Portfolio of investments—March 31, 2024 (unaudited)
Portfolio of investments
Interest rate | Maturity date | Principal | Value | |||
Municipal obligations: 96.55% | ||||||
Alabama: 1.41% | ||||||
Utilities revenue: 1.41% | ||||||
Black Belt Energy Gas District Project No. 7 Series C-1øø | 4.00 % | 10-1-2052 | $ | 1,000,000 | $1,004,740 | |
Southeast Energy Authority A Cooperative District Project No. 5 Series Aøø | 5.25 | 1-1-2054 | 750,000 | 796,441 | ||
1,801,181 | ||||||
California: 0.41% | ||||||
Utilities revenue: 0.41% | ||||||
California Community Choice Financing Authority Series C | 5.00 | 10-1-2031 | 500,000 | 520,323 | ||
Georgia: 0.38% | ||||||
Utilities revenue: 0.38% | ||||||
Main Street Natural Gas, Inc. Series C144Aøø | 4.00 | 8-1-2052 | 500,000 | 486,495 | ||
Guam: 6.25% | ||||||
Airport revenue: 1.37% | ||||||
Antonio B Won Pat International Airport Authority Series A AMT | 5.25 | 10-1-2031 | 250,000 | 258,684 | ||
Port Authority of Guam Series A | 5.00 | 7-1-2048 | 1,000,000 | 1,014,705 | ||
Port Authority of Guam Series B AMT | 5.00 | 7-1-2034 | 445,000 | 466,567 | ||
1,739,956 | ||||||
Miscellaneous revenue: 0.37% | ||||||
Territory of Guam Series F | 4.00 | 1-1-2042 | 500,000 | 475,865 | ||
Tax revenue: 0.84% | ||||||
Territory of Guam Hotel Occupancy Tax Series A | 5.00 | 11-1-2035 | 1,000,000 | 1,063,497 | ||
Utilities revenue: 1.24% | ||||||
Guam Power Authority Series A | 5.00 | 10-1-2026 | 500,000 | 512,123 | ||
Guam Power Authority Series A | 5.00 | 10-1-2038 | 550,000 | 564,479 | ||
Guam Power Authority Series A (AGM Insured) | 5.00 | 10-1-2039 | 500,000 | 502,652 | ||
1,579,254 | ||||||
Water & sewer revenue: 2.43% | ||||||
Guam Government Waterworks Authority | 5.00 | 7-1-2034 | 500,000 | 525,263 | ||
Guam Government Waterworks Authority | 5.00 | 1-1-2046 | 2,215,000 | 2,258,562 | ||
Guam Government Waterworks Authority Series A | 5.00 | 1-1-2050 | 300,000 | 312,991 | ||
3,096,816 | ||||||
7,955,388 | ||||||
Illinois: 0.20% | ||||||
Miscellaneous revenue: 0.20% | ||||||
City of Chicago Lakeshore East Special Assessment Area144A | 2.69 | 12-1-2026 | 266,000 | 254,487 | ||
Maryland: 0.78% | ||||||
Housing revenue: 0.78% | ||||||
Maryland Community Development Administration South Street Senior LLC Series D | 3.15 | 7-1-2024 | 1,000,000 | 992,598 | ||
See accompanying notes to portfolio of investments
Allspring Wisconsin Tax-Free Fund | 1
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
New Jersey: 0.36% | ||||||
Education revenue: 0.36% | ||||||
Camden County Improvement Authority KIPP Cooper Norcross Obligated Group | 6.00 % | 6-15-2047 | $ | 425,000 | $460,989 | |
New York: 1.10% | ||||||
Education revenue: 1.10% | ||||||
Hempstead Town Local Development Corp. Academy Charter School Series A | 4.45 | 2-1-2041 | 500,000 | 407,524 | ||
Hempstead Town Local Development Corp. Academy Charter School Series A | 6.24 | 2-1-2047 | 1,000,000 | 996,276 | ||
1,403,800 | ||||||
Pennsylvania: 2.10% | ||||||
Education revenue: 0.47% | ||||||
Lehigh County General Purpose Authority Valley Academy Regional Charter School | 4.00 | 6-1-2032 | 600,000 | 592,173 | ||
Health revenue: 1.63% | ||||||
Montgomery County Higher Education & Health Authority Thomas Jefferson University Obligated Group Series B | 5.00 | 5-1-2052 | 2,000,000 | 2,080,518 | ||
2,672,691 | ||||||
Puerto Rico: 3.26% | ||||||
Health revenue: 1.51% | ||||||
