Portfolio of investments—May 31, 2026 (unaudited)
Portfolio of investments
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities:  27.91%
 
FHLMC
2.00
%
10-1-2051
$
37,185,304
$29,953,955
FHLMC
2.00
1-1-2052
 
33,626,484
27,053,413
FHLMC
2.00
3-1-2052
 
22,734,459
18,266,717
FHLMC
2.00
6-1-2052
 
7,464,281
5,997,190
FHLMC
2.50
8-1-2037
 
4,020,028
3,787,235
FHLMC
2.50
9-1-2050
 
8,817,033
7,396,969
FHLMC
2.50
12-1-2050
 
23,883,596
20,030,707
FHLMC
2.50
6-1-2051
 
98,251,338
82,425,796
FHLMC
2.50
11-1-2051
 
8,196,075
7,010,385
FHLMC
2.50
4-1-2052
 
26,190,909
22,060,252
FHLMC
3.00
9-1-2034
 
195,404
187,110
FHLMC
3.00
6-1-2050
 
418,655
373,135
FHLMC
3.00
7-1-2050
 
1,293,346
1,152,336
FHLMC
3.00
8-1-2050
 
1,777,435
1,572,991
FHLMC
3.00
11-1-2050
 
23,225,266
20,391,743
FHLMC
3.00
3-1-2052
 
207,564
182,975
FHLMC
3.00
5-1-2052
 
17,220,541
15,143,311
FHLMC
3.00
6-1-2052
 
439,384
384,660
FHLMC
3.00
6-1-2053
 
14,467,311
12,687,102
FHLMC
3.50
7-1-2038
 
10,364,642
9,919,654
FHLMC
3.50
12-1-2045
 
764,021
711,314
FHLMC
3.50
5-1-2052
 
82,517
75,307
FHLMC
4.00
6-1-2037
 
1,919,042
1,864,509
FHLMC
4.00
4-1-2038
 
11,073,132
10,768,387
FHLMC
4.00
6-1-2044
 
455,600
436,375
FHLMC
4.00
5-1-2049
 
772,335
733,973
FHLMC
4.00
6-1-2052
 
4,803,950
4,521,747
FHLMC
4.00
8-1-2052
 
6,665,783
6,253,040
FHLMC
4.00
11-1-2053
 
18,378,277
17,220,142
FHLMC
4.00
5-1-2054
 
12,736,087
11,930,915
FHLMC
4.50
5-1-2053
 
11,402,740
11,023,730
FHLMC
5.00
6-1-2036
 
52,991
53,561
FHLMC
5.00
8-1-2040
 
58,353
58,983
FHLMC
5.00
7-1-2052
 
16,485,602
16,378,085
FHLMC
5.00
11-1-2052
 
14,922,995
14,784,112
FHLMC
5.00
5-1-2053
 
10,532,718
10,440,207
FHLMC
5.00
12-1-2053
 
9,644,007
9,578,578
FHLMC
5.00
12-1-2054
 
16,702,833
16,449,266
FHLMC
5.00
2-1-2056
 
85,337,581
83,999,166
FHLMC
5.00
5-1-2056
 
32,549,729
32,039,226
FHLMC
5.50
8-1-2038
 
14,610
15,004
FHLMC
5.50
12-1-2038
 
118,781
121,983
FHLMC
5.50
6-1-2040
 
222,975
228,525
FHLMC
5.50
11-1-2052
 
86,681
87,531
FHLMC
5.50
3-1-2053
 
57,783,673
58,340,198
FHLMC
5.50
9-1-2053
 
18,275,439
18,468,985
FHLMC
5.50
1-1-2054
 
50,237,968
50,567,703
FHLMC
5.50
2-1-2055
 
15,017,737
15,092,821
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 1

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
FHLMC
5.50
%
9-1-2055
$
46,959,406
$47,194,187
FHLMC
6.00
5-1-2054
 
23,190,324
23,693,805
FHLMC
6.00
9-1-2054
 
9,407,669
9,611,917
FHLMC
6.00
12-1-2055
 
33,833,348
34,567,897
FHLMC
6.50
7-1-2055
 
40,883,816
42,633,999
FHLMC
6.50
9-1-2055
 
13,817,711
14,358,352
FHLMC
8.00
2-1-2030
 
19
19
FHLMC Structured Pass-Through Certificates
Series T-42 Class A5
7.50
2-25-2042
 
659,163
699,088
FHLMC Structured Pass-Through Certificates
Series T-57 Class 2A1±±
4.89
7-25-2043
 
20,817
20,304
FHLMC Structured Pass-Through Certificates
Series T-59 Class 2A1±±
4.21
10-25-2043
 
90,245
83,056
FHLMC Whole Loan Securities Trust Series 2015-SC01
Class 1A
3.50
5-25-2045
 
80,973
72,932
FHLMC (RFUCCT1Y+1.33%)±
5.58
1-1-2036
 
2,048
2,076
FNMA
2.00
4-1-2051
 
20,876,999
16,712,632
FNMA
2.00
5-1-2051
 
65,396,743
52,747,928
FNMA
2.00
8-1-2051
 
9,892,823
7,971,604
FNMA
2.00
10-1-2051
 
112,373,426
90,584,210
FNMA
2.00
12-1-2051
 
8,938,048
7,186,995
FNMA
2.00
1-1-2052
 
21,563,369
17,290,685
FNMA
2.00
2-1-2052
 
30,003,953
24,150,742
FNMA
2.00
6-1-2052
 
2,465,144
1,977,049
FNMA
2.50
12-1-2050
 
16,475,074
13,840,220
FNMA
2.50
12-1-2051
 
31,469,513
26,402,176
FNMA
2.50
1-1-2052
 
8,970,495
7,539,069
FNMA
2.50
2-1-2052
 
14,995,152
12,574,597
FNMA
2.50
3-1-2052
 
14,236,970
11,986,182
FNMA
3.00
11-1-2045
 
408,260
367,578
FNMA
3.00
12-1-2045
 
1,036,563
934,024
FNMA
3.00
12-1-2046
 
570,422
509,409
FNMA
3.00
8-1-2050
 
1,486,821
1,311,240
FNMA
3.00
10-1-2051
 
18,444,390
16,242,770
FNMA
3.00
11-1-2051
 
30,903,876
27,231,160
FNMA
3.00
1-1-2052
 
6,771,603
5,923,172
FNMA
3.00
2-1-2052
 
6,252,395
5,502,465
FNMA
3.00
6-1-2052
 
18,029,939
15,760,596
FNMA
3.00
8-1-2052
 
20,054,198
17,549,571
FNMA%%
3.00
6-11-2056
 
10,650,000
9,299,906
FNMA
3.50
12-1-2037
 
11,184,374
10,701,157
FNMA
3.50
10-1-2043
 
431,115
402,056
FNMA
3.50
4-1-2045
 
60,250
56,113
FNMA
3.50
8-1-2045
 
917,134
854,144
FNMA
3.50
3-1-2048
 
1,949,873
1,795,376
FNMA
3.50
6-1-2052
 
44,302,646
40,395,458
FNMA
3.50
8-1-2052
 
8,534,163
7,761,711
FNMA
3.50
9-1-2052
 
18,349,864
16,705,555
See accompanying notes to portfolio of investments
2 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
FNMA
3.62
%
3-1-2029
$
415,519
$408,677
FNMA
4.00
8-1-2037
 
3,939,939
3,832,624
FNMA
4.00
9-1-2037
 
3,739,575
3,637,719
FNMA
4.00
1-1-2038
 
3,522,409
3,424,373
FNMA
4.00
11-1-2039
 
6,369,541
6,189,850
FNMA
4.00
2-1-2046
 
109,383
104,393
FNMA
4.00
4-1-2046
 
635,745
607,002
FNMA
4.00
6-1-2048
 
645,809
609,778
FNMA
4.00
2-1-2050
 
863,692
819,448
FNMA
4.00
10-1-2052
 
42,833,313
40,213,713
FNMA
4.00
6-1-2053
 
22,569,498
21,215,060
FNMA
4.00
9-1-2053
 
11,185,186
10,491,965
FNMA
4.50
11-1-2048
 
578,287
564,116
FNMA
4.50
6-1-2052
 
35,005,121
33,762,817
FNMA
4.50
9-1-2052
 
31,308,919
30,192,909
FNMA
4.50
4-1-2053
 
29,139,310
28,164,265
FNMA
5.00
2-1-2036
 
6,074
6,132
FNMA
5.00
6-1-2040
 
17,404
17,570
FNMA
5.00
8-1-2040
 
441,914
443,341
FNMA
5.00
3-1-2053
 
5,422,356
5,368,894
FNMA
5.00
11-1-2054
 
27,481,277
27,066,202
FNMA
5.00
11-1-2055
 
23,294,948
22,929,596
FNMA
5.50
8-1-2034
 
22,784
23,086
FNMA
5.50
2-1-2035
 
6,678
6,779
FNMA
5.50
8-1-2038
 
136,760
138,427
FNMA
5.50
2-1-2053
 
32,239,764
32,641,280
FNMA
5.50
6-1-2053
 
10,249,591
10,361,657
FNMA
5.50
1-1-2054
 
12,665,338
12,751,379
FNMA
5.50
12-1-2054
 
17,301,189
17,387,689
FNMA
5.50
1-1-2055
 
75,333,035
75,709,675
FNMA
5.50
12-1-2055
 
10,328,151
10,379,789
FNMA
5.50
1-1-2056
 
15,056,948
15,132,227
FNMA%%
5.50
6-11-2056
 
21,670,000
21,765,640
FNMA%%
5.50
7-13-2056
 
53,420,000
53,574,386
FNMA
6.00
10-1-2037
 
150,784
157,984
FNMA
6.00
11-1-2037
 
8,647
9,036
FNMA
6.00
6-1-2054
 
11,287,046
11,630,797
FNMA
6.00
5-1-2055
 
123,779,408
126,466,758
FNMA
6.00
9-1-2055
 
14,929,811
15,253,949
FNMA%%
6.00
6-11-2056
 
10,695,000
10,920,345
FNMA
6.50
7-1-2036
 
5,398
5,703
FNMA
6.50
11-1-2036
 
985
1,041
FNMA
6.50
11-1-2054
 
43,330,347
45,025,719
FNMA
6.50
9-1-2055
 
14,587,157
15,157,903
FNMA%%
6.50
6-11-2056
 
13,380,000
13,907,519
FNMA
7.00
7-1-2036
 
4,110
4,345
FNMA
7.00
11-1-2037
 
2,393
2,421
FNMA (1 Year Treasury Constant Maturity+2.24%)±
5.98
11-1-2038
 
6,231
6,500
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 3

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
FNMA (1 Year Treasury Constant Maturity+2.30%)±
6.11
%
8-1-2036
$
121,937
$126,653
FNMA (RFUCCT1Y+1.61%)±
5.74
5-1-2046
 
