Portfolio of investments—March 31, 2024 (unaudited)
Portfolio of investments
Interest rate | Maturity date | Principal | Value | |||
Municipal obligations: 101.54% | ||||||
California: 99.51% | ||||||
Airport revenue: 7.16% | ||||||
Alameda Corridor Transportation Authority Series C CAB (AGM Insured)¤ | 0.00 % | 10-1-2053 | $ | 3,825,000 | $889,343 | |
California Municipal Finance Authority LAX Integrated Express Solutions LLC Series A AMT | 5.00 | 12-31-2043 | 5,730,000 | 5,675,571 | ||
City of Los Angeles Department of Airports Series A AMT | 5.00 | 5-15-2047 | 5,000,000 | 5,092,135 | ||
County of Sacramento Airport System Revenue Series C AMT | 5.00 | 7-1-2038 | 3,000,000 | 3,128,676 | ||
Norman Y Mineta San Jose International Airport Series A AMT | 5.00 | 3-1-2047 | 4,000,000 | 4,054,973 | ||
Norman Y Mineta San Jose International Airport Series B | 5.00 | 3-1-2042 | 1,750,000 | 1,824,333 | ||
San Diego County Regional Airport Authority Series A | 5.00 | 7-1-2044 | 3,045,000 | 3,270,408 | ||
San Diego County Regional Airport Authority Series B AMT | 5.00 | 7-1-2039 | 3,000,000 | 3,299,898 | ||
San Diego County Regional Airport Authority Series B AMT | 5.00 | 7-1-2056 | 6,040,000 | 6,297,707 | ||
San Francisco City & County Airport Commission San Francisco International Airport Series A AMT | 4.00 | 5-1-2052 | 3,500,000 | 3,297,237 | ||
San Francisco City & County Airport Commission San Francisco International Airport Series A AMT | 5.00 | 5-1-2047 | 7,715,000 | 7,848,923 | ||
San Francisco City & County Airport Commission San Francisco International Airport Series A AMT | 5.00 | 5-1-2049 | 5,000,000 | 5,145,424 | ||
49,824,628 | ||||||
Education revenue: 9.27% | ||||||
California Educational Facilities Authority Leland Stanford Junior University Series V-2 | 5.00 | 4-1-2051 | 2,000,000 | 2,415,261 | ||
California Educational Facilities Authority Loma Linda University Series A | 5.00 | 4-1-2042 | 2,645,000 | 2,714,194 | ||
California Municipal Finance Authority Baptist University Series A144A | 5.00 | 11-1-2025 | 455,000 | 457,460 | ||
California Municipal Finance Authority Biola University, Inc. | 5.00 | 10-1-2035 | 600,000 | 625,860 | ||
California Municipal Finance Authority Institute of the Arts | 4.00 | 10-1-2046 | 1,930,000 | 1,765,623 | ||
California Municipal Finance Authority Institute of the Arts | 4.00 | 10-1-2051 | 1,150,000 | 1,018,698 | ||
California Municipal Finance Authority Literacy First Charter School Issuer LLC Series A | 5.00 | 12-1-2039 | 1,390,000 | 1,419,294 | ||
California Municipal Finance Authority Samuel Merritt University | 5.25 | 6-1-2053 | 9,500,000 | 10,177,544 | ||
California Municipal Finance Authority STREAM Charter School Series A144A | 5.00 | 6-15-2041 | 925,000 | 889,819 | ||
California Municipal Finance Authority STREAM Charter School Series A144A | 5.00 | 6-15-2051 | 1,265,000 | 1,151,331 | ||
California Municipal Finance Authority University of the Pacific Series A | 4.00 | 11-1-2042 | 1,600,000 | 1,580,507 | ||
California School Finance Authority Aspire Public Schools Obligated Group Series A144A | 4.00 | 8-1-2051 | 775,000 | 650,215 | ||
California School Finance Authority Aspire Public Schools Obligated Group Series A144A | 5.00 | 8-1-2050 | 3,540,000 | 3,543,381 | ||
California School Finance Authority Bright Star Schools Obligated Group144A | 5.00 | 6-1-2047 | 1,000,000 | 952,717 | ||
California School Finance Authority Bright Star Schools Obligated Group144A | 5.00 | 6-1-2054 | 1,000,000 | 932,603 | ||
See accompanying notes to portfolio of investments
Allspring California Tax-Free Fund | 1
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Education revenue(continued) | ||||||
California School Finance Authority Girls Athletic Leadership Schools Los Angeles Series A144A | 4.00 % | 6-1-2051 | $ | 905,000 | $672,579 | |
California School Finance Authority Green Dot Public Schools Obligated Group Series A144A | 4.00 | 8-1-2025 | 450,000 | 447,296 | ||
California School Finance Authority Green Dot Public Schools Obligated Group Series A144A | 5.00 | 8-1-2035 | 2,525,000 | 2,557,863 | ||
California School Finance Authority Kipp SoCal Public Schools Obligated Group Series A144A | 5.00 | 7-1-2035 | 1,000,000 | 1,013,146 | ||
California School Finance Authority Lifeline Education Charter School, Inc. Series A144A | 5.00 | 7-1-2045 | 800,000 | 773,513 | ||
California School Finance Authority Rocketship Education Obligated Group Series A144A | 5.00 | 6-1-2036 | 945,000 | 951,308 | ||
California School Finance Authority Rocketship Education Obligated Group Series A144A | 5.00 | 6-1-2046 | 2,100,000 | 2,100,562 | ||
