# EDGAR Filing Document

**Accession Number:** 0001081400
**File Stem:** 0001752724-25-203573
**Filing Date:** 2025-8
**Character Count:** 104853
**Document Hash:** a422984d66ffc610be9142a7b723be21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203573.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203573

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250930

**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:** 251253271

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

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

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

## Series and Classes Contracts Data

### Allspring 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—June 30, 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: 1.94%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA%% | 6.50<br> %<br>| &nbsp;&nbsp; 7-15-2054 | $300000 | &nbsp;&nbsp; $309743 |
| &nbsp;&nbsp;&nbsp; GNMA | 5.50 | &nbsp;&nbsp; 12-20-2054 | 201704 | &nbsp;&nbsp; 202092 |
| **Total agency securities (Cost $507,936)** |  |  |  | &nbsp;&nbsp; **511835** |
| **Asset-backed securities: 26.84%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AmeriCredit Automobile Receivables Trust Series 2024-1 <br> Class A2B (30 Day Average U.S. SOFR+0.60%)±<br>| 4.90 | &nbsp;&nbsp; 2-18-2028 | 138265 | &nbsp;&nbsp; 138332 |
| &nbsp;&nbsp;&nbsp; Avant Loans Funding Trust Series 2024-REV1 Class B144A | 6.17 | &nbsp;&nbsp; 10-15-2033 | 350000 | &nbsp;&nbsp; 355329 |
| &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; 363522 |
| &nbsp;&nbsp;&nbsp; BHG Securitization Trust Series 2021-A Class A144A | 1.42 | &nbsp;&nbsp; 11-17-2033 | 210811 | &nbsp;&nbsp; 207159 |
| &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; 352680 |
| &nbsp;&nbsp;&nbsp; Carvana Auto Receivables Trust Series 2023-P1 Class A3144A | 5.98 | &nbsp;&nbsp; 12-10-2027 | 193331 | &nbsp;&nbsp; 194218 |
| &nbsp;&nbsp;&nbsp; Carvana Auto Receivables Trust Series 2024-P2 Class A3 | 5.33 | &nbsp;&nbsp; 7-10-2029 | 340000 | &nbsp;&nbsp; 343513 |
| &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 | 375000 | &nbsp;&nbsp; 381685 |
| &nbsp;&nbsp;&nbsp; Cloud Capital Holdco LP Series 2024-1A Class A2144A | 5.78 | &nbsp;&nbsp; 11-22-2049 | 375000 | &nbsp;&nbsp; 379905 |
| &nbsp;&nbsp;&nbsp; CoreVest American Finance Trust Series 2021-3 Class B144A | 2.49 | &nbsp;&nbsp; 10-15-2054 | 300000 | &nbsp;&nbsp; 291664 |
| &nbsp;&nbsp;&nbsp; Driven Brands Funding LLC Series 2021-1A Class A2144A | 2.79 | &nbsp;&nbsp; 10-20-2051 | 329557 | &nbsp;&nbsp; 307985 |
| &nbsp;&nbsp;&nbsp; Exeter Automobile Receivables Trust Series 2021-3A Class D | 1.55 | &nbsp;&nbsp; 6-15-2027 | 198369 | &nbsp;&nbsp; 194975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HGI CRE CLO Ltd. Series 2021-FL2 Class A (U.S. SOFR 1 <br> Month+1.11%)144A±<br>| 5.43 | &nbsp;&nbsp; 9-17-2036 | 227644 | &nbsp;&nbsp; 226871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetroNet Infrastructure Issuer LLC Series 2023-1A <br> Class A2144A<br>| 6.56 | &nbsp;&nbsp; 4-20-2053 | 170000 | &nbsp;&nbsp; 174031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2021-FL7 Class E (U.S. SOFR 1 <br> Month+2.91%)144A±<br>| 7.23 | &nbsp;&nbsp; 10-16-2036 | 250000 | &nbsp;&nbsp; 244054 |
| &nbsp;&nbsp;&nbsp; Neighborly Issuer LLC Series 2023-1A Class A2144A | 7.31 | &nbsp;&nbsp; 1-30-2053 | 234600 | &nbsp;&nbsp; 239307 |
| &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>| 4.97 | &nbsp;&nbsp; 2-15-2028 | 350000 | &nbsp;&nbsp; 350264 |
| &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>| 5.80 | &nbsp;&nbsp; 9-15-2036 | 350000 | &nbsp;&nbsp; 355937 |
| &nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2024-CES2 Class A2144A±± | 6.39 | &nbsp;&nbsp; 4-25-2044 | 349530 | &nbsp;&nbsp; 353340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Research-Driven Pagaya Motor Asset Trust VII Series 2022-3A <br> Class A144A<br>| 5.38 | &nbsp;&nbsp; 11-25-2030 | 76531 | &nbsp;&nbsp; 76555 |
| &nbsp;&nbsp;&nbsp; SEB Funding LLC Series 2024-1A Class A2144A | 7.39 | &nbsp;&nbsp; 4-30-2054 | 160000 | &nbsp;&nbsp; 163620 |
| &nbsp;&nbsp;&nbsp; Sotheby's ArtFi Master Trust Series 2024-1A Class A1144A | 6.43 | &nbsp;&nbsp; 12-22-2031 | 350000 | &nbsp;&nbsp; 352890 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC Series 2024-3A Class A2I144A | 5.25 | &nbsp;&nbsp; 7-30-2054 | 348250 | &nbsp;&nbsp; 346315 |
| &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>| 5.41 | &nbsp;&nbsp; 10-20-2034 | 350000 | &nbsp;&nbsp; 348470 |
| &nbsp;&nbsp;&nbsp; Westlake Flooring Master Trust Series 2024-1A Class B144A | 6.07 | &nbsp;&nbsp; 2-15-2028 | 350000 | &nbsp;&nbsp; 352032 |
| **Total asset-backed securities (Cost $7,081,997)** |  |  |  | &nbsp;&nbsp; **7094653** |
| **Corporate bonds and notes: 14.50%** |  |  |  |  |
| **Basic materials: 0.78%** |  |  |  |  |
| **Chemicals: 0.78%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Syensqo Finance America LLC144A | 5.65 | &nbsp;&nbsp; 6-4-2029 | 200000 | &nbsp;&nbsp; **207483** |

