# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001410368-26-017747
**Filing Date:** 2026-2
**Character Count:** 129143
**Document Hash:** 5318b9f4ee64207359460777ea085c33
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-017747.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001410368-26-017747

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09253
- **FILM NUMBER:** 26674488

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

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

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

## Series and Classes Contracts Data

### Allspring Managed Account CoreBuilder Shares Series SP (Series ID: S000088769)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000255144 | CoreBuilder Shares Series SP | APSPX           |

## Nport-Ex

Portfolio of investments—December 31, 2025 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Agency securities: 3.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA%% | 5.00<br> %<br>| &nbsp;&nbsp; 1-15-2055 | $310000 | &nbsp;&nbsp; $309128 |
| &nbsp;&nbsp;&nbsp; GNMA%% | 5.00 | &nbsp;&nbsp; 1-15-2055 | 95000 | &nbsp;&nbsp; 94775 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50 | &nbsp;&nbsp; 12-20-2054 | 177334 | &nbsp;&nbsp; 179395 |
| &nbsp;&nbsp;&nbsp; GNMA%% | 5.50 | &nbsp;&nbsp; 1-15-2055 | 235000 | &nbsp;&nbsp; 237279 |
| **Total agency securities (Cost $816,089)** |  |  |  | &nbsp;&nbsp; **820577** |
| **Asset-backed securities: 26.98%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACREC LLC Series 2025-FL3 Class A (U.S. SOFR 1 <br> Month+1.31%)144A±<br>| 5.04 | &nbsp;&nbsp; 8-18-2042 | 100000 | &nbsp;&nbsp; 99783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AREIT Trust Series 2025-CRE11 Class A (U.S. SOFR 1 <br> Month+1.55%)144A±<br>| 5.55 | &nbsp;&nbsp; 7-25-2043 | 100000 | &nbsp;&nbsp; 100156 |
| &nbsp;&nbsp;&nbsp; Avant Loans Funding Trust Series 2024-REV1 Class B144A | 6.17 | &nbsp;&nbsp; 10-15-2033 | 350000 | &nbsp;&nbsp; 354758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC Series 2023-6A <br> Class A144A<br>| 5.81 | &nbsp;&nbsp; 12-20-2029 | 350000 | &nbsp;&nbsp; 363929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BDS LLC Series 2025-FL14 Class A (U.S. SOFR 1 <br> Month+1.28%)144A±<br>| 5.01 | &nbsp;&nbsp; 10-17-2042 | 100000 | &nbsp;&nbsp; 99970 |
| &nbsp;&nbsp;&nbsp; BHG Securitization Trust Series 2021-A Class A144A | 1.42 | &nbsp;&nbsp; 11-17-2033 | 105868 | &nbsp;&nbsp; 105132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brex Commercial Charge Card Master Trust Series 2024-1 <br> Class A1144A<br>| 6.05 | &nbsp;&nbsp; 7-15-2027 | 350000 | &nbsp;&nbsp; 351057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BSPRT Issuer LLC Series 2025-FL12 Class A (U.S. SOFR 1 <br> Month+1.39%)144A±<br>| 5.12 | &nbsp;&nbsp; 1-17-2043 | 205000 | &nbsp;&nbsp; 204854 |
| &nbsp;&nbsp;&nbsp; Carvana Auto Receivables Trust Series 2023-P1 Class A3144A | 5.98 | &nbsp;&nbsp; 12-10-2027 | 54148 | &nbsp;&nbsp; 54242 |
| &nbsp;&nbsp;&nbsp; Carvana Auto Receivables Trust Series 2024-P2 Class A3 | 5.33 | &nbsp;&nbsp; 7-10-2029 | 305261 | &nbsp;&nbsp; 307551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClickLease Equipment Receivables Trust Series 2024-1 <br> Class C144A<br>| 8.40 | &nbsp;&nbsp; 2-15-2030 | 296341 | &nbsp;&nbsp; 299916 |
| &nbsp;&nbsp;&nbsp; Cloud Capital Holdco LP Series 2024-1A Class A2144A | 5.78 | &nbsp;&nbsp; 11-22-2049 | 185000 | &nbsp;&nbsp; 186347 |
| &nbsp;&nbsp;&nbsp; CoreVest American Finance Trust Series 2021-3 Class B144A | 2.49 | &nbsp;&nbsp; 10-15-2054 | 300000 | &nbsp;&nbsp; 294208 |
| &nbsp;&nbsp;&nbsp; Driven Brands Funding LLC Series 2021-1A Class A2144A | 2.79 | &nbsp;&nbsp; 10-20-2051 | 327807 | &nbsp;&nbsp; 309667 |
| &nbsp;&nbsp;&nbsp; Exeter Automobile Receivables Trust Series 2021-3A Class D | 1.55 | &nbsp;&nbsp; 6-15-2027 | 112884 | &nbsp;&nbsp; 112070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gracie Point International Funding LLC Series 2025-1A Class A <br> (30 Day Average U.S. SOFR+1.50%)144A±<br>| 5.52 | &nbsp;&nbsp; 8-15-2028 | 105000 | &nbsp;&nbsp; 105171 |
| &nbsp;&nbsp;&nbsp; Lyra Music Assets Delaware LP Series 2024-2A Class A2144A | 5.76 | &nbsp;&nbsp; 12-22-2064 | 254330 | &nbsp;&nbsp; 257346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2021-FL7 Class E (U.S. SOFR 1 <br> Month+2.91%)144A±<br>| 6.65 | &nbsp;&nbsp; 10-16-2036 | 250000 | &nbsp;&nbsp; 244371 |
| &nbsp;&nbsp;&nbsp; Neighborly Issuer LLC Series 2023-1A Class A2144A | 7.31 | &nbsp;&nbsp; 1-30-2053 | 233400 | &nbsp;&nbsp; 236503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nissan Master Owner Trust Receivables Series 2024-A Class A <br> (30 Day Average U.S. SOFR+0.67%)144A±<br>| 4.65 | &nbsp;&nbsp; 2-15-2028 | 350000 | &nbsp;&nbsp; 350107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Financial Issuance Trust Series 2023-2A Class A2 (30 <br> Day Average U.S. SOFR+1.50%)144A±<br>| 5.48 | &nbsp;&nbsp; 9-15-2036 | 350000 | &nbsp;&nbsp; 353014 |
| &nbsp;&nbsp;&nbsp; PFS Financing Corp. Series 2025-D Class A144A | 4.47 | &nbsp;&nbsp; 5-15-2030 | 200000 | &nbsp;&nbsp; 202138 |
| &nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2024-CES2 Class A2144A±± | 6.39 | &nbsp;&nbsp; 4-25-2044 | 349530 | &nbsp;&nbsp; 353922 |
| &nbsp;&nbsp;&nbsp; SEB Funding LLC Series 2024-1A Class A2144A | 7.39 | &nbsp;&nbsp; 4-30-2054 | 160000 | &nbsp;&nbsp; 163662 |
| &nbsp;&nbsp;&nbsp; Service Experts Issuer LLC Series 2025-1A Class A144A | 5.38 | &nbsp;&nbsp; 1-20-2037 | 190527 | &nbsp;&nbsp; 190494 |
| &nbsp;&nbsp;&nbsp; Sotheby's ArtFi Master Trust Series 2024-1A Class A1144A | 6.43 | &nbsp;&nbsp; 12-22-2031 | 350000 | &nbsp;&nbsp; 351184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Ltd. Series 2022-FL3 Class A (30 Day Average <br> U.S. SOFR+1.35%)144A±<br>| 5.33 | &nbsp;&nbsp; 11-15-2038 | 97896 | &nbsp;&nbsp; 97977 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC Series 2024-3A Class A2I144A | 5.25 | &nbsp;&nbsp; 7-30-2054 | 143550 | &nbsp;&nbsp; 143037 |
| &nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2023-CES1 Class A1A144A±± | 6.75 | &nbsp;&nbsp; 7-25-2063 | 207532 | &nbsp;&nbsp; 208473 |