133,614
138,073
FNMA (RFUCCT1Y+1.61%)±
5.86
3-1-2046
 
122,980
127,211
FNMA (RFUCCT1Y+1.73%)±
6.48
9-1-2036
 
2,760
2,839
FNMA (RFUCCT1Y+1.81%)±
6.53
8-1-2036
 
11,911
12,328
FNMA Series 2002-T12 Class A3
7.50
5-25-2042
 
2,809
2,969
FNMA Series 2003-W14 Class 2A±±
4.94
1-25-2043
 
78,819
77,179
FNMA Series 2003-W8 Class 4A±±
4.91
11-25-2042
 
40,206
40,366
FNMA Series 2004-W11 Class 1A3
7.00
5-25-2044
 
462,469
463,772
FNMA Series 2004-W15 Class 1A3
7.00
8-25-2044
 
96,196
99,442
FNMA Series 2005-W4 Class 3A±±
5.56
6-25-2045
 
16,748
17,055
GNMA
2.00
1-20-2052
 
12,234,193
10,039,636
GNMA
2.00
3-20-2052
 
28,104,288
23,062,970
GNMA
2.50
8-20-2051
 
68,049,602
58,251,800
GNMA
2.50
9-20-2051
 
15,416,186
13,201,080
GNMA
2.50
12-20-2051
 
10,383,632
8,891,581
GNMA
2.50
1-20-2052
 
16,991,281
14,548,340
GNMA
2.50
3-20-2052
 
12,220,727
10,463,646
GNMA
2.50
4-20-2052
 
16,610,289
14,222,048
GNMA
2.50
5-20-2052
 
26,927,436
23,055,775
GNMA
3.00
11-20-2045
 
845,144
762,154
GNMA
3.00
4-20-2051
 
3,820,813
3,399,494
GNMA
3.00
3-20-2052
 
336,191
299,107
GNMA
3.00
4-20-2052
 
9,032,964
8,036,562
GNMA
3.00
5-20-2052
 
52,896,296
47,061,445
GNMA
3.00
6-20-2052
 
4,786,772
4,258,755
GNMA
3.50
9-20-2047
 
471,452
435,044
GNMA
3.50
12-20-2047
 
1,013,114
933,620
GNMA
3.50
4-20-2052
 
11,927,540
10,829,334
GNMA
3.50
5-20-2052
 
4,432,602
4,040,898
GNMA
3.50
8-20-2052
 
10,754,055
9,773,831
GNMA
3.50
9-20-2052
 
16,588,882
15,040,858
GNMA%%
3.50
6-23-2055
 
9,365,000
8,435,298
GNMA
4.00
12-20-2047
 
546,445
518,510
GNMA
4.00
11-20-2052
 
11,042,960
10,380,027
GNMA
4.50
8-20-2049
 
177,008
172,415
GNMA
4.50
7-20-2052
 
8,893,378
8,627,751
GNMA
4.50
9-20-2052
 
5,815,629
5,638,484
GNMA
4.50
3-20-2053
 
14,619,560
14,164,087
GNMA
4.50
11-20-2054
 
8,424,345
8,111,498
GNMA
4.50
4-20-2055
 
10,332,704
9,948,963
GNMA%%
4.50
6-22-2056
 
11,265,000
10,835,292
GNMA
5.00
7-20-2040
 
142,715
144,742
GNMA
5.00
9-20-2052
 
6,830,496
6,791,948
GNMA
5.00
4-20-2053
 
4,071,806
4,042,579
GNMA
5.00
6-20-2053
 
12,730,274
12,645,355
GNMA
5.00
8-20-2053
 
6,838,297
6,780,924
GNMA
5.00
4-20-2054
 
11,048,061
10,943,382
See accompanying notes to portfolio of investments
4 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
GNMA
5.00
%
10-20-2054
$
13,958,239
$13,804,504
GNMA
5.00
11-20-2054
 
153,709,483
151,997,655
GNMA%%
5.00
6-22-2056
 
78,140,000
77,156,887
GNMA
5.50
12-20-2052
 
10,217,682
10,371,315
GNMA
5.50
4-20-2053
 
11,721,357
11,889,064
GNMA
5.50
8-20-2054
 
13,874,885
13,995,272
GNMA
5.50
9-20-2054
 
52,192,932
52,668,784
GNMA
5.50
12-20-2054
 
64,019,785
64,522,633
GNMA
5.50
10-20-2055
 
97,023,229
97,723,572
GNMA%%
5.50
6-22-2056
 
15,400,000
15,494,976
GNMA
6.00
8-20-2054
 
38,407,885
39,330,562
GNMA
6.00
9-20-2054
 
38,986,725
39,843,927
GNMA
6.00
5-20-2056
 
19,230,000
19,621,154
GNMA
7.50
12-15-2029
 
78
80
GNMA Series 2008-22 Class XMƒ±±
1.40
2-16-2050
 
191,362
1,912
Total agency securities (Cost $3,073,784,248)
 
3,058,238,086
Asset-backed securities:  8.70%
 
ACHM Mortgage Trust Series 2024-HE1 Class A144A
6.55
5-25-2039
 
2,926,399
2,987,320
ACHM Trust Series 2023-HE2 Class A144A±±
7.50
10-25-2038
 
6,198,819
6,446,931
ACHM Trust Series 2024-HE2 Class A144A
5.35
10-25-2039
 
4,317,517
4,315,935
ACHM Trust Series 2025-HE1 Class A144A±±
5.92
3-25-2055
 
12,226,840
12,327,890
ACREC LLC Series 2025-FL3 Class A (U.S. SOFR 1
Month+1.31%)144A±
4.94
8-18-2042
 
9,300,000
9,294,889
Affirm Asset Securitization Trust Series 2024-B
Class A144A
4.62
9-15-2029
 
2,500,000
2,503,957
ALLO Issuer LLC Series 2024-1A Class A2144A
5.94
7-20-2054
 
7,595,000
7,668,413
Aqua Finance Issuer Trust Series 2026-A Class A144A
4.76
4-17-2051
 
7,138,504
7,080,946
Aqua Finance Trust Series 2021-A Class A144A
1.54
7-17-2046
 
1,392,908
1,272,206
Avant Loans Funding Trust Series 2024-REV1
Class B144A
6.17
10-15-2033
 
1,240,000
1,240,750
Avis Budget Rental Car Funding AESOP LLC
Series 2024-3A Class A144A
5.23
12-20-2030
 
1,000,000
1,012,927
Avis Budget Rental Car Funding AESOP LLC
Series 2025-4A Class A144A
4.40
2-20-2032
 
24,480,000
23,968,948
Bastion Funding I LLC Series 2023-1A Class A2144A
7.12
4-25-2038
 
7,394,299
7,434,406
Bayfront IABS VIII Pte. Ltd. Series 8A Class B
(U.S. SOFR+1.80%)144A±
5.40
7-11-2047
 
15,610,000
15,601,894
BHG Owner Loan Trust Series 2026-1CON Class B144A
5.30
6-17-2036
 
9,815,000
9,779,758
BHG Securitization Trust Series 2021-A Class B144A
2.79
11-17-2033
 
6,515,000
6,421,340
BHG Securitization Trust Series 2025-1CON
Class B144A
5.26
4-17-2036
 
4,384,292
4,393,724
Blue Bridge Funding LLC Series 2023-1A Class A144A
7.37
11-15-2030
 
384,494
386,462
Blue Bridge Funding LLC Series 2023-1A Class B144A
9.48
11-15-2030
 
1,168,000
1,185,865
Bojangles Issuer LLC Series 2024-1A Class A2144A
6.58
11-20-2054
 
19,056,000
19,208,065
Cajun Global LLC Series 2025-2A Class A2144A
5.91
11-20-2055
 
6,200,000
6,128,636
Camber Credit Auto Trust Series 2026-1A Class A144A
5.63
12-15-2031
 
5,727,370
5,701,070
CCAS LLC Series 2024-1A Class A144A
7.12
6-16-2031
 
18,589,000
18,749,382
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 5

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Asset-backed securities(continued)
 
CenterSquare Issuer LLC Series 2024-1A Class A2144A
5.20
%
10-26-2054
$
4,885,000
$4,755,468
CenterSquare Issuer LLC Series 2025-1A Class A2144A
5.50
3-26-2055
 
18,370,000
17,995,362
ClickLease Equipment Receivables Trust Series 2024-1
Class C144A
8.40
2-15-2030
 
689,503
693,348
Cloud Capital Holdco LP Series 2024-1A Class A2144A
5.78
11-22-2049
 
3,290,000
3,295,234
Cogent IPv4 LLC Series 2024-1A Class A2144A
7.92
5-25-2054
 
13,920,000
14,254,516
Cogent IPv4 LLC Series 2025-1A Class A2144A
6.65
4-25-2055
 
21,950,000
22,200,827
Consolidated Communications LLC/Fidium Fiber
Finance Holdco LLC Series 2025-1A Class A2144A
6.00
5-20-2055
 
2,820,000
2,861,651
CoreVest American Finance Trust Series 2021-3
Class B144A
2.49
10-15-2054
 
355,000
351,412
Crockett Partners Equipment Co. IIA LLC
Series 2024-1C Class A144A
6.05
1-20-2031
 
9,993,333
10,121,938
DataBank Issuer LLC Series 2024-1A Class A2144A
5.30
1-26-2054
 
17,250,000
16,972,741
DataBank Issuer LLC Series 2026-1A Class A2144A
5.81
2-25-2056
 
18,730,000
18,695,878
DI Issuer LLC Series 2024-1A Class A2144A
5.81
9-15-2054
 
15,500,000
15,272,257
Diversified ABS X LLC Series 2025-1A Class A1144A
5.95
2-28-2045
 
4,169,163
4,160,720
Driven Brands Funding LLC Series 2021-1A
Class A2144A
2.79
10-20-2051
 
3,717,053
3,451,318
ECMC Group Student Loan Trust Series 2020-3A
Class A1B (30 Day Average U.S. SOFR+1.11%)144A±
4.73
1-27-2070
 
1,786,550
1,790,129
Edgeconnex Data Centers Issuer LLC Series 2024-1
Class A2144A
6.00
7-27-2054
 
11,988,908
11,918,006
Edsouth Indenture No. 9 LLC Series 2015-1 Class A (30
Day Average U.S. SOFR+0.91%)144A±
4.53
10-25-2056
 
474,263
473,694
Enterprise Fleet Financing LLC Series 2023-2
Class A3144A
5.50
4-22-2030
 
7,185,000
7,247,383
FIGRE Trust Series 2023-HE1 Class A144A
5.85
3-25-2053
 
7,289,551
7,357,111
FIGRE Trust Series 2023-HE2 Class A144A±±
6.51
5-25-2053
 
5,300,541
5,406,645
FIGRE Trust Series 2023-HE3 Class A144A±±
6.44
11-25-2053
 
2,120,969
2,147,379
FIGRE Trust Series 2024-HE2 Class A144A±±
6.38
5-25-2054
 
4,646,109
4,731,768
FIGRE Trust Series 2024-HE5 Class A144A±±
5.44
10-25-2054
 
3,823,999
3,838,421
FIGRE Trust Series 2025-HE1 Class A144A±±
5.83
1-25-2055
 
2,525,800
2,553,479
FirstKey Homes Trust Series 2021-SFR1 Class A144A
1.54
8-17-2038
 
1,149,447
1,141,728
FirstKey Homes Trust Series 2021-SFR1 Class C144A
1.89
8-17-2038
 
6,770,000
6,722,889
FirstKey Homes Trust Series 2021-SFR2 Class B144A
1.61
9-17-2038
 
8,675,000
8,592,923
Five Guys Holdings, Inc. Series 2023-1A Class A2144A
7.55
1-26-2054
 
3,122,450
3,184,253
Flexential Issuer LLC Series 2025-1A Class A2144A
6.03
10-25-2060
 
8,050,000
8,028,680
FREED Mortgage Trust Series 2022-HE1 Class A144A±±
7.00
10-25-2037
 
3,896,015
3,979,411
FREED Mortgage Trust Series 2022-HE1 Class B144A±±
7.00
10-25-2037
 
6,890,597
7,001,056
FS Rialto Issuer LLC Series 2026-FL11 Class AS
(U.S. SOFR 1 Month+1.65%)144A±
5.26
1-19-2044
 
23,520,000
23,519,091
FS Rialto Issuer Ltd. Series 2021-FL3 Class B (U.S. SOFR
1 Month+1.91%)144A±
5.54
11-16-2036
 
