Portfolio of investments—March 31, 2024 (unaudited)
Portfolio of investments
Interest rate | Maturity date | Principal | Value | |||
Municipal obligations: 98.93% | ||||||
California: 94.94% | ||||||
Airport revenue: 11.06% | ||||||
California Municipal Finance Authority LAX Integrated Express Solutions LLC Series A AMT | 5.00 % | 6-30-2024 | $ | 1,115,000 | $1,115,428 | |
California Municipal Finance Authority LAX Integrated Express Solutions LLC Series A AMT | 5.00 | 12-31-2024 | 750,000 | 752,527 | ||
California Municipal Finance Authority LAX Integrated Express Solutions LLC Series A AMT | 5.00 | 6-30-2027 | 450,000 | 453,086 | ||
California Municipal Finance Authority LAX Integrated Express Solutions LLC Series A AMT | 5.00 | 6-30-2028 | 390,000 | 392,073 | ||
California Municipal Finance Authority LAX Integrated Express Solutions LLC Series A AMT | 5.00 | 12-31-2029 | 3,815,000 | 3,823,618 | ||
City of Los Angeles Department of Airports Series B AMT | 5.00 | 5-15-2025 | 6,000,000 | 6,094,393 | ||
City of Los Angeles Department of Airports Series B AMT | 5.00 | 5-15-2026 | 2,500,000 | 2,578,887 | ||
City of Los Angeles Department of Airports Series C AMT | 5.00 | 5-15-2027 | 3,730,000 | 3,910,494 | ||
City of Los Angeles Department of Airports Series C AMT | 5.00 | 5-15-2028 | 2,000,000 | 2,134,824 | ||
City of Los Angeles Department of Airports Series D AMT | 5.00 | 5-15-2026 | 2,890,000 | 2,975,819 | ||
City of Los Angeles Department of Airports Series D AMT | 5.00 | 5-15-2028 | 2,705,000 | 2,887,349 | ||
City of Palm Springs Passenger Facility Charge Revenue AMT (BAM Insured) | 5.00 | 6-1-2027 | 1,205,000 | 1,220,056 | ||
County of Sacramento Airport System Revenue Series F AMT | 5.00 | 7-1-2024 | 1,760,000 | 1,763,085 | ||
San Diego County Regional Airport Authority Series C AMT | 5.00 | 7-1-2027 | 750,000 | 784,047 | ||
San Diego County Regional Airport Authority Series C AMT | 5.00 | 7-1-2028 | 1,000,000 | 1,062,815 | ||
San Diego County Regional Airport Authority Series C AMT | 5.00 | 7-1-2029 | 1,000,000 | 1,080,139 | ||
San Francisco City & County Airport Commission San Francisco International Airport Series C AMT | 5.00 | 5-1-2028 | 4,600,000 | 4,872,511 | ||
37,901,151 | ||||||
Education revenue: 8.96% | ||||||
California Educational Facilities Authority Loma Linda University Series A | 5.00 | 4-1-2024 | 550,000 | 550,000 | ||
California Educational Facilities Authority Loma Linda University Series A | 5.00 | 4-1-2026 | 325,000 | 334,358 | ||
California Infrastructure & Economic Development Bank Colburn School (SIFMA Municipal Swap+0.90%)± | 4.54 | 8-1-2072 | 5,000,000 | 4,927,703 | ||
California Municipal Finance Authority Biola University, Inc. | 5.00 | 10-1-2027 | 790,000 | 827,441 | ||
California Municipal Finance Authority Institute of the Arts | 4.00 | 10-1-2033 | 250,000 | 253,537 | ||
California Municipal Finance Authority Institute of the Arts | 4.00 | 10-1-2035 | 350,000 | 352,437 | ||
California Municipal Finance Authority Lutheran University | 5.00 | 10-1-2024 | 275,000 | 275,671 | ||
California Municipal Finance Authority Lutheran University | 5.00 | 10-1-2025 | 275,000 | 279,065 | ||
California Municipal Finance Authority Lutheran University | 5.00 | 10-1-2026 | 300,000 | 309,145 | ||
California Municipal Finance Authority Palmdale Aerospace Academy, Inc. Series A144A | 3.88 | 7-1-2028 | 1,075,000 | 1,052,073 | ||
California Municipal Finance Authority University of the Pacific Series A | 5.00 | 11-1-2024 | 600,000 | 604,053 | ||
California Municipal Finance Authority University of the Pacific Series A | 5.00 | 11-1-2025 | 600,000 | 617,045 | ||
California Municipal Finance Authority University of the Pacific Series A | 5.00 | 11-1-2026 | 625,000 | 656,997 | ||
See accompanying notes to portfolio of investments
Allspring California Limited-Term Tax-Free Fund | 1
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Education revenue(continued) | ||||||
California Municipal Finance Authority University of the Pacific Series A | 5.00 % | 11-1-2027 | $ | 650,000 | $698,909 | |
California Municipal Finance Authority University of the Pacific Series A | 5.00 | 11-1-2028 | 700,000 | 767,915 | ||
California Municipal Finance Authority University of the Pacific Series A | 5.00 | 11-1-2029 | 470,000 | 524,106 | ||
California Municipal Finance Authority University of the Pacific Series A | 5.00 | 11-1-2030 | 500,000 | 567,887 | ||
California School Finance Authority Aspire Public Schools Obligated Group Series A144A | 2.13 | 8-1-2031 | 500,000 | 437,611 | ||
California School Finance Authority Bright Star Schools Obligated Group144A | 5.00 | 6-1-2027 | 855,000 | 860,374 | ||
California School Finance Authority Classical Academy Obligated Group Series A144A | 3.00 | 10-1-2031 | 375,000 | 345,061 | ||
California School Finance Authority Granada Hills Charter High School Obligated Group Series A144A | 4.00 | 7-1-2029 | 535,000 | 535,416 | ||