---

See accompanying notes to portfolio of investments

Allspring Managed Account CoreBuilder® Shares - Series SP \| 1

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture 44 CLO Ltd. Series 2021-44A Class A1NR (U.S. SOFR 3 <br> Month+1.14%)144A±<br>| 5.02<br> %<br>| &nbsp;&nbsp; 10-20-2034 | $350000 | &nbsp;&nbsp; $348356 |
| &nbsp;&nbsp;&nbsp; Westlake Flooring Master Trust Series 2024-1A Class B144A | 6.07 | &nbsp;&nbsp; 2-15-2028 | 350000 | &nbsp;&nbsp; 350595 |
| &nbsp;&nbsp;&nbsp; Zayo Issuer LLC Series 2025-1A Class A2144A | 5.65 | &nbsp;&nbsp; 3-20-2055 | 135000 | &nbsp;&nbsp; 137306 |
| **Total asset-backed securities (Cost $7,330,522)** |  |  |  | &nbsp;&nbsp; **7337296** |
| **Corporate bonds and notes: 18.82%** |  |  |  |  |
| **Basic materials: 1.00%** |  |  |  |  |
| **Chemicals: 1.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LYB International Finance III LLC | 5.13 | &nbsp;&nbsp; 1-15-2031 | 65000 | &nbsp;&nbsp; 65241 |
| &nbsp;&nbsp;&nbsp; Syensqo Finance America LLC144A | 5.65 | &nbsp;&nbsp; 6-4-2029 | 200000 | &nbsp;&nbsp; 207010 |
|  |  |  |  | &nbsp;&nbsp; **272251** |
| **Communications: 1.42%** |  |  |  |  |
| **Media: 0.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 6.10 | &nbsp;&nbsp; 6-1-2029 | 135000 | &nbsp;&nbsp; 140897 |
| &nbsp;&nbsp;&nbsp; Discovery Communications LLC | 3.63 | &nbsp;&nbsp; 5-15-2030 | 100000 | &nbsp;&nbsp; 92063 |
|  |  |  |  | &nbsp;&nbsp; **232960** |
| **Telecommunications: 0.56%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Frontier California, Inc. Series F | 6.75 | &nbsp;&nbsp; 5-15-2027 | 150000 | &nbsp;&nbsp; **153000** |
| **Consumer, cyclical: 3.20%** |  |  |  |  |
| **Airlines: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust Series 2015-1 Class A | 3.38 | &nbsp;&nbsp; 5-1-2027 | 94817 | &nbsp;&nbsp; 93591 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc./SkyMiles IP Ltd.144A | 4.75 | &nbsp;&nbsp; 10-20-2028 | 65000 | &nbsp;&nbsp; 65395 |
|  |  |  |  | &nbsp;&nbsp; **158986** |
| **Auto manufacturers: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 2.00 | &nbsp;&nbsp; 3-9-2026 | 100000 | &nbsp;&nbsp; **99351** |
| **Lodging: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 6.00 | &nbsp;&nbsp; 8-15-2029 | 180000 | &nbsp;&nbsp; **187878** |
| **Retail: 1.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | 5.95 | &nbsp;&nbsp; 3-9-2028 | 200000 | &nbsp;&nbsp; 204203 |
| &nbsp;&nbsp;&nbsp; AutoNation, Inc. | 4.45 | &nbsp;&nbsp; 1-15-2029 | 130000 | &nbsp;&nbsp; 130358 |
|  |  |  |  | &nbsp;&nbsp; **334561** |
| **Toys/games/hobbies: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mattel, Inc. | 5.00 | &nbsp;&nbsp; 11-17-2030 | 20000 | &nbsp;&nbsp; 20138 |
| &nbsp;&nbsp;&nbsp; Mattel, Inc.144A | 5.88 | &nbsp;&nbsp; 12-15-2027 | 70000 | &nbsp;&nbsp; 70015 |
|  |  |  |  | &nbsp;&nbsp; **90153** |
| **Consumer, non-cyclical: 3.07%** |  |  |  |  |
| **Commercial services: 1.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. | 4.88 | &nbsp;&nbsp; 11-15-2030 | 200000 | &nbsp;&nbsp; 200223 |

---

See accompanying notes to portfolio of investments

2 \| Allspring Managed Account CoreBuilder® Shares - Series SP

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Commercial services**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; S&P Global, Inc.144A | 4.25<br> %<br>| &nbsp;&nbsp; 1-15-2031 | $200000 | &nbsp;&nbsp; $199947 |
| &nbsp;&nbsp;&nbsp; UL Solutions, Inc. | 6.50 | &nbsp;&nbsp; 10-20-2028 | 50000 | &nbsp;&nbsp; 52770 |
|  |  |  |  | &nbsp;&nbsp; **452940** |
| **Cosmetics/Personal Care: 0.57%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International <br> U.S. LLC144A<br>| 4.75 | &nbsp;&nbsp; 1-15-2029 | 70000 | &nbsp;&nbsp; 68976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International <br> U.S. LLC144A<br>| 5.60 | &nbsp;&nbsp; 1-15-2031 | 85000 | &nbsp;&nbsp; 85773 |
|  |  |  |  | &nbsp;&nbsp; **154749** |
| **Food: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mars, Inc.144A | 4.60 | &nbsp;&nbsp; 3-1-2028 | 100000 | &nbsp;&nbsp; **101370** |
| **Healthcare-products: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Baxter International, Inc. | 4.45 | &nbsp;&nbsp; 2-15-2029 | 125000 | &nbsp;&nbsp; **125307** |
| **Energy: 1.13%** |  |  |  |  |
| **Pipelines: 1.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP144A | 6.63 | &nbsp;&nbsp; 12-15-2028 | 300000 | &nbsp;&nbsp; **308903** |
| **Financial: 5.75%** |  |  |  |  |
| **Banks: 0.57%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Santander Holdings USA, Inc. (U.S. SOFR+1.61%)± | 5.47 | &nbsp;&nbsp; 3-20-2029 | 85000 | &nbsp;&nbsp; 86865 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+1.06%)± | 5.05 | &nbsp;&nbsp; 2-12-2031 | 65000 | &nbsp;&nbsp; 66764 |
|  |  |  |  | &nbsp;&nbsp; **153629** |
| **Diversified financial services: 1.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aircastle Ltd.144A | 6.50 | &nbsp;&nbsp; 7-18-2028 | 95000 | &nbsp;&nbsp; 99872 |
| &nbsp;&nbsp;&nbsp; Ares Finance Co. II LLC144A | 3.25 | &nbsp;&nbsp; 6-15-2030 | 40000 | &nbsp;&nbsp; 37922 |
| &nbsp;&nbsp;&nbsp; Citadel LP144A | 6.00 | &nbsp;&nbsp; 1-23-2030 | 55000 | &nbsp;&nbsp; 57454 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.144A | 2.88 | &nbsp;&nbsp; 10-15-2026 | 100000 | &nbsp;&nbsp; 98542 |
|  |  |  |  | &nbsp;&nbsp; **293790** |
| **Insurance: 2.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Athene Global Funding | 0.37 | &nbsp;&nbsp; 9-10-2026 | 100000 | &nbsp;&nbsp; 115706 |
| &nbsp;&nbsp;&nbsp; Fortitude Global Funding144A | 4.63 | &nbsp;&nbsp; 10-6-2028 | 45000 | &nbsp;&nbsp; 45009 |
| &nbsp;&nbsp;&nbsp; Lincoln Financial Global Funding144A | 4.63 | &nbsp;&nbsp; 8-18-2030 | 225000 | &nbsp;&nbsp; 226340 |
| &nbsp;&nbsp;&nbsp; NMI Holdings, Inc. | 6.00 | &nbsp;&nbsp; 8-15-2029 | 50000 | &nbsp;&nbsp; 51774 |
| &nbsp;&nbsp;&nbsp; PartnerRe Finance B LLC | 3.70 | &nbsp;&nbsp; 7-2-2029 | 115000 | &nbsp;&nbsp; 112195 |
| &nbsp;&nbsp;&nbsp; Protective Life Corp.144A | 4.70 | &nbsp;&nbsp; 1-15-2031 | 80000 | &nbsp;&nbsp; 80252 |
|  |  |  |  | &nbsp;&nbsp; **631276** |
| **Investment Companies: 0.90%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC | 5.10 | &nbsp;&nbsp; 1-15-2031 | 65000 | &nbsp;&nbsp; 64201 |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC | 5.88 | &nbsp;&nbsp; 3-1-2029 | 55000 | &nbsp;&nbsp; 56421 |
| &nbsp;&nbsp;&nbsp; Blue Owl Capital Corp. BDC | 5.95 | &nbsp;&nbsp; 3-15-2029 | 80000 | &nbsp;&nbsp; 80734 |
| &nbsp;&nbsp;&nbsp; MSD Investment Corp. BDC144A | 6.13 | &nbsp;&nbsp; 2-5-2031 | 45000 | &nbsp;&nbsp; 44669 |
|  |  |  |  | &nbsp;&nbsp; **246025** |