Puerto Rico Industrial Tourist Educational Medical & Environmental Control Financing Authority Hospital Auxilio Mutuo Obligated Group | 5.00 | 7-1-2026 | 205,000 | 209,141 | ||
Puerto Rico Industrial Tourist Educational Medical & Environmental Control Financing Authority Hospital Auxilio Mutuo Obligated Group | 5.00 | 7-1-2031 | 435,000 | 470,839 | ||
Puerto Rico Industrial Tourist Educational Medical & Environmental Control Financing Authority Hospital Auxilio Mutuo Obligated Group | 5.00 | 7-1-2032 | 925,000 | 1,000,778 | ||
Puerto Rico Industrial Tourist Educational Medical & Environmental Control Financing Authority Hospital Auxilio Mutuo Obligated Group | 5.00 | 7-1-2034 | 220,000 | 237,683 | ||
1,918,441 | ||||||
Miscellaneous revenue: 1.75% | ||||||
Puerto Rico Industrial Tourist Educational Medical & Environmental Control Financing Authority Hospital de la Concepcion, Inc. Series A | 3.55 | 11-15-2030 | 2,225,000 | 2,232,964 | ||
4,151,405 | ||||||
Texas: 2.32% | ||||||
Education revenue: 0.79% | ||||||
Hale Center Education Facilities Corp. Wayland Baptist University | 5.00 | 3-1-2027 | 990,000 | 1,011,148 | ||
GO revenue: 1.53% | ||||||
Denton Independent School District | 4.00 | 8-15-2048 | 2,000,000 | 1,942,557 | ||
2,953,705 | ||||||
See accompanying notes to portfolio of investments
2 | Allspring Wisconsin Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Wisconsin: 77.98% | ||||||
Education revenue: 8.64% | ||||||
Wisconsin HEFA Hmong American Peace Academy Ltd. | 4.00 % | 3-15-2030 | $ | 495,000 | $493,314 | |
Wisconsin HEFA Hmong American Peace Academy Ltd. | 4.00 | 3-15-2040 | 1,555,000 | 1,447,780 | ||
Wisconsin HEFA Lawrence University | 4.00 | 2-1-2045 | 1,685,000 | 1,510,483 | ||
Wisconsin HEFA Medical College of Wisconsin, Inc. | 5.00 | 12-1-2041 | 2,000,000 | 2,159,656 | ||
Wisconsin HEFA Milwaukee School of Engineering Series B (AGM Insured) | 2.00 | 4-1-2038 | 1,200,000 | 894,338 | ||
Wisconsin HEFA Milwaukee School of Engineering Series B (AGM Insured) | 2.13 | 4-1-2039 | 1,000,000 | 738,293 | ||
Wisconsin HEFA Milwaukee School of Engineering Series B (AGM Insured) | 2.13 | 4-1-2040 | 1,000,000 | 721,493 | ||
Wisconsin HEFA Milwaukee School of Engineering Series B (AGM Insured) | 2.25 | 4-1-2041 | 750,000 | 544,033 | ||
Wisconsin HEFA Milwaukee School of Engineering Series B (AGM Insured) | 2.25 | 4-1-2042 | 1,000,000 | 717,536 | ||
Wisconsin HEFA Milwaukee Science Education Consortium, Inc. Series A | 4.50 | 3-15-2033 | 735,000 | 741,341 | ||
Wisconsin HEFA Milwaukee Science Education Consortium, Inc. Series A | 5.00 | 3-15-2053 | 1,100,000 | 1,036,484 | ||
11,004,751 | ||||||
GO revenue: 5.58% | ||||||
City of Milwaukee Series B6 | 3.00 | 4-1-2024 | 570,000 | 570,000 | ||
City of Milwaukee Series B6 | 5.00 | 4-1-2025 | 550,000 | 556,709 | ||
State of Wisconsin Series A (SIFMA Municipal Swap+0.42%)± | 4.06 | 5-1-2025 | 4,000,000 | 3,979,424 | ||
Tender Option Bond Trust Receipts/Certificates Buckner Retirement Services Inc Obligated Group Series 2019-XF2831144Aø | 4.01 | 7-1-2029 | 2,000,000 | 2,000,000 | ||
7,106,133 | ||||||
Health revenue: 24.69% | ||||||
PFA Appalachian Regional Healthcare System Obligated Group Series A | 5.00 | 7-1-2037 | 275,000 | 283,031 | ||
PFA Appalachian Regional Healthcare System Obligated Group Series A | 5.00 | 7-1-2038 | 375,000 | 382,870 | ||