California School Finance Authority Santa Clarita Valley International Charter School Series A144A | 4.00 | 6-1-2041 | 500,000 | 407,679 | ||
California School Finance Authority Santa Clarita Valley International Charter School Series A144A | 4.00 | 6-1-2051 | 650,000 | 469,932 | ||
California State University Series A | 5.00 | 11-1-2047 | 1,000,000 | 1,042,539 | ||
California State University Series A | 5.25 | 11-1-2053 | 1,000,000 | 1,130,400 | ||
California Statewide CDA Baptist University Series A144A | 5.00 | 11-1-2032 | 1,135,000 | 1,164,096 | ||
California Statewide CDA Baptist University Series A144A | 5.00 | 11-1-2041 | 2,875,000 | 2,882,349 | ||
Fullerton PFA Marshall B Ketchum University Series A | 4.00 | 2-1-2051 | 2,500,000 | 2,340,344 | ||
University of California Series BS | 5.00 | 5-15-2044 | 1,200,000 | 1,368,187 | ||
University of California Series BV | 5.00 | 5-15-2044 | 5,000,000 | 5,700,777 | ||
University of California Series BV | 5.00 | 5-15-2045 | 3,500,000 | 3,975,655 | ||
University of California Series K | 4.00 | 5-15-2046 | 5,295,000 | 5,219,311 | ||
64,512,043 | ||||||
GO revenue: 16.84% | ||||||
Barstow Unified School District Series C (AGM Insured) | 5.00 | 8-1-2050 | 1,195,000 | 1,285,797 | ||
Bassett Unified School District Series B (BAM Insured) | 5.00 | 8-1-2027 | 1,050,000 | 1,080,380 | ||
Cerritos Community College District Series D CAB¤ | 0.00 | 8-1-2029 | 1,750,000 | 1,494,027 | ||
Cerritos Community College District Series D CAB¤ | 0.00 | 8-1-2033 | 1,500,000 | 1,127,391 | ||
College of the Sequoias Tulare Area Improvement District No. 3 Series A (AGC Insured)¤ | 0.00 | 8-1-2024 | 1,000,000 | 988,224 | ||
Compton Community College District Series C CAB¤ | 0.00 | 8-1-2035 | 3,445,000 | 2,353,347 | ||
Delano Joint Union High School District Series B (AGM Insured) | 5.75 | 8-1-2035 | 4,510,000 | 4,516,298 | ||
Inglewood Unified School District Series B (BAM Insured) | 5.00 | 8-1-2036 | 200,000 | 207,407 | ||
Inglewood Unified School District Series B (BAM Insured) | 5.00 | 8-1-2038 | 500,000 | 516,173 | ||
Long Beach Unified School District Series A | 5.50 | 8-1-2026 | 95,000 | 95,115 | ||
Long Beach Unified School District Series B¤ | 0.00 | 8-1-2035 | 2,000,000 | 1,381,550 | ||
Long Beach Unified School District Series C | 4.00 | 8-1-2053 | 10,000,000 | 9,807,334 | ||
Merced City School District | 5.00 | 8-1-2045 | 1,000,000 | 1,016,871 | ||
Merced Union High School District Series C CAB¤ | 0.00 | 8-1-2032 | 3,380,000 | 2,609,449 | ||
Mount San Antonio Community College District Series A CAB¤ | 0.00 | 8-1-2024 | 1,610,000 | 1,592,550 | ||
Paramount Unified School District CAB¤ | 0.00 | 8-1-2033 | 2,500,000 | 1,865,226 | ||
Pleasanton Unified School District | 4.00 | 8-1-2052 | 9,340,000 | 9,340,376 | ||
Pomona Unified School District Series A (NPFGC Insured) | 6.55 | 8-1-2029 | 1,155,000 | 1,279,630 | ||
See accompanying notes to portfolio of investments
2 | Allspring California Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
GO revenue(continued) | ||||||
Poway Unified School District Facilities Improvement District No. 2007-1 Series A¤ | 0.00 % | 8-1-2024 | $ | 1,800,000 | $1,778,600 | |
Rialto Unified School District Series A (AGM Insured)¤ | 0.00 | 8-1-2026 | 3,320,000 | 3,081,959 | ||
Sacramento City Unified School District Series 2013-A (BAM Insured) | 5.25 | 8-1-2033 | 1,000,000 | 1,002,003 | ||
San Bernardino City Unified School District Series C (AGM Insured) | 5.00 | 8-1-2040 | 8,000,000 | 8,157,791 | ||
San Bernardino Community College District Series B | 5.00 | 8-1-2049 | 5,000,000 | 5,489,601 | ||
San Diego Unified School District Series I | 4.00 | 7-1-2047 | 2,025,000 | 2,016,218 | ||
San Gorgonio Memorial Health Care District | 5.00 | 8-1-2032 | 1,750,000 | 1,736,906 | ||
San Gorgonio Memorial Health Care District | 5.50 | 8-1-2028 | 2,525,000 | 2,527,302 | ||
San Rafael City High School District Series C | 4.00 | 8-1-2043 | 1,500,000 | 1,519,881 | ||
Santa Ana Unified School District Series B (AGC Insured)¤ | 0.00 | 8-1-2038 | 15,000,000 | 8,802,289 | ||
Sierra Joint Community College District Series C | 4.00 | 8-1-2053 | 4,000,000 | 3,997,471 | ||
Sierra Kings Health Care District | 5.00 | 8-1-2028 | 1,000,000 | 1,013,149 | ||
Sierra Kings Health Care District | 5.00 | 8-1-2032 | 1,500,000 | 1,521,690 | ||
Sierra Kings Health Care District | 5.00 | 8-1-2037 | 1,750,000 | 1,767,126 | ||
Sonoma Valley Unified School District Series A¤ | 0.00 | 8-1-2027 | 1,020,000 | 915,576 | ||
State of California | 4.00 | 9-1-2043 | 10,000,000 | 10,239,512 | ||