3,000,000
2,997,003
Gracie Point International Funding LLC Series 2025-1A
Class A (30 Day Average U.S. SOFR+1.50%)144A±
5.15
8-15-2028
 
1,350,000
1,350,994
GS REFT Issuer Ltd. Series 2026-FL1 Class A (U.S. SOFR
1 Month+1.50%)144A±
5.11
4-19-2043
 
3,975,000
3,985,735
See accompanying notes to portfolio of investments
6 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Asset-backed securities(continued)
 
Hertz Vehicle Financing III LLC Series 2023-2A
Class A144A
5.57
%
9-25-2029
$
3,695,000
$3,752,473
Hertz Vehicle Financing III LLC Series 2023-4A
Class A144A
6.15
3-25-2030
 
10,700,000
11,032,912
Hipgnosis Music Assets LP Series 2022-1 Class A144A
5.00
5-16-2062
 
15,171,882
15,130,900
Hyundai Auto Receivables Trust Series 2026-A Class C
4.31
6-15-2033
 
5,135,000
5,048,291
ICG U.S. CLO Ltd. Series 2014-1A Class BR3 (U.S. SOFR
3 Month+1.75%)144A±
5.43
10-20-2034
 
4,400,000
4,314,213
INCREF LLC Series 2026-FL2 Class B (U.S. SOFR 1
Month+1.95%)144A±%%
5.62
12-19-2043
 
14,100,000
14,100,000
Jack in the Box Funding LLC Series 2022-1A
Class A2II144A
4.14
2-26-2052
 
4,758,000
4,040,503
JBHP ABS I LLC
5.39
12-15-2041
 
3,665,000
3,630,203
Jersey Mikes Funding LLC Series 2024-1A
Class A2144A
5.64
2-15-2055
 
9,045,500
9,138,059
Jimmy Johns Funding LLC Series 2017-1A
Class A2II144A
4.85
7-30-2047
 
2,295,725
2,289,681
Jonah Energy ABS I LLC Series 2022-1 Class A1144A
7.20
12-10-2037
 
4,858,230
4,921,951
Lafayette Federal Credit Union Asset Trust Series 2026-
HI1A Class A2144A
5.38
1-25-2046
 
11,418,737
11,346,568
Lyra Music Assets Delaware LP Series 2024-2A
Class A2144A
5.76
12-22-2064
 
9,248,359
9,296,303
MF1 Ltd. Series 2022-FL8 Class C (U.S. SOFR 1
Month+2.20%)144A±
5.81
2-19-2037
 
8,750,000
8,727,769
Monroe Capital ABS Funding II Ltd. Series 2023-1A
Class A1R144A
6.77
7-22-2034
 
1,245,000
1,247,031
Navient Private Education Refinance Loan Trust
Series 2021-EA Class A144A
0.97
12-16-2069
 
3,269,226
2,934,209
NBC Funding LLC Series 2024-1A Class A2144A
6.75
7-30-2054
 
21,978,000
22,276,688
Neighborly Issuer LLC Series 2021-1A Class A2144A
3.58
4-30-2051
 
7,600,000
7,268,598
New Economy Assets - Phase 1 Sponsor LLC
Series 2021-1 Class B1144A
2.41
10-20-2061
 
3,750,000
2,282,812
NextGear Floorplan Master Owner Trust Series 2024-2A
Class A2144A
4.42
9-15-2029
 
13,650,000
13,664,514
NMABS Issuer I LLC Series 2025-1A Class B144A
5.33
11-22-2055
 
5,702,863
5,546,926
NMEF Funding LLC Series 2026-A Class C144A
4.71
2-15-2034
 
3,905,000
3,878,511
Oak Street Investment Grade Net Lease Fund
Series 2020-1A Class A5144A
3.39
11-20-2050
 
5,348,250
3,584,514
Oak Street Investment Grade Net Lease Fund
Series 2020-1A Class B1144A
5.11
11-20-2050
 
3,325,000
1,929,238
Oak Street Investment Grade Net Lease Fund
Series 2021-1A Class A3144A
2.80
1-20-2051
 
4,881,906
2,883,528
Octane Receivables Trust Series 2023-1A Class B144A
5.96
7-20-2029
 
525,963
526,563
OneMain Direct Auto Receivables Trust Series 2025-1A
Class A144A
5.36
4-16-2035
 
6,500,000
6,638,934
OneMain Financial Issuance Trust Series 2020-2A
Class A144A
1.75
9-14-2035
 
591,171
584,437
OWN Equipment Fund I LLC Series 2024-2M
Class A144A
5.70
12-20-2032
 
16,572,936
16,751,067
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 7

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Asset-backed securities(continued)
 
OWN Equipment Fund II LLC Series 2025-1M
Class A144A
5.48
%
9-26-2033
$
966,391
$967,871
OWN Equipment Fund III LLC Series 2025-2M
Class A144A
5.42
3-27-2034
 
14,684,141
14,654,623
Oxford Finance Credit Fund III LP Series 2024-A
Class A2144A
6.68
1-14-2032
 
7,183,683
7,246,955
Pagaya AI Debt Grantor Trust Series 2025-6
Class B144A
4.88
4-15-2033
 
10,739,010
10,696,138
Pagaya AI Debt Grantor Trust Series 2025-7
Class B144A
5.06
5-15-2033
 
4,244,243
4,232,873
Pagaya Point of Sale Holdings Grantor Trust
Series 2025-1 Class A144A
5.72
1-20-2034
 
4,000,000
4,011,177
PFS Financing Corp. Series 2024-B Class A144A
4.95
2-15-2029
 
1,575,000
1,583,127
Planet Fitness Master Issuer LLC Series 2024-1A
Class A2I144A
5.77
6-5-2054
 
22,827,375
22,958,390
Prestige Auto Receivables Trust Series 2024-2A
Class B144A
4.56
2-15-2029
 
1,786,187
1,785,767
PureWest ABS Issuer LLC
5.69
4-5-2040
 
3,331,837
3,313,699
RCKT Mortgage Trust Series 2023-CES3
Class A1A144A±±
7.11
11-25-2043
 
9,581,855
9,633,761
RCKT Mortgage Trust Series 2024-CES2
Class A1A144A±±
6.14
4-25-2044
 
3,255,221
3,272,122
RCKT Mortgage Trust Series 2025-CES1
Class A1A144A±±
5.65
1-25-2045
 
320,455
322,011
Retained Vantage Data Centers Issuer LLC
Series 2023-1A Class A2A144A
5.00
9-15-2048
 
16,130,000
16,011,306
Retained Vantage Data Centers Issuer LLC
Series 2024-1A Class A2144A
4.99
9-15-2049
 
22,900,000
22,352,761
Sabey Data Center Issuer LLC Series 2026-1
Class A2144A
5.48
1-20-2051
 
15,750,000
15,483,519
Saluda Grade Alternative Mortgage Trust Series 2023-
FIG3 Class A144A±±
7.07
8-25-2053
 
6,291,528
6,459,899
Saluda Grade Alternative Mortgage Trust Series 2023-
FIG4 Class A144A±±
6.72
11-25-2053
 
6,059,388
6,214,714
Scalelogix ABS U.S. Issuer LLC Series 2025-1A
Class A2144A
5.67
7-25-2055
 
1,400,000
1,367,146
SEB Funding LLC Series 2024-1A Class A2144A
7.39
4-30-2054
 
5,685,750
5,776,618
Service Experts Issuer LLC Series 2021-1A Class B144A
3.28
2-2-2032
 
6,445,000
6,281,449
Service Experts Issuer LLC Series 2024-1A Class A144A
6.39
11-20-2035
 
7,578,498
7,722,551
Service Experts Issuer LLC Series 2025-1A Class A144A
5.38
1-20-2037
 
4,311,815
4,290,496
ServiceMaster Funding LLC Series 2020-1
Class A2II144A
3.34
1-30-2051
 
2,746,181
2,435,793
SESAC Finance LLC Series 2024-1 Class A2144A
6.42
1-25-2054
 
2,297,125
2,301,899
SESAC Finance LLC Series 2025-1 Class A2144A
5.50
7-25-2055
 
5,000,000
4,870,462
SLM Student Loan Trust Series 2003-10A Class A4 (90
Day Average U.S. SOFR+0.93%)144A±
4.62
12-17-2068
 
2,240,531
2,216,864
Sothebys ArtFi Master Trust Series 2026-1A
Class B144A
4.90
6-20-2033
 
4,940,000
4,917,027
See accompanying notes to portfolio of investments
8 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Asset-backed securities(continued)
 
SpringCastle America Funding LLC Series 2020-AA
Class A144A
1.97
%
9-25-2037
$
977,093
$920,179
Stack Infrastructure Issuer LLC Series 2024-1A
Class A2144A
5.90
3-25-2049
 
1,500,000
1,510,048
Starwood Ltd. Series 2022-FL3 Class A (30 Day Average
U.S. SOFR+1.35%)144A±
4.99
11-15-2038
 
50,559
50,548
Subway Funding LLC Series 2024-3A Class A2I144A
5.25
7-30-2054
 
3,467,200
3,400,055
Subway Funding LLC Series 2024-3A Class A23144A
5.91
7-30-2054
 
2,167,000
2,079,400
Switch ABS Issuer LLC Series 2024-1A Class A2144A
6.28
3-25-2054
 
4,890,000
4,922,251
Switch ABS Issuer LLC Series 2024-2A Class A2144A
5.44
6-25-2054
 
13,115,000
13,041,321
Switch ABS Issuer LLC Series 2025-2A Class A22144A
5.37
10-25-2055
 
20,265,000
19,853,831
Taco Bell Funding LLC Series 2021-1A Class A23144A
2.54
8-25-2051
 
491,250
428,791
TierPoint Issuer LLC Series 2025-1A Class A2144A
6.15
4-26-2055
 
1,300,000
1,305,786
Towd Point Mortgage Trust Series 2023-CES1
Class A1A144A±±
6.75
7-25-2063
 
4,968,293
4,960,665
Towd Point Mortgage Trust Series 2024-CES1
Class A2144A±±
6.44
1-25-2064
 
2,769,000
2,782,002
Towd Point Mortgage Trust Series 2025-FIX1
Class A1144A±±
4.97
9-25-2065
 
16,280,484
16,187,283
TRTX Issuer Ltd. Series 2025-FL6 Class A (U.S. SOFR 1
Month+1.54%)144A±
5.16
9-18-2042
 
10,000,000
10,015,575
TSC SPV Funding LLC Series 2024-1A Class A2144A
6.29
8-20-2054
 
7,067,375
7,087,145
Uniti Fiber ABS Issuer LLC Series 2025-1A
Class A2144A
5.88
4-20-2055
 
3,610,000
3,650,068
Venture 44 CLO Ltd. Series 2021-44A Class A1NR
(U.S. SOFR 3 Month+1.14%)144A±
4.82
10-20-2034
 
4,650,000
4,647,675
Venture CLO Ltd. Series 2017-30A Class B (U.S. SOFR 3
Month+1.86%)144A±
5.53
1-15-2031
 
250,000
250,372
Vital Care Issuer LLC Series 2025-1A Class A2144A
6.74
1-30-2056
 
6,149,587
6,163,676
Wingstop Funding LLC Series 2024-1A Class A2144A
5.86
12-5-2054
 
3,800,000
3,837,258
Zaxbys Funding LLC Series 2021-1A Class A2144A
3.24
7-30-2051
 
4,686,300
4,464,383
Zayo Issuer LLC Series 2025-2A Class A2144A
5.95
6-20-2055
 
3,640,000
3,685,932
Zayo Issuer LLC Series 2025-3A Class A2144A
5.57
10-20-2055
 
18,210,000
17,926,126
Total asset-backed securities (Cost $960,563,357)
 
953,480,946
 
 
 
