Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Common stocks: 94.25% | |||||
Communication services: 6.72% | |||||
Diversified telecommunication services: 0.70% | |||||
AT&T Incorporated | 81,507 | $ 1,571,455 | |||
Lumen Technologies Incorporated | 54,302 | 297,032 | |||
Verizon Communications Incorporated | 42,588 | 1,660,080 | |||
3,528,567 | |||||
Entertainment: 1.31% | |||||
Electronic Arts Incorporated | 3,356 | 438,898 | |||
Live Nation Entertainment Incorporated † | 3,394 | 246,947 | |||
Netflix Incorporated † | 5,170 | 1,579,590 | |||
Playtika Holding Corporation † | 13,390 | 126,536 | |||
Spotify Technology SA † | 1,188 | 94,351 | |||
Take-Two Interactive Software Incorporated † | 1,932 | 204,193 | |||
The Madison Square Garden Company Class A | 1,274 | 207,458 | |||
The Walt Disney Company † | 18,330 | 1,793,957 | |||
Warner Bros. Discovery Incorporated † | 7,460 | 85,044 | |||
World Wrestling Entertainment Incorporated Class A | 22,315 | 1,782,522 | |||
6,559,496 | |||||
Interactive media & services: 3.70% | |||||
Alphabet Incorporated Class A † | 75,134 | 7,587,783 | |||
Alphabet Incorporated Class C † | 68,416 | 6,940,803 | |||
IAC/InterActiveCorp † | 702 | 36,427 | |||
Match Group Incorporated † | 1,307 | 66,082 | |||
Meta Platforms Incorporated Class A † | 28,140 | 3,323,334 | |||
Pinterest Incorporated Class A † | 3,057 | 77,709 | |||
TripAdvisor Incorporated † | 12,871 | 262,440 | |||
Zillow Group Incorporated Class A † | 5,648 | 211,235 | |||
Zillow Group Incorporated Class C † | 3,475 | 131,981 | |||
18,637,794 | |||||
Media: 0.79% | |||||
Altice USA Incorporated † | 10,375 | 47,310 | |||
Charter Communications Incorporated Class A † | 1,000 | 391,290 | |||
Comcast Corporation Class A | 42,655 | 1,562,879 | |||
Fox Corporation Class A | 6,564 | 213,002 | |||
Interpublic Group of Companies Incorporated | 705 | 24,224 | |||
Nexstar Media Group Incorporated Class A | 4,768 | 903,822 | |||
Omnicom Group Incorporated | 5,746 | 458,301 | |||
Sirius XM Holdings Incorporated | 46,760 | 303,472 | |||
ViacomCBS Incorporated Class A | 3,815 | 87,287 | |||
3,991,587 | |||||
Wireless telecommunication services: 0.22% | |||||
T-Mobile US Incorporated † | 7,408 | 1,122,016 | |||
Consumer discretionary: 10.94% | |||||
Auto components: 0.32% | |||||
Aptiv plc † | 3,166 | 337,717 | |||
BorgWarner Incorporated | 7,776 | 330,558 |
See accompanying notes to portfolio of
investments
Allspring Factor Enhanced U.S.
Large Cap Equity Portfolio | 1
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Auto components (continued) | |||||
Gentex Corporation | 2,865 | $ 82,799 | |||
Lear Corporation | 6,050 | 872,652 | |||
1,623,726 | |||||
Automobiles: 2.18% | |||||
Ford Motor Company | 120,713 | 1,677,911 | |||
General Motors Company | 31,917 | 1,294,554 | |||
Harley-Davidson Incorporated | 31,457 | 1,482,568 | |||
Tesla Motors Incorporated † | 29,439 | 5,731,773 | |||
Thor Industries Incorporated | 8,963 | 772,073 | |||
10,958,879 | |||||
Distributors: 0.09% | |||||
Genuine Parts Company | 1,439 | 263,812 | |||
LKQ Corporation | 3,097 | 168,260 | |||
432,072 | |||||
Diversified consumer services: 0.26% | |||||
Grand Canyon Education Incorporated † | 2,257 | 255,199 | |||
H&R Block Incorporated | 23,796 | 1,040,123 | |||
1,295,322 | |||||
Hotels, restaurants & leisure: 2.44% | |||||
Aramark | 27,327 | 1,136,803 | |||
Booking Holdings Incorporated † | 256 | 532,339 | |||
Boyd Gaming Corporation | 14,735 | 903,698 | |||
Chipotle Mexican Grill Incorporated † | 85 | 138,292 | |||
Choice Hotels International Incorporated | 5,679 | 699,766 | |||
Churchill Downs Incorporated | 433 | 96,109 | |||
Darden Restaurants Incorporated | 2,263 | 332,638 | |||
Domino's Pizza Incorporated | 1,834 | 712,931 | |||
Expedia Group Incorporated † | 1,189 | 127,033 | |||
Hilton Worldwide Holdings Incorporated | 4,213 | 600,858 | |||
Marriott International Incorporated Class A | 4,487 | 741,925 | |||
Marriott Vacations Worldwide Corporation | 425 | 63,317 | |||
McDonald's Corporation | 8,071 | 2,201,688 | |||
Six Flags Entertainment Corporation † | 6,304 | 151,863 | |||
Starbucks Corporation | 11,540 | 1,179,388 | |||
The Wendy's Company | 2,161 | 48,752 | |||
Travel Leisure Company | 20,873 | 811,334 | |||
Wyndham Hotels & Resorts Incorporated | 8,625 | 632,385 | |||
Yum! Brands Incorporated | 9,233 | 1,187,918 | |||
12,299,037 | |||||
Household durables: 0.14% | |||||
D.R. Horton Incorporated | 512 | 44,032 | |||
Newell Rubbermaid Incorporated | 357 | 4,630 | |||
PulteGroup Incorporated | 3,832 | 171,597 | |||
Toll Brothers Incorporated | 5,903 | 282,813 | |||
Whirlpool Corporation | 1,332 | 195,178 | |||
698,250 | |||||
Internet & direct marketing retail: 2.21% | |||||
Amazon.com Incorporated † | 106,734 | 10,304,100 | |||
eBay Incorporated | 7,089 | 322,124 |
See accompanying notes to portfolio of
investments
2 | Allspring Factor
Enhanced U.S. Large Cap Equity Portfolio
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Internet & direct marketing retail (continued) | |||||
Etsy Incorporated † | 1,507 | $ 199,060 | |||
Wayfair Incorporated Class A † | 7,796 | 285,645 | |||
11,110,929 | |||||
Leisure products: 0.17% | |||||
Hasbro Incorporated | 4,125 | 259,133 | |||
Mattel Incorporated † | 13,932 | 253,980 | |||
Polaris Industries Incorporated | 3,161 | 360,544 | |||
873,657 | |||||
Multiline retail: 0.37% | |||||
Dollar General Corporation | 779 | 199,175 | |||
Dollar Tree Incorporated † | 1,223 | 183,805 | |||
Kohl's Corporation | 1,579 | 50,654 | |||
Macy's Incorporated | 40,835 | 959,623 | |||
Nordstrom Incorporated | 11,047 | 231,656 | |||
