Portfolio of investments—August 31, 2023 (unaudited)
Portfolio of investments
Interest rate | Maturity date | Principal | Value | |||
Agency securities: 20.09% | ||||||
FHLMC | 2.00 % | 12-1-2051 | $ | 2,348,676 | $1,885,276 | |
FHLMC | 2.50 | 12-1-2051 | 2,817,323 | 2,349,247 | ||
FHLMC | 2.50 | 1-1-2052 | 3,456,813 | 2,892,137 | ||
FHLMC | 3.00 | 7-1-2046 | 581,394 | 512,032 | ||
FHLMC | 3.00 | 11-1-2049 | 1,241,643 | 1,079,950 | ||
FHLMC | 3.00 | 12-1-2049 | 1,203,530 | 1,046,417 | ||
FHLMC | 3.50 | 4-1-2043 | 343,778 | 316,996 | ||
FHLMC | 3.50 | 5-1-2044 | 216,689 | 199,807 | ||
FHLMC | 3.50 | 6-1-2046 | 145,911 | 132,986 | ||
FHLMC | 3.50 | 2-1-2047 | 835,551 | 761,493 | ||
FHLMC | 3.50 | 4-1-2047 | 167,711 | 152,866 | ||
FHLMC | 3.50 | 12-1-2047 | 639,874 | 584,090 | ||
FHLMC | 3.50 | 3-1-2048 | 675,490 | 614,670 | ||
FHLMC | 3.50 | 8-1-2049 | 170,987 | 155,145 | ||
FHLMC | 4.00 | 4-1-2044 | 248,820 | 236,671 | ||
FHLMC | 4.00 | 8-1-2044 | 140,028 | 133,192 | ||
FHLMC | 4.00 | 6-1-2048 | 721,758 | 681,135 | ||
FHLMC | 4.50 | 8-1-2048 | 1,017,595 | 982,868 | ||
FHLMC | 4.50 | 11-1-2048 | 2,423,432 | 2,341,800 | ||
FHLMC Structured Pass-Through Certificates Series T-20 Class A6±± | 7.99 | 9-25-2029 | 3,941 | 3,835 | ||
FHLMC Structured Pass-Through Certificates Series T-58 Class 4A | 7.50 | 9-25-2043 | 467,915 | 472,282 | ||
FNMA | 1.47 | 11-1-2029 | 2,020,000 | 1,653,062 | ||
FNMA | 2.00 | 12-1-2051 | 2,053,709 | 1,655,721 | ||
FNMA | 2.27 | 4-1-2029 | 710,000 | 621,570 | ||
FNMA | 2.50 | 8-1-2031 | 126,879 | 116,789 | ||
FNMA | 2.50 | 2-1-2035 | 1,229,558 | 1,111,328 | ||
FNMA | 2.50 | 12-1-2051 | 2,324,254 | 1,937,550 | ||
FNMA | 2.50 | 1-1-2052 | 12,713,689 | 10,633,070 | ||
FNMA | 3.00 | 12-1-2032 | 18,142 | 16,922 | ||
FNMA | 3.00 | 7-1-2046 | 201,249 | 176,805 | ||
FNMA | 3.00 | 4-1-2047 | 840,416 | 736,621 | ||
FNMA | 3.00 | 12-1-2049 | 1,019,606 | 886,684 | ||
FNMA | 3.07 | 2-1-2026 | 343,479 | 327,551 | ||
FNMA±± | 3.28 | 11-1-2026 | 1,089,774 | 1,042,133 | ||
FNMA±± | 3.33 | 12-1-2027 | 768,309 | 727,478 | ||
FNMA | 3.35 | 1-1-2028 | 259,717 | 244,803 | ||
FNMA | 3.50 | 10-1-2032 | 247,040 | 230,604 | ||
FNMA | 3.50 | 11-1-2042 | 237,586 | 218,810 | ||
FNMA | 3.50 | 2-1-2043 | 51,940 | 47,834 | ||
FNMA | 3.50 | 11-1-2045 | 541,748 | 493,688 | ||
FNMA | 3.50 | 4-1-2046 | 65,853 | 59,971 | ||
FNMA | 3.50 | 7-1-2046 | 175,947 | 160,140 | ||
FNMA | 3.50 | 11-1-2046 | 243,032 | 221,147 | ||
FNMA | 3.50 | 8-1-2047 | 1,185,276 | 1,078,644 | ||
FNMA | 3.50 | 6-1-2052 | 5,718,443 | 5,170,043 | ||
FNMA | 4.00 | 11-1-2040 | 101,211 | 94,691 | ||
FNMA | 4.00 | 4-1-2041 | 142,272 | 133,109 | ||
FNMA | 4.00 | 8-1-2046 | 160,651 | 152,684 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 1
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Agency securities (continued) | ||||||
FNMA | 4.00 % | 3-1-2049 | $ | 410,777 | $384,419 | |
FNMA | 4.00 | 8-1-2051 | 5,972,647 | 5,557,107 | ||
FNMA | 4.00 | 7-1-2052 | 1,360,649 | 1,259,941 | ||
FNMA | 4.00 | 7-1-2056 | 268,138 | 248,320 | ||
FNMA | 4.50 | 8-1-2048 | 669,692 | 645,767 | ||
FNMA | 4.50 | 1-1-2051 | 6,554,402 | 6,329,786 | ||
FNMA | 4.50 | 10-1-2052 | 539,961 | 515,004 | ||
FNMA | 4.50 | 11-1-2052 | 2,326,884 | 2,218,927 | ||
FNMA | 4.50 | 6-1-2056 | 674,352 | 647,061 | ||
FNMA | 5.00 | 9-1-2033 | 49,966 | 49,932 | ||
FNMA | 5.00 | 8-1-2052 | 831,133 | 811,984 | ||
FNMA | 5.00 | 10-1-2052 | 2,035,595 | 1,985,425 | ||
FNMA | 5.50 | 2-1-2036 | 20,158 | 19,793 | ||
FNMA | 5.50 | 10-1-2052 | 944,281 | 941,752 | ||
FNMA Series 2002-90 Class A2 | 6.50 | 11-25-2042 | 218,492 | 223,244 | ||
FNMA Series 2002-T4 Class A2 | 7.00 | 12-25-2041 | 69,663 | 71,599 | ||
FNMA Series 2002-W4 Class A4 | 6.25 | 5-25-2042 | 643,229 | 644,780 | ||
FNMA Series 2003-W4 Class 3A±± | 5.00 | 10-25-2042 | 110,199 | 110,121 | ||
FNMA Series 2004-T2 Class 1A1 | 6.00 | 11-25-2043 | 236,246 | 235,229 | ||
FNMA Series 2004-T3 Class 1A1 | 6.00 | 2-25-2044 | 390,074 | 385,876 | ||
FNMA Series 2004-W1 Class 2A2 | 7.00 | 12-25-2033 | 59,522 | 61,553 | ||
FNMA Series 2004-W11 Class 1A3 | 7.00 | 5-25-2044 | 404,151 | 401,166 | ||
FNMA Series 2004-W8 Class 3A | 7.50 | 6-25-2044 | 73,786 | 74,960 | ||
GNMA | 6.50 | 10-15-2023 | 95 | 96 | ||
GNMA | 6.50 | 11-15-2023 | 32 | 33 | ||
GNMA | 6.50 | 12-15-2023 | 109 | 110 | ||
GNMA | 6.50 | 1-15-2024 | 90 | 91 | ||
GNMA | 7.00 | 8-15-2027 | 13,266 | 13,379 | ||
Total agency securities (Cost $79,748,435) | 71,321,802 | |||||
Asset-backed securities: 8.41% | ||||||
ECMC Group Student Loan Trust Series 2016-1A Class A (30 Day Average U.S. SOFR+1.46%)144A± | 6.74 | 7-26-2066 | 239,142 | 238,995 | ||
ECMC Group Student Loan Trust Series 2018-2A Class A (30 Day Average U.S. SOFR+0.91%)144A± | 6.20 | 9-25-2068 | 1,689,779 | 1,650,636 | ||
Fifth Third Auto Trust Series 2023-1 Class A3 | 5.53 | 8-15-2028 | 575,000 | 576,542 | ||
Ford Credit Auto Owner Trust Series 2021-1 Class A144A | 1.37 | 10-17-2033 | 1,225,000 | 1,101,736 | ||
Ford Credit Auto Owner Trust Series 2023-2 Class A144A | 5.28 | 2-15-2036 | 1,150,000 | 1,154,307 | ||
Louisiana Local Government Environmental Facilities & CDA Series 2022-ELL Class A3 | 4.28 | 2-1-2036 | 1,365,000 | 1,295,718 | ||
Mississippi Higher Education Assistance Corp. Series 2014-1 Class A1 (30 Day Average U.S. SOFR+0.79%)± | 6.08 | 10-25-2035 | 182,470 | 180,034 | ||
PFS Financing Corp. Series 2023-C Class A144A | 5.52 | 10-16-2028 | 1,090,000 | 1,088,948 | ||
PHEAA Student Loan Trust Series 2016-1A Class A (30 Day Average U.S. SOFR+1.26%)144A± | 6.55 | 9-25-2065 | 494,067 | 493,130 | ||
Rhode Island Student Loan Authority Series 2012-1 Class A1 (30 Day Average U.S. SOFR+1.01%)± | 6.33 | 7-1-2031 | 976,881 | 976,988 | ||
SBA Small Business Investment Cos. Series 2014-10A Class 1 | 3.19 | 3-10-2024 | 57,121 | 56,353 |
See accompanying notes to portfolio of investments
2 | Allspring Managed Fixed Income Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Asset-backed securities (continued) | ||||||
SBA Small Business Investment Cos. Series 2014-10B Class 1 | 3.02 % | 9-10-2024 | $ | 28,002 | $27,274 | |
SBA Small Business Investment Cos. Series 2015-10B Class 1 | 2.83 | 9-10-2025 | 60,050 | 57,227 | ||
SBA Small Business Investment Cos. Series 2017-10A Class 1 | 2.85 | 3-10-2027 | 131,109 | 122,613 | ||
SBA Small Business Investment Cos. Series 2018-10B Class 1 | 3.55 | 9-10-2028 | 1,977,107 | 1,838,777 | ||
SBA Small Business Investment Cos. Series 2021-10A Class 1 | 1.67 | 3-10-2031 | 572,939 | 492,902 | ||
SBA Small Business Investment Cos. Series 2021-10B Class 1 | 1.30 | 9-10-2031 | 1,662,124 | 1,367,277 | ||
SBA Small Business Investment Cos. Series 2022-10A Class 1 | 2.94 | 3-10-2032 | 3,473,490 | 3,094,955 | ||
SLM Student Loan Trust Series 2003-10A Class A4 (3 Month LIBOR+0.67%)144A± | 6.22 | 12-17-2068 | 1,004,853 | 996,283 | ||
South Carolina Student Loan Corp. Series 2014-1 Class B (30 Day Average U.S. SOFR+1.61%)± | 6.93 | 8-1-2035 | 500,000 | 491,673 | ||