State of California | 5.00 | 8-1-2046 | 10,000,000 | 10,336,436 | ||
State of California | 5.25 | 9-1-2053 | 3,500,000 | 3,937,830 | ||
Tulare Local Health Care District (BAM Insured) | 4.00 | 8-1-2039 | 1,850,000 | 1,883,358 | ||
Washington Township Health Care District Series B | 5.50 | 8-1-2038 | 1,500,000 | 1,507,093 | ||
Wiseburn School District (AGC Insured)¤ | 0.00 | 8-1-2027 | 1,525,000 | 1,374,271 | ||
117,163,207 | ||||||
Health revenue: 14.73% | ||||||
California HFFA Cedars-Sinai Medical Center Obligated Group Series B | 4.00 | 8-15-2039 | 10,500,000 | 10,511,902 | ||
California HFFA Children’s Hospital Los Angeles Obligated Group Series A | 5.00 | 8-15-2047 | 10,050,000 | 10,161,077 | ||
California HFFA Children’s Hospital of Orange County Obligated Group Series A | 5.00 | 11-1-2054 | 4,750,000 | 5,216,304 | ||
California HFFA CommonSpirit Health Obligated Group Series A | 5.00 | 12-1-2054 | 5,000,000 | 5,380,505 | ||
California HFFA Episcopal Communities & Services for Seniors Obligated Group Series B | 5.25 | 11-15-2053 | 1,250,000 | 1,323,861 | ||
California HFFA Kaiser Foundation Hospitals Series A-2 | 4.00 | 11-1-2051 | 3,000,000 | 2,969,871 | ||
California HFFA Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center | 5.00 | 9-1-2048 | 6,095,000 | 6,096,424 | ||
California HFFA Marshall Medical Center Series A | 4.00 | 11-1-2040 | 1,375,000 | 1,388,394 | ||
California HFFA On Lok Senior Health Services Obligated Group | 5.00 | 8-1-2040 | 700,000 | 741,369 | ||
California HFFA On Lok Senior Health Services Obligated Group | 5.00 | 8-1-2050 | 1,000,000 | 1,034,822 | ||
California HFFA Sutter Health Obligated Group Series A | 4.00 | 11-15-2048 | 5,000,000 | 4,800,420 | ||
California HFFA Sutter Health Obligated Group Series B## | 5.00 | 11-15-2046 | 2,960,000 | 3,022,252 | ||
California Municipal Finance Authority Community Hospitals of Central California Obligated Group Series A | 4.00 | 2-1-2051 | 1,500,000 | 1,331,533 | ||
California Municipal Finance Authority Eisenhower Medical Center Series A | 5.00 | 7-1-2047 | 1,400,000 | 1,411,988 | ||
California Municipal Finance Authority HumanGood California Obligated Group | 4.00 | 10-1-2049 | 2,250,000 | 2,104,734 | ||
California Municipal Finance Authority Inland Christian Home, Inc. | 4.00 | 12-1-2039 | 1,240,000 | 1,258,682 | ||
See accompanying notes to portfolio of investments
Allspring California Tax-Free Fund | 3
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Health revenue(continued) | ||||||
California Municipal Finance Authority Inland Christian Home, Inc. | 4.00 % | 12-1-2049 | $ | 2,915,000 | $2,908,303 | |
California Municipal Finance Authority Open Door Community Health Centers | 4.00 | 9-15-2046 | 3,300,000 | 3,310,657 | ||
California Municipal Finance Authority Town & Country Manor of the Christian & Missionary Alliance | 5.00 | 7-1-2039 | 1,000,000 | 1,084,442 | ||
California Municipal Finance Authority Town & Country Manor of the Christian & Missionary Alliance | 5.00 | 7-1-2049 | 2,650,000 | 2,800,841 | ||
California PFA Henry Mayo Newhall Hospital Obligated Group | 5.00 | 10-15-2037 | 500,000 | 505,279 | ||
California PFA Henry Mayo Newhall Hospital Obligated Group | 5.00 | 10-15-2047 | 5,365,000 | 5,367,404 | ||
California PFA Kendal at Sonoma Obligated Group Series A144A | 5.00 | 11-15-2051 | 1,255,000 | 1,097,279 | ||
California PFA Kendal at Sonoma Obligated Group Series A144A | 5.00 | 11-15-2056 | 1,235,000 | 1,062,137 | ||
California Statewide CDA Adventist Health System/West Obligated Group Series A | 5.00 | 3-1-2045 | 2,500,000 | 2,531,879 | ||
California Statewide CDA Adventist Health System/West Obligated Group Series A | 5.00 | 3-1-2048 | 5,000,000 | 5,102,910 | ||
California Statewide CDA Enloe Medical Center Obligated Group Series A (AGM Insured) | 5.25 | 8-15-2052 | 2,000,000 | 2,170,379 | ||
California Statewide CDA Loma Linda University Medical Center Obligated Group Series A | 5.25 | 12-1-2044 | 5,150,000 | 5,176,846 | ||
California Statewide CDA Marin General Hospital Obligated Group Series A | 5.00 | 8-1-2036 | 700,000 | 726,785 | ||
California Statewide CDA Marin General Hospital Obligated Group Series A | 5.00 | 8-1-2037 | 500,000 | 516,109 | ||
California Statewide CDA Marin General Hospital Obligated Group Series A | 5.00 | 8-1-2038 | 450,000 | 461,635 | ||
California Statewide CDA Odd Fellows Home Series A | 4.00 | 4-1-2043 | 1,900,000 | 1,913,459 | ||
California Statewide CDA Odd Fellows Home Series A | 4.13 | 4-1-2053 | 1,000,000 | 999,760 | ||
Regents of the University of California Medical Center Pooled Revenue Series P | 4.00 | 5-15-2053 | 5,000,000 | 4,941,252 | ||