---

See accompanying notes to portfolio of investments

Allspring Managed Account CoreBuilder® Shares - Series SP \| 3

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **REITs: 0.88%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Tower Trust #1144A | 5.49<br> %<br>| &nbsp;&nbsp; 3-15-2028 | $35000 | &nbsp;&nbsp; $35586 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.30 | &nbsp;&nbsp; 3-15-2028 | 100000 | &nbsp;&nbsp; 105424 |
| &nbsp;&nbsp;&nbsp; Piedmont Operating Partnership LP | 9.25 | &nbsp;&nbsp; 7-20-2028 | 35000 | &nbsp;&nbsp; 38672 |
| &nbsp;&nbsp;&nbsp; WEA Finance LLC144A | 2.88 | &nbsp;&nbsp; 1-15-2027 | 60000 | &nbsp;&nbsp; 59054 |
|  |  |  |  | &nbsp;&nbsp; **238736** |
| **Industrial: 1.38%** |  |  |  |  |
| **Engineering & construction: 0.71%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; MasTec, Inc.144A | 4.50 | &nbsp;&nbsp; 8-15-2028 | 195000 | &nbsp;&nbsp; **193780** |
| **Miscellaneous manufacturing: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 4.75 | &nbsp;&nbsp; 4-15-2029 | 110000 | &nbsp;&nbsp; **110240** |
| **Packaging & containers: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AptarGroup, Inc. | 4.75 | &nbsp;&nbsp; 3-30-2031 | 70000 | &nbsp;&nbsp; **70494** |
| **Technology: 0.55%** |  |  |  |  |
| **Computers: 0.55%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dell International LLC/EMC Corp. | 4.50 | &nbsp;&nbsp; 2-15-2031 | 150000 | &nbsp;&nbsp; **149786** |
| **Utilities: 1.32%** |  |  |  |  |
| **Electric: 1.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | 3.10 | &nbsp;&nbsp; 6-15-2028 | 100000 | &nbsp;&nbsp; 118302 |
| &nbsp;&nbsp;&nbsp; Niagara Mohawk Power Corp.144A | 4.65 | &nbsp;&nbsp; 10-3-2030 | 125000 | &nbsp;&nbsp; 125772 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 3.70 | &nbsp;&nbsp; 1-30-2027 | 10000 | &nbsp;&nbsp; 9930 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 5.00 | &nbsp;&nbsp; 7-31-2027 | 105000 | &nbsp;&nbsp; 105241 |
|  |  |  |  | &nbsp;&nbsp; **359245** |
| **Total corporate bonds and notes (Cost $5,056,633)** |  |  |  | &nbsp;&nbsp; **5119410** |
| **Foreign corporate bonds and notes: 2.62%** |  |  |  |  |
| **Communications: 0.47%** |  |  |  |  |
| **Telecommunications: 0.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Fibercop SpA | 1.63 | &nbsp;&nbsp; 1-18-2029 | 100000 | &nbsp;&nbsp; 110323 |
| &nbsp;&nbsp;&nbsp; Lorca Telecom Bondco SA | 4.00 | &nbsp;&nbsp; 9-18-2027 | 14894 | &nbsp;&nbsp; 17498 |
|  |  |  |  | &nbsp;&nbsp; **127821** |
| **Consumer, cyclical: 0.45%** |  |  |  |  |
| **Leisure time: 0.45%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TUI AG | 5.88 | &nbsp;&nbsp; 3-15-2029 | 100000 | &nbsp;&nbsp; **121576** |
| **Consumer, non-cyclical: 0.84%** |  |  |  |  |
| **Commercial services: 0.84%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Amber Finco PLC | 6.63 | &nbsp;&nbsp; 7-15-2029 | 100000 | &nbsp;&nbsp; 123408 |
| &nbsp;&nbsp;&nbsp; Worldline SA | 4.13 | &nbsp;&nbsp; 9-12-2028 | 100000 | &nbsp;&nbsp; 105856 |
|  |  |  |  | &nbsp;&nbsp; **229264** |
| **Financial: 0.43%** |  |  |  |  |
| **Real estate: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aroundtown SA | 3.50 | &nbsp;&nbsp; 5-13-2030 | 100000 | &nbsp;&nbsp; **116083** |

---

See accompanying notes to portfolio of investments

4 \| Allspring Managed Account CoreBuilder® Shares - Series SP

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Industrial: 0.43%** |  |  |  |  |
| **Building materials: 0.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Heidelberg Materials Finance Luxembourg SA | 3.00<br> %<br>| &nbsp;&nbsp; 7-10-2030 | 100000 | &nbsp;&nbsp; $**117242** |
| **Total foreign corporate bonds and notes (Cost $685,304)** |  |  |  | &nbsp;&nbsp; **711986** |
| **Foreign government bonds: 5.63%** |  |  |  |  |
| **Australia: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | 2.75 | &nbsp;&nbsp; 11-21-2027 | 100000 | &nbsp;&nbsp; 65169 |
| &nbsp;&nbsp;&nbsp; New South Wales Treasury Corp. | 3.00 | &nbsp;&nbsp; 4-20-2029 | 105000 | &nbsp;&nbsp; 67088 |
| &nbsp;&nbsp;&nbsp; Queensland Treasury Corp.144A | 3.50 | &nbsp;&nbsp; 8-21-2030 | 105000 | &nbsp;&nbsp; 66881 |
|  |  |  |  | &nbsp;&nbsp; **199138** |
| **Brazil: 1.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil | 10.00 | &nbsp;&nbsp; 1-1-2027 | 2000000 | &nbsp;&nbsp; **353559** |
| **Colombia: 0.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colombia TES | 5.75 | &nbsp;&nbsp; 11-3-2027 | 560000000 | &nbsp;&nbsp; **134126** |
| **Czech Republic: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Czech Republic | 5.00 | &nbsp;&nbsp; 9-30-2030 | 1330000 | &nbsp;&nbsp; **67350** |
| **France: 1.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; French Republic144A | 2.70 | &nbsp;&nbsp; 2-25-2031 | 260000 | &nbsp;&nbsp; **303389** |
| **Luxembourg: 0.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; European Union | 2.63 | &nbsp;&nbsp; 7-4-2028 | 115000 | &nbsp;&nbsp; **136181** |
| **Mexico: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mexico Bonos | 8.50 | &nbsp;&nbsp; 2-28-2030 | 1215000 | &nbsp;&nbsp; **67643** |
| **Singapore: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Singapore | 2.88 | &nbsp;&nbsp; 9-1-2027 | 85000 | &nbsp;&nbsp; **67623** |
| **Spain: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spain144A | 1.25 | &nbsp;&nbsp; 10-31-2030 | 60000 | &nbsp;&nbsp; **66153** |
| **United Kingdom: 0.50%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.K. Gilts | 4.13 | &nbsp;&nbsp; 7-22-2029 | 100000 | &nbsp;&nbsp; **135993** |
| **Total foreign government bonds (Cost $1,524,531)** |  |  |  | &nbsp;&nbsp; **1531155** |
| **Non-agency mortgage-backed securities: 20.96%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust Series 2024-NQM5 Class A1144A | 5.70 | &nbsp;&nbsp; 11-25-2069 | $286522 | &nbsp;&nbsp; 288429 |
| &nbsp;&nbsp;&nbsp; BAHA Trust Series 2024-MAR Class B144A±± | 6.84 | &nbsp;&nbsp; 12-10-2041 | 350000 | &nbsp;&nbsp; 366295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust Series 2023-NQM1 <br> Class A1144A±±<br>| 5.76 | &nbsp;&nbsp; 1-25-2063 | 322070 | &nbsp;&nbsp; 321046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2022-VAMF Class A (U.S. SOFR 1 <br> Month+0.85%)144A±<br>| 4.60 | &nbsp;&nbsp; 1-15-2039 | 260000 | &nbsp;&nbsp; 259842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2024-BIO Class A (U.S. SOFR 1 <br> Month+1.64%)144A±<br>| 5.39 | &nbsp;&nbsp; 2-15-2041 | 350000 | &nbsp;&nbsp; 349241 |