 
Shares
 
Common stocks:  0.02%
 
Financials:  0.00%
 
Financial services:  0.00%
 
Unifin Financiera SAB de CV♦†
 
305,668
0
Health care:  0.02%
 
Health care providers & services:  0.02%
 
Modivcare Topco LLC
 
413,952
2,328,480
Total common stocks (Cost $1,377,343)
 
2,328,480
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 9

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Corporate bonds and notes:  22.13%
 
Basic materials:  0.20%
 
Chemicals:  0.19%
 
Celanese U.S. Holdings LLC
6.50
%
4-15-2030
$
12,035,000
$12,341,944
Chemours Co.144A
8.00
1-15-2033
 
6,195,000
6,329,295
Westlake Corp.
1.63
7-17-2029
 
1,679,000
1,860,159
 
 
20,531,398
Iron/steel:  0.01%
 
Cleveland-Cliffs, Inc.144A
4.88
3-1-2031
 
1,305,000
1,213,355
Communications:  3.66%
 
Internet:  1.32%
 
Alphabet, Inc.
5.65
2-15-2056
 
7,915,000
7,868,303
Amazon.com, Inc.
4.25
3-13-2031
 
18,060,000
17,857,759
Amazon.com, Inc.
4.88
3-13-2036
 
14,110,000
13,940,302
Amazon.com, Inc.
5.80
3-13-2056
 
27,150,000
27,175,908
Booking Holdings, Inc.
4.13
5-12-2033
 
3,927,000
4,690,061
Meta Platforms, Inc.
4.55
5-15-2031
 
17,570,000
17,508,210
Meta Platforms, Inc.
5.25
5-15-2036
 
13,995,000
13,983,165
Meta Platforms, Inc.
5.63
11-15-2055
 
32,890,000
30,327,559
Meta Platforms, Inc.
6.30
5-15-2056
 
8,450,000
8,526,141
Wayfair LLC144A
6.75
11-15-2032
 
3,100,000
3,149,042
 
 
145,026,450
Media:  1.02%
 
CCO Holdings LLC/CCO Holdings Capital Corp.144A
4.25
1-15-2034
 
30,480,000
25,459,243
Charter Communications Operating LLC/Charter
Communications Operating Capital
2.80
4-1-2031
 
19,800,000
17,691,098
Charter Communications Operating LLC/Charter
Communications Operating Capital
3.85
4-1-2061
 
6,000,000
3,490,456
Charter Communications Operating LLC/Charter
Communications Operating Capital
3.90
6-1-2052
 
5,420,000
3,443,349
Comcast Corp.
2.94
11-1-2056
 
7,000,000
3,925,813
Comcast Corp.
5.50
5-15-2064
 
9,770,000
8,639,836
Discovery Global Holdings, Inc.
4.28
3-15-2032
 
8,925,000
7,887,114
News Corp.144A
3.88
5-15-2029
 
26,740,000
25,927,336
News Corp.144A
5.13
2-15-2032
 
5,405,000
5,301,811
Time Warner Cable LLC
5.50
9-1-2041
 
12,015,000
10,367,110
 
 
112,133,166
Telecommunications:  1.32%
 
AT&T, Inc.
3.55
9-15-2055
 
19,995,000
13,072,847
AT&T, Inc.
5.25
10-30-2036
 
11,570,000
11,454,150
AT&T, Inc.
5.70
11-1-2054
 
21,295,000
20,086,677
AT&T, Inc.
6.20
10-30-2056
 
14,145,000
14,237,568
HUT 8 DC LLC144A
6.19
11-15-2042
 
8,965,000
9,071,939
Level 3 Financing, Inc.144A
7.00
3-31-2034
 
14,325,000
14,847,672
See accompanying notes to portfolio of investments
10 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Telecommunications(continued)
 
Sprint Spectrum Co. LLC/Sprint Spectrum Co.
II LLC/Sprint Spectrum Co. III LLC144A
5.15
%
3-20-2028
$
6,508,000
$6,534,574
SV RNO Property Owner 1 LLC144A
5.88
3-1-2031
 
17,955,000
17,729,599
Verizon Communications, Inc.
5.00
1-15-2036
 
25,050,000
24,600,453
Verizon Communications, Inc. (5 Year Treasury
Constant Maturity+2.04%)±
6.20
5-14-2056
 
5,365,000
5,445,835
WULF Compute LLC144A
7.75
10-15-2030
 
6,980,000
7,334,305
 
 
144,415,619
Consumer, cyclical:  1.85%
 
Airlines:  0.51%
 
American Airlines Pass-Through Trust Series 2015-1
Class A
3.38
5-1-2027
 
16,598,066
16,366,153
Delta Air Lines Pass-Through Trust Series 2020-AA
Class AA
2.00
6-10-2028
 
2,634,199
2,550,775
Delta Air Lines, Inc./SkyMiles IP Ltd.144A
4.75
10-20-2028
 
28,783,333
28,807,756
United Airlines Pass-Through Trust Series 2023-1
Class A
5.80
1-15-2036
 
7,813,188
8,103,431
 
 
55,828,115
Auto manufacturers:  0.69%
 
Ford Motor Credit Co. LLC
4.00
11-13-2030
 
17,500,000
16,533,790
Ford Motor Credit Co. LLC
5.13
11-5-2026
 
12,630,000
12,662,520
Hyundai Capital America144A
4.50
9-18-2030
 
12,595,000
12,402,623
Hyundai Capital America144A
5.30
3-19-2027
 
3,965,000
3,994,706
Hyundai Capital America144A
5.40
6-23-2032
 
13,869,000
14,144,917
Hyundai Capital America144A
5.65
6-26-2026
 
2,285,000
2,287,245
Hyundai Capital America144A
5.80
4-1-2030
 
13,590,000
14,014,283
 
 
76,040,084
Auto parts & equipment:  0.06%
 
Adient Global Holdings Ltd.144A
7.50
2-15-2033
 
5,870,000
6,088,129
Entertainment:  0.01%
 
Cinemark USA, Inc.144A
5.25
7-15-2028
 
700,000
696,335
Home builders:  0.20%
 
Century Communities, Inc.144A
6.63
9-15-2033
 
21,490,000
21,310,315
LGI Homes, Inc.144A
8.75
12-15-2028
 
710,000
736,161
 
 
22,046,476
Housewares:  0.01%
 
Newell Brands, Inc.
6.38
5-15-2030
 
1,055,000
1,040,928
Retail:  0.16%
 
Macys Retail Holdings LLC144A
5.88
3-15-2030
 
3,288,000
3,276,028
Macys Retail Holdings LLC144A
6.13
3-15-2032
 
995,000
995,137
PetSmart LLC/PetSmart Finance Corp.144A
7.50
9-15-2032
 
13,180,000
13,280,537
 
 
17,551,702
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 11

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Toys/games/hobbies:  0.21%
 
Mattel, Inc.
5.45
%
11-1-2041
$
8,147,000
$7,487,515
Mattel, Inc.144A
5.88
12-15-2027
 
16,020,000
16,020,572
 
 
23,508,087
Consumer, non-cyclical:  2.37%
 
Agriculture:  0.05%
 
BAT Capital Corp.
4.76
9-6-2049
 
5,825,000
4,912,007
Reynolds American, Inc.
7.00
8-4-2041
 
285,000
311,177
 
 
5,223,184
Beverages:  0.13%
 
Maple Parent Holdings Corp.144A
5.70
3-26-2036
 
14,045,000
14,193,975
Commercial services:  0.87%
 
Block, Inc.144A
6.00
8-15-2033
 
6,840,000
6,841,717
Block, Inc.
6.50
5-15-2032
 
5,595,000
5,701,216
GEO Group, Inc.
8.63
4-15-2029
 
2,190,000
2,283,616
GEO Group, Inc.
10.25
4-15-2031
 
1,135,000
1,229,964
Global Payments, Inc.
4.88
11-15-2030
 
25,550,000
25,145,310
Global Payments, Inc.
5.20
11-15-2032
 
17,545,000
17,220,678
Global Payments, Inc.
5.95
8-15-2052
 
8,960,000
8,493,777
Mobility Global, Inc.144A
5.45
6-15-2031
 
9,285,000
9,390,813
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.
5.50
5-15-2033
 
10,000,000
11,464,784
Toll Road Investors Partnership II LP Series 1999-B
(NPFGC Insured)144A¤
0.00
2-15-2027
 
1,050,000
996,573
Toll Road Investors Partnership II LP Series 1999-B
(NPFGC Insured)144A¤
0.00
2-15-2028
 
1,150,000
1,021,408
Upbound Group, Inc.144A
6.38
2-15-2029
 
5,750,000
5,690,703
 
 
95,480,559
Food:  0.12%
 
Mars, Inc.144A
5.70
5-1-2055
 
13,470,000
13,287,620
Healthcare-products:  0.63%
 
Abbott Laboratories
4.65
3-15-2036
 
18,415,000
17,897,736
Abbott Laboratories
5.50
3-15-2056
 
23,450,000
22,890,726
Danaher Corp.
2.50
3-30-2030
 
1,221,000
1,394,242
Medline Borrower LP144A
3.88
4-1-2029
 
22,077,000
21,485,381
VSP Optical Group, Inc.144A
5.40
6-1-2033
 
4,885,000
4,889,315
 
 
68,557,400
Healthcare-services:  0.29%
 
DaVita, Inc.144A
6.75
7-15-2033
 
9,775,000
10,101,808
UnitedHealth Group, Inc.
4.75
5-15-2052
 
1,675,000
1,438,967
UnitedHealth Group, Inc.
5.05
4-15-2053
 
10,975,000
9,817,789
UnitedHealth Group, Inc.
5.63
7-15-2054
 
10,790,000
10,476,940
 
 
31,835,504
See accompanying notes to portfolio of investments
12 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Pharmaceuticals:  0.28%
 
Eli Lilly & Co.
5.65
%
10-15-2065
$
11,415,000
$11,368,369
EMD Finance LLC144A
4.38
10-15-2030
 
19,540,000
19,298,428
 
 
30,666,797
Energy:  1.63%
 
Energy-alternate sources:  0.01%
 
TerraForm Power Operating LLC144A
4.75
1-15-2030
 
925,000
893,225
Oil & gas:  0.08%
 
APA Corp.
5.25
2-1-2042
 
5,921,000
5,149,706
ConocoPhillips Co.
5.65
1-15-2065
 
3,975,000
3,845,202
 
 
8,994,908
Oil & gas services:  0.46%
 
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor,
Inc.
5.00
6-15-2036
 
40,220,000
39,614,382
Schlumberger Holdings Corp.144A
4.85
5-15-2033
 
11,430,000
11,406,551
 
 
51,020,933
Pipelines:  1.08%
 
Energy Transfer LP
5.95
5-15-2054
 
24,515,000
23,663,600
Energy Transfer LP
6.20
4-1-2055
 
8,405,000
8,376,992
Energy Transfer LP (5 Year Treasury Constant
Maturity+4.02%)±
8.00
5-15-2054
 
3,575,000
3,803,375
Harvest Midstream I LP144A
6.75
5-15-2034
 
15,155,000
15,559,177
Harvest Midstream I LP144A
7.50
5-15-2032
 
1,415,000
1,470,235
MPLX LP
5.30
4-1-2036
 
10,845,000
10,725,846
Prairie Acquiror LP144A
9.00
8-1-2029
 
5,050,000
5,263,862
South Bow USA Infrastructure Holdings LLC
5.03
10-1-2029
 
22,180,000
22,326,804
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.144A
6.00
12-31-2030
 
12,345,000
12,421,329
Venture Global LNG, Inc.144A
9.50
2-1-2029
 
10,520,000
11,453,597
Venture Global LNG, Inc. (5 Year Treasury Constant
Maturity+5.44%)144Aʊ±
9.00
9-30-2029
 