California School Finance Authority Hawking STEAM Charter Schools, Inc.144A | 5.00 | 7-1-2024 | 380,000 | 380,912 | ||
California School Finance Authority Hawking STEAM Charter Schools, Inc.144A | 5.00 | 7-1-2026 | 420,000 | 431,007 | ||
California School Finance Authority Hawking STEAM Charter Schools, Inc.144A | 5.00 | 7-1-2027 | 440,000 | 457,189 | ||
California School Finance Authority Hawking STEAM Charter Schools, Inc.144A | 5.00 | 7-1-2028 | 465,000 | 488,345 | ||
California School Finance Authority Hawking STEAM Charter Schools, Inc.144A | 5.00 | 7-1-2029 | 485,000 | 513,607 | ||
California School Finance Authority Hawking STEAM Charter Schools, Inc.144A | 5.00 | 7-1-2030 | 510,000 | 539,086 | ||
California School Finance Authority Hawking STEAM Charter Schools, Inc.144A | 5.00 | 7-1-2031 | 535,000 | 564,729 | ||
California School Finance Authority Hawking STEAM Charter Schools, Inc.144A | 5.00 | 7-1-2032 | 565,000 | 595,297 | ||
California School Finance Authority Rocketship Education Obligated Group Series A144A | 5.00 | 6-1-2026 | 295,000 | 297,603 | ||
California School Finance Authority Santa Clarita Valley International Charter School Series A144A | 4.00 | 6-1-2031 | 260,000 | 244,491 | ||
California State University Series B-2øø | 0.55 | 11-1-2049 | 8,625,000 | 7,769,476 | ||
California State University Series B-3øø | 3.13 | 11-1-2051 | 1,500,000 | 1,495,808 | ||
Fullerton PFA Marshall B Ketchum University Series A | 4.00 | 2-1-2029 | 360,000 | 377,520 | ||
Fullerton PFA Marshall B Ketchum University Series A | 4.00 | 2-1-2031 | 415,000 | 436,329 | ||
Fullerton PFA Marshall B Ketchum University Series A | 4.00 | 2-1-2033 | 325,000 | 339,731 | ||
30,707,934 | ||||||
GO revenue: 10.47% | ||||||
Aromas-San Juan Unified School District CAB BAN¤ | 0.00 | 8-1-2027 | 1,375,000 | 1,204,793 | ||
Cajon Valley Union School District | 5.00 | 8-1-2026 | 340,000 | 356,341 | ||
Cajon Valley Union School District | 5.00 | 8-1-2027 | 200,000 | 214,505 | ||
Carlsbad Unified School District Series B | 3.00 | 8-1-2031 | 300,000 | 297,774 | ||
Carlsbad Unified School District Series B | 3.00 | 8-1-2032 | 350,000 | 346,742 | ||
See accompanying notes to portfolio of investments
2 | Allspring California Limited-Term Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
GO revenue(continued) | ||||||
Carlsbad Unified School District Series B | 3.00 % | 8-1-2034 | $ | 300,000 | $295,517 | |
Carlsbad Unified School District Series B | 3.00 | 8-1-2035 | 250,000 | 244,681 | ||
Carlsbad Unified School District Series B | 3.00 | 8-1-2036 | 350,000 | 335,111 | ||
Inglewood Unified School District Series B (BAM Insured) | 5.00 | 8-1-2024 | 150,000 | 150,572 | ||
Inglewood Unified School District Series B (BAM Insured) | 5.00 | 8-1-2025 | 170,000 | 173,733 | ||
Inglewood Unified School District Series B (BAM Insured) | 5.00 | 8-1-2026 | 235,000 | 245,267 | ||
Local Public Schools Funding Authority School Improvement District No. 2016-1 Series B (AGM Insured) | 3.00 | 8-1-2033 | 225,000 | 215,527 | ||
Local Public Schools Funding Authority School Improvement District No. 2016-1 Series B (AGM Insured) | 3.00 | 8-1-2034 | 375,000 | 355,352 | ||
Local Public Schools Funding Authority School Improvement District No. 2016-1 Series B (AGM Insured) | 3.00 | 8-1-2035 | 520,000 | 486,377 | ||
Newman-Crows Landing Unified School District CAB BAN¤ | 0.00 | 8-1-2025 | 2,000,000 | 1,904,423 | ||
Oakland Unified School District/Alameda County | 5.00 | 8-1-2029 | 10,125,000 | 10,630,044 | ||
Oakland Unified School District/Alameda County Series A | 5.00 | 8-1-2024 | 600,000 | 602,744 | ||
Oakland Unified School District/Alameda County Series B | 5.00 | 8-1-2026 | 500,000 | 522,190 | ||
Oakland Unified School District/Alameda County Series C | 5.00 | 8-1-2025 | 795,000 | 814,232 | ||
Palomar Health Obligated Group Series A (NPFGC Insured)¤ | 0.00 | 8-1-2025 | 1,000,000 | 952,958 | ||
Pittsburg Unified School District (AGM Insured) | 4.00 | 8-1-2031 | 150,000 | 158,137 | ||
Pittsburg Unified School District (AGM Insured) | 4.00 | 8-1-2032 | 250,000 | 262,971 | ||
Sacramento City Unified School District Series G (AGM Insured) | 4.00 | 8-1-2030 | 150,000 | 157,774 | ||
Sacramento City Unified School District Series G (AGM Insured) | 4.00 | 8-1-2031 | 200,000 | 211,994 | ||
Sacramento City Unified School District Series G (AGM Insured) | 4.00 | 8-1-2032 | 200,000 | 212,151 | ||
Sacramento City Unified School District Series G (AGM Insured) | 4.00 | 8-1-2033 | 200,000 | 211,919 | ||
San Bernardino City Unified School District Series A (AGM Insured) | 1.25 | 8-1-2029 | 435,000 | 378,600 | ||
San Bernardino City Unified School District Series A (AGM Insured) | 4.00 | 8-1-2031 | 875,000 | 943,198 | ||
San Gorgonio Memorial Health Care District | 4.00 | 8-1-2027 | 1,090,000 | 1,051,149 | ||
