Portfolio of investments—August 31, 2023 (unaudited)
Portfolio of investments
Interest rate | Maturity date | Principal | Value | |||
Agency securities: 41.52% | ||||||
FHLB | 1.00 % | 9-30-2031 | $ | 8,020,000 | $6,565,824 | |
FHLMC¤ | 0.00 | 12-14-2029 | 6,390,000 | 4,843,801 | ||
FHLMC | 2.00 | 6-1-2040 | 9,090,384 | 7,671,735 | ||
FHLMC | 2.00 | 7-1-2040 | 9,352,936 | 7,893,298 | ||
FHLMC | 2.00 | 8-1-2040 | 9,667,941 | 8,159,092 | ||
FHLMC | 2.00 | 11-1-2040 | 12,835,822 | 10,778,890 | ||
FHLMC | 2.00 | 12-1-2040 | 3,194,098 | 2,687,329 | ||
FHLMC | 2.00 | 1-1-2041 | 2,451,508 | 2,056,744 | ||
FHLMC | 2.00 | 2-1-2041 | 2,514,755 | 2,122,272 | ||
FHLMC | 2.00 | 4-1-2041 | 2,772,096 | 2,318,852 | ||
FHLMC | 2.00 | 7-1-2041 | 4,219,828 | 3,533,726 | ||
FHLMC | 2.00 | 11-1-2041 | 4,880,770 | 4,054,849 | ||
FHLMC | 2.00 | 1-1-2042 | 3,215,083 | 2,670,730 | ||
FHLMC | 2.00 | 2-1-2042 | 17,824,760 | 14,802,767 | ||
FHLMC | 2.00 | 2-1-2047 | 2,120,686 | 1,705,196 | ||
FHLMC | 2.00 | 12-1-2051 | 1,405,144 | 1,129,862 | ||
FHLMC | 2.50 | 4-1-2042 | 1,570,918 | 1,341,961 | ||
FHLMC | 2.50 | 5-1-2042 | 6,159,893 | 5,221,183 | ||
FHLMC | 2.50 | 6-1-2042 | 2,183,331 | 1,858,451 | ||
FHLMC | 2.50 | 8-1-2043 | 5,736,842 | 4,840,240 | ||
FHLMC | 2.50 | 6-1-2046 | 6,773,388 | 5,714,803 | ||
FHLMC | 2.50 | 9-1-2051 | 10,524,398 | 8,835,213 | ||
FHLMC | 2.50 | 2-1-2052 | 1,142,789 | 955,683 | ||
FHLMC | 2.50 | 3-1-2052 | 3,695,868 | 3,080,089 | ||
FHLMC | 3.00 | 4-1-2040 | 2,777,336 | 2,483,211 | ||
FHLMC | 3.00 | 4-1-2043 | 3,280,267 | 2,903,818 | ||
FHLMC | 3.00 | 8-1-2043 | 4,981,134 | 4,409,490 | ||
FHLMC | 3.00 | 4-1-2045 | 11,998,623 | 10,619,690 | ||
FHLMC | 3.00 | 9-1-2046 | 5,109,262 | 4,484,188 | ||
FHLMC | 3.00 | 2-1-2047 | 3,771,393 | 3,308,285 | ||
FHLMC | 3.00 | 1-1-2047 | 4,103,477 | 3,600,180 | ||
FHLMC | 4.00 | 4-1-2037 | 1,060,776 | 1,012,073 | ||
FHLMC | 4.00 | 7-1-2049 | 7,355,079 | 6,959,294 | ||
FHLMC | 4.50 | 6-1-2039 | 183,748 | 179,066 | ||
FHLMC | 4.50 | 7-1-2039 | 220,364 | 214,806 | ||
FHLMC Multifamily Structured Pass-Through Certificates Series KG08 Class A2 | 4.13 | 5-25-2033 | 5,597,000 | 5,286,499 | ||
FHLMC STRIPS Series 264 Class 30 | 3.00 | 7-15-2042 | 5,170,232 | 4,636,581 | ||
FHLMC STRIPS Series 271 Class F5 (30 Day Average U.S. SOFR+0.61%)± | 5.80 | 8-15-2042 | 1,589,161 | 1,536,583 | ||
FHLMC STRIPS Series 272 Class F1 (30 Day Average U.S. SOFR+0.61%)± | 5.80 | 8-15-2042 | 2,463,306 | 2,382,478 | ||
FHLMC STRIPS Series 280 Class F1 (30 Day Average U.S. SOFR+0.61%)± | 5.80 | 9-15-2042 | 2,505,398 | 2,422,380 | ||
FHLMC (12 Month LIBOR+1.61%)± | 3.15 | 10-1-2043 | 435,002 | 441,162 | ||
FHLMC (12 Month LIBOR+1.61%)± | 4.19 | 9-1-2043 | 221,549 | 224,608 | ||
FHLMC (12 Month LIBOR+1.63%)± | 5.31 | 11-1-2043 | 351,224 | 353,521 | ||
FHLMC (12 Month LIBOR+1.64%)± | 2.87 | 5-1-2049 | 1,696,854 | 1,656,546 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 1
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Agency securities (continued) | ||||||
FHLMC (12 Month LIBOR+1.64%)± | 3.14 % | 11-1-2048 | $ | 2,625,787 | $2,535,947 | |
FHLMC (12 Month LIBOR+1.64%)± | 4.66 | 3-1-2049 | 2,087,699 | 2,081,076 | ||
FHLMC (12 Month LIBOR+1.64%)± | 5.25 | 4-1-2048 | 5,189,554 | 5,191,967 | ||
FHLMC (12 Month LIBOR+1.64%)± | 5.50 | 10-1-2043 | 468,481 | 473,952 | ||
FHLMC (12 Month LIBOR+1.64%)± | 6.82 | 8-1-2043 | 386,769 | 385,884 | ||
FHLMC (12 Month LIBOR+1.64%)± | 6.84 | 9-1-2045 | 3,661,356 | 3,675,313 | ||
FHLMC (12 Month LIBOR+1.64%)± | 6.88 | 7-1-2043 | 218,491 | 218,687 | ||
FHLMC (12 Month LIBOR+1.65%)± | 7.04 | 3-1-2043 | 352,856 | 353,182 | ||
FHLMC (12 Month LIBOR+1.68%)± | 6.34 | 2-1-2043 | 583,194 | 588,923 | ||
FHLMC (12 Month LIBOR+1.69%)± | 5.39 | 9-1-2047 | 4,451,726 | 4,458,987 | ||
FHLMC (12 Month LIBOR+1.72%)± | 5.82 | 1-1-2044 | 832,952 | 835,274 | ||
FHLMC (12 Month LIBOR+1.77%)± | 5.62 | 9-1-2042 | 406,311 | 413,729 | ||
FHLMC (30 Day Average U.S. SOFR+2.13%)± | 3.91 | 7-1-2052 | 2,191,781 | 2,074,549 | ||
FHLMC (30 Day Average U.S. SOFR+2.13%)± | 4.30 | 7-1-2052 | 2,584,680 | 2,476,806 | ||
FHLMC (30 Day Average U.S. SOFR+2.14%)± | 3.99 | 8-1-2052 | 3,059,681 | 2,851,575 | ||
FHLMC (30 Day Average U.S. SOFR+2.19%)± | 4.12 | 10-1-2052 | 19,179,651 | 17,927,177 | ||
FHLMC (30 Day Average U.S. SOFR+2.22%)± | 5.12 | 8-1-2053 | 1,819,122 | 1,789,993 | ||
FHLMC (30 Day Average U.S. SOFR+2.29%)± | 5.24 | 6-1-2053 | 1,975,588 | 1,948,927 | ||
FHLMC (30 Day Average U.S. SOFR+2.30%)± | 4.19 | 5-1-2053 | 8,829,921 | 8,495,743 | ||
FHLMC (30 Day Average U.S. SOFR+2.38%)± | 4.12 | 9-1-2052 | 1,659,031 | 1,579,934 | ||
FHLMC Series 1897 Class K | 7.00 | 9-15-2026 | 82 | 82 | ||
FHLMC Series 2015-8 Class AP | 2.00 | 3-25-2045 | 4,632,607 | 3,978,807 | ||
FHLMC Series 2017-78 Class FC (30 Day Average U.S. SOFR+0.46%)± | 5.75 | 10-25-2047 | 2,762,865 | 2,646,984 | ||
FHLMC Series 4047 Class CX | 3.50 | 5-15-2042 | 4,821,431 | 4,323,797 | ||
FHLMC Series 4091 Class EX | 3.38 | 7-15-2042 | 1,755,307 | 1,606,407 | ||
FHLMC Series 4117 Class HB | 2.50 | 10-15-2042 | 1,660,000 | 1,408,223 | ||
FHLMC Series 4122 Class FP (30 Day Average U.S. SOFR+0.51%)± | 5.70 | 10-15-2042 | 3,399,880 | 3,279,658 | ||
FHLMC Series 4205 Class PA | 1.75 | 5-15-2043 | 1,641,829 | 1,371,762 | ||
FHLMC Series 4240 Class FA (30 Day Average U.S. SOFR+0.61%)± | 5.80 | 8-15-2043 | 4,619,146 | 4,458,830 | ||
FHLMC Series 4248 Class FT (30 Day Average U.S. SOFR+0.61%)± | 5.80 | 9-15-2043 | 1,725,044 | 1,673,552 | ||
FHLMC Series 4286 Class VF (30 Day Average U.S. SOFR+0.56%)± | 5.75 | 12-15-2043 | 3,614,510 | 3,497,476 | ||
FHLMC Series 4446 Class CP | 2.25 | 3-15-2045 | 2,176,395 | 1,876,814 | ||
FHLMC Series 4582 Class HA | 3.00 | 9-15-2045 | 8,584,534 | 7,835,572 | ||
FHLMC Series 4614 Class FG (30 Day Average U.S. SOFR+0.61%)± | 5.80 | 9-15-2046 | 2,100,090 | 2,018,759 | ||
FHLMC Series 4631 Class FA (30 Day Average U.S. SOFR+0.61%)± | 5.80 | 11-15-2046 | 3,296,942 | 3,171,234 | ||
FHLMC Series 4719 Class LM | 3.00 | 9-15-2047 | 1,855,229 | 1,643,898 | ||
FHLMC Series 4719 Class LA | 3.50 | 9-15-2047 | 2,417,603 | 2,215,804 | ||
FHLMC Series 4742 Class PA | 3.00 | 10-15-2047 | 3,820,213 | 3,405,214 | ||
FHLMC Series 4793 Class FD (30 Day Average U.S. SOFR+0.41%)± | 5.60 | 6-15-2048 | 680,260 | 646,052 | ||
FHLMC Series 4826 Class KF (30 Day Average U.S. SOFR+0.41%)± | 5.60 | 9-15-2048 | 1,421,900 | 1,359,133 | ||
FHLMC Series 4857 Class JA | 3.35 | 1-15-2049 | 7,843,048 | 7,321,831 | ||
FHLMC Series 4880 Class DA | 3.00 | 5-15-2050 | 3,147,916 | 2,815,399 | ||
FHLMC Series 4903 Class NF (30 Day Average U.S. SOFR+0.51%)± | 5.80 | 8-25-2049 | 1,508,352 | 1,452,716 |
See accompanying notes to portfolio of investments
2 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Agency securities (continued) | ||||||
FHLMC Series 4927 Class BG | 3.00 % | 11-25-2049 | $ | 3,302,655 | $2,933,888 | |
FHLMC Series 4937 Class MD | 2.50 | 10-25-2049 | 3,361,008 | 2,913,311 | ||
FHLMC Series 4941 Class GA | 2.00 | 12-15-2047 | 1,895,640 | 1,563,861 | ||
FHLMC Series 4979 Class UC | 1.50 | 6-25-2050 | 6,113,890 | 4,716,255 | ||
FHLMC Series 4993 Class KF (30 Day Average U.S. SOFR+0.56%)± | 5.85 | 7-25-2050 | 12,804,828 | 12,172,340 | ||
FHLMC Series 5004 Class FM (30 Day Average U.S. SOFR+0.46%)± | 5.75 | 8-25-2050 | 2,709,319 | 2,555,533 | ||
FHLMC Series 5091 Class AB | 1.50 | 3-25-2051 | 5,946,354 | 4,691,445 | ||
FHLMC Series 5116 Class PB | 2.25 | 2-25-2051 | 3,460,023 | 2,891,359 | ||
FHLMC Series 5118 Class CA | 1.50 | 10-15-2033 | 2,796,228 | 2,392,989 | ||
FHLMC Series 5119 Class AB | 1.50 | 8-25-2049 | 3,298,192 | 2,589,347 | ||
FHLMC Series 5119 Class QF (30 Day Average U.S. SOFR+0.20%)± | 5.49 | 6-25-2051 | 3,853,590 | 3,591,609 | ||
FHLMC Series 5143 Class GA | 2.00 | 6-25-2049 | 1,925,066 | 1,537,915 | ||
FHLMC Series 5178 Class TP | 2.50 | 4-25-2049 | 4,504,942 | 3,865,862 | ||
FHLMC Series 5182 Class D | 2.50 | 11-25-2043 | 14,233,891 | 12,689,175 | ||
FHLMC Series 5182 Class M | 2.50 | 5-25-2049 | 2,772,540 | 2,387,425 | ||
FHLMC Series 5184 Class AB | 2.50 | 5-25-2048 | 2,107,251 | 1,826,317 | ||
FHLMC Series 5201 Class CA | 2.50 | 7-25-2048 | 3,983,115 | 3,491,507 | ||
FHLMC Series 5202 Class BH | 2.00 | 12-25-2047 | 2,319,950 | 2,055,966 | ||
FHLMC Series 5202 Class LA | 2.50 | 5-25-2049 | 4,070,664 | 3,514,585 | ||
FHLMC Series 5203 Class G | 2.50 | 11-25-2048 | 1,803,403 | 1,548,785 | ||
FHLMC Series 5207 Class PA | 3.00 | 6-25-2051 | 4,391,082 | 3,827,341 | ||
FHLMC Series 5217 Class CD | 2.50 | 7-25-2049 | 3,358,436 | 3,018,083 | ||
FHLMC Series 5220 Class QK | 3.50 | 9-25-2050 | 6,634,066 | 6,174,973 | ||
FHLMC Series 5300 Class C | 2.00 | 9-25-2047 | 5,363,680 | 4,853,755 | ||
FHLMC Series 5335 Class FB (30 Day Average U.S. SOFR+0.81%)± | 6.00 | 10-15-2039 | 5,777,254 | 5,779,408 | ||
FNMA | 1.50 | 10-1-2041 | 13,808,589 | 11,076,035 | ||
FNMA | 1.50 | 11-1-2041 | 38,754,572 | 31,085,579 | ||
FNMA | 1.50 | 7-1-2051 | 16,738,546 | 12,636,143 | ||
FNMA | 1.52 | 8-21-2035 | 8,018,000 | 5,572,943 | ||
FNMA | 1.90 | 1-25-2036 | 7,437,000 | 5,339,454 | ||
FNMA | 2.00 | 6-1-2040 | 3,057,891 | 2,581,254 | ||
FNMA | 2.00 | 7-1-2040 | 9,235,381 | 7,741,653 | ||
FNMA | 2.00 | 9-1-2040 | 10,316,400 | 8,708,348 | ||
FNMA | 2.00 | 10-1-2040 | 11,346,055 | 9,504,586 | ||
FNMA | 2.00 | 11-1-2040 | 9,996,724 | 8,434,888 | ||
FNMA | 2.00 | 12-1-2040 | 56,541,479 | 47,612,665 | ||
FNMA | 2.00 | 1-1-2041 | 19,416,497 | 16,303,510 | ||
FNMA | 2.00 | 2-1-2041 | 10,890,065 | 9,161,798 | ||
FNMA | 2.00 | 4-1-2041 | 1,780,784 | 1,503,186 | ||
FNMA | 2.00 | 5-1-2041 | 20,630,822 | 17,347,906 | ||
FNMA | 2.00 | 6-1-2041 | 1,241,281 | 1,040,941 | ||
FNMA | 2.00 | 7-1-2041 | 19,514,557 | 16,342,356 | ||
FNMA | 2.00 | 8-1-2041 | 1,409,260 | 1,178,597 | ||
FNMA | 2.00 | 10-1-2041 | 7,178,946 | 6,019,521 | ||
FNMA | 2.00 | 11-1-2041 | 3,560,756 | 2,948,409 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 3
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Agency securities (continued) | ||||||
FNMA | 2.00 % | 1-1-2042 | $ | 4,779,981 | $3,950,698 | |
FNMA | 2.00 | 2-1-2042 | 44,995,865 | 37,456,157 | ||
FNMA | 2.00 | 4-1-2042 | 3,705,595 | 3,082,948 | ||
FNMA | 2.00 | 4-1-2046 | 10,764,039 | 8,693,371 | ||
FNMA | 2.00 | 1-1-2047 | 1,971,562 | 1,587,814 | ||
FNMA | 2.00 | 3-1-2047 | 14,257,815 | 11,480,268 | ||
FNMA | 2.50 | 12-1-2040 | 6,520,498 | 5,656,051 | ||
FNMA | 2.50 | 5-1-2041 | 6,905,565 | 5,968,969 | ||
FNMA | 2.50 | 8-1-2041 | 3,834,238 | 3,267,913 | ||