---

See accompanying notes to portfolio of investments

Allspring Managed Account CoreBuilder® Shares - Series SP \| 5

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2025-DELC Class C (U.S. SOFR 1 <br> Month+2.20%)144A±<br>| 6.16<br> %<br>| &nbsp;&nbsp; 12-15-2042 | $100000 | &nbsp;&nbsp; $100249 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2018-RPL9 Class A144A±± | 3.85 | &nbsp;&nbsp; 9-25-2057 | 304228 | &nbsp;&nbsp; 294631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance of America Structured Securities Trust Series 2025-S1 <br> Class A1144A<br>| 3.50 | &nbsp;&nbsp; 2-25-2075 | 234485 | &nbsp;&nbsp; 227845 |
| &nbsp;&nbsp;&nbsp; GCAT Trust Series 2022-NQM3 Class A1144A±± | 4.35 | &nbsp;&nbsp; 4-25-2067 | 318984 | &nbsp;&nbsp; 317951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust Series 2024-RPL4 <br> Class A1144A±±<br>| 3.90 | &nbsp;&nbsp; 9-25-2061 | 316301 | &nbsp;&nbsp; 311848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HAVN Trust Series 2025-MOB Class B (U.S. SOFR 1 <br> Month+2.40%)144A±<br>| 6.15 | &nbsp;&nbsp; 10-15-2035 | 125000 | &nbsp;&nbsp; 124840 |
| &nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2025-7MPR Class A1D144A±± | 5.32 | &nbsp;&nbsp; 2-25-2056 | 117814 | &nbsp;&nbsp; 117919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Bank of America Merrill Lynch Trust Series 2016-<br> C30 Class B±±<br>| 3.31 | &nbsp;&nbsp; 9-15-2049 | 270000 | &nbsp;&nbsp; 257424 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust Series 2014-150E Class A144A | 3.91 | &nbsp;&nbsp; 9-9-2032 | 270000 | &nbsp;&nbsp; 243584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust Series 2019-RPL3 <br> Class A1144A±±<br>| 2.75 | &nbsp;&nbsp; 7-25-2059 | 112773 | &nbsp;&nbsp; 109327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust Series 2020-RPL1 <br> Class A1144A±±<br>| 2.75 | &nbsp;&nbsp; 11-25-2059 | 37496 | &nbsp;&nbsp; 36209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OBX Trust Series 2020-EXP1 Class 2A1 (U.S. SOFR 1 <br> Month+0.86%)144A±<br>| 4.60 | &nbsp;&nbsp; 2-25-2060 | 270837 | &nbsp;&nbsp; 265978 |
| &nbsp;&nbsp;&nbsp; OBX Trust Series 2022-NQM7 Class A1144A±± | 5.11 | &nbsp;&nbsp; 8-25-2062 | 212990 | &nbsp;&nbsp; 212824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; One New York Plaza Trust Series 2020-1NYP Class A (U.S. SOFR 1 <br> Month+1.06%)144A±<br>| 4.82 | &nbsp;&nbsp; 1-15-2036 | 350000 | &nbsp;&nbsp; 343305 |
| &nbsp;&nbsp;&nbsp; PRKCM Trust Series 2022-AFC1 Class A1A144A±± | 4.10 | &nbsp;&nbsp; 4-25-2057 | 135552 | &nbsp;&nbsp; 135326 |
| &nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2024-CES9 Class A1A144A±± | 5.58 | &nbsp;&nbsp; 12-25-2044 | 275738 | &nbsp;&nbsp; 278559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust Series 2020-1 <br> Class A3144A±±<br>| 2.56 | &nbsp;&nbsp; 2-25-2050 | 292431 | &nbsp;&nbsp; 281526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust Series 2025-DATA Class C <br> (U.S. SOFR 1 Month+2.09%)144A±<br>| 5.84 | &nbsp;&nbsp; 2-15-2042 | 460000 | &nbsp;&nbsp; 455560 |
| **Total non-agency mortgage-backed securities (Cost $5,684,285)** |  |  |  | &nbsp;&nbsp; **5699758** |
| **U.S. Treasury securities: 16.52%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.50 | &nbsp;&nbsp; 12-15-2028 | 1122000 | &nbsp;&nbsp; 1120685 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.63 | &nbsp;&nbsp; 8-31-2027 | 1475000 | &nbsp;&nbsp; 1478284 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes## | 3.75 | &nbsp;&nbsp; 6-30-2027 | 1585000 | &nbsp;&nbsp; 1591130 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.88 | &nbsp;&nbsp; 3-31-2027 | 300000 | &nbsp;&nbsp; 301301 |
| **Total U.S. Treasury securities (Cost $4,479,079)** |  |  |  | &nbsp;&nbsp; **4491400** |
| **Yankee corporate bonds and notes: 4.03%** |  |  |  |  |
| **Communications: 0.20%** |  |  |  |  |
| **Media: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Videotron Ltd.144A | 3.63 | &nbsp;&nbsp; 6-15-2029 | 55000 | &nbsp;&nbsp; **53494** |
| **Consumer, cyclical: 0.13%** |  |  |  |  |
| **Apparel: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Gildan Activewear, Inc.144A | 4.70 | &nbsp;&nbsp; 10-7-2030 | 35000 | &nbsp;&nbsp; **34828** |

---

See accompanying notes to portfolio of investments

6 \| Allspring Managed Account CoreBuilder® Shares - Series SP

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Consumer, non-cyclical: 0.76%** |  |  |  |  |
| **Pharmaceuticals: 0.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV | 6.75<br> %<br>| &nbsp;&nbsp; 3-1-2028 | $200000 | &nbsp;&nbsp; **$207564** |
| **Financial: 1.13%** |  |  |  |  |
| **Diversified financial services: 1.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 5.75 | &nbsp;&nbsp; 11-15-2029 | 35000 | &nbsp;&nbsp; 36311 |
| &nbsp;&nbsp;&nbsp; Brookfield Asset Management Ltd. | 4.65 | &nbsp;&nbsp; 11-15-2030 | 270000 | &nbsp;&nbsp; 271935 |
|  |  |  |  | &nbsp;&nbsp; **308246** |
| **Government securities: 0.73%** |  |  |  |  |
| **Multi-national: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Banque Ouest Africaine de Developpement144A | 5.00 | &nbsp;&nbsp; 7-27-2027 | 200000 | &nbsp;&nbsp; **199290** |
| **Industrial: 0.41%** |  |  |  |  |
| **Electronics: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Flex Ltd. | 4.88 | &nbsp;&nbsp; 6-15-2029 | 110000 | &nbsp;&nbsp; **111509** |
| **Utilities: 0.67%** |  |  |  |  |
| **Electric: 0.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Emera, Inc. Series 16-A (U.S. SOFR 3 Month+5.44%)± | 6.75 | &nbsp;&nbsp; 6-15-2076 | 180000 | &nbsp;&nbsp; **180824** |
| **Total yankee corporate bonds and notes (Cost $1,089,346)** |  |  |  | &nbsp;&nbsp; **1095755** |
| **Yankee government bonds: 0.73%** |  |  |  |  |
| **Mexico: 0.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mexico | 4.75 | &nbsp;&nbsp; 3-22-2031 | 200000 | &nbsp;&nbsp; **197600** |
| **Total yankee government bonds (Cost $199,297)** |  |  |  | &nbsp;&nbsp; **197600** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 1.46%** |  |  |  |  |
| **Investment companies: 1.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## |  | 3.71 | 396730 | &nbsp;&nbsp; **396730** |
| **Total short-term investments (Cost $396,730)** |  |  |  | &nbsp;&nbsp; **396730** |
| **Total investments in securities (Cost $27,261,816)** | 100.77<br> %<br>|  |  | &nbsp;&nbsp; 27401667 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | (0.77)<br>|  |  | &nbsp;&nbsp; (208169)<br>|
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$27193498** |

---

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

---

| | |
|:---|:---|
| %% | The security is purchased on a when-issued basis. |
| 144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| ±± | The coupon of the security is adjusted based on the principal and/or interest payments received from the underlying pool of mortgages as well as the credit quality <br> and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end.<br>|
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |
| ♠ | The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
| ∞ | The rate represents the 7-day annualized yield at period end. |