Target Corporation | 1,519 | 253,779 | |||
1,878,692 | |||||
Specialty retail: 2.53% | |||||
AutoNation Incorporated † | 11,578 | 1,434,630 | |||
AutoZone Incorporated † | 220 | 567,380 | |||
Bath & Body Works Incorporated | 2,917 | 123,973 | |||
Best Buy Company Incorporated | 2,401 | 204,805 | |||
Dick's Sporting Goods Incorporated | 2,447 | 292,612 | |||
Lithia Motors Incorporated Class A | 412 | 98,596 | |||
Lowe's Companies Incorporated | 7,853 | 1,669,155 | |||
O'Reilly Automotive Incorporated † | 598 | 516,995 | |||
Penske Auto Group Incorporated | 7,726 | 976,953 | |||
Petco Health & Wellness Company † | 1,900 | 20,976 | |||
The Home Depot Incorporated | 10,906 | 3,533,435 | |||
The TJX Companies Incorporated | 12,001 | 960,680 | |||
Tractor Supply Company | 1,371 | 310,271 | |||
Ulta Beauty Incorporated † | 1,340 | 622,886 | |||
Victoria's Secret Corporation † | 21,950 | 1,009,700 | |||
Williams-Sonoma Incorporated | 3,180 | 371,742 | |||
12,714,789 | |||||
Textiles, apparel & luxury goods: 0.23% | |||||
Capri Holdings Limited † | 5,166 | 296,270 | |||
Carter's Incorporated | 472 | 34,475 | |||
HanesBrands Incorporated | 18,685 | 125,563 | |||
Nike Incorporated Class B | 5,066 | 555,690 | |||
PVH Corporation | 797 | 53,542 | |||
Under Armour Incorporated Class A † | 9,323 | 93,230 | |||
Under Armour Incorporated Class C † | 2,650 | 23,108 | |||
1,181,878 | |||||
Consumer staples: 6.29% | |||||
Beverages: 1.53% | |||||
Brown-Forman Corporation Class A | 312 | 22,773 | |||
Brown-Forman Corporation Class B | 1,542 | 112,597 | |||
Constellation Brands Incorporated Class A | 1,809 | 465,546 | |||
Keurig Dr. Pepper Incorporated | 4,744 | 183,450 |
See accompanying notes to portfolio of
investments
Allspring Factor Enhanced U.S.
Large Cap Equity Portfolio | 3
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Beverages (continued) | |||||
Molson Coors Brewing Company Class B | 12,090 | $ 666,280 | |||
PepsiCo Incorporated | 18,242 | 3,384,073 | |||
The Coca-Cola Company | 45,319 | 2,882,742 | |||
7,717,461 | |||||
Food & staples retailing: 1.47% | |||||
Albertsons Companies LLC | 20,106 | 421,221 | |||
BJ's Wholesale Club Holdings Incorporated † | 8,117 | 610,723 | |||
Costco Wholesale Corporation | 4,510 | 2,432,018 | |||
Sysco Corporation | 7,922 | 685,332 | |||
The Kroger Company | 18,544 | 912,179 | |||
US Foods Holding Corporation † | 2,792 | 102,131 | |||
Walgreens Boots Alliance Incorporated | 2,228 | 92,462 | |||
Walmart Incorporated | 14,231 | 2,169,089 | |||
7,425,155 | |||||
Food products: 1.36% | |||||
Archer Daniels Midland Company | 9,704 | 946,140 | |||
Bunge Limited | 8,569 | 898,374 | |||
Campbell Soup Company | 10,462 | 561,496 | |||
ConAgra Foods Incorporated | 4,517 | 171,556 | |||
Flowers Foods Incorporated | 25,331 | 761,197 | |||
General Mills Incorporated | 10,402 | 887,291 | |||
Ingredion Incorporated | 2,216 | 217,102 | |||
Kellogg Company | 4,191 | 305,733 | |||
Lamb Weston Holdings Incorporated | 1,494 | 129,829 | |||
Mondelez International Incorporated Class A | 5,488 | 371,044 | |||
Pilgrim's Pride Corporation † | 18,037 | 471,848 | |||
The Hershey Company | 1,125 | 264,566 | |||
The J.M. Smucker Company | 894 | 137,685 | |||
Tyson Foods Incorporated Class A | 10,703 | 709,395 | |||
6,833,256 | |||||
Household products: 1.18% | |||||
Church & Dwight Company Incorporated | 557 | 45,602 | |||
Colgate-Palmolive Company | 10,816 | 838,024 | |||
Kimberly-Clark Corporation | 4,505 | 611,013 | |||
Reynolds Consumer Products Incorporated | 14,303 | 457,124 | |||
The Clorox Company | 260 | 38,649 | |||
The Procter & Gamble Company | 26,525 | 3,956,469 | |||
5,946,881 | |||||
Personal products: 0.20% | |||||
Coty Incorporated Class A † | 78,901 | 620,951 | |||
The Estee Lauder Companies Incorporated Class A | 1,552 | 365,946 | |||
986,897 | |||||
Tobacco: 0.55% | |||||
Altria Group Incorporated | 27,364 | 1,274,615 | |||
Philip Morris International Incorporated | 14,736 | 1,468,737 | |||
2,743,352 |
See accompanying notes to portfolio of
investments
4 | Allspring Factor
Enhanced U.S. Large Cap Equity Portfolio
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Energy: 4.68% | |||||
Energy equipment & services: 0.16% | |||||
Baker Hughes Company | 7,031 | $ 204,040 | |||
Schlumberger Limited | 11,518 | 593,753 | |||
797,793 | |||||
Oil, gas & consumable fuels: 4.52% | |||||
Antero Resources Corporation † | 6,735 | 246,164 | |||
APA Corporation | 23,446 | 1,098,445 | |||
Cheniere Energy Incorporated | 5,457 | 956,940 | |||
Chevron Corporation | 22,123 | 4,055,367 | |||
ConocoPhillips | 9,784 | 1,208,422 | |||
Devon Energy Corporation | 3,553 | 243,452 | |||
EOG Resources Incorporated | 7,255 | 1,029,702 | |||
Exxon Mobil Corporation | 54,026 | 6,015,255 | |||
HF Sinclair Corporation | 1,844 | 114,955 | |||
Marathon Oil Corporation | 20,580 | 630,365 | |||
Marathon Petroleum Corporation | 10,040 | 1,222,972 | |||
Occidental Petroleum Corporation | 13,759 | 956,113 | |||
Ovintiv Incorporated | 23,064 | 1,286,049 | |||
Phillips 66 | 10,699 | 1,160,200 | |||
Targa Resources Corporation | 16,245 | 1,208,466 | |||
Valero Energy Corporation | 9,803 | 1,309,877 | |||
22,742,744 | |||||
Financials: 9.30% | |||||
Banks: 2.59% | |||||
Bank of America Corporation | 69,372 | 2,625,730 | |||
Bank OZK | 13,374 | 617,210 | |||
BOK Financial Corporation | 806 | 84,396 | |||
Citigroup Incorporated | 16,014 | 775,238 | |||
Citizens Financial Group Incorporated | 4,974 | 210,798 | |||
Comerica Incorporated | 3,455 | 247,862 | |||
Fifth Third Bancorp | 11,697 | 425,303 | |||