FNMA | 2.50 | 2-1-2042 | 4,004,861 | 3,473,366 | ||
FNMA | 2.50 | 4-1-2042 | 8,296,034 | 7,093,473 | ||
FNMA | 2.50 | 5-1-2042 | 5,068,717 | 4,334,305 | ||
FNMA | 2.50 | 6-1-2042 | 4,713,687 | 4,027,051 | ||
FNMA | 2.50 | 5-1-2046 | 1,955,559 | 1,647,219 | ||
FNMA | 2.50 | 12-1-2047 | 9,474,588 | 8,204,867 | ||
FNMA | 2.50 | 10-1-2050 | 6,164,522 | 5,186,873 | ||
FNMA | 2.50 | 3-1-2052 | 4,437,067 | 3,705,278 | ||
FNMA | 3.00 | 11-1-2039 | 2,392,694 | 2,216,977 | ||
FNMA | 3.00 | 5-1-2040 | 6,426,904 | 5,729,660 | ||
FNMA | 3.00 | 11-1-2042 | 3,463,810 | 3,066,932 | ||
FNMA | 3.00 | 1-1-2043 | 4,150,587 | 3,673,665 | ||
FNMA | 3.00 | 2-1-2043 | 16,991,603 | 14,982,050 | ||
FNMA | 3.00 | 7-1-2043 | 2,723,954 | 2,410,523 | ||
FNMA | 3.00 | 8-1-2043 | 3,734,459 | 3,303,845 | ||
FNMA | 3.00 | 9-1-2043 | 2,929,582 | 2,593,864 | ||
FNMA | 3.00 | 12-1-2043 | 3,518,867 | 3,113,945 | ||
FNMA | 3.00 | 2-1-2044 | 3,627,559 | 3,210,920 | ||
FNMA | 3.00 | 10-1-2044 | 18,279,033 | 16,022,840 | ||
FNMA | 3.00 | 2-1-2045 | 5,805,771 | 5,133,608 | ||
FNMA | 3.00 | 10-1-2046 | 10,526,967 | 9,272,111 | ||
FNMA | 3.00 | 11-1-2046 | 10,624,720 | 9,330,925 | ||
FNMA | 3.00 | 12-1-2046 | 14,667,884 | 12,903,190 | ||
FNMA | 3.00 | 1-1-2047 | 10,451,923 | 9,160,942 | ||
FNMA | 3.00 | 2-1-2047 | 14,834,026 | 13,067,197 | ||
FNMA | 3.00 | 2-1-2048 | 2,539,773 | 2,226,518 | ||
FNMA | 3.00 | 4-1-2048 | 11,599,331 | 10,267,282 | ||
FNMA | 3.00 | 8-1-2048 | 3,098,299 | 2,742,400 | ||
FNMA | 3.00 | 1-1-2049 | 5,656,866 | 5,007,550 | ||
FNMA | 3.00 | 2-1-2049 | 6,255,009 | 5,482,482 | ||
FNMA | 3.00 | 10-1-2049 | 44,257,618 | 39,175,547 | ||
FNMA | 3.00 | 2-1-2050 | 41,866,913 | 36,815,361 | ||
FNMA | 3.00 | 5-1-2050 | 14,201,450 | 12,506,104 | ||
FNMA | 3.00 | 7-1-2052 | 2,843,462 | 2,507,997 | ||
FNMA | 3.00 | 2-1-2055 | 1,995,230 | 1,744,235 | ||
FNMA | 3.00 | 7-1-2060 | 25,110,846 | 21,389,528 | ||
FNMA | 3.00 | 3-1-2047 | 2,108,668 | 1,847,491 | ||
FNMA | 3.50 | 6-1-2041 | 2,991,468 | 2,795,813 | ||
FNMA | 3.50 | 3-1-2042 | 2,229,786 | 2,053,607 |
See accompanying notes to portfolio of investments
4 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Agency securities (continued) | ||||||
FNMA | 3.50 % | 4-1-2042 | $ | 4,744,939 | $4,370,021 | |
FNMA | 3.50 | 5-1-2042 | 1,344,489 | 1,255,382 | ||
FNMA | 3.50 | 6-1-2042 | 2,452,603 | 2,284,017 | ||
FNMA | 3.50 | 11-1-2042 | 1,914,862 | 1,763,538 | ||
FNMA | 3.50 | 12-1-2043 | 9,063,100 | 8,286,987 | ||
FNMA | 3.50 | 1-1-2044 | 1,338,064 | 1,249,306 | ||
FNMA | 3.50 | 2-1-2046 | 4,929,294 | 4,500,940 | ||
FNMA | 3.50 | 7-1-2047 | 23,314,117 | 21,470,535 | ||
FNMA | 3.50 | 7-1-2048 | 1,597,681 | 1,446,088 | ||
FNMA | 3.50 | 4-1-2050 | 5,092,683 | 4,691,045 | ||
FNMA%% | 3.50 | 9-14-2053 | 13,100,000 | 11,708,637 | ||
FNMA | 4.00 | 1-1-2027 | 7,750,710 | 7,598,269 | ||
FNMA | 4.00 | 9-1-2033 | 1,299,419 | 1,256,935 | ||
FNMA | 4.00 | 3-1-2035 | 18,866,703 | 18,494,174 | ||
FNMA | 4.00 | 10-1-2037 | 930,295 | 893,492 | ||
FNMA | 4.00 | 6-1-2038 | 1,753,633 | 1,684,387 | ||
FNMA | 4.00 | 9-1-2045 | 571,513 | 542,313 | ||
FNMA | 4.00 | 1-1-2046 | 4,091,822 | 3,883,510 | ||
FNMA | 4.00 | 4-1-2047 | 1,052,272 | 992,498 | ||
FNMA | 4.00 | 10-1-2047 | 825,994 | 781,960 | ||
FNMA | 4.00 | 7-1-2048 | 12,871,277 | 12,136,297 | ||
FNMA | 4.00 | 12-1-2048 | 2,051,291 | 1,944,239 | ||
FNMA | 4.00 | 5-1-2049 | 2,103,262 | 1,988,082 | ||
FNMA | 4.50 | 6-1-2041 | 171,728 | 167,293 | ||
FNMA | 4.50 | 3-1-2043 | 2,178,593 | 2,122,348 | ||
FNMA | 4.50 | 10-1-2045 | 3,442,327 | 3,332,154 | ||
FNMA | 4.50 | 2-1-2046 | 89,712 | 86,840 | ||
FNMA | 4.50 | 7-1-2048 | 3,369,192 | 3,259,440 | ||
FNMA | 4.50 | 11-1-2048 | 1,462,074 | 1,419,162 | ||
FNMA | 5.50 | 9-1-2052 | 4,237,085 | 4,285,602 | ||
FNMA%% | 5.50 | 9-1-2053 | 7,400,000 | 7,306,344 | ||
FNMA | 6.00 | 2-1-2029 | 1,046 | 1,049 | ||
FNMA | 6.00 | 3-1-2033 | 14,410 | 14,744 | ||
FNMA | 6.00 | 11-1-2033 | 5,013 | 5,139 | ||
FNMA | 6.00 | 7-1-2053 | 343,091 | 343,972 | ||
FNMA%% | 6.00 | 9-14-2053 | 138,200,000 | 138,561,694 | ||
FNMA%% | 6.00 | 10-12-2053 | 78,500,000 | 78,668,652 | ||
FNMA | 6.50 | 11-1-2052 | 1,727,285 | 1,811,934 | ||
FNMA | 6.50 | 12-1-2052 | 1,287,310 | 1,350,883 | ||
FNMA | 6.50 | 2-1-2053 | 945,812 | 992,521 | ||
FNMA | 7.00 | 2-1-2053 | 3,538,783 | 3,645,107 | ||
FNMA Interest STRIPS Series 414 Class A35 | 3.50 | 10-25-2042 | 4,664,039 | 4,295,157 | ||
FNMA Principal STRIPS¤ | 0.00 | 11-15-2030 | 18,777,000 | 13,578,977 | ||
FNMA (12 Month LIBOR+1.56%)± | 6.74 | 6-1-2043 | 249,741 | 250,184 | ||
FNMA (12 Month LIBOR+1.56%)± | 6.95 | 3-1-2043 | 56,094 | 55,649 | ||
FNMA (12 Month LIBOR+1.58%)± | 4.03 | 10-1-2043 | 1,011,503 | 1,025,740 | ||
FNMA (12 Month LIBOR+1.58%)± | 4.37 | 6-1-2045 | 1,441,612 | 1,449,056 | ||
FNMA (12 Month LIBOR+1.58%)± | 4.67 | 1-1-2046 | 3,600,913 | 3,616,584 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 5
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Agency securities (continued) | ||||||
FNMA (12 Month LIBOR+1.60%)± | 3.04 % | 3-1-2050 | $ | 5,180,109 | $5,043,785 | |
FNMA (12 Month LIBOR+1.65%)± | 6.06 | 1-1-2043 | 243,909 | 246,201 | ||
FNMA (30 Day Average U.S. SOFR+2.12%)± | 3.97 | 8-1-2052 | 2,154,916 | 2,014,368 | ||
FNMA (30 Day Average U.S. SOFR+2.12%)± | 4.14 | 9-1-2052 | 4,329,827 | 4,171,416 | ||
FNMA (30 Day Average U.S. SOFR+2.12%)± | 4.17 | 7-1-2052 | 5,122,038 | 4,822,414 | ||
FNMA (30 Day Average U.S. SOFR+2.12%)± | 4.36 | 7-1-2052 | 5,570,705 | 5,360,755 | ||
FNMA (30 Day Average U.S. SOFR+2.12%)± | 4.63 | 8-1-2052 | 5,105,067 | 4,884,075 | ||
FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.15 | 10-1-2052 | 11,060,917 | 10,656,934 | ||
FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.25 | 11-1-2052 | 3,725,201 | 3,602,556 | ||
FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.30 | 8-1-2052 | 6,040,399 | 5,806,411 | ||
FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.63 | 8-1-2052 | 6,417,664 | 6,220,606 | ||
FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.65 | 8-1-2052 | 4,944,430 | 4,796,105 | ||
FNMA (30 Day Average U.S. SOFR+2.37%)± | 3.68 | 8-1-2052 | 3,194,351 | 3,011,659 | ||
FNMA (30 Day Average U.S. SOFR+2.37%)± | 4.22 | 9-1-2052 | 1,666,300 | 1,597,026 | ||
FNMA Series 2012-111 Class FC (30 Day Average U.S. SOFR+0.51%)± | 5.80 | 10-25-2042 | 2,158,742 | 2,103,296 | ||
FNMA Series 2012-133 Class JF (30 Day Average U.S. SOFR+0.46%)± | 5.75 | 12-25-2042 | 2,099,686 | 2,020,169 | ||
FNMA Series 2012-151 Class NX | 1.50 | 1-25-2043 | 1,907,554 | 1,582,040 | ||
FNMA Series 2013-11 Class AP | 1.50 | 1-25-2043 | 5,975,584 | 5,228,146 | ||
FNMA Series 2013-15 Class FA (30 Day Average U.S. SOFR+0.46%)± | 5.75 | 3-25-2043 | 2,529,569 | 2,432,528 | ||
FNMA Series 2013-43 Class BP | 1.75 | 5-25-2043 | 2,247,299 | 1,883,157 | ||
FNMA Series 2014-25 Class EL | 3.00 | 5-25-2044 | 2,334,809 | 2,065,745 | ||
FNMA Series 2014-74 Class PC | 2.50 | 6-25-2044 | 2,086,345 | 1,900,669 | ||
FNMA Series 2015-20 Class EF (30 Day Average U.S. SOFR+0.46%)± | 5.75 | 4-25-2045 | 5,934,247 | 5,685,516 | ||
FNMA Series 2015-26 Class GF (30 Day Average U.S. SOFR+0.41%)± | 5.70 | 5-25-2045 | 3,668,690 | 3,524,280 | ||
FNMA Series 2015-32 Class FA (30 Day Average U.S. SOFR+0.41%)± | 5.70 | 5-25-2045 | 2,225,334 | 2,125,354 | ||
FNMA Series 2015-48 Class FB (30 Day Average U.S. SOFR+0.41%)± | 5.70 | 7-25-2045 | 2,738,114 | 2,617,956 | ||
FNMA Series 2015-84 Class PA | 1.70 | 8-25-2033 | 6,886,120 | 6,196,234 | ||
FNMA Series 2016-48 Class MA | 2.00 | 6-25-2038 | 6,906,264 | 6,172,124 | ||
FNMA Series 2016-57 Class PC | 1.75 | 6-25-2046 | 14,324,404 | 11,745,248 | ||
FNMA Series 2017-13 Class PA | 3.00 | 8-25-2046 | 2,021,395 | 1,824,664 | ||
FNMA Series 2018-14 Class KC | 3.00 | 3-25-2048 | 2,436,927 | 2,250,802 | ||
FNMA Series 2018-38 Class MA | 3.30 | 6-25-2048 | 3,859,049 | 3,584,674 | ||
FNMA Series 2018-8 Class KL | 2.50 | 3-25-2047 | 2,497,252 | 2,141,827 | ||
FNMA Series 2018-85 Class EA | 3.50 | 12-25-2048 | 1,972,070 | 1,839,503 | ||
FNMA Series 2019-15 Class FA (30 Day Average U.S. SOFR+0.61%)± | 5.90 | 4-25-2049 | 1,387,288 | 1,336,428 | ||
FNMA Series 2019-25 Class PA | 3.00 | 5-25-2048 | 5,198,727 | 4,682,713 | ||
FNMA Series 2019-43 Class FC (30 Day Average U.S. SOFR+0.51%)± | 5.80 | 8-25-2049 | 2,790,606 | 2,682,437 | ||
FNMA Series 2019-67 Class FB (30 Day Average U.S. SOFR+0.56%)± | 5.85 | 11-25-2049 | 1,377,865 | 1,324,214 |
See accompanying notes to portfolio of investments
6 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Agency securities (continued) | ||||||
FNMA Series 2020-34 Class F (30 Day Average U.S. SOFR+0.56%)± | 5.85 % | 6-25-2050 | $ | 1,934,007 | $1,847,939 | |
FNMA Series 2020-45 Class JL | 3.00 | 7-25-2040 | 4,115,458 | 3,655,715 | ||
FNMA Series 2020-48 Class AB | 2.00 | 7-25-2050 | 3,323,686 | 2,693,379 | ||
FNMA Series 2020-48 Class DA | 2.00 | 7-25-2050 | 7,397,928 | 6,041,156 | ||
FNMA Series 2020-59 Class NC | 3.00 | 8-25-2040 | 3,147,397 | 2,819,961 | ||
FNMA Series 2021-27 Class EC | 1.50 | 5-25-2051 | 9,652,102 | 7,525,113 | ||
FNMA Series 2021-42 Class AC | 2.00 | 2-25-2051 | 2,804,533 | 2,333,453 | ||
FNMA Series 2021-73 Class A | 2.50 | 11-25-2049 | 4,186,234 | 3,569,808 | ||
FNMA Series 2021-78 Class ND | 1.50 | 11-25-2051 | 5,427,272 | 4,357,955 | ||
FNMA Series 2021-78 Class PA | 2.50 | 11-25-2051 | 3,527,905 | 3,016,932 | ||
FNMA Series 2021-86 Class MA | 2.50 | 11-25-2047 | 6,086,217 | 5,321,853 | ||
FNMA Series 2021-91 Class AB | 2.50 | 9-25-2049 | 3,515,598 | 2,999,218 | ||
FNMA Series 2022-11 Class A | 2.50 | 7-25-2047 | 8,975,009 | 7,934,664 | ||
FNMA Series 2022-28 Class CA | 2.00 | 1-25-2048 | 3,285,665 | 2,893,394 | ||
FNMA Series 2022-3 Class N | 2.00 | 10-25-2047 | 10,916,099 | 9,244,911 | ||
FNMA Series 2023-37 Class FH (30 Day Average U.S. SOFR+0.51%)± | 5.80 | 1-25-2050 | 6,038,730 | 5,819,883 | ||
FNMA Series 2023-38 Class FC (30 Day Average U.S. SOFR+0.66%)± | 5.95 | 6-25-2040 | 3,917,751 | 3,872,693 | ||
GNMA | 3.00 | 6-20-2043 | 4,159,115 | 3,684,964 | ||
GNMA | 3.00 | 8-20-2043 | 1,318,983 | 1,168,611 | ||
GNMA | 3.00 | 10-20-2046 | 603,075 | 534,278 | ||
GNMA | 3.00 | 12-20-2046 | 2,083,007 | 1,846,118 | ||
GNMA | 3.00 | 1-20-2047 | 2,408,627 | 2,133,858 | ||
GNMA | 3.00 | 3-20-2047 | 2,303,683 | 2,040,885 | ||
GNMA | 3.00 | 4-20-2047 | 3,211,674 | 2,845,299 | ||
GNMA | 3.00 | 5-20-2047 | 570,327 | 505,263 | ||
GNMA | 3.00 | 7-20-2047 | 2,342,863 | 2,075,858 | ||
GNMA | 3.00 | 9-20-2047 | 1,782,867 | 1,573,395 | ||
