Allspring Macro Strategies Portfolio

Fund Profile

Fund profile

Fund manager

Wells Fargo Master Trust

Total assets

$304.16 mm

Liabilities

$11.51 mm

Net assets

$292.65 mm

Number of holdings

181.00

181 Holdings

As of Oct 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
ALLSPRING GOVERNMENT MONEY MAR	148.75 mm	148.75 mm shares	50.83	Short-term investment vehicle	Long	USA
MACRO STRAT SPE INV CAYMAN LTD	76.26 mm	3.78 mm shares	26.06	Common equity	Long	USA
U.S. Treasury Inflation-Indexed Notes	6.66 mm	6.95 mm principal	2.28	Debt	Long	USA
U.S. Treasury Inflation-Indexed Bonds	6.66 mm	6.68 mm principal	2.27	Debt	Long	USA
U.S. Treasury Inflation-Indexed Notes	6.63 mm	7.41 mm principal	2.26	Debt	Long	USA
U.S. Treasury Inflation-Indexed Bonds	6.61 mm	8.23 mm principal	2.26	Debt	Long	USA
U.S. Treasury Inflation-Indexed Notes	6.57 mm	6.42 mm principal	2.25	Debt	Long	USA
U.S. Treasury Inflation-Indexed Bonds	6.55 mm	6.19 mm principal	2.24	Debt	Long	USA
U.S. Treasury Inflation-Indexed Notes	6.53 mm	7.41 mm principal	2.23	Debt	Long	USA
U.S. Treasury Inflation-Indexed Notes	4.09 mm	4.55 mm principal	1.40	Debt	Long	USA
U.S. Treasury Inflation-Indexed Bonds	3.90 mm	3.60 mm principal	1.33	Debt	Long	USA
U.S. Treasury Inflation-Indexed Notes	3.69 mm	3.81 mm principal	1.26	Debt	Long	USA
U.S. Treasury Inflation-Indexed Bonds	3.14 mm	5.36 mm principal	1.07	Debt	Long	USA
US ULTRA BOND CBT DEC24	2.25 mm	-703.00 contracts	0.77	Interest rate derivative	N/A	USA
U.S. Treasury Inflation-Indexed Notes	2.16 mm	2.31 mm principal	0.74	Debt	Long	USA
AMT American Tower Corporation	1.99 mm	9.33 k shares	0.68	Common equity	Long	USA
EQIX Equinix, Inc.	1.95 mm	2.15 k shares	0.67	Common equity	Long	USA
PURCHASED USD / SOLD JPY Morgan Stanley Capital Services LLC	1.75 mm	1.00 contracts	0.60	DFE	N/A	USA
PLD Prologis, Inc.	1.68 mm	14.84 k shares	0.57	Common equity	Long	USA
WELL Welltower Inc.	1.51 mm	11.21 k shares	0.52	Common equity	Long	USA
U.S. Treasury Inflation-Indexed Notes	1.40 mm	1.43 mm principal	0.48	Debt	Long	USA
IRM Iron Mountain Incorporated	1.20 mm	9.67 k shares	0.41	Common equity	Long	USA
SUI Sun Communities, Inc.	1.17 mm	8.79 k shares	0.40	Common equity	Long	USA
SBAC SBA Communications Corporation	1.14 mm	4.97 k shares	0.39	Common equity	Long	USA
EXR Extra Space Storage Inc.	1.01 mm	6.21 k shares	0.35	Common equity	Long	USA
Simon Property Group, Inc.	830.21 k	4.91 k shares	0.28	Common equity	Long	USA
PURCHASED USD / SOLD NZD Morgan Stanley Capital Services LLC	829.24 k	1.00 contracts	0.28	DFE	N/A	USA
TRNO Terreno Realty Corporation	800.63 k	13.36 k shares	0.27	Common equity	Long	USA
MAA Mid-America Apartment Communities, Inc.	745.50 k	4.93 k shares	0.25	Common equity	Long	USA
VICI VICI Properties Inc.	713.62 k	22.47 k shares	0.24	Common equity	Long	USA