FNB Corporation | 15,658 | 220,778 | |||
JPMorgan Chase & Company | 29,597 | 4,089,713 | |||
KeyCorp | 10,073 | 189,473 | |||
M&T Bank Corporation | 3,209 | 545,594 | |||
PNC Financial Services Group Incorporated | 1,786 | 300,512 | |||
Popular Incorporated | 6,662 | 486,459 | |||
Regions Financial Corporation | 12,396 | 287,711 | |||
Synovus Financial Corporation | 5,751 | 242,290 | |||
Truist Financial Corporation | 13,217 | 618,688 | |||
US Bancorp | 11,693 | 530,745 | |||
Wintrust Financial Corporation | 4,008 | 366,451 | |||
Zions Bancorporation | 3,484 | 180,541 | |||
13,045,492 | |||||
Capital markets: 2.77% | |||||
Affiliated Managers Group Incorporated | 4,268 | 684,673 | |||
Ameriprise Financial Incorporated | 1,780 | 590,871 | |||
Bank of New York Mellon Corporation | 9,278 | 425,860 | |||
BlackRock Incorporated | 1,790 | 1,281,640 | |||
Blue Owl Capital Incorporated | 8,874 | 100,276 | |||
Cboe Global Markets Incorporated | 3,482 | 441,657 |
See accompanying notes to portfolio of
investments
Allspring Factor Enhanced U.S.
Large Cap Equity Portfolio | 5
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Capital markets (continued) | |||||
Evercore Partners Incorporated Class A | 3,490 | $ 401,978 | |||
FactSet Research Systems Incorporated | 1,495 | 689,629 | |||
Franklin Resources Incorporated | 11,120 | 298,127 | |||
Intercontinental Exchange Incorporated | 1,226 | 132,788 | |||
Invesco Limited | 4,484 | 85,689 | |||
Janus Henderson Group plc | 1,692 | 42,791 | |||
Jefferies Financial Group Incorporated | 11,469 | 435,707 | |||
LPL Financial Holdings Incorporated | 6,483 | 1,534,591 | |||
Moody's Corporation | 90 | 26,844 | |||
Morgan Stanley | 9,631 | 896,357 | |||
Morningstar Incorporated | 1,989 | 487,564 | |||
Northern Trust Corporation | 469 | 43,669 | |||
Raymond James Financial Incorporated | 4,112 | 480,693 | |||
S&P Global Incorporated | 1,272 | 448,762 | |||
SEI Investments Company | 1,253 | 78,037 | |||
State Street Corporation | 2,492 | 198,538 | |||
Stifel Financial Corporation | 3,286 | 211,126 | |||
T. Rowe Price Group Incorporated | 2,711 | 338,631 | |||
The Blackstone Group Incorporated Class A | 8,334 | 762,811 | |||
The Carlyle Group Incorporated | 2,512 | 78,299 | |||
The Charles Schwab Corporation | 8,602 | 710,009 | |||
The Goldman Sachs Group Incorporated | 2,564 | 990,089 | |||
Virtu Financial Incorporated Class A | 46,538 | 1,032,213 | |||
13,929,919 | |||||
Consumer finance: 0.48% | |||||
Ally Financial Incorporated | 2,714 | 73,305 | |||
American Express Company | 5,104 | 804,339 | |||
Credit Acceptance Corporation † | 692 | 327,980 | |||
Discover Financial Services | 2,472 | 267,866 | |||
SLM Corporation | 41,377 | 722,442 | |||
Synchrony Financial | 5,368 | 201,729 | |||
Upstart Holdings Incorporated † | 1,037 | 20,273 | |||
2,417,934 | |||||
Diversified financial services: 1.61% | |||||
Apollo Global Management Incorporated | 1,105 | 76,676 | |||
Berkshire Hathaway Incorporated Class B † | 22,785 | 7,259,301 | |||
Equitable Holdings Incorporated | 2,553 | 81,032 | |||
Voya Financial Incorporated | 10,827 | 714,365 | |||
8,131,374 | |||||
Insurance: 1.78% | |||||
AFLAC Incorporated | 3,826 | 275,204 | |||
American Financial Group Incorporated | 6,643 | 944,767 | |||
American International Group Incorporated | 3,608 | 227,701 | |||
Aon plc Class A | 1,035 | 319,070 | |||
Arch Capital Group Limited † | 892 | 53,440 | |||
Assurant Incorporated | 4,529 | 580,708 | |||
Axis Capital Holdings Limited | 7,549 | 434,520 | |||
Chubb Limited | 3,357 | 737,164 | |||
Erie Indemnity Company Class A | 302 | 85,282 | |||
Everest Reinsurance Group Limited | 904 | 305,498 | |||
Marsh & McLennan Companies Incorporated | 4,455 | 771,517 | |||
MetLife Incorporated | 6,368 | 488,426 |
See accompanying notes to portfolio of
investments
6 | Allspring Factor
Enhanced U.S. Large Cap Equity Portfolio
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Insurance (continued) | |||||
Old Republic International Corporation | 1,062 | $ 26,019 | |||
Progressive Corporation | 6,852 | 905,492 | |||
Prudential Financial Incorporated | 931 | 100,576 | |||
RenaissanceRe Holdings Limited | 1,167 | 220,458 | |||
The Allstate Corporation | 3,126 | 418,571 | |||
The Hanover Insurance Group Incorporated | 432 | 63,634 | |||
The Hartford Financial Services Group Incorporated | 3,972 | 303,342 | |||
The Travelers Companies Incorporated | 2,874 | 545,514 | |||
UnumProvident Corporation | 14,030 | 591,785 | |||
W.R. Berkley Corporation | 5,184 | 395,436 | |||
Willis Towers Watson plc | 661 | 162,712 | |||
8,956,836 | |||||
Mortgage REITs: 0.04% | |||||
AGNC Investment Corporation | 16,803 | 167,862 | |||
New Residential Investment Corporation | 5,261 | 47,612 | |||
215,474 | |||||
Thrifts & mortgage finance: 0.03% | |||||
Rocket Companies Incorporated Class A | 2,269 | 18,833 | |||
UWM Holdings Corporation | 29,119 | 129,580 | |||
148,413 | |||||
Health care: 14.57% | |||||
Biotechnology: 3.05% | |||||
AbbVie Incorporated | 28,064 | 4,523,356 | |||
Amgen Incorporated | 9,662 | 2,767,197 | |||
Biogen Incorporated † | 2,148 | 655,505 | |||
BioMarin Pharmaceutical Incorporated † | 4,492 | 453,602 | |||
Exelixis Incorporated † | 23,192 | 396,119 | |||
Gilead Sciences Incorporated | 23,275 | 2,044,243 | |||
Horizon Therapeutics plc † | 1,427 | 143,114 | |||
Incyte Corporation † | 2,214 | 176,389 | |||
Ionis Pharmaceuticals Incorporated † | 5,346 | 218,063 | |||
Moderna Incorporated † | 4,200 | 738,822 | |||
Novavax Incorporated † | 17,243 | 284,337 | |||
Regeneron Pharmaceuticals Incorporated † | 1,533 | 1,152,356 | |||