Washington Township Health Care District Series A | 5.00 | 7-1-2042 | 1,000,000 | 1,000,099 | ||
102,431,593 | ||||||
Housing revenue: 12.89% | ||||||
California Community Housing Agency Creekwood Apartments Series A144A | 4.00 | 2-1-2056 | 3,000,000 | 2,020,253 | ||
California Community Housing Agency Serenity at Larkspur Apartments Series A144A | 5.00 | 2-1-2050 | 3,000,000 | 2,322,794 | ||
California Enterprise Development Authority | 4.00 | 11-1-2049 | 1,900,000 | 1,825,790 | ||
California Housing Finance Agency Class A Series 2 | 4.00 | 3-20-2033 | 8,025,063 | 7,938,178 | ||
California Housing Finance Agency Class A Series 2021-2 (FHLMC Insured) | 3.75 | 3-25-2035 | 122,588 | 119,506 | ||
California Infrastructure & Economic Development Bank South Monterey County Joint Union High School District | 5.75 | 8-15-2029 | 2,150,000 | 2,151,332 | ||
California Municipal Finance Authority Special Finance Agency XII Allure Apartments Series A2144A | 4.38 | 8-1-2049 | 1,800,000 | 1,487,187 | ||
California Municipal Finance Authority Special Finance Agency Latitude33 Series A144A | 4.00 | 12-1-2045 | 1,500,000 | 1,233,627 | ||
California Municipal Finance Authority Caritas Corp. Series B | 4.00 | 8-15-2051 | 1,340,000 | 1,147,013 | ||
California Municipal Finance Authority Caritas Project Series A | 5.00 | 8-15-2029 | 500,000 | 525,023 | ||
See accompanying notes to portfolio of investments
4 | Allspring California Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Housing revenue(continued) | ||||||
California Municipal Finance Authority CHF-Davis I LLC | 5.00 % | 5-15-2051 | $ | 6,700,000 | $6,838,577 | |
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 4.00 | 5-15-2033 | 600,000 | 620,868 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 4.00 | 5-15-2034 | 700,000 | 722,390 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 4.00 | 5-15-2035 | 700,000 | 720,330 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 4.00 | 5-15-2036 | 600,000 | 614,025 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 4.00 | 5-15-2037 | 700,000 | 710,444 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 4.00 | 5-15-2038 | 750,000 | 756,320 | ||
California Municipal Finance Authority CHF-Davis II LLC (BAM Insured) | 4.00 | 5-15-2040 | 1,100,000 | 1,099,277 | ||
California Municipal Finance Authority CHF-Riverside II LLC | 5.00 | 5-15-2029 | 625,000 | 672,192 | ||
California Municipal Finance Authority CHF-Riverside II LLC | 5.00 | 5-15-2052 | 5,650,000 | 5,783,111 | ||
California Municipal Finance Authority Southwestern Law School | 4.00 | 11-1-2041 | 575,000 | 539,792 | ||
California Statewide CDA Community Improvement Authority 1818 Platinum Triangle-Anaheim Series B144A | 4.00 | 4-1-2057 | 1,000,000 | 721,856 | ||
California Statewide CDA Community Improvement Authority Altana Apartments Series A-2144A | 4.00 | 10-1-2056 | 2,000,000 | 1,560,595 | ||
California Statewide CDA Community Improvement Authority Theo Apartments Series B144A | 4.00 | 5-1-2057 | 1,500,000 | 1,069,020 | ||
California Statewide CDA Community Improvement Authority Towne at Glendale Apartments144A | 5.00 | 9-1-2037 | 870,000 | 894,630 | ||
California Statewide CDA Uptown Newport Building Owner LP Series BB (East West Bank LOC)ø## | 3.63 | 3-1-2057 | 14,820,000 | 14,820,000 | ||
Compton PFA144A | 4.00 | 9-1-2027 | 4,595,000 | 4,576,026 | ||
Fresno Joint Powers Financing Authority Master Lease Projects Series A (AGM Insured) | 4.00 | 4-1-2046 | 1,225,000 | 1,224,490 | ||
Independent Cities Finance Authority Millennium Housing of California | 5.00 | 5-15-2048 | 2,000,000 | 2,050,419 | ||
Independent Cities Finance Authority San Juan Mobile Estates | 5.00 | 8-15-2030 | 1,000,000 | 1,026,581 | ||
Independent Cities Finance Authority Santa Rosa Leisure Mobile Home Park | 5.00 | 8-15-2046 | 1,570,000 | 1,593,638 | ||
Los Angeles County Public Works Financing Authority Series A | 5.00 | 12-1-2039 | 2,860,000 | 2,879,625 | ||
Modesto Irrigation District Electric System Revenue Series A | 5.00 | 10-1-2040 | 3,500,000 | 3,587,915 | ||
Montclair Financing Authority Public Facilities Projects (AGM Insured) | 5.00 | 10-1-2035 | 2,400,000 | 2,412,230 | ||
Riverside County Asset Leasing Corp. (NPFGC Insured)¤ | 0.00 | 6-1-2026 | 10,000,000 | 9,262,337 | ||
Sacramento City Schools Joint Powers Financing Authority Unified School District Series A (BAM Insured) | 5.00 | 3-1-2040 | 2,165,000 | 2,165,508 | ||
89,692,899 | ||||||
Miscellaneous revenue: 6.31% | ||||||
California Municipal Finance Authority Palomar Health Obligated Group Series A (AGM Insured) | 5.25 | 11-1-2052 | 1,500,000 | 1,673,111 | ||