---

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

See accompanying notes to portfolio of investments

Allspring Managed Account CoreBuilder® Shares - Series SP \| 7

------

Portfolio of investments—December 31, 2025 (unaudited)

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| AUD | Australian dollar |
| BDC | Business Development Company |
| BRL | Brazilian real |
| CLO | Collateralized loan obligation |
| COP | Colombian peso |
| CZK | Czech Republic koruna |
| EUR | Euro |
| FNMA | Federal National Mortgage Association |
| GBP | Great British pound |
| GNMA | Government National Mortgage Association |
| MXN | Mexican peso |
| REIT | Real estate investment trust |
| SGD | Singapore dollar |
| SOFR | Secured Overnight Financing Rate |

---

**Investments in affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp; Allspring Government Money Market Fund Select Class | $749683 | $3846872 | $(4199825)<br>| $0 | $0 | $396730 | 396730 | $4123 |

---

**Forward foreign currency contracts** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency to be <br>received | Currency to be <br>received | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| EUR | 85000 | USD | 99717 | Morgan Stanley, Inc. | 1-15-2026 | &nbsp;&nbsp;&nbsp; $223 | &nbsp;&nbsp;&nbsp; $0 |
| USD | 1498954 | EUR | 1273000 | Morgan Stanley, Inc. | 1-15-2026 | &nbsp;&nbsp;&nbsp; 2215 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 67292 | CZK | 1390000 | Bank of New York Mellon Corp. | 1-20-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (340)<br>|
| USD | 193186 | AUD | 292500 | Bank of New York Mellon Corp. | 2-17-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (2045)<br>|
| USD | 143160 | COP | 546000000 | Morgan Stanley, Inc. | 2-17-2026 | &nbsp;&nbsp;&nbsp; 1323 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 137392 | GBP | 103000 | Bank of New York Mellon Corp. | 2-17-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (1435)<br>|
| USD | 349118 | BRL | 1925000 | Bank of New York Mellon Corp. | 3-16-2026 | &nbsp;&nbsp;&nbsp; 3520 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 70164 | SGD | 90000 | Bank of New York Mellon Corp. | 3-23-2026 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (207)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; **$7281** | &nbsp;&nbsp;&nbsp; **$(4027)**<br>|

---

**Futures contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp; Notional <br>cost<br>| &nbsp;&nbsp; Notional <br>value<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| **Long** |  |  |  |  |  |  |
| &nbsp;&nbsp; 2-Year U.S. Treasury Notes | &nbsp;&nbsp; 93 | &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; $19415899 | &nbsp;&nbsp; $19417383 | &nbsp;&nbsp; $1484 | &nbsp;&nbsp; $0 |
| **Short** |  |  |  |  |  |  |
| &nbsp;&nbsp; 5-Year Euro-BOBL Futures | &nbsp;&nbsp; (4)<br>| &nbsp;&nbsp; 3-6-2026 | &nbsp;&nbsp; (547872)<br>| &nbsp;&nbsp; (546045)<br>| &nbsp;&nbsp; 1827 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 5-Year U.S. Treasury Notes | &nbsp;&nbsp; (128)<br>| &nbsp;&nbsp; 3-31-2026 | &nbsp;&nbsp; (14045565)<br>| &nbsp;&nbsp; (13991000)<br>| &nbsp;&nbsp; 54565 | &nbsp;&nbsp; 0 |
|  |  |  |  |  | &nbsp;&nbsp; **$57876** | &nbsp;&nbsp; **$0** |

---

See accompanying notes to portfolio of investments

8 \| Allspring Managed Account CoreBuilder® Shares - Series SP

------

Portfolio of investments—December 31, 2025 (unaudited)

**Centrally cleared credit default swap contracts** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference index | Fixed rate | &nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp; Maturity <br>date<br>| Notional <br>amount | Notional <br>amount | Value | Premiums <br>paid <br>(received)<br>| Unrealized <br>gains<br>| Unrealized <br>losses<br>|
| **Buy Protection** |  |  |  |  |  |  |  |  |  |
| Markit CDX North American High Yield Series 44  | 5.00% | Quarterly | 6-20-2030 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; $9696 | &nbsp;&nbsp; $7848 | &nbsp;&nbsp; $1848 | &nbsp;&nbsp; $0 |

---

See accompanying notes to portfolio of investments

Allspring Managed Account CoreBuilder® Shares - Series SP \| 9

------

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

Notes to portfolio of investments

Securities valuation

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

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

The values of securities denominated in foreign currencies are translated into U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee at Allspring Funds Management, LLC ("Allspring Funds Management").

Forward foreign currency contracts are recorded at the forward rate provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee at Allspring Funds Management.

Futures contracts that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price.

Swap contracts are valued at the evaluated price provided by an independent pricing service 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, which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management's process for determining the fair value of the portfolio of investments.

Foreign currency translation

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

When-issued transactions

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

Forward foreign currency contracts

A forward foreign currency contract is an agreement between two parties to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund enters into forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to attempt to minimize the risk to the Fund from adverse changes in the relationship between currencies. Forward foreign currency contracts are recorded at the forward rate and marked-to-market daily. When the contracts are closed, realized gains and losses arising from such transactions are recorded as realized gains or losses on forward foreign currency contracts. The Fund is subject to foreign currency risk and may be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably. The Fund's maximum risk of loss from counterparty credit risk is the unrealized gains on the contracts. This risk may be mitigated if there is a master netting arrangement between the Fund and the counterparty.

Futures contracts

Futures contracts are agreements between the Fund and a counterparty to buy or sell a specific amount of a commodity, financial instrument or currency at a specified price and on a specified date. The Fund may buy and sell futures contracts in order to gain exposure to, or protect against, changes in interest rates and is subject to interest rate risk. The primary risks associated with the use of futures contracts are the imperfect correlation between

10 \| Allspring Managed Account CoreBuilder® Shares - Series SP

------

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

changes in market values of securities held by the Fund and the prices of futures contracts, and the possibility of an illiquid market. Futures contracts are generally entered into on a regulated futures exchange and cleared through a clearinghouse associated with the exchange. With futures contracts, there is minimal counterparty risk to the Fund since futures contracts are exchange-traded and the exchange's clearinghouse, as the counterparty to all exchange-traded futures, guarantees the futures contracts against default.

Upon entering into a futures contract, the Fund is required to deposit either cash or securities (initial margin) with the broker in an amount equal to a certain percentage of the contract value. Subsequent payments (variation margin) are paid to or received from the broker each day equal to the daily changes in the contract value. Such payments are recorded as unrealized gains or losses and, if any, shown as variation margin receivable (payable). Should the Fund fail to make requested variation margin payments, the broker can gain access to the initial margin to satisfy the Fund's payment obligations. When the contracts are closed, a realized gain or loss is recorded.

Swap contracts

Swap contracts are agreements between the Fund and a counterparty to exchange a series of cash flows over a specified period. Swap agreements are privately negotiated contracts between the Fund that are entered into as bilateral contracts in the over-the-counter market or centrally cleared ("centrally cleared swaps") with a central clearinghouse.

The Fund entered into centrally cleared swaps. In a centrally cleared swap, immediately following execution of the swap contract, the swap contract is novated to a central counterparty (the "CCP") and the Fund's counterparty on the swap agreement becomes the CCP. Upon entering into a centrally cleared swap, the Fund is required to deposit an initial margin with the broker in the form of cash or securities. Securities deposited as initial margin are designated in the Portfolio of investments. Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in market value of the contract ("variation margin"). The variation margin is recorded as an unrealized gain (or loss) on centrally cleared swaps. Payments received from (paid to) the counterparty are recorded as realized gains (losses) when the contract is closed.

***Credit default swaps*** <br>The Fund may enter into credit default swaps for hedging or speculative purposes to provide or receive a measure of protection against default on a referenced entity, obligation or index or a basket of single-name issuers or traded indexes. An index credit default swap references all the names in the index, and if a credit event is triggered, the credit event is settled based on that name's weight in the index. Credit default swaps are agreements in which the protection buyer pays fixed periodic payments to the protection seller in consideration for a promise from the protection seller to make a specific payment should a negative credit event take place with respect to the referenced entity (e.g., bankruptcy, failure to pay, obligation acceleration, repudiation, moratorium or restructuring).