United Therapeutics Corporation † | 1,949 | 545,506 | |||
Vertex Pharmaceuticals Incorporated † | 4,034 | 1,276,358 | |||
15,374,967 | |||||
Health care equipment & supplies: 2.39% | |||||
Abbott Laboratories | 23,188 | 2,494,565 | |||
Baxter International Incorporated | 6,252 | 353,426 | |||
Becton Dickinson & Company | 4,396 | 1,096,099 | |||
Boston Scientific Corporation † | 15,218 | 688,919 | |||
Dentsply Sirona Incorporated | 9,584 | 290,012 | |||
DexCom Incorporated † | 1,142 | 132,792 | |||
Edwards Lifesciences Corporation † | 5,671 | 438,085 | |||
Envista Holdings Corporation † | 16,239 | 554,075 | |||
Globus Medical Incorporated Class A † | 1,235 | 91,254 | |||
Hologic Incorporated † | 6,119 | 466,023 | |||
ICU Medical Incorporated † | 2,513 | 400,145 | |||
IDEXX Laboratories Incorporated † | 1,007 | 428,851 |
See accompanying notes to portfolio of
investments
Allspring Factor Enhanced U.S.
Large Cap Equity Portfolio | 7
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Health care equipment & supplies (continued) | |||||
Integra LifeSciences Holdings Corporation † | 5,324 | $ 292,501 | |||
Intuitive Surgical Incorporated † | 1,477 | 399,366 | |||
Masimo Corporation † | 2,650 | 384,091 | |||
Medtronic plc | 14,277 | 1,128,454 | |||
Quidlelothro Corporation † | 616 | 53,968 | |||
ResMed Incorporated | 2,206 | 507,821 | |||
Stryker Corporation | 3,957 | 925,503 | |||
Tandem Diabetes Care Incorporated † | 505 | 21,235 | |||
Teleflex Incorporated | 1,753 | 410,412 | |||
Zimmer Biomet Holdings Incorporated | 3,791 | 455,299 | |||
12,012,896 | |||||
Health care providers & services: 3.03% | |||||
Acadia Healthcare Company Incorporated † | 692 | 61,630 | |||
Centene Corporation † | 9,436 | 821,404 | |||
Chemed Corporation | 913 | 474,760 | |||
Cigna Corporation | 4,922 | 1,618,797 | |||
CVS Health Corporation | 25,726 | 2,620,965 | |||
DaVita HealthCare Partners Incorporated † | 693 | 51,095 | |||
Elevance Health Incorporated | 3,172 | 1,690,422 | |||
HCA Healthcare Incorporated | 728 | 174,880 | |||
Henry Schein Incorporated † | 1,646 | 133,194 | |||
Humana Incorporated | 1,478 | 812,752 | |||
Molina Healthcare Incorporated † | 1,029 | 346,536 | |||
Quest Diagnostics Incorporated | 2,300 | 349,209 | |||
Tenet Healthcare Corporation † | 3,450 | 159,321 | |||
UnitedHealth Group Incorporated | 10,804 | 5,917,999 | |||
15,232,964 | |||||
Health care technology: 0.07% | |||||
Certara Incorporated † | 5,017 | 85,189 | |||
Definitive Healthcare Corporation † | 17,004 | 193,335 | |||
Veeva Systems Incorporated Class A † | 392 | 74,621 | |||
353,145 | |||||
Life sciences tools & services: 1.91% | |||||
Agilent Technologies Incorporated | 4,828 | 748,243 | |||
Avantor Incorporated † | 7,334 | 163,402 | |||
Bruker Corporation | 3,618 | 243,889 | |||
Charles River Laboratories International Incorporated † | 384 | 87,771 | |||
Danaher Corporation | 7,324 | 2,002,455 | |||
IQVIA Holdings Incorporated † | 4,309 | 939,448 | |||
Mettler-Toledo International Incorporated † | 448 | 658,363 | |||
PerkinElmer Incorporated | 2,565 | 358,407 | |||
Qiagen NV † | 9,599 | 475,534 | |||
Syneos Health Incorporated † | 9,957 | 351,283 | |||
Thermo Fisher Scientific Incorporated | 4,790 | 2,683,454 | |||
Waters Corporation † | 2,026 | 702,212 | |||
West Pharmaceutical Services Incorporated | 896 | 210,255 | |||
9,624,716 | |||||
Pharmaceuticals: 4.12% | |||||
Bristol-Myers Squibb Company | 34,876 | 2,799,845 | |||
Eli Lilly & Company | 10,263 | 3,808,394 | |||
Johnson & Johnson | 30,776 | 5,478,128 |
See accompanying notes to portfolio of
investments
8 | Allspring Factor
Enhanced U.S. Large Cap Equity Portfolio
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Pharmaceuticals (continued) | |||||
Merck & Company Incorporated | 31,157 | $ 3,431,009 | |||
Organon & Company | 17,594 | 457,796 | |||
Perrigo Company plc | 1,626 | 52,406 | |||
Pfizer Incorporated | 72,373 | 3,628,058 | |||
Viatris Incorporated | 43,689 | 481,890 | |||
Zoetis Incorporated | 3,930 | 605,770 | |||
20,743,296 | |||||
Industrials: 8.76% | |||||
Aerospace & defense: 1.68% | |||||
BWX Technologies Incorporated | 2,384 | 145,162 | |||
Curtiss-Wright Corporation | 1,042 | 184,069 | |||
General Dynamics Corporation | 4,590 | 1,158,470 | |||
Howmet Aerospace Incorporated | 14,419 | 543,164 | |||
Huntington Ingalls Industries Incorporated | 1,192 | 276,496 | |||
L3Harris Technologies Incorporated | 3,501 | 795,007 | |||
Lockheed Martin Corporation | 3,511 | 1,703,502 | |||
Northrop Grumman Corporation | 3,162 | 1,686,263 | |||
Raytheon Technologies Corporation | 17,248 | 1,702,723 | |||
The Boeing Company † | 1,527 | 273,150 | |||
8,468,006 | |||||
Air freight & logistics: 0.58% | |||||
C.H. Robinson Worldwide Incorporated | 6,083 | 609,638 | |||
FedEx Corporation | 1,983 | 361,342 | |||
GXO Logistics Incorporated † | 1,266 | 59,325 | |||
United Parcel Service Incorporated Class B | 8,057 | 1,528,655 | |||
XPO Logistics Incorporated | 9,801 | 378,515 | |||
2,937,475 | |||||
Airlines: 0.12% | |||||
Copa Holdings SA Class A † | 2,995 | 262,452 | |||
Delta Air Lines Incorporated † | 8,975 | 317,446 | |||
579,898 | |||||
Building products: 0.41% | |||||
A.O. Smith Corporation | 1,572 | 95,483 | |||
Builders FirstSource Incorporated † | 7,145 | 456,780 | |||
Carlisle Companies Incorporated | 619 | 162,865 | |||
Carrier Global Corporation | 3,359 | 148,871 | |||
Johnson Controls International plc | 8,122 | 539,626 | |||
Masco Corporation | 2,792 | 141,778 | |||
Owens Corning Incorporated | 2,922 | 259,590 | |||
Trane Technologies plc | 1,465 | 261,385 | |||
2,066,378 | |||||