CPT Camden Property Trust	698.68 k	6.03 k shares	0.24	Common equity	Long	USA
U.S. Treasury Inflation-Indexed Bonds	695.20 k	689.98 k principal	0.24	Debt	Long	USA
PURCHASED USD / SOLD JPY Morgan Stanley Capital Services LLC	637.46 k	1.00 contracts	0.22	DFE	N/A	USA
PURCHASED USD / SOLD CHF Morgan Stanley Capital Services LLC	629.90 k	1.00 contracts	0.22	DFE	N/A	USA
American Homes 4 Rent	628.33 k	17.83 k shares	0.21	Common equity	Long	USA
PURCHASED USD / SOLD GBP Morgan Stanley Capital Services LLC	613.07 k	1.00 contracts	0.21	DFE	N/A	USA
ARE Alexandria Real Estate Equities, Inc.	588.87 k	5.28 k shares	0.20	Common equity	Long	USA
PURCHASED USD / SOLD CAD Morgan Stanley Capital Services LLC	584.87 k	1.00 contracts	0.20	DFE	N/A	USA
PURCHASED USD / SOLD KRW Morgan Stanley Capital Services LLC	577.35 k	1.00 contracts	0.20	DFE	N/A	USA
CHF CURRENCY FUT DEC24	575.86 k	-155.00 contracts	0.20	DFE	N/A	USA
FR First Industrial Realty Trust, Inc.	549.36 k	10.47 k shares	0.19	Common equity	Long	USA
CCI Crown Castle Inc.	539.06 k	5.01 k shares	0.18	Common equity	Long	USA
EURO-BUXL 30Y BND DEC24	536.47 k	-162.00 contracts	0.18	Interest rate derivative	N/A	Germany
NASDAQ 100 E-MINI DEC24	535.21 k	103.00 contracts	0.18	Equity derivative	N/A	USA
PURCHASED USD / SOLD AUD Morgan Stanley Capital Services LLC	527.51 k	1.00 contracts	0.18	DFE	N/A	USA
INVH Invitation Homes Inc.	505.42 k	16.09 k shares	0.17	Common equity	Long	USA
LEAN HOGS FUTURE DEC24	502.80 k	125.00 contracts	0.17	Commodity derivative	N/A	USA
PURCHASED USD / SOLD CAD Morgan Stanley Capital Services LLC	478.28 k	1.00 contracts	0.16	DFE	N/A	USA
CUBE CubeSmart	453.71 k	9.48 k shares	0.16	Common equity	Long	USA
PURCHASED USD / SOLD EUR Morgan Stanley Capital Services LLC	405.13 k	1.00 contracts	0.14	DFE	N/A	USA
FRT Federal Realty Investment Trust	401.57 k	3.62 k shares	0.14	Common equity	Long	USA
PURCHASED USD / SOLD HUF Morgan Stanley Capital Services LLC	398.63 k	1.00 contracts	0.14	DFE	N/A	USA
PURCHASED USD / SOLD KRW Morgan Stanley Capital Services LLC	383.27 k	1.00 contracts	0.13	DFE	N/A	USA
GLPI Gaming and Leisure Properties, Inc.	379.79 k	7.57 k shares	0.13	Common equity	Long	USA
PURCHASED USD / SOLD NZD Morgan Stanley Capital Services LLC	366.00 k	1.00 contracts	0.13	DFE	N/A	USA
PURCHASED USD / SOLD EUR Morgan Stanley Capital Services LLC	363.83 k	1.00 contracts	0.12	DFE	N/A	USA
IRT Independence Realty Trust, Inc.	353.45 k	18.02 k shares	0.12	Common equity	Long	USA
PURCHASED USD / SOLD CZK Morgan Stanley Capital Services LLC	337.81 k	1.00 contracts	0.12	DFE	N/A	USA
PURCHASED USD / SOLD SEK Morgan Stanley Capital Services LLC	334.37 k	1.00 contracts	0.11	DFE	N/A	USA
PURCHASED USD / SOLD IDR Morgan Stanley Capital Services LLC	321.88 k	1.00 contracts	0.11	DFE	N/A	USA
PURCHASED USD / SOLD CHF Morgan Stanley Capital Services LLC	320.74 k	1.00 contracts	0.11	DFE	N/A	USA
