Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Agency securities:β0.43% | Β | Β | Β | Β | Β | Β |
FHLMC (5 Year Treasury Constant Maturity +2.11%)βΒ± | Β | 2.66% | 9-1-2032 | $ | ββββββββ233,007 | $βββββ223,091 |
FHLMCβ | Β | 8.50 | 7-1-2028 | Β | ββββββββββ7,935 | βββββββ8,165 |
FHLMC Series 1383 (1 Year Treasury Constant Maturity +2.25%)βΒ± | Β | 4.02 | 2-1-2037 | Β | βββββββββ44,872 | ββββββ45,730 |
FHLMC Series 2013-K30 Class Bβ144AΒ±Β± | Β | 3.55 | 6-25-2045 | Β | ββββββββ700,000 | βββββ693,692 |
FHLMC Series 2390 Class FD (1 Month LIBOR +0.45%)βΒ± | Β | 4.91 | 12-15-2031 | Β | ββββββββββ5,798 | βββββββ5,784 |
FHLMC Series 2567 Class FH (1 Month LIBOR +0.40%)βΒ± | Β | 4.86 | 2-15-2033 | Β | βββββββββ23,630 | ββββββ23,518 |
FNMA (6 Month LIBOR +1.64%)βΒ± | Β | 3.89 | 9-1-2037 | Β | ββββββββββ1,466 | βββββββ1,432 |
FNMAβ | Β | 6.00 | 4-1-2033 | Β | βββββββββ43,518 | ββββββ43,406 |
FNMA Series 1997-20 Class IOββΒ±Β± | Β | 1.84 | 3-25-2027 | Β | βββββββββ19,440 | βββββββββ141 |
FNMA Series 2001-25 Class Zβ | Β | 6.00 | 6-25-2031 | Β | βββββββββ25,664 | ββββββ26,190 |
FNMA Series 2001-35 Class F (1 Month LIBOR +0.60%)βΒ± | Β | 5.11 | 7-25-2031 | Β | ββββββββββ1,731 | βββββββ1,728 |
FNMA Series 2001-57 Class F (1 Month LIBOR +0.50%)βΒ± | Β | 5.01 | 6-25-2031 | Β | ββββββββββ1,743 | βββββββ1,740 |
FNMA Series 2002-77 Class FH (1 Month LIBOR +0.40%)βΒ± | Β | 4.85 | 12-18-2032 | Β | ββββββββββ9,730 | βββββββ9,702 |
FNMA Series 2002-97 Class FR (1 Month LIBOR +0.55%)βΒ± | Β | 5.06 | 1-25-2033 | Β | ββββββββββ2,606 | βββββββ2,605 |
GNMAβ | Β | 6.50 | 6-15-2028 | Β | ββββββββββ9,707 | ββββββ10,061 |
GNMA Series 2019-H06 Class HIββΒ±Β± | Β | 1.81 | 4-20-2069 | Β | ββββββ3,106,862 | ββββββ98,783 |
Total Agency securities (Cost $1,175,328) | Β | Β | Β | Β | Β | βββ1,195,768 |
Asset-backed securities:β1.21% | Β | Β | Β | Β | Β | Β |
Acres plc Series 2021-FL2 Class A (1 Month LIBOR +1.40%)β144AΒ± | Β | 5.86 | 1-15-2037 | Β | ββββββββ500,000 | βββββ488,007 |
Aqua Finance Trust Series 2021-A Class Aββ144A | Β | 1.54 | 7-17-2046 | Β | ββββββββ470,718 | βββββ422,684 |
Asset-Backed Funding Certificates Series 2003-AHL1 Class A1β | Β | 4.18 | 3-25-2033 | Β | βββββββββ71,478 | ββββββ69,475 |
Bear Stearns Asset Backed Securities Series 2002-2 Class A1 (1 Month LIBOR +0.66%)βΒ± | Β | 5.17 | 10-25-2032 | Β | βββββββββ51,819 | ββββββ51,072 |
DT Auto Owner Trust Series 2019-2A Class Dβ144A | Β | 3.48 | 2-18-2025 | Β | ββββββββ476,607 | βββββ474,534 |
Five Guys Funding LLC Series 17-1A Class A2β144A | Β | 4.60 | 7-25-2047 | Β | 985,000 | 930,401 |
Mesa Trust Asset Backed Certificates Series 2001-5 Class A (1 Month LIBOR +0.80%)β144AΒ± | Β | 5.31 | 12-25-2031 | Β | 1,053 | 1,052 |
PFS Financing Corporation Series 2021-A Class Aβ144A | Β | 0.71 | 4-15-2026 | Β | 1,000,000 | 947,106 |
Total Asset-backed securities (Cost $3,580,818) | Β | Β | Β | Β | Β | 3,384,331 |
Β Β Β Β
Β | Β | Β | Β | Shares | Β | |
Common stocks:β0.63% | Β | Β | Β | Β | Β | Β |
Energy:β0.37% | Β | Β | Β | Β | Β | Β |
Energy equipment & services:β0.21% | Β | Β | Β | Β | Β | Β |
Bristow Group Incorporatedββ | Β | Β | Β | Β | βββββββββ18,989 | βββββ579,924 |
See accompanying notes to portfolio of investments
Allspring Multi-Sector Income FundΒ Β |Β Β 1
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Β | Β | Shares | Value | |
Oil, gas & consumable fuels:β0.16% | Β | Β | Β | Β | Β | Β |
Denbury Incorporatedββ | Β | Β | Β | Β | ββββββββββ5,183 | $βββββ449,781 |
Financials:β0.26% | Β | Β | Β | Β | Β | Β |
Mortgage REITs:β0.26% | Β | Β | Β | Β | Β | Β |
Blackstone Mortgage Trust Incorporated Class Aβ | Β | Β | Β | Β | βββββββββ14,944 | βββββ356,265 |
Starwood Property Trust Incorporatedβ | Β | Β | Β | Β | βββββββββ18,508 | βββββ386,632 |
Β | Β | Β | Β | Β | Β | βββββ742,897 |
Total Common stocks (Cost $1,345,167) | Β | Β | Β | Β | Β | βββ1,772,602 |
Β Β Β Β
Β | Β | Interest rate | Maturity date | Principal | Β | |
Corporate bonds and notes:β69.63% | Β | Β | Β | Β | Β | Β |
Communication services:β10.07% | Β | Β | Β | Β | Β | Β |
Diversified telecommunication services:β0.44% | Β | Β | Β | Β | Β | Β |
Cablevision Lightpath LLCβ144A | Β | 3.88% | 9-15-2027 | $ | ββββββββ605,000 | βββββ514,238 |
Cablevision Lightpath LLCβ144A | Β | 5.63 | 9-15-2028 | Β | ββββββββ140,000 | βββββ107,450 |
Level 3 Financing Incorporatedβ144A | Β | 3.63 | 1-15-2029 | Β | ββββββββ425,000 | βββββ316,200 |
Level 3 Financing Incorporatedβ144A | Β | 4.25 | 7-1-2028 | Β | ββββββββ375,000 | βββββ297,184 |
Β | Β | Β | Β | Β | Β | βββ1,235,072 |
Entertainment:β1.08% | Β | Β | Β | Β | Β | Β |
Dave & Buster's Incorporatedβ144A | Β | 7.63 | 11-1-2025 | Β | ββββββββ350,000 | βββββ355,723 |
Live Nation Entertainment Incorporatedβ144A | Β | 3.75 | 1-15-2028 | Β | ββββββββ870,000 | βββββ774,028 |
Live Nation Entertainment Incorporatedβ144A | Β | 5.63 | 3-15-2026 | Β | ββββββββ528,000 | βββββ512,287 |
Live Nation Entertainment Incorporatedβ144A | Β | 6.50 | 5-15-2027 | Β | ββββββ1,380,000 | βββ1,387,642 |
Β | Β | Β | Β | Β | Β | βββ3,029,680 |
Media:β8.28% | Β | Β | Β | Β | Β | Β |
CCO Holdings LLCβ144A | Β | 4.25 | 1-15-2034 | Β | ββββββββ700,000 | βββββ545,685 |
CCO Holdings LLCβ144A | Β | 4.50 | 8-15-2030 | Β | ββββββ1,900,000 | βββ1,623,474 |
CCO Holdings LLCβ | Β | 4.50 | 5-1-2032 | Β | ββββββββ250,000 | βββββ206,875 |
CCO Holdings LLCβ144A | Β | 5.00 | 2-1-2028 | Β | ββββββββ150,000 | βββββ140,063 |
CCO Holdings LLCβ144A | Β | 5.13 | 5-1-2027 | Β | ββββββββ600,000 | βββββ571,830 |
Charter Communications Operating LLCβ | Β | 5.05 | 3-30-2029 | Β | ββββββββ675,000 | βββββ657,665 |
Cinemark USA Incorporatedβ144A | Β | 5.25 | 7-15-2028 | Β | ββββββ1,650,000 | βββ1,352,472 |
Cinemark USA Incorporatedβ144A | Β | 5.88 | 3-15-2026 | Β | ββββββββ420,000 | βββββ377,150 |
Cinemark USA Incorporatedβ144A | Β | 8.75 | 5-1-2025 | Β | ββββββ1,005,000 | βββ1,023,545 |
Clear Channel Outdoor Holdingsβ144A | Β | 7.50 | 6-1-2029 | Β | 1,225,000 | 998,375 |
CSC Holdings LLCβ144A | Β | 4.63 | 12-1-2030 | Β | 625,000 | 369,564 |
CSC Holdings LLCβ144A | Β | 5.75 | 1-15-2030 | Β | 1,750,000 | 1,102,500 |
DIRECTV Financing LLCβ144A | Β | 5.88 | 8-15-2027 | Β | 1,115,000 | 1,009,973 |
DISH DBS Corporationβ144A | Β | 5.75 | 12-1-2028 | Β | 1,015,000 | 830,455 |
DISH Network Corporationβ144A | Β | 11.75 | 11-15-2027 | Β | 500,000 | 519,600 |
Gray Escrow II Incorporatedβ144A | Β | 5.38 | 11-15-2031 | Β | 2,300,000 | 1,768,758 |
Gray Television Incorporatedβ144A | Β | 4.75 | 10-15-2030 | Β | 1,850,000 | 1,364,375 |
Match Group Holdings II LLCβ144A | Β | 5.63 | 2-15-2029 | Β | 1,081,000 | 1,016,255 |
Nexstar Broadcasting Incorporatedβ144A | Β | 4.75 | 11-1-2028 | Β | 450,000 | 406,206 |
Nexstar Broadcasting Incorporatedβ144A | Β | 5.63 | 7-15-2027 | Β | 750,000 | 714,428 |
Outfront Media Capital Corporationβ144A | Β | 4.63 | 3-15-2030 | Β | 675,000 | 579,764 |
Outfront Media Capital Corporationβ144A | Β | 5.00 | 8-15-2027 | Β | 50,000 | 45,993 |
QVC Incorporated | Β | 4.38 | 9-1-2028 | Β | 1,283,000 | 827,506 |
QVC Incorporated | Β | 4.75 | 2-15-2027 | Β | 975,000 | 738,865 |
See accompanying notes to portfolio of investments
2Β Β |Β Β Allspring Multi-Sector Income Fund
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Media (continued) | Β | Β | Β | Β | Β | Β |
QVC Incorporated | Β | 5.95% | 3-15-2043 | $ | ββββββββ450,000 | $βββββ232,678 |
Salem Media Group Incorporatedβ144A | Β | 6.75 | 6-1-2024 | Β | ββββββββ340,000 | βββββ328,950 |
Scripps Escrow II Incorporatedβ144A | Β | 3.88 | 1-15-2029 | Β | ββββββββ170,000 | βββββ142,020 |
Scripps Escrow II Incorporatedβ144A | Β | 5.38 | 1-15-2031 | Β | ββββββ2,425,000 | βββ1,956,975 |
Scripps Escrow II Incorporatedβ144A | Β | 5.88 | 7-15-2027 | Β | ββββββββ100,000 | ββββββ89,250 |
Townsquare Media Incorporatedβ144A | Β | 6.88 | 2-1-2026 | Β | ββββββ1,785,000 | βββ1,669,849 |
Β | Β | Β | Β | Β | Β | ββ23,211,098 |
Wireless telecommunication services:β0.27% | Β | Β | Β | Β | Β | Β |