---

See accompanying notes to portfolio of investments

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

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Communications: 1.11%** |  |  |  |  |
| **Media: 0.53%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>| 6.10<br> %<br>| &nbsp;&nbsp; 6-1-2029 | $135000 | &nbsp;&nbsp; **$141337** |
| **Telecommunications: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Frontier California, Inc. Series F | 6.75 | &nbsp;&nbsp; 5-15-2027 | 150000 | &nbsp;&nbsp; **152064** |
| **Consumer, cyclical: 3.15%** |  |  |  |  |
| **Airlines: 0.62%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust Series 2015-1 Class A | 3.38 | &nbsp;&nbsp; 5-1-2027 | 99904 | &nbsp;&nbsp; 97356 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc./SkyMiles IP Ltd.144A | 4.75 | &nbsp;&nbsp; 10-20-2028 | 65000 | &nbsp;&nbsp; 65150 |
|  |  |  |  | &nbsp;&nbsp; **162506** |
| **Auto manufacturers: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC144A | 2.00 | &nbsp;&nbsp; 3-9-2026 | 100000 | &nbsp;&nbsp; **97484** |
| **Entertainment: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Warnermedia Holdings, Inc. | 3.76 | &nbsp;&nbsp; 3-15-2027 | 18000 | &nbsp;&nbsp; **16753** |
| **Lodging: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 6.00 | &nbsp;&nbsp; 8-15-2029 | 80000 | &nbsp;&nbsp; **82224** |
| **Retail: 1.52%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | 5.90 | &nbsp;&nbsp; 3-9-2026 | 100000 | &nbsp;&nbsp; 99980 |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | 5.95 | &nbsp;&nbsp; 3-9-2028 | 200000 | &nbsp;&nbsp; 204567 |
| &nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc. | 3.45 | &nbsp;&nbsp; 6-1-2026 | 100000 | &nbsp;&nbsp; 97843 |
|  |  |  |  | &nbsp;&nbsp; **402390** |
| **Toys/games/hobbies: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mattel, Inc.144A | 5.88 | &nbsp;&nbsp; 12-15-2027 | 70000 | &nbsp;&nbsp; **70170** |
| **Consumer, non-cyclical: 0.82%** |  |  |  |  |
| **Commercial services: 0.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime Finance, <br> Inc.144A<br>| 5.75 | &nbsp;&nbsp; 4-15-2026 | 63000 | &nbsp;&nbsp; 63327 |
| &nbsp;&nbsp;&nbsp; UL Solutions, Inc.144A | 6.50 | &nbsp;&nbsp; 10-20-2028 | 50000 | &nbsp;&nbsp; 52593 |
|  |  |  |  | &nbsp;&nbsp; **115920** |
| **Food: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mars, Inc.144A | 4.60 | &nbsp;&nbsp; 3-1-2028 | 100000 | &nbsp;&nbsp; **100813** |
| **Energy: 1.04%** |  |  |  |  |
| **Oil & gas: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Expand Energy Corp. | 5.38 | &nbsp;&nbsp; 3-15-2030 | 70000 | &nbsp;&nbsp; **70196** |
| **Pipelines: 0.77%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP144A | 6.63 | &nbsp;&nbsp; 12-15-2028 | 200000 | &nbsp;&nbsp; **204558** |

---

See accompanying notes to portfolio of investments

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

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Financial: 4.97%** |  |  |  |  |
| **Banks: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Santander Holdings USA, Inc. (U.S. SOFR+1.61%)± | 5.47<br> %<br>| &nbsp;&nbsp; 3-20-2029 | $85000 | &nbsp;&nbsp; $86426 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+1.06%)± | 5.05 | &nbsp;&nbsp; 2-12-2031 | 65000 | &nbsp;&nbsp; 66167 |
|  |  |  |  | &nbsp;&nbsp; **152593** |
| **Diversified financial services: 0.96%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aircastle Ltd.144A | 6.50 | &nbsp;&nbsp; 7-18-2028 | 95000 | &nbsp;&nbsp; 99182 |
| &nbsp;&nbsp;&nbsp; Citadel LP144A | 6.00 | &nbsp;&nbsp; 1-23-2030 | 55000 | &nbsp;&nbsp; 56864 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.144A | 2.88 | &nbsp;&nbsp; 10-15-2026 | 100000 | &nbsp;&nbsp; 97527 |
|  |  |  |  | &nbsp;&nbsp; **253573** |
| **Insurance: 1.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Athene Global Funding | 0.37 | &nbsp;&nbsp; 9-10-2026 | 100000 | &nbsp;&nbsp; 114819 |
| &nbsp;&nbsp;&nbsp; MGIC Investment Corp. | 5.25 | &nbsp;&nbsp; 8-15-2028 | 110000 | &nbsp;&nbsp; 110001 |
| &nbsp;&nbsp;&nbsp; NMI Holdings, Inc. | 6.00 | &nbsp;&nbsp; 8-15-2029 | 50000 | &nbsp;&nbsp; 51305 |
|  |  |  |  | &nbsp;&nbsp; **276125** |
| **Investment Companies: 0.90%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp. BDC | 5.88 | &nbsp;&nbsp; 3-1-2029 | 55000 | &nbsp;&nbsp; 56082 |
| &nbsp;&nbsp;&nbsp; Blackstone Secured Lending Fund BDC | 5.35 | &nbsp;&nbsp; 4-13-2028 | 100000 | &nbsp;&nbsp; 100710 |
| &nbsp;&nbsp;&nbsp; Golub Capital Private Credit Fund BDC | 5.88 | &nbsp;&nbsp; 5-1-2030 | 80000 | &nbsp;&nbsp; 79903 |
|  |  |  |  | &nbsp;&nbsp; **236695** |
| **REITs: 1.49%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Tower Trust #1144A | 5.49 | &nbsp;&nbsp; 3-15-2028 | 35000 | &nbsp;&nbsp; 35590 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP | 8.30 | &nbsp;&nbsp; 3-15-2028 | 100000 | &nbsp;&nbsp; 107217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance <br> Corp.144A<br>| 5.25 | &nbsp;&nbsp; 10-1-2025 | 100000 | &nbsp;&nbsp; 99959 |
| &nbsp;&nbsp;&nbsp; Piedmont Operating Partnership LP | 9.25 | &nbsp;&nbsp; 7-20-2028 | 35000 | &nbsp;&nbsp; 38985 |
| &nbsp;&nbsp;&nbsp; Sabra Health Care LP | 5.13 | &nbsp;&nbsp; 8-15-2026 | 55000 | &nbsp;&nbsp; 55039 |
| &nbsp;&nbsp;&nbsp; WEA Finance LLC144A | 2.88 | &nbsp;&nbsp; 1-15-2027 | 60000 | &nbsp;&nbsp; 58379 |
|  |  |  |  | &nbsp;&nbsp; **395169** |
| **Industrial: 0.50%** |  |  |  |  |
| **Aerospace/defense: 0.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc.144A | 9.75 | &nbsp;&nbsp; 11-15-2030 | 35000 | &nbsp;&nbsp; **38600** |
| **Engineering & construction: 0.35%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; MasTec, Inc.144A | 4.50 | &nbsp;&nbsp; 8-15-2028 | 95000 | &nbsp;&nbsp; **93720** |
| **Technology: 0.41%** |  |  |  |  |
| **Semiconductors: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Entegris, Inc.144A | 4.75 | &nbsp;&nbsp; 4-15-2029 | 110000 | &nbsp;&nbsp; **108780** |
| **Utilities: 1.72%** |  |  |  |  |
| **Electric: 1.72%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | 3.10 | &nbsp;&nbsp; 6-15-2028 | 100000 | &nbsp;&nbsp; 118610 |
| &nbsp;&nbsp;&nbsp; Niagara Mohawk Power Corp.144A%% | 4.65 | &nbsp;&nbsp; 10-3-2030 | 125000 | &nbsp;&nbsp; 125000 |