PURCHASED USD / SOLD CAD Morgan Stanley Capital Services LLC	309.52 k	1.00 contracts	0.11	DFE	N/A	USA
FCPT Four Corners Property Trust, Inc.	284.83 k	10.34 k shares	0.10	Common equity	Long	USA
PURCHASED USD / SOLD NOK Morgan Stanley Capital Services LLC	279.53 k	1.00 contracts	0.10	DFE	N/A	USA
PURCHASED USD / SOLD EUR Morgan Stanley Capital Services LLC	276.82 k	1.00 contracts	0.09	DFE	N/A	USA
TOPIX INDX FUTR DEC24	242.41 k	27.00 contracts	0.08	Equity derivative	N/A	Japan
LME PRI ALUM FUTR DEC24	230.21 k	34.00 contracts	0.08	Commodity derivative	N/A	UK
PURCHASED USD / SOLD HUF Morgan Stanley Capital Services LLC	229.09 k	1.00 contracts	0.08	DFE	N/A	USA
WHEAT FUTURE(CBT) DEC24	221.84 k	-108.00 contracts	0.08	Commodity derivative	N/A	USA
PURCHASED USD / SOLD NZD Morgan Stanley Capital Services LLC	211.52 k	1.00 contracts	0.07	DFE	N/A	USA
PURCHASED USD / SOLD AUD Morgan Stanley Capital Services LLC	210.80 k	1.00 contracts	0.07	DFE	N/A	USA
MSCI EMGMKT DEC24	188.89 k	127.00 contracts	0.06	Equity derivative	N/A	USA
LME ZINC FUTURE DEC24	188.10 k	25.00 contracts	0.06	Commodity derivative	N/A	UK
PURCHASED USD / SOLD CZK Morgan Stanley Capital Services LLC	178.73 k	1.00 contracts	0.06	DFE	N/A	USA
S+P500 EMINI FUT DEC24	177.91 k	-28.00 contracts	0.06	Equity derivative	N/A	USA
PURCHASED USD / SOLD PLN Morgan Stanley Capital Services LLC	175.90 k	1.00 contracts	0.06	DFE	N/A	USA
KC HRW WHEAT FUT DEC24	175.22 k	-201.00 contracts	0.06	Commodity derivative	N/A	USA
PURCHASED USD / SOLD NOK Morgan Stanley Capital Services LLC	165.83 k	1.00 contracts	0.06	DFE	N/A	USA
PURCHASED USD / SOLD BRL Morgan Stanley Capital Services LLC	160.94 k	1.00 contracts	0.05	DFE	N/A	USA
PURCHASED USD / SOLD JPY Morgan Stanley Capital Services LLC	160.82 k	1.00 contracts	0.05	DFE	N/A	USA
PURCHASED USD / SOLD CLP Morgan Stanley Capital Services LLC	138.93 k	1.00 contracts	0.05	DFE	N/A	USA
S+P/TSX 60 IX FUT DEC24	133.41 k	37.00 contracts	0.05	Equity derivative	N/A	Canada
PURCHASED USD / SOLD CLP Morgan Stanley Capital Services LLC	125.70 k	1.00 contracts	0.04	DFE	N/A	USA
HANG SENG IDX FUT NOV24	122.15 k	-62.00 contracts	0.04	Equity derivative	N/A	Hong Kong
PURCHASED USD / SOLD PLN Morgan Stanley Capital Services LLC	120.50 k	1.00 contracts	0.04	DFE	N/A	USA
U.S. Treasury Inflation-Indexed Bonds	119.92 k	120.21 k principal	0.04	Debt	Long	USA
PURCHASED USD / SOLD GBP Morgan Stanley Capital Services LLC	119.44 k	1.00 contracts	0.04	DFE	N/A	USA
U.S. Treasury Inflation-Indexed Notes	117.41 k	122.64 k principal	0.04	Debt	Long	USA
U.S. Treasury Inflation-Indexed Notes	116.64 k	116.89 k principal	0.04	Debt	Long	USA
U.S. Treasury Inflation-Indexed Notes	113.45 k	117.28 k principal	0.04	Debt	Long	USA
U.S. Treasury Inflation-Indexed Notes	111.83 k	115.82 k principal	0.04	Debt	Long	USA