U.S. Small Business Administration Series 2006-20B Class 1 | 5.35 | 2-1-2026 | 37,255 | 36,449 | ||
U.S. Small Business Administration Series 2006-20H Class 1 | 5.70 | 8-1-2026 | 22,944 | 22,618 | ||
U.S. Small Business Administration Series 2007-20J Class 1 | 5.57 | 10-1-2027 | 88,483 | 86,857 | ||
U.S. Small Business Administration Series 2013-20A Class 1 | 2.13 | 1-1-2033 | 116,460 | 104,198 | ||
U.S. Small Business Administration Series 2013-20J Class 1 | 3.37 | 10-1-2033 | 113,416 | 106,123 | ||
U.S. Small Business Administration Series 2014-20A Class 1 | 3.46 | 1-1-2034 | 120,222 | 112,917 | ||
U.S. Small Business Administration Series 2015-20C Class 1 | 2.72 | 3-1-2035 | 161,183 | 147,118 | ||
U.S. Small Business Administration Series 2015-20E Class 1 | 2.77 | 5-1-2035 | 255,448 | 234,428 | ||
U.S. Small Business Administration Series 2015-20F Class 1 | 2.98 | 6-1-2035 | 176,368 | 161,009 | ||
U.S. Small Business Administration Series 2017-20F Class 1 | 2.81 | 6-1-2037 | 142,288 | 128,039 | ||
U.S. Small Business Administration Series 2018-20E Class 1 | 3.50 | 5-1-2038 | 1,297,259 | 1,194,438 | ||
U.S. Small Business Administration Series 2018-20G Class 1 | 3.54 | 7-1-2038 | 1,596,208 | 1,468,174 | ||
U.S. Small Business Administration Series 2018-20H Class 1 | 3.58 | 8-1-2038 | 2,145,628 | 1,973,988 | ||
U.S. Small Business Administration Series 2018-20K Class 1 | 3.87 | 11-1-2038 | 1,428,584 | 1,331,392 | ||
U.S. Small Business Administration Series 2022-25G Class 1 | 3.93 | 7-1-2047 | 1,848,774 | 1,718,438 | ||
U.S. Small Business Administration Series 2022-25L Class 1 | 4.71 | 12-1-2047 | 1,444,636 | 1,417,059 | ||
U.S. Small Business Administration Series 2023-25A Class 1 | 4.91 | 1-1-2048 | 889,462 | 879,869 | ||
U.S. Small Business Administration Series 2023-25D Class 1 | 4.48 | 4-1-2048 | 1,480,000 | 1,428,910 | ||
Total asset-backed securities (Cost $31,793,433) | 29,854,392 | |||||
Corporate bonds and notes: 38.79% | ||||||
Basic materials: 1.74% | ||||||
Chemicals: 1.35% | ||||||
Albemarle Corp. | 5.05 | 6-1-2032 | 190,000 | 178,852 | ||
Ashland LLC144A | 3.38 | 9-1-2031 | 875,000 | 699,563 | ||
Celanese U.S. Holdings LLC | 6.17 | 7-15-2027 | 840,000 | 840,450 | ||
FMC Corp. | 3.20 | 10-1-2026 | 1,120,000 | 1,037,257 | ||
HB Fuller Co. | 4.25 | 10-15-2028 | 375,000 | 334,665 | ||
Ingevity Corp.144A | 3.88 | 11-1-2028 | 200,000 | 169,938 | ||
PPG Industries, Inc. | 2.55 | 6-15-2030 | 770,000 | 651,625 | ||
RPM International, Inc. | 4.55 | 3-1-2029 | 420,000 | 393,858 | ||
Sherwin-Williams Co. | 2.95 | 8-15-2029 | 450,000 | 396,429 | ||
Sherwin-Williams Co. | 3.30 | 2-1-2025 | 100,000 | 96,660 | ||
4,799,297 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 3
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Mining: 0.39% | ||||||
Freeport-McMoRan, Inc. | 4.13 % | 3-1-2028 | $ | 840,000 | $779,136 | |
Newmont Corp. | 2.60 | 7-15-2032 | 725,000 | 583,691 | ||
1,362,827 | ||||||
Communications: 2.14% | ||||||
Advertising: 0.14% | ||||||
Lamar Media Corp. | 4.88 | 1-15-2029 | 550,000 | 511,500 | ||
Internet: 0.08% | ||||||
VeriSign, Inc. | 4.75 | 7-15-2027 | 300,000 | 292,552 | ||
Media: 0.59% | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp.144A | 4.50 | 8-15-2030 | 381,000 | 320,496 | ||
CCO Holdings LLC/CCO Holdings Capital Corp.144A | 5.13 | 5-1-2027 | 925,000 | 869,583 | ||
Charter Communications Operating LLC/Charter Communications Operating Capital | 4.40 | 4-1-2033 | 340,000 | 299,371 | ||
Comcast Corp. | 1.95 | 1-15-2031 | 550,000 | 444,709 | ||
Comcast Corp. | 4.80 | 5-15-2033 | 170,000 | 166,197 | ||
2,100,356 | ||||||
Telecommunications: 1.33% | ||||||
AT&T, Inc. | 2.25 | 2-1-2032 | 460,000 | 358,894 | ||
AT&T, Inc. | 2.75 | 6-1-2031 | 535,000 | 441,987 | ||
AT&T, Inc. | 4.75 | 5-15-2046 | 1,280,000 | 1,068,590 | ||
T-Mobile USA, Inc. | 2.40 | 3-15-2029 | 150,000 | 128,942 | ||
T-Mobile USA, Inc. | 3.38 | 4-15-2029 | 875,000 | 784,316 | ||
Verizon Communications, Inc. | 2.10 | 3-22-2028 | 500,000 | 436,946 | ||
Verizon Communications, Inc. | 2.36 | 3-15-2032 | 470,000 | 371,741 | ||
Verizon Communications, Inc. | 4.81 | 3-15-2039 | 1,228,000 | 1,115,354 | ||
4,706,770 | ||||||
Consumer, cyclical: 2.89% | ||||||
Apparel: 0.53% | ||||||
Hanesbrands, Inc.144A | 4.88 | 5-15-2026 | 1,250,000 | 1,168,499 | ||
William Carter Co.144A | 5.63 | 3-15-2027 | 185,000 | 179,346 | ||
Wolverine World Wide, Inc.144A | 4.00 | 8-15-2029 | 700,000 | 524,307 | ||
1,872,152 | ||||||
Auto manufacturers: 1.50% | ||||||
Allison Transmission, Inc.144A | 4.75 | 10-1-2027 | 1,075,000 | 1,009,257 | ||
BMW U.S. Capital LLC144A | 5.05 | 8-11-2028 | 430,000 | 427,060 | ||
Daimler Truck Finance North America LLC144A | 2.00 | 12-14-2026 | 270,000 | 242,718 | ||
Daimler Truck Finance North America LLC144A | 2.38 | 12-14-2028 | 450,000 | 388,855 | ||
Daimler Truck Finance North America LLC144A | 5.40 | 9-20-2028 | 240,000 | 239,417 | ||
Ford Motor Credit Co. LLC | 4.95 | 5-28-2027 | 1,200,000 | 1,126,022 | ||
General Motors Co. | 5.60 | 10-15-2032 | 500,000 | 481,262 | ||
General Motors Financial Co., Inc. | 2.40 | 10-15-2028 | 380,000 | 321,618 | ||
General Motors Financial Co., Inc. | 4.30 | 4-6-2029 | 180,000 | 164,533 | ||
Mercedes-Benz Finance North America LLC144A | 5.10 | 8-3-2028 | 290,000 | 289,010 |
See accompanying notes to portfolio of investments
4 | Allspring Managed Fixed Income Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Auto manufacturers (continued) | ||||||
Volkswagen Group of America Finance LLC144A | 2.85 % | 9-26-2024 | $ | 300,000 | $290,664 | |
Volkswagen Group of America Finance LLC144A | 4.60 | 6-8-2029 | 370,000 | 354,023 | ||
5,334,439 | ||||||
Entertainment: 0.22% | ||||||
Warnermedia Holdings, Inc. | 4.28 | 3-15-2032 | 900,000 | 794,196 | ||
Housewares: 0.24% | ||||||
Scotts Miracle-Gro Co. | 4.50 | 10-15-2029 | 120,000 | 100,358 | ||
Scotts Miracle-Gro Co. | 5.25 | 12-15-2026 | 800,000 | 757,744 | ||
858,102 | ||||||
Retail: 0.40% | ||||||
7-Eleven, Inc.144A | 0.95 | 2-10-2026 | 220,000 | 197,548 | ||
Foot Locker, Inc.144A | 4.00 | 10-1-2029 | 400,000 | 301,068 | ||
Lowe’s Cos., Inc. | 1.70 | 9-15-2028 | 420,000 | 357,498 | ||
Lowe’s Cos., Inc. | 3.75 | 4-1-2032 | 170,000 | 152,315 | ||
Lowe’s Cos., Inc. | 5.00 | 4-15-2033 | 280,000 | 273,568 | ||
Starbucks Corp. | 2.25 | 3-12-2030 | 140,000 | 117,947 | ||
1,399,944 | ||||||
Consumer, non-cyclical: 6.76% | ||||||
Agriculture: 0.16% | ||||||
Darling Ingredients, Inc.144A | 5.25 | 4-15-2027 | 600,000 | 583,395 | ||
Commercial services: 2.87% | ||||||
Duke University | 3.20 | 10-1-2038 | 1,000,000 | 807,667 | ||
Equifax, Inc. | 2.35 | 9-15-2031 | 180,000 | 141,070 | ||
Equifax, Inc. | 5.10 | 12-15-2027 | 140,000 | 138,152 | ||
Gartner, Inc.144A | 4.50 | 7-1-2028 | 390,000 | 363,689 | ||
Johns Hopkins University Series A | 2.81 | 1-1-2060 | 180,000 | 112,610 | ||