---

See accompanying notes to portfolio of investments

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

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Electric**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC144A | 3.70<br> %<br>| &nbsp;&nbsp; 1-30-2027 | $115000 | &nbsp;&nbsp; $113503 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP144A | 3.88 | &nbsp;&nbsp; 10-15-2026 | 100000 | &nbsp;&nbsp; 97699 |
|  |  |  |  | &nbsp;&nbsp; **454812** |
| **Total corporate bonds and notes (Cost $3,787,517)** |  |  |  | &nbsp;&nbsp; **3833965** |
| **Foreign corporate bonds and notes: 2.58%** |  |  |  |  |
| **Communications: 1.26%** |  |  |  |  |
| **Telecommunications: 1.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Eutelsat SA | 1.50 | &nbsp;&nbsp; 10-13-2028 | 100000 | &nbsp;&nbsp; 107110 |
| &nbsp;&nbsp;&nbsp; Fibercop SpA | 1.63 | &nbsp;&nbsp; 1-18-2029 | 100000 | &nbsp;&nbsp; 107695 |
| &nbsp;&nbsp;&nbsp; Lorca Telecom Bondco SA | 4.00 | &nbsp;&nbsp; 9-18-2027 | 100000 | &nbsp;&nbsp; 117698 |
|  |  |  |  | &nbsp;&nbsp; **332503** |
| **Consumer, cyclical: 0.46%** |  |  |  |  |
| **Leisure time: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TUI AG | 5.88 | &nbsp;&nbsp; 3-15-2029 | 100000 | &nbsp;&nbsp; **122212** |
| **Consumer, non-cyclical: 0.86%** |  |  |  |  |
| **Commercial services: 0.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Amber Finco PLC | 6.63 | &nbsp;&nbsp; 7-15-2029 | 100000 | &nbsp;&nbsp; 123249 |
| &nbsp;&nbsp;&nbsp; Worldline SA | 4.13 | &nbsp;&nbsp; 9-12-2028 | 100000 | &nbsp;&nbsp; 103496 |
|  |  |  |  | &nbsp;&nbsp; **226745** |
| **Total foreign corporate bonds and notes (Cost $623,615)** |  |  |  | &nbsp;&nbsp; **681460** |
| **Foreign government bonds: 3.57%** |  |  |  |  |
| **Brazil: 0.67%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Brazil¤ | 0.00 | &nbsp;&nbsp; 10-1-2025 | 1000000 | &nbsp;&nbsp; **177517** |
| **Colombia: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colombia TES | 7.75 | &nbsp;&nbsp; 9-18-2030 | 300000000 | &nbsp;&nbsp; **63420** |
| **France: 1.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; French Republic OAT144A | 2.70 | &nbsp;&nbsp; 2-25-2031 | 260000 | &nbsp;&nbsp; **306568** |
| **Indonesia: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Indonesia | 6.88 | &nbsp;&nbsp; 4-15-2029 | 1000000000 | &nbsp;&nbsp; **62756** |
| **South Africa: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Republic of South Africa | 8.00 | &nbsp;&nbsp; 1-31-2030 | 1260000 | &nbsp;&nbsp; **69992** |
| **United Kingdom: 1.00%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.K. Gilts | 4.13 | &nbsp;&nbsp; 7-22-2029 | 190000 | &nbsp;&nbsp; **263233** |
| **Total foreign government bonds (Cost $898,422)** |  |  |  | &nbsp;&nbsp; **943486** |
| **Non-agency mortgage-backed securities: 25.98%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust Series 2024-NQM5 Class A1144A | 5.70 | &nbsp;&nbsp; 11-25-2069 | $319301 | &nbsp;&nbsp; 320560 |
| &nbsp;&nbsp;&nbsp; BAHA Trust Series 2024-MAR Class B144A±± | 7.07 | &nbsp;&nbsp; 12-10-2041 | 350000 | &nbsp;&nbsp; 365742 |