The Fund may enter into credit default swaps as either the seller of protection or the buyer of protection. If the Fund is the buyer of protection and a credit event occurs, the Fund will either receive from the seller an amount equal to the notional amount of the swap and deliver the referenced security or underlying securities comprising the index, or receive a net settlement of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the index. If the Fund is the seller of protection and a credit event occurs, the Fund will either pay the buyer an amount equal to the notional amount of the swap and take delivery of the referenced security or underlying securities comprising the index or pay a net settlement of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the index.

As the seller of protection, the Fund is subject to investment exposure on the notional amount of the swap and has assumed the risk of default of the underlying security or index. As the buyer of protection, the Fund could be exposed to risks if the seller of the protection defaults on its obligation to perform, or if there are unfavorable changes in the fluctuation of interest rates.

By entering into credit default swap contracts, the Fund is exposed to credit risk. In addition, certain credit default swap contracts entered into by the Fund provide for conditions that result in events of default or termination that enable the counterparty to the agreement to cause an early termination of the transactions under those agreements.

Fair valuation measurements

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

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

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

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

Allspring Managed Account CoreBuilder® Shares - Series SP \| 11

------

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

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

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Agency securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $820577 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $820577 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7337296 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7337296 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5119410 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5119410 |
| **Foreign corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 711986 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 711986 |
| **Foreign government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1531155 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1531155 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5699758 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5699758 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 4491400 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 4491400 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1095755 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1095755 |
| **Yankee government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 197600 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 197600 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 396730 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 396730 |
|  | &nbsp;&nbsp; 4888130 | &nbsp;&nbsp;&nbsp;&nbsp; 22513537 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 27401667 |
| **Forward foreign currency contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7281 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7281 |
| **Futures contracts** | &nbsp;&nbsp; 57876 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 57876 |
| **Swap contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1848 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1848 |
| **Total assets** | &nbsp;&nbsp; **$4946006** | &nbsp;&nbsp;&nbsp; **$22522666** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$27468672** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Forward foreign currency contracts** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $4027 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $4027 |
| **Total liabilities** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$4027** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$4027** |

---

Futures contracts, forward foreign currency contracts and swap contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the tables following the Portfolio of investments. All other assets and liabilities are reported at their market value at measurement date.

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

As of December 31, 2025, $185,000 was segregated as cash collateral for these open futures contracts and $8,653 was segregated as cash collateral for swap contracts.

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

12 \| Allspring Managed Account CoreBuilder® Shares - Series SP

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28203

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

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

- **a. Name of Series:** Allspring Managed Account CoreBuilder Shares - Series SP

- **b. EDGAR series identifier (if any):** S000088769

- **c. LEI of Series:** 254900L9GCRBWZ2FNC23

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $27838473.37

**Total Liabilities:** $645509.44

**Net Assets:** $27192963.93

**Cash Not Reported:** $134077.39

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -52.88000000 | **1-Year:** -1003.60000000 | **5-Year:** -1466.78000000 | **10-Year:** -236.90000000 | **30-Year:** -114.48000000

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

- **3-Month:** -38.88000000 | **1-Year:** -370.60000000 | **5-Year:** -482.44000000 | **10-Year:** -325.36000000 | **30-Year:** -212.63000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255144 | 0.32%                | 0.35%                | 0.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $55156.58                | $-90109.86                                 |
| Month 2  | $4324.05                 | $40654.90                                  |
| Month 3  | $13001.92                | $-15884.54                                 |