Sprint Spectrum Companyβ144A | Β | 5.15 | 9-20-2029 | Β | ββββββββ750,000 | βββββ748,698 |
Consumer discretionary:β9.51% | Β | Β | Β | Β | Β | Β |
Auto components:β0.48% | Β | Β | Β | Β | Β | Β |
Allison Transmission Incorporatedβ144A | Β | 5.88 | 6-1-2029 | Β | ββββββββ240,000 | βββββ231,065 |
Clarios Global LPβ144A | Β | 6.25 | 5-15-2026 | Β | ββββββββ305,000 | βββββ302,987 |
Cooper Tire & Rubber Company | Β | 7.63 | 3-15-2027 | Β | ββββββββ805,000 | βββββ814,448 |
Β | Β | Β | Β | Β | Β | βββ1,348,500 |
Automobiles:β0.18% | Β | Β | Β | Β | Β | Β |
Ford Motor Companyβ | Β | 3.25 | 2-12-2032 | Β | ββββββββ645,000 | βββββ511,915 |
Diversified consumer services:β0.42% | Β | Β | Β | Β | Β | Β |
Service Corporation International | Β | 7.50 | 4-1-2027 | Β | ββββββ1,125,000 | βββ1,169,861 |
Hotels, restaurants & leisure:β5.22% | Β | Β | Β | Β | Β | Β |
Carnival Corporationβ144A | Β | 4.00 | 8-1-2028 | Β | ββββββββ760,000 | βββββ656,625 |
Carnival Corporationβ144A | Β | 6.00 | 5-1-2029 | Β | ββββββββ640,000 | βββββ505,600 |
Carnival Corporationβ144A | Β | 9.88 | 8-1-2027 | Β | ββββββββ425,000 | βββββ436,688 |
Carnival Corporationβ144A | Β | 10.50 | 2-1-2026 | Β | 325,000 | 339,921 |
Carnival Holdings Bermuda Limitedβ144A | Β | 10.38 | 5-1-2028 | Β | 530,000 | 572,400 |
CCM Merger Incorporatedβ144A | Β | 6.38 | 5-1-2026 | Β | 2,505,000 | 2,423,588 |
Cedar Fair LPβ144A | Β | 5.50 | 5-1-2025 | Β | 500,000 | 496,359 |
Churchill Downs Incorporatedβ144A | Β | 4.75 | 1-15-2028 | Β | 585,000 | 547,361 |
Las Vegas Sands Corporation | Β | 3.20 | 8-8-2024 | Β | 1,050,000 | 1,010,500 |
MGM Resorts International | Β | 6.75 | 5-1-2025 | Β | 400,000 | 402,927 |
NCL Corporation Limitedβ144A | Β | 5.88 | 3-15-2026 | Β | 1,415,000 | 1,223,947 |
NCL Corporation Limitedβ144A | Β | 5.88 | 2-15-2027 | Β | 900,000 | 836,775 |
NCL Corporation Limitedβ144A | Β | 7.75 | 2-15-2029 | Β | 560,000 | 481,561 |
Royal Caribbean Cruises Limitedβ144A | Β | 5.38 | 7-15-2027 | Β | 130,000 | 113,085 |
Royal Caribbean Cruises Limitedβ144A | Β | 5.50 | 8-31-2026 | Β | 345,000 | 308,762 |
Royal Caribbean Cruises Limitedβ144A | Β | 5.50 | 4-1-2028 | Β | 1,885,000 | 1,621,100 |
Royal Caribbean Cruises Limitedβ144A | Β | 9.25 | 1-15-2029 | Β | 600,000 | 632,922 |
Royal Caribbean Cruises Limitedβ144A | Β | 11.63 | 8-15-2027 | Β | 1,005,000 | 1,066,501 |
Six Flags Entertainment Companyβ144A | Β | 5.50 | 4-15-2027 | Β | 400,000 | 377,024 |
Six Flags Entertainment Companyβ144A | Β | 7.00 | 7-1-2025 | Β | 579,000 | 585,318 |
Β | Β | Β | Β | Β | Β | 14,638,964 |
Household durables:β0.25% | Β | Β | Β | Β | Β | Β |
Toll Brothers Finance Corporation | Β | 4.35 | 2-15-2028 | Β | 745,000 | 700,536 |
Multiline retail:β1.09% | Β | Β | Β | Β | Β | Β |
LSF9 Atlantis Holdings LLCβ144A | Β | 7.75 | 2-15-2026 | Β | 1,625,000 | 1,482,813 |
Macy's Retail Holdings LLCβ144A | Β | 5.88 | 4-1-2029 | Β | 765,000 | 711,461 |
See accompanying notes to portfolio of investments
Allspring Multi-Sector Income FundΒ Β |Β Β 3
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Multiline retail (continued) | Β | Β | Β | Β | Β | Β |
Macy's Retail Holdings LLCβ144A | Β | 6.13% | 3-15-2032 | $ | ββββββββ235,000 | $βββββ210,325 |
Nordstrom Incorporatedβ | Β | 4.00 | 3-15-2027 | Β | ββββββββ750,000 | βββββ647,639 |
Β | Β | Β | Β | Β | Β | βββ3,052,238 |
Specialty retail:β1.29% | Β | Β | Β | Β | Β | Β |
Bath & Body Works Incorporatedβ144A | Β | 9.38 | 7-1-2025 | Β | ββββββββ420,000 | βββββ449,539 |
Michaels Companies Incorporatedβ144A | Β | 7.88 | 5-1-2029 | Β | ββββββββ720,000 | βββββ547,200 |
NMG Holding Company Incorporatedβ144A | Β | 7.13 | 4-1-2026 | Β | ββββββ1,040,000 | βββββ993,059 |
PetSmart Incorporatedβ144A | Β | 4.75 | 2-15-2028 | Β | ββββββββ550,000 | βββββ508,741 |
Rent-A-Center Incorporatedβ144A | Β | 6.38 | 2-15-2029 | Β | ββββββ1,300,000 | βββ1,105,000 |
Β | Β | Β | Β | Β | Β | βββ3,603,539 |
Textiles, apparel & luxury goods:β0.58% | Β | Β | Β | Β | Β | Β |
G-III Apparel Group Limitedβ144A | Β | 7.88 | 8-15-2025 | Β | ββββββ1,720,000 | βββ1,633,585 |
Consumer staples:β0.38% | Β | Β | Β | Β | Β | Β |
Food products:β0.38% | Β | Β | Β | Β | Β | Β |
CHS Incorporatedβ144A | Β | 5.25 | 5-15-2030 | Β | ββββββββ665,000 | βββββ536,602 |
CHS Incorporatedβ144A | Β | 6.00 | 1-15-2029 | Β | βββββββββ40,000 | ββββββ35,110 |
US Foods Incorporatedβ144A | Β | 6.25 | 4-15-2025 | Β | ββββββββ500,000 | βββββ500,905 |
Β | Β | Β | Β | Β | Β | βββ1,072,617 |
Energy:β14.01% | Β | Β | Β | Β | Β | Β |
Energy equipment & services:β3.16% | Β | Β | Β | Β | Β | Β |
Bristow Group Incorporatedβ144A | Β | 6.88 | 3-1-2028 | Β | ββββββ2,350,000 | βββ2,238,892 |
Hilcorp Energy Companyβ144A | Β | 5.75 | 2-1-2029 | Β | βββββββββ80,000 | ββββββ74,400 |
Hilcorp Energy Companyβ144A | Β | 6.00 | 4-15-2030 | Β | ββββββββ145,000 | βββββ134,800 |
Hilcorp Energy Companyβ144A | Β | 6.00 | 2-1-2031 | Β | 300,000 | 277,410 |
Hilcorp Energy Companyβ144A | Β | 6.25 | 11-1-2028 | Β | 350,000 | 336,179 |
Hilcorp Energy Companyβ144A | Β | 6.25 | 4-15-2032 | Β | 145,000 | 133,841 |
Oceaneering International Incorporated | Β | 4.65 | 11-15-2024 | Β | 500,000 | 485,055 |
Oceaneering International Incorporated | Β | 6.00 | 2-1-2028 | Β | 1,580,000 | 1,510,959 |
Pattern Energy Operations LPβ144A | Β | 4.50 | 8-15-2028 | Β | 2,890,000 | 2,651,575 |
USA Compression Partners LPβ | Β | 6.88 | 4-1-2026 | Β | 970,000 | 952,007 |
USA Compression Partners LPβ | Β | 6.88 | 9-1-2027 | Β | 65,000 | 63,050 |
Β | Β | Β | Β | Β | Β | 8,858,168 |
Oil, gas & consumable fuels:β10.85% | Β | Β | Β | Β | Β | Β |
Aethon Unitedβ144A | Β | 8.25 | 2-15-2026 | Β | 1,225,000 | 1,218,875 |
Apache Corporation | Β | 4.38 | 10-15-2028 | Β | 750,000 | 693,523 |
Archrock Partners LPβ144A | Β | 6.25 | 4-1-2028 | Β | 475,000 | 451,250 |
Archrock Partners LPβ144A | Β | 6.88 | 4-1-2027 | Β | 500,000 | 490,000 |
Boardwalk Pipelines LPβ | Β | 4.80 | 5-3-2029 | Β | 750,000 | 738,668 |
Buckeye Partners LPβ | Β | 5.85 | 11-15-2043 | Β | 1,125,000 | 860,625 |
CQP Holdco LPβ144A | Β | 5.50 | 6-15-2031 | Β | 1,550,000 | 1,411,453 |
Crestwood Midstream Partners LPβ | Β | 5.75 | 4-1-2025 | Β | 25,000 | 24,646 |
DT Midstream Incorporatedβ144A | Β | 4.13 | 6-15-2029 | Β | 300,000 | 263,250 |
DT Midstream Incorporatedβ144A | Β | 4.38 | 6-15-2031 | Β | 725,000 | 634,173 |
Encino Acquisition Partners Companyβ144A | Β | 8.50 | 5-1-2028 | Β | 2,135,000 | 1,990,482 |
EnLink Midstream Partners LPβ | Β | 5.05 | 4-1-2045 | Β | 1,025,000 | 805,801 |
EnLink Midstream Partners LPβ | Β | 5.38 | 6-1-2029 | Β | 1,465,000 | 1,411,974 |
EnLink Midstream Partners LPβ | Β | 5.60 | 4-1-2044 | Β | 750,000 | 628,193 |
EnLink Midstream Partners LPβ144A | Β | 5.63 | 1-15-2028 | Β | 170,000 | 166,175 |
See accompanying notes to portfolio of investments
4Β Β |Β Β Allspring Multi-Sector Income Fund
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Oil, gas & consumable fuels (continued) | Β | Β | Β | Β | Β | Β |
EnLink Midstream Partners LPβ144A | Β | 6.50% | 9-1-2030 | $ | ββββββββ670,000 | $βββββ682,563 |
Enviva Partners LPβ144A | Β | 6.50 | 1-15-2026 | Β | ββββββ3,675,000 | βββ3,430,282 |
EQM Midstream Partnersβ144A | Β | 7.50 | 6-1-2027 | Β | βββββββββ10,000 | ββββββ10,000 |
EQM Midstream Partnersβ144A | Β | 7.50 | 6-1-2030 | Β | ββββββ1,160,000 | βββ1,158,550 |
Harvest Midstream LPβ144A | Β | 7.50 | 9-1-2028 | Β | ββββββββ760,000 | βββββ747,650 |
Hess Midstream Operation Companyβ144A | Β | 5.50 | 10-15-2030 | Β | ββββββββ145,000 | βββββ135,228 |
Kinetik Holdings LP Companyβ144A | Β | 5.88 | 6-15-2030 | Β | ββββββ1,140,000 | βββ1,083,000 |
Murphy Oil Corporation | Β | 6.38 | 7-15-2028 | Β | ββββββββ485,000 | βββββ479,649 |
Nabors Industries Limitedβ144A | Β | 7.38 | 5-15-2027 | Β | ββββββββ840,000 | βββββ841,092 |
Nabors Industries Limitedβ144A | Β | 9.00 | 2-1-2025 | Β | βββββββββ78,000 | ββββββ79,342 |