---

See accompanying notes to portfolio of investments

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

------

Portfolio of investments—June 30, 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; BRAVO Residential Funding Trust Series 2023-NQM1 <br> Class A1144A±±<br>| 5.76<br> %<br>| &nbsp;&nbsp; 1-25-2063 | $362580 | &nbsp;&nbsp; $362619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust Series 2021-VOLT Class B <br> (U.S. SOFR 1 Month+1.06%)144A±<br>| 5.38 | &nbsp;&nbsp; 9-15-2036 | 339090 | &nbsp;&nbsp; 337712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2021-ARIA Class A (U.S. SOFR 1 <br> Month+1.01%)144A±<br>| 5.33 | &nbsp;&nbsp; 10-15-2036 | 350000 | &nbsp;&nbsp; 349672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2022-VAMF Class A (U.S. SOFR 1 <br> Month+0.85%)144A±<br>| 5.16 | &nbsp;&nbsp; 1-15-2039 | 260000 | &nbsp;&nbsp; 259838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2024-BIO Class A (U.S. SOFR 1 <br> Month+1.64%)144A±<br>| 5.95 | &nbsp;&nbsp; 2-15-2041 | 350000 | &nbsp;&nbsp; 350000 |
| &nbsp;&nbsp;&nbsp; CSMC Trust Series 2018-RPL9 Class A144A±± | 3.85 | &nbsp;&nbsp; 9-25-2057 | 329043 | &nbsp;&nbsp; 318832 |
| &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 | 245223 | &nbsp;&nbsp; 234822 |
| &nbsp;&nbsp;&nbsp; GCAT Trust Series 2022-NQM3 Class A1144A±± | 4.35 | &nbsp;&nbsp; 4-25-2067 | 334922 | &nbsp;&nbsp; 333737 |
| &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 | 334919 | &nbsp;&nbsp; 325461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Bank of America Merrill Lynch Trust <br> Series 2016-C30 Class B±±<br>| 3.31 | &nbsp;&nbsp; 9-15-2049 | 270000 | &nbsp;&nbsp; 252592 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust Series 2014-150E Class A144A | 3.91 | &nbsp;&nbsp; 9-9-2032 | 270000 | &nbsp;&nbsp; 239099 |
| &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 | 129303 | &nbsp;&nbsp; 124033 |
| &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 | 42648 | &nbsp;&nbsp; 40826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OBX Trust Series 2020-EXP1 Class 2A1 (U.S. SOFR 1 <br> Month+0.86%)144A±<br>| 5.18 | &nbsp;&nbsp; 2-25-2060 | 316212 | &nbsp;&nbsp; 314643 |
| &nbsp;&nbsp;&nbsp; OBX Trust Series 2022-NQM7 Class A1144A±± | 5.11 | &nbsp;&nbsp; 8-25-2062 | 231061 | &nbsp;&nbsp; 229861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; One New York Plaza Trust Series 2020-1NYP Class A (U.S. SOFR <br> 1 Month+1.06%)144A±<br>| 5.38 | &nbsp;&nbsp; 1-15-2036 | 350000 | &nbsp;&nbsp; 340175 |
| &nbsp;&nbsp;&nbsp; PRKCM Trust Series 2022-AFC1 Class A1A144A±± | 4.10 | &nbsp;&nbsp; 4-25-2057 | 145484 | &nbsp;&nbsp; 143685 |
| &nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2024-CES9 Class A1A144A±± | 5.58 | &nbsp;&nbsp; 12-25-2044 | 322518 | &nbsp;&nbsp; 323892 |
| &nbsp;&nbsp;&nbsp; ROCK Trust Series 2024-CNTR Class A144A | 5.39 | &nbsp;&nbsp; 11-13-2041 | 270000 | &nbsp;&nbsp; 276206 |
| &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 | 313302 | &nbsp;&nbsp; 298559 |
| &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>| 6.40 | &nbsp;&nbsp; 2-15-2042 | 460000 | &nbsp;&nbsp; 455112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust Series 2023-CES1 <br> Class A1A144A±±<br>| 6.75 | &nbsp;&nbsp; 7-25-2063 | 268486 | &nbsp;&nbsp; 270602 |
| &nbsp;&nbsp; **Total non-agency mortgage-backed securities (Cost** <br> **$6,862,664)**<br>|  |  |  | &nbsp;&nbsp; **6868280** |
| **U.S. Treasury securities: 12.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.88 | &nbsp;&nbsp; 3-31-2027 | 625000 | &nbsp;&nbsp; 625977 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.88 | &nbsp;&nbsp; 6-30-2030 | 115000 | &nbsp;&nbsp; 115440 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 4.00 | &nbsp;&nbsp; 3-31-2030 | 375000 | &nbsp;&nbsp; 378486 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 4.00 | &nbsp;&nbsp; 5-31-2030 | 290000 | &nbsp;&nbsp; 292809 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes## | 4.25 | &nbsp;&nbsp; 11-30-2026 | 1760000 | &nbsp;&nbsp; 1769075 |
| **Total U.S. Treasury securities (Cost $3,166,959)** |  |  |  | &nbsp;&nbsp; **3181787** |