University of Wisconsin Hospitals & Clinics Authority Obligated Group Series Bø | 4.45 | 4-1-2048 | 2,000,000 | 2,000,000 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group | 3.13 | 12-1-2029 | 150,000 | 148,314 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group | 3.38 | 12-1-2031 | 180,000 | 179,997 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group | 4.00 | 12-1-2035 | 1,000,000 | 1,000,624 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group | 5.00 | 12-1-2026 | 1,740,000 | 1,744,551 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group Series A | 5.00 | 12-1-2027 | 175,000 | 184,209 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group Series A | 5.00 | 12-1-2029 | 150,000 | 162,875 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group Series A | 5.50 | 12-1-2052 | 2,500,000 | 2,732,410 | ||
Wisconsin HEFA Beloit Health System Obligated Group | 4.00 | 7-1-2036 | 4,000,000 | 3,962,834 | ||
Wisconsin HEFA Beloit Health System Obligated Group | 5.00 | 7-1-2028 | 50,000 | 52,917 | ||
Wisconsin HEFA Beloit Health System Obligated Group | 5.00 | 7-1-2029 | 1,270,000 | 1,359,771 | ||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series A | 3.00 | 2-15-2031 | 230,000 | 208,134 | ||
See accompanying notes to portfolio of investments
Allspring Wisconsin Tax-Free Fund | 3
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Health revenue(continued) | ||||||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series C | 3.25 % | 2-15-2032 | $ | 185,000 | $166,745 | |
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series C | 4.00 | 2-15-2042 | 500,000 | 447,683 | ||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series C | 5.00 | 2-15-2027 | 400,000 | 411,826 | ||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series C | 5.00 | 2-15-2028 | 650,000 | 667,922 | ||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series C | 5.00 | 2-15-2029 | 500,000 | 514,246 | ||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series C | 5.00 | 2-15-2047 | 2,385,000 | 2,333,935 | ||
Wisconsin HEFA Masonic Home Obligated Group Series A | 4.00 | 8-15-2024 | 125,000 | 124,494 | ||
Wisconsin HEFA Masonic Home Obligated Group Series A | 4.00 | 8-15-2030 | 100,000 | 99,219 | ||
Wisconsin HEFA Masonic Home Obligated Group Series A | 4.00 | 8-15-2031 | 75,000 | 74,289 | ||
Wisconsin HEFA Masonic Home Obligated Group Series A | 4.00 | 8-15-2041 | 2,145,000 | 1,835,210 | ||
Wisconsin HEFA Masonic Home Obligated Group Series A | 4.00 | 8-15-2046 | 850,000 | 683,263 | ||
Wisconsin HEFA Masonic Home Obligated Group Series A | 4.00 | 8-15-2051 | 500,000 | 382,307 | ||
Wisconsin HEFA Monroe Clinic, Inc. | 3.00 | 2-15-2035 | 520,000 | 514,238 | ||
Wisconsin HEFA Monroe Clinic, Inc. | 4.00 | 2-15-2031 | 900,000 | 902,272 | ||
Wisconsin HEFA Monroe Clinic, Inc. | 4.00 | 2-15-2033 | 550,000 | 551,388 | ||
Wisconsin HEFA Monroe Clinic, Inc. | 5.00 | 2-15-2028 | 400,000 | 406,295 | ||
Wisconsin HEFA Monroe Clinic, Inc. | 5.00 | 2-15-2029 | 575,000 | 584,049 | ||
Wisconsin HEFA Monroe Clinic, Inc. | 5.00 | 2-15-2030 | 465,000 | 472,318 | ||
Wisconsin HEFA Rogers Memorial Hospital, Inc. Obligated Group Series A | 5.00 | 7-1-2044 | 1,200,000 | 1,226,010 | ||
Wisconsin HEFA Rogers Memorial Hospital, Inc. Obligated Group Series A | 5.00 | 7-1-2049 | 250,000 | 254,272 | ||
Wisconsin HEFA Rogers Memorial Hospital, Inc. Obligated Group Series B | 5.00 | 7-1-2044 | 3,485,000 | 3,486,491 | ||