Occidental Petroleum Corporation | Β | 6.45 | 9-15-2036 | Β | ββββββ3,190,000 | βββ3,354,700 |
Plains All American Pipeline LPβ | Β | 3.85 | 10-15-2023 | Β | ββββββββ750,000 | βββββ742,469 |
Rockies Express Pipeline LLCβ144A | Β | 6.88 | 4-15-2040 | Β | ββββββ1,140,000 | βββββ966,078 |
Southwestern Energy Company | Β | 4.75 | 2-1-2032 | Β | ββββββββ740,000 | βββββ652,325 |
Southwestern Energy Company | Β | 7.75 | 10-1-2027 | Β | ββββββββ265,000 | βββββ276,363 |
Southwestern Energy Company | Β | 8.38 | 9-15-2028 | Β | ββββββββ650,000 | βββββ682,721 |
Tallgrass Energy Partners LPβ144A | Β | 6.00 | 12-31-2030 | Β | ββββββ1,085,000 | βββββ988,196 |
Tallgrass Energy Partners LPβ144A | Β | 6.00 | 9-1-2031 | Β | ββββββββ370,000 | βββββ333,000 |
Venture Global Calcasieu Pass LLCβ144A | Β | 6.25 | 1-15-2030 | Β | ββββββ1,020,000 | βββ1,039,156 |
Venture Global LNG Incorporatedβ144A | Β | 3.88 | 11-1-2033 | Β | ββββββββ180,000 | βββββ152,901 |
Vital Energy Incorporated | Β | 9.50 | 1-15-2025 | Β | ββββββββ770,000 | βββββ777,022 |
Β | Β | Β | Β | Β | Β | ββ30,401,375 |
Financials:β12.41% | Β | Β | Β | Β | Β | Β |
Banks:β0.51% | Β | Β | Β | Β | Β | Β |
Citigroup Incorporated (U.S. SOFR +3.23%)βΚΒ± | Β | 4.70 | 1-30-2025 | Β | 750,000 | 685,256 |
JPMorgan Chase & Company (3 Month LIBOR +3.25%)βΒ± | Β | 5.15 | 12-29-2049 | Β | 750,000 | 743,384 |
Β | Β | Β | Β | Β | Β | 1,428,640 |
Capital markets:β0.42% | Β | Β | Β | Β | Β | Β |
Oppenheimer Holdings Incorporatedβ | Β | 5.50 | 10-1-2025 | Β | 1,200,000 | 1,179,000 |
Consumer finance:β5.06% | Β | Β | Β | Β | Β | Β |
FirstCash Incorporatedβ144A | Β | 4.63 | 9-1-2028 | Β | 445,000 | 399,944 |
FirstCash Incorporatedβ144A | Β | 5.63 | 1-1-2030 | Β | 545,000 | 498,638 |
Ford Motor Credit Company LLCβ | Β | 4.00 | 11-13-2030 | Β | 590,000 | 515,153 |
Ford Motor Credit Company LLCβ | Β | 4.39 | 1-8-2026 | Β | 2,350,000 | 2,255,601 |
Ford Motor Credit Company LLCβ | Β | 5.11 | 5-3-2029 | Β | 2,175,000 | 2,061,264 |
Ford Motor Credit Company LLCβ | Β | 5.13 | 6-16-2025 | Β | 225,000 | 221,146 |
LFS TopCo LLCβ144A | Β | 5.88 | 10-15-2026 | Β | 755,000 | 624,559 |
Navient Corporation | Β | 5.00 | 3-15-2027 | Β | 1,215,000 | 1,108,788 |
Navient Corporation | Β | 5.63 | 8-1-2033 | Β | 825,000 | 639,463 |
Navient Corporation | Β | 5.88 | 10-25-2024 | Β | 250,000 | 247,260 |
OneMain Finance Corporation | Β | 5.38 | 11-15-2029 | Β | 475,000 | 415,910 |
OneMain Finance Corporation | Β | 6.13 | 3-15-2024 | Β | 750,000 | 743,603 |
OneMain Finance Corporation | Β | 7.13 | 3-15-2026 | Β | 400,000 | 397,382 |
PECF USS Intermediate Holding III Corporationβ144A | Β | 8.00 | 11-15-2029 | Β | 835,000 | 636,688 |
PRA Group Incorporatedβ144A | Β | 5.00 | 10-1-2029 | Β | 1,530,000 | 1,313,257 |
Rocket Mortgage LLCβ144A | Β | 2.88 | 10-15-2026 | Β | 965,000 | 860,360 |
See accompanying notes to portfolio of investments
Allspring Multi-Sector Income FundΒ Β |Β Β 5
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Consumer finance (continued) | Β | Β | Β | Β | Β | Β |
Rocket Mortgage LLCβ144A | Β | 4.00% | 10-15-2033 | $ | ββββββββ665,000 | $βββββ527,372 |
Synchrony Financial | Β | 5.15 | 3-19-2029 | Β | ββββββββ750,000 | βββββ715,972 |
Β | Β | Β | Β | Β | Β | ββ14,182,360 |
Diversified financial services:β1.47% | Β | Β | Β | Β | Β | Β |
Camelot Return Merger Sub Incorporatedβ144A | Β | 8.75 | 8-1-2028 | Β | ββββββ1,090,000 | βββ1,024,873 |
Hat Holdings LLCβ144A | Β | 3.38 | 6-15-2026 | Β | ββββββββ630,000 | βββββ559,125 |
Hat Holdings LLCβ144A | Β | 3.75 | 9-15-2030 | Β | ββββββββ325,000 | βββββ248,392 |
Hat Holdings LLCβ144A | Β | 6.00 | 4-15-2025 | Β | ββββββββ255,000 | βββββ249,263 |
LPL Holdings Incorporatedβ144A | Β | 4.38 | 5-15-2031 | Β | ββββββ1,220,000 | βββ1,068,244 |
United Wholesale Mortgage LLCβ144A | Β | 5.50 | 11-15-2025 | Β | ββββββ1,030,000 | βββββ963,403 |
Β | Β | Β | Β | Β | Β | βββ4,113,300 |
Insurance:β2.91% | Β | Β | Β | Β | Β | Β |
Amwins Group Incorporatedβ144A | Β | 4.88 | 6-30-2029 | Β | ββββββ1,370,000 | βββ1,201,715 |
Assurant Incorporated | Β | 3.70 | 2-22-2030 | Β | ββββββββ750,000 | βββββ663,174 |
AssuredPartners Incorporatedβ144A | Β | 5.63 | 1-15-2029 | Β | ββββββββ665,000 | βββββ568,828 |
Brighthouse Financial Incorporated | Β | 4.70 | 6-22-2047 | Β | ββββββββ850,000 | βββββ691,072 |
Broadstreet Partners Incorporatedβ144A | Β | 5.88 | 4-15-2029 | Β | ββββββ1,690,000 | βββ1,492,794 |
HUB International Limitedβ144A | Β | 5.63 | 12-1-2029 | Β | ββββββββ420,000 | βββββ375,846 |
Liberty Mutual Group Incorporatedβ144A | Β | 4.57 | 2-1-2029 | Β | ββββββββ750,000 | βββββ733,504 |
MetLife Incorporated | Β | 6.40 | 12-15-2066 | Β | ββββββ1,000,000 | βββ1,018,615 |
Prudential Financial Incorporated (3 Month LIBOR +2.38%)βΒ± | Β | 4.50 | 9-15-2047 | Β | ββββββββ750,000 | βββββ703,387 |
Sammons Financial Group Incorporatedβ144A | Β | 4.45 | 5-12-2027 | Β | ββββββββ750,000 | βββββ707,335 |
Β | Β | Β | Β | Β | Β | βββ8,156,270 |
Mortgage REITs:β0.45% | Β | Β | Β | Β | Β | Β |
Starwood Property Trust Incorporatedβ144A | Β | 4.38 | 1-15-2027 | Β | 900,000 | 807,750 |
Starwood Property Trust Incorporated | Β | 4.75 | 3-15-2025 | Β | 465,000 | 445,671 |
Β | Β | Β | Β | Β | Β | 1,253,421 |
Thrifts & mortgage finance:β1.59% | Β | Β | Β | Β | Β | Β |
Enact Holdings Incorporatedβ144A | Β | 6.50 | 8-15-2025 | Β | 2,340,000 | 2,304,900 |
Ladder Capital Finance Holdings LPβ144A | Β | 4.25 | 2-1-2027 | Β | 350,000 | 308,438 |
Ladder Capital Finance Holdings LPβ144A | Β | 4.75 | 6-15-2029 | Β | 665,000 | 552,502 |
Ladder Capital Finance Holdings LPβ144A | Β | 5.25 | 10-1-2025 | Β | 1,120,000 | 1,078,000 |
United Wholesale Mortgage LLCβ144A | Β | 5.50 | 4-15-2029 | Β | 270,000 | 232,160 |
Β | Β | Β | Β | Β | Β | 4,476,000 |
Health care:β1.59% | Β | Β | Β | Β | Β | Β |
Health care providers & services:β1.59% | Β | Β | Β | Β | Β | Β |
180 Medical Incorporatedβ144A | Β | 3.88 | 10-15-2029 | Β | 475,000 | 420,974 |
Air Methods Corporationβ144A | Β | 8.00 | 5-15-2025 | Β | 480,000 | 21,600 |
CommonSpirit Health | Β | 3.82 | 10-1-2049 | Β | 750,000 | 608,640 |
CVS Pass-Through Trust | Β | 6.04 | 12-10-2028 | Β | 301,821 | 303,957 |
Encompass Health Corporation | Β | 5.75 | 9-15-2025 | Β | 575,000 | 570,689 |
Pediatrix Medical Groupβ144A | Β | 5.38 | 2-15-2030 | Β | 530,000 | 469,050 |
Select Medical Corporationβ144A | Β | 6.25 | 8-15-2026 | Β | 1,320,000 | 1,289,218 |
Tenet Healthcare Corporation | Β | 4.88 | 1-1-2026 | Β | 775,000 | 754,827 |
Β | Β | Β | Β | Β | Β | 4,438,955 |
See accompanying notes to portfolio of investments
6Β Β |Β Β Allspring Multi-Sector Income Fund
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Industrials:β7.44% | Β | Β | Β | Β | Β | Β |
Aerospace & defense:β0.70% | Β | Β | Β | Β | Β | Β |
Spirit AeroSystems Incorporatedβ144A | Β | 7.50% | 4-15-2025 | $ | ββββββββ235,000 | $βββββ235,808 |
Spirit AeroSystems Incorporatedβ144A | Β | 9.38 | 11-30-2029 | Β | ββββββββ430,000 | βββββ467,311 |
TransDigm Group Incorporated | Β | 7.50 | 3-15-2027 | Β | ββββββ1,240,000 | βββ1,249,653 |
Β | Β | Β | Β | Β | Β | βββ1,952,772 |
Airlines:β1.62% | Β | Β | Β | Β | Β | Β |
American Airlines Group Incorporatedβ144A | Β | 5.75 | 4-20-2029 | Β | ββββββββ850,000 | βββββ822,139 |
Hawaiian Airlines Incorporated | Β | 3.90 | 7-15-2027 | Β | ββββββββ722,367 | βββββ646,641 |
Hawaiian Brand Intellectual Property Limitedβ144A | Β | 5.75 | 1-20-2026 | Β | ββββββββ770,000 | βββββ735,342 |
Mileage Plus Holdings LLCβ144A | Β | 6.50 | 6-20-2027 | Β | ββββββββ900,000 | βββββ909,279 |
Spirit Loyalty Cayman Limitedβ144A | Β | 8.00 | 9-20-2025 | Β | ββββββ1,060,000 | βββ1,081,200 |
Spirit Loyalty Cayman Limitedβ144A | Β | 8.00 | 9-20-2025 | Β | ββββββββ320,000 | βββββ327,994 |
Β | Β | Β | Β | Β | Β | βββ4,522,595 |
Commercial services & supplies:β2.02% | Β | Β | Β | Β | Β | Β |
Allied Universal Holdco LLCβ144A | Β | 6.00 | 6-1-2029 | Β | ββββββ1,460,000 | βββ1,174,716 |
Allied Universal Holdco LLCβ144A | Β | 6.63 | 7-15-2026 | Β | ββββββββ600,000 | βββββ577,650 |