California Statewide CDA Series 2021-A | 4.00 | 9-2-2041 | 995,000 | 892,179 | ||
California Statewide CDA Series A | 5.00 | 9-2-2047 | 1,995,000 | 2,037,674 | ||
See accompanying notes to portfolio of investments
Allspring California Tax-Free Fund | 5
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Miscellaneous revenue(continued) | ||||||
City of Irvine Reassessment District No. 15-2 | 5.00 % | 9-2-2025 | $ | 725,000 | $736,131 | |
City of Irvine Reassessment District No. 15-2 | 5.00 | 9-2-2026 | 400,000 | 407,349 | ||
City of Irvine Reassessment District No. 15-2 | 5.00 | 9-2-2042 | 1,495,000 | 1,512,584 | ||
City of Porterville Water Revenue System Financing Project (AGM Insured) | 4.00 | 8-15-2050 | 1,000,000 | 999,511 | ||
City of Upland San Antonio Regional Hospital Obligated Group COP | 5.00 | 1-1-2047 | 1,955,000 | 1,990,245 | ||
Hayward Unified School District COP | 5.25 | 8-1-2052 | 8,000,000 | 8,301,234 | ||
Independent Cities Finance Authority City of Compton Sales Tax Revenue (AGM Insured)144A | 4.00 | 6-1-2041 | 1,700,000 | 1,722,022 | ||
Independent Cities Finance Authority City of Compton Sales Tax Revenue (AGM Insured)144A | 4.00 | 6-1-2051 | 750,000 | 732,734 | ||
Jefferson Union High School District Teacher & Staff Housing Project COP (BAM Insured) | 4.00 | 8-1-2045 | 1,400,000 | 1,401,095 | ||
Lassen Municipal Utility District COP | 4.00 | 5-1-2038 | 2,615,000 | 2,514,054 | ||
Lassen Municipal Utility District COP | 4.00 | 5-1-2041 | 2,250,000 | 2,135,434 | ||
Lassen Municipal Utility District COP | 4.00 | 5-1-2046 | 4,395,000 | 4,082,150 | ||
Lassen Municipal Utility District COP | 4.00 | 5-1-2051 | 2,340,000 | 2,114,409 | ||
Mountain House PFA Community Services District Series A | 5.00 | 12-1-2034 | 535,000 | 566,841 | ||
North Coast County Water District COP (AGM Insured) | 4.00 | 10-1-2051 | 1,745,000 | 1,746,242 | ||
Pajaro Valley Water Management Agency Series C COP (BAM Insured) | 4.13 | 3-1-2053 | 4,250,000 | 4,193,823 | ||
San Marino Unified School District Series A COP | 5.00 | 12-1-2041 | 500,000 | 500,179 | ||
Sutter Butte Flood Control Agency Assessment District (BAM Insured) | 5.00 | 10-1-2040 | 3,545,000 | 3,627,268 | ||
43,886,269 | ||||||
Tax revenue: 14.88% | ||||||
California Statewide CDA Community Facilities District No. 2017 | 5.00 | 9-1-2048 | 5,000,000 | 5,124,433 | ||
California Statewide CDA Community Facilities District No. 2020-02 Area No. 1 | 4.00 | 9-1-2051 | 1,150,000 | 1,033,500 | ||
Cathedral City Redevelopment Successor Agency Series A (AGM Insured) | 5.00 | 8-1-2032 | 1,450,000 | 1,456,980 | ||
Cathedral City Redevelopment Successor Agency Series A (AGM Insured) | 5.00 | 8-1-2033 | 880,000 | 884,015 | ||
Chino Community Facilities District No. 2003-3 Improvement Area No. 7 | 5.00 | 9-1-2048 | 2,500,000 | 2,546,141 | ||
Chula Vista Community Facilities District No. 06-1 Area No. 1 | 5.00 | 9-1-2043 | 445,000 | 459,262 | ||
Chula Vista Community Facilities District No. 06-1 Area No. 1 | 5.00 | 9-1-2048 | 895,000 | 915,831 | ||
City & County of San Francisco Community Facilities District No. 2016-1 Area No. 1 Series 2021 | 4.00 | 9-1-2041 | 1,000,000 | 933,419 | ||
City & County of San Francisco Community Facilities District No. 2016-1 Area No. 1 Series 2021 | 4.00 | 9-1-2051 | 1,250,000 | 1,074,872 | ||
City & County of San Francisco Community Facilities District No. 2016-1 Series A144A | 4.00 | 9-1-2052 | 1,750,000 | 1,472,071 | ||
City & County of San Francisco Community Facilities District No. 2016-1 Series A | 5.00 | 9-1-2052 | 1,000,000 | 1,043,238 | ||
City of Belmont Community Facilities District No. 2000-1 (Ambac Insured) | 5.75 | 8-1-2030 | 3,190,000 | 3,567,658 | ||
City of Fremont Community Facilities District No. 1 | 5.00 | 9-1-2040 | 2,700,000 | 2,728,319 | ||
See accompanying notes to portfolio of investments
6 | Allspring California Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Tax revenue(continued) | ||||||
City of Los Angeles Community Facilities District No. 11 | 4.00 % | 9-1-2046 | $ | 1,250,000 | $1,110,057 | |
City of Roseville Creekview Community Facilities District No. 1 | 5.00 | 9-1-2045 | 1,280,000 | 1,311,611 | ||
City of Sacramento Transient Occupancy Tax Revenue Series A | 5.00 | 6-1-2048 | 3,750,000 | 3,889,628 | ||
City of San Clemente Community Facilities District No. 2006-1 | 5.00 | 9-1-2040 | 965,000 | 978,300 | ||
City of San Clemente Community Facilities District No. 2006-1 | 5.00 | 9-1-2046 | 1,175,000 | 1,187,854 | ||
Corona Community Facilities District No. 2018-1 Improvement Area No. 1 Series A | 5.00 | 9-1-2048 | 1,000,000 | 1,020,603 | ||