GNMA | 3.00 | 11-15-2047 | 10,768,893 | 9,703,318 | ||
GNMA | 3.00 | 11-20-2047 | 828,883 | 734,405 | ||
GNMA | 3.00 | 12-20-2047 | 234,628 | 205,762 | ||
GNMA | 3.00 | 1-20-2048 | 1,392,571 | 1,230,101 | ||
GNMA | 3.00 | 2-20-2048 | 1,052,163 | 930,489 | ||
GNMA | 3.00 | 3-20-2048 | 359,893 | 318,835 | ||
GNMA | 3.00 | 10-20-2050 | 9,296,203 | 8,196,256 | ||
GNMA | 3.50 | 1-20-2048 | 2,300,441 | 2,116,918 | ||
GNMA | 4.00 | 3-20-2048 | 626,519 | 586,289 | ||
GNMA | 4.00 | 4-20-2048 | 2,194,099 | 2,054,059 | ||
GNMA | 4.50 | 8-15-2047 | 398,379 | 389,372 | ||
GNMA | 4.50 | 6-20-2048 | 2,402,376 | 2,320,198 | ||
GNMA | 4.50 | 2-20-2049 | 2,804,478 | 2,638,415 | ||
GNMA | 6.00 | 1-20-2053 | 4,842,311 | 4,906,249 | ||
GNMA%% | 6.00 | 9-21-2053 | 96,200,000 | 96,511,898 | ||
GNMA%% | 6.00 | 10-23-2053 | 32,900,000 | 32,975,824 | ||
GNMA Series 2012-141 Class WA±± | 4.52 | 11-16-2041 | 784,344 | 753,508 | ||
GNMA Series 2013-152 Class HA | 2.50 | 6-20-2043 | 3,318,853 | 2,983,902 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 7
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Agency securities (continued) | ||||||
GNMA Series 2014-181 Class L | 3.00 % | 12-20-2044 | $ | 1,976,655 | $1,738,967 | |
GNMA Series 2015-144 Class CA | 2.50 | 10-20-2045 | 3,428,578 | 2,955,654 | ||
GNMA Series 2015-161 Class GF (U.S. SOFR 1 Month+0.41%)± | 5.73 | 11-20-2045 | 1,850,128 | 1,775,223 | ||
GNMA Series 2016-93 Class AB | 1.75 | 7-20-2044 | 3,600,787 | 2,852,150 | ||
GNMA Series 2017-167 Class BQ | 2.50 | 8-20-2044 | 2,424,041 | 2,185,599 | ||
GNMA Series 2018-65 Class DC | 3.50 | 5-20-2048 | 2,433,839 | 2,171,464 | ||
GNMA Series 2021-227 Class E | 2.50 | 7-20-2050 | 15,121,511 | 12,825,425 | ||
GNMA Series 2021-23 Class MG | 1.50 | 2-20-2051 | 7,297,989 | 5,913,579 | ||
GNMA Series 2021-27 Class BD | 5.00 | 2-20-2051 | 2,327,313 | 2,290,150 | ||
GNMA Series 2021-27 Class CW±± | 5.00 | 2-20-2051 | 1,385,770 | 1,344,228 | ||
GNMA Series 2021-27 Class NT | 5.00 | 2-20-2051 | 2,779,518 | 2,648,710 | ||
GNMA Series 2021-27 Class Q | 5.00 | 2-20-2051 | 2,453,603 | 2,345,122 | ||
GNMA Series 2021-8 Class CY | 5.00 | 1-20-2051 | 897,203 | 870,422 | ||
GNMA Series 2022-107 Class C | 2.50 | 6-20-2051 | 11,544,047 | 9,644,233 | ||
GNMA Series 2022-191 Class B | 4.00 | 6-20-2041 | 14,145,835 | 13,061,456 | ||
GNMA Series 2022-191 Class BY | 4.00 | 8-20-2041 | 15,226,534 | 14,068,766 | ||
GNMA Series 2022-197 Class LF (30 Day Average U.S. SOFR+0.70%)± | 5.94 | 11-20-2052 | 10,171,912 | 9,940,608 | ||
GNMA Series 2022-205 Class A | 2.00 | 9-20-2051 | 4,247,085 | 3,294,224 | ||
GNMA Series 2022-31 Class GH | 2.50 | 12-20-2049 | 7,623,312 | 6,605,737 | ||
GNMA Series 2022-50 Class DC | 2.50 | 8-20-2051 | 3,546,491 | 3,047,493 | ||
GNMA Series 2022-66 Class CG | 3.50 | 4-20-2052 | 7,231,325 | 6,754,778 | ||
GNMA Series 2022-84 Class A | 2.50 | 1-20-2052 | 4,086,911 | 3,414,635 | ||
Total agency securities (Cost $1,987,222,255) | 1,908,331,103 | |||||
Asset-backed securities: 11.12% | ||||||
Ally Auto Receivables Trust Series 2022-3 Class A4 | 5.07 | 6-15-2031 | 1,860,000 | 1,849,290 | ||
American Express Credit Account Master Trust Series 2023-1 Class A | 4.87 | 5-15-2028 | 4,409,000 | 4,384,090 | ||
Americredit Automobile Receivables Trust Series 2022-2 Class A3 | 4.38 | 4-18-2028 | 3,567,000 | 3,506,199 | ||
Americredit Automobile Receivables Trust Series 2023-1 Class A3 | 5.62 | 11-18-2027 | 1,745,000 | 1,743,938 | ||
Avis Budget Rental Car Funding AESOP LLC Series 2019-3A Class A144A | 2.36 | 3-20-2026 | 3,825,000 | 3,640,824 | ||
Avis Budget Rental Car Funding AESOP LLC Series 2021-2A Class A144A | 1.66 | 2-20-2028 | 3,391,000 | 2,969,126 | ||
Avis Budget Rental Car Funding AESOP LLC Series 2023-1A Class A144A | 5.25 | 4-20-2029 | 6,416,000 | 6,277,894 | ||
Avis Budget Rental Car Funding AESOP LLC Series 2023-2A Class A144A | 5.20 | 10-20-2027 | 3,442,000 | 3,383,408 | ||
Avis Budget Rental Car Funding AESOP LLC Series 2023-4A Class A144A | 5.49 | 6-20-2029 | 7,628,000 | 7,507,298 | ||
Avis Budget Rental Car Funding AESOP LLC Series 2023-6A Class A144A | 5.81 | 12-20-2029 | 3,552,000 | 3,551,072 | ||
BA Credit Card Trust Series 2023-A1 Class A1 | 4.79 | 5-15-2028 | 1,412,000 | 1,400,225 | ||
BMW Vehicle Lease Trust Series 2023-1 Class A4 | 5.07 | 6-25-2026 | 2,481,000 | 2,461,185 | ||
Capital One Multi-Asset Execution Trust Series 2022-A2 Class A | 3.49 | 5-15-2027 | 5,110,000 | 4,954,380 | ||
Capital One Multi-Asset Execution Trust Series 2023-A1 Class A | 4.42 | 5-15-2028 | 4,073,000 | 4,000,395 | ||
Capital One Prime Auto Receivables Trust Series 2023-1 Class A3 | 4.87 | 2-15-2028 | 10,269,000 | 10,173,409 |
See accompanying notes to portfolio of investments
8 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Asset-backed securities (continued) | ||||||
Chase Auto Owner Trust Series 2022-AA Class A4144A | 3.99 % | 3-27-2028 | $ | 2,419,000 | $2,333,843 | |
College Avenue Student Loans LLC Series 2017-A Class A1 (U.S. SOFR 1 Month+1.76%)144A± | 7.08 | 11-26-2046 | 1,349,513 | 1,353,992 | ||
College Avenue Student Loans LLC Series 2018-A Class A2144A | 4.13 | 12-26-2047 | 1,149,375 | 1,087,328 | ||
College Avenue Student Loans LLC Series 2019-A Class A2144A | 3.28 | 12-28-2048 | 1,928,846 | 1,783,423 | ||
Discover Card Execution Note Trust Series 2022-A3 Class A3 | 3.56 | 7-15-2027 | 10,261,000 | 9,933,316 | ||
Discover Card Execution Note Trust Series 2023-A1 Class A | 4.31 | 3-15-2028 | 8,282,000 | 8,110,240 | ||
Discover Card Execution Note Trust Series 2023-A2 Class A | 4.93 | 6-15-2028 | 15,637,000 | 15,550,665 | ||
Enterprise Fleet Financing LLC Series 2023-1 Class A3144A | 5.42 | 10-22-2029 | 3,036,000 | 3,013,554 | ||
Enterprise Fleet Financing LLC Series 2023-1 Class A2144A | 5.51 | 1-22-2029 | 4,926,000 | 4,896,604 | ||
Ford Credit Auto Owner Trust Series 2022-1 Class A144A | 3.88 | 11-15-2034 | 6,966,000 | 6,621,857 | ||
Ford Credit Auto Owner Trust Series 2022-D Class A4 | 5.30 | 3-15-2028 | 1,673,000 | 1,668,579 | ||
Ford Credit Auto Owner Trust Series 2023-1 Class A144A | 4.85 | 8-15-2035 | 6,192,000 | 6,103,589 | ||
Ford Credit Auto Owner Trust Series 2023-2 Class A144A | 5.28 | 2-15-2036 | 8,633,000 | 8,665,330 | ||
Ford Credit Auto Owner Trust Series 2023-A Class A3 | 4.65 | 2-15-2028 | 7,598,000 | 7,485,687 | ||
Ford Credit Floorplan Master Owner Trust A Series 2023-1 Class A1144A | 4.92 | 5-15-2028 | 6,917,000 | 6,835,059 | ||
GM Financial Automobile Leasing Trust Series 2023-1 Class A4 | 5.16 | 1-20-2027 | 3,702,000 | 3,674,202 | ||
GM Financial Automobile Leasing Trust Series 2023-2 Class A3 | 5.05 | 7-20-2026 | 4,944,000 | 4,905,593 | ||
GM Financial Automobile Leasing Trust Series 2023-2 Class A4 | 5.09 | 5-20-2027 | 2,343,000 | 2,315,720 | ||
GM Financial Automobile Leasing Trust Series 2023-3 Class A3 | 5.38 | 11-20-2026 | 4,587,000 | 4,585,748 | ||
GM Financial Automobile Leasing Trust Series 2023-3 Class A4 | 5.44 | 8-20-2027 | 1,557,000 | 1,556,842 | ||
GM Financial Consumer Automobile Receivables Trust Series 2022-2 Class A3 | 3.10 | 2-16-2027 | 8,146,000 | 7,905,728 | ||
GM Financial Consumer Automobile Receivables Trust Series 2022-4 Class A3 | 4.82 | 8-16-2027 | 3,022,000 | 2,992,857 | ||
GM Financial Revolving Receivables Trust Series 2022-1 Class A144A | 5.91 | 10-11-2035 | 4,422,000 | 4,518,138 | ||
GM Financial Revolving Receivables Trust Series 2023-1 Class A144A | 5.12 | 4-11-2035 | 4,581,000 | 4,570,358 | ||
GMF Floorplan Owner Revolving Trust Series 2023-1 Class A1144A | 5.34 | 6-15-2028 | 8,542,000 | 8,532,021 | ||
Hertz Vehicle Financing III LLC Series 2022-1A Class A144A | 1.99 | 6-25-2026 | 6,415,000 | 6,007,602 | ||
Hertz Vehicle Financing III LLC Series 2023-4A Class A144A | 6.15 | 3-25-2030 | 5,189,000 | 5,200,537 | ||
Hertz Vehicle Financing III LP Series 2021-2A Class A144A | 1.68 | 12-27-2027 | 4,377,000 | 3,857,149 | ||
Hertz Vehicle Financing LLC Series 2022-4A Class A144A | 3.73 | 9-25-2026 | 1,924,000 | 1,845,732 | ||
Hertz Vehicle Financing LLC Series 2023-2A Class A144A | 5.57 | 9-25-2029 | 8,139,000 | 8,036,322 | ||
Honda Auto Receivables Owner Trust Series 2023-1 Class A3 | 5.04 | 4-21-2027 | 7,074,000 | 7,032,486 | ||
Hyundai Auto Lease Securitization Trust Series 2023-B Class A4144A | 5.17 | 4-15-2027 | 3,749,000 | 3,696,513 | ||
Hyundai Auto Receivables Trust Series 2021-C Class A4 | 1.03 | 12-15-2027 | 2,976,000 | 2,738,891 | ||
Hyundai Auto Receivables Trust Series 2022-A Class A3 | 2.22 | 10-15-2026 | 5,544,000 | 5,338,109 | ||
Hyundai Auto Receivables Trust Series 2022-A Class A4 | 2.35 | 4-17-2028 | 1,708,000 | 1,603,032 | ||
Hyundai Auto Receivables Trust Series 2023-A Class A4 | 4.48 | 7-17-2028 | 3,320,000 | 3,257,843 | ||
Hyundai Auto Receivables Trust Series 2023-B Class A3 | 5.48 | 4-17-2028 | 2,010,000 | 2,020,572 | ||
Mercedes-Benz Auto Lease Trust Series 2023-A Class A3 | 4.74 | 1-15-2027 | 5,034,000 | 4,972,753 | ||
Mercedes-Benz Auto Receivables Trust Series 2022-1 Class A4 | 5.25 | 2-15-2029 | 3,874,000 | 3,880,196 | ||
Mercedes-Benz Auto Receivables Trust Series 2023-1 Class A4 | 4.31 | 4-16-2029 | 2,935,000 | 2,865,057 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 9
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Asset-backed securities (continued) | ||||||
Navient Private Education Loan Trust Series 2014-AA Class A3 (U.S. SOFR 1 Month+1.71%)144A± | 7.02 % | 10-15-2031 | $ | 1,818,075 | $1,822,522 | |
Navient Private Education Loan Trust Series 2016-AA Class A2B (U.S. SOFR 1 Month+2.26%)144A± | 7.57 | 12-15-2045 | 874,089 | 879,098 | ||
Navient Private Education Refinance Loan Trust Series 2018-CA Class A2144A | 3.52 | 6-16-2042 | 127,631 | 125,645 | ||
Navient Private Education Refinance Loan Trust Series 2018-DA Class A2A144A | 4.00 | 12-15-2059 | 2,667,262 | 2,549,082 | ||
Navient Private Education Refinance Loan Trust Series 2019-A Class A2A144A | 3.42 | 1-15-2043 | 2,486,518 | 2,393,174 | ||
Navient Private Education Refinance Loan Trust Series 2019-CA Class A2144A | 3.13 | 2-15-2068 | 2,212,023 | 2,098,720 | ||
Navient Private Education Refinance Loan Trust Series 2019-D Class A2A144A | 3.01 | 12-15-2059 | 5,507,790 | 5,096,216 | ||
Navient Private Education Refinance Loan Trust Series 2019-FA Class A2144A | 2.60 | 8-15-2068 | 2,996,051 | 2,759,824 | ||
Navient Private Education Refinance Loan Trust Series 2020-BA Class A2144A | 2.12 | 1-15-2069 | 1,994,477 | 1,816,233 | ||
Navient Private Education Refinance Loan Trust Series 2020-GA Class A144A | 1.17 | 9-16-2069 | 2,456,296 | 2,183,679 | ||