---

See accompanying notes to portfolio of investments

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

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Yankee corporate bonds and notes: 2.60%** |  |  |  |  |
| **Communications: 0.20%** |  |  |  |  |
| **Media: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Videotron Ltd.144A | 3.63<br> %<br>| &nbsp;&nbsp; 6-15-2029 | $55000 | &nbsp;&nbsp; **$52589** |
| **Energy: 0.41%** |  |  |  |  |
| **Oil & gas: 0.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BP Capital Markets PLC (5 Year Treasury Constant <br> Maturity+4.04%)ʊ±<br>| 4.38 | &nbsp;&nbsp; 9-22-2025 | 110000 | &nbsp;&nbsp; **109674** |
| **Financial: 0.14%** |  |  |  |  |
| **Diversified financial services: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd.144A | 5.75 | &nbsp;&nbsp; 11-15-2029 | 35000 | &nbsp;&nbsp; **36028** |
| **Government securities: 0.74%** |  |  |  |  |
| **Multi-national: 0.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Banque Ouest Africaine de Developpement144A | 5.00 | &nbsp;&nbsp; 7-27-2027 | 200000 | &nbsp;&nbsp; **196105** |
| **Industrial: 0.42%** |  |  |  |  |
| **Electronics: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Flex Ltd. | 4.88 | &nbsp;&nbsp; 6-15-2029 | 110000 | &nbsp;&nbsp; **110698** |
| **Utilities: 0.69%** |  |  |  |  |
| **Electric: 0.69%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Emera, Inc. Series 16-A (3 Month LIBOR+5.44%)± | 6.75 | &nbsp;&nbsp; 6-15-2076 | 180000 | &nbsp;&nbsp; **181129** |
| **Total yankee corporate bonds and notes (Cost $686,034)** |  |  |  | &nbsp;&nbsp; **686223** |
| **Yankee government bonds: 0.68%** |  |  |  |  |
| **Panama: 0.68%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Panama | 3.16 | &nbsp;&nbsp; 1-23-2030 | 200000 | &nbsp;&nbsp; **180175** |
| **Total yankee government bonds (Cost $174,254)** |  |  |  | &nbsp;&nbsp; **180175** |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  | Yield | Shares |  |
| **Short-term investments: 9.77%** |  |  |  |
| **Investment companies: 0.99%** |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## | 4.26 | 262049 | &nbsp;&nbsp; **262049** |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>| Principal |  |
| **U.S. Treasury securities: 8.78%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills☼ |  | 3.80 | &nbsp;&nbsp; 7-10-2025 | $775000 | &nbsp;&nbsp; 774188 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bills☼ |  | 3.94 | &nbsp;&nbsp; 7-17-2025 | 1550000 | &nbsp;&nbsp; 1547148 |
|  |  |  |  |  | &nbsp;&nbsp; **2321336** |
| **Total short-term investments (Cost $2,583,357)** |  |  |  |  | &nbsp;&nbsp; **2583385** |
| **Total investments in securities (Cost $26,372,755)** | 100.49<br> %<br>|  |  |  | &nbsp;&nbsp; 26565249 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | (0.49)<br>|  |  |  | &nbsp;&nbsp; (128750)<br>|
| **Total net assets** | **100.00%**<br>|  |  |  | &nbsp;&nbsp; **$26436499** |

---

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

See accompanying notes to portfolio of investments

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

------

Portfolio of investments—June 30, 2025 (unaudited)

---

| | |
|:---|:---|
| %% | The security is purchased on a when-issued basis. |
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| 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>|
| ±± | The coupon of the security is adjusted based on the principal and/or interest payments received from the underlying pool of mortgages as well as the credit quality <br> and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end.<br>|
| ¤ | The security is issued in zero coupon form with no periodic interest payments. |
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |
| ʊ | Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date. |
| ♠ | 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. |
| ☼ | Zero coupon security. The rate represents the current yield to maturity. |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| BDC | Business Development Company |
| BRL | Brazilian real |
| CLO | Collateralized loan obligation |
| COP | Colombian peso |
| EUR | Euro |
| FNMA | Federal National Mortgage Association |
| GBP | Great British pound |
| GNMA | Government National Mortgage Association |
| IDR | Indonesian rupiah |
| LIBOR | London Interbank Offered Rate |
| REIT | Real estate investment trust |
| SOFR | Secured Overnight Financing Rate |
| ZAR | South African rand |

---

**Investments in affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select <br> Class<br>| $0 | $34679937 | $(34417888)<br>| $0 | $0 | $262049 | 262049 | $20780 |

---

**Forward foreign currency contracts** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency to be <br>received | Currency to be <br>received | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | &nbsp;&nbsp;&nbsp; Currency to be <br>delivered | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date<br>| &nbsp;&nbsp; Unrealized <br>gains<br>| &nbsp;&nbsp; Unrealized <br>losses<br>|
| USD | 164176 | BRL | 925000 | Morgan Stanley, Inc. | 9-30-2025 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; $(2284)<br>|
| USD | 52144 | EUR | 45000 | Morgan Stanley, Inc. | 9-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (1178)<br>|
| EUR | 130000 | USD | 150119 | Morgan Stanley, Inc. | 9-30-2025 | &nbsp;&nbsp;&nbsp; 3923 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 1261996 | EUR | 1090000 | Morgan Stanley, Inc. | 9-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (29592)<br>|
| USD | 263088 | GBP | 195000 | Morgan Stanley, Inc. | 9-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (4735)<br>|
| JPY | 9400000 | USD | 65306 | Morgan Stanley, Inc. | 9-30-2025 | &nbsp;&nbsp;&nbsp; 629 | &nbsp;&nbsp;&nbsp; 0 |
| JPY | 9500000 | USD | 65593 | Morgan Stanley, Inc. | 9-30-2025 | &nbsp;&nbsp;&nbsp; 1043 | &nbsp;&nbsp;&nbsp; 0 |
| USD | 72139 | ZAR | 1300000 | Morgan Stanley, Inc. | 9-30-2025 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; (814)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; **$5595** | &nbsp;&nbsp;&nbsp; **$(38603)**<br>|

---

See accompanying notes to portfolio of investments

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

------

Portfolio of investments—June 30, 2025 (unaudited)

**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; 71 | &nbsp;&nbsp; 9-30-2025 | &nbsp;&nbsp; $14712184 | &nbsp;&nbsp; $14769664 | &nbsp;&nbsp; $57480 | &nbsp;&nbsp; $0 |
| **Short** |  |  |  |  |  |  |
| &nbsp;&nbsp; 5-Year Euro-BOBL Futures | &nbsp;&nbsp; (4)<br>| &nbsp;&nbsp; 9-8-2025 | &nbsp;&nbsp; (556787)<br>| &nbsp;&nbsp; (554485)<br>| &nbsp;&nbsp; 2302 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp; 5-Year U.S. Treasury Notes | &nbsp;&nbsp; (69)<br>| &nbsp;&nbsp; 9-30-2025 | &nbsp;&nbsp; (7451844)<br>| &nbsp;&nbsp; (7521000)<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; (69156)<br>|
|  |  |  |  |  | &nbsp;&nbsp; **$59782** | &nbsp;&nbsp; **$(69156)**<br>|

---

See accompanying notes to portfolio of investments

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

------

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

Notes to portfolio of investments

Securities valuation

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

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

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.

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 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

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

------

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

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.