Aramark Services Incorporatedβ144A | Β | 6.38 | 5-1-2025 | Β | ββββββββ780,000 | βββββ780,195 |
CoreCivic Incorporated | Β | 8.25 | 4-15-2026 | Β | ββββββ3,070,000 | βββ3,138,871 |
Β | Β | Β | Β | Β | Β | βββ5,671,432 |
Machinery:β1.15% | Β | Β | Β | Β | Β | Β |
Chart Industries Incorporatedβ144A | Β | 9.50 | 1-1-2031 | Β | ββββββββ200,000 | βββββ208,698 |
Chart Industries Incorporatedβ144A | Β | 7.50 | 1-1-2030 | Β | ββββββββ200,000 | βββββ204,500 |
Stevens Holding Company Incorporatedβ144A | Β | 6.13 | 10-1-2026 | Β | ββββββββ805,000 | βββββ816,962 |
TK Elevator US Newco Incorporatedβ144A | Β | 5.25 | 7-15-2027 | Β | 1,080,000 | 999,616 |
Werner FinCo LPβ144A | Β | 8.75 | 7-15-2025 | Β | 1,485,000 | 989,375 |
Β | Β | Β | Β | Β | Β | 3,219,151 |
Road & rail:β1.05% | Β | Β | Β | Β | Β | Β |
Uber Technologies Incorporatedβ144A | Β | 4.50 | 8-15-2029 | Β | 1,475,000 | 1,313,211 |
Uber Technologies Incorporatedβ144A | Β | 8.00 | 11-1-2026 | Β | 1,600,000 | 1,637,824 |
Β | Β | Β | Β | Β | Β | 2,951,035 |
Trading companies & distributors:β0.90% | Β | Β | Β | Β | Β | Β |
Fortress Transportation & Infrastructure Investors LLCβ144A | Β | 5.50 | 5-1-2028 | Β | 1,040,000 | 915,240 |
Fortress Transportation & Infrastructure Investors LLCβ144A | Β | 6.50 | 10-1-2025 | Β | 1,442,000 | 1,395,856 |
Fortress Transportation & Infrastructure Investors LLCβ144A | Β | 9.75 | 8-1-2027 | Β | 200,000 | 205,607 |
Β | Β | Β | Β | Β | Β | 2,516,703 |
Information technology:β5.26% | Β | Β | Β | Β | Β | Β |
Communications equipment:β0.48% | Β | Β | Β | Β | Β | Β |
Ciena Corporationβ144A | Β | 4.00 | 1-31-2030 | Β | 410,000 | 358,750 |
CommScope Technologies LLCβ144A | Β | 4.75 | 9-1-2029 | Β | 275,000 | 228,899 |
CommScope Technologies LLCβ144A | Β | 5.00 | 3-15-2027 | Β | 975,000 | 744,391 |
Β | Β | Β | Β | Β | Β | 1,332,040 |
See accompanying notes to portfolio of investments
Allspring Multi-Sector Income FundΒ Β |Β Β 7
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Electronic equipment, instruments & components:β0.61% | Β | Β | Β | Β | Β | Β |
Keysight Technologies | Β | 4.60% | 4-6-2027 | $ | ββββββββ600,000 | $βββββ600,557 |
Wesco Distribution Incorporatedβ144A | Β | 7.13 | 6-15-2025 | Β | ββββββ1,100,000 | βββ1,117,600 |
Β | Β | Β | Β | Β | Β | βββ1,718,157 |
IT services:β1.22% | Β | Β | Β | Β | Β | Β |
Sabre GLBL Incorporatedβ144A | Β | 7.38 | 9-1-2025 | Β | ββββββββ280,000 | βββββ274,643 |
Sabre GLBL Incorporatedβ144A | Β | 9.25 | 4-15-2025 | Β | ββββββ2,499,000 | βββ2,563,862 |
Sabre GLBL Incorporatedβ144A | Β | 11.25 | 12-15-2027 | Β | ββββββββ560,000 | βββββ593,600 |
Β | Β | Β | Β | Β | Β | βββ3,432,105 |
Semiconductors & semiconductor equipment:β0.37% | Β | Β | Β | Β | Β | Β |
Broadcom Corporation | Β | 3.50 | 1-15-2028 | Β | ββββββββ750,000 | βββββ702,740 |
QORVO Incorporatedβ144A | Β | 3.38 | 4-1-2031 | Β | ββββββββ400,000 | βββββ330,796 |
Β | Β | Β | Β | Β | Β | βββ1,033,536 |
Software:β2.30% | Β | Β | Β | Β | Β | Β |
McAfee Corporationβ144A | Β | 7.38 | 2-15-2030 | Β | ββββββ1,215,000 | βββ1,009,176 |
MPH Acquisition Holdings LLCβ144A | Β | 5.50 | 9-1-2028 | Β | ββββββββ640,000 | βββββ531,200 |
MPH Acquisition Holdings LLCβ144A | Β | 5.75 | 11-1-2028 | Β | ββββββ1,725,000 | βββ1,252,781 |
NCR Corporationβ144A | Β | 5.13 | 4-15-2029 | Β | ββββββββ195,000 | βββββ169,856 |
NCR Corporationβ144A | Β | 6.13 | 9-1-2029 | Β | ββββββ1,285,000 | βββ1,272,150 |
NortonLifeLock Incorporatedβ144A | Β | 5.00 | 4-15-2025 | Β | ββββββ1,035,000 | βββ1,014,300 |
SS&C Technologies Incorporatedβ144A | Β | 5.50 | 9-30-2027 | Β | ββββββββ500,000 | βββββ480,872 |
VMware Incorporated | Β | 3.90 | 8-21-2027 | Β | ββββββββ750,000 | βββββ720,145 |
Β | Β | Β | Β | Β | Β | βββ6,450,480 |
Technology hardware, storage & peripherals:β0.28% | Β | Β | Β | Β | Β | Β |
Dell International LLCβ | Β | 6.02 | 6-15-2026 | Β | 750,000 | 771,373 |
Materials:β2.68% | Β | Β | Β | Β | Β | Β |
Chemicals:β0.93% | Β | Β | Β | Β | Β | Β |
Avient Corporationβ144A | Β | 7.13 | 8-1-2030 | Β | 265,000 | 266,974 |
Celanese US Holding LLCβ | Β | 6.05 | 3-15-2025 | Β | 1,550,000 | 1,561,902 |
Chemours Companyβ144A | Β | 4.63 | 11-15-2029 | Β | 950,000 | 793,744 |
Β | Β | Β | Β | Β | Β | 2,622,620 |
Containers & packaging:β1.12% | Β | Β | Β | Β | Β | Β |
Berry Global Incorporatedβ144A | Β | 5.63 | 7-15-2027 | Β | 1,310,000 | 1,287,075 |
Clydesdale Acquisition Holdings Incorporatedβ144A | Β | 8.75 | 4-15-2030 | Β | 1,155,000 | 1,020,769 |
Crown Cork & Seal Company Incorporated | Β | 7.38 | 12-15-2026 | Β | 785,000 | 819,999 |
Β | Β | Β | Β | Β | Β | 3,127,843 |
Metals & mining:β0.32% | Β | Β | Β | Β | Β | Β |
Arches Buyer Incorporatedβ144A | Β | 4.25 | 6-1-2028 | Β | 500,000 | 420,000 |
Arches Buyer Incorporatedβ144A | Β | 6.13 | 12-1-2028 | Β | 560,000 | 471,666 |
Β | Β | Β | Β | Β | Β | 891,666 |
Paper & forest products:β0.31% | Β | Β | Β | Β | Β | Β |
Clearwater Paper Corporationβ144A | Β | 4.75 | 8-15-2028 | Β | 965,000 | 857,472 |
See accompanying notes to portfolio of investments
8Β Β |Β Β Allspring Multi-Sector Income Fund
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Real estate:β3.01% | Β | Β | Β | Β | Β | Β |
Equity REITs:β3.01% | Β | Β | Β | Β | Β | Β |
GLP Capital LPβ | Β | 3.25% | 1-15-2032 | $ | ββββββββ625,000 | $βββββ518,199 |
Iron Mountain Incorporatedβ144A | Β | 4.50 | 2-15-2031 | Β | ββββββ1,625,000 | βββ1,392,446 |
Iron Mountain Incorporatedβ144A | Β | 5.25 | 7-15-2030 | Β | ββββββ1,505,000 | βββ1,361,935 |
MPT Operating Partnership LPβ | Β | 3.50 | 3-15-2031 | Β | ββββββ2,185,000 | βββ1,529,518 |
Omega HealthCare Investors Incorporated | Β | 4.50 | 4-1-2027 | Β | ββββββββ600,000 | βββββ578,834 |
Service Properties Trust Company | Β | 4.35 | 10-1-2024 | Β | ββββββββ565,000 | βββββ532,795 |
Service Properties Trust Company | Β | 4.75 | 10-1-2026 | Β | ββββββββ545,000 | βββββ450,023 |
Service Properties Trust Company | Β | 4.95 | 2-15-2027 | Β | ββββββββ625,000 | βββββ511,312 |
Service Properties Trust Company | Β | 7.50 | 9-15-2025 | Β | ββββββ1,000,000 | βββββ983,290 |
SITE Centers Corporation | Β | 4.70 | 6-1-2027 | Β | ββββββββ600,000 | βββββ573,648 |
Β | Β | Β | Β | Β | Β | βββ8,432,000 |
Utilities:β3.27% | Β | Β | Β | Β | Β | Β |
Electric utilities:β0.78% | Β | Β | Β | Β | Β | Β |
NextEra Energy Operating Partners LPβ144A | Β | 4.25 | 9-15-2024 | Β | βββββββββ16,000 | ββββββ14,920 |
PG&E Corporation | Β | 5.00 | 7-1-2028 | Β | ββββββββ100,000 | ββββββ93,705 |
PG&E Corporation | Β | 5.25 | 7-1-2030 | Β | ββββββ2,265,000 | βββ2,083,800 |
Β | Β | Β | Β | Β | Β | βββ2,192,425 |
Independent power & renewable electricity producers:β2.49% | Β | Β | Β | Β | Β | Β |
NSG Holdings LLCβ144A | Β | 7.75 | 12-15-2025 | Β | ββββββ1,216,006 | βββ1,193,632 |
TerraForm Power Operating LLCβ144A | Β | 4.75 | 1-15-2030 | Β | ββββββ1,480,000 | βββ1,331,974 |
TerraForm Power Operating LLCβ144A | Β | 5.00 | 1-31-2028 | Β | ββββββ2,345,000 | βββ2,202,711 |
Vistra Operations Company LLCβ144A | Β | 4.38 | 5-1-2029 | Β | ββββββββ795,000 | βββββ699,078 |
Vistra Operations Company LLCβ144A | Β | 5.63 | 2-15-2027 | Β | 1,125,000 | 1,086,448 |
Vistra Operations Company LLC (5 Year Treasury Constant Maturity +5.74%)β144AΚΒ± | Β | 7.00 | 12-15-2026 | Β | 495,000 | 462,825 |
Β | Β | Β | Β | Β | Β | 6,976,668 |
Total Corporate bonds and notes (Cost $209,280,858) | Β | Β | Β | Β | Β | 195,115,865 |
Foreign corporate bonds and notes :β6.85% | Β | Β | Β | Β | Β | Β |
Financials:β6.85% | Β | Β | Β | Β | Β | Β |
Banks:β6.85% | Β | Β | Β | Β | Β | Β |
European Investment Bank | Β | 7.25 | 1-23-2030 | ZAR | 30,000,000 | 1,609,138 |
European Investment Bank | Β | 8.00 | 5-5-2027 | ZAR | 49,000,000 | 2,828,764 |
European Investment Bank | Β | 8.75 | 8-18-2025 | ZAR | 20,000,000 | 1,175,345 |
International Bank for Reconstruction & Development | Β | 5.75 | 1-14-2028 | BRL | 15,000,000 | 2,305,419 |