San Gorgonio Memorial Health Care District | 4.00 | 8-1-2030 | 580,000 | 544,272 | ||
Sierra Kings Health Care District | 4.00 | 8-1-2024 | 420,000 | 419,384 | ||
Sierra Kings Health Care District | 5.00 | 8-1-2032 | 1,240,000 | 1,257,930 | ||
State of California | 4.00 | 9-1-2026 | 6,000,000 | 6,139,112 | ||
State of California | 5.00 | 8-1-2025 | 3,500,000 | 3,583,746 | ||
35,881,220 | ||||||
Health revenue: 17.10% | ||||||
California HFFA Adventist Health System/West Obligated Group Series Aøø | 5.00 | 3-1-2040 | 4,000,000 | 4,194,090 | ||
California HFFA CommonSpirit Health Obligated Group Series A | 5.00 | 12-1-2025 | 675,000 | 694,835 | ||
California HFFA CommonSpirit Health Obligated Group Series A | 5.00 | 12-1-2026 | 500,000 | 525,149 | ||
California HFFA CommonSpirit Health Obligated Group Series A | 5.00 | 4-1-2032 | 1,500,000 | 1,663,627 | ||
California HFFA El Camino Hospital | 5.00 | 2-1-2025 | 1,000,000 | 1,011,231 | ||
California HFFA Episcopal Communities & Services for Seniors Obligated Group Series A | 3.85 | 11-15-2027 | 2,600,000 | 2,600,276 | ||
California HFFA On Lok Senior Health Services Obligated Group | 3.00 | 8-1-2025 | 475,000 | 468,246 | ||
California HFFA On Lok Senior Health Services Obligated Group | 3.00 | 8-1-2028 | 400,000 | 390,109 | ||
California HFFA On Lok Senior Health Services Obligated Group | 3.00 | 8-1-2030 | 210,000 | 204,408 | ||
California HFFA Providence St. Joseph Health Obligated Group Series B-3øø | 2.00 | 10-1-2036 | 5,000,000 | 4,836,828 | ||
See accompanying notes to portfolio of investments
Allspring California Limited-Term Tax-Free Fund | 3
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Health revenue(continued) | ||||||
California HFFA Providence St. Joseph Health Obligated Group Series D California Health Facilities Financing Authority | 5.00 % | 7-1-2031 | $ | 7,035,000 | $7,755,631 | |
California HFFA Stanford Health Care Obligated Group Series Aøø | 3.00 | 8-15-2054 | 4,700,000 | 4,683,908 | ||
California Municipal Finance Authority Aldersly Series B | 3.75 | 11-15-2028 | 2,990,000 | 2,991,377 | ||
California Municipal Finance Authority Aldersly Series B | 4.00 | 11-15-2028 | 595,000 | 597,651 | ||
California Municipal Finance Authority Carmel Valley Manor Obligated Group | 5.00 | 5-15-2024 | 185,000 | 185,223 | ||
California Municipal Finance Authority Carmel Valley Manor Obligated Group | 5.00 | 5-15-2025 | 200,000 | 203,389 | ||
California Municipal Finance Authority Carmel Valley Manor Obligated Group | 5.00 | 5-15-2026 | 185,000 | 192,880 | ||
California Municipal Finance Authority Community Hospitals of Central California Obligated Group Series A | 5.00 | 2-1-2025 | 1,000,000 | 1,006,169 | ||
California Municipal Finance Authority Community Hospitals of Central California Obligated Group Series A | 5.00 | 2-1-2027 | 1,000,000 | 1,033,829 | ||
California Municipal Finance Authority Congregational Homes, Inc. Obligated Group Series B | 2.13 | 11-15-2026 | 565,000 | 564,999 | ||
California Municipal Finance Authority Congregational Homes, Inc. Obligated Group Series B-1 | 2.75 | 11-15-2027 | 520,000 | 519,102 | ||
California Municipal Finance Authority Eisenhower Medical Center Series A | 5.00 | 7-1-2027 | 1,650,000 | 1,712,570 | ||
California Municipal Finance Authority Eisenhower Medical Center Series A | 5.00 | 7-1-2029 | 400,000 | 416,347 | ||
California Municipal Finance Authority Healthright 360 Series A144A | 5.00 | 11-1-2029 | 1,170,000 | 1,196,856 | ||
California Municipal Finance Authority Northern California Retired Officers Community Series B1 | 2.25 | 7-1-2025 | 685,000 | 669,725 | ||
California Municipal Finance Authority Open Door Community Health Centers | 4.00 | 9-15-2030 | 790,000 | 838,812 | ||
California Municipal Finance Authority Open Door Community Health Centers | 4.00 | 9-15-2033 | 890,000 | 937,973 | ||
California PFA Henry Mayo Newhall Hospital Obligated Group | 5.00 | 10-15-2030 | 1,165,000 | 1,187,141 | ||
California PFA Henry Mayo Newhall Hospital Obligated Group | 5.00 | 10-15-2033 | 500,000 | 509,176 | ||
California PFA Henry Mayo Newhall Hospital Obligated Group Series A | 4.00 | 10-15-2028 | 360,000 | 362,745 | ||
California PFA Henry Mayo Newhall Hospital Obligated Group Series Bøø | 4.00 | 10-15-2051 | 690,000 | 675,138 | ||
California PFA Kendal at Sonoma Obligated Group Series B-2144A | 2.38 | 11-15-2028 | 1,000,000 | 976,168 | ||
California Statewide CDA Cedars-Sinai Medical Center Obligated Group | 5.00 | 7-1-2025 | 500,000 | 508,878 | ||
California Statewide CDA Cedars-Sinai Medical Center Obligated Group | 5.00 | 7-1-2026 | 500,000 | 522,243 | ||
California Statewide CDA CommonSpirit Health Obligated Group Series F (AGM Insured)€ | 3.99 | 7-1-2040 | 1,000,000 | 1,000,000 | ||
California Statewide CDA Emanate Health Obligated Group Series A | 5.00 | 4-1-2028 | 755,000 | 800,443 | ||