Wisconsin HEFA St. John’s Communities, Inc. Obligated Group | 4.00 | 9-15-2045 | 650,000 | 530,902 | ||
Wisconsin HEFA St. John’s Communities, Inc. Obligated Group Series B | 4.00 | 9-15-2045 | 475,000 | 387,967 | ||
31,459,878 | ||||||
Housing revenue: 30.81% | ||||||
Ashwaubenon CDA County of Brown | 3.00 | 6-1-2044 | 1,680,000 | 1,337,071 | ||
Ashwaubenon CDA County of Brown | 4.00 | 6-1-2030 | 250,000 | 261,826 | ||
Ashwaubenon CDA County of Brown | 4.00 | 6-1-2031 | 1,310,000 | 1,367,584 | ||
Ashwaubenon CDA County of Brown | 4.00 | 6-1-2035 | 900,000 | 928,903 | ||
Ashwaubenon CDA County of Brown | 4.00 | 6-1-2036 | 265,000 | 272,492 | ||
Ashwaubenon CDA County of Brown CAB¤ | 0.00 | 6-1-2049 | 8,000,000 | 2,446,053 | ||
Green Bay Housing Authority University Village Housing, Inc. | 2.00 | 4-1-2028 | 125,000 | 113,328 | ||
Green Bay Housing Authority University Village Housing, Inc. | 2.00 | 4-1-2029 | 250,000 | 222,939 | ||
Green Bay Housing Authority University Village Housing, Inc. | 2.00 | 4-1-2030 | 875,000 | 768,443 | ||
Green Bay Housing Authority University Village Housing, Inc. | 5.00 | 4-1-2039 | 1,500,000 | 1,606,300 | ||
Kaukauna RDA | 3.75 | 6-1-2032 | 850,000 | 851,827 | ||
Kaukauna RDA | 4.00 | 6-1-2025 | 425,000 | 427,583 | ||
Kaukauna RDA | 4.00 | 6-1-2028 | 425,000 | 429,456 | ||
See accompanying notes to portfolio of investments
4 | Allspring Wisconsin Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Housing revenue(continued) | ||||||
Kaukauna RDA | 4.00 % | 6-1-2035 | $ | 900,000 | $904,979 | |
Milwaukee RDA Board of School Directors | 5.00 | 11-15-2028 | 325,000 | 340,010 | ||
Milwaukee RDA Board of School Directors | 5.00 | 11-15-2030 | 185,000 | 193,022 | ||
Milwaukee RDA Board of School Directors | 5.00 | 11-15-2033 | 750,000 | 781,565 | ||
Milwaukee RDA Board of School Directors | 5.00 | 11-15-2034 | 675,000 | 703,753 | ||
Milwaukee RDA Board of School Directors | 5.00 | 11-15-2036 | 500,000 | 518,750 | ||
Milwaukee RDA Public Schools Series A | 5.00 | 11-15-2024 | 280,000 | 282,185 | ||
Milwaukee RDA Public Schools Series A | 5.00 | 11-15-2026 | 220,000 | 230,079 | ||
Milwaukee RDA Public Schools Series A | 5.00 | 11-15-2027 | 1,020,000 | 1,063,189 | ||
Milwaukee RDA Public Schools Series A | 5.00 | 11-15-2028 | 1,000,000 | 1,046,183 | ||
Milwaukee RDA Public Schools Series A | 5.00 | 11-15-2031 | 750,000 | 782,332 | ||
Weston CDA Village of Weston Tax Incremental District No. 1 Series A | 2.00 | 10-1-2024 | 625,000 | 616,084 | ||
Weston CDA Village of Weston Tax Incremental District No. 1 Series A | 2.15 | 10-1-2025 | 615,000 | 597,561 | ||
Weston CDA Village of Weston Tax Incremental District No. 1 Series A | 2.25 | 10-1-2026 | 940,000 | 905,038 | ||
Weston CDA Village of Weston Tax Incremental District No. 1 Series A | 2.40 | 10-1-2027 | 570,000 | 544,591 | ||
Wisconsin Center District Milwaukee Arena Project | 4.00 | 12-15-2032 | 1,100,000 | 1,122,643 | ||
Wisconsin Center District Milwaukee Arena Project | 4.00 | 12-15-2033 | 920,000 | 932,448 | ||
Wisconsin Center District Milwaukee Arena Project | 4.00 | 12-15-2034 | 2,000,000 | 2,040,210 | ||
Wisconsin Center District Milwaukee Arena Project | 5.00 | 12-15-2026 | 85,000 | 87,829 | ||
Wisconsin Center District Milwaukee Arena Project | 5.00 | 12-15-2032 | 85,000 | 87,957 | ||
Wisconsin Dells CDA Tax Incremental District No. 2 | 4.00 | 3-1-2026 | 440,000 | 430,720 | ||