Fair valuation measurements

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Agency securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $511835 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $511835 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7094653 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7094653 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 3833965 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 3833965 |
| **Foreign corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 681460 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 681460 |
| **Foreign government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 943486 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 943486 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 6868280 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 6868280 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 3181787 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 3181787 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 686223 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 686223 |
| **Yankee government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 180175 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 180175 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 262049 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 262049 |
| *U.S. Treasury securities* | &nbsp;&nbsp; 2321336 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 2321336 |
|  | &nbsp;&nbsp; 5765172 | &nbsp;&nbsp;&nbsp;&nbsp; 20800077 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 26565249 |
| **Forward foreign currency contracts** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5595 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 5595 |
| **Futures contracts** | &nbsp;&nbsp; 59782 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 59782 |
| **Total assets** | &nbsp;&nbsp; **$5824954** | &nbsp;&nbsp;&nbsp; **$20805672** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$26630626** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Forward foreign currency contracts** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $38603 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $38603 |
| **Futures contracts** | &nbsp;&nbsp; 69156 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 69156 |
| **Total liabilities** | &nbsp;&nbsp; **$69156** | &nbsp;&nbsp;&nbsp; **$38603** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$107759** |

---

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

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

As of June 30, 2025, $150,000 was segregated as cash collateral for these open futures contracts.

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

10 \| 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:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $26780899.76

**Total Liabilities:** $346771.63

**Net Assets:** $26434128.13

**Cash Not Reported:** $153660.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -94.16000000 | **1-Year:** -888.84000000 | **5-Year:** -1180.18000000 | **10-Year:** -610.41000000 | **30-Year:** -337.59000000