California Statewide CDA Emanate Health Obligated Group Series A | 5.00 | 4-1-2029 | 795,000 | 856,835 | ||
California Statewide CDA Hebrew Home for Aged Disabled | 5.00 | 11-1-2030 | 900,000 | 951,633 | ||
California Statewide CDA HumanGood California Obligated Group | 5.00 | 10-1-2026 | 720,000 | 729,520 | ||
California Statewide CDA HumanGood California Obligated Group | 5.00 | 10-1-2027 | 1,000,000 | 1,015,162 | ||
California Statewide CDA HumanGood California Obligated Group | 5.00 | 10-1-2028 | 1,125,000 | 1,144,169 | ||
See accompanying notes to portfolio of investments
4 | Allspring California Limited-Term Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Health revenue(continued) | ||||||
California Statewide CDA Loma Linda University Medical Center Obligated Group Series A144A | 5.00 % | 12-1-2026 | $ | 250,000 | $256,250 | |
California Statewide CDA Loma Linda University Medical Center Obligated Group Series A144A | 5.00 | 12-1-2027 | 300,000 | 309,318 | ||
California Statewide CDA Loma Linda University Medical Center Obligated Group Series A144A | 5.00 | 12-1-2028 | 250,000 | 259,731 | ||
California Statewide CDA Odd Fellows Home Series A | 5.00 | 4-1-2024 | 400,000 | 400,000 | ||
California Statewide CDA Odd Fellows Home Series A | 5.00 | 4-1-2025 | 485,000 | 492,487 | ||
California Statewide CDA Odd Fellows Home Series A | 5.00 | 4-1-2026 | 275,000 | 285,938 | ||
Sierra View Local Health Care District | 4.00 | 7-1-2025 | 580,000 | 579,847 | ||
Sierra View Local Health Care District | 5.00 | 7-1-2027 | 630,000 | 656,436 | ||
Sierra View Local Health Care District | 5.00 | 7-1-2029 | 630,000 | 674,532 | ||
Washington Township Health Care District Series A | 4.00 | 7-1-2033 | 275,000 | 277,172 | ||
Washington Township Health Care District Series A | 5.00 | 7-1-2029 | 350,000 | 371,122 | ||
Washington Township Health Care District Series A | 5.00 | 7-1-2030 | 300,000 | 322,048 | ||
Washington Township Health Care District Series A | 5.00 | 7-1-2031 | 325,000 | 346,993 | ||
58,566,365 | ||||||
Housing revenue: 11.14% | ||||||
Anaheim PFA Series A (BAM Insured) | 5.00 | 9-1-2032 | 1,745,000 | 1,925,571 | ||
California Enterprise Development Authority Provident Group-SDSU Properties LLC Series A | 5.00 | 8-1-2029 | 200,000 | 210,030 | ||
California Enterprise Development Authority Provident Group-SDSU Properties LLC Series A | 5.00 | 8-1-2030 | 325,000 | 344,274 | ||
California Housing Finance Agency Del Sur Family Housing LP Series Vøø | 5.00 | 5-1-2054 | 500,000 | 515,857 | ||
California Housing Finance Agency Class A Series 1 | 3.50 | 11-20-2035 | 2,864,665 | 2,685,201 | ||
California Housing Finance Agency Class A Series 2 | 4.00 | 3-20-2033 | 4,866,212 | 4,813,527 | ||
California Infrastructure & Economic Development Bank State Teachers’ Retirement System | 5.00 | 8-1-2027 | 400,000 | 427,034 | ||
California Municipal Finance Authority CHF-Davis I LLC | 5.00 | 5-15-2024 | 1,200,000 | 1,200,821 | ||
California Municipal Finance Authority CHF-Davis I LLC | 5.00 | 5-15-2025 | 3,435,000 | 3,475,832 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 4.00 | 5-15-2032 | 700,000 | 725,914 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 5.00 | 5-15-2029 | 400,000 | 431,569 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 5.00 | 5-15-2030 | 450,000 | 492,794 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 5.00 | 5-15-2031 | 400,000 | 442,766 | ||
California Municipal Finance Authority Placer 712 LP Series A (Department of Housing and Urban Development Insured)øø | 3.20 | 9-1-2045 | 1,250,000 | 1,244,219 | ||
California Municipal Finance Authority Southwestern Law School | 4.00 | 11-1-2031 | 175,000 | 178,026 | ||
California Municipal Finance Authority Southwestern Law School | 5.00 | 11-1-2026 | 275,000 | 283,134 | ||
California Municipal Finance Authority Southwestern Law School | 5.00 | 11-1-2027 | 290,000 | 302,753 | ||
California Municipal Finance Authority Southwestern Law School | 5.00 | 11-1-2028 | 200,000 | 211,534 | ||
California Municipal Finance Authority Southwestern Law School | 5.00 | 11-1-2029 | 210,000 | 224,852 | ||
California Municipal Finance Authority Southwestern Law School | 5.00 | 11-1-2030 | 220,000 | 237,879 | ||
California Statewide CDA CHF-Irvine LLC (BAM Insured) | 5.00 | 5-15-2026 | 1,605,000 | 1,652,661 | ||
See accompanying notes to portfolio of investments
Allspring California Limited-Term Tax-Free Fund | 5
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Housing revenue(continued) | ||||||
California Statewide CDA Lancer Educational Housing LLC Series A144A | 3.00 % | 6-1-2029 | $ | 635,000 | $595,709 | |
California Statewide CDA Uptown Newport Building Owner LP Series BB (East West Bank LOC)ø | 3.63 | 3-1-2057 | 2,000,000 | 2,000,000 | ||
City of Long Beach Harbor Revenue Series C AMT | 5.00 | 5-15-2027 | 500,000 | 507,285 | ||