**Designated Index Information**

- **Index Name:** Bloomberg 1-3 Year U.S. Government/Credit Index

- **Index Identifier:** gcrd1-3_returns

### Schedule of Portfolio Investments

| Name                                                                                | Title                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A&D Mortgage Trust                                                                  | A&D Mortgage Trust 2024-NQM5                                                                                           | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |    286522 | PA      | $288428.52    | 1.06%             | 2069-11-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                                                           | Acrec 2025 Fl 3 LLC                                                                                                    | CUSIP: 00112HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99783.03     | 0.37%             | 2042-08-18      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                                  | Advance Auto Parts Inc                                                                                                 | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204203.20    | 0.75%             | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                                                       | Aircastle Ltd                                                                                                          | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |     95000 | PA      | $99872.23     | 0.37%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                           | Uniform Mortgage-Backed Security, TBA                                                                                  | CUSIP: 01F050619<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    310000 | PA      | $309128.13    | 1.14%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-1 A PTT                                                               | American Airlines 2015-1 Class A Pass Through Trust                                                                    | CUSIP: 023770AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     94817 | PA      | $93591.39     | 0.34%             | 2027-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER TRUST I                                                              | American Tower Trust #1                                                                                                | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              |  | US        |     35000 | PA      | $35586.10     | 0.13%             | 2028-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| APTARGROUP INC                                                                      | AptarGroup Inc                                                                                                         | CUSIP: 038336AB9<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70494.23     | 0.26%             | 2031-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                                                     | AREIT 2025-CRE11                                                                                                       | CUSIP: 04002DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100156.09    | 0.37%             | 2043-07-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                                   | Ares Capital Corp                                                                                                      | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56420.69     | 0.21%             | 2029-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                                   | Ares Capital Corp                                                                                                      | CUSIP: 04010LBL6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64201.05     | 0.24%             | 2031-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO II LLC                                                              | Ares Finance Co II LLC                                                                                                 | CUSIP: 04015KAB6<br>LEI: 54930012GWL4VKKENG46 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37921.94     | 0.14%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                                                      | AutoNation Inc                                                                                                         | CUSIP: 05329WAU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $130357.72    | 0.48%             | 2029-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                                                           | Avant Loans Funding Trust 2024-REV1                                                                                    | CUSIP: 05352UAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $354758.29    | 1.30%             | 2033-10-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                                                               | CUSIP: 05377RHG2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $363929.13    | 1.34%             | 2029-12-20      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                            | Avolon Holdings Funding Ltd                                                                                            | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     35000 | PA      | $36311.03     | 0.13%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                                                      | BAHA Trust 2024-MAR                                                                                                    | CUSIP: 05493XAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $366294.57    | 1.35%             | 2041-12-10      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-DELC                                                                                                     | CUSIP: 05594MAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100249.08    | 0.37%             | 2042-12-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                                                            | Brex Commercial Charge Card Master Trust                                                                               | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $351057.04    | 1.29%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2022-VAMF                                                                                                     | CUSIP: 05609TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $259842.02    | 0.96%             | 2039-01-15      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2024-BIO                                                                                                      | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $349240.71    | 1.28%             | 2041-02-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                                                                  | BSPRT 2025-FL12 Issuer LLC                                                                                             | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    205000 | PA      | $204854.05    | 0.75%             | 2043-01-17      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| BANQUE OUEST AFRICAINE D                                                            | Banque Ouest Africaine de Developpement                                                                                | CUSIP: 06675QAB9<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $199289.54    | 0.73%             | 2027-07-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                            | Baxter International Inc                                                                                               | CUSIP: 071813DC0<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125307.48    | 0.46%             | 2029-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                                                             | BDS 2025-FL14 LLC                                                                                                      | CUSIP: 072921AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99969.64     | 0.37%             | 2042-10-17      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust                                       | BHG Securitization Trust 2021-A                                                                                        | CUSIP: 08861YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105868 | PA      | $105131.87    | 0.39%             | 2033-11-17      | Fixed         | 1.42%                 | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Issuer LLC, Cristobal Issuer LLC & COPT DC-6 Issuer LLC | Cloud Capital Holdco LP                                                                                                | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185000 | PA      | $186346.95    | 0.69%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                            | Brandywine Operating Partnership LP                                                                                    | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    100000 | PA      | $105424.20    | 0.39%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                                     | BRAVO Residential Funding Trust 2023-NQM1                                                                              | CUSIP: 10568MAA2<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    322070 | PA      | $321045.68    | 1.18%             | 2063-01-25      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD ASSET MANAGEM                                                            | Brookfield Asset Management Ltd                                                                                        | CUSIP: 113004AB1<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |    270000 | PA      | $271935.20    | 1.00%             | 2030-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC 2018-RPL9 Trust                                                                                                   | CUSIP: 12654PAE8<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |    304228 | PA      | $294630.66    | 1.08%             | 2057-09-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                      | Carvana Auto Receivables Trust 2023-P1                                                                                 | CUSIP: 14688EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54148 | PA      | $54242.34     | 0.20%             | 2027-12-10      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                      | Carvana Auto Receivables Trust 2024-P2                                                                                 | CUSIP: 14688PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305261 | PA      | $307550.99    | 1.13%             | 2029-07-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $140896.66    | 0.52%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                                                          | Citadel LP                                                                                                             | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57454.15     | 0.21%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ClickLease Equipment Receivables 2024-1 Trust                                       | ClickLease Equipment Receivables 2024-1 Trust                                                                          | CUSIP: 18682FAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296341 | PA      | $299916.07    | 1.10%             | 2030-02-15      | Fixed         | 8.40%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Trust                                                     | CoreVest American Finance 2021-3 Trust                                                                                 | CUSIP: 21873NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $294208.26    | 1.08%             | 2054-10-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae                                                                                                             | CUSIP: 21H050615<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     95000 | PA      | $94775.46     | 0.35%             | 2055-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae                                                                                                             | CUSIP: 21H052611<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    235000 | PA      | $237278.65    | 0.87%             | 2055-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                                            | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                                                   | CUSIP: 222070AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $68975.46     | 0.25%             | 2029-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                                            | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                                                   | CUSIP: 22207AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $85773.14     | 0.32%             | 2031-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                             | Dell International LLC / EMC Corp                                                                                      | CUSIP: 24703DBS9<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149785.91    | 0.55%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                                            | Discovery Communications LLC                                                                                           | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92063.26     | 0.34%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED USD / SOLD EUR                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $2215.09      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED USD / SOLD COP                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $1322.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD BRL                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $3520.32      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD CZK                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-339.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD GBP                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-1435.36     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD SGD                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-206.76      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD AUD                                                                                               | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-2045.06     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED EUR / SOLD USD                                                                                               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | XX        |         1 | NC      | $222.44       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Driven Brands Funding, LLC                                                          | Driven Brands Funding LLC                                                                                              | CUSIP: 26209XAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    327807 | PA      | $309666.93    | 1.14%             | 2051-10-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| EMERA INC                                                                           | Emera Inc                                                                                                              | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |    180000 | PA      | $180823.86    | 0.66%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                                        | Entegris Inc                                                                                                           | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110240.02    | 0.41%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                                 | Exeter Automobile Receivables Trust 2021-3                                                                             | CUSIP: 30166AAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112884 | PA      | $112069.96    | 0.41%             | 2027-06-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust                                      | Finance Of America Structured Securities Trust Series 2025-S1                                                          | CUSIP: 31741BAB0<br>LEI: 254900W0S6GNEJ457023 | Long             | ABS-MBS          | CORP              | US        |    234485 | PA      | $227845.20    | 0.84%             | 2075-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                                                                            | Flex Ltd                                                                                                               | CUSIP: 33938XAA3<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |    110000 | PA      | $111508.53    | 0.41%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GLOBAL FUNDING                                                            | Fortitude Global Funding                                                                                               | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45008.87     | 0.17%             | 2028-10-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2022-NQM3 Trust                                                                                                   | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    318984 | PA      | $317951.22    | 1.17%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                                                                     | CUSIP: 3618N5C64<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    177334 | PA      | $179394.95    | 0.66%             | 2054-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER CALIFORNIA INC                                                             | Frontier California Inc                                                                                                | CUSIP: 362311AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $153000.00    | 0.56%             | 2027-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Trust 2024-RPL4                                                                          | CUSIP: 362948AA9<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |    316301 | PA      | $311848.43    | 1.15%             | 2061-09-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| GILDAN ACTIVEWEAR INC                                                               | Gildan Activewear Inc                                                                                                  | CUSIP: 375916AF0<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $34828.25     | 0.13%             | 2030-10-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                                 | Global Payments Inc                                                                                                    | CUSIP: 37940XAW2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200223.00    | 0.74%             | 2030-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                                                  | Gracie Point International Funding 2025-1 LLC                                                                          | CUSIP: 38411WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $105170.68    | 0.39%             | 2028-08-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| HAVN Trust                                                                          | HAVN Trust 2025-MOB                                                                                                    | CUSIP: 40408XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $124840.41    | 0.46%             | 2035-10-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-7MPR                                                                              | CUSIP: 46594CAE8<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    117814 | PA      | $117918.90    | 0.43%             | 2056-02-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                                 | Kinetik Holdings LP                                                                                                    | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308903.10    | 1.14%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                                                                 | LYB International Finance III LLC                                                                                      | CUSIP: 50249AAQ6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65241.16     | 0.24%             | 2031-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                | Las Vegas Sands Corp                                                                                                   | CUSIP: 517834AK3<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    180000 | PA      | $187877.93    | 0.69%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                                                            | Lincoln Financial Global Funding                                                                                       | CUSIP: 53359KAC5<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226340.21    | 0.83%             | 2030-08-18      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) LP                                                     | Lyra Music Assets Delaware LP                                                                                          | CUSIP: 552339AA1<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |    274606 | PA      | $277862.82    | 1.02%             | 2064-12-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                                         | MF1 2021-FL7 Ltd                                                                                                       | CUSIP: 55284AAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244370.91    | 0.90%             | 2036-10-16      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| MSD INVESTMENT CORP                                                                 | MSD Investment Corp                                                                                                    | CUSIP: 55354LAC3<br>LEI: 549300K4HV7AOWFSAO65 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44668.83     | 0.16%             | 2031-02-05      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                            | Mars Inc                                                                                                               | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101370.04    | 0.37%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                                                                          | MasTec Inc                                                                                                             | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193779.42    | 0.71%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                          | Mattel Inc                                                                                                             | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70014.71     | 0.26%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                          | Mattel Inc                                                                                                             | CUSIP: 577081BG6<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20138.69     | 0.07%             | 2030-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                                      | Morgan Stanley Capital I Trust 2014-150E                                                                               | CUSIP: 61764BAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $243584.04    | 0.90%             | 2032-09-09      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                           | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30                                                            | CUSIP: 61766NBF1<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $257423.99    | 0.95%             | 2049-09-15      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS                                                                        | NMI Holdings Inc                                                                                                       | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51774.00     | 0.19%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Neighborly Issuer LLC                                                               | Neighborly Issuer 2023-1                                                                                               | CUSIP: 64016NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233400 | PA      | $236503.01    | 0.87%             | 2053-01-30      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2020-RPL1                                                                          | CUSIP: 64828XAA1<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |     37496 | PA      | $36208.82     | 0.13%             | 2059-11-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2019-RPL3                                                                          | CUSIP: 64830NAA9<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |    112773 | PA      | $109326.82    | 0.40%             | 2059-07-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                                                                | Niagara Mohawk Power Corp                                                                                              | CUSIP: 653522DT6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125771.68    | 0.46%             | 2030-10-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                             | Nissan Motor Acceptance Co LLC                                                                                         | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99350.94     | 0.37%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Nissan Master Owner Trust Receivables                                               | Nissan Master Owner Trust Receivables                                                                                  | CUSIP: 65479VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $350107.42    | 1.29%             | 2028-02-15      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2022-NQM7 Trust                                                                                                    | CUSIP: 67117DAA8<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |    212990 | PA      | $212824.02    | 0.78%             | 2062-08-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2020-EXP1 Trust                                                                                                    | CUSIP: 67448TBE4<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |    270837 | PA      | $265977.57    | 0.98%             | 2060-02-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP                                                  | One New York Plaza Trust 2020-1NYP                                                                                     | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $343304.99    | 1.26%             | 2036-01-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                                    | OneMain Financial Issuance Trust 2023-2                                                                                | CUSIP: 68269HAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $353013.47    | 1.30%             | 2036-09-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                               | Blue Owl Capital Corp                                                                                                  | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80734.34     | 0.30%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                                                 | PFS Financing Corp                                                                                                     | CUSIP: 69335PFY6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202138.42    | 0.74%             | 2030-05-15      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                                         | PRKCM 2022-AFC1 Trust                                                                                                  | CUSIP: 69377CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135552 | PA      | $135326.41    | 0.50%             | 2057-04-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| PARTNERRE FINANCE B LLC                                                             | PartnerRe Finance B LLC                                                                                                | CUSIP: 70213BAB7<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112195.09    | 0.41%             | 2029-07-02      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                                                            | Piedmont Operating Partnership LP                                                                                      | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |     35000 | PA      | $38672.50     | 0.14%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE CORP                                                                | Protective Life Corp                                                                                                   | CUSIP: 743674BF9<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80252.04     | 0.30%             | 2031-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES2                                                                                          | CUSIP: 74938PAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    349530 | PA      | $353921.81    | 1.30%             | 2044-04-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES9                                                                                          | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275738 | PA      | $278559.44    | 1.02%             | 2044-12-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                                            | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                                                                    | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98541.35     | 0.36%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                                                      | S&P Global Inc                                                                                                         | CUSIP: 78409VBT0<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199947.28    | 0.74%             | 2031-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SEB Funding LLC                                                                     | SEB Funding LLC                                                                                                        | CUSIP: 78433DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $163661.70    | 0.60%             | 2054-04-30      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust                                                  | STWD 2022-FL3 Ltd                                                                                                      | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     97896 | PA      | $97976.55     | 0.36%             | 2038-11-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                                                      | SWCH Commercial Mortgage Trust 2025-DATA                                                                               | CUSIP: 78489CAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $455560.49    | 1.68%             | 2042-02-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                              | Santander Holdings USA Inc                                                                                             | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86864.84     | 0.32%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                                              | Service Experts Issuer 2025-1 LLC                                                                                      | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190527 | PA      | $190494.24    | 0.70%             | 2037-01-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                                            | Delta Air Lines Inc / SkyMiles IP Ltd                                                                                  | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     65000 | PA      | $65394.74     | 0.24%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SYENSQO FINANCE AMERICA                                                             | Syensqo Finance America LLC                                                                                            | CUSIP: 834423AE5<br>LEI: 54930073OEL5K0Y7NK81 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207010.04    | 0.76%             | 2029-06-04      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Sotheby's Artfi Master Trust 2024-A                                                 | Sotheby's Artfi Master Trust                                                                                           | CUSIP: 83589CAA6<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $351184.19    | 1.29%             | 2031-12-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                                 | Starwood Mortgage Residential Trust 2020-1                                                                             | CUSIP: 85573AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    292431 | PA      | $281526.50    | 1.04%             | 2050-02-25      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                                                  | Subway Funding LLC                                                                                                     | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    143550 | PA      | $143037.38    | 0.53%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                                             | Teva Pharmaceutical Finance Netherlands III BV                                                                         | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $207564.49    | 0.76%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2023-CES1                                                                                    | CUSIP: 89181XAM3<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |    207532 | PA      | $208473.36    | 0.77%             | 2063-07-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| UL SOLUTIONS INC                                                                    | UL Solutions Inc                                                                                                       | CUSIP: 903731AC1<br>LEI: 549300F7CUV5ESKV9P71 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52769.50     | 0.19%             | 2028-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                               | Mexico Government International Bond                                                                                   | CUSIP: 91087BBJ8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $197600.00    | 0.73%             | 2031-03-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                          | US Bancorp                                                                                                             | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66764.81     | 0.25%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $301300.78    | 1.11%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1585000 | PA      | $1591129.50   | 5.85%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1475000 | PA      | $1478284.18   | 5.44%             | 2027-08-31      | Fixed         | 3.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                                                    | CUSIP: 91282CPP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1122000 | PA      | $1120685.15   | 4.12%             | 2028-12-15      | Fixed         | 3.50%                 | No            |                  1 | On Loan: No      |
| Venture CDO Ltd                                                                     | Venture 44 CLO Ltd                                                                                                     | CUSIP: 92332KAQ4<br>LEI: 5493005RF0X3GB54HH60 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $348355.70    | 1.28%             | 2034-10-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD                                                                       | Videotron Ltd                                                                                                          | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $53493.71     | 0.20%             | 2029-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                                         | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105241.57    | 0.39%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                            | Vistra Operations Co LLC                                                                                               | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9929.90      | 0.04%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC                                                                     | WEA Finance LLC                                                                                                        | CUSIP: 92928QAH1<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              |  | US        |     60000 | PA      | $59053.55     | 0.22%             | 2027-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                                        | Fibercop SpA                                                                                                           | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $110322.98    | 0.41%             | 2029-01-18      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Westlake Flooring Master Trust                                                      | Westlake Flooring Master Trust                                                                                         | CUSIP: 96043GAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $350594.48    | 1.29%             | 2028-02-15      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                                      | ALLSPRING GOVERNMENT MONEY MAR                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    396730 | NS      | $396729.96    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Zayo Issuer LLC                                                                     | Zayo Issuer LLC                                                                                                        | CUSIP: 98919WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $137305.60    | 0.50%             | 2055-03-20      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                     | Long: SPED05UQ1 CDS USD R F  5.00000 SPED05UQ1_FEE CCPCDX / Short: SPED05UQ1 CDS USD P V 03MEVENT SPED05UQ1_PRO CCPCDX | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    120000 | OU      | $9513.20      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                                            | Brazil Notas do Tesouro Nacional Serie F                                                                               | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2000000 | PA      | $353558.80    | 1.30%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORP                                                            | Queensland Treasury Corp                                                                                               | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |    105000 | PA      | $66880.69     | 0.25%             | 2030-08-21      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| NEW S WALES TREASURY CRP                                                            | New South Wales Treasury Corp                                                                                          | CUSIP: 000000000<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |    105000 | PA      | $67088.10     | 0.25%             | 2029-04-20      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                                                | Colombian TES                                                                                                          | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 560000000 | PA      | $134126.46    | 0.49%             | 2027-11-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                               | Athene Global Funding                                                                                                  | CUSIP: 000000000<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    100000 | PA      | $115705.48    | 0.43%             | 2026-09-10      | Fixed         | 0.37%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                                    | Duke Energy Corp                                                                                                       | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $118302.08    | 0.44%             | 2028-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                                                                      | Czech Republic Government Bond                                                                                         | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |   1330000 | PA      | $67349.63     | 0.25%             | 2030-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Singapore Government Bonds                                                          | Singapore Government Bonds                                                                                             | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |     85000 | PA      | $67623.07     | 0.25%             | 2027-09-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                                                                 | Worldline SA/France                                                                                                    | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $105856.19    | 0.39%             | 2028-09-12      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| TUI AG                                                                              | TUI AG                                                                                                                 | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $121575.97    | 0.45%             | 2029-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AMBER FINCO PLC                                                                     | Amber Finco PLC                                                                                                        | CUSIP: 000000000<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $123407.54    | 0.45%             | 2029-07-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| EUROPEAN UNION                                                                      | European Union                                                                                                         | CUSIP: 000000000<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | XX        |    115000 | PA      | $136181.48    | 0.50%             | 2028-07-04      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                                             | Mexican Bonos                                                                                                          | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1215000 | PA      | $67642.59     | 0.25%             | 2030-02-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT                                                | French Republic Government Bonds OAT                                                                                   | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    260000 | PA      | $303388.69    | 1.12%             | 2031-02-25      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| AROUNDTOWN SA                                                                       | Aroundtown SA                                                                                                          | CUSIP: 000000000<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $116083.18    | 0.43%             | 2030-05-13      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| HEIDELBERG MATERIALS FIN                                                            | Heidelberg Materials Finance Luxembourg SA                                                                             | CUSIP: 000000000<br>LEI: 529900RYHTCF5X9DD509 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $117241.68    | 0.43%             | 2030-07-10      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BOBL FUTURE MAR26                                                                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -4 | NC      | $1826.73      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US 5YR NOTE (CBT) MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -128 | NC      | $54564.63     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US 2YR NOTE (CBT) MAR26                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        93 | NC      | $1484.39      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Spain Government Bonds                                                              | Spain Government Bonds                                                                                                 | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     60000 | PA      | $66152.95     | 0.24%             | 2030-10-31      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                                                                | Lorca Telecom Bondco SA                                                                                                | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |     14894 | PA      | $17498.09     | 0.06%             | 2027-09-18      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| U.K. Gilts                                                                          | U.K. Gilts                                                                                                             | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    100000 | PA      | $135993.11    | 0.50%             | 2029-07-22      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Australia Government Bonds                                                          | Australia Government Bonds                                                                                             | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |    100000 | PA      | $65169.40     | 0.24%             | 2027-11-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer