Portfolio of investments—June 30, 2024 (unaudited)
Portfolio of investments
Shares | Value | |||||
Common stocks: 97.83% | ||||||
Communication services: 1.83% | ||||||
Diversified telecommunication services: 0.26% | ||||||
Bandwidth, Inc. Class A† | 8,767 | $147,987 | ||||
Entertainment: 0.34% | ||||||
Cinemark Holdings, Inc.† | 3,342 | 72,254 | ||||
Vivid Seats, Inc. Class A† | 21,915 | 126,011 | ||||
198,265 | ||||||
Interactive media & services: 0.64% | ||||||
Cargurus, Inc.† | 2,670 | 69,954 | ||||
EverQuote, Inc. Class A† | 8,582 | 179,021 | ||||
Yelp, Inc.† | 2,180 | 80,551 | ||||
ZipRecruiter, Inc. Class A† | 4,155 | 37,769 | ||||
367,295 | ||||||
Media: 0.59% | ||||||
Magnite, Inc.† | 18,038 | 239,725 | ||||
TEGNA, Inc. | 7,361 | 102,612 | ||||
342,337 | ||||||
Consumer discretionary: 10.09% | ||||||
Automobile components: 0.93% | ||||||
Holley, Inc.† | 16,594 | 59,406 | ||||
Modine Manufacturing Co.† | 4,790 | 479,910 | ||||
539,316 | ||||||
Diversified consumer services: 1.19% | ||||||
Perdoceo Education Corp. | 10,913 | 233,756 | ||||
Stride, Inc.† | 6,391 | 450,566 | ||||
684,322 | ||||||
Hotels, restaurants & leisure: 2.12% | ||||||
Bloomin’ Brands, Inc. | 13,462 | 258,874 | ||||
Brinker International, Inc.† | 5,547 | 401,547 | ||||
Hilton Grand Vacations, Inc.† | 7,887 | 318,872 | ||||
International Game Technology PLC | 10,078 | 206,196 | ||||
United Parks & Resorts, Inc.† | 736 | 39,972 | ||||
1,225,461 | ||||||
Household durables: 2.59% | ||||||
Helen of Troy Ltd.† | 763 | 70,761 | ||||
KB Home | 4,987 | 349,988 | ||||
M/I Homes, Inc.† | 2,674 | 326,602 | ||||
Meritage Homes Corp. | 1,707 | 276,278 | ||||
Taylor Morrison Home Corp.† | 8,464 | 469,244 | ||||
1,492,873 |
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 1
Portfolio of investments—June 30, 2024 (unaudited)
Shares | Value | |||||
Specialty retail: 3.26% | ||||||
Academy Sports & Outdoors, Inc. | 6,849 | $364,709 | ||||
American Eagle Outfitters, Inc. | 2,277 | 45,449 | ||||
Asbury Automotive Group, Inc.† | 1,534 | 349,553 | ||||
Carvana Co.† | 1,691 | 217,666 | ||||
Designer Brands, Inc. Class A | 23,754 | 162,240 | ||||
Group 1 Automotive, Inc. | 1,033 | 307,090 | ||||
Signet Jewelers Ltd. | 1,528 | 136,878 | ||||
Urban Outfitters, Inc.† | 7,302 | 299,747 | ||||
1,883,332 | ||||||
Consumer staples: 3.44% | ||||||
Beverages: 0.75% | ||||||
Coca-Cola Consolidated, Inc. | 330 | 358,050 | ||||
Duckhorn Portfolio, Inc.† | 10,535 | 74,798 | ||||
432,848 | ||||||
Consumer staples distribution & retail : 0.36% | ||||||
Andersons, Inc. | 4,226 | 209,609 | ||||
Food products: 1.04% | ||||||
Simply Good Foods Co.† | 4,511 | 162,983 | ||||
Vital Farms, Inc.† | 9,299 | 434,914 | ||||
597,897 | ||||||
Personal care products: 1.29% | ||||||
BellRing Brands, Inc.† | 6,334 | 361,925 | ||||
e.l.f. Beauty, Inc.† | 1,807 | 380,771 | ||||
742,696 | ||||||
Energy: 6.85% | ||||||
Energy equipment & services: 2.19% | ||||||
Helix Energy Solutions Group, Inc.† | 13,234 | 158,014 | ||||
Liberty Energy, Inc. | 18,133 | 378,798 | ||||
Noble Corp. PLC | 2,270 | 101,355 | ||||
Patterson-UTI Energy, Inc. | 25,724 | 266,501 | ||||