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

- **3-Month:** -26.78000000 | **1-Year:** -292.81000000 | **5-Year:** -151.66000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255144 | 0.29%                | 0.48%                | 0.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8854.85                | $55436.45                                  |
| Month 2  | $-11038.66               | $16652.49                                  |
| Month 3  | $29632.37                | $112432.20                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES2                                                   | CUSIP: 74938PAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     349530 | PA      | $353340.37    | 1.34%             | 2044-04-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| SOLVAY FINANCE (AMERICA)                                                            | Syensqo Finance America LLC                                                     | CUSIP: 834423AE5<br>LEI: 54930073OEL5K0Y7NK81 | Long             | DBT              | CORP              | US        |     200000 | PA      | $207482.87    | 0.78%             | 2029-06-04      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                                                                | Lorca Telecom Bondco SA                                                         | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |     100000 | PA      | $117698.23    | 0.45%             | 2027-09-18      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                                            | Walgreens Boots Alliance Inc                                                    | CUSIP: 931427AQ1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     100000 | PA      | $97842.84     | 0.37%             | 2026-06-01      | Fixed         | 3.45%                 | 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      | $352679.67    | 1.33%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                           | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F062671<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     300000 | PA      | $309742.98    | 1.17%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                                      | ALLSPRING GOVERNMENT MONEY MAR                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     262049 | NS      | $262049.07    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bills                                                             | CUSIP: 912797PE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    1550000 | PA      | $1547148.00   | 5.85%             | 2025-07-17      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2024-BIO                                                               | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     350000 | PA      | $349999.90    | 1.32%             | 2041-02-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                                                              | Brazil Letras do Tesouro Nacional                                               | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    1000000 | PA      | $177516.36    | 0.67%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust                                            | AmeriCredit Automobile Receivables Trust 2024-1                                 | CUSIP: 023947AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     138264 | PA      | $138332.18    | 0.52%             | 2028-02-18      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                     | Venture 44 CLO Ltd                                                              | CUSIP: 92332KAQ4<br>LEI: 5493005RF0X3GB54HH60 | Long             | ABS-CBDO         | CORP              | KY        |     350000 | PA      | $348470.15    | 1.32%             | 2034-10-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                                  | Advance Auto Parts Inc                                                          | CUSIP: 00751YAH9<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     100000 | PA      | $99980.00     | 0.38%             | 2026-03-09      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Sabra Health Care LP                                                                | Sabra Health Care LP                                                            | CUSIP: 14162VAB2<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              |  | US        |      55000 | PA      | $55039.10     | 0.21%             | 2026-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED USD / SOLD ZAR                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-814.43      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     290000 | PA      | $292809.38    | 1.11%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP                                                                    | Duke Energy Corp                                                                | CUSIP: 000000000<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     100000 | PA      | $118610.04    | 0.45%             | 2028-06-15      | Fixed         | 3.10%                 | 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      | $141337.46    | 0.53%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS                                                                        | NMI Holdings Inc                                                                | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |      50000 | PA      | $51305.00     | 0.19%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED JPY / SOLD USD                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | JP        |          1 | NC      | $1042.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2023-CES1                                             | CUSIP: 89181XAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     268486 | PA      | $270602.14    | 1.02%             | 2063-07-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                                            | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp              | CUSIP: 505742AG1<br>LEI: N/A                  | Long             | DBT              |  | US        |     100000 | PA      | $99959.15     | 0.38%             | 2025-10-01      | Fixed         | 5.25%                 | 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      | $350264.50    | 1.33%             | 2028-02-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bills                                                             | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     775000 | PA      | $774187.86    | 2.93%             | 2025-07-10      | None          | 0.00%                 | No            |                  1 | 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      | $355329.52    | 1.34%             | 2033-10-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                                         | PRKCM 2022-AFC1 Trust                                                           | CUSIP: 69377CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     145484 | PA      | $143684.51    | 0.54%             | 2057-04-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2022-VAMF                                                              | CUSIP: 05609TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     260000 | PA      | $259837.50    | 0.98%             | 2039-01-15      | Floating      | 5.16%                 | 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      | $196104.46    | 0.74%             | 2027-07-27      | Fixed         | 5.00%                 | 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      | $365741.85    | 1.38%             | 2041-12-10      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1760000 | PA      | $1769075.00   | 6.69%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2021-VOLT                                          | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     339090 | PA      | $337712.29    | 1.28%             | 2036-09-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                                                       | Aircastle Ltd                                                                   | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |      95000 | PA      | $99181.71     | 0.38%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                           | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30                     | CUSIP: 61766NBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     270000 | PA      | $252591.56    | 0.96%             | 2049-09-15      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                                                  | A&D Mortgage Trust 2024-NQM5                                                    | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |     319301 | PA      | $320559.90    | 1.21%             | 2069-11-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                            | Brandywine Operating Partnership LP                                             | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |     100000 | PA      | $107217.30    | 0.41%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC                                                  | MetroNet Infrastructure Issuer LLC                                              | CUSIP: 59170DAA9<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |     170000 | PA      | $174031.30    | 0.66%             | 2053-04-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                            | Republic of South Africa Government Bond                                        | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    1260000 | PA      | $69992.30     | 0.26%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                                              | Spirit AeroSystems Inc                                                          | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |      35000 | PA      | $38599.79     | 0.15%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                          | Mattel Inc                                                                      | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |      70000 | PA      | $70169.61     | 0.27%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                                              | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     100000 | PA      | $97699.23     | 0.37%             | 2026-10-15      | Fixed         | 3.88%                 | 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        |     193331 | PA      | $194218.48    | 0.73%             | 2027-12-10      | Fixed         | 5.98%                 | 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      | $97526.95     | 0.37%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                                  | Expand Energy Corp                                                              | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |      70000 | PA      | $70196.28     | 0.27%             | 2030-03-15      | Fixed         | 5.38%                 | 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      | $306568.31    | 1.16%             | 2031-02-25      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                              | Santander Holdings USA Inc                                                      | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |      85000 | PA      | $86426.11     | 0.33%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 2YR NOTE (CBT) SEP25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         71 | NC      | $57479.49     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBWAY FUNDING LLC                                                                  | Subway Funding LLC                                                              | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     348250 | PA      | $346314.95    | 1.31%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                               | Athene Global Funding                                                           | CUSIP: 000000000<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     100000 | PA      | $114818.60    | 0.43%             | 2026-09-10      | Fixed         | 0.37%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     115000 | PA      | $115440.23    | 0.44%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| AMBER FINCO PLC                                                                     | Amber Finco PLC                                                                 | CUSIP: 000000000<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |     100000 | PA      | $123248.98    | 0.47%             | 2029-07-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED USD / SOLD EUR                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-1178.26     | -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        |     329557 | PA      | $307984.57    | 1.17%             | 2051-10-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                                              | BP Capital Markets PLC                                                          | CUSIP: 05565QDU9<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |     110000 | PA      | $109674.39    | 0.41%             | 2025-09-22      | Fixed         | 4.38%                 | 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      | $352889.71    | 1.33%             | 2031-12-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I                                          | Research-Driven Pagaya Motor Asset Trust VII                                    | CUSIP: 76088TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      76531 | PA      | $76554.74     | 0.29%             | 2030-11-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FRONTIER CALIFORNIA INC                                                             | Frontier California Inc                                                         | CUSIP: 362311AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     150000 | PA      | $152064.00    | 0.58%             | 2027-05-15      | Fixed         | 6.75%                 | 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      | $-29591.94    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                                                | Indonesia Treasury Bond                                                         | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 1000000000 | PA      | $62755.60     | 0.24%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                            | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      35000 | PA      | $36028.15     | 0.14%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     625000 | PA      | $625976.56    | 2.37%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust                                       | BHG Securitization Trust 2021-A                                                 | CUSIP: 08861YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     210810 | PA      | $207159.03    | 0.78%             | 2033-11-17      | Fixed         | 1.42%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2021-ARIA                                                              | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     350000 | PA      | $349671.88    | 1.32%             | 2036-10-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED JPY / SOLD USD                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | JP        |          1 | NC      | $629.