Corona-Norco Unified School District Community Facilities District No. 16-1 | 5.00 | 9-1-2048 | 1,500,000 | 1,528,886 | ||
County of San Bernardino Community Facilities District No. 2006-1 Area No. 6 | 5.00 | 9-1-2048 | 1,200,000 | 1,227,930 | ||
Dinuba Redevelopment Agency Merged City Project (BAM Insured) | 5.00 | 9-1-2033 | 1,500,000 | 1,515,509 | ||
Elk Grove Finance Authority (BAM Insured) | 5.00 | 9-1-2038 | 1,500,000 | 1,525,614 | ||
Fairfield Community Facilities District No. 2019-1 Area No. 1 Series A144A | 5.00 | 9-1-2050 | 3,000,000 | 3,030,447 | ||
Folsom Ranch Financing Authority Community Facilities District No. 20 | 5.00 | 9-1-2048 | 1,650,000 | 1,687,075 | ||
Inglewood Redevelopment Successor Agency Merged Redevelopment Project Series A (BAM Insured) | 5.00 | 5-1-2038 | 305,000 | 320,795 | ||
Inland Valley Development Agency Series A | 5.25 | 9-1-2037 | 4,000,000 | 4,007,383 | ||
Irvine Facilities Financing Authority Community Facilities District No. 2013-3 Series A (BAM Insured) | 4.00 | 9-1-2058 | 2,200,000 | 2,168,643 | ||
Lafayette Redevelopment Successor Agency (AGM Insured) | 5.00 | 8-1-2033 | 1,500,000 | 1,512,373 | ||
Lafayette Redevelopment Successor Agency (AGM Insured) | 5.00 | 8-1-2038 | 1,635,000 | 1,644,375 | ||
Lancaster Redevelopment Successor Agency Combined Redevelopment Project Areas (AGM Insured) | 5.00 | 8-1-2033 | 1,200,000 | 1,262,634 | ||
Marina Redevelopment Successor Agency Series A | 5.00 | 9-1-2033 | 340,000 | 356,399 | ||
Marina Redevelopment Successor Agency Series A | 5.00 | 9-1-2038 | 400,000 | 416,250 | ||
Marina Redevelopment Successor Agency Series B | 5.00 | 9-1-2033 | 250,000 | 262,130 | ||
Marina Redevelopment Successor Agency Series B | 5.00 | 9-1-2038 | 250,000 | 260,156 | ||
Oakland Redevelopment Successor Agency Series TE (AGM Insured) | 5.00 | 9-1-2035 | 2,545,000 | 2,604,676 | ||
Oakland Redevelopment Successor Agency Series TE (AGM Insured) | 5.00 | 9-1-2036 | 4,000,000 | 4,082,243 | ||
Orange County Community Facilities District No. 2015-1 Series A | 5.25 | 8-15-2045 | 1,950,000 | 1,971,664 | ||
Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue Series A | 5.00 | 6-1-2051 | 4,000,000 | 4,342,327 | ||
Rancho Cucamonga Redevelopment Successor Agency (AGM Insured) | 5.00 | 9-1-2032 | 1,870,000 | 1,882,415 | ||
Redwood City Redevelopment Successor Agency (Ambac Insured)¤ | 0.00 | 7-15-2030 | 3,505,000 | 2,867,091 | ||
Rio Vista Community Facilities District No. 2018-1 | 5.00 | 9-1-2048 | 1,185,000 | 1,200,250 | ||
River Islands PFA Community Facilities District No. 2016 (AGM Insured) | 5.25 | 9-1-2052 | 2,000,000 | 2,178,119 | ||
Riverside County Community Facilities Districts No. 05-8 | 5.00 | 9-1-2048 | 1,600,000 | 1,630,812 | ||
Romoland School District Community Facilities District No. 2004-1 Area No. 4 | 5.00 | 9-1-2048 | 3,000,000 | 3,066,203 | ||
San Francisco City & County Redevelopment Successor Agency Mission Bay South Project Series D CAB144A¤ | 0.00 | 8-1-2026 | 4,000,000 | 3,586,908 | ||
San Francisco City & County Redevelopment Successor Agency Mission Bay South Redevelopment Area Tax Increment Financing District Series A | 5.00 | 8-1-2043 | 2,500,000 | 2,504,890 | ||
See accompanying notes to portfolio of investments
Allspring California Tax-Free Fund | 7
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Tax revenue(continued) | ||||||
San Francisco City & County Redevelopment Successor Agency Transbay Infrastructure Project Series B (AGM Insured) | 5.00 % | 8-1-2046 | $ | 1,500,000 | $1,567,583 | |
San Francisco City & County Redevelopment Successor Agency Transbay Infrastructure Project Series B (AGM Insured) | 5.25 | 8-1-2053 | 2,250,000 | 2,477,515 | ||
San Marcos Unified School District Community Facilities District No. 4 (BAM Insured) | 5.00 | 9-1-2034 | 1,705,000 | 1,715,931 | ||
San Marcos Unified School District Community Facilities District No. 5 (BAM Insured) | 5.00 | 9-1-2028 | 1,290,000 | 1,298,004 | ||
San Marcos Unified School District Community Facilities District No. 5 (BAM Insured) | 5.00 | 9-1-2029 | 1,325,000 | 1,333,221 | ||
Sonoma Community Development Successor Agency (NPFGC Insured) | 5.00 | 6-1-2033 | 1,325,000 | 1,393,259 | ||
Temescal Valley Water District Community Facilities No. 4 Area No. 2 | 4.00 | 9-1-2051 | 930,000 | 792,253 | ||
Tracy Community Facilities District No. 2016-01 Improvement Area No. 1 | 5.00 | 9-1-2048 | 2,750,000 | 2,784,296 | ||
Tustin Community Facilities District No. 06-1 Series A | 5.00 | 9-1-2040 | 750,000 | 758,791 | ||
Tustin Community Facilities District No. 06-1 Series A | 5.00 | 9-1-2045 | 1,000,000 | 1,008,906 | ||