Seadrill Ltd.† | 1,687 | 86,881 | ||||
Weatherford International PLC† | 2,242 | 274,533 | ||||
1,266,082 | ||||||
Oil, gas & consumable fuels: 4.66% | ||||||
California Resources Corp. | 6,938 | 369,240 | ||||
Chord Energy Corp. | 885 | 148,397 | ||||
CVR Energy, Inc. | 4,865 | 130,236 | ||||
International Seaways, Inc. | 5,831 | 344,787 | ||||
Matador Resources Co. | 1,297 | 77,301 | ||||
Murphy Oil Corp. | 1,457 | 60,087 | ||||
Par Pacific Holdings, Inc.† | 7,461 | 188,390 | ||||
PBF Energy, Inc. Class A | 6,633 | 305,251 | ||||
Peabody Energy Corp. | 13,692 | 302,867 |
See accompanying notes to portfolio of investments
2 | Allspring Disciplined Small Cap Fund
Portfolio of investments—June 30, 2024 (unaudited)
Shares | Value | |||||
Oil, gas & consumable fuels(continued) | ||||||
Scorpio Tankers, Inc. | 3,683 | $299,391 | ||||
Teekay Tankers Ltd. Class A | 2,852 | 196,246 | ||||
Vital Energy, Inc.† | 5,883 | 263,676 | ||||
2,685,869 | ||||||
Financials: 16.16% | ||||||
Banks: 8.63% | ||||||
Ameris Bancorp | 5,710 | 287,499 | ||||
Axos Financial, Inc.† | 6,333 | 361,931 | ||||
Bancorp, Inc.† | 7,598 | 286,901 | ||||
Bank of NT Butterfield & Son Ltd. | 7,834 | 275,130 | ||||
CrossFirst Bankshares, Inc.† | 7,319 | 102,612 | ||||
Customers Bancorp, Inc.† | 6,442 | 309,087 | ||||
Enterprise Financial Services Corp. | 2,499 | 102,234 | ||||
First BanCorp, Inc. | 17,638 | 322,599 | ||||
First Financial Corp. | 4,171 | 153,827 | ||||
Hancock Whitney Corp. | 7,721 | 369,295 | ||||
Hanmi Financial Corp. | 9,860 | 164,859 | ||||
Hilltop Holdings, Inc. | 6,421 | 200,849 | ||||
International Bancshares Corp. | 929 | 53,148 | ||||
Mercantile Bank Corp. | 2,657 | 107,795 | ||||
OFG Bancorp | 9,021 | 337,836 | ||||
Pathward Financial, Inc. | 4,316 | 244,156 | ||||
Preferred Bank | 3,239 | 244,512 | ||||
Republic Bancorp, Inc. Class A | 4,224 | 226,449 | ||||
UMB Financial Corp. | 3,617 | 301,730 | ||||
Westamerica BanCorp | 4,434 | 215,182 | ||||
WSFS Financial Corp. | 6,671 | 313,537 | ||||
4,981,168 | ||||||
Capital markets: 1.60% | ||||||
Artisan Partners Asset Management, Inc. Class A | 3,369 | 139,038 | ||||
Evercore, Inc. Class A | 420 | 87,540 | ||||
StoneX Group, Inc.† | 2,186 | 164,628 | ||||
Victory Capital Holdings, Inc. Class A | 6,645 | 317,166 | ||||
Virtus Investment Partners, Inc. | 949 | 214,332 | ||||
922,704 | ||||||
Consumer finance: 0.81% | ||||||
Bread Financial Holdings, Inc. | 2,203 | 98,166 | ||||
Enova International, Inc.† | 5,242 | 326,314 | ||||
Green Dot Corp. Class A† | 4,580 | 43,281 | ||||
467,761 | ||||||
Financial services: 3.75% | ||||||
Essent Group Ltd. | 6,106 | 343,096 | ||||
Evertec, Inc. | 4,448 | 147,896 | ||||
Federal Agricultural Mortgage Corp. Class C | 1,294 | 233,981 | ||||
Jackson Financial, Inc. Class A | 4,843 | 359,641 |
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 3
Portfolio of investments—June 30, 2024 (unaudited)
Shares | Value | |||||
Financial services(continued) | ||||||
Marqeta, Inc. Class A† | 26,953 | $147,703 | ||||
Merchants Bancorp | 6,110 | 247,699 | ||||
MGIC Investment Corp. | 9,083 | 195,739 | ||||
NMI Holdings, Inc. Class A† | 8,848 | 301,186 | ||||
Radian Group, Inc. | 5,928 | 184,361 | ||||
2,161,302 | ||||||
Insurance: 1.37% | ||||||
CNO Financial Group, Inc. | 10,023 | 277,837 | ||||
Employers Holdings, Inc. | 2,947 | 125,631 | ||||
Genworth Financial, Inc. Class A† | 34,460 | 208,138 | ||||
Oscar Health, Inc. Class A† | 4,639 | 73,389 | ||||
Skyward Specialty Insurance Group, Inc.† | 2,977 | 107,708 | ||||
792,703 | ||||||
Health care: 16.84% | ||||||
Biotechnology: 7.78% | ||||||
ACADIA Pharmaceuticals, Inc.† | 3,207 | 52,114 | ||||
ADMA Biologics, Inc.† | 15,351 | 171,624 | ||||
Alkermes PLC† | 8,597 | 207,188 | ||||
Amicus Therapeutics, Inc.† | 9,804 | 97,256 | ||||
Apogee Therapeutics, Inc.† | 2,094 | 82,399 | ||||
Arcellx, Inc.† | 3,091 | 170,592 | ||||
Arcturus Therapeutics Holdings, Inc.† | 4,422 | 107,676 | ||||
Arcus Biosciences, Inc.† | 7,384 | 112,458 | ||||
Arrowhead Pharmaceuticals, Inc.† | 1,872 | 48,653 | ||||
Blueprint Medicines Corp.† | 1,314 | 141,623 | ||||
Bridgebio Pharma, Inc.† | 2,605 | 65,985 | ||||
CareDx, Inc.† | 10,610 | 164,773 | ||||
Catalyst Pharmaceuticals, Inc.† | 8,661 | 134,159 | ||||
Cytokinetics, Inc.† | 2,297 | 124,451 | ||||
Denali Therapeutics, Inc.† | 3,517 | 81,665 | ||||
Dynavax Technologies Corp.† | 7,741 | 86,931 | ||||
Editas Medicine, Inc.† | 11,765 | 54,943 | ||||
Entrada Therapeutics, Inc.† | 6,831 | 97,342 | ||||
Halozyme Therapeutics, Inc.† | 6,211 | 325,208 | ||||
Insmed, Inc.† | 1,965 | 131,655 | ||||
Intellia Therapeutics, Inc.† | 6,284 | 140,636 | ||||
Janux Therapeutics, Inc.† | 3,623 | 151,767 | ||||
Kiniksa Pharmaceuticals International PLC† | 8,849 | 165,211 | ||||
Krystal Biotech, Inc.† | 820 | 150,585 | ||||
Madrigal Pharmaceuticals, Inc.† | 217 | 60,795 | ||||
MiMedx Group, Inc.† | 16,120 | 111,712 | ||||
Nuvalent, Inc. Class A† | 1,277 | 96,873 | ||||
Relay Therapeutics, Inc.† | 22,296 | 145,370 | ||||
REVOLUTION Medicines, Inc.† | 1,837 | 71,294 | ||||
SpringWorks Therapeutics, Inc.† | 1,891 | 71,234 | ||||
TG Therapeutics, Inc.† | 10,563 | 187,916 | ||||
Twist Bioscience Corp.† | 1,762 | 86,831 |
See accompanying notes to portfolio of investments
4 | Allspring Disciplined Small Cap Fund
Portfolio of investments—June 30, 2024 (unaudited)
Shares | Value | |||||
Biotechnology(continued) | ||||||
Ultragenyx Pharmaceutical, Inc.† | 1,233 | $50,676 | ||||
Vaxcyte, Inc.† | 2,064 | 155,853 | ||||
Veracyte, Inc.† | 5,303 | 114,916 | ||||
Viking Therapeutics, Inc.† | 2,117 | 112,222 | ||||
Voyager Therapeutics, Inc.† | 19,506 | 154,292 | ||||
4,486,878 | ||||||
Health care equipment & supplies: 2.52% | ||||||
Embecta Corp. | 4,838 | 60,475 | ||||
Haemonetics Corp.† | 981 | 81,158 | ||||
Inmode Ltd.† | 4,337 | 79,107 | ||||
Lantheus Holdings, Inc.† | 4,487 | 360,261 | ||||
LeMaitre Vascular, Inc. | 2,068 | 170,155 | ||||
LivaNova PLC† | 5,303 | 290,711 | ||||
Merit Medical Systems, Inc.† | 2,298 | 197,513 | ||||
Omnicell, Inc.† | 1,390 | 37,627 | ||||
TransMedics Group, Inc.† | 1,169 | 176,075 | ||||
1,453,082 | ||||||
Health care providers & services: 3.28% | ||||||