Navient Private Education Refinance Loan Trust Series 2021-BA Class A144A | 0.94 | 7-15-2069 | 1,247,335 | 1,080,955 | ||
Navient Private Education Refinance Loan Trust Series 2021-CA Class A144A | 1.06 | 10-15-2069 | 5,186,862 | 4,437,603 | ||
Navient Private Education Refinance Loan Trust Series 2021-EA Class A144A | 0.97 | 12-16-2069 | 7,091,671 | 5,969,404 | ||
Navient Private Education Refinance Loan Trust Series 2021-FA Class A144A | 1.11 | 2-18-2070 | 4,580,708 | 3,852,459 | ||
Navient Private Education Refinance Loan Trust Series 2022-A Class A144A | 2.23 | 7-15-2070 | 3,304,875 | 2,885,527 | ||
Navient Student Loan Trust Series 2019-BA Class A2A144A | 3.39 | 12-15-2059 | 4,174,234 | 3,955,762 | ||
Navient Student Loan Trust Series 2021-3A Class A1A144A | 1.77 | 8-25-2070 | 4,923,569 | 4,243,085 | ||
Nelnet Student Loan Trust Series 2004-3 Class A5 (90 Day Average U.S. SOFR+0.44%)± | 5.50 | 10-27-2036 | 1,110,532 | 1,086,243 | ||
Nelnet Student Loan Trust Series 2004-4 Class A5 (90 Day Average U.S. SOFR+0.42%)± | 5.48 | 1-25-2037 | 3,217,718 | 3,170,596 | ||
Nelnet Student Loan Trust Series 2005-1 Class A5 (90 Day Average U.S. SOFR+0.37%)± | 5.43 | 10-25-2033 | 9,239,191 | 9,036,245 | ||
Nelnet Student Loan Trust Series 2005-2 Class A5 (90 Day Average U.S. SOFR+0.36%)± | 5.33 | 3-23-2037 | 9,135,830 | 8,956,318 | ||
Nelnet Student Loan Trust Series 2005-3 Class A5 (90 Day Average U.S. SOFR+0.38%)± | 5.35 | 12-24-2035 | 6,914,591 | 6,788,418 | ||
Nelnet Student Loan Trust Series 2005-4 Class A4 (90 Day Average U.S. SOFR+0.44%)± | 5.41 | 3-22-2032 | 1,761,241 | 1,686,752 | ||
Nissan Auto Lease Trust Series 2023-B Class A4 | 5.61 | 11-15-2027 | 3,476,000 | 3,483,920 | ||
Nissan Auto Lease Trust Series 2023-B Class A3 | 5.69 | 7-15-2026 | 9,078,000 | 9,092,542 | ||
Nissan Auto Receivables Owner Trust Series 2022-B Class A4 | 4.45 | 11-15-2029 | 2,437,000 | 2,390,145 | ||
Nissan Auto Receivables Owner Trust Series 2023-A Class A4 | 4.85 | 6-17-2030 | 1,724,000 | 1,709,654 |
See accompanying notes to portfolio of investments
10 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Asset-backed securities (continued) | ||||||
PenFed Auto Receivables Owner Trust Series 2022-A Class A3144A | 3.96 % | 4-15-2026 | $ | 3,548,000 | $3,495,482 | |
PenFed Auto Receivables Owner Trust Series 2022-A Class A4144A | 4.18 | 12-15-2028 | 1,743,000 | 1,698,950 | ||
Santander Drive Auto Receivables Trust Series 2022-2 Class A3 | 2.98 | 10-15-2026 | 5,922,986 | 5,868,204 | ||
Santander Drive Auto Receivables Trust Series 2022-3 Class A3 | 3.40 | 12-15-2026 | 2,753,105 | 2,722,966 | ||
Santander Drive Auto Receivables Trust Series 2022-4 Class A3 | 4.14 | 2-16-2027 | 5,140,000 | 5,090,236 | ||
Santander Drive Auto Receivables Trust Series 2022-5 Class A3 | 4.11 | 8-17-2026 | 4,588,000 | 4,554,501 | ||
Santander Drive Auto Receivables Trust Series 2022-6 Class A3 | 4.49 | 11-16-2026 | 8,785,000 | 8,715,550 | ||
Santander Drive Auto Receivables Trust Series 2022-7 Class A3 | 5.75 | 4-15-2027 | 1,964,000 | 1,958,134 | ||
SMB Private Education Loan Trust Series 2016-B Class A2A144A | 2.43 | 2-17-2032 | 781,187 | 755,705 | ||
SMB Private Education Loan Trust Series 2016-B Class A2B (U.S. SOFR 1 Month+1.56%)144A± | 6.87 | 2-17-2032 | 608,966 | 609,132 | ||
SMB Private Education Loan Trust Series 2016-C Class A2B (U.S. SOFR 1 Month+1.21%)144A± | 6.52 | 9-15-2034 | 683,575 | 682,002 | ||
SMB Private Education Loan Trust Series 2018-C Class A2A144A | 3.63 | 11-15-2035 | 1,619,001 | 1,547,914 | ||
SMB Private Education Loan Trust Series 2020-B Class A1A144A | 1.29 | 7-15-2053 | 1,873,460 | 1,673,133 | ||
SMB Private Education Loan Trust Series 2020-PTA Class A2A144A | 1.60 | 9-15-2054 | 3,772,224 | 3,361,044 | ||
SMB Private Education Loan Trust Series 2020-PTB Class A2A144A | 1.60 | 9-15-2054 | 10,851,534 | 9,666,295 | ||
SMB Private Education Loan Trust Series 2021-A Class APT1144A | 1.07 | 1-15-2053 | 6,495,267 | 5,597,416 | ||
SMB Private Education Loan Trust Series 2021-B Class A144A | 1.31 | 7-17-2051 | 2,309,111 | 2,042,540 | ||
SMB Private Education Loan Trust Series 2021-D Class A1A144A | 1.34 | 3-17-2053 | 6,318,935 | 5,583,201 | ||
SMB Private Education Loan Trust Series 2021-E Class A1A144A | 1.68 | 2-15-2051 | 5,089,786 | 4,556,130 | ||
SMB Private Education Loan Trust Series 2023-B Class A1B (30 Day Average U.S. SOFR+1.80%)144A± | 6.99 | 10-16-2056 | 4,200,996 | 4,237,690 | ||
SoFi Professional Loan Program LLC Series 2017-D Class A2FX144A | 2.65 | 9-25-2040 | 90,153 | 85,945 | ||
SoFi Professional Loan Program LLC Series 2020-C Class AFX144A | 1.95 | 2-15-2046 | 418,502 | 374,999 | ||
SoFi Professional Loan Program LLC Series 2021-A Class AFX144A | 1.03 | 8-17-2043 | 1,542,844 | 1,303,186 | ||
SoFi Professional Loan Program LLC Series 2021-B Class AFX144A | 1.14 | 2-15-2047 | 3,607,373 | 3,008,516 | ||
Synchrony Card Funding LLC Series 2022-A2 Class A | 3.86 | 7-15-2028 | 2,737,000 | 2,658,236 | ||
Synchrony Card Funding LLC Series 2023-A1 Class A | 5.54 | 7-15-2029 | 14,674,000 | 14,739,657 | ||
T-Mobile U.S. Trust Series 2022-1A Class A144A | 4.91 | 5-22-2028 | 3,719,000 | 3,682,025 | ||
Toyota Auto Receivables Owner Trust Series 2022-D Class A4 | 5.43 | 4-17-2028 | 2,132,000 | 2,153,786 | ||
Toyota Auto Receivables Owner Trust Series 2023-A Class A4 | 4.42 | 8-15-2028 | 2,768,000 | 2,711,567 | ||
Toyota Auto Receivables Owner Trust Series 2023-B Class A3 | 4.71 | 2-15-2028 | 4,376,000 | 4,332,827 | ||
Toyota Auto Receivables Owner Trust Series 2023-C Class A3 | 5.16 | 4-17-2028 | 7,200,000 | 7,182,290 | ||
Verizon Master Trust Series 2022-2 Class A | 1.53 | 7-20-2028 | 3,146,000 | 2,976,930 | ||
Verizon Master Trust Series 2022-4 Class A | 3.40 | 11-20-2028 | 6,886,000 | 6,637,070 | ||
Verizon Master Trust Series 2022-6 Class A | 3.67 | 1-22-2029 | 4,554,000 | 4,412,320 | ||
Verizon Master Trust Series 2023-1 Class A | 4.49 | 1-22-2029 | 6,417,000 | 6,313,114 | ||
Verizon Master Trust Series 2023-2 Class A | 4.89 | 4-13-2028 | 2,391,000 | 2,368,101 | ||
Verizon Master Trust Series 2023-4 Class A1A | 5.16 | 6-20-2029 | 11,813,000 | 11,805,546 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 11
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Asset-backed securities (continued) | ||||||
Volkswagen Auto Loan Enhanced Trust Series 2023-1 Class A3 | 5.02 % | 6-20-2028 | $ | 5,050,000 | $5,028,554 | |
World Omni Select Auto Trust Series 2023-A Class A2A | 5.92 | 3-15-2027 | 4,126,000 | 4,120,207 | ||
Total asset-backed securities (Cost $528,520,822) | 511,016,722 | |||||
Corporate bonds and notes: 18.59% | ||||||
Basic materials: 0.14% | ||||||
Chemicals: 0.14% | ||||||
Celanese U.S. Holdings LLC | 6.70 | 11-15-2033 | 3,476,000 | 3,490,617 | ||
Rohm & Haas Co. | 7.85 | 7-15-2029 | 2,735,000 | 3,023,053 | ||
6,513,670 | ||||||
Communications: 1.81% | ||||||
Internet: 0.15% | ||||||
Meta Platforms, Inc. | 5.60 | 5-15-2053 | 3,349,000 | 3,362,768 | ||
Meta Platforms, Inc. | 5.75 | 5-15-2063 | 3,349,000 | 3,382,040 | ||
6,744,808 | ||||||
Media: 0.29% | ||||||
Charter Communications Operating LLC/Charter Communications Operating Capital | 3.50 | 6-1-2041 | 913,000 | 605,105 | ||
Charter Communications Operating LLC/Charter Communications Operating Capital | 3.50 | 3-1-2042 | 5,760,000 | 3,765,628 | ||
Comcast Corp. | 2.99 | 11-1-2063 | 1,987,000 | 1,201,258 | ||
Comcast Corp. | 4.05 | 11-1-2052 | 1,713,000 | 1,370,193 | ||
Comcast Corp. | 5.35 | 11-15-2027 | 3,490,000 | 3,538,961 | ||
Discovery Communications LLC | 4.00 | 9-15-2055 | 1,857,000 | 1,211,105 | ||
Paramount Global | 4.95 | 5-19-2050 | 2,145,000 | 1,571,896 | ||
13,264,146 | ||||||
Telecommunications: 1.37% | ||||||
AT&T, Inc. | 3.50 | 6-1-2041 | 1,693,000 | 1,241,702 | ||
AT&T, Inc. | 3.50 | 9-15-2053 | 2,607,000 | 1,715,940 | ||
AT&T, Inc. | 3.55 | 9-15-2055 | 2,630,000 | 1,716,520 | ||
AT&T, Inc. | 3.65 | 9-15-2059 | 1,663,000 | 1,076,245 | ||
AT&T, Inc. | 3.80 | 12-1-2057 | 4,782,000 | 3,224,981 | ||
AT&T, Inc. | 5.40 | 2-15-2034 | 12,626,000 | 12,261,102 | ||
T-Mobile USA, Inc. | 1.50 | 2-15-2026 | 1,189,000 | 1,083,353 | ||
T-Mobile USA, Inc. | 2.25 | 2-15-2026 | 3,709,000 | 3,429,663 | ||
T-Mobile USA, Inc. | 2.55 | 2-15-2031 | 2,655,000 | 2,187,775 | ||
T-Mobile USA, Inc. | 2.88 | 2-15-2031 | 45,000 | 37,835 | ||
T-Mobile USA, Inc. | 3.50 | 4-15-2031 | 27,000 | 23,574 | ||
T-Mobile USA, Inc. | 3.75 | 4-15-2027 | 5,650,000 | 5,355,038 | ||
T-Mobile USA, Inc. | 4.80 | 7-15-2028 | 3,527,000 | 3,448,116 | ||
T-Mobile USA, Inc. | 4.95 | 3-15-2028 | 3,524,000 | 3,474,935 | ||
T-Mobile USA, Inc. | 5.05 | 7-15-2033 | 4,409,000 | 4,254,407 | ||
Verizon Communications, Inc. | 2.36 | 3-15-2032 | 9,566,000 | 7,566,115 |
See accompanying notes to portfolio of investments
12 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Telecommunications (continued) | ||||||
Verizon Communications, Inc. | 2.65 % | 11-20-2040 | $ | 2,225,000 | $1,485,696 | |
Verizon Communications, Inc. | 5.05 | 5-9-2033 | 9,678,000 | 9,390,743 | ||
62,973,740 | ||||||
Consumer, cyclical: 1.28% | ||||||
Auto manufacturers: 0.53% | ||||||
Ford Motor Credit Co. LLC | 2.90 | 2-10-2029 | 2,838,000 | 2,342,174 | ||
Ford Motor Credit Co. LLC | 7.20 | 6-10-2030 | 4,065,000 | 4,128,821 | ||
General Motors Co. | 5.20 | 4-1-2045 | 1,418,000 | 1,171,783 | ||
Hyundai Capital America144A | 0.80 | 1-8-2024 | 1,397,000 | 1,372,669 | ||
Hyundai Capital America144A | 1.30 | 1-8-2026 | 3,349,000 | 3,030,977 | ||
Hyundai Capital America144A | 5.50 | 3-30-2026 | 3,555,000 | 3,540,045 | ||
Hyundai Capital America144A | 5.60 | 3-30-2028 | 5,526,000 | 5,496,784 | ||
Hyundai Capital America144A | 5.70 | 6-26-2030 | 3,503,000 | 3,447,428 | ||
24,530,681 | ||||||
Entertainment: 0.15% | ||||||
Warnermedia Holdings, Inc. | 5.05 | 3-15-2042 | 3,487,000 | 2,866,425 | ||
Warnermedia Holdings, Inc. | 5.14 | 3-15-2052 | 2,686,000 | 2,141,036 | ||
Warnermedia Holdings, Inc. | 5.39 | 3-15-2062 | 2,199,000 | 1,745,282 | ||
6,752,743 | ||||||
Leisure time: 0.06% | ||||||
Harley-Davidson Financial Services, Inc. Series CO144A | 6.50 | 3-10-2028 | 2,652,000 | 2,659,564 | ||
Retail: 0.54% | ||||||
Lowe’s Cos., Inc. | 4.25 | 4-1-2052 | 3,331,000 | 2,635,115 | ||
Lowe’s Cos., Inc. | 5.63 | 4-15-2053 | 4,314,000 | 4,189,674 | ||
Lowe’s Cos., Inc. | 5.75 | 7-1-2053 | 1,772,000 | 1,751,502 | ||
Lowe’s Cos., Inc. | 5.85 | 4-1-2063 | 885,000 | 865,476 | ||
McDonald’s Corp. | 4.80 | 8-14-2028 | 5,208,000 | 5,183,632 | ||
McDonald’s Corp. | 5.45 | 8-14-2053 | 3,474,000 | 3,476,310 | ||