Massachusetts Institute of Technology | 3.96 | 7-1-2038 | 500,000 | 449,412 | ||
Massachusetts Institute of Technology | 4.68 | 7-1-2114 | 120,000 | 108,110 | ||
Massachusetts Institute of Technology | 7.25 | 11-2-2096 | 500,000 | 643,845 | ||
Northwestern University | 3.69 | 12-1-2038 | 1,915,000 | 1,668,914 | ||
President & Fellows of Harvard College | 3.62 | 10-1-2037 | 275,000 | 235,327 | ||
President & Fellows of Harvard College | 4.88 | 10-15-2040 | 183,000 | 178,312 | ||
President & Fellows of Harvard College | 5.63 | 10-1-2038 | 525,000 | 555,924 | ||
RELX Capital, Inc. | 3.00 | 5-22-2030 | 70,000 | 61,491 | ||
RELX Capital, Inc. | 4.00 | 3-18-2029 | 240,000 | 227,958 | ||
Service Corp. International | 4.63 | 12-15-2027 | 450,000 | 423,000 | ||
Service Corp. International | 7.50 | 4-1-2027 | 345,000 | 353,538 | ||
Trustees of Princeton University | 5.70 | 3-1-2039 | 1,640,000 | 1,764,163 | ||
University of Notre Dame du Lac Series 2010 | 4.90 | 3-1-2041 | 400,000 | 380,679 | ||
University of Southern California | 3.03 | 10-1-2039 | 1,250,000 | 997,400 | ||
Washington University | 4.35 | 4-15-2122 | 700,000 | 567,979 | ||
10,179,240 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 5
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Food: 0.21% | ||||||
Ingredion, Inc. | 2.90 % | 6-1-2030 | $ | 880,000 | $753,964 | |
Healthcare-products: 1.08% | ||||||
Baxter International, Inc. | 1.92 | 2-1-2027 | 260,000 | 231,330 | ||
Baxter International, Inc. | 2.27 | 12-1-2028 | 1,130,000 | 969,500 | ||
GE HealthCare Technologies, Inc. | 5.86 | 3-15-2030 | 380,000 | 386,216 | ||
GE HealthCare Technologies, Inc. | 5.91 | 11-22-2032 | 240,000 | 246,127 | ||
Hologic, Inc.144A | 3.25 | 2-15-2029 | 505,000 | 438,635 | ||
Hologic, Inc.144A | 4.63 | 2-1-2028 | 575,000 | 537,945 | ||
Revvity, Inc. | 1.90 | 9-15-2028 | 490,000 | 415,345 | ||
Teleflex, Inc.144A | 4.25 | 6-1-2028 | 500,000 | 459,310 | ||
Teleflex, Inc. | 4.63 | 11-15-2027 | 150,000 | 141,453 | ||
3,825,861 | ||||||
Healthcare-services: 1.40% | ||||||
Ascension Health Series B | 3.11 | 11-15-2039 | 250,000 | 189,677 | ||
BayCare Health System, Inc. Series 2020 | 3.83 | 11-15-2050 | 145,000 | 112,807 | ||
Charles River Laboratories International, Inc.144A | 4.25 | 5-1-2028 | 745,000 | 683,873 | ||
Cleveland Clinic Foundation | 4.86 | 1-1-2114 | 347,000 | 303,896 | ||
Inova Health System Foundation | 4.07 | 5-15-2052 | 250,000 | 207,945 | ||
IQVIA, Inc.144A | 5.00 | 10-15-2026 | 445,000 | 429,837 | ||
Kaiser Foundation Hospitals Series 2021 | 2.81 | 6-1-2041 | 310,000 | 220,271 | ||
Mayo Clinic Series 2021 | 3.20 | 11-15-2061 | 500,000 | 332,751 | ||
Memorial Sloan-Kettering Cancer Center Series 2015 | 4.20 | 7-1-2055 | 185,000 | 152,441 | ||
Nationwide Children’s Hospital, Inc. | 4.56 | 11-1-2052 | 145,000 | 132,394 | ||
Northwestern Memorial Healthcare Obligated Group Series 2021 | 2.63 | 7-15-2051 | 355,000 | 225,677 | ||
NYU Langone Hospitals Series 2020 | 3.38 | 7-1-2055 | 550,000 | 373,004 | ||
OhioHealth Corp. | 2.83 | 11-15-2041 | 250,000 | 177,724 | ||
Pediatrix Medical Group, Inc.144A | 5.38 | 2-15-2030 | 550,000 | 501,573 | ||
Presbyterian Healthcare Services | 4.88 | 8-1-2052 | 600,000 | 569,159 | ||
Providence St. Joseph Health Obligated Group | 5.40 | 10-1-2033 | 365,000 | 360,062 | ||
4,973,091 | ||||||
Household products/wares: 0.12% | ||||||
Central Garden & Pet Co. | 5.13 | 2-1-2028 | 460,000 | 430,519 | ||
Pharmaceuticals: 0.92% | ||||||
AbbVie, Inc. | 4.55 | 3-15-2035 | 1,200,000 | 1,135,069 | ||
Bayer U.S. Finance II LLC144A | 4.38 | 12-15-2028 | 1,170,000 | 1,111,491 | ||
Bayer U.S. Finance LLC144A | 3.38 | 10-8-2024 | 240,000 | 233,510 | ||
Becton Dickinson & Co. | 4.30 | 8-22-2032 | 260,000 | 243,078 | ||
CVS Health Corp. | 1.75 | 8-21-2030 | 200,000 | 158,572 | ||
CVS Health Corp. | 4.30 | 3-25-2028 | 285,000 | 273,731 | ||
CVS Health Corp. | 5.05 | 3-25-2048 | 130,000 | 114,024 | ||
3,269,475 | ||||||
Energy: 4.80% | ||||||
Oil & gas: 1.56% | ||||||
Antero Resources Corp.144A | 5.38 | 3-1-2030 | 565,000 | 528,260 |
See accompanying notes to portfolio of investments
6 | Allspring Managed Fixed Income Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Oil & gas (continued) | ||||||
Apache Corp. | 4.25 % | 1-15-2030 | $ | 100,000 | $91,141 | |
Apache Corp. | 4.38 | 10-15-2028 | 100,000 | 92,166 | ||
BP Capital Markets America, Inc. | 2.72 | 1-12-2032 | 540,000 | 451,969 | ||
BP Capital Markets America, Inc. | 4.89 | 9-11-2033 | 140,000 | 136,201 | ||
Coterra Energy, Inc. | 3.90 | 5-15-2027 | 500,000 | 475,377 | ||
HF Sinclair Corp. | 4.50 | 10-1-2030 | 910,000 | 816,177 | ||
Marathon Petroleum Corp. | 5.13 | 12-15-2026 | 800,000 | 796,421 | ||
Ovintiv, Inc. | 6.25 | 7-15-2033 | 775,000 | 773,637 | ||
Permian Resources Operating LLC144A | 5.88 | 7-1-2029 | 400,000 | 385,778 | ||
Range Resources Corp.144A | 4.75 | 2-15-2030 | 575,000 | 519,208 | ||
Southwestern Energy Co. | 5.38 | 3-15-2030 | 320,000 | 299,579 | ||
Sunoco LP/Sunoco Finance Corp. | 4.50 | 4-30-2030 | 200,000 | 178,318 | ||
5,544,232 | ||||||
Oil & gas services: 0.20% | ||||||
Halliburton Co. | 2.92 | 3-1-2030 | 820,000 | 715,036 | ||
Pipelines: 3.04% | ||||||
Boardwalk Pipelines LP | 3.60 | 9-1-2032 | 625,000 | 525,505 | ||
Buckeye Partners LP | 3.95 | 12-1-2026 | 247,000 | 227,823 | ||
Cheniere Energy Partners LP | 4.50 | 10-1-2029 | 875,000 | 807,360 | ||
Energy Transfer LP | 4.95 | 5-15-2028 | 790,000 | 767,455 | ||
Enterprise Products Operating LLC | 4.15 | 10-16-2028 | 420,000 | 401,156 | ||
Enterprise Products Operating LLC | 5.35 | 1-31-2033 | 540,000 | 543,007 | ||
Florida Gas Transmission Co. LLC144A | 4.35 | 7-15-2025 | 1,521,000 | 1,480,061 | ||
Gray Oak Pipeline LLC144A | 2.60 | 10-15-2025 | 860,000 | 795,268 | ||
Gulfstream Natural Gas System LLC144A | 6.19 | 11-1-2025 | 210,000 | 209,234 | ||
Magellan Midstream Partners LP | 5.00 | 3-1-2026 | 170,000 | 168,000 | ||
MPLX LP | 4.13 | 3-1-2027 | 1,500,000 | 1,436,167 | ||
NuStar Logistics LP | 6.00 | 6-1-2026 | 600,000 | 588,048 | ||
Plains All American Pipeline LP/PAA Finance Corp. | 4.70 | 6-15-2044 | 600,000 | 468,970 | ||
Plains All American Pipeline LP/PAA Finance Corp. | 4.90 | 2-15-2045 | 80,000 | 64,067 | ||
Sabine Pass Liquefaction LLC | 4.50 | 5-15-2030 | 300,000 | 282,316 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.25 | 5-15-2030 | 790,000 | 696,301 | ||
Western Midstream Operating LP | 4.05 | 2-1-2030 | 1,100,000 | 981,206 | ||
Williams Cos., Inc. | 4.65 | 8-15-2032 | 220,000 | 206,587 | ||
Williams Cos., Inc. | 5.65 | 3-15-2033 | 130,000 | 130,724 | ||
10,779,255 | ||||||
Financial: 9.39% | ||||||
Banks: 6.15% | ||||||
Bank of America Corp. (U.S. SOFR+0.96%)± | 1.73 | 7-22-2027 | 1,400,000 | 1,252,705 | ||
Bank of America Corp. (U.S. SOFR+1.21%)± | 2.57 | 10-20-2032 | 170,000 | 136,266 | ||
Bank of America Corp. (U.S. SOFR+1.37%)± | 1.92 | 10-24-2031 | 540,000 | 423,051 | ||