Wisconsin Dells CDA Tax Incremental District No. 2 | 5.00 | 3-1-2025 | 210,000 | 210,999 | ||
Wisconsin Dells CDA Tax Incremental District No. 3 Series B | 3.35 | 3-1-2026 | 530,000 | 509,544 | ||
Wisconsin Housing & EDA Housing Revenue Series A | 3.38 | 5-1-2057 | 635,000 | 477,430 | ||
Wisconsin Housing & EDA Housing Revenue Series A | 3.40 | 11-1-2032 | 2,450,000 | 2,391,188 | ||
Wisconsin Housing & EDA Housing Revenue Series A | 3.95 | 11-1-2038 | 2,000,000 | 1,987,775 | ||
Wisconsin Housing & EDA Housing Revenue Series A AMT | 4.63 | 11-1-2037 | 10,000 | 10,005 | ||
Wisconsin Housing & EDA Housing Revenue Series C | 3.88 | 11-1-2035 | 1,100,000 | 1,100,492 | ||
Wisconsin Housing & EDA Housing Revenue Series C (Department of Housing and Urban Development Insured)øø | 0.61 | 11-1-2042 | 365,000 | 364,009 | ||
Wisconsin Housing & EDA Housing Revenue Series C (Department of Housing and Urban Development Insured) | 0.80 | 5-1-2025 | 275,000 | 263,293 | ||
Wisconsin Housing & EDA Housing Revenue Series C (Department of Housing and Urban Development Insured) | 0.85 | 11-1-2025 | 320,000 | 301,674 | ||
Wisconsin Housing & EDA Housing Revenue Series C (Department of Housing and Urban Development Insured) | 0.95 | 5-1-2026 | 205,000 | 190,646 | ||
Wisconsin Housing & EDA Housing Revenue Series C (Department of Housing and Urban Development Insured) | 1.00 | 11-1-2026 | 330,000 | 308,841 | ||
Wisconsin Housing & EDA Housing Revenue Series C (Department of Housing and Urban Development Insured) | 1.20 | 5-1-2027 | 310,000 | 279,492 | ||
Wisconsin Housing & EDA Housing Revenue Series C (Department of Housing and Urban Development Insured) | 1.35 | 11-1-2027 | 345,000 | 309,593 | ||
Wisconsin Housing & EDA Multifamily Housing Revenue Series A AMT | 4.05 | 12-1-2049 | 800,000 | 762,494 | ||
Wisconsin Housing & EDA WHPC Madison Pool Project-2017 Obligated Group Series A | 4.55 | 7-1-2037 | 165,000 | 168,777 | ||
See accompanying notes to portfolio of investments
Allspring Wisconsin Tax-Free Fund | 5
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Housing revenue(continued) | ||||||
Wisconsin Housing & EDA WHPC Madison Pool Project-2017 Obligated Group Series A | 4.70 % | 7-1-2047 | $ | 1,300,000 | $1,311,595 | |
Wisconsin Housing & EDA WHPC Madison Pool Project-2017 Obligated Group Series A | 4.85 | 7-1-2052 | 3,000,000 | 3,053,914 | ||
39,246,694 | ||||||
Miscellaneous revenue: 5.54% | ||||||
Appleton RDA Fox Cities Performing Arts Center, Inc. Series B (Associated Bank N.A. LOC)ø | 3.60 | 6-1-2036 | 1,000,000 | 1,000,000 | ||
Wisconsin Center District (AGM Insured)¤ | 0.00 | 12-15-2030 | 295,000 | 233,152 | ||
Wisconsin Center District (AGM Insured) | 5.25 | 12-15-2027 | 1,005,000 | 1,053,433 | ||
Wisconsin Center District Series A CAB (BAM Insured)¤ | 0.00 | 12-15-2033 | 2,985,000 | 2,089,478 | ||
Wisconsin Center District Series A (NPFGC Insured)¤ | 0.00 | 12-15-2027 | 100,000 | 87,394 | ||
Wisconsin Center District Series C CAB (AGM Insured)¤ | 0.00 | 12-15-2028 | 1,075,000 | 911,807 | ||
Wisconsin Center District Series C CAB (AGM Insured)¤ | 0.00 | 12-15-2030 | 1,095,000 | 865,431 | ||
Wisconsin Center District Series D CAB (AGM Insured)¤ | 0.00 | 12-15-2045 | 2,250,000 | 820,775 | ||
7,061,470 | ||||||
Tax revenue: 2.33% | ||||||
Southeast Wisconsin Professional Baseball Park District (NPFGC Insured)¤ | 0.00 | 12-15-2025 | 200,000 | 188,936 | ||