Walmart, Inc. | 4.10 | 4-15-2033 | 4,431,000 | 4,222,594 | ||
Walmart, Inc. | 4.50 | 4-15-2053 | 2,659,000 | 2,474,324 | ||
24,798,627 | ||||||
Consumer, non-cyclical: 3.50% | ||||||
Agriculture: 0.68% | ||||||
Bunge Ltd. Finance Corp. | 1.63 | 8-17-2025 | 1,822,000 | 1,686,774 | ||
Bunge Ltd. Finance Corp. | 2.75 | 5-14-2031 | 379,000 | 316,996 | ||
Philip Morris International, Inc. | 4.88 | 2-13-2026 | 2,863,000 | 2,835,087 | ||
Philip Morris International, Inc. | 4.88 | 2-15-2028 | 7,658,000 | 7,559,134 | ||
Philip Morris International, Inc. | 5.00 | 11-17-2025 | 3,750,000 | 3,728,044 | ||
Philip Morris International, Inc. | 5.13 | 11-17-2027 | 5,624,000 | 5,613,437 | ||
Philip Morris International, Inc. | 5.13 | 2-15-2030 | 5,756,000 | 5,689,161 | ||
Philip Morris International, Inc. | 5.38 | 2-15-2033 | 2,865,000 | 2,829,083 | ||
Philip Morris International, Inc. | 5.75 | 11-17-2032 | 900,000 | 912,804 | ||
31,170,520 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 13
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Beverages: 0.50% | ||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | 4.70 % | 2-1-2036 | $ | 8,945,000 | $8,561,344 | |
Anheuser-Busch InBev Worldwide, Inc. | 4.38 | 4-15-2038 | 4,709,000 | 4,311,738 | ||
Constellation Brands, Inc. | 4.75 | 5-9-2032 | 1,334,000 | 1,278,698 | ||
Constellation Brands, Inc. | 4.90 | 5-1-2033 | 2,557,000 | 2,465,354 | ||
Constellation Brands, Inc. | 5.25 | 11-15-2048 | 3,646,000 | 3,406,191 | ||
Keurig Dr Pepper, Inc. | 4.50 | 4-15-2052 | 3,297,000 | 2,806,591 | ||
22,829,916 | ||||||
Biotechnology: 0.52% | ||||||
Amgen, Inc. | 5.25 | 3-2-2025 | 8,819,000 | 8,781,436 | ||
Amgen, Inc. | 5.65 | 3-2-2053 | 10,012,000 | 9,925,350 | ||
Gilead Sciences, Inc. | 2.60 | 10-1-2040 | 2,748,000 | 1,919,846 | ||
Gilead Sciences, Inc. | 4.00 | 9-1-2036 | 1,414,000 | 1,248,193 | ||
Gilead Sciences, Inc. | 4.60 | 9-1-2035 | 2,008,000 | 1,905,588 | ||
23,780,413 | ||||||
Commercial services: 0.06% | ||||||
Quanta Services, Inc. | 0.95 | 10-1-2024 | 3,156,000 | 2,992,892 | ||
Cosmetics/Personal Care: 0.33% | ||||||
Kenvue, Inc.144A | 4.90 | 3-22-2033 | 7,068,000 | 7,028,746 | ||
Kenvue, Inc.144A | 5.05 | 3-22-2028 | 3,533,000 | 3,542,376 | ||
Kenvue, Inc.144A | 5.05 | 3-22-2053 | 3,919,000 | 3,837,619 | ||
Kenvue, Inc.144A | 5.20 | 3-22-2063 | 883,000 | 863,929 | ||
15,272,670 | ||||||
Healthcare-products: 0.15% | ||||||
Abbott Laboratories | 1.40 | 6-30-2030 | 3,975,000 | 3,239,547 | ||
Abbott Laboratories | 4.75 | 11-30-2036 | 3,534,000 | 3,508,430 | ||
6,747,977 | ||||||
Healthcare-services: 0.44% | ||||||
HCA, Inc.144A | 4.63 | 3-15-2052 | 1,692,000 | 1,357,645 | ||
HCA, Inc. | 5.20 | 6-1-2028 | 2,679,000 | 2,639,862 | ||
HCA, Inc. | 5.90 | 6-1-2053 | 6,177,000 | 5,923,967 | ||
UnitedHealth Group, Inc. | 3.05 | 5-15-2041 | 831,000 | 620,532 | ||
UnitedHealth Group, Inc. | 4.00 | 5-15-2029 | 3,360,000 | 3,211,994 | ||
UnitedHealth Group, Inc. | 5.20 | 4-15-2063 | 1,826,000 | 1,750,234 | ||
UnitedHealth Group, Inc. | 5.88 | 2-15-2053 | 4,219,000 | 4,512,231 | ||
20,016,465 | ||||||
Pharmaceuticals: 0.82% | ||||||
AbbVie, Inc. | 3.20 | 11-21-2029 | 4,771,000 | 4,300,353 | ||
AbbVie, Inc. | 4.05 | 11-21-2039 | 1,876,000 | 1,607,944 | ||
AbbVie, Inc. | 4.25 | 11-21-2049 | 9,010,000 | 7,587,848 | ||
AbbVie, Inc. | 4.30 | 5-14-2036 | 1,149,000 | 1,052,639 | ||
AbbVie, Inc. | 4.45 | 5-14-2046 | 1,169,000 | 1,011,251 | ||
AbbVie, Inc. | 4.55 | 3-15-2035 | 4,356,000 | 4,120,301 |
See accompanying notes to portfolio of investments
14 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Pharmaceuticals (continued) | ||||||
Astrazeneca Finance LLC | 4.88 % | 3-3-2028 | $ | 3,872,000 | $3,859,237 | |
Astrazeneca Finance LLC | 4.90 | 3-3-2030 | 5,292,000 | 5,264,063 | ||
CVS Health Corp. | 4.88 | 7-20-2035 | 520,000 | 483,816 | ||
Eli Lilly & Co. | 4.70 | 2-27-2033 | 1,766,000 | 1,762,768 | ||
Eli Lilly & Co. | 4.88 | 2-27-2053 | 1,778,000 | 1,748,670 | ||
Eli Lilly & Co. | 4.95 | 2-27-2063 | 1,236,000 | 1,207,373 | ||
Merck & Co., Inc. | 4.50 | 5-17-2033 | 895,000 | 872,285 | ||
Merck & Co., Inc. | 5.00 | 5-17-2053 | 1,789,000 | 1,747,350 | ||
Merck & Co., Inc. | 5.15 | 5-17-2063 | 1,342,000 | 1,309,961 | ||
37,935,859 | ||||||
Energy: 0.97% | ||||||
Oil & gas: 0.39% | ||||||
BP Capital Markets America, Inc. | 4.81 | 2-13-2033 | 9,691,000 | 9,380,272 | ||
Exxon Mobil Corp. | 3.45 | 4-15-2051 | 4,444,000 | 3,306,582 | ||
Exxon Mobil Corp. | 4.33 | 3-19-2050 | 5,849,000 | 5,068,364 | ||
17,755,218 | ||||||
Pipelines: 0.58% | ||||||
Energy Transfer LP | 4.40 | 3-15-2027 | 783,000 | 750,951 | ||
Energy Transfer LP | 4.95 | 5-15-2028 | 5,849,000 | 5,682,082 | ||
Energy Transfer LP | 5.30 | 4-15-2047 | 4,574,000 | 3,878,952 | ||
Energy Transfer LP | 5.40 | 10-1-2047 | 1,343,000 | 1,156,791 | ||
Energy Transfer LP | 5.75 | 2-15-2033 | 6,431,000 | 6,393,913 | ||
Energy Transfer LP | 6.13 | 12-15-2045 | 1,414,000 | 1,327,922 | ||
MPLX LP | 4.95 | 3-14-2052 | 3,279,000 | 2,702,142 | ||
MPLX LP | 5.00 | 3-1-2033 | 5,316,000 | 5,017,927 | ||
26,910,680 | ||||||
Financial: 4.92% | ||||||
Banks: 2.75% | ||||||
Bank of America Corp. (U.S. SOFR+0.96%)± | 1.73 | 7-22-2027 | 5,338,000 | 4,776,385 | ||
Bank of America Corp. (U.S. SOFR+1.63%)± | 5.20 | 4-25-2029 | 3,831,000 | 3,773,080 | ||
Bank of America Corp. (U.S. SOFR+1.91%)± | 5.29 | 4-25-2034 | 9,920,000 | 9,680,013 | ||
Bank of America Corp. (U.S. SOFR 3 Month+1.30%)± | 3.42 | 12-20-2028 | 12,393,000 | 11,364,458 | ||
Bank of New York Mellon Corp. (U.S. SOFR+1.03%)± | 4.95 | 4-26-2027 | 7,114,000 | 7,002,606 | ||
Bank of New York Mellon Corp. Series J (U.S. SOFR+1.61%)± | 4.97 | 4-26-2034 | 8,007,000 | 7,687,698 | ||
Citigroup, Inc. (U.S. SOFR+2.66%)± | 6.17 | 5-25-2034 | 10,519,000 | 10,482,281 | ||
Goldman Sachs Group, Inc. (U.S. SOFR+0.91%)± | 1.95 | 10-21-2027 | 3,934,000 | 3,500,925 | ||
KeyBank NA | 5.00 | 1-26-2033 | 5,524,000 | 4,798,093 | ||
M&T Bank Corp. (U.S. SOFR+1.85%)± | 5.05 | 1-27-2034 | 3,260,000 | 2,964,574 | ||
Manufacturers & Traders Trust Co. | 4.70 | 1-27-2028 | 2,346,000 | 2,193,120 | ||
Morgan Stanley (U.S. SOFR+1.59%)± | 5.16 | 4-20-2029 | 1,753,000 | 1,719,395 | ||
Morgan Stanley (U.S. SOFR+1.63%)± | 5.45 | 7-20-2029 | 3,498,000 | 3,477,469 | ||
Morgan Stanley (U.S. SOFR+1.73%)± | 5.12 | 2-1-2029 | 1,753,000 | 1,718,169 | ||
Morgan Stanley (U.S. SOFR+1.87%)± | 5.25 | 4-21-2034 | 5,296,000 | 5,144,102 | ||
Morgan Stanley (U.S. SOFR+2.56%)± | 6.34 | 10-18-2033 | 6,036,000 | 6,323,610 | ||
Santander Holdings USA, Inc. (U.S. SOFR+2.36%)± | 6.50 | 3-9-2029 | 4,141,000 | 4,117,277 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 15
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Banks (continued) | ||||||
Santander Holdings USA, Inc. (U.S. SOFR+2.70%)± | 6.57 % | 6-12-2029 | $ | 2,265,000 | $2,255,063 | |
Truist Financial Corp. (U.S. SOFR+2.05%)± | 6.05 | 6-8-2027 | 6,147,000 | 6,142,703 | ||
Truist Financial Corp. (U.S. SOFR+2.36%)± | 5.87 | 6-8-2034 | 4,392,000 | 4,351,668 | ||
Wells Fargo & Co. (U.S. SOFR+1.74%)± | 5.57 | 7-25-2029 | 5,255,000 | 5,233,237 | ||
Wells Fargo & Co. (U.S. SOFR+1.99%)± | 5.56 | 7-25-2034 | 2,631,000 | 2,596,394 | ||
Wells Fargo & Co. (U.S. SOFR+2.10%)± | 4.90 | 7-25-2033 | 14,703,000 | 13,834,597 | ||
Wells Fargo & Co. (U.S. SOFR+2.13%)± | 4.61 | 4-25-2053 | 1,751,000 | 1,481,441 | ||
126,618,358 | ||||||
Diversified financial services: 0.61% | ||||||
American Express Co. (U.S. SOFR+0.97%)± | 5.39 | 7-28-2027 | 5,192,000 | 5,161,201 | ||
American Express Co. (U.S. SOFR+1.28%)± | 5.28 | 7-27-2029 | 8,659,000 | 8,565,103 | ||
American Express Co. (U.S. SOFR+1.84%)± | 5.04 | 5-1-2034 | 1,970,000 | 1,892,910 | ||
Antares Holdings LP144A | 3.75 | 7-15-2027 | 4,042,000 | 3,483,219 | ||
Capital One Financial Corp. (U.S. SOFR+2.86%)± | 6.38 | 6-8-2034 | 5,270,000 | 5,205,579 | ||
Charles Schwab Corp. (U.S. SOFR+2.01%)± | 6.14 | 8-24-2034 | 3,478,000 | 3,537,471 | ||
27,845,483 | ||||||
Insurance: 0.15% | ||||||
Brighthouse Financial, Inc. | 3.85 | 12-22-2051 | 1,568,000 | 984,845 | ||
MetLife, Inc. | 5.38 | 7-15-2033 | 4,375,000 | 4,355,152 | ||
SBL Holdings, Inc.144A | 5.00 | 2-18-2031 | 2,015,000 | 1,563,048 | ||
6,903,045 | ||||||
REITS: 1.41% | ||||||
Agree LP | 2.00 | 6-15-2028 | 3,312,000 | 2,779,728 | ||
Agree LP | 2.60 | 6-15-2033 | 753,000 | 572,232 | ||
Agree LP | 4.80 | 10-1-2032 | 1,661,000 | 1,528,959 | ||
American Homes 4 Rent LP | 3.63 | 4-15-2032 | 3,049,000 | 2,612,156 | ||
American Homes 4 Rent LP | 4.30 | 4-15-2052 | 1,366,000 | 1,055,319 | ||
American Tower Corp. | 2.95 | 1-15-2051 | 883,000 | 534,451 | ||
American Tower Corp. | 3.13 | 1-15-2027 | 1,494,000 | 1,375,911 | ||
American Tower Corp. | 5.50 | 3-15-2028 | 3,527,000 | 3,508,323 | ||
Brixmor Operating Partnership LP | 2.50 | 8-16-2031 | 2,915,000 | 2,292,725 | ||
Crown Castle, Inc. | 1.05 | 7-15-2026 | 4,750,000 | 4,198,792 | ||
Crown Castle, Inc. | 2.90 | 3-15-2027 | 2,551,000 | 2,341,728 | ||
Crown Castle, Inc. | 2.90 | 4-1-2041 | 1,765,000 | 1,189,453 | ||
Crown Castle, Inc. | 3.80 | 2-15-2028 | 1,746,000 | 1,623,911 | ||
Crown Castle, Inc. | 4.80 | 9-1-2028 | 1,744,000 | 1,693,064 | ||
Crown Castle, Inc. | 5.00 | 1-11-2028 | 5,857,000 | 5,749,762 | ||
Essex Portfolio LP | 2.55 | 6-15-2031 | 1,572,000 | 1,258,740 | ||
Federal Realty Investment Trust | 3.95 | 1-15-2024 | 2,108,000 | 2,091,541 | ||
Invitation Homes Operating Partnership LP | 2.00 | 8-15-2031 | 524,000 | 400,959 | ||
Invitation Homes Operating Partnership LP | 4.15 | 4-15-2032 | 3,034,000 | 2,700,255 | ||
Mid-America Apartments LP | 4.30 | 10-15-2023 | 1,562,000 | 1,558,804 | ||
NNN REIT, Inc. | 5.60 | 10-15-2033 | 2,611,000 | 2,558,584 | ||
Realty Income Corp. | 2.20 | 6-15-2028 | 1,633,000 | 1,417,239 | ||
Realty Income Corp. | 2.85 | 12-15-2032 | 2,206,000 | 1,787,908 |
See accompanying notes to portfolio of investments
16 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
REITS (continued) | ||||||
Realty Income Corp. | 4.90 % | 7-15-2033 | $ | 2,943,000 | $2,794,560 | |
Realty Income Corp. | 5.63 | 10-13-2032 | 3,084,000 | 3,082,824 | ||
Regency Centers LP | 2.95 | 9-15-2029 | 4,175,000 | 3,607,680 | ||
STORE Capital Corp. | 2.70 | 12-1-2031 | 1,059,000 | 749,244 | ||
STORE Capital Corp. | 2.75 | 11-18-2030 | 2,696,000 | 1,977,818 | ||
STORE Capital Corp. | 4.50 | 3-15-2028 | 1,752,000 | 1,566,085 | ||
STORE Capital Corp. | 4.63 | 3-15-2029 | 1,945,000 | 1,674,065 | ||
Sun Communities Operating LP | 4.20 | 4-15-2032 | 3,049,000 | 2,681,211 | ||
64,964,031 | ||||||
Industrial: 1.96% | ||||||
Aerospace/defense: 0.74% | ||||||
Boeing Co. | 2.20 | 2-4-2026 | 6,006,000 | 5,540,568 | ||
Boeing Co. | 3.25 | 2-1-2035 | 1,945,000 | 1,561,507 | ||
Boeing Co. | 3.75 | 2-1-2050 | 3,470,000 | 2,530,073 | ||
Boeing Co. | 5.81 | 5-1-2050 | 3,035,000 | 2,952,708 | ||
L3Harris Technologies, Inc. | 5.40 | 1-15-2027 | 6,102,000 | 6,116,823 | ||
L3Harris Technologies, Inc. | 5.40 | 7-31-2033 | 5,232,000 | 5,240,791 | ||
Lockheed Martin Corp. | 4.75 | 2-15-2034 | 6,331,000 | 6,245,607 | ||
Northrop Grumman Corp. | 4.40 | 5-1-2030 | 2,032,000 | 1,955,421 | ||
RTX Corp. | 5.38 | 2-27-2053 | 2,050,000 | 1,998,210 | ||
34,141,708 | ||||||
Environmental control: 0.33% | ||||||
Republic Services, Inc. | 4.88 | 4-1-2029 | 2,655,000 | 2,619,389 | ||
Republic Services, Inc. | 5.00 | 4-1-2034 | 2,655,000 | 2,607,411 | ||
Waste Management, Inc. | 4.88 | 2-15-2029 | 5,202,000 | 5,161,302 | ||
Waste Management, Inc. | 4.88 | 2-15-2034 | 5,202,000 | 5,078,153 | ||
15,466,255 | ||||||
Machinery-diversified: 0.72% | ||||||
Ingersoll Rand, Inc. | 5.70 | 8-14-2033 | 3,514,000 | 3,563,218 | ||
John Deere Capital Corp. | 4.15 | 9-15-2027 | 8,337,000 | 8,137,769 | ||
John Deere Capital Corp. | 4.70 | 6-10-2030 | 10,860,000 | 10,725,059 | ||
John Deere Capital Corp. | 4.90 | 3-3-2028 | 4,409,000 | 4,423,433 | ||
John Deere Capital Corp. | 4.95 | 7-14-2028 | 6,126,000 | 6,146,250 | ||
32,995,729 | ||||||
Transportation: 0.17% | ||||||
Burlington Northern Santa Fe LLC | 4.45 | 1-15-2053 | 707,000 | 629,985 | ||
Crowley Conro LLC | 4.18 | 8-15-2043 | 2,319,160 | 2,195,321 | ||
Union Pacific Corp. | 2.38 | 5-20-2031 | 1,683,000 | 1,412,520 | ||
Union Pacific Corp. | 2.80 | 2-14-2032 | 2,284,000 | 1,952,122 | ||
Union Pacific Corp. | 3.38 | 2-14-2042 | 1,900,000 | 1,483,304 | ||
7,673,252 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 17
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Technology: 1.98% | ||||||
Computers: 0.29% | ||||||
Apple, Inc. | 2.38 % | 2-8-2041 | $ | 1,288,000 | $920,514 | |
Apple, Inc. | 2.65 | 5-11-2050 | 1,390,000 | 925,801 | ||
Apple, Inc. | 2.65 | 2-8-2051 | 1,084,000 | 720,676 | ||
Apple, Inc. | 3.95 | 8-8-2052 | 2,485,000 | 2,105,374 | ||
Apple, Inc. | 4.00 | 5-10-2028 | 5,292,000 | 5,172,035 | ||
Apple, Inc. | 4.15 | 5-10-2030 | 2,646,000 | 2,587,108 | ||
Apple, Inc. | 4.85 | 5-10-2053 | 886,000 | 874,265 | ||
13,305,773 | ||||||
Semiconductors: 0.95% | ||||||
Broadcom, Inc.144A | 2.45 | 2-15-2031 | 2,768,000 | 2,231,543 | ||
Broadcom, Inc. | 3.15 | 11-15-2025 | 2,074,000 | 1,973,881 | ||
Broadcom, Inc.144A | 3.47 | 4-15-2034 | 1,776,000 | 1,451,184 | ||
Broadcom, Inc.144A | 4.93 | 5-15-2037 | 2,529,000 | 2,278,196 | ||
Intel Corp. | 2.80 | 8-12-2041 | 1,522,000 | 1,056,248 | ||
Intel Corp. | 5.63 | 2-10-2043 | 1,015,000 | 1,010,246 | ||
Intel Corp. | 5.70 | 2-10-2053 | 1,759,000 | 1,741,927 | ||
Intel Corp. | 5.90 | 2-10-2063 | 2,468,000 | 2,480,748 | ||
KLA Corp. | 3.30 | 3-1-2050 | 1,449,000 | 1,041,417 | ||
Micron Technology, Inc. | 3.48 | 11-1-2051 | 867,000 | 559,891 | ||
Micron Technology, Inc. | 5.38 | 4-15-2028 | 8,864,000 | 8,714,026 | ||
Micron Technology, Inc. | 5.88 | 2-9-2033 | 1,041,000 | 1,029,380 | ||
QUALCOMM, Inc. | 6.00 | 5-20-2053 | 3,987,000 | 4,295,142 | ||
Texas Instruments, Inc. | 4.90 | 3-14-2033 | 7,068,000 | 7,101,743 | ||
Texas Instruments, Inc. | 5.00 | 3-14-2053 | 4,418,000 | 4,295,104 | ||
Texas Instruments, Inc. | 5.05 | 5-18-2063 | 2,648,000 | 2,537,006 | ||
43,797,682 | ||||||
Software: 0.74% | ||||||
Fiserv, Inc. | 5.38 | 8-21-2028 | 5,218,000 | 5,232,001 | ||
Fiserv, Inc. | 5.60 | 3-2-2033 | 904,000 | 909,448 | ||
Fiserv, Inc. | 5.63 | 8-21-2033 | 5,218,000 | 5,257,257 | ||
Oracle Corp. | 4.00 | 7-15-2046 | 3,073,000 | 2,312,189 | ||
Oracle Corp. | 4.38 | 5-15-2055 | 1,067,000 | 819,775 | ||
Oracle Corp. | 5.55 | 2-6-2053 | 2,355,000 | 2,189,175 | ||
Oracle Corp. | 6.90 | 11-9-2052 | 3,956,000 | 4,308,446 | ||
VMware, Inc. | 1.00 | 8-15-2024 | 5,502,000 | 5,258,381 | ||
VMware, Inc. | 1.40 | 8-15-2026 | 5,147,000 | 4,563,914 | ||
VMware, Inc. | 4.70 | 5-15-2030 | 3,180,000 | 2,997,148 | ||
33,847,734 | ||||||
Utilities: 2.03% | ||||||
Electric: 2.03% | ||||||
American Transmission Systems, Inc.144A | 2.65 | 1-15-2032 | 1,100,000 | 900,829 | ||
Baltimore Gas & Electric Co. | 2.25 | 6-15-2031 | 2,362,000 | 1,932,969 | ||
Baltimore Gas & Electric Co. | 5.40 | 6-1-2053 | 2,646,000 | 2,609,401 | ||
CenterPoint Energy Houston Electric LLC Series AH | 3.60 | 3-1-2052 | 1,744,000 | 1,291,371 |
See accompanying notes to portfolio of investments
18 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Electric (continued) | ||||||
Commonwealth Edison Co. | 5.30 % | 2-1-2053 | $ | 709,000 | $694,228 | |
Consolidated Edison Co. of New York, Inc. | 5.20 | 3-1-2033 | 4,943,000 | 4,935,923 | ||
Consumers Energy Co. | 2.50 | 5-1-2060 | 1,436,000 | 793,547 | ||
DTE Electric Co. | 2.95 | 3-1-2050 | 2,757,000 | 1,829,318 | ||
DTE Electric Co. Series B | 3.65 | 3-1-2052 | 1,262,000 | 941,620 | ||
Duke Energy Carolinas LLC | 2.55 | 4-15-2031 | 1,607,000 | 1,360,391 | ||
Duke Energy Carolinas LLC | 2.85 | 3-15-2032 | 2,934,000 | 2,475,820 | ||
Duke Energy Carolinas LLC | 3.55 | 3-15-2052 | 2,136,000 | 1,553,348 | ||
Duke Energy Carolinas LLC | 4.95 | 1-15-2033 | 2,631,000 | 2,591,584 | ||
Duke Energy Carolinas LLC | 5.35 | 1-15-2053 | 3,540,000 | 3,440,786 | ||
Duke Energy Corp. | 2.55 | 6-15-2031 | 1,729,000 | 1,412,200 | ||
Duke Energy Corp. | 3.50 | 6-15-2051 | 487,000 | 334,852 | ||
Duke Energy Florida LLC | 2.40 | 12-15-2031 | 2,355,000 | 1,921,945 | ||
Duke Energy Progress LLC | 2.50 | 8-15-2050 | 2,382,000 | 1,404,170 | ||
Duke Energy Progress LLC | 5.25 | 3-15-2033 | 1,757,000 | 1,758,323 | ||
Entergy Arkansas LLC | 2.65 | 6-15-2051 | 2,126,000 | 1,269,152 | ||
Entergy Arkansas LLC | 5.15 | 1-15-2033 | 3,542,000 | 3,510,410 | ||
Eversource Energy Series R | 1.65 | 8-15-2030 | 2,683,000 | 2,110,828 | ||
Exelon Corp. | 5.30 | 3-15-2033 | 1,434,000 | 1,415,815 | ||
Exelon Corp. | 5.60 | 3-15-2053 | 1,159,000 | 1,118,215 | ||
Jersey Central Power & Light Co.144A | 2.75 | 3-1-2032 | 2,594,000 | 2,112,043 | ||
Metropolitan Edison Co.144A | 4.30 | 1-15-2029 | 2,776,000 | 2,628,241 | ||
Metropolitan Edison Co.144A | 5.20 | 4-1-2028 | 2,657,000 | 2,623,865 | ||
MidAmerican Energy Co. | 2.70 | 8-1-2052 | 2,047,000 | 1,242,181 | ||
Mississippi Power Co. Series 12-A | 4.25 | 3-15-2042 | 1,085,000 | 887,423 | ||
Mississippi Power Co. Series B | 3.10 | 7-30-2051 | 2,832,000 | 1,807,457 | ||
NSTAR Electric Co. | 3.10 | 6-1-2051 | 1,457,000 | 976,045 | ||
Pacific Gas & Electric Co. | 2.10 | 8-1-2027 | 1,264,000 | 1,091,376 | ||
Pacific Gas & Electric Co. | 3.95 | 12-1-2047 | 5,363,000 | 3,574,513 | ||
Pacific Gas & Electric Co. | 4.20 | 6-1-2041 | 1,371,000 | 991,979 | ||
Pacific Gas & Electric Co. | 4.50 | 7-1-2040 | 813,000 | 626,094 | ||
Pacific Gas & Electric Co. | 4.75 | 2-15-2044 | 794,000 | 607,104 | ||
Pacific Gas & Electric Co. | 4.95 | 7-1-2050 | 7,550,000 | 5,837,852 | ||
Pacific Gas & Electric Co. | 6.10 | 1-15-2029 | 1,757,000 | 1,736,366 | ||
PacifiCorp. | 5.50 | 5-15-2054 | 2,824,000 | 2,501,110 | ||
PECO Energy Co. | 2.85 | 9-15-2051 | 2,848,000 | 1,794,094 | ||
Pennsylvania Electric Co.144A | 3.25 | 3-15-2028 | 2,301,000 | 2,094,981 | ||
Pennsylvania Electric Co.144A | 5.15 | 3-30-2026 | 1,772,000 | 1,743,285 | ||
Public Service Co. of Oklahoma Series K | 3.15 | 8-15-2051 | 1,598,000 | 1,043,870 | ||
Public Service Electric & Gas Co. | 1.90 | 8-15-2031 | 4,013,000 | 3,206,256 | ||
Public Service Electric & Gas Co. | 2.05 | 8-1-2050 | 655,000 | 368,229 | ||
Public Service Electric & Gas Co. | 2.70 | 5-1-2050 | 1,104,000 | 705,830 | ||
Public Service Electric & Gas Co. | 5.20 | 8-1-2033 | 4,344,000 | 4,384,573 | ||
Public Service Electric & Gas Co. | 5.45 | 8-1-2053 | 1,390,000 | 1,410,057 | ||
Southern California Edison Co. Series C | 4.13 | 3-1-2048 | 1,779,000 | 1,402,070 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 19
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Electric (continued) | ||||||
Virginia Electric & Power Co. | 2.95 % | 11-15-2051 | $ | 2,362,000 | $1,511,135 | |
Virginia Electric & Power Co. | 5.45 | 4-1-2053 | 798,000 | 772,348 | ||
93,287,422 | ||||||
Total corporate bonds and notes (Cost $905,591,993) | 854,497,061 | |||||
Municipal obligations: 0.35% | ||||||
Nevada: 0.08% | ||||||
Airport revenue: 0.08% | ||||||
County of Clark Department of Aviation Series C | 6.82 | 7-1-2045 | 3,365,000 | 3,973,835 | ||
New York: 0.11% | ||||||
Airport revenue: 0.11% | ||||||
Port Authority of New York & New Jersey | 4.46 | 10-1-2062 | 5,505,000 | 4,894,694 | ||
Ohio: 0.04% | ||||||
Education revenue: 0.04% | ||||||
Ohio State University Series A | 4.80 | 6-1-2111 | 1,957,000 | 1,704,513 | ||
Texas: 0.12% | ||||||
Education revenue: 0.02% | ||||||
Board of Regents of the University of Texas System Series B | 2.44 | 8-15-2049 | 1,695,000 | 1,092,377 | ||
Transportation revenue: 0.10% | ||||||
North Texas Tollway Authority North Texas Tollway System Series B | 6.72 | 1-1-2049 | 3,609,000 | 4,337,824 | ||
5,430,201 | ||||||
Total municipal obligations (Cost $17,132,794) | 16,003,243 | |||||
Non-agency mortgage-backed securities: 2.58% | ||||||
Angel Oak Mortgage Trust Series 2020-2 Class A1A144A±± | 2.53 | 1-26-2065 | 1,230,804 | 1,122,946 | ||
Angel Oak Mortgage Trust Series 2020-5 Class A1144A±± | 1.37 | 5-25-2065 | 454,967 | 417,085 | ||
Angel Oak Mortgage Trust Series 2021-6 Class A1144A±± | 1.46 | 9-25-2066 | 2,575,604 | 2,032,613 | ||
BBCMS Mortgage Trust Series 2018-C2 Class ASB | 4.24 | 12-15-2051 | 1,120,628 | 1,077,432 | ||
Bunker Hill Loan Depositary Trust Series 2019-2 Class A1144A | 2.88 | 7-25-2049 | 1,744,332 | 1,622,470 | ||
Bunker Hill Loan Depositary Trust Series 2019-3 Class A1144A | 2.72 | 11-25-2059 | 918,905 | 880,834 | ||
BX Commercial Mortgage Trust Series 2021-VOLT Class A (U.S. SOFR 1 Month+0.81%)144A± | 6.12 | 9-15-2036 | 10,912,000 | 10,617,556 | ||
BX Commercial Mortgage Trust Series 2021-XL2 Class A (U.S. SOFR 1 Month+0.80%)144A± | 6.11 | 10-15-2038 | 3,793,925 | 3,702,275 | ||
CFCRE Commercial Mortgage Trust Series 2017-C8 Class ASB | 3.37 | 6-15-2050 | 1,180,717 | 1,128,693 | ||
COLT Mortgage Loan Trust Series 2021-2 Class A1144A±± | 0.92 | 8-25-2066 | 3,539,210 | 2,709,547 | ||
COLT Mortgage Loan Trust Series 2021-4 Class A1144A±± | 1.40 | 10-25-2066 | 3,698,486 | 2,893,980 | ||