U.S. Treasury Inflation-Indexed Bonds	110.39 k	109.27 k principal	0.04	Debt	Long	USA
PURCHASED USD / SOLD IDR Morgan Stanley Capital Services LLC	107.61 k	1.00 contracts	0.04	DFE	N/A	USA
U.S. Treasury Inflation-Indexed Bonds	107.31 k	140.36 k principal	0.04	Debt	Long	USA
DAX INDEX FUTURE DEC24	102.10 k	12.00 contracts	0.03	Equity derivative	N/A	Germany
PURCHASED USD / SOLD GBP Morgan Stanley Capital Services LLC	80.98 k	1.00 contracts	0.03	DFE	N/A	USA
PURCHASED ZAR / SOLD USD Morgan Stanley Capital Services LLC	73.49 k	1.00 contracts	0.03	DFE	N/A	South Africa
CORN FUTURE DEC24	60.29 k	-55.00 contracts	0.02	Commodity derivative	N/A	USA
LME ZINC FUTURE DEC24	55.31 k	-49.00 contracts	0.02	Commodity derivative	N/A	UK
PURCHASED EUR / SOLD USD Morgan Stanley Capital Services LLC	39.15 k	1.00 contracts	0.01	DFE	N/A	XX
NY HARB ULSD FUT DEC24	34.98 k	22.00 contracts	0.01	Commodity derivative	N/A	USA
GOLD 100 OZ FUTR DEC24	28.47 k	4.00 contracts	0.01	Commodity derivative	N/A	USA
PURCHASED MXN / SOLD USD Morgan Stanley Capital Services LLC	26.18 k	1.00 contracts	0.01	DFE	N/A	Mexico
SOYBEAN FUTURE JAN25	21.54 k	30.00 contracts	0.01	Commodity derivative	N/A	USA
PURCHASED USD / SOLD IDR Morgan Stanley Capital Services LLC	20.98 k	1.00 contracts	0.01	DFE	N/A	USA
LME NICKEL FUTURE DEC24	16.77 k	-10.00 contracts	0.01	Commodity derivative	N/A	UK
PURCHASED MXN / SOLD USD Morgan Stanley Capital Services LLC	16.66 k	1.00 contracts	0.01	DFE	N/A	Mexico
PURCHASED USD / SOLD INR Morgan Stanley Capital Services LLC	16.14 k	1.00 contracts	0.01	DFE	N/A	USA
PURCHASED INR / SOLD USD Morgan Stanley Capital Services LLC	16.10 k	1.00 contracts	0.01	DFE	N/A	India
COCOA FUTURE DEC24	15.34 k	-54.00 contracts	0.01	Commodity derivative	N/A	USA
BRENT CRUDE FUTR JAN25	12.68 k	-20.00 contracts	0.00	Commodity derivative	N/A	UK
PURCHASED USD / SOLD SEK Morgan Stanley Capital Services LLC	9.10 k	1.00 contracts	0.00	DFE	N/A	USA
SILVER FUTURE DEC24	7.19 k	1.00 contracts	0.00	Commodity derivative	N/A	USA
PURCHASED INR / SOLD USD Morgan Stanley Capital Services LLC	5.34 k	1.00 contracts	0.00	DFE	N/A	India
E-MINI RUSS 2000 DEC24	4.77 k	42.00 contracts	0.00	Equity derivative	N/A	USA
PURCHASED INR / SOLD USD Morgan Stanley Capital Services LLC	-16.14 k	1.00 contracts	-0.01	DFE	N/A	India
PURCHASED CAD / SOLD USD Morgan Stanley Capital Services LLC	-19.66 k	1.00 contracts	-0.01	DFE	N/A	Canada
SPI 200 FUTURES DEC24	-20.17 k	58.00 contracts	-0.01	Equity derivative	N/A	Australia
PURCHASED IDR / SOLD USD Morgan Stanley Capital Services LLC	-20.94 k	1.00 contracts	-0.01	DFE	N/A	Indonesia
LOW SU GASOIL G DEC24	-26.60 k	-18.00 contracts	-0.01	Commodity derivative	N/A	UK
COFFEE 'C' FUTURE DEC24	-26.73 k	-18.00 contracts	-0.01	Commodity derivative	N/A	USA
EURO STOXX 50 DEC24	-30.91 k	113.00 contracts	-0.01	Equity derivative	N/A	Germany