Commercial services & supplies: 0.56% | |||||
Cintas Corporation | 1,446 | 667,734 | |||
Clean Harbors Incorporated † | 1,960 | 235,200 | |||
Republic Services Incorporated | 5,263 | 733,083 | |||
Rollins Incorporated | 3,566 | 144,209 | |||
Tetra Tech Incorporated | 876 | 135,421 | |||
Waste Management Incorporated | 5,225 | 876,337 | |||
2,791,984 |
See accompanying notes to portfolio of
investments
Allspring Factor Enhanced U.S.
Large Cap Equity Portfolio | 9
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Construction & engineering: 0.15% | |||||
AECOM Technology Corporation | 8,468 | $ 719,780 | |||
Quanta Services Incorporated | 385 | 57,704 | |||
777,484 | |||||
Electrical equipment: 0.92% | |||||
Acuity Brands Incorporated | 5,359 | 1,009,046 | |||
AMETEK Incorporated | 101 | 14,384 | |||
Eaton Corporation plc | 4,064 | 664,261 | |||
Emerson Electric Company | 6,887 | 659,568 | |||
Hubbell Incorporated | 3,505 | 890,480 | |||
nVent Electric plc | 24,373 | 975,164 | |||
Regal Rexnord Corporation | 639 | 83,779 | |||
Rockwell Automation Incorporated | 239 | 63,149 | |||
Sensata Technologies Holding plc | 1,857 | 83,751 | |||
Vertiv Holdings Company | 14,799 | 204,966 | |||
4,648,548 | |||||
Industrial conglomerates: 0.70% | |||||
3M Company | 6,624 | 834,411 | |||
General Electric Company | 14,795 | 1,271,926 | |||
Honeywell International Incorporated | 6,539 | 1,435,637 | |||
3,541,974 | |||||
Machinery: 1.48% | |||||
AGCO Corporation | 4,990 | 662,273 | |||
Allison Transmission Holdings Incorporated | 11,442 | 512,602 | |||
Caterpillar Incorporated | 5,835 | 1,379,452 | |||
Crane Holdings Company | 5,997 | 635,322 | |||
Cummins Incorporated | 2,300 | 577,668 | |||
Deere & Company | 2,506 | 1,105,146 | |||
ESAB Corporation | 9,084 | 430,037 | |||
Flowserve Corporation | 3,117 | 97,749 | |||
Illinois Tool Works Incorporated | 2,045 | 465,176 | |||
ITT Incorporated | 2,257 | 190,762 | |||
Lincoln Electric Holdings Incorporated | 1,239 | 183,223 | |||
Otis Worldwide Corporation | 971 | 75,825 | |||
PACCAR Incorporated | 7,669 | 812,224 | |||
Parker-Hannifin Corporation | 56 | 16,741 | |||
Snap-on Incorporated | 654 | 157,352 | |||
The Timken Company | 312 | 23,706 | |||
Wabtec Corporation | 995 | 100,585 | |||
7,425,843 | |||||
Professional services: 0.99% | |||||
Booz Allen Hamilton Holding Corporation | 5,364 | 570,730 | |||
CACI International Incorporated Class A † | 1,471 | 459,393 | |||
FTI Consulting Incorporated † | 4,831 | 834,893 | |||
Jacobs Solutions Incorporated | 1,286 | 162,730 | |||
KBR Incorporated | 12,533 | 647,580 | |||
Leidos Holdings Incorporated | 4,656 | 509,040 | |||
Manpower Incorporated | 1,761 | 154,123 | |||
Robert Half International Incorporated | 6,145 | 484,103 | |||
Science Applications International Corporation | 10,647 | 1,172,341 | |||
4,994,933 |
See accompanying notes to portfolio of
investments
10 | Allspring Factor
Enhanced U.S. Large Cap Equity Portfolio
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Road & rail: 0.88% | |||||
Avis Budget Group Incorporated † | 92 | $ 20,571 | |||
CSX Corporation | 4,060 | 132,721 | |||
Hertz Global Holdings † | 434 | 7,465 | |||
J.B. Hunt Transport Services Incorporated | 1,654 | 304,154 | |||
Landstar System Incorporated | 4,167 | 720,808 | |||
Old Dominion Freight Line Incorporated | 130 | 39,339 | |||
RXO Incorporated † | 9,801 | 186,219 | |||
Ryder System Incorporated | 9,524 | 890,399 | |||
Schneider National Incorporated Class B | 43,786 | 1,127,927 | |||
Union Pacific Corporation | 4,632 | 1,007,136 | |||
4,436,739 | |||||
Trading companies & distributors: 0.29% | |||||
MSC Industrial Direct Company Class A | 550 | 47,207 | |||
Univar Incorporated † | 20,612 | 682,876 | |||
W.W. Grainger Incorporated | 1,025 | 618,137 | |||
WESCO International Incorporated † | 703 | 90,631 | |||
1,438,851 | |||||
Information technology: 25.68% | |||||
Communications equipment: 1.03% | |||||
Ciena Corporation † | 5,222 | 234,781 | |||
Cisco Systems Incorporated | 49,490 | 2,460,643 | |||
CommScope Holdings Incorporated † | 114,370 | 1,015,606 | |||
F5 Networks Incorporated † | 105 | 16,234 | |||
Juniper Networks Incorporated | 26,683 | 886,943 | |||
Lumentum Holdings Incorporated † | 2,570 | 141,196 | |||
Motorola Solutions Incorporated | 1,698 | 462,196 | |||
5,217,599 | |||||
Electronic equipment, instruments & components: 0.93% | |||||
Arrow Electronics Incorporated † | 10,902 | 1,185,483 | |||
Avnet Incorporated | 26,683 | 1,205,271 | |||
CDW Corporation of Delaware | 3,566 | 672,690 | |||
Jabil Circuit Incorporated | 14,643 | 1,057,078 | |||
Keysight Technologies Incorporated † | 387 | 70,004 | |||
TD SYNNEX Corporation | 4,423 | 452,473 | |||
Vontier Corporation | 1,832 | 35,962 | |||
4,678,961 | |||||
IT services: 4.79% | |||||
Accenture plc Class A | 8,297 | 2,496,816 | |||
Akamai Technologies Incorporated † | 3,001 | 284,675 | |||
Amdocs Limited | 8,549 | 759,664 | |||
Automatic Data Processing Incorporated | 3,119 | 823,853 | |||
Broadridge Financial Solutions Incorporated | 475 | 70,827 | |||
Cognizant Technology Solutions Corporation Class A | 21,483 | 1,336,457 | |||
Concentrix Corporation | 7,635 | 934,371 | |||
DXC Technology Company † | 29,397 | 872,209 | |||
EPAM Systems Incorporated † | 835 | 307,764 | |||
Euronet Worldwide Incorporated † | 2,351 | 218,525 | |||
Fidelity National Information Services Incorporated | 4,528 | 328,642 | |||
Fiserv Incorporated † | 5,468 | 570,640 | |||
Gartner Incorporated † | 2,322 | 813,559 |
See accompanying notes to portfolio of
investments
Allspring Factor Enhanced U.S.