International Bank for Reconstruction & Development | Β | 6.75 | 2-9-2029 | ZAR | 60,000,000 | 3,209,655 |
International Bank for Reconstruction & Development | Β | 7.00 | 6-7-2023 | ZAR | 15,000,000 | 856,216 |
International Bank for Reconstruction & Development | Β | 8.25 | 6-22-2023 | BRL | 9,000,000 | 1,743,159 |
See accompanying notes to portfolio of investments
Allspring Multi-Sector Income FundΒ Β |Β Β 9
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Banks (continued) | Β | Β | Β | Β | Β | Β |
International Bank for Reconstruction & Development | Β | 9.50% | 2-9-2029 | BRL | βββββ22,000,000 | $βββ3,938,617 |
The Asian Development Bank | Β | 6.00 | 2-5-2026 | BRL | ββββββ9,000,000 | βββ1,529,697 |
Total Foreign corporate bonds and notes (Cost $21,812,342) | Β | Β | Β | Β | Β | ββ19,196,010 |
Foreign government bonds :β22.84% | Β | Β | Β | Β | Β | Β |
Chinaβ | Β | 3.02 | 5-27-2031 | CNY | βββββ14,700,000 | βββ2,206,314 |
Colombiaβ | Β | 6.00 | 4-28-2028 | COP | ββ9,000,000,000 | βββ1,491,866 |
Colombiaβ | Β | 6.25 | 11-26-2025 | COP | β15,000,000,000 | βββ2,792,659 |
Colombiaβ | Β | 7.50 | 8-26-2026 | COP | β22,725,000,000 | βββ4,256,432 |
Hungary | Β | 1.50 | 4-22-2026 | HUF | ββ1,920,000,000 | βββ4,143,170 |
Indiaβ | Β | 7.27 | 4-8-2026 | INR | βββββ60,000,000 | βββββ732,282 |
Indiaβ | Β | 7.32 | 1-28-2024 | INR | ββββ710,000,000 | βββ8,686,507 |
Indonesiaβ | Β | 7.00 | 9-15-2030 | IDR | 115,000,000,000 | βββ7,817,392 |
Indonesia | Β | 5.50 | 4-15-2026 | IDR | β30,000,000,000 | βββ1,957,125 |
Mexicoβ | Β | 7.75 | 5-29-2031 | MXN | βββββ85,000,000 | βββ4,267,311 |
Mexicoβ | Β | 8.50 | 5-31-2029 | MXN | ββββ208,500,000 | ββ10,973,011 |
New Zealandβ | Β | 3.50 | 4-14-2033 | NZD | ββββββ7,000,000 | βββ4,271,546 |
Romaniaβ | Β | 3.65 | 9-24-2031 | RON | βββββ38,500,000 | βββ6,516,046 |
Romaniaβ | Β | 5.00 | 2-12-2029 | RON | βββββ20,000,000 | βββ3,890,192 |
Total Foreign government bonds (Cost $73,525,369) | Β | Β | Β | Β | Β | ββ64,001,853 |
Loans:β19.12% | Β | Β | Β | Β | Β | Β |
Communication services:β1.61% | Β | Β | Β | Β | Β | Β |
Diversified telecommunication services:β0.48% | Β | Β | Β | Β | Β | Β |
Intelsat Jackson Holdings SA (U.S. SOFR 1 Month +4.50%)βΒ± | Β | 7.44 | 2-1-2029 | $ | ββββββ1,381,354 | βββ1,358,520 |
Entertainment:β0.31% | Β | Β | Β | Β | Β | Β |
Dave & Buster's Incorporated (U.S. SOFR 1 Month +5.00%)β<Β± | Β | 9.69 | 6-29-2029 | Β | 856,697 | 857,340 |
Media:β0.52% | Β | Β | Β | Β | Β | Β |
Clear Channel Outdoor Holdings (1 Month LIBOR +3.50%)βΒ± | Β | 8.33 | 8-21-2026 | Β | 497,429 | 472,324 |
Hubbard Radio LLC (1 Month LIBOR +4.25%)βΒ± | Β | 8.82 | 3-28-2025 | Β | 1,116,738 | 971,562 |
Β | Β | Β | Β | Β | Β | 1,443,886 |
Wireless telecommunication services:β0.30% | Β | Β | Β | Β | Β | Β |
Connect U.S. Finco LLC (1 Month LIBOR +3.50%)βΒ± | Β | 8.07 | 12-11-2026 | Β | 850,938 | 843,849 |
Consumer discretionary:β0.33% | Β | Β | Β | Β | Β | Β |
Auto components:β0.07% | Β | Β | Β | Β | Β | Β |
Clarios Global LP (1 Month LIBOR +3.25%)βΒ± | Β | 7.82 | 4-30-2026 | Β | 190,172 | 189,255 |
Specialty retail:β0.26% | Β | Β | Β | Β | Β | Β |
Michaels Companies Incorporated (1 Month LIBOR +4.25%)βΒ± | Β | 8.98 | 4-15-2028 | Β | 381,131 | 349,451 |
PetSmart Incorporated (1 Month LIBOR +3.75%)βΒ± | Β | 8.41 | 2-11-2028 | Β | 398,987 | 395,748 |
Β | Β | Β | Β | Β | Β | 745,199 |
See accompanying notes to portfolio of investments
10Β Β |Β Β Allspring Multi-Sector Income Fund
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Energy:β2.07% | Β | Β | Β | Β | Β | Β |
Energy equipment & services:β0.65% | Β | Β | Β | Β | Β | Β |
Championx Corporation (U.S. SOFR 1 Month +3.25%)βΒ± | Β | 7.75% | 6-7-2029 | $ | ββββββ1,845,375 | $βββ1,840,762 |
Oil, gas & consumable fuels:β1.42% | Β | Β | Β | Β | Β | Β |
AL NGPL Holdings LLC (1 Month LIBOR +3.75%)βΒ± | Β | 8.38 | 4-14-2028 | Β | ββββββββ687,536 | βββββ687,536 |
GIP II Blue Holdings LP (1 Month LIBOR +4.50%)βΒ± | Β | 9.23 | 9-29-2028 | Β | ββββββββ786,617 | βββββ784,895 |
M6 ETX Holdings II MidCo LLC (U.S. SOFR 1 Month +4.50%)βΒ± | Β | 9.16 | 9-19-2029 | Β | ββββββββ458,850 | βββββ458,084 |
NorthRiver Midstream Finance LP (3 Month LIBOR +3.25%)βΒ± | Β | 8.00 | 10-1-2025 | Β | ββββββββ905,372 | βββββ903,914 |
Prairie ECI Acquiror LP (1 Month LIBOR +4.75%)βΒ± | Β | 9.32 | 3-11-2026 | Β | ββββββββ900,000 | βββββ886,626 |
Whitewater Whistler Holdings, LLC (U.S. SOFR 1 Month 7.12%)ββ‘<Β± | Β | 11.69 | 1-25-2030 | Β | ββββββββ250,000 | βββββ249,688 |
Β | Β | Β | Β | Β | Β | βββ3,970,743 |
Financials:β3.61% | Β | Β | Β | Β | Β | Β |
Diversified financial services:β2.19% | Β | Β | Β | Β | Β | Β |
Medline Borrower LP (1 Month LIBOR +3.50%)βΒ± | Β | 7.82 | 10-23-2028 | Β | ββββββ1,792,982 | βββ1,738,942 |
Resolute Investment Managers Incorporated (1 Month LIBOR +4.25%)βΒ± | Β | 8.98 | 4-30-2024 | Β | ββββββ2,462,797 | βββ1,951,766 |
Resolute Investment Managers Incorporated (1 Month LIBOR +8.00%)ββ‘Β± | Β | 12.83 | 4-30-2025 | Β | ββββββββ923,070 | βββββ761,533 |
Russell Investments US Institutional Holdco Incorporated (1 Month LIBOR +3.50%)βΒ± | Β | 8.07 | 5-30-2025 | Β | ββββββ1,706,817 | βββ1,670,906 |
Β | Β | Β | Β | Β | Β | βββ6,123,147 |
Insurance:β0.79% | Β | Β | Β | Β | Β | Β |
Asurion LLC (1 Month LIBOR +3.00%)βΒ± | Β | 7.57 | 11-3-2024 | Β | ββββββββ897,650 | βββββ887,408 |
Asurion LLC (1 Month LIBOR +5.25%)βΒ± | Β | 9.82 | 1-31-2028 | Β | ββββββ1,000,000 | βββββ830,500 |
HUB International Limited (U.S. SOFR 1 Month +4.00%)βΒ± | Β | 8.22 | 11-10-2029 | Β | ββββββββ500,000 | βββββ499,405 |
Β | Β | Β | Β | Β | Β | βββ2,217,313 |
Mortgage REITs:β0.63% | Β | Β | Β | Β | Β | Β |
Claros Mortgage Trust Incorporated (U.S. SOFR 1 Month +4.50%)ββ‘Β± | Β | 9.08 | 8-9-2026 | Β | 856,350 | 846,716 |
Starwood Property Trust Incorporated (U.S. SOFR 1 Month +3.25%)βΒ± | Β | 7.81 | 11-18-2027 | Β | 935,000 | 928,380 |
Β | Β | Β | Β | Β | Β | 1,775,096 |
Health care:β1.28% | Β | Β | Β | Β | Β | Β |
Health care equipment & supplies:β0.79% | Β | Β | Β | Β | Β | Β |
Bausch & Lomb Incorporated (U.S. SOFR 1 Month +3.25%)βΒ± | Β | 7.84 | 5-10-2027 | Β | 895,500 | 870,730 |
Surgery Center Holdings Incorporated (1 Month LIBOR +3.75%)βΒ± | Β | 8.21 | 8-31-2026 | Β | 1,361,483 | 1,357,739 |
Β | Β | Β | Β | Β | Β | 2,228,469 |
See accompanying notes to portfolio of investments
Allspring Multi-Sector Income FundΒ Β |Β Β 11
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Health care providers & services:β0.18% | Β | Β | Β | Β | Β | Β |
Select Medical Corporation (3 Month LIBOR +2.50%)βΒ± | Β | 7.07% | 3-6-2025 | $ | ββββββββ500,000 | $βββββ496,665 |
Health care technology:β0.31% | Β | Β | Β | Β | Β | Β |
Athenahealth Incorporated (U.S. SOFR 1 Month +3.50%)βΒ± | Β | 8.01 | 2-15-2029 | Β | ββββββββ127,588 | βββββ120,676 |
Athenahealth Incorporated (U.S. SOFR 1 Month +3.50%)βΒ± | Β | 8.01 | 2-15-2029 | Β | ββββββββ780,902 | βββββ738,600 |
Β | Β | Β | Β | Β | Β | βββββ859,276 |
Industrials:β7.18% | Β | Β | Β | Β | Β | Β |
Aerospace & defense:β0.92% | Β | Β | Β | Β | Β | Β |
Spirit AeroSystems Incorporated (U.S. SOFR 1 Month +4.50%)βΒ± | Β | 9.18 | 1-15-2027 | Β | ββββββ2,593,500 | βββ2,594,148 |
Airlines:β2.39% | Β | Β | Β | Β | Β | Β |
AAdvantage Loyalty IP Limited (1 Month LIBOR +4.75%)βΒ± | Β | 9.56 | 4-20-2028 | Β | ββββββ1,012,000 | βββ1,038,403 |
Mileage Plus Holdings LLC (1 Month LIBOR +5.25%)βΒ± | Β | 10.00 | 6-21-2027 | Β | ββββββ2,596,500 | βββ2,704,255 |
SkyMiles IP Limited (3 Month LIBOR +3.75%)β<Β± | Β | 8.56 | 10-20-2027 | Β | ββββββ2,857,000 | βββ2,951,652 |
Β | Β | Β | Β | Β | Β | βββ6,694,310 |
Building products:β0.59% | Β | Β | Β | Β | Β | Β |
Cornerstone Building Brands Incorporated (1 Month LIBOR +3.25%)β<Β± | Β | 7.85 | 4-12-2028 | Β | ββββββ1,785,000 | βββ1,663,852 |
Commercial services & supplies:β2.43% | Β | Β | Β | Β | Β | Β |
Allied Universal Holdco LLC (1 Month LIBOR +3.75%)β<Β± | Β | 8.41 | 5-12-2028 | Β | ββββββ1,635,062 | βββ1,574,369 |