Bank of America Corp. (U.S. SOFR+2.16%)± | 5.02 | 7-22-2033 | 200,000 | 192,491 | ||
Bank of America Corp. (U.S. SOFR 3 Month+1.77%)± | 3.71 | 4-24-2028 | 1,440,000 | 1,347,948 | ||
Bank of New York Mellon Corp. (U.S. SOFR+1.42%)± | 4.29 | 6-13-2033 | 260,000 | 239,218 | ||
Bank of New York Mellon Corp. (U.S. SOFR+1.76%)± | 4.60 | 7-26-2030 | 360,000 | 345,406 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 7
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Banks (continued) | ||||||
Bank of New York Mellon Corp. (U.S. SOFR+1.80%)± | 5.80 % | 10-25-2028 | $ | 50,000 | $50,574 | |
Citigroup, Inc. (U.S. SOFR+0.77%)± | 1.12 | 1-28-2027 | 330,000 | 295,748 | ||
Citigroup, Inc. (U.S. SOFR+1.18%)± | 2.52 | 11-3-2032 | 450,000 | 357,099 | ||
Citigroup, Inc. (U.S. SOFR+1.28%)± | 3.07 | 2-24-2028 | 340,000 | 312,107 | ||
Citigroup, Inc. (U.S. SOFR+1.35%)± | 3.06 | 1-25-2033 | 240,000 | 198,000 | ||
Citigroup, Inc. (U.S. SOFR+2.09%)± | 4.91 | 5-24-2033 | 160,000 | 152,092 | ||
Citigroup, Inc. (U.S. SOFR+2.11%)± | 2.57 | 6-3-2031 | 370,000 | 305,561 | ||
Citigroup, Inc. (U.S. SOFR 3 Month+1.65%)± | 3.67 | 7-24-2028 | 900,000 | 836,978 | ||
Fifth Third Bancorp (U.S. SOFR+1.66%)± | 4.34 | 4-25-2033 | 260,000 | 229,691 | ||
Fifth Third Bancorp (U.S. SOFR+2.13%)± | 4.77 | 7-28-2030 | 490,000 | 458,649 | ||
Fifth Third Bancorp (U.S. SOFR+2.19%)± | 6.36 | 10-27-2028 | 180,000 | 181,435 | ||
Goldman Sachs Group, Inc. (U.S. SOFR+0.91%)± | 1.95 | 10-21-2027 | 210,000 | 186,882 | ||
Goldman Sachs Group, Inc. (U.S. SOFR+1.11%)± | 2.64 | 2-24-2028 | 390,000 | 352,955 | ||
Goldman Sachs Group, Inc. (U.S. SOFR+1.85%)± | 3.62 | 3-15-2028 | 720,000 | 673,215 | ||
Goldman Sachs Group, Inc. (U.S. SOFR 3 Month+1.56%)± | 4.22 | 5-1-2029 | 570,000 | 537,028 | ||
Huntington Bancshares, Inc. (U.S. SOFR+2.05%)± | 5.02 | 5-17-2033 | 210,000 | 194,466 | ||
Huntington National Bank | 5.65 | 1-10-2030 | 250,000 | 243,263 | ||
JPMorgan Chase & Co. (U.S. SOFR+1.26%)± | 2.96 | 1-25-2033 | 390,000 | 324,022 | ||
JPMorgan Chase & Co. (U.S. SOFR+1.89%)± | 2.18 | 6-1-2028 | 310,000 | 275,519 | ||
JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.25%)± | 2.58 | 4-22-2032 | 110,000 | 90,047 | ||
JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.52%)± | 4.20 | 7-23-2029 | 600,000 | 566,715 | ||
JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.59%)± | 4.45 | 12-5-2029 | 470,000 | 448,033 | ||
JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.60%)± | 3.78 | 2-1-2028 | 1,100,000 | 1,038,790 | ||
KeyBank NA | 3.90 | 4-13-2029 | 420,000 | 345,107 | ||
KeyCorp | 2.25 | 4-6-2027 | 690,000 | 593,597 | ||
KeyCorp (U.S. SOFR+2.06%)± | 4.79 | 6-1-2033 | 410,000 | 353,786 | ||
Morgan Stanley (U.S. SOFR+0.86%)± | 1.51 | 7-20-2027 | 300,000 | 266,350 | ||
Morgan Stanley (U.S. SOFR+1.00%)± | 2.48 | 1-21-2028 | 740,000 | 667,567 | ||
Morgan Stanley (U.S. SOFR+1.59%)± | 5.16 | 4-20-2029 | 480,000 | 470,798 | ||
Morgan Stanley (U.S. SOFR+1.63%)± | 5.45 | 7-20-2029 | 90,000 | 89,472 | ||
Morgan Stanley (U.S. SOFR+2.08%)± | 4.89 | 7-20-2033 | 360,000 | 341,028 | ||
National Securities Clearing Corp.144A | 5.00 | 5-30-2028 | 280,000 | 278,251 | ||
PNC Bank NA | 4.05 | 7-26-2028 | 1,000,000 | 925,519 | ||
PNC Financial Services Group, Inc. (U.S. SOFR+1.93%)± | 5.07 | 1-24-2034 | 270,000 | 255,743 | ||
PNC Financial Services Group, Inc. (U.S. SOFR+2.14%)± | 6.04 | 10-28-2033 | 260,000 | 264,124 | ||
Regions Financial Corp. | 1.80 | 8-12-2028 | 540,000 | 447,727 | ||
State Street Corp. (U.S. SOFR+1.00%)± | 2.62 | 2-7-2033 | 770,000 | 631,622 | ||
State Street Corp. (U.S. SOFR+1.61%)± | 4.42 | 5-13-2033 | 90,000 | 83,720 | ||
State Street Corp. (U.S. SOFR+1.73%)± | 4.16 | 8-4-2033 | 400,000 | 363,287 | ||
Truist Financial Corp. (U.S. SOFR+1.37%)± | 4.12 | 6-6-2028 | 200,000 | 188,515 | ||
Truist Financial Corp. (U.S. SOFR+2.30%)± | 6.12 | 10-28-2033 | 180,000 | 181,107 | ||
Truist Financial Corp. (U.S. SOFR 3 Month+0.98%)± | 6.25 | 4-1-2027 | 400,000 | 366,864 | ||
U.S. Bancorp (U.S. SOFR+1.66%)± | 4.55 | 7-22-2028 | 320,000 | 305,782 | ||
U.S. Bancorp (U.S. SOFR+2.09%)± | 5.85 | 10-21-2033 | 160,000 | 159,356 | ||
Wells Fargo & Co. (U.S. SOFR+1.50%)± | 3.35 | 3-2-2033 | 680,000 | 572,638 | ||
Wells Fargo & Co. (U.S. SOFR+1.51%)± | 3.53 | 3-24-2028 | 720,000 | 669,904 |
See accompanying notes to portfolio of investments
8 | Allspring Managed Fixed Income Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Banks (continued) | ||||||
Wells Fargo & Co. (U.S. SOFR+2.02%)± | 5.39 % | 4-24-2034 | $ | 210,000 | $204,542 | |
Wells Fargo & Co. (U.S. SOFR+2.10%)± | 4.90 | 7-25-2033 | 590,000 | 555,153 | ||
21,827,513 | ||||||
Diversified financial services: 0.49% | ||||||
American Express Co. (U.S. SOFR+1.28%)± | 5.28 | 7-27-2029 | 340,000 | 336,313 | ||
American Express Co. (U.S. SOFR+1.76%)± | 4.42 | 8-3-2033 | 630,000 | 584,302 | ||
Capital One Financial Corp. (U.S. SOFR+1.79%)± | 3.27 | 3-1-2030 | 450,000 | 386,191 | ||
Capital One Financial Corp. (U.S. SOFR+2.37%)± | 5.27 | 5-10-2033 | 290,000 | 269,629 | ||
Charles Schwab Corp. (U.S. SOFR+2.21%)± | 5.64 | 5-19-2029 | 160,000 | 159,677 | ||
1,736,112 | ||||||
Insurance: 0.97% | ||||||
Aon Corp./Aon Global Holdings PLC | 2.85 | 5-28-2027 | 180,000 | 165,713 | ||
Guardian Life Global Funding144A | 5.55 | 10-28-2027 | 580,000 | 584,379 | ||
Marsh & McLennan Cos., Inc. | 2.38 | 12-15-2031 | 510,000 | 414,621 | ||
Metropolitan Life Global Funding I144A | 5.15 | 3-28-2033 | 200,000 | 195,549 | ||
New York Life Global Funding144A | 4.90 | 6-13-2028 | 350,000 | 346,051 | ||
NLV Financial Corp.144A | 7.50 | 8-15-2033 | 565,000 | 593,487 | ||
Northwestern Mutual Life Insurance Co.144A | 3.45 | 3-30-2051 | 470,000 | 319,982 | ||
Pacific Life Global Funding II144A | 5.50 | 7-18-2028 | 360,000 | 361,114 | ||
Pricoa Global Funding I144A | 5.10 | 5-30-2028 | 470,000 | 471,291 | ||
3,452,187 | ||||||
REITS: 1.78% | ||||||
Alexandria Real Estate Equities, Inc. | 3.95 | 1-15-2027 | 240,000 | 227,103 | ||
Alexandria Real Estate Equities, Inc. | 3.95 | 1-15-2028 | 380,000 | 356,359 | ||
Boston Properties LP | 2.75 | 10-1-2026 | 780,000 | 703,332 | ||
CubeSmart LP | 2.25 | 12-15-2028 | 160,000 | 135,493 | ||
Digital Realty Trust LP | 4.45 | 7-15-2028 | 510,000 | 482,341 | ||
Extra Space Storage LP | 3.90 | 4-1-2029 | 400,000 | 366,313 | ||
Healthpeak OP LLC | 2.13 | 12-1-2028 | 40,000 | 34,177 | ||
Healthpeak OP LLC | 2.88 | 1-15-2031 | 190,000 | 158,886 | ||
Healthpeak OP LLC | 3.50 | 7-15-2029 | 560,000 | 502,906 | ||
Host Hotels & Resorts LP | 3.88 | 4-1-2024 | 265,000 | 261,714 | ||
Kimco Realty OP LLC | 4.60 | 2-1-2033 | 130,000 | 119,479 | ||
Mid-America Apartments LP | 4.20 | 6-15-2028 | 160,000 | 152,099 | ||
NNN REIT, Inc. | 4.30 | 10-15-2028 | 370,000 | 347,148 | ||
NNN REIT, Inc. | 5.60 | 10-15-2033 | 200,000 | 195,985 | ||
UDR, Inc. | 3.20 | 1-15-2030 | 350,000 | 308,215 | ||
Ventas Realty LP | 3.50 | 2-1-2025 | 150,000 | 144,275 | ||
Ventas Realty LP | 3.85 | 4-1-2027 | 1,500,000 | 1,405,263 | ||
Welltower OP LLC | 2.05 | 1-15-2029 | 190,000 | 159,213 | ||
Welltower OP LLC | 2.75 | 1-15-2032 | 320,000 | 258,719 | ||
6,319,020 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 9
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Industrial: 4.87% | ||||||
Aerospace/defense: 0.88% | ||||||
Boeing Co. | 2.70 % | 2-1-2027 | $ | 840,000 | $768,126 | |
Boeing Co. | 5.15 | 5-1-2030 | 155,000 | 152,494 | ||
Boeing Co. | 5.71 | 5-1-2040 | 110,000 | 106,940 | ||
Hexcel Corp. | 4.20 | 2-15-2027 | 602,000 | 562,459 | ||
L3Harris Technologies, Inc. | 5.40 | 7-31-2033 | 380,000 | 380,639 | ||
Moog, Inc.144A | 4.25 | 12-15-2027 | 700,000 | 637,003 | ||
Raytheon Technologies Corp. | 2.25 | 7-1-2030 | 360,000 | 299,067 | ||
Raytheon Technologies Corp. | 2.38 | 3-15-2032 | 250,000 | 201,173 | ||
3,107,901 | ||||||
Building materials: 0.61% | ||||||
Carrier Global Corp. | 2.49 | 2-15-2027 | 780,000 | 708,582 | ||
CRH America Finance, Inc.144A | 3.95 | 4-4-2028 | 210,000 | 198,647 | ||
Fortune Brands Innovations, Inc. | 3.25 | 9-15-2029 | 460,000 | 405,683 | ||
Lennox International, Inc. | 1.70 | 8-1-2027 | 530,000 | 463,770 | ||
Martin Marietta Materials, Inc. Series CB | 2.50 | 3-15-2030 | 280,000 | 235,271 | ||
Masco Corp. | 6.50 | 8-15-2032 | 150,000 | 152,934 | ||
2,164,887 | ||||||
Electronics: 0.49% | ||||||
Agilent Technologies, Inc. | 2.75 | 9-15-2029 | 600,000 | 523,853 | ||
Amphenol Corp. | 2.20 | 9-15-2031 | 480,000 | 388,084 | ||
Jabil, Inc. | 3.95 | 1-12-2028 | 900,000 | 842,189 | ||
1,754,126 | ||||||
Environmental control: 0.39% | ||||||
Clean Harbors, Inc.144A | 4.88 | 7-15-2027 | 325,000 | 310,539 | ||
Clean Harbors, Inc.144A | 6.38 | 2-1-2031 | 180,000 | 178,998 | ||
Stericycle, Inc.144A | 3.88 | 1-15-2029 | 1,010,000 | 879,388 | ||
1,368,925 | ||||||
Hand/machine tools: 0.09% | ||||||
Stanley Black & Decker, Inc. | 3.00 | 5-15-2032 | 180,000 | 151,367 | ||
Stanley Black & Decker, Inc. | 4.25 | 11-15-2028 | 190,000 | 180,364 | ||
331,731 | ||||||
Machinery-construction & mining: 0.18% | ||||||
Oshkosh Corp. | 3.10 | 3-1-2030 | 490,000 | 431,158 | ||
Oshkosh Corp. | 4.60 | 5-15-2028 | 200,000 | 195,487 | ||
626,645 | ||||||
Machinery-diversified: 0.39% | ||||||
GrafTech Finance, Inc.144A | 4.63 | 12-15-2028 | 640,000 | 502,400 | ||
GrafTech Global Enterprises, Inc.144A | 9.88 | 12-15-2028 | 280,000 | 273,000 | ||
Mueller Water Products, Inc.144A | 4.00 | 6-15-2029 | 700,000 | 619,969 | ||
1,395,369 |
See accompanying notes to portfolio of investments
10 | Allspring Managed Fixed Income Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Miscellaneous manufacturing: 0.13% | ||||||
Parker-Hannifin Corp. | 4.50 % | 9-15-2029 | $ | 490,000 | $473,674 | |
Packaging & containers: 1.15% | ||||||
Ball Corp. | 3.13 | 9-15-2031 | 550,000 | 445,289 | ||
Clearwater Paper Corp.144A | 4.75 | 8-15-2028 | 775,000 | 676,412 | ||
Graphic Packaging International LLC144A | 3.50 | 3-15-2028 | 275,000 | 244,979 | ||
Graphic Packaging International LLC144A | 3.50 | 3-1-2029 | 420,000 | 360,037 | ||
Packaging Corp. of America | 3.00 | 12-15-2029 | 480,000 | 419,060 | ||
Sealed Air Corp./Sealed Air Corp. U.S.144A | 6.13 | 2-1-2028 | 400,000 | 393,031 | ||
Silgan Holdings, Inc. | 4.13 | 2-1-2028 | 400,000 | 366,476 | ||
WRKCo, Inc. | 3.00 | 9-15-2024 | 680,000 | 658,329 | ||
WRKCo, Inc. | 3.90 | 6-1-2028 | 560,000 | 519,611 | ||
4,083,224 | ||||||
Transportation: 0.56% | ||||||
FedEx Corp. | 3.90 | 2-1-2035 | 280,000 | 243,731 | ||
FedEx Corp. | 4.25 | 5-15-2030 | 660,000 | 626,408 | ||
Norfolk Southern Corp. | 5.05 | 8-1-2030 | 190,000 | 188,121 | ||
Norfolk Southern Corp. | 5.10 | 12-31-2049 | 760,000 | 637,227 | ||
Ryder System, Inc. | 2.85 | 3-1-2027 | 300,000 | 276,174 | ||
1,971,661 | ||||||
Technology: 1.51% | ||||||
Computers: 0.25% | ||||||
Hewlett Packard Enterprise Co. | 4.90 | 10-15-2025 | 375,000 | 370,075 | ||
HP, Inc. | 4.00 | 4-15-2029 | 270,000 | 251,983 | ||
Seagate HDD Cayman | 3.13 | 7-15-2029 | 375,000 | 284,235 | ||
906,293 | ||||||
Semiconductors: 0.31% | ||||||
Microchip Technology, Inc. | 4.25 | 9-1-2025 | 375,000 | 364,938 | ||
Micron Technology, Inc. | 6.75 | 11-1-2029 | 285,000 | 296,587 | ||
ON Semiconductor Corp.144A | 3.88 | 9-1-2028 | 175,000 | 155,781 | ||
TSMC Arizona Corp. | 1.75 | 10-25-2026 | 300,000 | 270,277 | ||
1,087,583 | ||||||
Software: 0.95% | ||||||
Concentrix Corp. | 6.60 | 8-2-2028 | 625,000 | 612,061 | ||
Fair Isaac Corp.144A | 4.00 | 6-15-2028 | 430,000 | 393,213 | ||
Fidelity National Information Services, Inc. | 4.70 | 7-15-2027 | 185,000 | 181,536 | ||
Fiserv, Inc. | 5.45 | 3-2-2028 | 110,000 | 110,646 | ||
MSCI, Inc.144A | 4.00 | 11-15-2029 | 515,000 | 463,312 | ||
Oracle Corp. | 2.30 | 3-25-2028 | 970,000 | 853,579 | ||
Oracle Corp. | 6.15 | 11-9-2029 | 160,000 | 166,551 | ||
Roper Technologies, Inc. | 2.95 | 9-15-2029 | 470,000 | 415,666 | ||
Take-Two Interactive Software, Inc. | 3.70 | 4-14-2027 | 180,000 | 170,571 | ||
3,367,135 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 11
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Utilities: 4.69% | ||||||
Electric: 4.21% | ||||||
American Transmission Systems, Inc.144A | 2.65 % | 1-15-2032 | $ | 380,000 | $311,195 | |
Black Hills Corp. | 4.35 | 5-1-2033 | 710,000 | 628,279 | ||
Commonwealth Edison Co. Series 133 | 3.85 | 3-15-2052 | 450,000 | 341,731 | ||
Connecticut Light & Power Co. | 5.25 | 1-15-2053 | 130,000 | 126,967 | ||
Consumers Energy Co. | 4.90 | 2-15-2029 | 760,000 | 754,645 | ||
Dominion Energy South Carolina, Inc. Series A | 2.30 | 12-1-2031 | 450,000 | 361,408 | ||
DTE Electric Co. | 5.40 | 4-1-2053 | 200,000 | 198,893 | ||
Duke Energy Carolinas LLC | 3.55 | 3-15-2052 | 230,000 | 167,261 | ||
Duke Energy Carolinas LLC | 6.05 | 4-15-2038 | 830,000 | 861,823 | ||
Duke Energy Progress LLC | 2.00 | 8-15-2031 | 620,000 | 493,588 | ||
Evergy Kansas Central, Inc. | 5.70 | 3-15-2053 | 180,000 | 179,873 | ||
Evergy Metro, Inc. Series 2020 | 2.25 | 6-1-2030 | 350,000 | 289,788 | ||
Evergy Missouri West, Inc.144A | 3.75 | 3-15-2032 | 330,000 | 283,837 | ||
Florida Power & Light Co. | 4.63 | 5-15-2030 | 70,000 | 68,632 | ||
Florida Power & Light Co. | 5.30 | 4-1-2053 | 200,000 | 198,182 | ||
Indianapolis Power & Light Co.144A | 5.65 | 12-1-2032 | 360,000 | 361,882 | ||
ITC Holdings Corp. | 3.65 | 6-15-2024 | 120,000 | 117,828 | ||
Kentucky Utilities Co. Series KENT | 5.45 | 4-15-2033 | 310,000 | 313,119 | ||
Louisville Gas & Electric Co. Series LOU | 5.45 | 4-15-2033 | 310,000 | 313,467 | ||
MidAmerican Energy Co. | 5.80 | 10-15-2036 | 900,000 | 921,152 | ||
NextEra Energy Capital Holdings, Inc. | 1.88 | 1-15-2027 | 230,000 | 205,564 | ||
NextEra Energy Operating Partners LP144A | 4.25 | 9-15-2024 | 6,000 | 5,745 | ||
NextEra Energy Operating Partners LP144A | 4.50 | 9-15-2027 | 275,000 | 255,259 | ||
Northern States Power Co. | 4.50 | 6-1-2052 | 210,000 | 181,189 | ||
Northern States Power Co. | 5.35 | 11-1-2039 | 1,580,000 | 1,546,855 | ||
PPL Electric Utilities Corp. | 5.25 | 5-15-2053 | 220,000 | 213,666 | ||
Public Service Electric & Gas Co. | 5.20 | 8-1-2033 | 220,000 | 222,055 | ||
Public Service Electric & Gas Co. Series D | 5.70 | 12-1-2036 | 590,000 | 588,933 | ||
Puget Sound Energy, Inc. | 5.45 | 6-1-2053 | 300,000 | 293,103 | ||
Rochester Gas & Electric Corp.144A | 3.10 | 6-1-2027 | 1,000,000 | 919,687 | ||
San Diego Gas & Electric Co. | 3.00 | 3-15-2032 | 490,000 | 417,242 | ||
Sigeco Securitization I LLC Series A2 | 5.17 | 5-15-2041 | 750,000 | 718,125 | ||
Southern California Edison Co. Series 2004-B | 6.00 | 1-15-2034 | 188,000 | 194,390 | ||
Trans-Allegheny Interstate Line Co.144A | 3.85 | 6-1-2025 | 200,000 | 193,117 | ||
Tucson Electric Power Co. | 3.25 | 5-15-2032 | 420,000 | 360,569 | ||
Union Electric Co. | 5.45 | 3-15-2053 | 330,000 | 324,333 | ||
WEC Energy Group, Inc. | 2.20 | 12-15-2028 | 790,000 | 682,909 | ||
Wisconsin Power & Light Co. | 3.95 | 9-1-2032 | 370,000 | 336,919 | ||
14,953,210 | ||||||
Gas: 0.48% | ||||||
AmeriGas Partners LP/AmeriGas Finance Corp. | 5.50 | 5-20-2025 | 300,000 | 294,423 | ||
AmeriGas Partners LP/AmeriGas Finance Corp. | 5.88 | 8-20-2026 | 500,000 | 474,350 | ||
CenterPoint Energy Resources Corp. | 1.75 | 10-1-2030 | 330,000 | 261,818 | ||
Sempra Global144A | 3.25 | 1-15-2032 | 825,000 | 664,876 | ||
1,695,467 | ||||||
Total corporate bonds and notes (Cost $152,432,296) | 137,708,866 |
See accompanying notes to portfolio of investments
12 | Allspring Managed Fixed Income Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Municipal obligations: 8.24% | ||||||
Alabama: 0.24% | ||||||
Miscellaneous revenue: 0.24% | ||||||
Alabama Federal Aid Highway Finance Authority Series B | 1.86 % | 9-1-2029 | $ | 1,000,000 | $853,583 | |
Arizona: 0.10% | ||||||
Miscellaneous revenue: 0.10% | ||||||
City of Yuma Excise Tax Revenue | 2.10 | 7-15-2030 | 430,000 | 353,968 | ||
California: 1.25% | ||||||
GO revenue: 1.14% | ||||||
Campbell Union High School District | 2.31 | 8-1-2035 | 660,000 | 499,641 | ||
Desert Community College District | 2.78 | 8-1-2035 | 450,000 | 357,511 | ||
Oxnard Union High School District | 1.87 | 8-1-2030 | 800,000 | 659,106 | ||
Palomar Community College District | 2.32 | 8-1-2034 | 500,000 | 388,322 | ||
San Ramon Valley Unified School District | 1.91 | 8-1-2030 | 740,000 | 615,338 | ||
Solano County Community College District Series B | 1.76 | 8-1-2030 | 950,000 | 772,657 | ||
State of California | 5.13 | 3-1-2038 | 750,000 | 741,858 | ||
4,034,433 | ||||||
Tax revenue: 0.11% | ||||||
San Jose Redevelopment Agency Successor Agency Series T | 3.38 | 8-1-2034 | 455,000 | 402,644 | ||
4,437,077 | ||||||
Florida: 0.31% | ||||||
Housing revenue: 0.06% | ||||||
Florida Housing Finance Corp. Series 4 (GNMA Insured) | 5.50 | 7-1-2054 | 225,000 | 223,138 | ||
Water & sewer revenue: 0.25% | ||||||
Florida Water Pollution Control Financing Corp. Clean Water State Revolving Fund Series A | 2.60 | 1-15-2030 | 1,000,000 | 882,487 | ||
1,105,625 | ||||||
Georgia: 0.14% | ||||||
GO revenue: 0.14% | ||||||
Cherokee County Board of Education | 5.87 | 8-1-2028 | 500,000 | 507,221 | ||
Hawaii: 0.42% | ||||||
GO revenue: 0.42% | ||||||
State of Hawaii Series FZ | 1.60 | 8-1-2031 | 770,000 | 605,400 | ||
State of Hawaii Series GD | 2.52 | 10-1-2035 | 1,110,000 | 863,728 | ||
1,469,128 | ||||||
Idaho: 0.13% | ||||||
Housing revenue: 0.13% | ||||||
Idaho Housing & Finance Association Series D-1 (GNMA Insured) | 6.50 | 7-1-2053 | 450,000 | 466,766 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 13
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Indiana: 0.36% | ||||||
Health revenue: 0.29% | ||||||
Indiana Finance Authority Community Foundation of Northwest Indiana Obligated Group | 3.63 % | 3-1-2039 | $ | 1,235,000 | $1,037,837 | |
Miscellaneous revenue: 0.07% | ||||||
Indianapolis Local Public Improvement Bond Bank Series A-2 | 6.00 | 1-15-2040 | 235,000 | 250,123 | ||
1,287,960 | ||||||
Louisiana: 0.18% | ||||||
Miscellaneous revenue: 0.07% | ||||||
Louisiana Local Government Environmental Facilities & CDA Series A | 4.48 | 8-1-2039 | 250,000 | 233,777 | ||
Tax revenue: 0.11% | ||||||
State of Louisiana Gasoline & Fuels Tax Revenue Series A | 2.80 | 5-1-2035 | 500,000 | 401,410 | ||
635,187 | ||||||
Massachusetts: 0.27% | ||||||
GO revenue: 0.11% | ||||||
Commonwealth of Massachusetts Series D | 2.66 | 9-1-2039 | 493,421 | 395,993 | ||
Miscellaneous revenue: 0.09% | ||||||
Commonwealth of Massachusetts COVID-19 Recovery Assessment Revenue Series A | 3.77 | 7-15-2029 | 350,000 | 333,566 | ||
Water & sewer revenue: 0.07% | ||||||
Massachusetts Water Resources Authority Series C | 2.49 | 8-1-2034 | 300,000 | 238,440 | ||
967,999 | ||||||
Michigan: 0.43% | ||||||
Education revenue: 0.21% | ||||||
University of Michigan Series A | 4.45 | 4-1-2122 | 885,000 | 731,085 | ||
Health revenue: 0.22% | ||||||
Michigan Finance Authority Trinity Health Corp Obligated Group Series T | 3.08 | 12-1-2034 | 930,000 | 785,876 | ||
1,516,961 | ||||||
Minnesota: 0.11% | ||||||
GO revenue: 0.11% | ||||||
State of Minnesota Series F | 1.32 | 8-1-2031 | 500,000 | 389,266 | ||
Mississippi: 0.30% | ||||||
GO revenue: 0.30% | ||||||
State of Mississippi Series E | 2.49 | 10-1-2035 | 1,350,000 | 1,057,798 | ||
Nebraska: 0.17% | ||||||
Education revenue: 0.17% | ||||||
University of Nebraska Facilities Corp. Series A | 3.19 | 10-1-2039 | 750,000 | 598,913 |
See accompanying notes to portfolio of investments
14 | Allspring Managed Fixed Income Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
New Jersey: 0.12% | ||||||
Miscellaneous revenue: 0.12% | ||||||
Hudson County Improvement Authority (AGM Insured) | 7.40 % | 12-1-2025 | $ | 420,000 | $430,511 | |
New York: 0.20% | ||||||
GO revenue: 0.20% | ||||||
State of New York Series B | 2.65 | 2-15-2030 | 500,000 | 442,809 | ||
State of New York Series C | 5.62 | 3-1-2040 | 250,000 | 260,191 | ||
703,000 | ||||||
North Dakota: 0.16% | ||||||
Housing revenue: 0.16% | ||||||
North Dakota PFA | 2.68 | 12-1-2035 | 750,000 | 581,034 | ||
Ohio: 0.23% | ||||||
GO revenue: 0.06% | ||||||
State of Ohio Series A | 1.88 | 9-15-2034 | 300,000 | 224,127 | ||
Health revenue: 0.17% | ||||||
State of Ohio Cleveland Clinic Health System Obligated Group Series G | 3.28 | 1-1-2042 | 725,000 | 590,399 | ||
814,526 | ||||||
Oklahoma: 0.65% | ||||||
Utilities revenue: 0.46% | ||||||
Oklahoma Development Finance Authority Oklahoma Gas and Electric Co. Series A-2 | 4.85 | 2-1-2045 | 605,000 | 594,271 | ||
Oklahoma Development Finance Authority Public Service Co. of Oklahoma Series A-2 | 4.62 | 6-1-2044 | 1,085,000 | 1,042,248 | ||
1,636,519 | ||||||
Water & sewer revenue: 0.19% | ||||||
Oklahoma Water Resources Board (CERF Insured) | 2.56 | 4-1-2031 | 770,000 | 662,706 | ||