2,920,000
2,883,639
 
 
117,948,456
Financial:  8.61%
 
Banks:  3.29%
 
Bank of America Corp. (5 Year Treasury Constant
Maturity+1.20%)±
2.48
9-21-2036
 
13,045,000
11,383,959
Bank of America Corp. (U.S. SOFR+1.57%)±
5.49
4-23-2037
 
9,905,000
9,859,536
Bank of America Corp. (U.S. SOFR+1.74%)±
5.52
10-25-2035
 
20,055,000
20,208,354
Bank of America Corp. (U.S. SOFR+1.91%)±
5.43
8-15-2035
 
6,770,000
6,800,797
Bank of America Corp. (U.S. SOFR 3 Month+1.84%)±
3.82
1-20-2028
 
6,200,000
6,180,113
Bank of America Corp. Series OO (5 Year Treasury
Constant Maturity+2.68%)ʊ±
6.63
5-1-2030
 
11,100,000
11,471,783
Citigroup, Inc. Series HH (5 Year Treasury Constant
Maturity+3.00%)ʊ±
6.63
2-15-2031
 
21,600,000
21,927,758
Depository Trust Co.144A
4.55
3-27-2031
 
11,075,000
11,039,515
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 13

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Banks(continued)
 
Goldman Sachs Group, Inc. (U.S. SOFR+0.96%)±
4.52
%
1-21-2032
$
14,520,000
$14,295,893
Goldman Sachs Group, Inc. (U.S. SOFR+0.99%)±
4.59
4-20-2030
 
16,524,000
16,468,373
Goldman Sachs Group, Inc. (U.S. SOFR+1.03%)±%%
4.97
6-3-2032
 
9,500,000
9,522,373
Goldman Sachs Group, Inc. (U.S. SOFR+1.25%)±
2.38
7-21-2032
 
20,275,000
17,927,759
Goldman Sachs Group, Inc. (U.S. SOFR+1.31%)±%%
5.43
6-3-2037
 
6,500,000
6,534,356
JPMorgan Chase & Co. (U.S. SOFR+0.84%)±
4.35
1-22-2032
 
8,240,000
8,099,187
JPMorgan Chase & Co. (U.S. SOFR+1.02%)±
2.07
6-1-2029
 
16,465,000
15,705,053
JPMorgan Chase & Co. (U.S. SOFR+1.26%)±
5.15
4-23-2037
 
48,725,000
48,427,153
JPMorgan Chase & Co. (U.S. SOFR+1.45%)±
5.30
7-24-2029
 
5,170,000
5,247,762
Morgan Stanley Private Bank NA (U.S. SOFR+1.08%)±
4.73
7-18-2031
 
25,015,000
24,949,007
Morgan Stanley (U.S. SOFR+1.20%)±
2.51
10-20-2032
 
14,615,000
12,953,973
Morgan Stanley (U.S. SOFR+1.22%)±
5.04
7-19-2030
 
8,750,000
8,830,098
Morgan Stanley (U.S. SOFR+1.59%)±
5.16
4-20-2029
 
8,265,000
8,350,119
Morgan Stanley (U.S. SOFR+1.71%)±
5.52
11-19-2055
 
12,570,000
12,183,986
Morgan Stanley (U.S. SOFR+1.73%)±
5.12
2-1-2029
 
10,725,000
10,820,187
Morgan Stanley (U.S. SOFR+1.76%)±
5.66
4-17-2036
 
4,120,000
4,240,154
Morgan Stanley (U.S. SOFR+1.83%)±
6.41
11-1-2029
 
14,845,000
15,435,905
National Securities Clearing Corp.144A
5.00
5-30-2028
 
5,165,000
5,230,742
Pinnacle Financial Partners, Inc. (U.S. SOFR+1.70%)±
5.60
5-19-2032
 
5,995,000
6,025,211
Wells Fargo & Co. (U.S. SOFR 3 Month+4.50%)±
5.01
4-4-2051
 
11,530,000
10,356,422
 
 
360,475,528
Diversified financial services:  1.36%
 
Aircastle Ltd.144A
5.95
2-15-2029
 
7,925,000
8,129,437
Ares Finance Co. II LLC144A
3.25
6-15-2030
 
13,170,000
12,321,258
Capital One Financial Corp. (U.S. SOFR+1.51%)±
5.40
1-30-2037
 
29,900,000
29,516,577
Citadel Finance LLC144A
5.15
2-14-2031
 
9,040,000
8,842,189
Citadel Finance LLC144A
5.90
2-10-2030
 
16,720,000
16,881,336
Computershare U.S., Inc.
1.13
10-7-2031
 
4,548,000
4,640,548
Equitable America Global Funding144A
4.95
6-9-2030
 
28,225,000
28,284,803
Gabx Leasing LLC144A
4.63
4-15-2031
 
10,435,000
10,298,594
LSEG U.S. Fin Corp.144A
5.25
3-23-2036
 
9,865,000
9,837,666
PRA Group, Inc.144A
5.00
10-1-2029
 
970,000
916,654
TPG Operating Group II LP
5.88
3-5-2034
 
5,818,000
5,954,775
United Wholesale Mortgage LLC144A
5.50
4-15-2029
 
1,025,000
978,999
Western Union Co.
4.75
6-15-2029
 
12,205,000
12,119,400
 
 
148,722,236
Insurance:  2.67%
 
Asurion LLC/Asurion Co-Issuer, Inc.144A
8.00
12-31-2032
 
15,195,000
15,845,162
Athene Global Funding144A
5.03
7-17-2030
 
16,815,000
16,676,652
Athene Global Funding144A
5.54
8-22-2035
 
14,055,000
13,875,227
Chubb INA Holdings LLC
5.30
5-20-2036
 
17,040,000
17,281,162
Cincinnati Financial Corp.
6.13
11-1-2034
 
10,825,000
11,419,149
Corebridge Global Funding144A
4.55
1-9-2031
 
19,090,000
18,807,169
Global Atlantic Fin Co.144A
7.95
6-15-2033
 
10,925,000
12,138,335
Global Atlantic Fin Co. (5 Year Treasury Constant
Maturity+3.55%)144A±
7.25
3-1-2056
 
9,940,000
9,881,810
See accompanying notes to portfolio of investments
14 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Insurance(continued)
 
Guardian Life Insurance Co. of America144A
4.85
%
1-24-2077
$
13,670,000
$11,139,025
Lincoln Financial Global Funding144A
4.95
5-21-2031
 
7,380,000
7,361,806
Loews Corp.
4.94
4-1-2036
 
13,080,000
12,763,919
MetLife, Inc. (5 Year Treasury Constant
Maturity+1.82%)±
5.85
3-15-2056
 
13,755,000
13,600,205
New York Life Insurance Co.144A
3.75
5-15-2050
 
6,500,000
4,787,662
New York Life Insurance Co.144A
5.88
5-15-2033
 
15,765,000
16,466,022
Northwestern Mutual Life Insurance Co.144A
3.45
3-30-2051
 
19,800,000
13,663,015
Northwestern Mutual Life Insurance Co.144A
6.17
5-29-2055
 
6,240,000
6,472,340
PartnerRe Finance B LLC (5 Year Treasury Constant
Maturity+3.82%)±
4.50
10-1-2050
 
9,060,000
8,727,144
Protective Life Corp.144A
4.70
1-15-2031
 
13,415,000
13,246,975
Protective Life Corp.144A
5.35
12-15-2035
 
8,625,000
8,520,202
Prudential Financial, Inc. (5 Year Treasury Constant
Maturity+3.04%)±
3.70
10-1-2050
 
11,051,000
10,171,470
Prudential Financial, Inc. (5 Year Treasury Constant
Maturity+3.16%)±
5.13
3-1-2052
 
2,740,000
2,686,257
RGA Global Funding144A
4.60
11-25-2030
 
16,985,000
16,814,033
RGA Global Funding144A
5.05
12-6-2031
 
15,606,000
15,616,279
Transatlantic Holdings, Inc.
8.00
11-30-2039
 
5,949,000
7,214,721
Unum Group144A
4.05
8-15-2041
 
8,788,000
7,133,755
 
 
292,309,496
Investment Companies:  0.50%
 
Ares Capital Corp. BDC
5.10
1-15-2031
 
10,395,000
10,107,370
Ares Capital Corp. BDC
5.50
9-1-2030
 
11,160,000
11,044,866
Ares Capital Corp. BDC
5.88
3-1-2029
 
6,035,000
6,099,550
Ares Strategic Income Fund BDC
5.70
3-15-2028
 
12,440,000
12,449,531
Blue Owl Capital Corp. BDC
5.95
3-15-2029
 
15,000,000
15,005,601
 
 
54,706,918
Real estate:  0.19%
 
CBRE Services, Inc.
4.90
1-15-2033
 
10,850,000
10,702,744
CBRE Services, Inc.
5.50
6-15-2035
 
10,675,000
10,804,670
 
 
21,507,414
REITs:  0.60%
 
Alexandria Real Estate Equities, Inc.
5.15
4-15-2053
 
7,870,000
6,929,573
Alexandria Real Estate Equities, Inc.
5.25
3-15-2036
 
9,225,000
9,056,887
Essential Properties LP
2.95
7-15-2031
 
21,843,000
19,734,946
Ladder Capital Finance Holdings LLLP/Ladder Capital
Finance Corp.144A
7.00
7-15-2031
 
710,000
735,340
Piedmont Operating Partnership LP
2.75
4-1-2032
 
3,230,000
2,745,931
Piedmont Operating Partnership LP
9.25
7-20-2028
 
7,163,000
7,800,988
Realty Income Corp.
5.13
7-6-2034
 
2,870,000
3,613,381
SBA Tower Trust144A
1.63
11-15-2026
 
6,595,000
6,512,887
Vornado Realty LP
5.75
2-1-2033
 
8,300,000
8,273,357
 
 
65,403,290
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 15

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Industrial:  0.53%
 
Electronics:  0.04%
 
Sensata Technologies, Inc.144A
6.63
%
7-15-2032
$
4,125,000
$4,272,143
Engineering & construction:  0.26%
 
Jacobs Solutions, Inc.
4.75
3-3-2031
 
20,825,000
20,595,801
Jacobs Solutions, Inc.
5.38
3-3-2036
 
7,915,000
7,748,297
 
 
28,344,098
Trucking & leasing:  0.23%
 
FTAI Aviation Investors LLC144A
7.00
6-15-2032
 
24,680,000
25,498,487
Technology:  1.53%
 
Computers:  0.13%
 
Booz Allen Hamilton, Inc.
5.95
8-4-2033
 
3,485,000
3,563,992
Hewlett Packard Enterprise Co.
5.60
10-15-2054
 
10,950,000
10,099,444
 
 
13,663,436
Semiconductors:  0.51%
 
Entegris, Inc.144A
4.75
4-15-2029
 
15,830,000
15,725,998
Foundry JV Holdco LLC144A
6.20
1-25-2037
 
21,215,000
22,380,923
Intel Corp.
2.80
8-12-2041
 
3,490,000
2,449,505
Intel Corp.
3.25
11-15-2049
 
5,915,000
3,887,122
Intel Corp.
5.30
5-15-2036
 
11,375,000
11,360,599
 
 
55,804,147
Software:  0.89%
 
Cloud Software Group, Inc.144A
8.25
6-30-2032
 
10,000,000
9,817,586
Fidelity National Information Services, Inc.
4.55
3-10-2029
 
16,790,000
16,697,938
Oracle Corp.
3.85
4-1-2060
 
6,405,000
3,867,712
Oracle Corp.
4.45
9-26-2030
 
12,300,000
11,925,595
Oracle Corp.
4.55
2-4-2029
 
7,100,000
7,029,068
Oracle Corp.
5.70
2-4-2036
 
31,565,000
31,011,825
Oracle Corp.
5.95
9-26-2055
 
13,870,000
12,128,580
Oracle Corp.
6.70
2-4-2056
 
5,720,000
5,508,997
 
 
97,987,301
Utilities:  1.75%
 
Electric:  1.65%
 
AEP Transmission Co. LLC
5.25
6-1-2036
 
8,635,000
8,693,470
Basin Electric Power Cooperative144A
5.85
10-15-2055
 
15,195,000
15,046,980
Dominion Energy, Inc. (5 Year Treasury Constant
Maturity+2.21%)±
6.63
5-15-2055
 