Compton PFA144A | 4.00 | 9-1-2027 | 1,635,000 | 1,628,249 | ||
El Centro Financing Authority Series B | 4.00 | 10-1-2026 | 140,000 | 142,161 | ||
El Centro Financing Authority Series B | 4.00 | 10-1-2027 | 365,000 | 374,138 | ||
El Centro Financing Authority Series B | 4.00 | 10-1-2028 | 255,000 | 263,501 | ||
El Centro Financing Authority Series B | 4.00 | 10-1-2029 | 265,000 | 276,218 | ||
El Centro Financing Authority Series B | 4.00 | 10-1-2030 | 275,000 | 288,283 | ||
El Centro Financing Authority Series B | 4.00 | 10-1-2031 | 285,000 | 299,606 | ||
FHLMC Multifamily VRD Certificates Series M-057 | 2.40 | 10-15-2029 | 5,955,000 | 5,457,044 | ||
Independent Cities Finance Authority Millennium Housing of California | 4.25 | 5-15-2024 | 745,000 | 745,703 | ||
Los Angeles County Public Works Financing Authority Series D | 5.00 | 12-1-2027 | 1,605,000 | 1,664,415 | ||
Sacramento County Housing Authority Series C (FNMA LIQ, FNMA Insured)ø | 3.06 | 7-15-2029 | 335,000 | 335,000 | ||
San Diego Housing Authority, Inc. Bernardo Family Housing LP Series Bøø | 5.00 | 5-1-2057 | 1,500,000 | 1,546,976 | ||
38,150,536 | ||||||
Industrial development revenue: 1.52% | ||||||
California Statewide Communities Development Authority Southern California Edison Co. Series C | 4.50 | 11-1-2033 | 2,000,000 | 2,182,159 | ||
San Francisco City & County Airport Commission San Francisco International Airport SFO Fuel Co. LLC Series A AMT | 5.00 | 1-1-2025 | 3,000,000 | 3,020,657 | ||
5,202,816 | ||||||
Miscellaneous revenue: 6.48% | ||||||
California Housing Finance Agency City & County of San Francisco Series N | 5.00 | 4-1-2029 | 630,000 | 687,491 | ||
California Housing Finance Agency City & County of San Francisco Series N | 5.00 | 4-1-2031 | 730,000 | 818,063 | ||
California Infrastructure & Economic Development Bank Academy of Sciences Series A | 3.25 | 8-1-2029 | 3,000,000 | 3,010,720 | ||
California Statewide CDA Series 2021-A | 4.00 | 9-2-2027 | 390,000 | 386,474 | ||
California Statewide CDA Series 2021-A | 4.00 | 9-2-2028 | 260,000 | 256,943 | ||
City of Irvine Assessment District No. 21-1 | 4.00 | 9-2-2029 | 1,220,000 | 1,274,310 | ||
City of Irvine Assessment District No. 21-1 (BAM Insured) | 4.00 | 9-2-2033 | 270,000 | 285,666 | ||
City of Irvine Reassessment District No. 15-2 | 5.00 | 9-2-2024 | 850,000 | 852,471 | ||
County of Santa Barbara Series B AMT | 5.00 | 12-1-2029 | 600,000 | 642,995 | ||
Independent Cities Finance Authority City of Compton Sales Tax Revenue (AGM Insured)144A | 4.00 | 6-1-2028 | 500,000 | 510,476 | ||
Independent Cities Finance Authority City of Compton Sales Tax Revenue (AGM Insured)144A | 4.00 | 6-1-2030 | 550,000 | 566,590 | ||
Lassen Municipal Utility District COP | 4.00 | 5-1-2029 | 485,000 | 492,271 | ||
Lassen Municipal Utility District COP | 4.00 | 5-1-2030 | 505,000 | 512,566 | ||
Lassen Municipal Utility District COP | 4.00 | 5-1-2031 | 525,000 | 531,725 | ||
See accompanying notes to portfolio of investments
6 | Allspring California Limited-Term Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Miscellaneous revenue(continued) | ||||||
Lassen Municipal Utility District COP | 4.00 % | 5-1-2032 | $ | 550,000 | $554,401 | |
Lassen Municipal Utility District COP | 4.00 | 5-1-2033 | 570,000 | 575,449 | ||
Lassen Municipal Utility District COP | 4.00 | 5-1-2034 | 595,000 | 604,657 | ||
Lodi PFA Electric System Revenue (AGM Insured) | 5.00 | 9-1-2024 | 1,100,000 | 1,105,504 | ||
Mountain House PFA Community Services District Series A | 5.00 | 12-1-2029 | 520,000 | 561,568 | ||
Mountain House PFA Community Services District Series A | 5.00 | 12-1-2030 | 710,000 | 764,208 | ||
Mountain House PFA Community Services District Series A | 5.00 | 12-1-2031 | 745,000 | 798,911 | ||
Palomar Health Obligated Group COP | 5.00 | 11-1-2024 | 300,000 | 300,571 | ||
Palomar Health Obligated Group COP | 5.00 | 11-1-2025 | 330,000 | 332,519 | ||
San Joaquin Area Flood Control Agency Smith Canal Area Assessment District (AGM Insured) | 5.00 | 10-1-2025 | 250,000 | 256,479 | ||
San Joaquin Area Flood Control Agency Smith Canal Area Assessment District (AGM Insured) | 5.00 | 10-1-2027 | 350,000 | 375,036 | ||
San Joaquin Area Flood Control Agency Smith Canal Area Assessment District (AGM Insured) | 5.00 | 10-1-2029 | 380,000 | 424,677 | ||
Sutter Butte Flood Control Agency Assessment District (BAM Insured) | 5.00 | 10-1-2024 | 715,000 | 719,651 | ||
UBS Auction Rate Preferred Shares Tender Option Bond Trust Series UA-7014 (UBS AG LIQ)144Aø | 3.65 | 7-7-2053 | 4,000,000 | 4,000,000 | ||
22,202,392 | ||||||
Resource recovery revenue: 0.44% | ||||||
California Municipal Finance Authority Waste Management, Inc. Series B AMTøø | 4.80 | 11-1-2041 | 1,500,000 | 1,504,022 | ||
Tax revenue: 10.34% | ||||||
California Statewide CDA Community Facilities District No. 2015-01 Area No. 2 | 5.00 | 9-1-2027 | 275,000 | 282,416 | ||