2,299,225 | ||||||
Oregon: 0.32% | ||||||
GO revenue: 0.15% | ||||||
State of Oregon Series A | 5.90 | 8-1-2038 | 500,000 | 529,946 | ||
Tax revenue: 0.17% | ||||||
State of Oregon Department of Transportation Series B | 3.17 | 11-15-2038 | 750,000 | 604,421 | ||
1,134,367 | ||||||
Pennsylvania: 0.18% | ||||||
Education revenue: 0.18% | ||||||
University of Pittsburgh-of the Commonwealth System of Higher Education Series A | 3.65 | 9-15-2036 | 715,000 | 634,851 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 15
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Texas: 1.08% | ||||||
Education revenue: 0.20% | ||||||
Board of Regents of the University of Texas System Series D | 5.13 % | 8-15-2042 | $ | 150,000 | $149,685 | |
Permanent University Fund - University of Texas System | 5.26 | 7-1-2039 | 550,000 | 556,737 | ||
706,422 | ||||||
GO revenue: 0.55% | ||||||
County of Hidalgo Series C | 4.04 | 8-15-2030 | 1,270,000 | 1,206,461 | ||
Stafford Municipal School District Series B | 3.08 | 8-15-2041 | 750,000 | 571,976 | ||
State of Texas Series A | 2.04 | 10-1-2032 | 225,000 | 181,680 | ||
1,960,117 | ||||||
Housing revenue: 0.09% | ||||||
Texas Department of Housing & Community Affairs Series C (GNMA Insured)%% | 6.25 | 7-1-2053 | 300,000 | 306,683 | ||
Utilities revenue: 0.24% | ||||||
Texas Natural Gas Securitization Finance Corp. | 5.17 | 4-1-2041 | 875,000 | 871,877 | ||
3,845,099 | ||||||
Vermont: 0.03% | ||||||
Housing revenue: 0.03% | ||||||
Vermont Housing Finance Agency | 3.80 | 11-1-2037 | 110,000 | 95,301 | ||
Virginia: 0.14% | ||||||
Education revenue: 0.12% | ||||||
University of Virginia | 6.20 | 9-1-2039 | 215,000 | 236,436 | ||
University of Virginia Series C | 4.18 | 9-1-2117 | 265,000 | 204,817 | ||
441,253 | ||||||
Housing revenue: 0.02% | ||||||
Virginia Housing Development Authority Commonwealth Mortgage Bonds 2016-A Series A | 3.10 | 6-25-2041 | 70,931 | 63,493 | ||
504,746 | ||||||
Washington: 0.41% | ||||||
GO revenue: 0.31% | ||||||
County of King Series B | 6.05 | 12-1-2030 | 350,000 | 372,207 | ||
King County Public Hospital District No. 2 | 2.70 | 12-1-2035 | 915,000 | 714,132 | ||
1,086,339 | ||||||
Water & sewer revenue: 0.10% | ||||||
County of King Sewer Revenue Series B | 1.86 | 1-1-2033 | 450,000 | 350,713 | ||
1,437,052 | ||||||
West Virginia: 0.11% | ||||||
Tax revenue: 0.11% | ||||||
County of Ohio Special District Excise Tax Revenue | 8.25 | 3-1-2035 | 385,000 | 396,574 |
See accompanying notes to portfolio of investments
16 | Allspring Managed Fixed Income Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Wisconsin: 0.20% | ||||||
GO revenue: 0.20% | ||||||
State of Wisconsin Series 2 | 2.61 % | 5-1-2032 | $ | 240,000 | $201,503 | |
State of Wisconsin Series 4 | 2.10 | 5-1-2035 | 690,000 | 514,413 | ||
715,916 | ||||||
Total municipal obligations (Cost $33,495,082) | 29,239,654 | |||||
Non-agency mortgage-backed securities: 7.53% | ||||||
CAMB Commercial Mortgage Trust Series 2019-LIFE Class A (U.S. SOFR 1 Month+1.18%)144A± | 6.50 | 12-15-2037 | 945,000 | 940,220 | ||
COMM Mortgage Trust Series 2013-CR13 Class A4±± | 4.19 | 11-10-2046 | 600,000 | 596,452 | ||
COMM Mortgage Trust Series 2014-CR17 Class A5 | 3.98 | 5-10-2047 | 1,795,000 | 1,761,980 | ||
COMM Mortgage Trust Series 2014-CR21 Class A3 | 3.53 | 12-10-2047 | 2,448,191 | 2,375,930 | ||
COMM Mortgage Trust Series 2014-UBS5 Class ASB | 3.55 | 9-10-2047 | 86,305 | 85,604 | ||
COMM Mortgage Trust Series 2014-UBS5 Class A4 | 3.84 | 9-10-2047 | 620,000 | 600,007 | ||
DC Commercial Mortgage Trust Series 2023-DC Class A144A | 6.31 | 9-10-2040 | 1,045,000 | 1,056,919 | ||
GS Mortgage Securities Corp. II Series 2023-SHIP Class A144A | 4.47 | 9-10-2038 | 635,000 | 610,778 | ||
GS Mortgage Securities Trust Series 2014-GC26 Class A5 | 3.63 | 11-10-2047 | 2,565,000 | 2,466,926 | ||
JP Morgan Chase Commercial Mortgage Securities Trust Series 2014- C20 Class A5 | 3.80 | 7-15-2047 | 4,065,000 | 4,001,037 | ||
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022- ACB Class A (30 Day Average U.S. SOFR+1.40%)144A± | 6.59 | 3-15-2039 | 855,000 | 844,536 | ||
JPMBB Commercial Mortgage Securities Trust Series 2014-C19 Class A4 | 4.00 | 4-15-2047 | 341,296 | 337,027 | ||
JPMBB Commercial Mortgage Securities Trust Series 2014-C26 Class A4 | 3.49 | 1-15-2048 | 1,338,000 | 1,283,479 | ||
Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C15 Class ASB | 3.65 | 4-15-2047 | 40,473 | 40,222 | ||
Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C19 Class A4 | 3.53 | 12-15-2047 | 1,790,000 | 1,722,757 | ||
Seasoned Credit Risk Transfer Trust Series 2018-3 Class MA±± | 3.50 | 8-25-2057 | 2,557,480 | 2,391,561 | ||
Seasoned Credit Risk Transfer Trust Series 2019-3 Class M55D | 4.00 | 10-25-2058 | 530,588 | 496,258 | ||
Seasoned Credit Risk Transfer Trust Series 2020-2 Class MT | 2.00 | 11-25-2059 | 885,191 | 704,169 | ||
Towd Point Mortgage Trust Series 2018-3 Class A1144A±± | 3.75 | 5-25-2058 | 933,193 | 888,062 | ||
Towd Point Mortgage Trust Series 2019-4 Class A1144A±± | 2.90 | 10-25-2059 | 1,155,371 | 1,065,393 | ||
WFRBS Commercial Mortgage Trust Series 2013-C17 Class A4 | 4.02 | 12-15-2046 | 640,596 | 638,309 | ||
WFRBS Commercial Mortgage Trust Series 2014-C20 Class A5 | 4.00 | 5-15-2047 | 1,876,047 | 1,836,506 | ||
Total non-agency mortgage-backed securities (Cost $27,812,224) | 26,744,132 | |||||
U.S. Treasury securities: 8.75% | ||||||
U.S. Treasury Bonds | 1.38 | 11-15-2040 | 6,905,000 | 4,408,141 | ||
U.S. Treasury Bonds | 1.88 | 2-15-2041 | 1,460,000 | 1,013,217 | ||
U.S. Treasury Bonds | 1.88 | 2-15-2051 | 944,000 | 582,367 | ||
U.S. Treasury Bonds | 2.00 | 8-15-2051 | 2,140,000 | 1,358,649 | ||
U.S. Treasury Bonds | 2.25 | 2-15-2052 | 1,785,000 | 1,204,178 | ||
U.S. Treasury Bonds | 2.38 | 2-15-2042 | 2,855,000 | 2,123,964 | ||
U.S. Treasury Bonds | 2.38 | 11-15-2049 | 10,063,000 | 7,037,418 | ||
U.S. Treasury Bonds | 2.38 | 5-15-2051 | 1,185,000 | 823,621 | ||
U.S. Treasury Bonds | 2.88 | 5-15-2052 | 2,968,000 | 2,304,026 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 17
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
U.S. Treasury securities (continued) | ||||||
U.S. Treasury Bonds | 3.00 % | 8-15-2052 | $ | 789,000 | $628,765 | |
U.S. Treasury Bonds | 3.63 | 2-15-2053 | 1,925,000 | 1,734,305 | ||
U.S. Treasury Bonds | 3.63 | 5-15-2053 | 400,000 | 360,750 | ||
U.S. Treasury Bonds | 3.88 | 2-15-2043 | 1,892,000 | 1,760,447 | ||
U.S. Treasury Bonds | 3.88 | 5-15-2043 | 2,805,000 | 2,609,088 | ||
U.S. Treasury Bonds | 4.00 | 11-15-2042 | 782,000 | 741,953 | ||
U.S. Treasury Notes | 4.13 | 6-15-2026 | 1,445,000 | 1,428,292 | ||
U.S. Treasury Notes | 4.50 | 7-15-2026 | 930,000 | 928,329 | ||
Total U.S. Treasury securities (Cost $42,079,538) | 31,047,510 | |||||
Yankee corporate bonds and notes: 6.29% | ||||||
Basic materials: 0.76% | ||||||
Chemicals: 0.27% | ||||||