Large Cap Equity Portfolio | 11
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
IT services (continued) | |||||
Genpact Limited | 6,471 | $ 298,378 | |||
Global Payments Incorporated | 2,141 | 222,193 | |||
Globant SA † | 366 | 68,581 | |||
International Business Machines Corporation | 14,576 | 2,170,366 | |||
Jack Henry & Associates Incorporated | 4,273 | 809,093 | |||
Kyndryl Holdings Incorporated † | 111,789 | 1,309,049 | |||
MasterCard Incorporated Class A | 8,744 | 3,116,362 | |||
Paychex Incorporated | 3,184 | 394,912 | |||
PayPal Holdings Incorporated † | 9,414 | 738,152 | |||
SS&C Technologies Holdings Incorporated | 1,976 | 106,230 | |||
The Western Union Company | 37,889 | 555,453 | |||
Thoughtworks Holding Incorporated † | 51,102 | 466,050 | |||
Toast Incorporated Class A † | 17,918 | 328,974 | |||
VeriSign Incorporated † | 560 | 111,894 | |||
Visa Incorporated Class A | 16,535 | 3,588,095 | |||
24,101,784 | |||||
Semiconductors & semiconductor equipment: 4.16% | |||||
Advanced Micro Devices Incorporated † | 15,436 | 1,198,297 | |||
Allegro MicroSystems Incorporated † | 8,505 | 264,846 | |||
Analog Devices Incorporated | 1,076 | 184,975 | |||
Applied Materials Incorporated | 11,253 | 1,233,329 | |||
Broadcom Incorporated | 4,967 | 2,736,966 | |||
Cirrus Logic Incorporated † | 5,819 | 434,737 | |||
Entegris Incorporated | 1,757 | 135,799 | |||
First Solar Incorporated † | 121 | 20,876 | |||
GlobalFoundries Incorporated † | 2,888 | 185,843 | |||
Intel Corporation | 42,153 | 1,267,541 | |||
KLA Corporation | 2,091 | 822,077 | |||
Lam Research Corporation | 2,191 | 1,034,985 | |||
Lattice Semiconductor Corporation † | 5,996 | 436,689 | |||
Microchip Technology Incorporated | 12,069 | 955,744 | |||
Micron Technology Incorporated | 13,247 | 763,690 | |||
MKS Instruments Incorporated | 654 | 54,844 | |||
Monolithic Power Systems Incorporated | 34 | 12,987 | |||
NVIDIA Corporation | 25,448 | 4,306,565 | |||
ON Semiconductor Corporation † | 15,961 | 1,200,267 | |||
Qorvo Incorporated † | 1,166 | 115,726 | |||
Qualcomm Incorporated | 14,301 | 1,808,933 | |||
Teradyne Incorporated | 1,914 | 178,863 | |||
Texas Instruments Incorporated | 8,873 | 1,601,222 | |||
20,955,801 | |||||
Software: 9.23% | |||||
Adobe Incorporated † | 5,551 | 1,914,706 | |||
Alteryx Incorporated Class A † | 3,914 | 175,543 | |||
AppLovin Corporation † | 4,716 | 67,958 | |||
Aspen Technology Incorporated † | 3,029 | 698,185 | |||
Atlassian Corporation Class A † | 1,890 | 248,630 | |||
Autodesk Incorporated † | 2,018 | 407,535 | |||
Cadence Design Systems Incorporated † | 6,375 | 1,096,755 | |||
CCC Intelligent Solutions † | 55,412 | 509,790 | |||
Crowdstrike Holdings Incorporated Class A † | 1,183 | 139,180 | |||
Datadog Incorporated Class A † | 2,487 | 188,465 | |||
DocuSign Incorporated † | 2,374 | 111,744 | |||
Dolby Laboratories Incorporated Class A | 9,420 | 705,275 |
See accompanying notes to portfolio of
investments
12 | Allspring Factor
Enhanced U.S. Large Cap Equity Portfolio
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Software (continued) | |||||
Doubleverify Holdings Incorporated † | 294 | $ 7,703 | |||
Dropbox Incorporated Class A † | 47,328 | 1,115,048 | |||
Dynatrace Incorporated † | 2,426 | 94,008 | |||
Fair Isaac Corporation † | 1,378 | 853,974 | |||
Fortinet Incorporated † | 18,618 | 989,733 | |||
Guidewire Software Incorporated † | 3,268 | 193,825 | |||
Informatica Incorporated † | 15,910 | 273,334 | |||
Intuit Incorporated | 2,916 | 1,188,532 | |||
Jamf Holding Corporation † | 2,636 | 56,094 | |||
Manhattan Associates Incorporated † | 3,412 | 429,707 | |||
Microsoft Corporation | 91,811 | 23,424,659 | |||
NCR Corporation † | 19,683 | 469,833 | |||
New Relic Incorporated † | 15,510 | 872,748 | |||
NortonLifeLock Incorporated | 6,928 | 159,067 | |||
Nutanix Incorporated Class A † | 2,490 | 70,367 | |||
Oracle Corporation | 24,569 | 2,039,964 | |||
Palantir Technologies Incorporated Class A † | 26,622 | 199,665 | |||
Palo Alto Networks Incorporated † | 6,423 | 1,091,268 | |||
Paycor HCM Incorporated † | 237 | 6,854 | |||
Pegasystems Incorporated | 519 | 18,814 | |||
PTC Incorporated † | 1,272 | 161,811 | |||
RingCentral Incorporated Class A † | 15,247 | 565,054 | |||
Roper Technologies Incorporated | 1,095 | 480,585 | |||
Salesforce.com Incorporated † | 8,954 | 1,434,879 | |||
ServiceNow Incorporated † | 2,223 | 925,435 | |||
Smartsheet Incorporated Class A † | 11,306 | 347,546 | |||
Synopsys Incorporated † | 3,042 | 1,032,881 | |||
Teradata Corporation † | 23,206 | 792,485 | |||
The Trade Desk Incorporated † | 3,721 | 194,013 | |||
Workday Incorporated Class A † | 2,366 | 397,251 | |||
Zoom Video Communications Incorporated † | 3,304 | 249,221 | |||
Zscaler Incorporated † | 499 | 66,592 | |||
46,466,716 | |||||
Technology hardware, storage & peripherals: 5.54% | |||||
Apple Incorporated | 182,875 | 27,070,986 | |||
Hewlett Packard Enterprise Company | 6,638 | 111,386 | |||
HP Incorporated | 21,191 | 636,578 | |||
Western Digital Corporation † | 1,687 | 61,997 | |||
27,880,947 | |||||
Materials: 2.70% | |||||
Chemicals: 1.51% | |||||