GASOLINE RBOB FUT DEC24	-31.12 k	38.00 contracts	-0.01	Commodity derivative	N/A	USA
LME PRI ALUM FUTR DEC24	-35.80 k	-32.00 contracts	-0.01	Commodity derivative	N/A	UK
PURCHASED USD / SOLD MXN Morgan Stanley Capital Services LLC	-38.36 k	1.00 contracts	-0.01	DFE	N/A	USA
PURCHASED USD / SOLD INR Morgan Stanley Capital Services LLC	-41.93 k	1.00 contracts	-0.01	DFE	N/A	USA
US 10YR NOTE (CBT)DEC24	-43.18 k	225.00 contracts	-0.01	Interest rate derivative	N/A	USA
SOYBEAN OIL FUTR DEC24	-43.36 k	-67.00 contracts	-0.01	Commodity derivative	N/A	USA
LME LEAD FUTURE NOV24	-52.02 k	-43.00 contracts	-0.02	Commodity derivative	N/A	UK
PURCHASED BRL / SOLD USD Morgan Stanley Capital Services LLC	-64.14 k	1.00 contracts	-0.02	DFE	N/A	Brazil
PURCHASED USD / SOLD ZAR Morgan Stanley Capital Services LLC	-69.65 k	1.00 contracts	-0.02	DFE	N/A	USA
LME NICKEL FUTURE NOV24	-70.51 k	10.00 contracts	-0.02	Commodity derivative	N/A	UK
LME ZINC FUTURE JAN25	-73.00 k	25.00 contracts	-0.02	Commodity derivative	N/A	UK
LIVE CATTLE FUTR DEC24	-89.25 k	-30.00 contracts	-0.03	Commodity derivative	N/A	USA
LME LEAD FUTURE NOV24	-92.78 k	41.00 contracts	-0.03	Commodity derivative	N/A	UK
PURCHASED BRL / SOLD USD Morgan Stanley Capital Services LLC	-97.30 k	1.00 contracts	-0.03	DFE	N/A	Brazil
PURCHASED USD / SOLD ZAR Morgan Stanley Capital Services LLC	-104.78 k	1.00 contracts	-0.04	DFE	N/A	USA
COTTON NO.2 FUTR DEC24	-120.64 k	172.00 contracts	-0.04	Commodity derivative	N/A	USA
LME COPPER FUTURE DEC24	-137.29 k	33.00 contracts	-0.05	Commodity derivative	N/A	UK
PURCHASED GBP / SOLD USD Morgan Stanley Capital Services LLC	-142.85 k	1.00 contracts	-0.05	DFE	N/A	UK
PURCHASED KRW / SOLD USD Morgan Stanley Capital Services LLC	-156.46 k	1.00 contracts	-0.05	DFE	N/A	Korea, Republic of
NATURAL GAS FUTR JAN25	-165.62 k	68.00 contracts	-0.06	Commodity derivative	N/A	USA
WTI CRUDE FUTURE DEC24	-175.71 k	53.00 contracts	-0.06	Commodity derivative	N/A	USA
CAC40 10 EURO FUT NOV24	-176.47 k	77.00 contracts	-0.06	Equity derivative	N/A	France
FTSE 100 IDX FUT DEC24	-215.77 k	76.00 contracts	-0.07	Equity derivative	N/A	UK
PURCHASED KRW / SOLD USD Morgan Stanley Capital Services LLC	-224.50 k	1.00 contracts	-0.08	DFE	N/A	Korea, Republic of
PURCHASED JPY / SOLD USD Morgan Stanley Capital Services LLC	-230.47 k	1.00 contracts	-0.08	DFE	N/A	Japan
PURCHASED JPY / SOLD USD Morgan Stanley Capital Services LLC	-232.15 k	1.00 contracts	-0.08	DFE	N/A	Japan
PURCHASED GBP / SOLD USD Morgan Stanley Capital Services LLC	-233.84 k	1.00 contracts	-0.08	DFE	N/A	UK
MSCI EAFE DEC24	-266.11 k	60.00 contracts	-0.09	Equity derivative	N/A	USA
PURCHASED PLN / SOLD USD Morgan Stanley Capital Services LLC	-300.45 k	1.00 contracts	-0.10	DFE	N/A	Poland
PURCHASED IDR / SOLD USD Morgan Stanley Capital Services LLC	-302.31 k	1.00 contracts	-0.10	DFE	N/A	Indonesia