Cathedral City Redevelopment Successor Agency Series A (AGM Insured) | 5.00 | 8-1-2024 | 1,770,000 | 1,775,580 | ||
Cathedral City Redevelopment Successor Agency Series C (BAM Insured) | 4.00 | 8-1-2027 | 580,000 | 593,109 | ||
Cathedral City Redevelopment Successor Agency Series C (BAM Insured) | 4.00 | 8-1-2029 | 500,000 | 519,531 | ||
Cathedral City Redevelopment Successor Agency Series C (BAM Insured) | 4.00 | 8-1-2031 | 600,000 | 623,314 | ||
Chino PFA Series A (AGM Insured) | 5.00 | 9-1-2024 | 660,000 | 663,628 | ||
City & County of San Francisco Community Facilities District No. 2016-1 Area 1 Series 2021 | 4.00 | 9-1-2032 | 350,000 | 352,341 | ||
City & County of San Francisco Community Facilities District No. 2016-1 Area 1 Series 2021 | 4.00 | 9-1-2033 | 865,000 | 870,464 | ||
City & County of San Francisco Community Facilities District No. 2016-1 Area 1 Series 2021 | 4.00 | 9-1-2034 | 700,000 | 703,516 | ||
City & County of San Francisco Community Facilities District No. 2016-1 Series A144A | 4.00 | 9-1-2032 | 1,085,000 | 1,083,378 | ||
City & County of San Francisco Infrastructure & Revitalization Financing District No. 1 Series A144A | 5.00 | 9-1-2027 | 405,000 | 415,100 | ||
City of Fontana Community Facilities District No. 90 | 3.00 | 9-1-2025 | 110,000 | 107,181 | ||
City of Fontana Community Facilities District No. 90 | 4.00 | 9-1-2026 | 110,000 | 109,856 | ||
See accompanying notes to portfolio of investments
Allspring California Limited-Term Tax-Free Fund | 7
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Tax revenue(continued) | ||||||
City of Fontana Community Facilities District No. 90 | 4.00 % | 9-1-2027 | $ | 125,000 | $125,404 | |
City of Fontana Community Facilities District No. 90 | 4.00 | 9-1-2028 | 255,000 | 256,792 | ||
City of Fontana Community Facilities District No. 90 | 4.00 | 9-1-2030 | 140,000 | 141,963 | ||
City of Fontana Community Facilities District No. 90 | 4.00 | 9-1-2032 | 300,000 | 304,599 | ||
City of Fremont Community Facilities District No. 1 | 5.00 | 9-1-2024 | 1,000,000 | 1,002,787 | ||
City of Lincoln Community Facilities District No. 2003-1 | 4.00 | 9-1-2024 | 600,000 | 600,074 | ||
City of Lincoln Community Facilities District No. 2003-1 | 5.00 | 9-1-2025 | 550,000 | 560,926 | ||
City of Roseville Fiddyment Ranch Community Facilities District No. 1 Series A | 5.00 | 9-1-2024 | 1,905,000 | 1,909,997 | ||
City of Roseville Fiddyment Ranch Community Facilities District No. 1 Series A | 5.00 | 9-1-2029 | 1,595,000 | 1,658,238 | ||
City of Sacramento Transient Occupancy Tax Revenue Series A | 5.00 | 6-1-2027 | 575,000 | 607,537 | ||
City of San Diego Community Facilities District No. 2 | 4.00 | 9-1-2030 | 435,000 | 454,985 | ||
Compton Community Redevelopment Successor Agency Series A (AGM Insured) | 5.00 | 8-1-2025 | 4,095,000 | 4,184,372 | ||
Hollister Redevelopment Successor Agency (BAM Insured) | 5.00 | 10-1-2026 | 700,000 | 706,785 | ||
Inglewood Redevelopment Successor Agency Merged Redevelopment Project Series A (BAM Insured) | 5.00 | 5-1-2025 | 1,000,000 | 1,014,456 | ||
Lancaster Redevelopment Successor Agency Combined Redevelopment Project Areas (AGM Insured) | 5.00 | 8-1-2024 | 870,000 | 873,173 | ||
Lancaster Redevelopment Successor Agency Combined Redevelopment Project Areas (AGM Insured) | 5.00 | 8-1-2029 | 400,000 | 420,508 | ||
Oakdale Community Redevelopment Agency Series A (AGM Insured) | 5.00 | 6-1-2027 | 350,000 | 371,268 | ||
Orange County Community Facilities District No. 2015-1 Series A | 5.00 | 8-15-2025 | 325,000 | 329,292 | ||
Poway Unified School District PFA No. 6 Series B (BAM Insured) | 5.00 | 9-1-2024 | 1,115,000 | 1,120,946 | ||
Poway Unified School District PFA No. 6 Series B (BAM Insured) | 5.00 | 9-1-2025 | 775,000 | 793,521 | ||
Richmond County Redevelopment Successor Agency Series A (BAM Insured) | 4.00 | 9-1-2027 | 1,150,000 | 1,177,744 | ||
Richmond County Redevelopment Successor Agency Series A (BAM Insured) | 4.50 | 9-1-2025 | 160,000 | 160,687 | ||
Richmond County Redevelopment Successor Agency Series A (BAM Insured) | 5.00 | 9-1-2025 | 150,000 | 150,966 | ||
River Islands PFA Community Facilities District No. 2003-1 Area 1 Series A-1 (AGM Insured) | 5.00 | 9-1-2026 | 130,000 | 135,587 | ||
River Islands PFA Community Facilities District No. 2003-1 Area 1 Series A-1 (AGM Insured) | 5.00 | 9-1-2027 | 225,000 | 239,666 | ||
River Islands PFA Community Facilities District No. 2003-1 Area 1 Series A-1 (AGM Insured) | 5.00 | 9-1-2028 | 200,000 | 217,497 | ||
River Islands PFA Community Facilities District No. 2003-1 Area 1 Series A-1 (AGM Insured) | 5.00 | 9-1-2029 | 200,000 | 221,948 | ||
River Islands PFA Community Facilities District No. 2003-1 Area 1 Series A-1 (AGM Insured) | 5.00 | 9-1-2030 | 325,000 | 366,789 | ||
River Islands PFA Community Facilities District No. 2021 | 4.00 | 9-1-2030 | 200,000 | 200,490 | ||