8,050,000
8,244,496
Duke Energy Corp.
3.10
6-15-2028
 
977,000
1,138,385
Duke Energy Corp.
3.85
6-15-2034
 
4,518,000
5,266,548
Duke Energy Indiana LLC
5.40
4-1-2053
 
8,165,000
7,723,727
Entergy Louisiana LLC
5.65
4-15-2056
 
8,725,000
8,517,759
Entergy Mississippi LLC
5.80
4-15-2055
 
5,970,000
5,948,041
EUSHI Finance, Inc. (5 Year Treasury Constant
Maturity+3.14%)±
7.63
12-15-2054
 
11,345,000
11,815,443
See accompanying notes to portfolio of investments
16 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Electric(continued)
 
Niagara Mohawk Power Corp.144A
6.00
%
7-3-2055
$
25,585,000
$25,424,534
PacifiCorp
5.45
4-15-2033
 
13,835,000
14,079,622
PacifiCorp
5.80
1-15-2055
 
11,280,000
10,771,034
PG&E Corp. (5 Year Treasury Constant
Maturity+3.88%)±
7.38
3-15-2055
 
12,805,000
13,040,386
San Diego Gas & Electric Co. Series EEEE
5.95
3-15-2056
 
11,365,000
11,507,073
Sempra (5 Year Treasury Constant Maturity+2.35%)±
6.63
4-1-2055
 
14,335,000
14,483,640
Southern California Edison Co.
3.65
2-1-2050
 
1,655,000
1,144,115
Southern California Edison Co.
5.75
4-15-2054
 
9,175,000
8,508,459
Vistra Operations Co. LLC144A
5.00
7-31-2027
 
9,215,000
9,209,226
 
 
180,562,938
Gas:  0.10%
 
Brooklyn Union Gas Co.144A
6.39
9-15-2033
 
10,590,000
11,277,462
Total corporate bonds and notes (Cost $2,428,840,997)
 
2,424,757,299
Foreign corporate bonds and notes:  1.70%
 
Basic materials:  0.05%
 
Chemicals:  0.05%
 
INEOS Finance PLC
6.63
5-15-2028
EUR
4,666,000
5,488,988
Communications:  0.59%
 
Media:  0.10%
 
Ziggo BV
2.88
1-15-2030
EUR
10,000,000
11,045,228
Telecommunications:  0.49%
 
British Telecommunications PLC
3.13
2-11-2032
EUR
3,205,000
3,665,920
British Telecommunications PLC (UK Gilts 5
Year+3.82%)±
8.38
12-20-2083
GBP
5,000,000
7,109,573
BT Finance PLC
3.38
11-17-2032
EUR
3,297,000
3,791,312
Chorus Ltd.
3.53
11-26-2032
EUR
3,297,000
3,802,150
Fibercop SpA
1.63
1-18-2029
EUR
5,824,000
6,427,409
Koninklijke KPN NV
3.88
7-3-2031
EUR
2,900,000
3,466,208
SES SA (EURIBOR ICE Swap Rate 11:00am+3.23%)±
5.50
9-12-2054
EUR
10,295,000
12,161,175
Telefonaktiebolaget LM Ericsson
1.00
5-26-2029
EUR
947,000
1,035,532
Telefonica Europe BV (EUR Swap Annual (vs. 6 Month
EURIBOR) 7 Year+3.35%)ʊ±
6.14
2-3-2030
EUR
5,000,000
6,191,610
VMED O2 U.K. Financing I PLC
5.63
4-15-2032
EUR
5,000,000
5,448,337
 
 
53,099,226
Consumer, cyclical:  0.11%
 
Auto manufacturers:  0.03%
 
RCI Banque SA
3.63
11-3-2032
EUR
3,300,000
3,777,495
Entertainment:  0.03%
 
Universal Music Group NV
4.00
6-13-2031
EUR
2,320,000
2,765,803
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 17

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Leisure time:  0.05%
 
TUI AG
5.88
%
3-15-2029
EUR
5,030,000
$5,976,461
Consumer, non-cyclical:  0.17%
 
Agriculture:  0.03%
 
BAT International Finance PLC
2.25
1-16-2030
EUR
3,205,000
3,603,965
Commercial services:  0.08%
 
Nexi SpA
2.13
4-30-2029
EUR
3,663,000
4,106,098
Rentokil Initial Finance BV
3.88
6-27-2027
EUR
1,832,000
2,152,766
Transurban Finance Co. Pty. Ltd.
4.23
4-26-2033
EUR
1,832,000
2,203,747
 
 
8,462,611
Food:  0.06%
 
Market Bidco Finco PLC
5.50
11-4-2027
GBP
5,000,000
6,702,979
Energy:  0.01%
 
Oil & gas:  0.01%
 
Aker BP ASA
1.13
5-12-2029
EUR
733,000
803,289
Repsol International Finance BV (EUR Swap Annual (vs.
6 Month EURIBOR) 5 Year+2.77%)ʊ±
2.50
12-22-2026
EUR
306,000
354,882
 
 
1,158,171
Financial:  0.42%
 
Banks:  0.32%
 
ABN AMRO Bank NV (EUR Swap Annual (vs. 6 Month
EURIBOR) 5 Year+3.90%)ʊ±
4.75
9-22-2027
EUR
4,900,000
5,747,125
BAWAG Group AG (EURIBOR ICE Swap Rate
11:00am+5.05%)ʊ±
7.25
9-18-2029
EUR
5,000,000
6,160,049
CaixaBank SA (EUR Swap Annual (vs. 6 Month EURIBOR)
5 Year+3.55%)±
6.25
2-23-2033
EUR
1,800,000
2,188,198
Credit Agricole SA (EURIBOR ICE Swap Rate
11:00am+4.44%)ʊ±
7.25
9-23-2028
EUR
2,900,000
3,586,851
Deutsche Bank AG (3 Month EURIBOR+1.50%)±
4.13
4-4-2030
EUR
3,100,000
3,688,268
Deutsche Bank AG (3 Month EURIBOR+2.95%)±
5.00
9-5-2030
EUR
1,000,000
1,221,050
KBC Group NV (EURIBOR ICE Swap Rate
11:00am+4.93%)ʊ±
8.00
9-5-2028
EUR
3,600,000
4,524,465
Raiffeisen Bank International AG (EURIBOR ICE Swap
Rate 11:00am+5.20%)±
7.38
12-20-2032
EUR
3,700,000
4,515,903
UBS Group AG (EURIBOR ICE Swap Rate
11:00am+4.95%)±
7.75
3-1-2029
EUR
2,870,000
3,604,706
 
 
35,236,615
Insurance:  0.02%
 
AXA SA
3.63
1-10-2033
EUR
1,801,000
2,138,023
See accompanying notes to portfolio of investments
18 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Real estate:  0.08%
 
Aroundtown SA
3.25
%
1-2-2031
EUR
3,400,000
$3,830,556
Castellum AB (EUR Swap Annual (vs. 6 Month EURIBOR)
5 Year+3.45%)ʊ±
3.13
12-2-2026
EUR
3,800,000
4,382,357
 
 
8,212,913
Government securities:  0.06%
 
Multi-national:  0.06%
 
Banque Ouest Africaine de Developpement
2.75
1-22-2033
EUR
6,319,000
6,261,792
Technology:  0.05%
 
Computers:  0.05%
 
Almaviva-The Italian Innovation Co. SpA144A
5.00
10-30-2030
EUR
5,000,000
5,676,236
Utilities:  0.24%
 
Electric:  0.15%
 
Contact Energy Ltd.
3.54
11-3-2032
EUR
3,297,000
3,798,684
Enel Finance International NVøø
0.75
6-17-2030
EUR
672,000
709,244
Enel Finance International NV
4.00
2-20-2031
EUR
1,832,000
2,192,923
Iberdrola Finanzas SA (EURIBOR ICE Swap Rate
11:00am+1.36%)ʊ±
3.75
8-5-2031
EUR
3,300,000
3,772,137
Vattenfall AB (UK Gilts 5 Year+1.90%)±
2.50
6-29-2083
GBP
4,713,000
6,003,678
 
 
16,476,666
Gas:  0.05%
 
APA Infrastructure Ltd.
2.00
7-15-2030
EUR
5,037,000
5,570,049
Water:  0.04%
 
Holding dInfrastructures des Metiers de
lEnvironnement SAS
4.88
10-24-2029
EUR
3,800,000
4,529,695
Total foreign corporate bonds and notes
(Cost $173,370,737)
 
186,182,916
Foreign government bonds:  4.97%
 
Australia:  0.63%
 
Australia
1.50
6-21-2031
AUD
67,000,000
41,643,127
Australia
2.25
5-21-2028
AUD
40,225,000
27,682,978
 
 
69,326,105
Belgium:  0.25%
 
Kingdom of Belgium144A
3.40
6-22-2036
EUR
23,850,000
27,707,743
Brazil:  0.48%
 
Brazil
10.00
1-1-2031
BRL
305,000,000
52,903,036
Chile:  0.13%
 
Republic of Chile144A
4.70
9-1-2030
CLP
13,200,000,000
14,586,342
Colombia:  0.47%
 
Colombia TES
5.75
11-3-2027
COP
210,000,000,000
51,186,058
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 19

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Czech Republic:  0.25%
 
Czech Republic
5.00
%
9-30-2030
CZK
551,060,000
$27,305,558
France:  0.49%
 
French Republic144A
0.10
7-25-2036
EUR
26,531,811
27,070,748
French Republic144A
2.70
2-25-2031
EUR
23,400,000
27,004,004
 
 
54,074,752
Germany:  0.37%
 
Bundesobligation
2.50
4-16-2031
EUR
23,500,000
27,247,028
Bundesschatzanweisungen
2.50
6-14-2028
EUR
11,750,000
13,696,551
 
 
40,943,579
Italy:  0.25%
 
Italy
2.20
2-28-2028
EUR
23,500,000
27,200,376
Mexico:  0.26%
 
Mexico
8.50
2-28-2030
MXN
488,245,000
28,271,010
South Africa:  0.26%
 
Republic of South Africa
8.00
1-31-2030
ZAR
458,000,000
28,401,923
Spain:  0.51%
 
Spain
2.60
5-31-2031
EUR
47,900,000
55,293,126
United Kingdom:  0.62%
 
U.K. Gilts
4.38
3-7-2028
GBP
10,050,000
13,571,887
U.K. Gilts
4.38
3-7-2030
GBP
20,311,000
27,435,549
U.K. Gilts
4.75
10-22-2035
GBP
19,930,000
26,723,374
 
 
67,730,810
Total foreign government bonds (Cost $542,137,284)
 
544,930,418
 
 
 
 
Shares
 
Investment companies:  2.76%
 
Exchange-traded funds:  2.76%
 
iShares Broad USD High Yield Corporate Bond ETF
 
2,088,515
77,630,103
State Street SPDR Portfolio High Yield Bond ETF
 
844,925
19,881,085
Vanguard Intermediate-Term Corporate Bond ETF
 
1,498,483
124,149,316
Vanguard Short-Term Corporate Bond ETF
 
1,020,236
80,792,489
Total investment companies (Cost $301,386,125)
 