Ashland Global Holdings Incorporated | 2,386 | 266,922 | |||
Celanese Corporation Series A | 887 | 95,175 | |||
CF Industries Holdings Incorporated | 9,333 | 1,009,737 | |||
Corteva Incorporated | 3,476 | 233,448 | |||
Dow Incorporated | 13,057 | 665,515 | |||
DuPont de Nemours Incorporated | 1,756 | 123,816 | |||
Eastman Chemical Company | 1,524 | 132,009 | |||
Huntsman Corporation | 11,536 | 320,470 | |||
Linde plc | 4,218 | 1,419,273 | |||
LyondellBasell Industries NV Class A | 6,942 | 590,139 | |||
Olin Corporation | 5,800 | 330,484 | |||
RPM International Incorporated | 191 | 19,791 |
See accompanying notes to portfolio of
investments
Allspring Factor Enhanced U.S.
Large Cap Equity Portfolio | 13
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Chemicals (continued) | |||||
The Chemours Company | 15,105 | $ 469,010 | |||
The Mosaic Company | 11,617 | 595,952 | |||
The Sherwin-Williams Company | 1,473 | 367,042 | |||
Valvoline Incorporated | 18,979 | 625,927 | |||
Westlake Chemical Corporation | 3,190 | 343,404 | |||
7,608,114 | |||||
Construction materials: 0.17% | |||||
Eagle Materials Incorporated | 6,193 | 844,354 | |||
Containers & packaging: 0.40% | |||||
Amcor plc | 18,057 | 223,004 | |||
Berry Global Group Incorporated | 8,404 | 492,474 | |||
Crown Holdings Incorporated | 4,120 | 338,705 | |||
Graphic Packaging Holding Company | 5,796 | 133,192 | |||
International Paper Company | 4,496 | 166,892 | |||
Packaging Corporation of America | 549 | 74,604 | |||
Sealed Air Corporation | 1,751 | 93,206 | |||
Silgan Holdings Incorporated | 5,088 | 269,155 | |||
Sonoco Products Company | 4,027 | 247,137 | |||
2,038,369 | |||||
Metals & mining: 0.62% | |||||
Alcoa Corporation | 10,244 | 513,532 | |||
Cleveland-Cliffs Incorporated † | 5,862 | 90,744 | |||
Newmont Corporation | 4,279 | 203,124 | |||
Nucor Corporation | 4,094 | 613,895 | |||
Reliance Steel & Aluminum Company | 2,834 | 598,796 | |||
Steel Dynamics Incorporated | 6,202 | 644,574 | |||
United States Steel Corporation | 17,093 | 449,375 | |||
3,114,040 | |||||
Real estate: 2.23% | |||||
Equity REITs: 2.07% | |||||
American Tower Corporation | 3,215 | 711,319 | |||
AvalonBay Communities Incorporated | 258 | 45,124 | |||
Boston Properties Incorporated | 2,206 | 159,008 | |||
Brixmor Property Group Incorporated | 14,908 | 345,567 | |||
Crown Castle International Corporation | 5,634 | 796,817 | |||
Digital Realty Trust Incorporated | 2,501 | 281,262 | |||
EPR Properties | 10,774 | 448,306 | |||
Equinix Incorporated | 773 | 533,872 | |||
Equity Residential | 1,160 | 75,238 | |||
Essex Property Trust Incorporated | 301 | 66,334 | |||
Extra Space Storage Incorporated | 1,853 | 297,759 | |||
Federal Realty Investment Trust | 763 | 84,769 | |||
Gaming and Leisure Properties Incorporated | 1,930 | 101,537 | |||
Healthpeak Properties Incorporated | 3,952 | 103,780 | |||
Host Hotels & Resorts Incorporated | 17,706 | 335,352 | |||
Invitation Homes Incorporated | 1,198 | 39,091 | |||
Iron Mountain Incorporated | 11,944 | 648,918 | |||
Lamar Advertising Company Class A | 1,207 | 120,869 | |||
Life Storage Incorporated | 1,625 | 174,671 | |||
Mid-America Apartment Communities Incorporated | 1,743 | 287,386 | |||
Omega Healthcare Investors Incorporated | 6,667 | 201,877 |
See accompanying notes to portfolio of
investments
14 | Allspring Factor
Enhanced U.S. Large Cap Equity Portfolio
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Equity REITs (continued) | |||||
Orion Office Incorporated | 551 | $ 5,119 | |||
Park Hotels & Resorts Incorporated | 44,890 | 575,939 | |||
Prologis Incorporated | 6,630 | 780,948 | |||
Public Storage Incorporated | 1,307 | 389,434 | |||
Rayonier Incorporated | 5,370 | 192,676 | |||
Regency Centers Corporation | 11,549 | 767,200 | |||
SBA Communications Corporation | 1,051 | 314,564 | |||
Simon Property Group Incorporated | 4,005 | 478,357 | |||
SL Green Realty Corporation | 768 | 32,225 | |||
Ventas Incorporated | 2,463 | 114,603 | |||
VICI Properties Incorporated | 3,305 | 113,031 | |||
Welltower Incorporated | 2,617 | 185,886 | |||
Weyerhaeuser Company | 15,924 | 520,874 | |||
WP Carey Incorporated | 971 | 76,515 | |||
10,406,227 | |||||
Real estate management & development: 0.16% | |||||
CBRE Group Incorporated Class A † | 4,015 | 319,594 | |||
Jones Lang LaSalle Incorporated † | 2,957 | 497,279 | |||
816,873 | |||||
Utilities: 2.38% | |||||
Electric utilities: 1.48% | |||||
Alliant Energy Corporation | 1,300 | 73,190 | |||
American Electric Power Company Incorporated | 4,504 | 435,987 | |||
Constellation Energy Corporation | 2,400 | 230,688 | |||
Duke Energy Corporation | 6,719 | 671,430 | |||
Edison International | 5,901 | 393,361 | |||
Entergy Corporation | 708 | 82,319 | |||
Eversource Energy | 649 | 53,776 | |||
Exelon Corporation | 17,015 | 703,911 | |||
FirstEnergy Corporation | 6,598 | 272,102 | |||
Hawaiian Electric Industries Incorporated | 2,837 | 116,544 | |||
IDACORP Incorporated | 297 | 32,827 | |||
NextEra Energy Incorporated | 13,039 | 1,104,403 | |||
NRG Energy Incorporated | 13,946 | 592,008 | |||
OGE Energy Corporation | 12,178 | 492,722 | |||
PG&E Corporation † | 44,243 | 694,615 | |||