Southeast Wisconsin Professional Baseball Park District (NPFGC Insured)¤ | 0.00 | 12-15-2027 | 250,000 | 223,190 | ||
Southeast Wisconsin Professional Baseball Park District Series A (NPFGC Insured) | 5.50 | 12-15-2026 | 2,435,000 | 2,515,762 | ||
Warrens CDA | 3.70 | 11-1-2029 | 46,736 | 39,748 | ||
2,967,636 | ||||||
Utilities revenue: 0.39% | ||||||
PFA Duke Energy Progress LLC Series A-1øø | 3.30 | 10-1-2046 | 500,000 | 494,794 | ||
99,341,356 | ||||||
Total municipal obligations (Cost $129,394,219) | 122,994,418 | |||||
Total investments in securities (Cost $129,394,219) | 96.55 % | 122,994,418 | ||||
Other assets and liabilities, net | 3.45 | 4,392,793 | ||||
Total net assets | 100.00 % | $127,387,211 | ||||
øø | The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end. |
144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of 1933. |
± | Variable rate investment. The rate shown is the rate in effect at period end. |
ø | Variable rate demand notes are subject to a demand feature which reduces the effective maturity. The maturity date shown represents the final maturity date of the security. The interest rate is determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. The rate shown is the rate in effect at period end. |
¤ | The security is issued in zero coupon form with no periodic interest payments. |
See accompanying notes to portfolio of investments
6 | Allspring Wisconsin Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Abbreviations: | |
AGM | Assured Guaranty Municipal |
AMT | Alternative minimum tax |
BAM | Build America Mutual Assurance Company |
CAB | Capital appreciation bond |
CDA | Community Development Authority |
EDA | Economic Development Authority |
GO | General obligation |
HEFA | Health & Educational Facilities Authority |
LOC | Letter of credit |
NPFGC | National Public Finance Guarantee Corporation |
PFA | Public Finance Authority |
RDA | Redevelopment Authority |
SIFMA | Securities Industry and Financial Markets Association |
See accompanying notes to portfolio of investments
Allspring Wisconsin Tax-Free Fund | 7
Notes to portfolio of investments—March 31, 2024 (unaudited)
Notes to portfolio of investments
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Fund may deviate from this calculation time under unusual or unexpected circumstances.
Debt securities are valued at the evaluated bid price provided by an independent pricing service (e.g. taking into account various factors, including yields, maturities, or credit ratings) or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.
Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, LLC (“Allspring Funds Management”), which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management’s process for determining the fair value of the portfolio of investments.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the 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 March 31, 2024:
Quoted prices (Level 1) | Other significant observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total | |
Assets | ||||
Investments in: | ||||
Municipal obligations | $0 | $122,994,418 | $0 | $122,994,418 |
Total assets | $0 | $122,994,418 | $0 | $122,994,418 |
Additional sector, industry or geographic detail, if any, is included in the Portfolio of Investments.
At March 31, 2024, the Fund did not have any transfers into/out of Level 3.
8 | Allspring Wisconsin Tax-Free Fund