MIP V Waste Holdings LLC (1 Month LIBOR +3.25%)βΒ± | Β | 7.82 | 12-8-2028 | Β | ββββββββ347,375 | βββββ342,018 |
The Geo Group Incorporated (1 Month LIBOR +7.13%)β<Β± | Β | 11.69 | 3-23-2027 | Β | ββββββ4,876,190 | βββ4,890,136 |
Β | Β | Β | Β | Β | Β | βββ6,806,523 |
Machinery:β0.85% | Β | Β | Β | Β | Β | Β |
Chart Industries Incorporated (1 Month LIBOR 3.75%)β<Β± | Β | 8.01 | 12-7-2029 | Β | ββββββββ250,000 | βββββ250,105 |
Vertical US Newco Incorporated (1 Month LIBOR +3.50%)β<Β± | Β | 8.60 | 7-30-2027 | Β | ββββββββ861,842 | βββββ845,562 |
Werner FinCo LP (3 Month LIBOR +4.00%)βΒ± | Β | 8.73 | 7-24-2024 | Β | 1,416,033 | 1,279,740 |
Β | Β | Β | Β | Β | Β | 2,375,407 |
Information technology:β1.64% | Β | Β | Β | Β | Β | Β |
IT services:β0.85% | Β | Β | Β | Β | Β | Β |
Applied Systems Incorporated (U.S. SOFR 1 Month +4.50%)βΒ± | Β | 9.08 | 9-18-2026 | Β | 2,378,167 | 2,382,139 |
Software:β0.79% | Β | Β | Β | Β | Β | Β |
NCR Corporation (1 Month LIBOR +2.50%)βΒ± | Β | 7.33 | 8-28-2026 | Β | 841,896 | 836,634 |
Sophia LP (1 Month LIBOR +3.50%)βΒ± | Β | 8.23 | 10-7-2027 | Β | 1,391,733 | 1,370,718 |
Β | Β | Β | Β | Β | Β | 2,207,352 |
See accompanying notes to portfolio of investments
12Β Β |Β Β Allspring Multi-Sector Income Fund
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Materials:β1.40% | Β | Β | Β | Β | Β | Β |
Chemicals:β0.50% | Β | Β | Β | Β | Β | Β |
Avient Corporation (U.S. SOFR 1 Month +3.25%)βΒ± | Β | 7.93% | 8-29-2029 | $ | ββββββ1,411,100 | $βββ1,413,217 |
Containers & packaging:β0.58% | Β | Β | Β | Β | Β | Β |
Clydesdale Acquisition Holdings Incorporated (U.S. SOFR 1 Month +4.18%)β<Β± | Β | 8.84 | 4-13-2029 | Β | ββββββ1,646,000 | βββ1,614,858 |
Metals & mining:β0.32% | Β | Β | Β | Β | Β | Β |
Arches Buyer Incorporated (1 Month LIBOR +3.25%)βΒ± | Β | 7.82 | 12-6-2027 | Β | ββββββββ925,000 | βββββ892,052 |
Total Loans (Cost $54,063,480) | Β | Β | Β | Β | Β | ββ53,593,378 |
Non-agency mortgage-backed securities:β7.47% | Β | Β | Β | Β | Β | Β |
Banc of America Funding Corporation Series 2005 Class 5-1A1β | Β | 5.50 | 9-25-2035 | Β | βββββββββ70,853 | ββββββ69,072 |
Banc of America Funding Corporation Series 2005 Class D-A1βΒ±Β± | Β | 3.69 | 5-25-2035 | Β | ββββββββ123,804 | βββββ116,713 |
Banc of America Merrill Lynch Commercial Mortgage Incorporated Series 2017-BNK6 Class Dβ144A | Β | 3.10 | 7-15-2060 | Β | ββββββ1,000,000 | βββββ724,436 |
Banc of America Mortgage Securities Series 2003 Class 1A1βΒ±Β± | Β | 2.62 | 4-25-2033 | Β | ββββββββ185,641 | βββββ170,096 |
Brightspire Capital Incorporated Series 2021-FL1 Class A (1 Month LIBOR +1.15%)β144AΒ± | Β | 5.62 | 8-19-2038 | Β | ββββββββ360,000 | βββββ349,037 |
Brookside Mill CLO Limited Series 2013 Class 1A (3 Month LIBOR +2.65%)β144AΒ± | Β | 7.44 | 1-17-2028 | Β | ββββββ1,000,000 | βββββ962,731 |
BX Trust Series 2022 Class A (1 Month LIBOR +0.90%)β144AΒ± | Β | 5.36 | 10-15-2036 | Β | ββββββ1,000,000 | βββββ967,854 |
BX Trust Series 2022 Class Cβ144A | Β | 6.79 | 10-13-2027 | Β | ββββββββ750,000 | βββββ741,377 |
Centex Home Equity Series 2002-A Class AF6β | Β | 5.54 | 1-25-2032 | Β | ββββββββββ6,219 | βββββββ6,101 |
Citigroup Commercial Mortgage Trust Series 2012-GC8 Class Cβ144AΒ±Β± | Β | 4.91 | 9-10-2045 | Β | ββββββββ931,892 | βββββ878,222 |
Commercial Mortgage Trust Series 2012-CR4 Class Bβ144A | Β | 3.70 | 10-15-2045 | Β | ββββββ1,000,000 | βββββ719,188 |
Commercial Mortgage Trust Series 2012-CR5 Class Eβ144AΒ±Β± | Β | 4.42 | 12-10-2045 | Β | ββββββ1,000,000 | βββββ801,232 |
Commercial Mortgage Trust Series 2012-LC4 Class CβΒ±Β± | Β | 5.30 | 12-10-2044 | Β | ββββββββ500,000 | βββββ440,030 |
Commercial Mortgage Trust Series 2013-LC13 Class Dβ144AΒ±Β± | Β | 5.25 | 8-10-2046 | Β | ββββββ1,103,000 | βββ1,027,457 |
Countrywide Home Loans Series 2003-48 Class 2A2βΒ±Β± | Β | 4.20 | 10-25-2033 | Β | βββββββββ26,691 | ββββββ14,706 |
Credit Suisse First Boston Mortgage Securities Series 2002-AR25 Class 1A1βΒ±Β± | Β | 2.89 | 9-25-2032 | Β | 227,138 | 204,113 |
Credit Suisse First Boston Mortgage Securities Series 2003-AR15 Class 3A1βΒ±Β± | Β | 4.40 | 6-25-2033 | Β | 13,952 | 13,132 |
Credit Suisse First Boston Mortgage Securities Series 2003-AR9 Class 2A2βΒ±Β± | Β | 3.36 | 3-25-2033 | Β | 7,768 | 7,563 |
Credit Suisse First Boston Mortgage Securities Series 2014-USA Class Dβ144A | Β | 4.37 | 9-15-2037 | Β | 750,000 | 562,463 |
Global Mortgage Securitization Limited Series 2004-A Class A2 (1 Month LIBOR +0.32%)β144AΒ± | Β | 4.83 | 11-25-2032 | Β | 22,094 | 21,357 |
Goldman Sachs Mortgage Securities Trust Series 2010-C1 Class Xβ144AβΒ±Β± | Β | 0.46 | 8-10-2043 | Β | 671,437 | 876 |
See accompanying notes to portfolio of investments
Allspring Multi-Sector Income FundΒ Β |Β Β 13
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Non-agency mortgage-backed securities (continued) | Β | Β | Β | Β | Β | Β |
Goldman Sachs Mortgage Securities Trust Series 2019-GSA1 Class CβΒ±Β± | Β | 3.81% | 11-10-2052 | $ | ββββββ1,000,000 | $βββββ803,666 |
Goldman Sachs Mortgage Securities Trust Series 2020-DUNE Class D (1 Month LIBOR +1.90%)β144AΒ± | Β | 6.36 | 12-15-2036 | Β | ββββββ1,000,000 | βββββ949,481 |
GSAA Home Equity Trust Series 2004-5 Class AF5β | Β | 4.42 | 6-25-2034 | Β | βββββββββββββ10 | βββββββββββ9 |
Harbor Group International Limited Series 2021-FL1 Class A (1 Month LIBOR +1.05%)β144AΒ± | Β | 5.51 | 6-16-2036 | Β | ββββββββ376,598 | βββββ365,955 |
JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-C17 Class BβΒ±Β± | Β | 4.88 | 1-15-2047 | Β | βββββββββ50,000 | ββββββ48,740 |
JPMorgan Mortgage Trust Series 2004-A3 Class 2A1βΒ±Β± | Β | 3.37 | 7-25-2034 | Β | ββββββββββ2,546 | βββββββ2,430 |
JPMorgan Mortgage Trust Series 2004-A3 Class 3A3βΒ±Β± | Β | 3.26 | 7-25-2034 | Β | βββββββββ15,552 | ββββββ13,234 |
JPMorgan Mortgage Trust Series 2005-A3 Class 11A2βΒ±Β± | Β | 4.21 | 6-25-2035 | Β | βββββββββ65,491 | ββββββ60,744 |
MASTR Adjustable Rate Mortgage Trust Series 2003-6 Class 3A1βΒ±Β± | Β | 3.52 | 12-25-2033 | Β | βββββββββ48,889 | ββββββ47,141 |
MASTR Adjustable Rate Mortgage Trust Series 2003-6 Class 4A2βΒ±Β± | Β | 3.82 | 1-25-2034 | Β | ββββββββββ1,711 | βββββββ1,632 |
MASTR Adjustable Rate Mortgage Trust Series 2004-13 Class 3A7βΒ±Β± | Β | 3.87 | 11-21-2034 | Β | ββββββββββ3,554 | βββββββ3,207 |
MASTR Alternative Loans Trust Series 2005-1 Class 5A1β | Β | 5.50 | 3-25-2036 | Β | ββββββββββββ433 | βββββββββ376 |
MF1 Multifamily Housing Mortgage Loan Trust Series 2022-FL8 Class C (30 Day Average U.S. SOFR +2.20%)β144AΒ± | Β | 6.51 | 2-19-2037 | Β | ββββββ1,000,000 | βββββ937,136 |
MFRA Trust Series 2022-NQM1 Class M1β144AΒ±Β± | Β | 4.28 | 12-25-2066 | Β | ββββββ1,000,000 | βββββ825,777 |
Mid-State Trust Series 11 Class A1β | Β | 4.86 | 7-15-2038 | Β | βββββββββ78,538 | ββββββ76,126 |
MLCC Mortgage Investors Incorporated Series 2003-G Class A2 (6 Month LIBOR +0.68%)βΒ± | Β | 5.91 | 1-25-2029 | Β | βββββββββ19,344 | ββββββ18,695 |
Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C11 Class A4βΒ±Β± | Β | 4.20 | 8-15-2046 | Β | ββββββββ569,000 | βββββ562,001 |
Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C7 Class Dβ144AΒ±Β± | Β | 4.07 | 2-15-2046 | Β | ββββββββ692,000 | βββββ507,717 |
Morgan Stanley Mortgage Loan Trust Series 2004-4 Class 2AβΒ±Β± | Β | 6.30 | 9-25-2034 | Β | βββββββββ11,672 | ββββββ11,732 |
New Century Home Equity Loan Trust Series 2004-3 Class M1 (1 Month LIBOR +0.93%)βΒ± | Β | 5.44 | 11-25-2034 | Β | ββββββββ721,101 | βββββ688,349 |
Octane Receivables Trust Series 2022-1A Class A2β144A | Β | 4.18 | 3-20-2028 | Β | ββββββββ985,848 | βββββ966,036 |
Parallel Limited Series 2021-1A Class D (3 Month LIBOR +3.45%)β144AΒ± | Β | 8.24 | 7-15-2034 | Β | ββββββ1,000,000 | βββββ897,515 |
Sequoia Mortgage Trust Series 2003-1 Class 1A (1 Month LIBOR +0.76%)βΒ± | Β | 5.25 | 4-20-2033 | Β | ββββββββββ3,579 | βββββββ3,257 |
SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE Class Dβ144AΒ±Β± | Β | 4.39 | 1-5-2043 | Β | 1,000,000 | 546,201 |