Accolade, Inc.† | 4,715 | 16,880 | ||||
Addus HomeCare Corp.† | 2,114 | 245,457 | ||||
Alignment Healthcare, Inc.† | 22,587 | 176,630 | ||||
Castle Biosciences, Inc.† | 6,198 | 134,930 | ||||
Enhabit, Inc.† | 20,849 | 185,973 | ||||
HealthEquity, Inc.† | 679 | 58,530 | ||||
Hims & Hers Health, Inc.† | 6,923 | 139,775 | ||||
NeoGenomics, Inc.† | 16,748 | 232,295 | ||||
Option Care Health, Inc.† | 1,793 | 49,666 | ||||
Privia Health Group, Inc.† | 5,119 | 88,968 | ||||
Progyny, Inc.† | 3,560 | 101,852 | ||||
Select Medical Holdings Corp. | 3,747 | 131,370 | ||||
Tenet Healthcare Corp.† | 2,499 | 332,442 | ||||
1,894,768 | ||||||
Health care technology: 0.13% | ||||||
Schrodinger, Inc.† | 3,826 | 73,995 | ||||
Life sciences tools & services: 0.42% | ||||||
BioLife Solutions, Inc.† | 7,737 | 165,804 | ||||
Quanterix Corp.† | 6,048 | 79,894 | ||||
245,698 | ||||||
Pharmaceuticals: 2.71% | ||||||
Amneal Pharmaceuticals, Inc.† | 28,931 | 183,712 | ||||
Amphastar Pharmaceuticals, Inc.† | 4,386 | 175,440 | ||||
ANI Pharmaceuticals, Inc.† | 3,592 | 228,738 | ||||
Arvinas, Inc.† | 8,248 | 219,562 | ||||
Collegium Pharmaceutical, Inc.† | 3,166 | 101,945 |
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 5
Portfolio of investments—June 30, 2024 (unaudited)
Shares | Value | |||||
Pharmaceuticals(continued) | ||||||
Corcept Therapeutics, Inc.† | 10,974 | $356,545 | ||||
Harmony Biosciences Holdings, Inc.† | 8,105 | 244,528 | ||||
Intra-Cellular Therapies, Inc.† | 747 | 51,162 | ||||
1,561,632 | ||||||
Industrials: 16.65% | ||||||
Aerospace & defense: 1.01% | ||||||
Moog, Inc. Class A | 2,024 | 338,615 | ||||
V2X, Inc.† | 5,137 | 246,371 | ||||
584,986 | ||||||
Building products: 0.54% | ||||||
Griffon Corp. | 4,869 | 310,934 | ||||
Commercial services & supplies: 0.86% | ||||||
Brink’s Co. | 1,259 | 128,922 | ||||
Cimpress PLC† | 2,081 | 182,316 | ||||
Ennis, Inc. | 5,137 | 112,449 | ||||
Healthcare Services Group, Inc.† | 6,787 | 71,807 | ||||
495,494 | ||||||
Construction & engineering: 2.28% | ||||||
Comfort Systems USA, Inc. | 1,205 | 366,464 | ||||
EMCOR Group, Inc. | 754 | 275,270 | ||||
MYR Group, Inc.† | 1,284 | 174,252 | ||||
Primoris Services Corp. | 8,110 | 404,608 | ||||
Sterling Infrastructure, Inc.† | 805 | 95,264 | ||||
1,315,858 | ||||||
Electrical equipment: 2.59% | ||||||
Array Technologies, Inc.† | 23,938 | 245,604 | ||||
Atkore, Inc. | 2,718 | 366,740 | ||||
Fluence Energy, Inc.† | 17,852 | 309,554 | ||||
NEXTracker, Inc. Class A† | 6,295 | 295,109 | ||||
Powell Industries, Inc. | 1,926 | 276,188 | ||||
1,493,195 | ||||||
Ground transportation: 0.56% | ||||||
ArcBest Corp. | 2,998 | 321,026 | ||||
Machinery: 2.87% | ||||||
Blue Bird Corp.† | 6,143 | 330,801 | ||||
Enerpac Tool Group Corp. | 4,918 | 187,769 | ||||
Hillenbrand, Inc. | 2,760 | 110,455 | ||||
Hyster-Yale Materials Handling, Inc. | 2,002 | 139,599 | ||||
Luxfer Holdings PLC | 13,981 | 162,040 | ||||
Mueller Industries, Inc. | 5,363 | 305,369 |
See accompanying notes to portfolio of investments
6 | Allspring Disciplined Small Cap Fund
Portfolio of investments—June 30, 2024 (unaudited)
Shares | Value | |||||