River Islands PFA Community Facilities District No. 2021 | 4.00 | 9-1-2031 | 500,000 | 501,078 | ||
Roseville Finance Authority Series A | 5.00 | 9-1-2029 | 300,000 | 323,682 | ||
South Orange County PFA Series A | 5.00 | 8-15-2024 | 1,425,000 | 1,429,640 | ||
Stockton Redevelopment Successor Agency Series A (AGM Insured) | 5.00 | 9-1-2025 | 1,675,000 | 1,711,530 | ||
Tracy Community Facilities District No. 2016-01 Improvement Area No. 1 | 4.00 | 9-1-2024 | 135,000 | 134,610 | ||
See accompanying notes to portfolio of investments
8 | Allspring California Limited-Term Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Tax revenue(continued) | ||||||
Tracy Community Facilities District No. 2016-01 Improvement Area No. 1 | 4.00 % | 9-1-2025 | $ | 155,000 | $154,207 | |
Tracy Community Facilities District No. 2016-01 Improvement Area No. 1 | 5.00 | 9-1-2028 | 425,000 | 443,942 | ||
Transbay Joint Powers Authority Redevelopment Project Tax Increment Revenue Series A | 5.00 | 10-1-2029 | 500,000 | 535,527 | ||
Tustin Community Facilities District No. 06-1 Series A | 5.00 | 9-1-2025 | 1,000,000 | 1,018,895 | ||
Yuba City Redevelopment Agency (AGM Insured) | 5.00 | 9-1-2025 | 750,000 | 765,211 | ||
35,426,733 | ||||||
Tobacco revenue: 0.94% | ||||||
California County Tobacco Securitization Agency Los Angeles County Securitization Corp. Series A | 5.00 | 6-1-2030 | 450,000 | 497,726 | ||
California County Tobacco Securitization Agency Los Angeles County Securitization Corp. Series A | 5.00 | 6-1-2031 | 550,000 | 607,742 | ||
California County Tobacco Securitization Agency Los Angeles County Securitization Corp. Series A | 5.00 | 6-1-2032 | 300,000 | 331,178 | ||
California County Tobacco Securitization Agency Sonoma County Securitization Corp. Series A | 5.00 | 6-1-2029 | 950,000 | 1,037,308 | ||
California County Tobacco Securitization Agency Sonoma County Securitization Corp. Series A | 5.00 | 6-1-2030 | 200,000 | 221,212 | ||
California County Tobacco Securitization Agency Sonoma County Securitization Corp. Series A | 5.00 | 6-1-2031 | 225,000 | 250,349 | ||
California County Tobacco Securitization Agency Sonoma County Securitization Corp. Series A | 5.00 | 6-1-2032 | 250,000 | 277,880 | ||
3,223,395 | ||||||
Transportation revenue: 0.85% | ||||||
Bay Area Toll Authority Series E (SIFMA Municipal Swap+0.41%)± | 4.05 | 4-1-2056 | 1,500,000 | 1,464,513 | ||
Sacramento Regional Transit District Series A | 5.00 | 3-1-2031 | 410,000 | 469,076 | ||
San Joaquin Hills Transportation Corridor Agency Series A | 5.00 | 1-15-2030 | 865,000 | 958,379 | ||
2,891,968 | ||||||
Utilities revenue: 12.65% | ||||||
California Community Choice Financing Authority Clean Energy Project Series Aøø | 4.00 | 10-1-2052 | 11,650,000 | 11,720,767 | ||
California Community Choice Financing Authority Series A-1 | 4.00 | 2-1-2027 | 2,290,000 | 2,295,387 | ||
California Community Choice Financing Authority Series A-1 | 4.00 | 2-1-2028 | 2,810,000 | 2,811,980 | ||
California Community Choice Financing Authority Series A-1øø | 5.00 | 12-1-2053 | 6,000,000 | 6,337,176 | ||
California Community Choice Financing Authority Series B-2 (SIFMA Municipal Swap+0.45%)± | 4.09 | 2-1-2052 | 7,000,000 | 6,426,466 | ||
California Community Choice Financing Authority Series Cøø | 5.25 | 1-1-2054 | 6,000,000 | 6,322,601 | ||
California Community Choice Financing Authority Series Føø | 5.50 | 10-1-2054 | 5,000,000 | 5,512,607 | ||
California Statewide CDA Southern California Edison Co. Series A | 1.75 | 9-1-2029 | 1,500,000 | 1,312,266 | ||
City of Vernon Electric System Revenue Series 2022-A | 5.00 | 8-1-2026 | 600,000 | 612,630 | ||
43,351,880 | ||||||
Water & sewer revenue: 2.99% | ||||||
California PCFA Poseidon Resources Channelside LP AMT144A | 5.00 | 7-1-2031 | 2,885,000 | 3,161,679 | ||
See accompanying notes to portfolio of investments
Allspring California Limited-Term Tax-Free Fund | 9
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Water & sewer revenue(continued) | ||||||
City of San Francisco Public Utilities Commission Water Revenue Series C | 5.00 % | 11-1-2028 | $ | 1,830,000 | $1,843,647 | |
Lower Tule River Irrigation District Series A | 5.00 | 8-1-2027 | 680,000 | 718,195 | ||
Lower Tule River Irrigation District Series A | 5.00 | 8-1-2031 | 700,000 | 781,263 | ||
Middle Fork Project Finance Authority | 5.00 | 4-1-2029 | 3,525,000 | 3,740,766 | ||
10,245,550 | ||||||
325,255,962 | ||||||
Guam: 0.83% | ||||||
Airport revenue: 0.22% | ||||||
Port Authority of Guam Series B AMT | 5.00 | 7-1-2024 | 750,000 | 750,348 | ||
Water & sewer revenue: 0.61% | ||||||
Guam Government Waterworks Authority Wastewater System Series A | 5.00 | 7-1-2025 | 350,000 | 356,129 | ||
Guam Government Waterworks Authority Wastewater System Series A | 5.00 | 7-1-2026 | 350,000 | 362,401 | ||
Guam Government Waterworks Authority Wastewater System Series A | 5.00 | 7-1-2027 | 300,000 | 316,449 | ||