Sound Point CLO Limited Series 2015-1RA Class BR (3 Month LIBOR +1.55%)β144AΒ± | Β | 6.34 | 4-15-2030 | Β | 1,000,000 | 965,636 |
See accompanying notes to portfolio of investments
14Β Β |Β Β Allspring Multi-Sector Income Fund
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Non-agency mortgage-backed securities (continued) | Β | Β | Β | Β | Β | Β |
Starwood Commercial Mortgage Trust Series 2022-FL3 Class A (30 Day Average U.S. SOFR +1.35%)β144AΒ± | Β | 5.63% | 11-15-2038 | $ | ββββββ1,200,000 | $βββ1,150,026 |
Structured Adjustable Rate Mortgage Loan Trust Series 2004-2 Class 2AβΒ±Β± | Β | 3.77 | 3-25-2034 | Β | ββββββββββ9,122 | βββββββ8,093 |
Terwin Mortgage Trust Series 2003-6HE Class A3 (1 Month LIBOR +1.14%)βΒ± | Β | 5.65 | 11-25-2033 | Β | ββββββββ108,904 | ββββββ95,540 |
TPG Real Estate Finance Trust Series 2022-FL5 Class A (30 Day Average U.S. SOFR +1.65%)β144AΒ± | Β | 5.95 | 2-15-2039 | Β | ββββββββ500,000 | βββββ485,705 |
Vendee Mortgage Trust Series 2003-2 Class IOββΒ±Β± | Β | 0.50 | 5-15-2033 | Β | ββββββ1,231,883 | ββββββ18,912 |
Verus Securitization Trust Series 2021-1 Class A2β144AΒ±Β± | Β | 1.05 | 1-25-2066 | Β | ββββββββ404,944 | βββββ339,846 |
Washington Mutual Mortgage Trust Series 2004-RA4 Class 3Aβ | Β | 7.50 | 7-25-2034 | Β | βββββββββ57,569 | ββββββ58,977 |
Westgate Resorts Series 2022-1A Class Cβ144A | Β | 2.49 | 8-20-2036 | Β | ββββββββ728,262 | βββββ687,273 |
Total Non-agency mortgage-backed securities (Cost $23,630,651) | Β | Β | Β | Β | Β | ββ20,944,921 |
Β Β Β Β
Β | Β | Β | Β | Shares | Β | |
Rights:β0.00% | Β | Β | Β | Β | Β | Β |
Communication services:β0.00% | Β | Β | Β | Β | Β | Β |
Diversified telecommunication services:β0.00% | Β | Β | Β | Β | Β | Β |
Intelsat Jackson Holdings SA Series A Contingent Value Rightsββ¦β | Β | Β | Β | Β | ββββββββββ4,210 | βββββββββββ0 |
Intelsat Jackson Holdings SA Series B Contingent Value Rightsββ¦β | Β | Β | Β | Β | ββββββββββ4,210 | βββββββββββ0 |
Total Rights (Cost $0) | Β | Β | Β | Β | Β | βββββββββββ0 |
Β Β Β Β
Β | Β | Β | Maturity date | Principal | Β | |
Yankee corporate bonds and notes:β9.38% | Β | Β | Β | Β | Β | Β |
Communication services:β0.66% | Β | Β | Β | Β | Β | Β |
Diversified telecommunication services:β0.00% | Β | Β | Β | Β | Β | Β |
Intelsat Jackson Holdings SAββ¦β | Β | 5.50 | 8-1-2023 | $ | ββββββ4,300,000 | βββββββββββ0 |
Media:β0.40% | Β | Β | Β | Β | Β | Β |
Videotron Limitedβ144A | Β | 5.13 | 4-15-2027 | Β | ββββββ1,175,000 | βββ1,127,906 |
Wireless telecommunication services:β0.26% | Β | Β | Β | Β | Β | Β |
Connect U.S. Finco LLCβ144A | Β | 6.75 | 10-1-2026 | Β | ββββββββ750,000 | βββββ717,188 |
Consumer discretionary:β0.71% | Β | Β | Β | Β | Β | Β |
Auto components:β0.18% | Β | Β | Β | Β | Β | Β |
Adient Global Holdings Limitedβ144A | Β | 4.88 | 8-15-2026 | Β | ββββββββ535,000 | βββββ507,934 |
Hotels, restaurants & leisure:β0.22% | Β | Β | Β | Β | Β | Β |
GENM Capital Labuan Limitedβ144A | Β | 3.88 | 4-19-2031 | Β | ββββββββ750,000 | βββββ608,651 |
See accompanying notes to portfolio of investments
Allspring Multi-Sector Income FundΒ Β |Β Β 15
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Internet & direct marketing retail:β0.31% | Β | Β | Β | Β | Β | Β |
Prosus NVβ144A | Β | 4.19% | 1-19-2032 | $ | ββββββ1,000,000 | $βββββ859,616 |
Energy:β0.42% | Β | Β | Β | Β | Β | Β |
Oil, gas & consumable fuels:β0.42% | Β | Β | Β | Β | Β | Β |
NorthRiver Midstream Finance LPβ144A | Β | 5.63 | 2-15-2026 | Β | ββββββ1,227,000 | βββ1,177,920 |
Financials:β2.62% | Β | Β | Β | Β | Β | Β |
Banks:β0.55% | Β | Β | Β | Β | Β | Β |
ABN AMRO Bank NVβ144A | Β | 4.80 | 4-18-2026 | Β | ββββββββ750,000 | βββββ730,838 |
NatWest Group plc (5 Year Treasury Constant Maturity +2.35%)βΒ± | Β | 3.03 | 11-28-2035 | Β | ββββββ1,000,000 | βββββ795,180 |
Β | Β | Β | Β | Β | Β | βββ1,526,018 |
Capital markets:β0.52% | Β | Β | Β | Β | Β | Β |
Credit Suisse Group AG (5 Year Treasury Constant Maturity +3.55%)β144AΚΒ± | Β | 4.50 | 9-3-2030 | Β | ββββββββ700,000 | βββββ469,000 |
MacQuarie Group Limited (U.S. SOFR +2.21%)β144AΒ± | Β | 5.11 | 8-9-2026 | Β | ββββββ1,000,000 | βββ1,000,543 |
Β | Β | Β | Β | Β | Β | βββ1,469,543 |
Diversified financial services:β0.68% | Β | Β | Β | Β | Β | Β |
Castlelake Aviation Financeβ144A | Β | 5.00 | 4-15-2027 | Β | ββββββββ905,000 | βββββ809,975 |
New Red Finance Incorporatedβ144A | Β | 4.00 | 10-15-2030 | Β | ββββββββ675,000 | βββββ574,594 |
New Red Finance Incorporatedβ144A | Β | 5.75 | 4-15-2025 | Β | ββββββββ515,000 | βββββ514,282 |
Β | Β | Β | Β | Β | Β | βββ1,898,851 |
Insurance:β0.87% | Β | Β | Β | Β | Β | Β |
Allied World Assurance Company Holdings Limited | Β | 4.35 | 10-29-2025 | Β | ββββββββ385,000 | βββββ372,295 |
Athene Holding Limited | Β | 4.13 | 1-12-2028 | Β | ββββββββ750,000 | βββββ714,701 |
Fairfax Financial Holdings Limited | Β | 4.85 | 4-17-2028 | Β | ββββββββ750,000 | βββββ728,477 |
Sompo International Holdings Limited | Β | 7.00 | 7-15-2034 | Β | ββββββββ575,000 | βββββ633,312 |
Β | Β | Β | Β | Β | Β | 2,448,785 |
Health care:β1.26% | Β | Β | Β | Β | Β | Β |
Biotechnology:β0.38% | Β | Β | Β | Β | Β | Β |
Grifols Escrow Issuer SAβ144A | Β | 4.75 | 10-15-2028 | Β | 1,230,000 | 1,069,633 |
Pharmaceuticals:β0.88% | Β | Β | Β | Β | Β | Β |
Bausch Health Companies Incorporatedβ144A | Β | 4.88 | 6-1-2028 | Β | 395,000 | 253,914 |
Bausch Health Companies Incorporatedβ144A | Β | 5.25 | 1-30-2030 | Β | 1,640,000 | 719,180 |
Teva Pharmaceutical Finance Netherlands III BVβ | Β | 6.00 | 4-15-2024 | Β | 1,200,000 | 1,196,298 |
Teva Pharmaceutical Finance Netherlands III BVβ | Β | 6.75 | 3-1-2028 | Β | 280,000 | 281,602 |
Β | Β | Β | Β | Β | Β | 2,450,994 |
Industrials:β3.03% | Β | Β | Β | Β | Β | Β |
Airlines:β1.37% | Β | Β | Β | Β | Β | Β |
Air Canada Pass-Through Trust Series 2020-1 Class Cβ144A | Β | 10.50 | 7-15-2026 | Β | 2,276,000 | 2,412,560 |
VistaJet Malta Finance PLCβ144A | Β | 6.38 | 2-1-2030 | Β | 1,625,000 | 1,433,088 |
Β | Β | Β | Β | Β | Β | 3,845,648 |
See accompanying notes to portfolio of investments
16Β Β |Β Β Allspring Multi-Sector Income Fund
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β | Β | Interest rate | Maturity date | Principal | Value | |
Electrical equipment:β0.86% | Β | Β | Β | Β | Β | Β |
Sensata Technologies BVβ144A | Β | 4.00% | 4-15-2029 | $ | ββββββ1,690,000 | $βββ1,516,775 |
Sensata Technologies BVβ144A | Β | 5.00 | 10-1-2025 | Β | ββββββββ260,000 | βββββ257,139 |
Sensata Technologies BVβ144A | Β | 5.88 | 9-1-2030 | Β | ββββββββ660,000 | βββββ647,625 |
Β | Β | Β | Β | Β | Β | βββ2,421,539 |
Trading companies & distributors:β0.80% | Β | Β | Β | Β | Β | Β |
Fly Leasing Limitedβ144A | Β | 7.00 | 10-15-2024 | Β | ββββββ2,575,000 | βββ2,227,355 |
Information technology:β0.29% | Β | Β | Β | Β | Β | Β |
Technology hardware, storage & peripherals:β0.29% | Β | Β | Β | Β | Β | Β |
Seagate HDD Cayman | Β | 4.13 | 1-15-2031 | Β | ββββββββ972,000 | βββββ816,431 |
Materials:β0.25% | Β | Β | Β | Β | Β | Β |
Containers & packaging:β0.25% | Β | Β | Β | Β | Β | Β |
Ardagh Packaging Finance plcβ144A | Β | 6.00 | 6-15-2027 | Β | ββββββββ715,000 | βββββ712,998 |
Utilities:β0.14% | Β | Β | Β | Β | Β | Β |
Multi-utilities:β0.14% | Β | Β | Β | Β | Β | Β |
Veolia Environnement SAβ | Β | 6.75 | 6-1-2038 | Β | ββββββββ350,000 | βββββ403,398 |
Total Yankee corporate bonds and notes (Cost $29,324,621) | Β | Β | Β | Β | Β | ββ26,290,408 |
Yankee government bonds:β0.26% | Β | Β | Β | Β | Β | Β |
Republic of Trinidad and Tobagoβ144A | Β | 4.50 | 8-4-2026 | Β | ββββββββ750,000 | βββββ739,196 |
Total Yankee government bonds (Cost $747,275) | Β | Β | Β | Β | Β | βββββ739,196 |
Β Β Β Β
Β | Β | Yield | Β | Shares | Β | |
Short-term investments:β3.08% | Β | Β | Β | Β | Β | Β |
Investment companies:β3.08% | Β | Β | Β | Β | Β | Β |
Allspring Government Money Market Fund Select Classββ β## | Β | 4.16 | Β | Β | ββββββ8,615,613 | βββ8,615,613 |