Machinery(continued) | ||||||
Tennant Co. | 1,473 | $145,002 | ||||
Terex Corp. | 4,984 | 273,323 | ||||
1,654,358 | ||||||
Marine transportation: 0.71% | ||||||
Costamare, Inc. | 9,411 | 154,623 | ||||
Matson, Inc. | 1,955 | 256,046 | ||||
410,669 | ||||||
Professional services: 2.23% | ||||||
CBIZ, Inc.† | 1,400 | 103,740 | ||||
ExlService Holdings, Inc.† | 5,479 | 171,821 | ||||
Exponent, Inc. | 998 | 94,930 | ||||
Insperity, Inc. | 2,768 | 252,469 | ||||
Kelly Services, Inc. Class A | 7,372 | 157,835 | ||||
Legalzoom.com, Inc.† | 18,804 | 157,766 | ||||
Parsons Corp.† | 1,664 | 136,132 | ||||
TriNet Group, Inc. | 2,146 | 214,600 | ||||
1,289,293 | ||||||
Trading companies & distributors: 3.00% | ||||||
Applied Industrial Technologies, Inc. | 2,636 | 511,384 | ||||
Boise Cascade Co. | 2,847 | 339,419 | ||||
DXP Enterprises, Inc.† | 4,177 | 191,474 | ||||
GMS, Inc.† | 3,152 | 254,083 | ||||
Rush Enterprises, Inc. Class A | 6,868 | 287,563 | ||||
WESCO International, Inc. | 918 | 145,521 | ||||
1,729,444 | ||||||
Information technology: 13.21% | ||||||
Electronic equipment, instruments & components: 4.00% | ||||||
Arlo Technologies, Inc.† | 29,993 | 391,109 | ||||
Fabrinet† | 2,414 | 590,923 | ||||
Itron, Inc.† | 3,681 | 364,272 | ||||
Mirion Technologies, Inc.† | 25,188 | 270,519 | ||||
Sanmina Corp.† | 4,975 | 329,594 | ||||
TTM Technologies, Inc.† | 18,620 | 361,786 | ||||
2,308,203 | ||||||
IT services: 0.25% | ||||||
DigitalOcean Holdings, Inc.† | 2,936 | 102,026 | ||||
Fastly, Inc. Class A† | 5,844 | 43,071 | ||||
145,097 | ||||||
Semiconductors & semiconductor equipment: 4.14% | ||||||
ACM Research, Inc. Class A† | 13,198 | 304,346 | ||||
Amkor Technology, Inc. | 9,610 | 384,592 | ||||
Axcelis Technologies, Inc.† | 3,648 | 518,709 | ||||
Onto Innovation, Inc.† | 963 | 211,436 |
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 7
Portfolio of investments—June 30, 2024 (unaudited)
Shares | Value | |||||
Semiconductors & semiconductor equipment(continued) | ||||||
Photronics, Inc.† | 9,680 | $238,806 | ||||
Rambus, Inc.† | 4,883 | 286,925 | ||||
SMART Global Holdings, Inc.† | 18,077 | 413,421 | ||||
Ultra Clean Holdings, Inc.† | 641 | 31,409 | ||||
2,389,644 | ||||||
Software: 4.82% | ||||||
Adeia, Inc. | 18,862 | 210,971 | ||||
Amplitude, Inc. Class A† | 7,437 | 66,189 | ||||
Appfolio, Inc. Class A† | 1,154 | 282,234 | ||||
C3.ai, Inc. Class A† | 2,259 | 65,421 | ||||
Clear Secure, Inc. Class A | 11,051 | 206,764 | ||||
Freshworks, Inc. Class A† | 7,853 | 99,655 | ||||
Intapp, Inc.† | 3,967 | 145,470 | ||||
InterDigital, Inc. | 2,958 | 344,785 | ||||
LiveRamp Holdings, Inc.† | 13,082 | 404,757 | ||||
Olo, Inc. Class A† | 22,624 | 99,998 | ||||
PagerDuty, Inc.† | 3,873 | 88,808 | ||||
SPS Commerce, Inc.† | 1,478 | 278,100 | ||||
Tenable Holdings, Inc.† | 2,118 | 92,302 | ||||
Zeta Global Holdings Corp. Class A† | 22,286 | 393,348 | ||||
2,778,802 | ||||||
Materials: 4.46% | ||||||
Chemicals: 2.14% | ||||||
Hawkins, Inc. | 1,186 | 107,926 | ||||
Koppers Holdings, Inc. | 5,663 | 209,474 | ||||
Mativ Holdings, Inc. | 14,679 | 248,956 | ||||