COMM Mortgage Trust Series 2013-CR13 Class A4±± | 4.19 | 11-10-2046 | 1,746,000 | 1,735,675 | ||
COMM Mortgage Trust Series 2014-UBS4 Class A4 | 3.42 | 8-10-2047 | 3,937,000 | 3,832,439 | ||
COMM Mortgage Trust Series 2015-LC23 Class A3 | 3.52 | 10-10-2048 | 1,901,886 | 1,838,172 | ||
EQUS Mortgage Trust Series 2021-EQAZ Class A (U.S. SOFR 1 Month+0.87%)144A± | 6.18 | 10-15-2038 | 4,122,917 | 4,029,734 |
See accompanying notes to portfolio of investments
20 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Non-agency mortgage-backed securities (continued) | ||||||
GS Mortgage Securities Trust Series 2014-GC18 Class A4 | 4.07 % | 1-10-2047 | $ | 5,471,323 | $5,423,915 | |
GS Mortgage Securities Trust Series 2015-GC32 Class A3 | 3.50 | 7-10-2048 | 1,781,073 | 1,700,373 | ||
GS Mortgage Securities Trust Series 2020-GSA2 Class A4 | 1.72 | 12-12-2053 | 5,595,000 | 4,383,734 | ||
Impact Funding Affordable Multifamily Housing Mortgage Loan Trust Series 2010-1 Class A1144A | 5.31 | 1-25-2051 | 2,376,794 | 2,305,367 | ||
JP Morgan Chase Commercial Mortgage Securities Trust Series 2013-C16 Class A4 | 4.17 | 12-15-2046 | 1,070,121 | 1,064,755 | ||
JP Morgan Chase Commercial Mortgage Securities Trust Series 2016-JP4 Class A3 | 3.39 | 12-15-2049 | 1,080,000 | 1,006,366 | ||
JPMBB Commercial Mortgage Securities Trust Series 2013-C17 Class A4 | 4.20 | 1-15-2047 | 987,569 | 980,421 | ||
JPMBB Commercial Mortgage Securities Trust Series 2014-C23 Class A4 | 3.67 | 9-15-2047 | 1,623,137 | 1,586,816 | ||
JPMBB Commercial Mortgage Securities Trust Series 2015-C28 Class A3 | 2.91 | 10-15-2048 | 5,974,650 | 5,765,629 | ||
JPMBB Commercial Mortgage Securities Trust Series 2015-C30 Class A5 | 3.82 | 7-15-2048 | 3,008,000 | 2,839,768 | ||
Med Trust Series 2021-MDLN Class A (U.S. SOFR 1 Month+1.06%)144A± | 6.37 | 11-15-2038 | 6,630,180 | 6,463,797 | ||
MFA Trust Series 2021-NQM2 Class A1144A±± | 1.03 | 11-25-2064 | 1,421,790 | 1,174,421 | ||
Morgan Stanley Capital I Trust Series 2020-HR8 Class A3 | 1.79 | 7-15-2053 | 3,030,000 | 2,396,563 | ||
New Residential Mortgage Loan Trust Series 2019-NQM4 Class A1144A±± | 2.49 | 9-25-2059 | 726,568 | 672,222 | ||
NewRez Warehouse Securitization Trust Series 2021-1 Class A (U.S. SOFR 1 Month+0.86%)144A± | 6.18 | 5-25-2055 | 8,916,267 | 8,873,070 | ||
STAR Trust Series 2021-1 Class A1144A±± | 1.22 | 5-25-2065 | 1,262,663 | 1,079,080 | ||
Starwood Mortgage Residential Trust Series 2020-1 Class A1144A±± | 2.28 | 2-25-2050 | 247,949 | 229,343 | ||
Starwood Mortgage Residential Trust Series 2020-3 Class A1144A±± | 1.49 | 4-25-2065 | 1,207,150 | 1,113,028 | ||
Starwood Mortgage Residential Trust Series 2020-INV1 Class A1144A±± | 1.03 | 11-25-2055 | 1,047,421 | 920,505 | ||
Starwood Mortgage Residential Trust Series 2021-4 Class A1144A±± | 1.16 | 8-25-2056 | 3,343,748 | 2,768,448 | ||
Verus Securitization Trust Series 2019-4 Class A1144A | 2.64 | 11-25-2059 | 1,205,047 | 1,148,018 | ||
Verus Securitization Trust Series 2019-INV3 Class A1144A±± | 2.69 | 11-25-2059 | 485,281 | 465,093 | ||
Verus Securitization Trust Series 2020-2 Class A1144A±± | 2.23 | 5-25-2060 | 669,828 | 652,868 | ||
Verus Securitization Trust Series 2021-1 Class A1144A±± | 0.82 | 1-25-2066 | 1,760,846 | 1,493,306 | ||
Verus Securitization Trust Series 2021-2 Class A1144A±± | 1.03 | 2-25-2066 | 3,259,493 | 2,738,861 | ||
Verus Securitization Trust Series 2021-3 Class A1144A±± | 1.05 | 6-25-2066 | 2,428,732 | 2,034,617 | ||
Verus Securitization Trust Series 2021-4 Class A1144A±± | 0.94 | 7-25-2066 | 3,100,176 | 2,401,170 | ||
Verus Securitization Trust Series 2021-5 Class A1144A±± | 1.01 | 9-25-2066 | 7,689,707 | 6,205,693 | ||
Verus Securitization Trust Series 2021-7 Class A1144A±± | 1.83 | 10-25-2066 | 3,308,215 | 2,804,487 | ||
Verus Securitization Trust Series 2021-8 Class A1144A±± | 1.82 | 11-25-2066 | 3,266,791 | 2,736,294 | ||
Verus Securitization Trust Series 2021-R1 Class A1144A±± | 0.82 | 10-25-2063 | 1,447,395 | 1,289,987 | ||
Verus Securitization Trust Series 2021-R3 Class A1144A±± | 1.02 | 4-25-2064 | 1,469,217 | 1,292,543 | ||
Visio Trust Series 2020-1R Class A1144A | 1.31 | 11-25-2055 | 1,121,519 | 990,055 | ||
Total non-agency mortgage-backed securities (Cost $131,061,155) | 118,642,064 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 21
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
U.S. Treasury securities: 25.76% | ||||||
U.S. Treasury Bonds | 1.13 % | 5-15-2040 | $ | 5,206,000 | $3,224,263 | |
U.S. Treasury Bonds | 1.13 | 8-15-2040 | 85,421,000 | 52,443,822 | ||
U.S. Treasury Bonds## | 1.38 | 11-15-2040 | 141,118,000 | 90,089,511 | ||
U.S. Treasury Bonds | 1.75 | 8-15-2041 | 87,846,000 | 59,024,963 | ||
U.S. Treasury Bonds | 1.88 | 2-15-2041 | 25,062,000 | 17,392,637 | ||
U.S. Treasury Bonds | 2.00 | 11-15-2041 | 72,211,000 | 50,527,955 | ||
U.S. Treasury Bonds | 2.00 | 8-15-2051 | 22,967,000 | 14,581,353 | ||
U.S. Treasury Bonds | 2.25 | 5-15-2041 | 19,199,000 | 14,146,513 | ||
U.S. Treasury Bonds | 2.38 | 2-15-2042 | 12,685,000 | 9,436,946 | ||
U.S. Treasury Bonds | 2.88 | 5-15-2052 | 13,255,000 | 10,289,711 | ||
U.S. Treasury Bonds | 3.00 | 8-15-2052 | 54,456,000 | 43,396,752 | ||
U.S. Treasury Bonds | 3.63 | 2-15-2053 | 13,016,000 | 11,726,602 | ||
U.S. Treasury Bonds | 3.63 | 5-15-2053 | 49,822,000 | 44,933,216 | ||
U.S. Treasury Bonds | 3.88 | 2-15-2043 | 9,593,000 | 8,925,987 | ||
U.S. Treasury Bonds | 3.88 | 5-15-2043 | 56,581,000 | 52,629,171 | ||
U.S. Treasury Bonds | 4.13 | 8-15-2053 | 13,321,000 | 13,148,413 | ||
U.S. Treasury Bonds | 4.38 | 8-15-2043 | 4,984,000 | 4,970,761 | ||
U.S. Treasury Bonds | 5.25 | 11-15-2028 | 2,064,000 | 2,155,268 | ||
U.S. Treasury Notes | 0.38 | 7-31-2027 | 34,288,000 | 29,388,566 | ||
U.S. Treasury Notes | 1.13 | 2-29-2028 | 12,507,000 | 10,888,418 | ||
U.S. Treasury Notes | 1.13 | 8-31-2028 | 8,274,000 | 7,111,438 | ||
U.S. Treasury Notes | 1.25 | 9-30-2028 | 1,117,000 | 963,980 | ||
U.S. Treasury Notes | 1.38 | 10-31-2028 | 12,370,000 | 10,722,761 | ||
U.S. Treasury Notes## | 1.50 | 8-15-2026 | 77,373,000 | 70,920,212 | ||
U.S. Treasury Notes | 1.75 | 12-31-2026 | 8,357,000 | 7,660,366 | ||
U.S. Treasury Notes | 2.00 | 11-15-2026 | 32,604,000 | 30,184,172 | ||
U.S. Treasury Notes | 2.13 | 5-15-2025 | 10,160,000 | 9,685,734 | ||
U.S. Treasury Notes | 2.38 | 3-31-2029 | 44,344,000 | 40,216,197 | ||
U.S. Treasury Notes | 2.63 | 2-15-2029 | 50,196,000 | 46,211,692 | ||
U.S. Treasury Notes | 2.63 | 7-31-2029 | 8,779,000 | 8,040,330 | ||
U.S. Treasury Notes | 2.75 | 7-31-2027 | 9,559,000 | 8,998,529 | ||
U.S. Treasury Notes | 2.75 | 5-31-2029 | 35,012,000 | 32,342,335 | ||
U.S. Treasury Notes | 2.88 | 4-30-2025 | 16,500,000 | 15,937,324 | ||
U.S. Treasury Notes | 2.88 | 6-15-2025 | 20,650,000 | 19,918,377 | ||
U.S. Treasury Notes | 2.88 | 8-15-2028 | 8,219,000 | 7,705,955 | ||
U.S. Treasury Notes | 3.00 | 7-15-2025 | 9,339,000 | 9,020,161 | ||
U.S. Treasury Notes | 3.25 | 6-30-2029 | 28,783,000 | 27,296,628 | ||
U.S. Treasury Notes## | 3.50 | 4-30-2028 | 74,945,000 | 72,456,592 | ||
U.S. Treasury Notes | 3.88 | 8-15-2033 | 42,935,000 | 42,170,220 | ||
U.S. Treasury Notes | 4.00 | 2-15-2026 | 270,000 | 265,739 | ||
U.S. Treasury Notes | 4.13 | 1-31-2025 | 2,792,000 | 2,753,065 | ||
U.S. Treasury Notes | 4.13 | 7-31-2028 | 6,395,000 | 6,357,529 | ||
U.S. Treasury Notes | 4.13 | 8-31-2030 | 6,538,000 | 6,510,418 | ||
U.S. Treasury Notes | 4.25 | 5-31-2025 | 5,793,000 | 5,722,172 | ||
U.S. Treasury Notes | 4.38 | 10-31-2024 | 1,068,000 | 1,056,945 | ||
U.S. Treasury Notes | 4.38 | 8-15-2026 | 41,645,000 | 41,456,296 | ||
U.S. Treasury Notes## | 4.38 | 8-31-2028 | 62,252,000 | 62,636,212 | ||
U.S. Treasury Notes | 4.50 | 11-30-2024 | 224,000 | 221,988 |
See accompanying notes to portfolio of investments
22 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
U.S. Treasury securities (continued) | ||||||
U.S. Treasury Notes | 4.75 % | 7-31-2025 | $ | 8,564,000 | $8,540,917 | |
U.S. Treasury Notes | 5.00 | 8-31-2025 | 37,819,000 | 37,926,843 | ||
Total U.S. Treasury securities (Cost $1,278,311,671) | 1,184,331,955 | |||||
Yankee corporate bonds and notes: 3.90% | ||||||
Basic materials: 0.40% | ||||||
Mining: 0.40% | ||||||
Anglo American Capital PLC144A | 4.75 | 3-16-2052 | 4,986,000 | 4,003,574 | ||
Anglo American Capital PLC144A | 5.50 | 5-2-2033 | 2,483,000 | 2,396,927 | ||
BHP Billiton Finance USA Ltd. | 4.88 | 2-27-2026 | 8,827,000 | 8,765,201 | ||
Glencore Finance Canada Ltd.144A | 5.55 | 10-25-2042 | 794,000 | 724,987 | ||
Glencore Finance Canada Ltd.144A | 6.00 | 11-15-2041 | 646,000 | 622,067 | ||
Glencore Finance Canada Ltd.144A | 6.90 | 11-15-2037 | 1,826,000 | 1,933,325 | ||
18,446,081 | ||||||
Consumer, cyclical: 0.12% | ||||||
Airlines: 0.12% | ||||||
Delta Air Lines, Inc./SkyMiles IP Ltd.144A | 4.75 | 10-20-2028 | 5,830,000 | 5,598,297 | ||
Consumer, non-cyclical: 0.79% | ||||||
Agriculture: 0.15% | ||||||
BAT International Finance PLC | 5.93 | 2-2-2029 | 6,592,000 | 6,566,001 | ||
Commercial services: 0.02% | ||||||
Adani International Container Terminal Pvt Ltd.144A | 3.00 | 2-16-2031 | 1,310,280 | 993,036 | ||
Healthcare-products: 0.09% | ||||||
DH Europe Finance II Sarl | 2.20 | 11-15-2024 | 4,346,000 | 4,180,544 | ||
Pharmaceuticals: 0.53% | ||||||
Pfizer Investment Enterprises Pte. Ltd. | 4.75 | 5-19-2033 | 13,957,000 | 13,734,430 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.30 | 5-19-2053 | 5,789,000 | 5,791,106 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.34 | 5-19-2063 | 2,650,000 | 2,611,109 | ||
Shire Acquisitions Investments Ireland DAC | 2.88 | 9-23-2023 | 1,303,000 | 1,300,584 | ||
Takeda Pharmaceutical Co. Ltd. | 4.40 | 11-26-2023 | 986,000 | 982,321 | ||
24,419,550 | ||||||
Energy: 0.42% | ||||||
Oil & gas: 0.26% | ||||||
Aker BP ASA144A | 5.60 | 6-13-2028 | 5,223,000 | 5,177,713 | ||
Aker BP ASA144A | 6.00 | 6-13-2033 | 4,370,000 | 4,368,719 | ||
Petroleos Mexicanos | 2.38 | 4-15-2025 | 725,800 | 704,522 | ||
Petroleos Mexicanos | 2.46 | 12-15-2025 | 2,016,250 | 1,936,460 | ||
12,187,414 | ||||||
Pipelines: 0.16% | ||||||
Galaxy Pipeline Assets Bidco Ltd.144A | 1.75 | 9-30-2027 | 1,560,850 | 1,439,903 | ||
Galaxy Pipeline Assets Bidco Ltd.144A | 2.16 | 3-31-2034 | 3,232,592 | 2,713,412 |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 23
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Pipelines (continued) | ||||||
Galaxy Pipeline Assets Bidco Ltd.144A | 2.63 % | 3-31-2036 | $ | 2,354,000 | $1,860,429 | |
Galaxy Pipeline Assets Bidco Ltd.144A | 2.94 | 9-30-2040 | 1,467,518 | 1,154,665 | ||