Union City Community Redevelopment Successor Agency Series A | 5.00 | 10-1-2036 | 1,000,000 | 1,025,281 | ||
103,537,029 | ||||||
Tobacco revenue: 0.64% | ||||||
California County Tobacco Securitization Agency Los Angeles County Securitization Corp. Series B-2 CAB¤ | 0.00 | 6-1-2055 | 14,000,000 | 2,730,569 | ||
California County Tobacco Securitization Agency Merced County Tobacco Funding Corp. Series B | 5.00 | 6-1-2050 | 1,125,000 | 1,139,550 | ||
Tobacco Securitization Authority of Northern California Sacramento County Corp. Class 2 Series B2 CAB¤ | 0.00 | 6-1-2060 | 3,250,000 | 564,386 | ||
4,434,505 | ||||||
Transportation revenue: 1.14% | ||||||
Bay Area Toll Authority Series B (Barclays Bank PLC LOC)ø | 4.35 | 4-1-2055 | 6,000,000 | 6,000,000 | ||
Riverside County Transportation Commission Series B1 | 4.00 | 6-1-2046 | 2,000,000 | 1,944,733 | ||
7,944,733 | ||||||
Utilities revenue: 10.80% | ||||||
California Community Choice Financing Authority Clean Energy Project Series A-1øø | 5.00 | 5-1-2054 | 7,000,000 | 7,536,808 | ||
California Community Choice Financing Authority Series Cøø | 5.25 | 1-1-2054 | 2,500,000 | 2,634,417 | ||
California Community Choice Financing Authority Series Gøø | 5.25 | 11-1-2054 | 5,000,000 | 5,379,082 | ||
City of Burbank Electric Revenue | 5.00 | 6-1-2053 | 5,620,000 | 6,168,512 | ||
City of Glendale Electric Revenue | 5.00 | 2-1-2054 | 5,000,000 | 5,516,633 | ||
Imperial Irrigation District Electric System Revenue Series A | 5.00 | 11-1-2040 | 3,715,000 | 3,812,988 | ||
Imperial Irrigation District Electric System Revenue Series A | 5.00 | 11-1-2045 | 1,060,000 | 1,083,630 | ||
Imperial Irrigation District Electric System Revenue Series C | 5.00 | 11-1-2038 | 2,500,000 | 2,593,416 | ||
Los Angeles Department of Water & Power Series E | 5.00 | 7-1-2053 | 2,500,000 | 2,759,375 | ||
Los Angeles Department of Water & Power System Revenue Series A%% | 5.00 | 7-1-2044 | 14,775,000 | 16,728,568 | ||
Los Angeles Department of Water & Power System Revenue Series A-4ø | 4.40 | 7-1-2035 | 1,050,000 | 1,050,000 | ||
See accompanying notes to portfolio of investments
8 | Allspring California Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Utilities revenue(continued) | ||||||
M-S-R Energy Authority Series B | 7.00 % | 11-1-2034 | $ | 4,000,000 | $5,035,432 | |
M-S-R Energy Authority Series C | 6.13 | 11-1-2029 | 865,000 | 924,575 | ||
Northern California Energy Authority St. Luke’s Hospital Obligated Group Series A-1øø%% | 5.00 | 12-1-2054 | 2,000,000 | 2,138,287 | ||
Redding Joint Powers Financing Authority Series A | 5.00 | 6-1-2032 | 440,000 | 456,903 | ||
Roseville Natural Gas Financing Authority | 5.00 | 2-15-2025 | 1,930,000 | 1,938,460 | ||
Sacramento Municipal Utility District Series K | 5.00 | 8-15-2053 | 3,000,000 | 3,317,252 | ||
Southern California Public Power Authority Los Angeles Department of Water & Power System Revenue Series 1 | 5.25 | 7-1-2053 | 1,700,000 | 1,923,695 | ||
Southern California Public Power Authority Project No. 3 Series A | 5.25 | 11-1-2025 | 1,000,000 | 1,019,021 | ||
Walnut Energy Center Authority Series A | 5.00 | 1-1-2034 | 3,115,000 | 3,122,626 | ||
75,139,680 | ||||||
Water & sewer revenue: 4.85% | ||||||
Adelanto Public Utility Authority Series A (AGM Insured) | 5.00 | 7-1-2039 | 2,000,000 | 2,113,503 | ||
California PCFA Poseidon Resources Channelside LP AMT144A | 5.00 | 11-21-2045 | 2,615,000 | 2,720,870 | ||
City of Compton Sewer Revenue | 6.00 | 9-1-2039 | 1,775,000 | 1,778,815 | ||
City of Tulare Sewer Revenue (AGM Insured) | 5.00 | 11-15-2041 | 1,500,000 | 1,534,034 | ||
East Bay Municipal Utility District Wastewater System Revenue Series A | 5.00 | 6-1-2049 | 2,500,000 | 2,792,771 | ||
East Bay Municipal Utility District Wastewater System Revenue Series A | 5.00 | 6-1-2054 | 1,850,000 | 2,050,974 | ||
Florin Resource Conservation District Series A (NPFGC Insured) | 5.00 | 9-1-2032 | 2,000,000 | 2,011,173 | ||
Los Angeles Department of Water & Power System Revenue Series A-1ø | 4.35 | 7-1-2049 | 3,500,000 | 3,500,000 | ||
Merced Irrigation District Series A (AGM Insured) | 5.00 | 10-1-2038 | 4,000,000 | 4,025,683 | ||
Metropolitan Water District of Southern California Series A | 5.00 | 4-1-2053 | 10,000,000 | 11,185,025 | ||
33,712,848 | ||||||
692,279,434 | ||||||
Guam: 0.29% | ||||||
Miscellaneous revenue: 0.14% | ||||||
Territory of Guam Series F | 4.00 | 1-1-2036 | 1,000,000 | 1,004,307 | ||
Water & sewer revenue: 0.15% | ||||||
Guam Government Waterworks Authority Series A | 5.00 | 1-1-2050 | 1,000,000 | 1,043,304 | ||