PPL Corporation | 16,955 | 500,512 | |||
The Southern Company | 10,224 | 691,551 | |||
Xcel Energy Incorporated | 4,251 | 298,505 | |||
7,440,451 | |||||
Gas utilities: 0.02% | |||||
National Fuel Gas Company | 1,545 | 102,325 | |||
Independent power & renewable electricity producers: 0.20% | |||||
AES Corporation | 19,349 | 559,573 | |||
Vistra Energy Corporation | 18,459 | 449,107 | |||
1,008,680 | |||||
Multi-utilities: 0.61% | |||||
CenterPoint Energy Incorporated | 611 | 19,008 | |||
CMS Energy Corporation | 5,668 | 346,145 | |||
Consolidated Edison Incorporated | 5,124 | 502,357 |
See accompanying notes to portfolio of
investments
Allspring Factor Enhanced U.S.
Large Cap Equity Portfolio | 15
Portfolio of investments—November 30, 2022
(unaudited)
Shares | Value | ||||
Multi-utilities (continued) | |||||
Dominion Energy Incorporated | 7,438 | $ 454,536 | |||
DTE Energy Company | 5,769 | 669,262 | |||
NiSource Incorporated | 8,183 | 228,633 | |||
Public Service Enterprise Group Incorporated | 6,069 | 367,478 | |||
Sempra Energy | 1,730 | 287,509 | |||
WEC Energy Group Incorporated | 1,779 | 176,370 | |||
3,051,298 | |||||
Water utilities: 0.07% | |||||
American Water Works Company Incorporated | 2,473 | 375,302 | |||
Total Common stocks (Cost $392,396,905) | 474,503,610 |
Yield | |||||
Short-term investments: 5.02% | |||||
Investment companies: 5.02% | |||||
Allspring Government Money Market Fund Select Class ♠∞ | 3.60% | 25,302,255 | 25,302,255 | ||
Total Short-term investments (Cost $25,302,255) | 25,302,255 | ||||
Total investments in securities (Cost $417,699,160) | 99.27% | 499,805,865 | |||
Other assets and liabilities, net | 0.73 | 3,650,778 | |||
Total net assets | 100.00% | $503,456,643 |
† | Non-income-earning security |
♠ | The issuer of the security is an affiliated person of the Portfolio 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 |
Investments in affiliates
An affiliated investment is an investment in which
the Portfolio owns at least 5% of the outstanding voting shares of the issuer or as a result of other relationships, such as the Portfolio and the issuer having the same adviser or investment manager. Transactions
with issuers that were affiliates of the Portfolio 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 | $16,689,254 | $313,167,620 | $(304,554,619) | $0 | $0 | $25,302,255 | 25,302,255 | $223,801 |
Futures contracts
Description | Number of contracts | Expiration date | Notional cost | Notional value | Unrealized gains | Unrealized losses |
Long | ||||||
E-Mini S&P 500 Index | 135 | 12-16-2022 | $25,174,787 | $27,548,438 | $2,373,651 | $0 |
See accompanying notes to portfolio of
investments
16 | Allspring Factor
Enhanced U.S. Large Cap Equity Portfolio
Notes to portfolio of investments—November
30, 2022 (unaudited)
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 Portfolio may deviate from this calculation time under unusual or unexpected circumstances.
Equity securities 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
Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 futures
contracts, the Portfolio 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 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
Portfolio fail to make requested variation margin payments, the broker can gain access to the initial margin to satisfy the Portfolio’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 Portfolio’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 Portfolio’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 Portfolio’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.
Allspring Factor Enhanced U.S.
Large Cap Equity Portfolio | 17
Notes to portfolio of investments—November
30, 2022 (unaudited)
The following is a summary of the
inputs used in valuing the Portfolio’s assets and liabilities as of November 30, 2022:
Quoted prices (Level 1) | Other significant observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total | |
Assets | ||||
Investments in: | ||||
Common stocks | ||||
Communication services | $33,839,460 | $0 | $0 | $33,839,460 |
Consumer discretionary | 55,067,231 | 0 | 0 | 55,067,231 |
Consumer staples | 31,653,002 | 0 | 0 | 31,653,002 |
Energy | 23,540,537 | 0 | 0 | 23,540,537 |
Financials | 46,845,442 | 0 | 0 | 46,845,442 |
Health care | 73,341,984 | 0 | 0 | 73,341,984 |
Industrials | 44,108,113 | 0 | 0 | 44,108,113 |
Information technology | 129,301,808 | 0 | 0 | 129,301,808 |
Materials | 13,604,877 | 0 | 0 | 13,604,877 |
Real estate | 11,223,100 | 0 | 0 | 11,223,100 |
Utilities | 11,978,056 | 0 | 0 | 11,978,056 |
Short-term investments | ||||
Investment companies | 25,302,255 | 0 | 0 | 25,302,255 |
499,805,865 | 0 | 0 | 499,805,865 | |
Futures contracts | 2,373,651 | 0 | 0 | 2,373,651 |
Total assets | $502,179,516 | $0 | $0 | $502,179,516 |
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 November 30, 2022, $402,830
was segregated as cash collateral for open futures contracts.
For the nine months ended November
30, 2022, the Portfolio did not have any transfers into/out of Level 3.
18 | Allspring Factor
Enhanced U.S. Large Cap Equity Portfolio