302,452,993
 
 
 
 
Principal
 
Loans:  0.03%
 
Consumer, cyclical:  0.01%
 
Airlines:  0.01%
 
Vista Management Holding, Inc. (U.S. SOFR 3
Month+3.75%)±
7.44
4-1-2031
$
436,111
432,111
See accompanying notes to portfolio of investments
20 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Consumer, non-cyclical:  0.02%
 
Healthcare-services:  0.02%
 
Modivcare Buyer LLC (U.S. SOFR 3 Month+5.00%)‡±
8.70
%
12-30-2032
$
3,081,996
$2,588,877
Total loans (Cost $3,515,526)
 
3,020,988
Municipal obligations:  0.04%
 
Illinois:  0.02%
 
Housing revenue:  0.02%
 
Metropolitan Pier & Exposition Authority State of Illinois
McCormick Place Expansion Project Fund Series B
(AG Insured)¤
0.00
6-15-2026
 
1,975,000
1,972,688
Tax revenue:  0.00%
 
Metropolitan Pier & Exposition Authority State of Illinois
McCormick Place Expansion Project Fund Series B
CAB¤
0.00
12-15-2051
 
765,000
216,235
 
 
2,188,923
Pennsylvania:  0.02%
 
Housing revenue:  0.02%
 
Commonwealth Financing Authority Pennsylvania
Series A
4.14
6-1-2038
 
1,995,000
1,866,351
Total municipal obligations (Cost $4,091,820)
 
4,055,274
Non-agency mortgage-backed securities:  5.34%
 
1345 Trust Series 2025-AOA Class A (U.S. SOFR 1
Month+1.60%)144A±
5.23
6-15-2042
 
3,475,000
3,474,983
A&D Mortgage Trust Series 2024-NQM4 Class A1144A
5.46
8-25-2069
 
2,044,443
2,047,406
A&D Mortgage Trust Series 2024-NQM5 Class A1144A
5.70
11-25-2069
 
1,433,353
1,438,950
A&D Mortgage Trust Series 2024-NQM6
Class A2144A±±
5.92
1-25-2070
 
628,190
631,168
A&D Mortgage Trust Series 2025-NQM3
Class A1144A±±
5.37
8-25-2070
 
25,161,391
25,146,792
A&D Mortgage Trust Series 2026-NQM1
Class A1144A±±
4.91
2-25-2071
 
9,605,283
9,512,598
Agate Bay Mortgage Trust Series 2015-3
Class B3144A±±
3.44
4-25-2045
 
359,308
292,409
Ajax Mortgage Loan Trust Series 2021-E
Class A1144A±±
1.74
12-25-2060
 
2,399,342
2,101,634
ALA Trust Series 2025-OANA Class A (U.S. SOFR 1
Month+1.74%)144A±
5.37
6-15-2040
 
5,000,000
5,020,313
Angel Oak Mortgage Trust Series 2020-4
Class A1144A±±
1.47
6-25-2065
 
272,925
266,539
Angel Oak Mortgage Trust Series 2024-10
Class A1144A±±
5.35
10-25-2069
 
7,351,051
7,360,595
BAHA Trust Series 2024-MAR Class B144A±±
6.84
12-10-2041
 
20,000,000
20,630,644
Bank Series 2022-BNK44 Class A5±±
5.74
11-15-2055
 
1,085,000
1,126,386
BBCMS Mortgage Trust Series 2025-5C37 Class C±±
6.00
9-15-2058
 
2,500,000
2,500,704
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 21

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Non-agency mortgage-backed securities(continued)
 
Benchmark Mortgage Trust Series 2022-B33
Class A5±±
3.46
%
3-15-2055
$
14,391,000
$13,300,827
BHMS Commercial Mortgage Trust Series 2025-ATLS
Class B (U.S. SOFR 1 Month+2.55%)144A±
6.18
8-15-2042
 
8,570,000
8,580,713
BMO Mortgage Trust Series 2024-C8 Class AS±±
5.91
3-15-2057
 
10,685,000
11,011,248
BOCA Commercial Mortgage Trust Series 2025-BOCA
Class C (U.S. SOFR 1 Month+2.15%)144A±
5.78
12-15-2042
 
6,050,000
6,061,344
BX Trust Series 2019-OC11 Class A144A
3.20
12-9-2041
 
4,975,000
4,707,304
BX Trust Series 2024-BIO Class C (U.S. SOFR 1
Month+2.64%)144A±
6.27
2-15-2041
 
10,995,000
10,926,301
BX Trust Series 2025-VOLT Class B (U.S. SOFR 1
Month+2.10%)144A±
5.73
12-15-2044
 
25,900,000
25,916,188
BX Trust Series 2026-CLS Class B (U.S. SOFR 1
Month+1.70%)144A±
5.33
5-15-2043
 
3,400,000
3,402,122
CD Mortgage Trust Series 2017-CD6 Class A5
3.46
11-13-2050
 
1,035,000
1,022,216
CFMT LLC Series 2025-AB3 Class A144A±±
4.00
5-25-2055
 
1,823,935
1,743,832
CHNGE Mortgage Trust Series 2022-1 Class A1144A±±
4.01
1-25-2067
 
4,408,959
4,232,545
CHNGE Mortgage Trust Series 2022-2 Class A1144A±±
4.76
3-25-2067
 
936,721
915,763
CHNGE Mortgage Trust Series 2023-3 Class A1144A±±
7.10
7-25-2058
 
540,942
539,288
CHNGE Mortgage Trust Series 2023-4 Class A1144A±±
7.57
9-25-2058
 
2,156,905
2,159,780
COMM Mortgage Trust Series 2024-277P
Class C144A±±
7.00
8-10-2044
 
5,000,000
5,212,099
CRSO Trust Series 2023±±
7.12
7-10-2040
 
17,995,000
18,446,280
CSMC Trust Series 2013-IVR2 Class B4144A±±
3.39
4-25-2043
 
292,653
254,140
CSMC Trust Series 2014-IVR2 Class A2144A±±
3.82
4-25-2044
 
926,328
878,356
CSMC Trust Series 2018-RPL9 Class A144A±±
3.85
9-25-2057
 
1,734,080
1,660,107
CSMC Trust Series 2021-AFC1 Class A2144A±±
1.07
3-25-2056
 
3,273,594
2,747,996
CSMLT Trust Series 2015-1 Class B4144A±±
3.84
5-25-2045
 
1,685,803
1,611,423
DBSG Mortgage Trust Series 2024-ALTA
Class A144A±±
5.95
6-10-2037
 
13,810,000
13,906,170
DBSG Mortgage Trust Series 2024-ALTA
Class B144A±±
6.38
6-10-2037
 
3,015,000
3,034,211
Deephaven Residential Mortgage Trust Series 2021-3
Class A2144A±±
1.40
8-25-2066
 
1,707,100
1,514,414
EFMT Series 2025-NQM3 Class A1144A±±
5.49
8-25-2070
 
17,109,393
17,151,260
Finance of America Structured Securities Trust
Series 2024-S2 Class A1144A±±
3.50
4-25-2074
 
21,824,403
21,523,484
Finance of America Structured Securities Trust
Series 2024-S4 Class A1144A
3.50
11-25-2074
 
10,588,511
10,334,137
Financial Asset Securitization, Inc. Series 1997-NAM2
Class B2†±±
8.00
7-25-2027
 
15,908
2
FREMF Mortgage Trust Series 2020-KF76 Class B (30
Day Average U.S. SOFR+2.86%)144A±
6.51
1-25-2030
 
2,208,387
2,161,744
FS Trust Series 2026-HULA Class B (U.S. SOFR 1
Month+1.65%)144A±
5.28
3-15-2041
 
16,810,000
16,831,013
FS Trust Series 2026-ORL Class B (U.S. SOFR 1
Month+1.55%)144A±
5.18
2-15-2041
 
3,409,000
3,411,131
GCAT Trust Series 2019-RPL1 Class A1144A±±
2.65
10-25-2068
 
738,355
722,364
GCAT Trust Series 2022-NQM3 Class A1144A±±
5.35
4-25-2067
 
923,797
920,861
See accompanying notes to portfolio of investments
22 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Non-agency mortgage-backed securities(continued)
 
GCAT Trust Series 2026-NQM2 Class A1144A±±
5.45
%
2-25-2071
$
11,185,323
$11,209,898
GS Mortgage Securities Trust Series 2017-GS7
Class A3
3.17
8-10-2050
 
990,000
978,912
GS Mortgage Securities Trust Series 2019-GSA1
Class C±±
3.80
11-10-2052
 
500,000
441,513
GS Mortgage-Backed Securities Corp. Trust
Series 2019-PJ2 Class A4144A±±
4.00
11-25-2049
 
118,486
110,470
GS Mortgage-Backed Securities Trust Series 2024-RPL2
Class A1144A±±
3.75
7-25-2061
 
10,889,820
10,628,850
GS Mortgage-Backed Securities Trust Series 2024-RPL4
Class A1144A±±
3.90
9-25-2061
 
426,839
416,693
GSJP Trust Series 2025-BEDS Class A (U.S. SOFR 1
Month+1.50%)144A±
5.13
12-15-2042
 
7,995,000
7,956,514
GSJP Trust Series 2025-BEDS Class B (U.S. SOFR 1
Month+1.75%)144A±
5.38
12-15-2042
 
15,435,000
15,345,548
Harvest Commercial Capital Loan Trust Series 2024-1
Class A
6.16
10-25-2056
 
7,500,552
7,594,294
HAVN Trust Series 2025-MOB Class A (U.S. SOFR 1
Month+1.70%)144A±
5.33
10-15-2035
 
16,880,000
16,827,250
Imperial Fund Mortgage Trust Series 2020-NQM1
Class A1144A±±
1.38
10-25-2055
 
342,014
326,663
Imperial Fund Mortgage Trust Series 2021-NQM1
Class A1144A±±
1.07
6-25-2056
 
943,924
812,473
Imperial Fund Mortgage Trust Series 2021-NQM2
Class A2144A±±
1.36
9-25-2056
 
3,150,829
2,681,336
Imperial Fund Mortgage Trust Series 2022-NQM3
Class A3144A±±
4.41
5-25-2067
 
17,223,000
15,481,887
JPMorgan Mortgage Trust Series 2013-3
Class B4144A±±
3.39
7-25-2043
 
3,616,907
2,859,765
JPMorgan Mortgage Trust Series 2014-2
Class B4144A±±
3.32
6-25-2029
 
1,215,000
1,176,923
JPMorgan Mortgage Trust Series 2020-1
Class A15144A±±
3.50
6-25-2050
 
904,512
810,368
JPMorgan Mortgage Trust Series 2025-CES1
Class A3144A±±
6.07
5-25-2055
 
500,000
503,567
MFA Trust Series 2020-NQM3 Class A1144A±±
1.01
1-26-2065
 
343,787
330,625
MFA Trust Series 2020-NQM3 Class M1144A±±
2.65
1-26-2065
 
2,650,000
2,475,834
MFA Trust Series 2021-NQM1 Class A1144A±±
1.15
4-25-2065
 
850,163
801,159
MFA Trust Series 2021-NQM1 Class A2144A±±
1.38
4-25-2065
 
1,374,592
1,297,770
MFA Trust Series 2022-NQM2 Class A1144A±±
5.00
5-25-2067
 
5,039,853
4,926,476
Mill City Mortgage Loan Trust Series 2019-GS1
Class M2144A±±
3.25
7-25-2059
 
4,592,000
4,215,007
Mill City Mortgage Loan Trust Series 2021-NMR1
Class B2144A±±
2.50
11-25-2060
 