2,047,611 | ||||||
Illinois: 0.14% | ||||||
GO revenue: 0.14% | ||||||
State of Illinois Series B | 4.50 | 5-1-2048 | 1,000,000 | 989,180 | ||
New York: 1.45% | ||||||
Industrial development revenue: 0.75% | ||||||
New York Transportation Development Corp. Delta Air Lines, Inc. Series A AMT | 5.00 | 1-1-2029 | 5,000,000 | 5,183,371 | ||
See accompanying notes to portfolio of investments
Allspring California Tax-Free Fund | 9
Portfolio of investments—March 31, 2024 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Tax revenue: 0.70% | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue Series E1 | 3.00 % | 2-1-2051 | $ | 3,360,000 | $2,579,989 | |
New York State Dormitory Authority Personal Income Tax Revenue Series A | 3.00 | 3-15-2050 | 3,000,000 | 2,322,144 | ||
4,902,133 | ||||||
10,085,504 | ||||||
Ohio: 0.08% | ||||||
Tobacco revenue: 0.08% | ||||||
Buckeye Tobacco Settlement Financing Authority Class 2 Series B-3 CAB¤ | 0.00 | 6-1-2057 | 5,000,000 | 520,428 | ||
Texas: 0.07% | ||||||
Resource recovery revenue: 0.07% | ||||||
Port of Port Arthur Navigation District Motiva Enterprises LLCø | 4.80 | 4-1-2040 | 500,000 | 500,000 | ||
Total municipal obligations (Cost $712,583,489) | 706,422,157 | |||||
Yield | Shares | |||||
Short-term investments: 0.23% | ||||||
Investment companies: 0.23% | ||||||
Allspring Government Money Market Fund Select Class♠∞## | 5.25 | 1,613,517 | 1,613,517 | |||
Total short-term investments (Cost $1,613,517) | 1,613,517 | |||||
Total investments in securities (Cost $714,197,006) | 101.77 % | 708,035,674 | ||||
Other assets and liabilities, net | (1.77 ) | (12,318,427 ) | ||||
Total net assets | 100.00 % | $695,717,247 | ||||
¤ | The security is issued in zero coupon form with no periodic interest payments. |
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. |
## | All or a portion of this security is segregated as collateral for when-issued securities. |
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. |
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 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. |
See accompanying notes to portfolio of investments
10 | Allspring California Tax-Free Fund
Portfolio of investments—March 31, 2024 (unaudited)
Abbreviations: | |
AGC | Assured Guaranty Corporation |
AGM | Assured Guaranty Municipal |
Ambac | Ambac Financial Group Incorporated |
AMT | Alternative minimum tax |
BAM | Build America Mutual Assurance Company |
CAB | Capital appreciation bond |
CDA | Community Development Authority |
COP | Certificate of participation |
FHLMC | Federal Home Loan Mortgage Corporation |
GO | General obligation |
HFFA | Health Facilities Financing Authority |
LOC | Letter of credit |
NPFGC | National Public Finance Guarantee Corporation |
PCFA | Pollution Control Financing Authority |
PFA | Public Finance Authority |
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 | $17,532,417 | $(15,918,900 ) | $0 | $0 | $1,613,517 | 1,613,517 | $13,778 |
Investments in affiliates no longer held at end of period | ||||||||
Allspring Municipal Cash Management Money Market Fund Institutional Class | 16,409,618 | 144,953,938 | (161,363,556 ) | 247 | (247 ) | 0 | 0 | 250,433 |
$247 | $(247 ) | $1,613,517 | $264,211 | |||||
Futures contracts
Description | Number of contracts | Expiration date | Notional cost | Notional value | Unrealized gains | Unrealized losses |
Long | ||||||
10-Year U.S. Treasury Notes | 157 | 6-18-2024 | $17,332,553 | $17,395,109 | $62,556 | $0 |
See accompanying notes to portfolio of investments
Allspring California Tax-Free Fund | 11
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.
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, 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.
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 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.
12 | Allspring California Tax-Free Fund
Notes to portfolio of investments—March 31, 2024 (unaudited)
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 | $706,422,157 | $0 | $706,422,157 |
Short-term investments | ||||
Investment companies | 1,613,517 | 0 | 0 | 1,613,517 |
$1,613,517 | $706,422,157 | $0 | $708,035,674 | |
Futures contracts | 62,556 | 0 | 0 | 62,556 |
Total assets | $1,676,073 | $706,422,157 | $0 | $708,098,230 |
Futures contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the table 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 March 31, 2024, $1,260,000 was segregated as cash collateral for these open futures contracts.
At March 31, 2024, the Fund did not have any transfers into/out of Level 3.
Allspring California Tax-Free Fund | 13