Guam Government Waterworks Authority Wastewater System Series B%% | 5.00 | 7-1-2026 | 500,000 | 517,716 | ||
Guam Government Waterworks Authority Wastewater System Series B%% | 5.00 | 7-1-2027 | 500,000 | 527,415 | ||
2,080,110 | ||||||
2,830,458 | ||||||
Illinois: 0.64% | ||||||
Housing revenue: 0.19% | ||||||
Metropolitan Pier & Exposition Authority Series B | 5.00 | 12-15-2025 | 650,000 | 664,218 | ||
Tax revenue: 0.45% | ||||||
Sales Tax Securitization Corp. Series A | 5.00 | 1-1-2026 | 1,500,000 | 1,542,905 | ||
2,207,123 | ||||||
New York: 1.64% | ||||||
Airport revenue: 0.13% | ||||||
New York Transportation Development Corp. JFK International Air Terminal LLC Series A AMT | 5.00 | 12-1-2032 | 400,000 | 434,335 | ||
Industrial development revenue: 1.51% | ||||||
New York Transportation Development Corp. Delta Air Lines, Inc. Series A AMT | 5.00 | 1-1-2029 | 5,000,000 | 5,183,371 | ||
5,617,706 | ||||||
Texas: 0.88% | ||||||
Industrial development revenue: 0.88% | ||||||
City of Houston Airport System Revenue United Airlines, Inc. AMT | 5.00 | 7-1-2029 | 3,000,000 | 3,000,947 | ||
Total municipal obligations (Cost $347,140,617) | 338,912,196 | |||||
See accompanying notes to portfolio of investments
10 | Allspring California Limited-Term Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Yield | Shares | Value | ||||
Short-term investments: 0.48% | ||||||
Investment companies: 0.48% | ||||||
Allspring Government Money Market Fund Select Class♠∞## | 5.25 % | 1,647,348 | $1,647,348 | |||
Total short-term investments (Cost $1,647,348) | 1,647,348 | |||||
Total investments in securities (Cost $348,787,965) | 99.41 % | 340,559,544 | ||||
Other assets and liabilities, net | 0.59 | 2,038,066 | ||||
Total net assets | 100.00 % | $342,597,610 | ||||
± | 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 1933. |
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. |
¤ | The security is issued in zero coupon form with no periodic interest payments. |
€ | The security is an auction-rate security which has an interest rate that resets at predetermined short-term intervals through a Dutch auction. 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 purchased on a when-issued basis. |
♠ | 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. |
## | All or a portion of this security is segregated as collateral for when-issued securities. |
Abbreviations: | |
AGM | Assured Guaranty Municipal |
AMT | Alternative minimum tax |
BAM | Build America Mutual Assurance Company |
BAN | Bond anticipation note |
CAB | Capital appreciation bond |
CDA | Community Development Authority |
COP | Certificate of participation |
FHLMC | Federal Home Loan Mortgage Corporation |
FNMA | Federal National Mortgage Association |
GO | General obligation |
HFFA | Health Facilities Financing Authority |
LIQ | Liquidity agreement |
LOC | Letter of credit |
NPFGC | National Public Finance Guarantee Corporation |
PCFA | Pollution Control Financing Authority |
PFA | Public Finance Authority |
SIFMA | Securities Industry and Financial Markets Association |
See accompanying notes to portfolio of investments
Allspring California Limited-Term Tax-Free Fund | 11
Portfolio of investments—March 31, 2024 (unaudited)
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, beginning of period | Purchases | Sales proceeds | Net realized gains (losses) | Net change in unrealized gains (losses) | Value, end of period | Shares, end of period | Income from affiliated securities | |
Short-term investments | ||||||||
Allspring Government Money Market Fund Select Class | $0 | $21,004,289 | $(19,356,941 ) | $0 | $0 | $1,647,348 | 1,647,348 | $17,719 |
Investments in affiliates no longer held at end of period | ||||||||
Allspring Municipal Cash Management Money Market Fund Institutional Class | 20,151,015 | 120,462,693 | (140,613,708 ) | 0 | 0 | 0 | 0 | 153,784 |
$0 | $0 | $1,647,348 | $171,503 | |||||
See accompanying notes to portfolio of investments
12 | Allspring California Limited-Term Tax-Free Fund
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 in registered open-end investment companies (other than those listed on a foreign or domestic exchange or market) are valued at net asset value.
Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, LLC (“Allspring Funds Management”), which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management’s process for determining the fair value of the portfolio of investments.
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.
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 | $338,912,196 | $0 | $338,912,196 |
Short-term investments | ||||
Investment companies | 1,647,348 | 0 | 0 | 1,647,348 |
Total assets | $1,647,348 | $338,912,196 | $0 | $340,559,544 |
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.
Allspring California Limited-Term Tax-Free Fund | 13