Minerals Technologies, Inc. | 3,188 | 265,114 | ||||
Orion SA | 11,535 | 253,078 | ||||
Quaker Chemical Corp. | 350 | 59,395 | ||||
Tronox Holdings PLC | 5,835 | 91,551 | ||||
1,235,494 | ||||||
Containers & packaging: 0.21% | ||||||
O-I Glass, Inc.† | 10,999 | 122,419 | ||||
Metals & mining: 1.56% | ||||||
Commercial Metals Co. | 5,443 | 299,311 | ||||
Constellium SE† | 17,870 | 336,849 | ||||
Ryerson Holding Corp. | 4,226 | 82,407 | ||||
SunCoke Energy, Inc. | 18,517 | 181,467 | ||||
900,034 | ||||||
Paper & forest products: 0.55% | ||||||
Clearwater Paper Corp.† | 6,488 | 314,473 |
See accompanying notes to portfolio of investments
8 | Allspring Disciplined Small Cap Fund
Portfolio of investments—June 30, 2024 (unaudited)
Shares | Value | |||||
Real estate: 5.71% | ||||||
Diversified REITs: 1.00% | ||||||
Broadstone Net Lease, Inc. | 15,561 | $246,953 | ||||
Essential Properties Realty Trust, Inc. | 11,926 | 330,470 | ||||
577,423 | ||||||
Health care REITs: 0.54% | ||||||
CareTrust REIT, Inc. | 9,753 | 244,800 | ||||
National Health Investors, Inc. | 972 | 65,834 | ||||
310,634 | ||||||
Hotel & resort REITs: 1.70% | ||||||
Apple Hospitality REIT, Inc. | 21,303 | 309,745 | ||||
DiamondRock Hospitality Co. | 36,494 | 308,374 | ||||
RLJ Lodging Trust | 6,682 | 64,348 | ||||
Ryman Hospitality Properties, Inc. | 2,994 | 298,981 | ||||
981,448 | ||||||
Real estate management & development: 0.83% | ||||||
Forestar Group, Inc.† | 8,365 | 267,597 | ||||
Newmark Group, Inc. Class A | 20,775 | 212,528 | ||||
480,125 | ||||||
Residential REITs : 0.78% | ||||||
BRT Apartments Corp. | 11,682 | 204,084 | ||||
NexPoint Residential Trust, Inc. | 6,192 | 244,646 | ||||
448,730 | ||||||
Retail REITs : 0.63% | ||||||
Getty Realty Corp. | 3,587 | 95,629 | ||||
Urban Edge Properties | 14,461 | 267,095 | ||||
362,724 | ||||||
Specialized REITs : 0.23% | ||||||
Uniti Group, Inc. | 46,042 | 134,443 | ||||
Utilities: 2.59% | ||||||
Electric utilities: 0.66% | ||||||
Otter Tail Corp. | 4,342 | 380,316 | ||||
Gas utilities: 0.77% | ||||||
Brookfield Infrastructure Corp. Class A | 3,493 | 117,575 | ||||
New Jersey Resources Corp. | 5,034 | 215,153 | ||||
Southwest Gas Holdings, Inc. | 1,611 | 113,382 | ||||
446,110 | ||||||
Independent power and renewable electricity producers: 0.27% | ||||||
Clearway Energy, Inc. Class A | 6,793 | 153,929 |
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 9
Portfolio of investments—June 30, 2024 (unaudited)
Shares | Value | |||||
Multi-utilities: 0.40% | ||||||
Black Hills Corp. | 1,460 | $79,395 | ||||
Northwestern Energy Group, Inc. | 2,986 | 149,539 | ||||
228,934 | ||||||
Water utilities: 0.49% | ||||||
Consolidated Water Co. Ltd. | 4,749 | 126,038 | ||||
SJW Group | 2,953 | 160,112 | ||||
286,150 | ||||||
Total common stocks (Cost $50,504,236) | 56,448,269 |
Expiration date | ||||||
Rights: 0.00% | ||||||
Health care: 0.00% | ||||||
Biotechnology: 0.00% | ||||||
Aduro Biotech, Inc.♦† | 10-2-2030 | 4,415 | 0 | |||
Life sciences tools & services: 0.00% | ||||||
OmniAb, Inc. $12.50 Earnout shares♦† | 11-2-2027 | 104 | 0 | |||