PURCHASED SEK / SOLD USD Morgan Stanley Capital Services LLC	-308.75 k	1.00 contracts	-0.11	DFE	N/A	Sweden
LME COPPER FUTURE DEC24	-315.45 k	-33.00 contracts	-0.11	Commodity derivative	N/A	UK
STOXX EUROPE 600 DEC24	-324.14 k	476.00 contracts	-0.11	Equity derivative	N/A	Germany
PURCHASED AUD / SOLD USD Morgan Stanley Capital Services LLC	-349.82 k	1.00 contracts	-0.12	DFE	N/A	Australia
PURCHASED AUD / SOLD USD Morgan Stanley Capital Services LLC	-380.85 k	1.00 contracts	-0.13	DFE	N/A	Australia
PURCHASED CLP / SOLD USD Morgan Stanley Capital Services LLC	-395.62 k	1.00 contracts	-0.14	DFE	N/A	Chile
PURCHASED EUR / SOLD USD Morgan Stanley Capital Services LLC	-411.43 k	1.00 contracts	-0.14	DFE	N/A	XX
EURO-OAT FUTURE DEC24	-415.45 k	166.00 contracts	-0.14	Interest rate derivative	N/A	Germany
EURO FX CURR FUT DEC24	-434.60 k	199.00 contracts	-0.15	DFE	N/A	USA
SOYBEAN MEAL FUTR DEC24	-436.00 k	120.00 contracts	-0.15	Commodity derivative	N/A	USA
PURCHASED NOK / SOLD USD Morgan Stanley Capital Services LLC	-464.67 k	1.00 contracts	-0.16	DFE	N/A	Norway
PURCHASED CZK / SOLD USD Morgan Stanley Capital Services LLC	-483.83 k	1.00 contracts	-0.17	DFE	N/A	Czechia
PURCHASED CHF / SOLD USD Morgan Stanley Capital Services LLC	-510.67 k	1.00 contracts	-0.17	DFE	N/A	Switzerland
PURCHASED CHF / SOLD USD Morgan Stanley Capital Services LLC	-518.96 k	1.00 contracts	-0.18	DFE	N/A	Switzerland
PURCHASED SEK / SOLD USD Morgan Stanley Capital Services LLC	-567.06 k	1.00 contracts	-0.19	DFE	N/A	Sweden
PURCHASED KRW / SOLD USD Morgan Stanley Capital Services LLC	-577.27 k	1.00 contracts	-0.20	DFE	N/A	Korea, Republic of
PURCHASED NZD / SOLD USD Morgan Stanley Capital Services LLC	-577.52 k	1.00 contracts	-0.20	DFE	N/A	New Zealand
PURCHASED CAD / SOLD USD Morgan Stanley Capital Services LLC	-584.82 k	1.00 contracts	-0.20	DFE	N/A	Canada
PURCHASED HUF / SOLD USD Morgan Stanley Capital Services LLC	-612.98 k	1.00 contracts	-0.21	DFE	N/A	Hungary
DJ US REAL ESTATE DEC24	-659.05 k	339.00 contracts	-0.23	Equity derivative	N/A	USA
PURCHASED CAD / SOLD USD Morgan Stanley Capital Services LLC	-723.94 k	1.00 contracts	-0.25	DFE	N/A	Canada
SUGAR 11 (WORLD) MAR25	-736.68 k	-179.00 contracts	-0.25	Commodity derivative	N/A	USA
XAV HEALTH CARE DEC24	-746.51 k	83.00 contracts	-0.26	Equity derivative	N/A	USA
CAN 10YR BOND FUT DEC24	-1.23 mm	735.00 contracts	-0.42	Interest rate derivative	N/A	Canada
PURCHASED JPY / SOLD USD Morgan Stanley Capital Services LLC	-1.53 mm	1.00 contracts	-0.52	DFE	N/A	Japan
EURO-BUND FUTURE DEC24	-1.77 mm	724.00 contracts	-0.60	Interest rate derivative	N/A	Germany
LONG GILT FUTURE DEC24	-2.37 mm	362.00 contracts	-0.81	Interest rate derivative	N/A	UK
AUST 10Y BOND FUT DEC24	-2.88 mm	846.00 contracts	-0.98	Interest rate derivative	N/A	Australia
US 10YR ULTRA FUT DEC24	-4.67 mm	796.00 contracts	-1.60	Interest rate derivative	N/A	USA