Total Short-term investments (Cost $8,615,613) | Β | Β | Β | Β | Β | βββ8,615,613 |
Total investments in securities (Cost $427,101,522) | 140.90% | Β | Β | Β | Β | β394,849,945 |
Other assets and liabilities, net | (40.90) | Β | Β | Β | Β | (114,607,657) |
Total net assets | 100.00% | Β | Β | Β | Β | $β280,242,288 |
Β Β Β Β
See accompanying notes to portfolio of investments
Allspring Multi-Sector Income FundΒ Β |Β Β 17
Portfolio of investmentsβJanuary 31, 2023 (unaudited)
Β± | Variable rate investment. 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. |
Β±Β± | 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. |
β | Investment in an interest-only security that entitles holders to receive only the interest payments on the underlying mortgages. The principal amount shown is the notional amount of the underlying mortgages. The rate represents the coupon rate. |
β | Non-income-earning security |
< | All or a portion of the position represents an unfunded loan commitment. The rate represents the current interest rate if the loan is partially funded. |
β‘ | Security is valued using significant unobservable inputs. |
β¦ | The security is fair valued in accordance with Allspring Funds Management's valuation procedures, as the Board-designated valuation designee. |
## | All or a portion of this security is segregated for unfunded loans. |
β | The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
β | The rate represents the 7-day annualized yield at period end. |
Κ | Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date. |
Β Β Β Β
Abbreviations: | |
BRL | Brazilian real |
CNY | China yuan |
COP | Colombian peso |
FHLMC | Federal Home Loan Mortgage Corporation |
FNMA | Federal National Mortgage Association |
GNMA | Government National Mortgage Association |
HUF | Hungarian forint |
IDR | Indonesian rupiah |
INR | Indian rupee |
LIBOR | London Interbank Offered Rate |
MXN | Mexican peso |
NZD | New Zealand dollar |
REIT | Real estate investment trust |
RON | Romanian lei |
SOFR | Secured Overnight Financing Rate |
ZAR | South African rand |
Investments in affiliates
An affiliated investment is an investment in which the Fund owns at least 5% of the outstanding voting shares of the issuer or as a result of other relationships, such as the Fund and the issuer having the same adviser or investment manager. Transactions with issuers that were affiliates of the Fund at the end of the period were as follows:
Β | 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 | Β | Β | Β | Β | Β | Β | Β | |
Allspring Government Money Market Fund Select Class | $15,807,130 | $22,596,806 | $(29,788,323) | $0 | $0 | $8,615,613 | 8,615,613 | $88,132 |
See accompanying notes to portfolio of investments
18Β Β |Β Β Allspring Multi-Sector Income Fund
Notes to portfolio of investmentsβJanuary 31, 2023 (unaudited)
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Fund may deviate from this calculation time under unusual or unexpected circumstances.
Debt securities are valued at the evaluated bid price provided by an independent pricing service (e.g. taking into account various factors, including yields, maturities, or credit ratings) or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.
Equity securities that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price.
The values of securities denominated in foreign currencies are translated into U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Allspring Global Investments Valuation Committee at Allspring Funds Management, LLC ("Allspring Funds Management").
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, 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.
Foreign currency translation
The accounting records of the Fund are maintained in U.S. dollars. The values of other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Allspring Global Investments Pricing Committee. Purchases and sales of securities, and income and expenses are converted at the rate of exchange on the respective dates of such transactions. Net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the U.S. dollar equivalent of the amounts actually paid or received. Net unrealized foreign exchange gains and losses arise from changes in the fair value of assets and liabilities other than investments in securities resulting from changes in exchange rates. The changes in net assets arising from changes in exchange rates of securities and the changes in net assets resulting from changes in market prices of securities are not separately presented. Such changes are included in net realized and unrealized gains or losses from investments.
When-issued transactions
The Fund may purchase securities on a forward commitment or when-issued basis. The Fund records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Fund's commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Fund begins earning interest on the settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.
Loans
The Fund may invest in direct debt instruments which are interests in amounts owed to lenders by corporate or other borrowers. The loans pay interest at rates which are periodically reset by reference to a base lending rate plus a spread. Investments in loans may be in the form of participations in loans or assignments of all or a portion of loans from third parties. When the Fund purchases participations, it generally has no rights to enforce compliance with the terms of the loan agreement with the borrower. As a result, the Fund assumes the credit risk of both the borrower and the lender that is selling the participation. When the Fund purchases assignments from lenders, it acquires direct rights against the borrower on the loan and may enforce compliance by the borrower with the terms of the loan agreement. Loans may include fully funded term loans or unfunded loan commitments, which are contractual obligations for future funding.
As of January 31, 2023, the Fund had unfunded loan commitments of $4,979,956.
Allspring Multi-Sector Income FundΒ Β |Β Β 19
Notes to portfolio of investmentsβJanuary 31, 2023 (unaudited)
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 Fundβs 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 Fundβs 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:
β | Level 1 β quoted prices in active markets for identical securities |
β | Level 2 β other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
β | Level 3 β significant unobservable inputs (including the Fundβs 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 Fundβs assets and liabilities as of January 31, 2023:
Β | Quoted prices (Level 1) | Other significant observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total |
Assets | Β | Β | Β | Β |
Investments in: | Β | Β | Β | Β |
Agency securities | $0 | $1,195,768 | $0 | $1,195,768 |
Asset-backed securities | 0 | 3,384,331 | 0 | 3,384,331 |
Common stocks | Β | Β | Β | Β |
Energy | 1,029,705 | 0 | 0 | 1,029,705 |
Financials | 742,897 | 0 | 0 | 742,897 |
Corporate bonds and notes | 0 | 195,115,865 | 0 | 195,115,865 |
Foreign corporate bonds and notes | 0 | 19,196,010 | 0 | 19,196,010 |
Foreign government bonds | 0 | 64,001,853 | 0 | 64,001,853 |
Loans | 0 | 51,735,441 | 1,857,937 | 53,593,378 |
Non-agency mortgage-backed securities | 0 | 20,944,921 | 0 | 20,944,921 |
Rights | Β | Β | Β | Β |
Communication services | 0 | 0 | 0 | 0 |
Yankee corporate bonds and notes | 0 | 26,290,408 | 0 | 26,290,408 |
Yankee government bonds | 0 | 739,196 | 0 | 739,196 |
Short-term investments | Β | Β | Β | Β |
Investment companies | 8,615,613 | 0 | 0 | 8,615,613 |
Total assets | $10,388,215 | $382,603,793 | $1,857,937 | $394,849,945 |
Additional sector, industry or geographic detail, if any, is included in the Portfolio of Investments.
For the three months ended January 31, 2023, the Fund had no material transfers into/out of Level 3.
20Β Β |Β Β Allspring Multi-Sector Income Fund