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV144A | 4.75 | 6-15-2027 | 670,000 | 630,479 | ||
Nutrien Ltd. | 2.95 | 5-13-2030 | 180,000 | 155,183 | ||
Nutrien Ltd. | 4.90 | 3-27-2028 | 190,000 | 185,670 | ||
971,332 | ||||||
Mining: 0.49% | ||||||
Anglo American Capital PLC144A | 4.75 | 4-10-2027 | 1,000,000 | 969,759 | ||
South32 Treasury Ltd.144A | 4.35 | 4-14-2032 | 900,000 | 777,330 | ||
1,747,089 | ||||||
Consumer, non-cyclical: 0.38% | ||||||
Commercial services: 0.13% | ||||||
Experian Finance PLC144A | 4.25 | 2-1-2029 | 510,000 | 484,012 | ||
Pharmaceuticals: 0.25% | ||||||
Teva Pharmaceutical Finance Netherlands III BV | 3.15 | 10-1-2026 | 975,000 | 881,572 | ||
Energy: 0.20% | ||||||
Oil & gas: 0.20% | ||||||
Petroleos Mexicanos | 2.29 | 2-15-2024 | 13,750 | 13,507 | ||
Petroleos Mexicanos | 2.83 | 2-15-2024 | 28,750 | 28,309 | ||
Petroleos Mexicanos | 6.38 | 1-23-2045 | 1,080,000 | 656,407 | ||
698,223 | ||||||
Financial: 3.94% | ||||||
Banks: 3.94% | ||||||
Bank of Montreal | 5.20 | 2-1-2028 | 460,000 | 456,136 | ||
Bank of Montreal Series H | 4.70 | 9-14-2027 | 110,000 | 107,271 | ||
Bank of Nova Scotia | 1.30 | 9-15-2026 | 1,040,000 | 921,540 | ||
BNP Paribas SA144A | 4.40 | 8-14-2028 | 520,000 | 491,528 | ||
BNP Paribas SA (U.S. SOFR 3 Month+1.37%)144A± | 2.82 | 11-19-2025 | 820,000 | 786,832 | ||
BPCE SA144A | 4.75 | 7-19-2027 | 420,000 | 405,943 | ||
Cooperatieve Rabobank UA (1 Year Treasury Constant Maturity+0.73%)144A± | 1.98 | 12-15-2027 | 1,060,000 | 935,544 |
See accompanying notes to portfolio of investments
18 | Allspring Managed Fixed Income Portfolio
Portfolio of investments—August 31, 2023 (unaudited)
Interest rate | Maturity date | Principal | Value | |||
Banks (continued) | ||||||
Cooperatieve Rabobank UA (1 Year Treasury Constant Maturity+1.00%)144A± | 1.34 % | 6-24-2026 | $ | 530,000 | $488,353 | |
Credit Suisse Group AG (3 Month LIBOR+1.41%)144A± | 3.87 | 1-12-2029 | 1,500,000 | 1,378,967 | ||
HSBC Holdings PLC (U.S. SOFR+1.41%)± | 2.87 | 11-22-2032 | 270,000 | 214,867 | ||
HSBC Holdings PLC (U.S. SOFR 3 Month+1.80%)± | 4.58 | 6-19-2029 | 1,500,000 | 1,416,122 | ||
Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant Maturity+0.75%)± | 1.54 | 7-20-2027 | 1,050,000 | 936,063 | ||
Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant Maturity+0.83%)± | 2.34 | 1-19-2028 | 300,000 | 269,170 | ||
Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant Maturity+0.97%)± | 2.49 | 10-13-2032 | 260,000 | 208,357 | ||
Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant Maturity+2.13%)± | 5.13 | 7-20-2033 | 250,000 | 242,699 | ||
Royal Bank of Canada | 1.40 | 11-2-2026 | 830,000 | 735,342 | ||
Royal Bank of Canada | 4.24 | 8-3-2027 | 200,000 | 192,492 | ||
Sumitomo Mitsui Financial Group, Inc. | 1.47 | 7-8-2025 | 430,000 | 398,099 | ||
Sumitomo Mitsui Financial Group, Inc. | 1.90 | 9-17-2028 | 660,000 | 554,920 | ||
Sumitomo Mitsui Financial Group, Inc. | 2.17 | 1-14-2027 | 200,000 | 179,386 | ||
Toronto-Dominion Bank | 1.25 | 9-10-2026 | �� | 1,130,000 | 1,001,421 | |
Toronto-Dominion Bank | 3.20 | 3-10-2032 | 410,000 | 349,278 | ||
Toronto-Dominion Bank | 4.46 | 6-8-2032 | 230,000 | 214,240 | ||
UBS Group AG144A | 4.25 | 3-23-2028 | 750,000 | 701,681 | ||
UBS Group AG (1 Year Treasury Constant Maturity+1.10%)144A± | 2.75 | 2-11-2033 | 200,000 | 157,555 | ||
UBS Group AG (1 Year Treasury Constant Maturity+2.40%)144A± | 4.99 | 8-5-2033 | 250,000 | 232,980 | ||
13,976,786 | ||||||
Industrial: 0.54% | ||||||
Aerospace/defense: 0.17% | ||||||
Embraer Netherlands Finance BV144A | 7.00 | 7-28-2030 | 600,000 | 608,061 | ||
Building materials: 0.14% | ||||||
Masonite International Corp.144A | 5.38 | 2-1-2028 | 510,000 | 483,225 | ||
Electronics: 0.23% | ||||||
Sensata Technologies BV144A | 4.00 | 4-15-2029 | 935,000 | 821,225 | ||
Technology: 0.47% | ||||||
Semiconductors: 0.23% | ||||||
NXP BV/NXP Funding LLC/NXP USA, Inc. | 2.65 | 2-15-2032 | 870,000 | 697,032 | ||
NXP BV/NXP Funding LLC/NXP USA, Inc. | 5.00 | 1-15-2033 | 110,000 | 104,485 | ||
801,517 | ||||||
Software: 0.24% | ||||||
Open Text Corp.144A | 3.88 | 2-15-2028 | 350,000 | 311,472 | ||
Open Text Corp.144A | 6.90 | 12-1-2027 | 550,000 | 557,169 | ||
868,641 | ||||||
Total yankee corporate bonds and notes (Cost $24,668,263) | 22,341,683 |
See accompanying notes to portfolio of investments
Allspring Managed Fixed Income Portfolio | 19
Portfolio of investments—August 31, 2023 (unaudited)
Yield | Shares | Value | ||||
Short-term investments: 1.52% | ||||||
Investment companies: 1.52% | ||||||
Allspring Government Money Market Fund Select Class♠∞## | 5.26 % | 5,396,838 | $5,396,838 | |||
Total short-term investments (Cost $5,396,838) | 5,396,838 | |||||
Total investments in securities (Cost $397,426,109) | 99.62 % | 353,654,877 | ||||
Other assets and liabilities, net | 0.38 | 1,347,592 | ||||
Total net assets | 100.00 % | $355,002,469 |
±± | 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. |
± | Variable rate investment. The rate shown is the rate in effect at period end. |
%% | The security is purchased on a when-issued basis. |
♠ | The issuer of the security is an affiliated person of the Portfolio as defined in the Investment Company Act of 1940. |
∞ | The rate represents the 7-day annualized yield at period end. |
## | All or a portion of this security is segregated for when-issued securities. |
Abbreviations: | |
AGM | Assured Guaranty Municipal |
CDA | Community Development Authority |
CERF | Credit Enhancement Reserve Fund |
FHLMC | Federal Home Loan Mortgage Corporation |
FNMA | Federal National Mortgage Association |
GNMA | Government National Mortgage Association |
GO | General obligation |
LIBOR | London Interbank Offered Rate |
PFA | Public Finance Authority |
REIT | Real estate investment trust |
SOFR | Secured Overnight Financing Rate |
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 | $3,306,167 | $24,854,430 | $(22,763,759 ) | $0 | $0 | $5,396,838 | 5,396,838 | $51,684 |
See accompanying notes to portfolio of investments
20 | Allspring Managed Fixed Income 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.
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.
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 | $71,321,802 | $0 | $71,321,802 |
Asset-backed securities | 0 | 29,854,392 | 0 | 29,854,392 |
Corporate bonds and notes | 0 | 137,708,866 | 0 | 137,708,866 |
Municipal obligations | 0 | 29,239,654 | 0 | 29,239,654 |
Non-agency mortgage-backed securities | 0 | 26,744,132 | 0 | 26,744,132 |
U.S. Treasury securities | 31,047,510 | 0 | 0 | 31,047,510 |
Yankee corporate bonds and notes | 0 | 22,341,683 | 0 | 22,341,683 |
Short-term investments | ||||
Investment companies | 5,396,838 | 0 | 0 | 5,396,838 |
Total assets | $36,444,348 | $317,210,529 | $0 | $353,654,877 |
Additional sector, industry or geographic detail, if any, is included in the Portfolio of Investments.
Allspring Managed Fixed Income Portfolio | 21