OmniAb, Inc. $15.00 Earnout shares♦† | 11-2-2027 | 104 | 0 | |||
Total rights (Cost $0) | 0 |
Yield | ||||||
Short-term investments: 2.06% | ||||||
Investment companies: 2.06% | ||||||
Allspring Government Money Market Fund Select Class♠∞ | 5.25 % | 1,189,755 | 1,189,755 | |||
Total short-term investments (Cost $1,189,755) | 1,189,755 | |||||
Total investments in securities (Cost $51,693,991) | 99.89 % | 57,638,024 | ||||
Other assets and liabilities, net | 0.11 | 64,209 | ||||
Total net assets | 100.00 % | $57,702,233 |
† | Non-income-earning security |
♦ | The security is fair valued in accordance with procedures approved by the Board of Trustees. |
♠ | 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. |
Abbreviations: | |
REIT | Real estate investment trust |
See accompanying notes to portfolio of investments
10 | Allspring Disciplined Small Cap Fund
Portfolio of investments—June 30, 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 | $1,643,149 | $1,783,869 | $(2,237,263 ) | $0 | $0 | $1,189,755 | 1,189,755 | $13,400 |
Futures contracts
Description | Number of contracts | Expiration date | Notional cost | Notional value | Unrealized gains | Unrealized losses |
Long | ||||||
Micro E-Mini Russell 2000 Index | 111 | 9-20-2024 | $1,142,766 | $1,146,075 | $3,309 | $0 |
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 11
Notes to portfolio of investments—June 30, 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.
Equity securities, exchange traded funds and 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.
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 security values and is subject to equity price 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 Disciplined Small Cap Fund
Notes to portfolio of investments—June 30, 2024 (unaudited)
The following is a summary of the inputs used in valuing the Fund’s assets and liabilities as of June 30, 2024:
Quoted prices (Level 1) | Other significant observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total | |
Assets | ||||
Investments in: | ||||
Common stocks | ||||
Communication services | $1,055,884 | $0 | $0 | $1,055,884 |
Consumer discretionary | 5,825,304 | 0 | 0 | 5,825,304 |
Consumer staples | 1,983,050 | 0 | 0 | 1,983,050 |
Energy | 3,951,951 | 0 | 0 | 3,951,951 |
Financials | 9,325,638 | 0 | 0 | 9,325,638 |
Health care | 9,716,053 | 0 | 0 | 9,716,053 |
Industrials | 9,605,257 | 0 | 0 | 9,605,257 |
Information technology | 7,621,746 | 0 | 0 | 7,621,746 |
Materials | 2,572,420 | 0 | 0 | 2,572,420 |
Real estate | 3,295,527 | 0 | 0 | 3,295,527 |
Utilities | 1,495,439 | 0 | 0 | 1,495,439 |
Rights | ||||
Health care | 0 | 0 | 0 | 0 |
Short-term investments | ||||
Investment companies | 1,189,755 | 0 | 0 | 1,189,755 |
57,638,024 | 0 | 0 | 57,638,024 | |
Futures contracts | 3,309 | 0 | 0 | 3,309 |
Total assets | $57,641,333 | $0 | $0 | $57,641,333 |
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 June 30, 2024, $117,650 was segregated as cash collateral for these open futures contracts.
At June 30, 2024, the Fund did not have any transfers into/out of Level 3.
Allspring Disciplined Small Cap Fund | 13