7,168,409 | ||||||
Financial: 1.95% | ||||||
Banks: 1.68% | ||||||
Banco Santander SA | 6.92 | 8-8-2033 | 3,000,000 | 2,999,007 | ||
Bank of Nova Scotia | 5.25 | 6-12-2028 | 5,223,000 | 5,177,067 | ||
Barclays PLC (1 Year Treasury Constant Maturity+3.50%)± | 7.44 | 11-2-2033 | 5,648,000 | 6,044,866 | ||
Barclays PLC (U.S. SOFR+2.98%)± | 6.22 | 5-9-2034 | 5,396,000 | 5,329,088 | ||
BNP Paribas SA (1 Year Treasury Constant Maturity+1.50%)144A± | 5.34 | 6-12-2029 | 6,962,000 | 6,859,961 | ||
Cooperatieve Rabobank UA (1 Year Treasury Constant Maturity+1.40%)144A± | 5.56 | 2-28-2029 | 12,323,000 | 12,176,120 | ||
Credit Suisse Group AG144A | 4.28 | 1-9-2028 | 8,166,000 | 7,638,998 | ||
Credit Suisse Group AG (U.S. SOFR+3.70%)144A± | 6.44 | 8-11-2028 | 3,031,000 | 3,086,415 | ||
Credit Suisse Group AG (U.S. SOFR+3.73%)144A± | 4.19 | 4-1-2031 | 4,092,000 | 3,684,548 | ||
Deutsche Bank AG (U.S. SOFR+2.26%)± | 3.74 | 1-7-2033 | 6,840,000 | 5,136,356 | ||
HSBC Holdings PLC (U.S. SOFR+2.65%)± | 6.33 | 3-9-2044 | 1,957,000 | 1,973,385 | ||
Macquarie Group Ltd. (U.S. SOFR+2.38%)144A± | 5.89 | 6-15-2034 | 1,069,000 | 1,038,427 | ||
Mizuho Financial Group, Inc. (1 Year Treasury Constant Maturity+1.90%)± | 5.75 | 7-6-2034 | 3,571,000 | 3,536,250 | ||
Sumitomo Mitsui Financial Group, Inc. | 6.18 | 7-13-2043 | 1,745,000 | 1,753,730 | ||
Svenska Handelsbanken AB144A | 5.50 | 6-15-2028 | 3,397,000 | 3,346,787 | ||
Swedbank AB144A | 5.47 | 6-15-2026 | 7,501,000 | 7,462,660 | ||
77,243,665 | ||||||
Diversified financial services: 0.24% | ||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | 1.15 | 10-29-2023 | 10,944,000 | 10,860,141 | ||
REITS: 0.03% | ||||||
Trust Fibra Uno144A | 6.39 | 1-15-2050 | 1,883,000 | 1,516,986 | ||
Industrial: 0.09% | ||||||
Transportation: 0.09% | ||||||
Canadian Pacific Railway Co. | 1.35 | 12-2-2024 | 3,934,000 | 3,728,941 | ||
Canadian Pacific Railway Co. | 1.75 | 12-2-2026 | 761,000 | 683,873 | ||
4,412,814 | ||||||
Technology: 0.10% | ||||||
Semiconductors: 0.10% | ||||||
NXP BV/NXP Funding LLC/NXP USA, Inc. | 2.50 | 5-11-2031 | 1,763,000 | 1,425,142 | ||
NXP BV/NXP Funding LLC/NXP USA, Inc. | 3.25 | 5-11-2041 | 1,735,000 | 1,235,689 | ||
NXP BV/NXP Funding LLC/NXP USA, Inc. | 4.40 | 6-1-2027 | 1,917,000 | 1,843,511 | ||
4,504,342 |
See accompanying notes to portfolio of investments
24 | Allspring Core Bond Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Utilities: 0.03% | ||||||
Electric: 0.03% | ||||||
Israel Electric Corp. Ltd.144A | 3.75 % | 2-22-2032 | $ | 1,561,000 | $1,320,669 | |
Total yankee corporate bonds and notes (Cost $185,445,283) | 179,417,949 | |||||
Yankee government bonds: 0.66% | ||||||
Bermuda144A | 5.00 | 7-15-2032 | 1,432,000 | 1,372,572 | ||
Export Finance & Insurance Corp.144A | 4.63 | 10-26-2027 | 5,920,000 | 5,927,349 | ||
Israel | 4.50 | 1-17-2033 | 4,299,000 | 4,126,550 | ||
Mexico | 3.50 | 2-12-2034 | 6,436,000 | 5,333,763 | ||
Mexico | 3.75 | 4-19-2071 | 3,462,000 | 2,220,003 | ||
Mexico | 3.77 | 5-24-2061 | 1,217,000 | 799,785 | ||
Mexico | 6.34 | 5-4-2053 | 4,294,000 | 4,286,305 | ||
Panama | 6.85 | 3-28-2054 | 942,000 | 963,046 | ||
Paraguay144A | 5.85 | 8-21-2033 | 4,021,000 | 3,956,269 | ||
Paraguay 144A | 5.40 | 3-30-2050 | 1,461,000 | 1,218,694 | ||
Total yankee government bonds (Cost $31,743,395) | 30,204,336 |
Yield | Shares | |||||
Short-term investments: 4.36% | ||||||
Investment companies: 4.36% | ||||||
Allspring Government Money Market Fund Select Class♠∞## | 5.26 | 200,616,309 | 200,616,309 | |||
Total short-term investments (Cost $200,616,309) | 200,616,309 | |||||
Total investments in securities (Cost $5,265,645,677) | 108.84 % | 5,003,060,742 |
Interest rate | ||||||
Securities sold short: (0.25)% | ||||||
Agency securities: (0.25)% | ||||||
FNMA | 3.50 | 9-14-2053 | (13,100,000 ) | (11,708,637 ) | ||
Total agency securities (Cost $(11,806,887)) | (11,708,637 ) | |||||
Total securities sold short (proceeds $(11,806,887)) | (0.25 )% | (11,708,637 ) | ||||
Other assets and liabilities, net | (8.59 ) | (395,044,186 ) | ||||
Total net assets | 100.00 % | $4,596,307,919 |
¤ | The security is issued in zero coupon form with no periodic interest payments. |
± | Variable rate investment. The rate shown is the rate in effect at period end. |
%% | The security is purchased on a when-issued basis. |
±± | The coupon of the security is adjusted based on the principal and/or interest payments received from the underlying pool of mortgages as well as the credit quality and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end. |
144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of 1933. |
## | All or a portion of this security is segregated as collateral for when-issued securities. |
♠ | 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. |
See accompanying notes to portfolio of investments
Allspring Core Bond Portfolio | 25
Portfolio of investments—August 31, 2023 (unaudited)
Abbreviations: | |
FHLB | Federal Home Loan Bank |
FHLMC | Federal Home Loan Mortgage Corporation |
FNMA | Federal National Mortgage Association |
GNMA | Government National Mortgage Association |
LIBOR | London Interbank Offered Rate |
REIT | Real estate investment trust |
SOFR | Secured Overnight Financing Rate |
STRIPS | Separate trading of registered interest and principal securities |
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 | $117,290,523 | $715,904,562 | $(632,578,776 ) | $0 | $0 | $200,616,309 | 200,616,309 | $1,894,539 |
See accompanying notes to portfolio of investments
26 | Allspring Core Bond Portfolio
Notes to portfolio of investments—August 31, 2023 (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 Portfolio may deviate from this calculation time under unusual or unexpected circumstances.
Debt securities are valued at the evaluated bid price provided by an independent pricing service (e.g. taking into account various factors, including yields, maturities, or credit ratings) or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.
Investments in registered open-end investment companies (other than those listed on a foreign or domestic exchange or market) are valued at net asset value.
Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, LLC (“Allspring Funds Management”), which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management’s process for determining the fair value of the portfolio of investments.
When-issued transactions
The Portfolio may purchase securities on a forward commitment or when-issued basis. The Portfolio records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Portfolio’s commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Portfolio 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.
TBA sale commitments
The Portfolio may enter into To Be Announced (“TBA”) sale commitments to hedge its portfolio positions or to sell mortgage-backed securities it owns under delayed delivery arrangements. Proceeds of TBA sale commitments are not received until the contractual settlement date. During the time a TBA sale commitment is outstanding, equivalent deliverable securities or offsetting TBA purchase commitments, which are deliverable on or before the sale commitment date, are held as “cover” for the transaction. Unsettled TBA sale commitments are valued at the current market value of the underlying securities, according to the procedures described under “Securities valuation”. The contract is marked-to-market daily and the change in market value is recorded by the Portfolio as an unrealized gain or loss. If the TBA sale commitment is closed through the acquisition of an offsetting purchase commitment, the Portfolio realizes a gain or loss. If the Portfolio delivers securities under the commitment, the Portfolio realizes a gain or a loss from the sale of the securities based upon the unit price established at the date the commitment was entered into.
Mortgage dollar roll transactions
The Portfolio may engage in mortgage dollar roll transactions through TBA mortgage-backed securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). In a mortgage dollar roll transaction, the Portfolio sells a mortgage-backed security to a financial institution, such as a bank or broker-dealer and simultaneously agrees to repurchase a substantially similar security from the institution at a later date at an agreed upon price. The mortgage-backed securities that are repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different pre-payment histories. During the roll period, the Portfolio foregoes principal and interest paid on the securities. The Portfolio is compensated by the difference between the current sales price and the forward price for the future purchase as well as by the earnings on the cash proceeds of the initial sale. Mortgage dollar rolls may be renewed without physical delivery of the securities subject to the contract. The Portfolio accounts for TBA dollar roll transactions as purchases and sales which, as a result, may increase its portfolio turnover rate.
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)
Allspring Core Bond Portfolio | 27
Notes to portfolio of investments—August 31, 2023 (unaudited)
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used in valuing the Portfolio’s assets and liabilities as of August 31, 2023:
Quoted prices (Level 1) | Other significant observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total | |
Assets | ||||
Investments in: | ||||
Agency securities | $0 | $1,908,331,103 | $0 | $1,908,331,103 |
Asset-backed securities | 0 | 511,016,722 | 0 | 511,016,722 |
Corporate bonds and notes | 0 | 854,497,061 | 0 | 854,497,061 |
Municipal obligations | 0 | 16,003,243 | 0 | 16,003,243 |
Non-agency mortgage-backed securities | 0 | 118,642,064 | 0 | 118,642,064 |
U.S. Treasury securities | 1,184,331,955 | 0 | 0 | 1,184,331,955 |
Yankee corporate bonds and notes | 0 | 179,417,949 | 0 | 179,417,949 |
Yankee government bonds | 0 | 30,204,336 | 0 | 30,204,336 |
Short-term investments | ||||
Investment companies | 200,616,309 | 0 | 0 | 200,616,309 |
Total assets | $1,384,948,264 | $3,618,112,478 | $0 | $5,003,060,742 |
Liabilities | ||||
Securities sold short | ||||
Agency securities | $0 | $11,708,637 | $0 | $11,708,637 |
Total liabilities | $0 | $11,708,637 | $0 | $11,708,637 |
Additional sector, industry or geographic detail, if any, is included in the Portfolio of Investments.
For the three months ended August 31, 2023, the Portfolio did not have any transfers into/out of Level 3.
28 | Allspring Core Bond Portfolio