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                                               | Panama Government International Bonds                                           | CUSIP: 698299BK9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     200000 | PA      | $180175.12    | 0.68%             | 2030-01-23      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                                                                     | HGI CRE CLO 2021-FL2 Ltd                                                        | CUSIP: 40390JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     227644 | PA      | $226871.28    | 0.86%             | 2036-09-17      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Neighborly Issuer LLC                                                               | Neighborly Issuer 2023-1                                                        | CUSIP: 64016NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     234600 | PA      | $239307.01    | 0.91%             | 2053-01-30      | Fixed         | 7.31%                 | 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      | $291663.57    | 1.10%             | 2054-10-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                              | CUSIP: 3618N5C64<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     201704 | PA      | $202091.95    | 0.76%             | 2054-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 5YR NOTE (CBT) SEP25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -69 | NC      | $-69156.08    | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| ENTEGRIS INC                                                                        | Entegris Inc                                                                    | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |     110000 | PA      | $108780.16    | 0.41%             | 2029-04-15      | Fixed         | 4.75%                 | 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      | $244054.10    | 0.92%             | 2036-10-16      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| TUI AG                                                                              | TUI AG                                                                          | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | DBT              | CORP              | DE        |     100000 | PA      | $122212.38    | 0.46%             | 2029-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| U.K. Gilts                                                                          | U.K. Gilts                                                                      | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     190000 | PA      | $263233.30    | 1.00%             | 2029-07-22      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                            | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBA0<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      55000 | PA      | $51189.09     | 0.19%             | 2027-03-15      | Fixed         | 3.76%                 | 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      | $352031.54    | 1.33%             | 2028-02-15      | Fixed         | 6.07%                 | 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        |     375000 | PA      | $379904.59    | 1.44%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                            | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     270000 | PA      | $276206.00    | 1.04%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Trust 2024-RPL4                                   | CUSIP: 362948AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     334919 | PA      | $325460.59    | 1.23%             | 2061-09-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                                                                 | Worldline SA/France                                                             | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |     100000 | PA      | $103495.63    | 0.39%             | 2028-09-12      | Fixed         | 4.13%                 | Yes           |                  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      | $340175.26    | 1.29%             | 2036-01-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                                                                          | MasTec Inc                                                                      | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |      95000 | PA      | $93720.02     | 0.35%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                                                | Colombian TES                                                                   | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  300000000 | PA      | $63419.63     | 0.24%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2020-EXP1 Trust                                                             | CUSIP: 67448TBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     316212 | PA      | $314643.37    | 1.19%             | 2060-02-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| EUTELSAT SA                                                                         | Eutelsat SA                                                                     | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |     100000 | PA      | $107110.29    | 0.41%             | 2028-10-13      | Fixed         | 1.50%                 | Yes           |                  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        |     313302 | PA      | $298558.50    | 1.13%             | 2050-02-25      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                                        | Fibercop SpA                                                                    | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |     100000 | PA      | $107694.61    | 0.41%             | 2029-01-18      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Flex Ltd                                                                            | Flex Ltd                                                                        | CUSIP: 33938XAA3<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |     110000 | PA      | $110698.16    | 0.42%             | 2029-06-15      | Fixed         | 4.88%                 | 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      | $3923.47      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                | Las Vegas Sands Corp                                                            | CUSIP: 517834AK3<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |      80000 | PA      | $82224.11     | 0.31%             | 2029-08-15      | Fixed         | 6.00%                 | 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      | $355937.16    | 1.35%             | 2036-09-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                                                             | Blackstone Secured Lending Fund                                                 | CUSIP: 09261XAJ1<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |     100000 | PA      | $100710.09    | 0.38%             | 2028-04-13      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UL SOLUTIONS INC                                                                    | UL Solutions Inc                                                                | CUSIP: 903731AA5<br>LEI: 549300F7CUV5ESKV9P71 | Long             | DBT              | CORP              | US        |      50000 | PA      | $52593.18     | 0.20%             | 2028-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                                      | Morgan Stanley Capital I Trust 2014-150E                                        | CUSIP: 61764BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     270000 | PA      | $239098.77    | 0.90%             | 2032-09-09      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                                                      | SWCH Commercial Mortgage Trust 2025-DATA                                        | CUSIP: 78489CAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     460000 | PA      | $455112.50    | 1.72%             | 2042-02-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL CAP FND                                                               | Golub Capital Private Credit Fund                                               | CUSIP: 38179RAD7<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |      80000 | PA      | $79903.14     | 0.30%             | 2030-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER TRUST I                                                              | American Tower Trust #1                                                         | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              |  | US        |      35000 | PA      | $35590.30     | 0.13%             | 2028-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                                     | BRAVO Residential Funding Trust 2023-NQM1                                       | CUSIP: 10568MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     362580 | PA      | $362618.70    | 1.37%             | 2063-01-25      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                                  | Advance Auto Parts Inc                                                          | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     200000 | PA      | $204566.80    | 0.77%             | 2028-03-09      | Fixed         | 5.95%                 | 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        |     245223 | PA      | $234822.20    | 0.89%             | 2075-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC 2018-RPL9 Trust                                                            | CUSIP: 12654PAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     329043 | PA      | $318831.56    | 1.21%             | 2057-09-25      | Variable      | 3.85%                 | 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        |     375000 | PA      | $381684.79    | 1.44%             | 2030-02-15      | Fixed         | 8.40%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                          | US Bancorp                                                                      | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |      65000 | PA      | $66166.98     | 0.25%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-4734.62     | -0.02%            |  |  |  | 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        |      99904 | PA      | $97355.82     | 0.37%             | 2027-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                            | Vistra Operations Co LLC                                                        | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     115000 | PA      | $113502.62    | 0.43%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                                                          | Citadel LP                                                                      | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |      55000 | PA      | $56864.51     | 0.22%             | 2030-01-23      | Fixed         | 6.00%                 | 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        |     198369 | PA      | $194975.27    | 0.74%             | 2027-06-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                            | Mars Inc                                                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     100000 | PA      | $100812.89    | 0.38%             | 2028-03-01      | Fixed         | 4.60%                 | 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        |     340000 | PA      | $343513.12    | 1.30%             | 2029-07-10      | Fixed         | 5.33%                 | 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      | $65150.74     | 0.25%             | 2028-10-20      | Fixed         | 4.75%                 | 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      | $363521.69    | 1.38%             | 2029-12-20      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                                           | Emera Inc                                                                       | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |     180000 | PA      | $181129.19    | 0.69%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                                                            | Piedmont Operating Partnership LP                                               | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |      35000 | PA      | $38984.38     | 0.15%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     375000 | PA      | $378486.33    | 1.43%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                                 | PURCHASED USD / SOLD BRL                                                        | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-2284.49     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC                                                                     | WEA Finance LLC                                                                 | CUSIP: 92928QAH1<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              |  | US        |      60000 | PA      | $58378.94     | 0.22%             | 2027-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2020-RPL1                                   | CUSIP: 64828XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      42648 | PA      | $40826.46     | 0.15%             | 2059-11-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES9                                                   | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     322519 | PA      | $323892.40    | 1.23%             | 2044-12-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BOBL FUTURE SEP25                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -4 | NC      | $2302.19      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES CAPITAL CORP                                                                   | Ares Capital Corp                                                               | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |      55000 | PA      | $56081.16     | 0.21%             | 2029-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                                 | Kinetik Holdings LP                                                             | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     200000 | PA      | $204558.00    | 0.77%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MGIC INVESTMENT CORP                                                                | MGIC Investment Corp                                                            | CUSIP: 552848AG8<br>LEI: 254900S8483WM4M98R28 | Long             | DBT              | CORP              | US        |     110000 | PA      | $110001.26    | 0.42%             | 2028-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2022-NQM7 Trust                                                             | CUSIP: 67117DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     231061 | PA      | $229861.31    | 0.87%             | 2062-08-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2019-RPL3                                   | CUSIP: 64830NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     129303 | PA      | $124033.41    | 0.47%             | 2059-07-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD                                                                       | Videotron Ltd                                                                   | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |      55000 | PA      | $52588.81     | 0.20%             | 2029-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                             | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     100000 | PA      | $97484.26     | 0.37%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2022-NQM3 Trust                                                            | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     334922 | PA      | $333737.47    | 1.26%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                                            | Prime Security Services Borrower LLC / Prime Finance Inc                        | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      63000 | PA      | $63326.72     | 0.24%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SEB Funding LLC                                                                     | SEB Funding LLC                                                                 | CUSIP: 78433DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     160000 | PA      | $163619.70    | 0.62%             | 2054-04-30      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** ALLSPRING FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer