 | &nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Capital International SA | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;4-10-2024 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransCanada PipeLines Limited | 6.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-1-2040 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214861 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1147525** |

---

See accompanying notes to portfolio of investments

------

Allspring Investment Grade Corporate Bond Portfolio \| 9

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Financials: 11.18%** |  |  |  |  |
| &nbsp;&nbsp;**Banks: 8.66%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Santander SA (1 Year Treasury Constant Maturity +0.90%) ± | 1.72% | &nbsp;&nbsp;&nbsp;&nbsp;9-14-2027 | &nbsp;&nbsp;$600000 | &nbsp;&nbsp;$514034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Nova Scotia | 4.50 | &nbsp;&nbsp;12-16-2025 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 493757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barclays plc (3 Month LIBOR +1.90%) ± | 4.97 | &nbsp;&nbsp;&nbsp;&nbsp;5-16-2029 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 281396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BARCLAYS PLC SR UNSECURED 08 (1 Year Treasury Constant Maturity +2.30%) ± | 5.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8-9-2026 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp; 393360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cooperatieve Rabobank UA | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;7-21-2026 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp; 262837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Holdings plc (U.S. SOFR +1.19%) ± | 2.80 | &nbsp;&nbsp;&nbsp;&nbsp;5-24-2032 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp; 310711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Holdings plc (3 Month LIBOR +1.53%) ± | 4.58 | &nbsp;&nbsp;&nbsp;&nbsp;6-19-2029 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 184142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Holdings plc | 4.95 | &nbsp;&nbsp;&nbsp;&nbsp;3-31-2030 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp; 383352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ING Banking Group plc (U.S. SOFR +1.83%) ± | 4.02 | &nbsp;&nbsp;&nbsp;&nbsp;3-28-2028 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp; 186620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ING Banking Group plc | 4.55 | &nbsp;&nbsp;&nbsp;&nbsp;10-2-2028 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 476110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Australia Bank Limited | 2.50 | &nbsp;&nbsp;&nbsp;&nbsp;7-12-2026 | &nbsp;&nbsp;800000 | &nbsp;&nbsp;&nbsp;&nbsp; 740912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada | 0.43 | &nbsp;&nbsp;&nbsp;&nbsp;1-19-2024 | &nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp; 118837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Bank of Canada | 4.65 | &nbsp;&nbsp;&nbsp;&nbsp;1-27-2026 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp; 693138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Mitsui Financial Group | 3.01 | &nbsp;&nbsp;10-19-2026 | &nbsp;&nbsp;655000 | &nbsp;&nbsp;&nbsp;&nbsp; 606749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto Dominion Bank (USD Swap Semi Annual (vs. 3 Month LIBOR) 5 Year +2.21%) ± | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;9-15-2031 | &nbsp;&nbsp;790000 | &nbsp;&nbsp;&nbsp;&nbsp; 726799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westpac Banking Corporation | 2.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-3-2031 | &nbsp;&nbsp;305000 | &nbsp;&nbsp;&nbsp;&nbsp; 252776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westpac Banking Corporation | 2.85 | &nbsp;&nbsp;&nbsp;&nbsp;5-13-2026 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 471771 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **7097301** |
| &nbsp;&nbsp;**Capital markets: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco Finance plc | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;1-30-2024 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; **172422** |
| &nbsp;&nbsp;**Consumer finance: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vale Overseas Limited Company | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7-8-2030 | &nbsp;&nbsp;335000 | &nbsp;&nbsp;&nbsp;&nbsp; **291807** |
| &nbsp;&nbsp;**Diversified financial services: 1.79%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AerCap Ireland Capital | 3.00 | &nbsp;&nbsp;10-29-2028 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AerCap Ireland Capital | 3.30 | &nbsp;&nbsp;&nbsp;&nbsp;1-30-2032 | &nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brookfield Finance Incorporated | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;2-15-2052 | &nbsp;&nbsp;155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brookfield Finance Incorporated | 4.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6-2-2026 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GE Capital International Funding Company | 3.37 | &nbsp;&nbsp;11-15-2025 | &nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shell International Finance BV | 3.75 | &nbsp;&nbsp;&nbsp;&nbsp;9-12-2046 | &nbsp;&nbsp;145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shell International Finance BV | 4.00 | &nbsp;&nbsp;&nbsp;&nbsp;5-10-2046 | &nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147799 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1464318** |
| &nbsp;&nbsp;**Insurance: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XLIT Limited | 5.25 | &nbsp;&nbsp;12-15-2043 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**138392** |
| &nbsp;&nbsp;**Health care: 0.93%** |  |  |  |  |
| &nbsp;&nbsp;**Health care equipment & supplies: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DH Europe Finance II | 3.40 | &nbsp;&nbsp;11-15-2049 | &nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**95351** |
| &nbsp;&nbsp;**Pharmaceuticals: 0.81%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AstraZeneca plc | 3.38 | &nbsp;&nbsp;11-16-2025 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AstraZeneca plc | 4.38 | &nbsp;&nbsp;11-16-2045 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184015 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**668420** |

---

See accompanying notes to portfolio of investments

------

10 \| Allspring Investment Grade Corporate Bond Portfolio

------

Portfolio of investments—November 30, 2022 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> rate** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Principal** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;**Industrials: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;**Road & rail: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian National Railway Company | 3.65% | &nbsp;&nbsp;&nbsp;&nbsp;2-3-2048 | &nbsp;&nbsp;$100000 | &nbsp;&nbsp;**$81074** |
| &nbsp;&nbsp;**Materials: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;**Chemicals: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nutrien Limited | 6.13 | &nbsp;&nbsp;1-15-2041 | &nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp; **118269** |
| &nbsp;&nbsp;**Metals & mining: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ArcelorMittal SA | 4.55 | &nbsp;&nbsp;3-11-2026 | &nbsp;&nbsp;245000 | &nbsp;&nbsp;&nbsp;&nbsp; 237828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern Copper Corp | 5.88 | &nbsp;&nbsp;4-23-2045 | &nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp; 114569 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **352397** |
| &nbsp;&nbsp;**Total Yankee corporate bonds and notes (Cost $14,399,613)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**13309935** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Yield** | &nbsp;&nbsp;**Shares** |  |
| &nbsp;&nbsp;**Short-term investments: 0.57%** |  |  |  |  |
| &nbsp;&nbsp;**Investment companies: 0.57%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Government Money Market Fund Select Class ♠∞ |  | 3.60 | &nbsp;&nbsp;&nbsp;&nbsp;462146 | &nbsp;&nbsp;&nbsp;&nbsp; **462146** |
| &nbsp;&nbsp;**Total Short-term investments (Cost $462,146)** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **462146** |
| &nbsp;&nbsp;**Total investments in securities (Cost $89,185,433)** | &nbsp;&nbsp;98.68% |  |  | &nbsp;&nbsp;&nbsp;&nbsp;80873607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets and liabilities, net | &nbsp;&nbsp;&nbsp;&nbsp;1.32 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1084499 |
| &nbsp;&nbsp;**Total net assets** | **100.00%** |  |  | &nbsp;&nbsp;**$81958106** |

---

---

| | |
|:---|:---|
| 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 1933. |
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| ♠ | The issuer of the security is an affiliated person of the Portfolio as defined in the Investment Company Act of 1940. |
| ∞ | The rate represents the 7-day annualized yield at period end. |

---

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| LIBOR | &nbsp;&nbsp;&nbsp;London Interbank Offered Rate |
| REIT | &nbsp;&nbsp;&nbsp;Real estate investment trust |
| SOFR | &nbsp;&nbsp;&nbsp;Secured Overnight Financing Rate |

---

#### 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;**Short-term investments** | &nbsp;&nbsp;**Short-term investments** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allspring Government Money Market Fund Select Class | $5000151 | $68535053 | $(73073058) | $0 | $0 | $462146 | 462146 | $27510 |

---

See accompanying notes to portfolio of investments

------

Allspring Investment Grade Corporate Bond Portfolio \| 11

------

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.

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.

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;**Corporate bonds and notes** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$66994757 | &nbsp;&nbsp;&nbsp;&nbsp;$0 | &nbsp;&nbsp;&nbsp;&nbsp;$66994757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Non-agency mortgage-backed securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Yankee corporate bonds and notes** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13309935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13309935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Investment companies* | &nbsp;&nbsp;&nbsp;&nbsp;462146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | &nbsp;&nbsp;**$462146** | &nbsp;&nbsp;&nbsp;&nbsp;**$80411461** | &nbsp;&nbsp;&nbsp;&nbsp;**$0** | &nbsp;&nbsp;&nbsp;&nbsp;**$80873607** |

---

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.

------

12 \| Allspring Investment Grade Corporate 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 Investment Grade Corporate Bond Portfolio

- **b. EDGAR series identifier (if any):** S000057911

- **c. LEI of Series:** 5493001BFBPLXGF0T424

**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:** $82013694.75

**Total Liabilities:** $52629.04

**Net Assets:** $81961065.71

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -77.89000000 | **1-Year:** -4482.81000000 | **5-Year:** -14883.26000000 | **10-Year:** -23549.23000000 | **30-Year:** -18923.47000000

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

- **3-Month:** -0.33000000 | **1-Year:** -12.89000000 | **5-Year:** -94.89000000 | **10-Year:** -45.50000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000188021 | -5.29%               | -0.92%               | 5.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1108043.27             | $-3557387.91                               |
| Month 2  | $-929293.00              | $-36798.28                                 |
| Month 3  | $-686153.01              | $4395490.36                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    575000 | PA      | $427476.05    | 0.52%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                                                                      | CUSIP: 98978VAH6<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    240000 | PA      | $221758.43    | 0.27%             | 2043-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $236313.14    | 0.29%             | 2027-07-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                    | Equinix Inc                                                                     | CUSIP: 29444UBL9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |    775000 | PA      | $644335.64    | 0.79%             | 2028-03-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                                                               | CUSIP: 478160BJ2<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    770000 | PA      | $767040.50    | 0.94%             | 2033-12-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                         | CUSIP: 404119CG2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    160000 | PA      | $129005.73    | 0.16%             | 2052-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP           | Westpac Banking Corp                                                            | CUSIP: 961214ET6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    305000 | PA      | $252775.64    | 0.31%             | 2031-06-03      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                 | Eli Lilly & Co                                                                  | CUSIP: 532457BH0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67151.57     | 0.08%             | 2025-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                     | Cigna Corp                                                                      | CUSIP: 125523CF5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    210000 | PA      | $190691.39    | 0.23%             | 2046-07-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                                             | CUSIP: 025816DA4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    685000 | PA      | $649052.37    | 0.79%             | 2033-08-03      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC        | Public Service Electric and Gas Co                                              | CUSIP: 74456QAZ9<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     70000 | PA      | $58855.43     | 0.07%             | 2042-05-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC       | Duke Energy Progress LLC                                                        | CUSIP: 144141DD7<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    210000 | PA      | $177453.34    | 0.22%             | 2043-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                              | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $514033.71    | 0.63%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                    | Southern Co/The                                                                 | CUSIP: 842587CX3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    185000 | PA      | $155467.17    | 0.19%             | 2046-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                        | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    235000 | PA      | $170602.48    | 0.21%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| FORD FOUNDATION/THE            | Ford Foundation/The                                                             | CUSIP: 34531XAC8<br>LEI: 54930013YZ3DULPNNT44 | Long             | DBT              | CORP              | US        |    260000 | PA      | $153554.13    | 0.19%             | 2070-06-01      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| Eastman Chemical Co            | Eastman Chemical Co                                                             | CUSIP: 277432AL4<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | DBT              | CORP              | US        |    140000 | PA      | $118085.97    | 0.14%             | 2042-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc               | Altria Group Inc                                                                | CUSIP: 02209SAS2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61253.35     | 0.07%             | 2024-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE       | Caterpillar Financial Services Corp                                             | CUSIP: 14912L6G1<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194417.09    | 0.24%             | 2024-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                                                          | CUSIP: 91324PCX8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $172284.60    | 0.21%             | 2047-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc                                                          | CUSIP: 084670BS6<br>LEI: 5493000C01ZX7D35SD85 | Long             | DBT              | CORP              | US        |    565000 | PA      | $545285.60    | 0.67%             | 2026-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE          | United Parcel Service Inc                                                       | CUSIP: 911312AJ5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    206000 | PA      | $232744.09    | 0.28%             | 2038-01-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC          | Quest Diagnostics Inc                                                           | CUSIP: 74834LBB5<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    300000 | PA      | $259756.12    | 0.32%             | 2030-06-30      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                                                                  | CUSIP: 20825CAF1<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | DBT              | CORP              | US        |    175000 | PA      | $190248.91    | 0.23%             | 2032-10-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                                            | CUSIP: 78015K7L2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $118837.15    | 0.14%             | 2024-01-19      | Fixed         | 0.43%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp               | BAT Capital Corp                                                                | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    140000 | PA      | $101574.81    | 0.12%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL        | Honeywell International Inc                                                     | CUSIP: 438516BS4<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    175000 | PA      | $149441.74    | 0.18%             | 2047-11-21      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                 | Amazon.com Inc                                                                  | CUSIP: 023135CJ3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    280000 | PA      | $239242.11    | 0.29%             | 2052-04-13      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP            | American International Group Inc                                                | CUSIP: 026874DM6<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187800.00    | 0.23%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE       | Caterpillar Financial Services Corp                                             | CUSIP: 14912L5X5<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173024.43    | 0.21%             | 2023-11-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                 | Air Lease Corp                                                                  | CUSIP: 00912XBA1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189582.98    | 0.23%             | 2025-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK          | Toronto-Dominion Bank/The                                                       | CUSIP: 891160MJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    790000 | PA      | $726798.74    | 0.89%             | 2031-09-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                  | CUSIP: 927804FT6<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    105000 | PA      | $87369.30     | 0.11%             | 2045-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY        | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233DAT4<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    122000 | PA      | $139198.69    | 0.17%             | 2032-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE       | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LBH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $197811.26    | 0.24%             | 2052-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                 | PECO Energy Co                                                                  | CUSIP: 693304BC0<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    160000 | PA      | $106769.20    | 0.13%             | 2051-09-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE         | Blackstone Private Credit Fund                                                  | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    215000 | PA      | $185280.07    | 0.23%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    290000 | PA      | $286886.76    | 0.35%             | 2033-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                                   | CUSIP: 097023BP9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    120000 | PA      | $111174.44    | 0.14%             | 2025-10-30      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    580000 | PA      | $549409.34    | 0.67%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC        | Public Service Electric and Gas Co                                              | CUSIP: 74456QAR7<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73223.79     | 0.09%             | 2037-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                    | Truist Bank                                                                     | CUSIP: 86787GAJ1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    600000 | PA      | $562483.64    | 0.69%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                   | ING Groep NV                                                                    | CUSIP: 456837AM5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $476109.92    | 0.58%             | 2028-10-02      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED          | Vale Overseas Ltd                                                               | CUSIP: 91911TAQ6<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    335000 | PA      | $291807.23    | 0.36%             | 2030-07-08      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC          | Entergy Louisiana LLC                                                           | CUSIP: 29365PAP7<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |     84000 | PA      | $85556.07     | 0.10%             | 2024-10-01      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    315000 | PA      | $233439.94    | 0.28%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA            | Bank of Nova Scotia/The                                                         | CUSIP: 064159HB5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $493757.18    | 0.60%             | 2025-12-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal                  | ArcelorMittal SA                                                                | CUSIP: 03938LBA1<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    245000 | PA      | $237828.25    | 0.29%             | 2026-03-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER       | Enterprise Products Operating LLC                                               | CUSIP: 29379VAT0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201923.65    | 0.25%             | 2041-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Phillips 66                    | Phillips 66                                                                     | CUSIP: 718546AK0<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    140000 | PA      | $132590.58    | 0.16%             | 2034-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC          | Time Warner Cable LLC                                                           | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    270000 | PA      | $202681.38    | 0.25%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER       | Wisconsin Electric Power Co                                                     | CUSIP: 976656BW7<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73223.22     | 0.09%             | 2033-05-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                    | MetLife Inc                                                                     | CUSIP: 59156RAJ7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    196000 | PA      | $217655.02    | 0.27%             | 2034-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280CF4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $383351.76    | 0.47%             | 2030-03-31      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Western Union Co/The           | Western Union Co/The                                                            | CUSIP: 959802AH2<br>LEI: 28ID94QU1140NC23S047 | Long             | DBT              | CORP              | US        |    122000 | PA      | $119754.14    | 0.15%             | 2036-11-17      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE ENERGY PARTNERS       | Enbridge Energy Partners LP                                                     | CUSIP: 29250RAT3<br>LEI: CZ6VG2MNE1J6YDI02G48 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133163.46    | 0.16%             | 2040-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                    | Bell Telephone Co of Canada or Bell Canada/The                                  | CUSIP: 0778FPAA7<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $129020.59    | 0.16%             | 2048-04-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                 | Microsoft Corp                                                                  | CUSIP: 594918CF9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    180000 | PA      | $130891.60    | 0.16%             | 2062-03-17      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART        | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BN5<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    175000 | PA      | $153430.40    | 0.19%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS CO          | Southern California Gas Co                                                      | CUSIP: 842434CJ9<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65919.42     | 0.08%             | 2040-11-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC        | Duke Energy Florida LLC                                                         | CUSIP: 341099CN7<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |     87000 | PA      | $88509.33     | 0.11%             | 2040-04-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                  | Allstate Corp/The                                                               | CUSIP: 020002AU5<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110352.65    | 0.13%             | 2057-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                                                                 | CUSIP: 046353AL2<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $484405.32    | 0.59%             | 2025-11-16      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XCS3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137864.37    | 0.17%             | 2029-01-17      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP             | VICI Properties LP                                                              | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    210000 | PA      | $196982.10    | 0.24%             | 2032-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    325000 | PA      | $291895.43    | 0.36%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                                                            | CUSIP: 539830AR0<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    122000 | PA      | $134651.26    | 0.16%             | 2036-09-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II           | DH Europe Finance II Sarl                                                       | CUSIP: 23291KAK1<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    125000 | PA      | $95350.88     | 0.12%             | 2049-11-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP           | Boston Properties LP                                                            | CUSIP: 10112RAY0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    500000 | PA      | $453638.91    | 0.55%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                  | CUSIP: 927804FR0<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    105000 | PA      | $91654.40     | 0.11%             | 2044-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                                                           | CUSIP: 666807BD3<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68063.67     | 0.08%             | 2040-11-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| APPLE INC                      | Apple Inc                                                                       | CUSIP: 037833EG1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    155000 | PA      | $103054.30    | 0.13%             | 2061-02-08      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                                                                  | CUSIP: 57636QAJ3<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    400000 | PA      | $383889.31    | 0.47%             | 2028-02-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                         | CUSIP: 404119CM9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    180000 | PA      | $145879.92    | 0.18%             | 2042-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CSX Corp                       | CSX Corp                                                                        | CUSIP: 126408HG1<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    140000 | PA      | $111046.07    | 0.14%             | 2066-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                   | CUSIP: 172967MY4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    295000 | PA      | $235928.72    | 0.29%             | 2032-05-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Mylan Inc                      | Mylan Inc                                                                       | CUSIP: 628530BD8<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197504.50    | 0.24%             | 2023-11-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $101720.76    | 0.12%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Welltower Inc                  | Welltower Inc                                                                   | CUSIP: 42217KBC9<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    140000 | PA      | $138703.28    | 0.17%             | 2024-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON       | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XAN8<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    175000 | PA      | $159600.60    | 0.19%             | 2044-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP        | John Deere Capital Corp                                                         | CUSIP: 24422EVQ9<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    810000 | PA      | $760814.99    | 0.93%             | 2024-06-07      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES          | AvalonBay Communities Inc                                                       | CUSIP: 05348EAT6<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    175000 | PA      | $173012.58    | 0.21%             | 2023-12-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL          | Evergy Kansas Central Inc                                                       | CUSIP: 95709TAJ9<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    210000 | PA      | $173112.24    | 0.21%             | 2043-04-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN       | Rogers Communications Inc                                                       | CUSIP: 775109CD1<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $162788.71    | 0.20%             | 2052-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp           | Westpac Banking Corp                                                            | CUSIP: 961214CX9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $471770.59    | 0.58%             | 2026-05-13      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| NSTAR Electric Co              | NSTAR Electric Co                                                               | CUSIP: 67021CAF4<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71123.85     | 0.09%             | 2040-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                                                       | CUSIP: 682680AU7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $475253.95    | 0.58%             | 2028-07-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL FINANCIAL GRP        | Principal Financial Group Inc                                                   | CUSIP: 74251VAK8<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135687.75    | 0.17%             | 2025-05-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                                                                  | CUSIP: 57636QAK0<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    140000 | PA      | $123038.35    | 0.15%             | 2048-02-26      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CORNING INC                    | Corning Inc                                                                     | CUSIP: 219350BQ7<br>LEI: 549300X2937PB0CJ7I56 | Long             | DBT              | CORP              | US        |    215000 | PA      | $191043.94    | 0.23%             | 2079-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP             | Realty Income Corp                                                              | CUSIP: 756109BF0<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    119000 | PA      | $119591.52    | 0.15%             | 2026-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                                                     | CUSIP: 68389XAU9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107382.95    | 0.13%             | 2024-07-08      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II        | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $112818.00    | 0.14%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN        | Shell International Finance BV                                                  | CUSIP: 822582BY7<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    145000 | PA      | $117441.95    | 0.14%             | 2046-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-2 AA PTT       | American Airlines 2016-2 Class AA Pass Through Trust                            | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11872 | PA      | $10431.82     | 0.01%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ARCH CAPITAL GRP US INC        | Arch Capital Group US Inc                                                       | CUSIP: 03938JAA7<br>LEI: 549300B4QKQFLY1XST28 | Long             | DBT              | CORP              | US        |    147000 | PA      | $132562.60    | 0.16%             | 2043-11-01      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Intel Corp                     | Intel Corp                                                                      | CUSIP: 458140AP5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    175000 | PA      | $150778.18    | 0.18%             | 2042-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC         | Brookfield Finance Inc                                                          | CUSIP: 11271LAJ1<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    155000 | PA      | $103925.23    | 0.13%             | 2052-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                    | PNC Bank NA                                                                     | CUSIP: 20453KAA3<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243165.91    | 0.30%             | 2025-04-10      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ONE Gas Inc                    | ONE Gas Inc                                                                     | CUSIP: 68235PAE8<br>LEI: 549300HXDWI0LATTX840 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68863.20     | 0.08%             | 2024-02-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE          | Molson Coors Beverage Co                                                        | CUSIP: 60871RAG5<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |    635000 | PA      | $595604.49    | 0.73%             | 2026-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAF7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    700000 | PA      | $695263.67    | 0.85%             | 2028-05-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| VISA INC                       | Visa Inc                                                                        | CUSIP: 92826CAM4<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    475000 | PA      | $409280.46    | 0.50%             | 2030-04-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| TRANSATLANTIC HOLDINGS         | Transatlantic Holdings Inc                                                      | CUSIP: 893521AB0<br>LEI: RN37QJVS1BV19MNIC295 | Long             | DBT              | CORP              | US        |     70000 | PA      | $86184.41     | 0.11%             | 2039-11-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                   | Alphabet Inc                                                                    | CUSIP: 02079KAG2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    385000 | PA      | $232989.45    | 0.28%             | 2060-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RAILWAY          | Canadian National Railway Co                                                    | CUSIP: 136375CP5<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $81074.13     | 0.10%             | 2048-02-03      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP           | Pilgrim's Pride Corp                                                            | CUSIP: 72147KAG3<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    370000 | PA      | $297816.70    | 0.36%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc       | Prudential Financial Inc                                                        | CUSIP: 74432QAC9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    350000 | PA      | $365092.62    | 0.45%             | 2033-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                                       | CUSIP: 031162DK3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    175000 | PA      | $159618.03    | 0.19%             | 2053-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC           | Freeport-McMoRan Inc                                                            | CUSIP: 35671DCF0<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    325000 | PA      | $289450.47    | 0.35%             | 2030-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    150000 | PA      | $119545.45    | 0.15%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART        | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BU9<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    210000 | PA      | $194722.85    | 0.24%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL        | Honeywell International Inc                                                     | CUSIP: 438516BD7<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137844.05    | 0.17%             | 2023-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Ventas Realty LP               | Ventas Realty LP                                                                | CUSIP: 92277GAN7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |    485000 | PA      | $454082.56    | 0.55%             | 2029-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR | ALLSPRING GOVERNMENT MONEY MAR                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    462147 | NS      | $462146.60    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GKB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    125000 | PA      | $82185.58     | 0.10%             | 2052-07-21      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp            | Northern Trust Corp                                                             | CUSIP: 665859AP9<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172053.22    | 0.21%             | 2025-10-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc          | Reynolds American Inc                                                           | CUSIP: 761713BG0<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343700.68    | 0.42%             | 2025-06-12      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                                                        | CUSIP: 654106AD5<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |     70000 | PA      | $59388.48     | 0.07%             | 2043-05-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Textron Inc                    | Textron Inc                                                                     | CUSIP: 883203BU4<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138338.03    | 0.17%             | 2024-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS       | Discovery Communications LLC                                                    | CUSIP: 25470DBL2<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |      1000 | PA      | $641.03       | 0.00%             | 2055-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Appalachian Power Co           | Appalachian Power Co                                                            | CUSIP: 037735CV7<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |    175000 | PA      | $146573.34    | 0.18%             | 2045-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                    | Nutrien Ltd                                                                     | CUSIP: 67077MAQ1<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $118269.32    | 0.14%             | 2041-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ESTEE LAUDER CO INC            | Estee Lauder Cos Inc/The                                                        | CUSIP: 29736RAC4<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | DBT              | CORP              | US        |    140000 | PA      | $151464.56    | 0.18%             | 2037-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 86765BAQ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    185000 | PA      | $159140.27    | 0.19%             | 2045-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAF4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    150000 | PA      | $133218.46    | 0.16%             | 2026-03-19      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Union Electric Co              | Union Electric Co                                                               | CUSIP: 906548CH3<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     56000 | PA      | $71926.59     | 0.09%             | 2039-03-15      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL         | Mondelez International Inc                                                      | CUSIP: 609207AT2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    440000 | PA      | $381880.04    | 0.47%             | 2030-04-13      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                    | Prologis LP                                                                     | CUSIP: 74340XBR1<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    885000 | PA      | $677608.31    | 0.83%             | 2030-10-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                     | VMware Inc                                                                      | CUSIP: 928563AE5<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    520000 | PA      | $507283.58    | 0.62%             | 2027-05-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION       | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394835.38    | 0.48%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN         | Berkshire Hathaway Finance Corp                                                 | CUSIP: 084664BL4<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    240000 | PA      | $264234.77    | 0.32%             | 2040-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AU4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    105000 | PA      | $94548.01     | 0.12%             | 2060-06-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP         | Bank of New York Mellon Corp/The                                                | CUSIP: 06406GAA9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    570000 | PA      | $509601.50    | 0.62%             | 2028-10-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA       | Cooperatieve Rabobank UA                                                        | CUSIP: 21684AAF3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    280000 | PA      | $262836.61    | 0.32%             | 2026-07-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                                                    | CUSIP: 20030NDW8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    285000 | PA      | $180301.60    | 0.22%             | 2063-11-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE         | American Honda Finance Corp                                                     | CUSIP: 02665WBP5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195200.62    | 0.24%             | 2024-02-16      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA         | BP Capital Markets America Inc                                                  | CUSIP: 10373QAC4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192396.64    | 0.23%             | 2028-09-21      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES        | Canadian Natural Resources Ltd                                                  | CUSIP: 136385AY7<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $99080.46     | 0.12%             | 2047-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV        | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $275967.56    | 0.34%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC                                                              | CUSIP: 92857WBD1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $189118.16    | 0.23%             | 2043-02-19      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WW Grainger Inc                | WW Grainger Inc                                                                 | CUSIP: 384802AB0<br>LEI: 549300TWZSP6O1IH2V34 | Long             | DBT              | CORP              | US        |    280000 | PA      | $260582.34    | 0.32%             | 2045-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES          | Healthpeak Properties Inc                                                       | CUSIP: 40414LAE9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |     95000 | PA      | $100342.65    | 0.12%             | 2041-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES          | TransCanada PipeLines Ltd                                                       | CUSIP: 893526DJ9<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $214861.43    | 0.26%             | 2040-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III            | LYB International Finance III LLC                                               | CUSIP: 50249AAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $99494.67     | 0.12%             | 2060-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXA7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    125000 | PA      | $109523.62    | 0.13%             | 2039-04-23      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                   | Centene Corp                                                                    | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    360000 | PA      | $283039.20    | 0.35%             | 2031-08-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| LYONDELLBASELL IND NV          | LyondellBasell Industries NV                                                    | CUSIP: 552081AM3<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $276588.24    | 0.34%             | 2055-02-26      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| eBay Inc                       | eBay Inc                                                                        | CUSIP: 278642AF0<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    175000 | PA      | $140644.60    | 0.17%             | 2042-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                                                                  | CUSIP: 58933YAR6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    380000 | PA      | $366156.50    | 0.45%             | 2025-02-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Diageo Capital PLC             | Diageo Capital PLC                                                              | CUSIP: 25243YAH2<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    122000 | PA      | $129923.00    | 0.16%             | 2036-09-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| US Bancorp                     | US Bancorp                                                                      | CUSIP: 91159HHK9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344251.53    | 0.42%             | 2024-09-11      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Kimco Realty Corp              | Kimco Realty Corp                                                               | CUSIP: 49446RAP4<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    350000 | PA      | $322202.46    | 0.39%             | 2026-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos Inc                                                                  | CUSIP: 548661EF0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    130000 | PA      | $105081.69    | 0.13%             | 2062-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp            | Fifth Third Bancorp                                                             | CUSIP: 316773CV0<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    400000 | PA      | $379262.24    | 0.46%             | 2028-03-14      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                             | CUSIP: 37940XAB8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    330000 | PA      | $281977.44    | 0.34%             | 2029-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp        | Marathon Petroleum Corp                                                         | CUSIP: 56585ABD3<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    385000 | PA      | $357442.44    | 0.44%             | 2028-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS       | Discovery Communications LLC                                                    | CUSIP: 25470DAR0<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    400000 | PA      | $359226.07    | 0.44%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV FIN       | Anheuser-Busch InBev Finance Inc                                                | CUSIP: 035242AB2<br>LEI: 5493000EYEKDT0FBSQ91 | Long             | DBT              | CORP              | US        |    230000 | PA      | $197367.18    | 0.24%             | 2043-01-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                  | CUSIP: 927804FS8<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67245.89     | 0.08%             | 2025-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| General Motors Co              | General Motors Co                                                               | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168602.11    | 0.21%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC         | Philip Morris International Inc                                                 | CUSIP: 718172BM0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    210000 | PA      | $202916.40    | 0.25%             | 2024-11-10      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Welltower Inc                  | Welltower Inc                                                                   | CUSIP: 95040QAF1<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    240000 | PA      | $203482.05    | 0.25%             | 2048-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE        | Walt Disney Co/The                                                              | CUSIP: 254687FX9<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    855000 | PA      | $735666.27    | 0.90%             | 2031-01-13      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Apple Inc                      | Apple Inc                                                                       | CUSIP: 037833BX7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102539.17    | 0.13%             | 2046-02-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Duke Energy Indiana LLC        | Duke Energy Indiana LLC                                                         | CUSIP: 263901AF7<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    105000 | PA      | $96954.91     | 0.12%             | 2043-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC         | Pacific Gas and Electric Co                                                     | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    410000 | PA      | $321532.59    | 0.39%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP        | Simon Property Group LP                                                         | CUSIP: 828807CW5<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    410000 | PA      | $390986.93    | 0.48%             | 2026-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER       | Enterprise Products Operating LLC                                               | CUSIP: 29379VAV5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137385.28    | 0.17%             | 2042-02-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Precision Castparts Corp       | Precision Castparts Corp                                                        | CUSIP: 740189AH8<br>LEI: 0XOOAY5P5J7Q734SEC89 | Long             | DBT              | CORP              | US        |    140000 | PA      | $118710.51    | 0.14%             | 2043-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBN5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    950000 | PA      | $658229.23    | 0.80%             | 2051-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC        | Public Service Electric and Gas Co                                              | CUSIP: 74456QBB1<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    140000 | PA      | $114976.58    | 0.14%             | 2043-01-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN        | Shell International Finance BV                                                  | CUSIP: 822582BD3<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $340094.60    | 0.41%             | 2025-05-11      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC       | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748AV4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195784.58    | 0.24%             | 2024-06-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC        | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111FV0<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    370000 | PA      | $301065.09    | 0.37%             | 2049-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP       | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 637432MS1<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    140000 | PA      | $128130.12    | 0.16%             | 2032-11-01      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                 | Home Depot Inc/The                                                              | CUSIP: 437076BD3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218309.40    | 0.27%             | 2044-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA         | Santander Holdings USA Inc                                                      | CUSIP: 80282KAE6<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    350000 | PA      | $342855.53    | 0.42%             | 2025-07-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                                                                 | CUSIP: 046353AM0<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $184014.60    | 0.22%             | 2045-11-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Thomson Reuters Corp           | Thomson Reuters Corp                                                            | CUSIP: 884903BQ7<br>LEI: 549300561UZND4C7B569 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $208076.97    | 0.25%             | 2023-11-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                | CVS Health Corp                                                                 | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    420000 | PA      | $390035.42    | 0.48%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC       | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAS2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    295000 | PA      | $228267.96    | 0.28%             | 2062-03-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                      | CUSIP: 92343VFE9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    680000 | PA      | $603546.52    | 0.74%             | 2030-03-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES          | Keysight Technologies Inc                                                       | CUSIP: 49338LAB9<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172664.61    | 0.21%             | 2024-10-30      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                   | CUSIP: 172967NQ0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    275000 | PA      | $269896.40    | 0.33%             | 2025-05-24      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp          | Oglethorpe Power Corp                                                           | CUSIP: 677050AG1<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102556.64    | 0.13%             | 2039-11-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP       | Citizens Financial Group Inc                                                    | CUSIP: 174610BA2<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183199.20    | 0.22%             | 2031-02-11      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BAPTIST HLTH SFL OBL GR        | Baptist Health South Florida Obligated Group                                    | CUSIP: 066836AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $174287.04    | 0.21%             | 2071-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                                       | CUSIP: 031162DG2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    225000 | PA      | $184268.08    | 0.22%             | 2062-02-22      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC            | Elevance Health Inc                                                             | CUSIP: 94973VAL1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204564.25    | 0.25%             | 2036-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL         | Marriott International Inc/MD                                                   | CUSIP: 571903BE2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    410000 | PA      | $385020.23    | 0.47%             | 2030-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK               | Fifth Third Bank NA                                                             | CUSIP: 31677QBR9<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $225202.49    | 0.27%             | 2027-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY       | National Australia Bank Ltd/New York                                            | CUSIP: 63254AAS7<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    800000 | PA      | $740912.02    | 0.90%             | 2026-07-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273RAZ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    140000 | PA      | $129339.59    | 0.16%             | 2043-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                     | Biogen Inc                                                                      | CUSIP: 09062XAH6<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    700000 | PA      | $577469.72    | 0.70%             | 2030-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc                     | Fiserv Inc                                                                      | CUSIP: 337738AP3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    210000 | PA      | $203821.99    | 0.25%             | 2025-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP             | Union Pacific Corp                                                              | CUSIP: 907818FS2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    230000 | PA      | $173684.61    | 0.21%             | 2071-04-06      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                                                                  | CUSIP: 61747YDY8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    290000 | PA      | $249753.31    | 0.30%             | 2045-01-27      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC               | Altria Group Inc                                                                | CUSIP: 02209SBP7<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    200000 | PA      | $132979.41    | 0.16%             | 2061-02-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                                                    | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    305000 | PA      | $197698.87    | 0.24%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Ventas Realty LP               | Ventas Realty LP                                                                | CUSIP: 92277GAE7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |    400000 | PA      | $383781.74    | 0.47%             | 2025-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GVS0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    360000 | PA      | $326629.83    | 0.40%             | 2045-10-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PPL ELECTRIC UTILITIES         | PPL Electric Utilities Corp                                                     | CUSIP: 69351UAR4<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |    105000 | PA      | $96374.74     | 0.12%             | 2043-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                                                                   | CUSIP: 172967LP4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    325000 | PA      | $300934.83    | 0.37%             | 2028-07-24      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBW7<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79494.78     | 0.10%             | 2059-01-23      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                      | CUSIP: 92343VFV1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    370000 | PA      | $228209.38    | 0.28%             | 2060-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE         | Arizona Public Service Co                                                       | CUSIP: 040555CS1<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    105000 | PA      | $100435.27    | 0.12%             | 2025-05-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Intel Corp                     | Intel Corp                                                                      | CUSIP: 458140AU4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    220000 | PA      | $207247.38    | 0.25%             | 2026-05-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP INC        | GlaxoSmithKline Capital Inc                                                     | CUSIP: 377372AB3<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |    210000 | PA      | $219758.81    | 0.27%             | 2034-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Dover Corp                     | Dover Corp                                                                      | CUSIP: 260003AF5<br>LEI: 549300FMC2ALGA7N9E80 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139350.79    | 0.17%             | 2035-10-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| US Bancorp                     | US Bancorp                                                                      | CUSIP: 91159HHN3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    190000 | PA      | $175749.62    | 0.21%             | 2026-07-22      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE       | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAJ3<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $474904.50    | 0.58%             | 2028-09-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SPECTRA ENERGY PARTNERS        | Spectra Energy Partners LP                                                      | CUSIP: 84756NAH2<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |    300000 | PA      | $280843.17    | 0.34%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2013-1 A PTT        | United Airlines 2013-1 Class A Pass Through Trust                               | CUSIP: 909319AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    138715 | PA      | $129617.40    | 0.16%             | 2025-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PROSPECT CAPITAL CORP          | Prospect Capital Corp                                                           | CUSIP: 74348TAU6<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    160000 | PA      | $140435.57    | 0.17%             | 2026-01-22      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    300000 | PA      | $253466.82    | 0.31%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                                                                  | CUSIP: 855244AR0<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481498.30    | 0.59%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                                                                  | CUSIP: 594918AD6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     77000 | PA      | $83204.95     | 0.10%             | 2039-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO        | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DX3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    175000 | PA      | $140534.11    | 0.17%             | 2062-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| PROGRESSIVE CORP               | Progressive Corp/The                                                            | CUSIP: 743315AL7<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |    252000 | PA      | $274270.47    | 0.33%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Progress Energy Inc            | Progress Energy Inc                                                             | CUSIP: 743263AE5<br>LEI: 549300FBMTW0JYWMNB26 | Long             | DBT              | CORP              | US        |    365000 | PA      | $416740.02    | 0.51%             | 2031-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Discover Bank                  | Discover Bank                                                                   | CUSIP: 25466AAE1<br>LEI: X05BVSK68TQ7YTOSNR22 | Long             | DBT              | CORP              | US        |    250000 | PA      | $238143.93    | 0.29%             | 2026-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                                                           | CUSIP: 038222AG0<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    380000 | PA      | $418560.12    | 0.51%             | 2041-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Target Corp                    | Target Corp                                                                     | CUSIP: 87612EBF2<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    250000 | PA      | $200102.35    | 0.24%             | 2046-04-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                                      | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    525000 | PA      | $496602.70    | 0.61%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                  | CUSIP: 927804FA7<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72587.69     | 0.09%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                   | QUALCOMM Inc                                                                    | CUSIP: 747525BP7<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    315000 | PA      | $245048.70    | 0.30%             | 2032-05-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PPL Capital Funding Inc        | PPL Capital Funding Inc                                                         | CUSIP: 69352PAL7<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93403.02     | 0.11%             | 2026-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                                                     | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    440000 | PA      | $377603.41    | 0.46%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Visa Inc                       | Visa Inc                                                                        | CUSIP: 92826CAH5<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    300000 | PA      | $280632.78    | 0.34%             | 2027-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC             | Cenovus Energy Inc                                                              | CUSIP: 448055AD5<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $72599.27     | 0.09%             | 2037-09-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc         | Brookfield Finance Inc                                                          | CUSIP: 11271LAA0<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $194663.81    | 0.24%             | 2026-06-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Consumers Energy Co            | Consumers Energy Co                                                             | CUSIP: 210518DB9<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    290000 | PA      | $242979.70    | 0.30%             | 2048-05-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Welltower Inc                  | Welltower Inc                                                                   | CUSIP: 42217KBF2<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    210000 | PA      | $204965.73    | 0.25%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TJX COS INC                    | TJX Cos Inc/The                                                                 | CUSIP: 872540AT6<br>LEI: V167QI9I69W364E2DY52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $566571.91    | 0.69%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL        | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                         | CUSIP: 05723KAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $625650.95    | 0.76%             | 2027-12-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC       | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BF8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197286.04    | 0.24%             | 2024-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| APPLE INC                      | Apple Inc                                                                       | CUSIP: 037833EL0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    440000 | PA      | $298826.84    | 0.36%             | 2061-08-05      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co          | MidAmerican Energy Co                                                           | CUSIP: 595620AT2<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    685000 | PA      | $645711.24    | 0.79%             | 2029-04-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART        | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550AT3<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69028.33     | 0.08%             | 2035-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AmerisourceBergen Corp         | AmerisourceBergen Corp                                                          | CUSIP: 03073EAN5<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    175000 | PA      | $145170.14    | 0.18%             | 2045-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                                                     | CUSIP: 30161NAQ4<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135576.12    | 0.17%             | 2035-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                        | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $141223.82    | 0.17%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                                                                    | CUSIP: 20030NBW0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    210000 | PA      | $192568.50    | 0.23%             | 2027-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada           | Royal Bank of Canada                                                            | CUSIP: 780082AD5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $693140.22    | 0.85%             | 2026-01-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                                                             | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    350000 | PA      | $338834.09    | 0.41%             | 2026-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                                                             | CUSIP: 494368BC6<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    140000 | PA      | $161638.05    | 0.20%             | 2037-08-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE         | Arizona Public Service Co                                                       | CUSIP: 040555CN2<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |     70000 | PA      | $57643.74     | 0.07%             | 2042-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC       | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BJ0<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    110000 | PA      | $102665.17    | 0.13%             | 2049-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc       | Prudential Financial Inc                                                        | CUSIP: 744320AN2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    175000 | PA      | $164596.04    | 0.20%             | 2044-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Tyson Foods Inc                | Tyson Foods Inc                                                                 | CUSIP: 902494BK8<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290238.89    | 0.35%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                                                                  | CUSIP: 406216BA8<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    175000 | PA      | $148242.80    | 0.18%             | 2041-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Aon Corp                       | Aon Corp                                                                        | CUSIP: 037389AU7<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72884.52     | 0.09%             | 2040-09-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP            | Charles Schwab Corp/The                                                         | CUSIP: 808513BV6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136791.03    | 0.17%             | 2025-04-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION        | Exxon Mobil Corp                                                                | CUSIP: 30231GAF9<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    345000 | PA      | $331644.18    | 0.40%             | 2025-03-06      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| BlackRock Inc                  | BlackRock Inc                                                                   | CUSIP: 09247XAP6<br>LEI: 549300LRIF3NWCU26A80 | Long             | DBT              | CORP              | US        |    435000 | PA      | $404059.59    | 0.49%             | 2029-04-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC         | Philip Morris International Inc                                                 | CUSIP: 718172AP4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    140000 | PA      | $116037.76    | 0.14%             | 2042-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL               | Paramount Global                                                                | CUSIP: 124857AJ2<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    140000 | PA      | $105558.05    | 0.13%             | 2042-07-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE       | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $202575.69    | 0.25%             | 2024-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| GE CAPITAL INTL FUNDING        | GE Capital International Funding Co Unlimited Co                                | CUSIP: 36164Q6M5<br>LEI: 549300G6UZOB126GBY72 | Long             | DBT              | CORP              | IE        |    550000 | PA      | $527476.24    | 0.64%             | 2025-11-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Aetna Inc                      | Aetna Inc                                                                       | CUSIP: 00817YAJ7<br>LEI: 549300QKBENKLBXQ8968 | Long             | DBT              | CORP              | US        |    105000 | PA      | $90453.32     | 0.11%             | 2042-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sempra Energy                  | Sempra Energy                                                                   | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    300000 | PA      | $278561.45    | 0.34%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280BT5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $184141.56    | 0.22%             | 2029-06-19      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| CHUBB CORP                     | Chubb Corp/The                                                                  | CUSIP: 171232AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    196000 | PA      | $209257.70    | 0.26%             | 2037-05-11      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Loews Corp                     | Loews Corp                                                                      | CUSIP: 540424AR9<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |    140000 | PA      | $111769.10    | 0.14%             | 2043-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                                                                    | CUSIP: 06738EBD6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $281395.65    | 0.34%             | 2029-05-16      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN        | Shell International Finance BV                                                  | CUSIP: 822582BQ4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    175000 | PA      | $147798.62    | 0.18%             | 2046-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ameren Illinois Co             | Ameren Illinois Co                                                              | CUSIP: 02361DAR1<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |    165000 | PA      | $131707.98    | 0.16%             | 2047-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    415000 | PA      | $381835.45    | 0.47%             | 2029-04-23      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC              | Cisco Systems Inc                                                               | CUSIP: 17275RBC5<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    340000 | PA      | $326441.11    | 0.40%             | 2026-02-28      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Suncor Energy Inc              | Suncor Energy Inc                                                               | CUSIP: 71644EAG7<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |    140000 | PA      | $138799.99    | 0.17%             | 2035-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| NEWMONT CORP                   | Newmont Corp                                                                    | CUSIP: 651639AZ9<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | DBT              | CORP              | US        |    370000 | PA      | $296244.31    | 0.36%             | 2032-07-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP       | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MAK6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    655000 | PA      | $606748.95    | 0.74%             | 2026-10-19      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                | CUSIP: 87264ABY0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    295000 | PA      | $204468.93    | 0.25%             | 2060-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc               | Altria Group Inc                                                                | CUSIP: 02209SAQ6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    175000 | PA      | $132047.14    | 0.16%             | 2043-05-02      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                 | Salesforce Inc                                                                  | CUSIP: 79466LAM6<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    245000 | PA      | $164280.34    | 0.20%             | 2061-07-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Apple Inc                      | Apple Inc                                                                       | CUSIP: 037833CG3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    265000 | PA      | $260344.38    | 0.32%             | 2024-02-09      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON            | Southern California Edison Co                                                   | CUSIP: 842400FP3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135690.94    | 0.17%             | 2040-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MEAD JOHNSON NUTRITION C       | Mead Johnson Nutrition Co                                                       | CUSIP: 582839AF3<br>LEI: E4BJRFT3MF4GJDY1SC50 | Long             | DBT              | CORP              | US        |     70000 | PA      | $75464.80     | 0.09%             | 2039-11-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON            | Southern California Edison Co                                                   | CUSIP: 842400ES8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72954.86     | 0.09%             | 2034-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Appalachian Power Co           | Appalachian Power Co                                                            | CUSIP: 037735CM7<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |     70000 | PA      | $78317.79     | 0.10%             | 2038-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE               | Coca-Cola Co/The                                                                | CUSIP: 191216CY4<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    280000 | PA      | $190219.80    | 0.23%             | 2060-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ENTERGY ARKANSAS LLC           | Entergy Arkansas LLC                                                            | CUSIP: 29366MAA6<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    280000 | PA      | $234449.76    | 0.29%             | 2049-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co                                                            | CUSIP: 50077LBJ4<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177557.52    | 0.22%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| America Movil SAB de CV        | America Movil SAB de CV                                                         | CUSIP: 02364WBG9<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $85120.85     | 0.10%             | 2049-04-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E       | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AN9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    615000 | PA      | $589939.00    | 0.72%             | 2030-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                     | AbbVie Inc                                                                      | CUSIP: 00287YDA4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    475000 | PA      | $444042.20    | 0.54%             | 2044-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING          | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAT9<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $183728.94    | 0.22%             | 2027-12-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos Inc                                                                  | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291885.92    | 0.36%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| APPLE INC                      | Apple Inc                                                                       | CUSIP: 037833EQ9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    185000 | PA      | $161782.84    | 0.20%             | 2052-08-08      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                                                             | CUSIP: 25746UAV1<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    157000 | PA      | $158995.33    | 0.19%             | 2035-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL          | TotalEnergies Capital International SA                                          | CUSIP: 89153VAW9<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    105000 | PA      | $75261.22     | 0.09%             | 2060-06-29      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health            | CommonSpirit Health                                                             | CUSIP: 14916RAD6<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    175000 | PA      | $148110.40    | 0.18%             | 2042-11-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                    | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327M2K9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240897.92    | 0.29%             | 2025-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co        | Bristol-Myers Squibb Co                                                         | CUSIP: 110122AW8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    109000 | PA      | $107468.89    | 0.13%             | 2023-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                                                          | CUSIP: 91324PCZ3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $260437.33    | 0.32%             | 2047-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IBM CORP                       | International Business Machines Corp                                            | CUSIP: 459200JY8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292519.01    | 0.36%             | 2024-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ascension Health               | Ascension Health                                                                | CUSIP: 04351LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $79278.28     | 0.10%             | 2046-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC         | Williams Cos Inc/The                                                            | CUSIP: 96950FAF1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    273000 | PA      | $282967.00    | 0.35%             | 2040-04-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280CT4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $155355.42    | 0.19%             | 2032-05-24      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Appalachian Power Co           | Appalachian Power Co                                                            | CUSIP: 037735CU9<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |    175000 | PA      | $169447.28    | 0.21%             | 2025-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                 | Amazon.com Inc                                                                  | CUSIP: 023135BX3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    740000 | PA      | $659613.12    | 0.80%             | 2026-05-12      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Chubb INA Holdings Inc         | Chubb INA Holdings Inc                                                          | CUSIP: 00440EAR8<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343252.44    | 0.42%             | 2024-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co         | Commonwealth Edison Co                                                          | CUSIP: 202795JA9<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |     70000 | PA      | $57386.85     | 0.07%             | 2042-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| XLIT Ltd                       | XLIT Ltd                                                                        | CUSIP: 98420EAB1<br>LEI: 635400XCGXK8NVDIVE95 | Long             | DBT              | CORP              | KY        |    140000 | PA      | $138392.41    | 0.17%             | 2043-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROCKWELL AUTOMATION            | Rockwell Automation Inc                                                         | CUSIP: 773903AM1<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | DBT              | CORP              | US        |    160000 | PA      | $96775.86     | 0.12%             | 2061-08-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp               | BAT Capital Corp                                                                | CUSIP: 05526DBQ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     95000 | PA      | $75635.22     | 0.09%             | 2050-04-02      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                                   | CUSIP: 097023BA2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    186000 | PA      | $177212.28    | 0.22%             | 2040-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP            | Charles Schwab Corp/The                                                         | CUSIP: 808513BC8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    650000 | PA      | $643730.28    | 0.79%             | 2030-03-22      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC       | Constellation Brands Inc                                                        | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    300000 | PA      | $265929.10    | 0.32%             | 2029-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                        | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    175000 | PA      | $121553.72    | 0.15%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GJA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    380000 | PA      | $312391.16    | 0.38%             | 2051-03-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp          | Norfolk Southern Corp                                                           | CUSIP: 655844CB2<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     80000 | PA      | $66887.02     | 0.08%             | 2118-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                                                                    | CUSIP: 863667AJ0<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |     95000 | PA      | $85435.60     | 0.10%             | 2046-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                                                                  | CUSIP: 594918BX1<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    240000 | PA      | $235672.03    | 0.29%             | 2024-02-06      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                                                             | CUSIP: 002819AC4<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    166000 | PA      | $188089.60    | 0.23%             | 2037-11-30      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co       | Florida Power & Light Co                                                        | CUSIP: 341081FB8<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    175000 | PA      | $187214.02    | 0.23%             | 2039-04-01      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    630000 | PA      | $487970.36    | 0.60%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                                                     | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    215000 | PA      | $144994.52    | 0.18%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $189766.10    | 0.23%             | 2031-12-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                        | CUSIP: 00206RKB7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    365000 | PA      | $266281.48    | 0.32%             | 2060-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                    | Viatris Inc                                                                     | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    185000 | PA      | $147564.94    | 0.18%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING          | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAQ5<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $579268.25    | 0.71%             | 2024-11-28      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp                 | Whirlpool Corp                                                                  | CUSIP: 963320AR7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     87000 | PA      | $85841.37     | 0.10%             | 2024-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE            | Dow Chemical Co/The                                                             | CUSIP: 260543DC4<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    750000 | PA      | $599214.29    | 0.73%             | 2030-11-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Dupont De Nemours Inc          | DuPont de Nemours Inc                                                           | CUSIP: 26078JAF7<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135812.52    | 0.17%             | 2048-11-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL          | TotalEnergies Capital International SA                                          | CUSIP: 89153VAL3<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    350000 | PA      | $345628.93    | 0.42%             | 2024-04-10      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Invesco Finance PLC            | Invesco Finance PLC                                                             | CUSIP: 46132FAB6<br>LEI: 549300OYQ3LAJYXXO449 | Long             | DBT              | CORP              | GB        |    175000 | PA      | $172422.09    | 0.21%             | 2024-01-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP           | Boston Properties LP                                                            | CUSIP: 10112RAW4<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    300000 | PA      | $293948.21    | 0.36%             | 2024-02-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON            | Southern California Edison Co                                                   | CUSIP: 842400FA6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    126000 | PA      | $122200.86    | 0.15%             | 2035-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP        | Simon Property Group LP                                                         | CUSIP: 828807CR6<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    175000 | PA      | $172377.22    | 0.21%             | 2024-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                                    | CUSIP: 06738ECA1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $383140.70    | 0.47%             | 2033-08-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                     | PacifiCorp                                                                      | CUSIP: 695114CR7<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172409.99    | 0.21%             | 2024-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                               | CUSIP: 04010LBC6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    240000 | PA      | $179821.75    | 0.22%             | 2031-11-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                   | ING Groep NV                                                                    | CUSIP: 456837BB8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $186620.42    | 0.23%             | 2028-03-28      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                 | Microsoft Corp                                                                  | CUSIP: 594918CD4<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    350000 | PA      | $236539.03    | 0.29%             | 2060-06-01      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| KROGER CO                      | Kroger Co/The                                                                   | CUSIP: 501044CR0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    175000 | PA      | $161179.83    | 0.20%             | 2042-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corp           | Southern Copper Corp                                                            | CUSIP: 84265VAJ4<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114568.75    | 0.14%             | 2045-04-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                 | Salesforce Inc                                                                  | CUSIP: 79466LAF1<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193216.26    | 0.24%             | 2028-04-11      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL SPECIALTY F       | Bain Capital Specialty Finance Inc                                              | CUSIP: 05684BAC1<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |    185000 | PA      | $153540.08    | 0.19%             | 2026-10-13      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BOSTON SCIENTIFIC CORP         | Boston Scientific Corp                                                          | CUSIP: 101137AZ0<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | DBT              | CORP              | US        |    835000 | PA      | $779201.01    | 0.95%             | 2025-06-01      | Fixed         | 1.90%                 | 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