5,731,000
4,356,864
Mill City Mortgage Loan Trust Series 2026-R1
Class A1144A±±
5.46
10-25-2062
 
2,322,970
2,322,536
MOO Securitization Trust Series 2026-RM2
Class A1144A♦±±
4.75
6-25-2066
 
6,190,000
5,953,267
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 23

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Non-agency mortgage-backed securities(continued)
 
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2016-C30 Class B±±
3.31
%
9-15-2049
$
4,610,000
$4,380,044
Morgan Stanley Capital I Trust Series 2014-150E
Class A144A
3.91
9-9-2032
 
6,695,000
6,303,496
Morgan Stanley Residential Mortgage Loan Trust
Series 2025-NQM5 Class A1144A±±
5.44
7-25-2070
 
14,663,993
14,682,046
New Residential Mortgage Loan Trust Series 2019-RPL3
Class M1144A±±
3.25
7-25-2059
 
10,800,000
9,776,388
NYMT Loan Trust Series 2024-CP1 Class A1144A±±
3.75
2-25-2068
 
2,332,136
2,161,725
OBX Trust Series 2020-INV1 Class A21144A±±
3.50
12-25-2049
 
1,229,915
1,100,798
OBX Trust Series 2022-NQM7 Class A1144A±±
5.11
8-25-2062
 
3,607,624
3,598,953
One New York Plaza Trust Series 2020-1NYP Class A
(U.S. SOFR 1 Month+1.06%)144A±
4.69
1-15-2036
 
10,534,018
10,231,165
PRPM Trust Series 2024-NQM3 Class A1144A±±
5.23
8-25-2069
 
9,559,187
9,542,266
RCKT Mortgage Trust Series 2023-CES2
Class A1A144A±±
6.81
9-25-2043
 
4,033,514
4,041,369
RCKT Mortgage Trust Series 2024-CES9
Class A1A144A±±
5.58
12-25-2044
 
4,827,596
4,846,056
Residential Mortgage Loan Trust Series 2020-1
Class M1144A±±
3.24
1-26-2060
 
4,740,287
4,650,903
Residential Mortgage Loan Trust Series 2021-1R
Class A2144A±±
1.10
1-25-2065
 
251,766
245,238
ROCK Trust Series 2024-CNTR Class C144A
6.47
11-13-2041
 
9,345,000
9,599,749
Saluda Grade Alternative Mortgage Trust Series 2024-
CES1 Class A1144A±±
6.31
3-25-2054
 
3,567,884
3,604,235
SDAL Trust Series 2025-DAL Class A (U.S. SOFR 1
Month+2.44%)144A±
6.07
4-15-2042
 
4,740,000
4,745,918
SDAL Trust Series 2025-DAL Class B (U.S. SOFR 1
Month+2.94%)144A±
6.57
4-15-2042
 
8,845,000
8,856,043
SFAVE Commercial Mortgage Securities Trust
Series 2015-5AVE Class B144A±±
4.39
1-5-2043
 
5,445,000
4,604,230
SFAVE Commercial Mortgage Securities Trust
Series 2015-5AVE Class D144A±±
4.39
1-5-2043
 
3,377,000
2,473,430
SG Residential Mortgage Trust Series 2021-1
Class A2144A±±
1.36
7-25-2061
 
4,933,531
4,124,311
Shellpoint Co-Originator Trust Series 2016-1
Class B2144A±±
3.59
11-25-2046
 
3,498,150
3,261,705
SHR Trust Series 2024-LXRY Class A (U.S. SOFR 1
Month+1.95%)144A±
5.58
10-15-2041
 
9,635,000
9,641,012
SPGN Trust Series 2026-TFLM Class C (U.S. SOFR 1
Month+1.80%)144A±
5.43
2-15-2041
 
2,400,000
2,386,500
Starwood Mortgage Residential Trust Series 2021-6
Class A1144A±±
1.92
11-25-2066
 
1,486,345
1,308,352
SWCH Commercial Mortgage Trust Series 2025-DATA
Class C (U.S. SOFR 1 Month+2.09%)144A±
5.72
2-15-2042
 
7,960,000
7,900,300
Towd Point Mortgage Trust Series 2017-4
Class A1144A±±
2.75
6-25-2057
 
242,373
238,602
Towd Point Mortgage Trust Series 2019-4
Class M1144A±±
3.50
10-25-2059
 
4,000,000
3,494,762
See accompanying notes to portfolio of investments
24 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Non-agency mortgage-backed securities(continued)
 
Towd Point Mortgage Trust Series 2019-4
Class M2144A±±
3.75
%
10-25-2059
$
3,680,000
$3,111,698
Towd Point Mortgage Trust Series 2020-1
Class A1144A±±
2.71
1-25-2060
 
4,362,498
4,212,676
Towd Point Mortgage Trust Series 2024-CES6
Class M1144A±±
6.10
11-25-2064
 
6,375,000
6,401,282
TRK Trust Series 2021-INV1 Class A2144A±±
1.41
7-25-2056
 
1,276,588
1,154,563
UBS Commercial Mortgage Trust Series 2017-C5
Class A5
3.47
11-15-2050
 
1,140,000
1,118,054
Verus Securitization Trust Series 2021-R3
Class A1144A±±
1.02
4-25-2064
 
3,589,995
3,462,598
Verus Securitization Trust Series 2024-9
Class M1144A±±
6.20
11-25-2069
 
1,659,000
1,660,869
Wells Fargo Commercial Mortgage Trust Series 2025-
NYCH Class A (U.S. SOFR 1 Month+1.74%)144A±
5.37
6-15-2042
 
1,500,000
1,494,085
Total non-agency mortgage-backed securities (Cost
$592,664,471)
 
585,649,667
U.S. Treasury securities:  12.12%
 
U.S. Treasury Bonds
2.25
8-15-2049
 
50,760,000
31,296,713
U.S. Treasury Bonds
2.88
5-15-2043
 
45,210,000
34,497,349
U.S. Treasury Bonds
3.00
2-15-2049
 
32,945,000
23,841,370
U.S. Treasury Bonds
3.13
5-15-2048
 
65,580,000
48,918,581
U.S. Treasury Bonds
3.88
5-15-2043
 
42,200,000
37,132,703
U.S. Treasury Bonds
4.13
8-15-2044
 
22,960,000
20,658,619
U.S. Treasury Bonds
4.38
8-15-2043
 
60,825,000
56,945,030
U.S. Treasury Bonds
4.63
5-15-2044
 
106,485,000
102,400,301
U.S. Treasury Bonds
4.63
11-15-2044
 
17,570,000
16,850,728
U.S. Treasury Bonds
4.63
11-15-2045
 
183,849,000
175,690,701
U.S. Treasury Bonds
4.63
2-15-2046
 
203,830,000
194,657,650
U.S. Treasury Bonds
4.63
11-15-2055
 
91,062,000
85,968,219
U.S. Treasury Bonds
4.75
8-15-2055
 
135,000
129,985
U.S. Treasury Bonds
5.00
5-15-2045
 
69,988,000
70,269,593
U.S. Treasury Inflation-Indexed Notes
1.88
1-15-2036
 
27,843,787
27,453,842
U.S. Treasury Notes
3.50
2-28-2031
 
8,025,000
7,808,701
U.S. Treasury Notes
3.88
5-15-2029
 
13,495,000
13,430,688
U.S. Treasury Notes
4.13
5-31-2031
 
162,938,000
162,836,164
U.S. Treasury Notes
4.13
2-15-2036
 
95,545,000
93,201,162
U.S. Treasury Notes
4.38
5-15-2036
 
113,776,000
113,189,343
U.S. Treasury STRIPS¤
0.00
5-15-2040
 
20,515,000
10,341,825
Total U.S. Treasury securities (Cost $1,378,608,636)
 
1,327,519,267
Yankee corporate bonds and notes:  9.81%
 
Basic materials:  0.03%
 
Mining:  0.03%
 
Glencore Finance Canada Ltd.144A
6.90
11-15-2037
 
2,675,000
2,972,305
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 25

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Communications:  0.46%
 
Media:  0.01%
 
Virgin Media Secured Finance PLC144A
4.50
%
8-15-2030
$
1,385,000
$1,205,188
Telecommunications:  0.45%
 
Nokia Oyj
6.63
5-15-2039
 
3,545,000
3,763,223
Rogers Communications, Inc. (5 Year Treasury Constant
Maturity+2.62%)±
7.13
4-15-2055
 
12,825,000
13,299,045
Rogers Communications, Inc. (5 Year Treasury Constant
Maturity+2.84%)±
6.88
7-31-2056
 
12,970,000
13,184,787
TELUS Corp. (5 Year Treasury Constant
Maturity+2.52%)±
6.63
6-9-2056
 
9,745,000
9,714,784
TELUS Corp. (5 Year Treasury Constant
Maturity+2.71%)±
7.00
10-15-2055
 
9,340,000
9,613,634
 
 
49,575,473
Consumer, cyclical:  0.70%
 
Airlines:  0.04%
 
Air Canada Pass-Through Trust Series 2020-1
Class C144A
10.50
7-15-2026
 
4,000,000
4,026,173
Apparel:  0.05%
 
Gildan Activewear, Inc.144A
5.40
10-7-2035
 
6,085,000
5,977,789
Leisure time:  0.61%
 
Carnival Corp. Ltd.144A
6.13
2-15-2033
 
32,365,000
32,778,881
Royal Caribbean Cruises Ltd.
5.25
2-27-2038
 
7,410,000
7,176,679
Royal Caribbean Cruises Ltd.144A
5.63
9-30-2031
 
1,575,000
1,588,820
Royal Caribbean Cruises Ltd.144A
6.00
2-1-2033
 
25,215,000
25,562,378
 
 
67,106,758
Consumer, non-cyclical:  0.14%
 
Beverages:  0.13%
 
Becle SAB de CV144A
2.50
10-14-2031
 
16,485,000
14,120,080
Cosmetics/Personal Care:  0.01%
 
Perrigo Finance Unlimited Co.
4.90
12-15-2044
 
1,500,000
1,083,834
Energy:  1.07%
 
Oil & gas:  0.95%
 
Aker BP ASA144A
5.80
10-1-2054
 
8,035,000
7,559,045
BP Capital Markets PLC (5 Year Treasury Constant
Maturity+2.15%)ʊ±
6.45
12-1-2033
 
8,555,000
8,988,995
BP Capital Markets PLC (5 Year Treasury Constant
Maturity+4.40%)ʊ±
4.88
3-22-2030
 
32,250,000
31,772,784
Eni SpA144A
5.25
5-18-2036
 
10,555,000
10,458,458
Eni SpA144A
6.00
5-18-2056
 
5,835,000
5,820,452
Harbour Energy PLC144A
6.33
4-1-2035
 
26,550,000
27,336,817
Santos Finance Ltd.144A
5.75
11-13-2035
 
11,900,000
12,042,455
 
 
103,979,006
See accompanying notes to portfolio of investments
26 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Pipelines:  0.12%
 
Enbridge, Inc. (5 Year Treasury Constant
Maturity+3.71%)±
7.38
%
1-15-2083
$
2,580,000
$2,646,012
Enbridge, Inc. Series 20-A (5 Year Treasury Constant
Maturity+5.31%)±
5.75
7-15-2080
 
10,530,000
10,622,780
 
 
13,268,792
Financial:  6.31%
 
Banks:  4.84%
 
Banco Mercantil del Norte SA (5 Year Treasury Constant
Maturity+4.07%)144Aʊ±
8.38
5-20-2031
 
5,000,000
5,193,750
Banco Mercantil del Norte SA (5 Year Treasury Constant
Maturity+4.64%)144Aʊ±
5.88
1-24-2027
 
9,050,000
8,977,242
Banco Nacional de Comercio Exterior SNC (5 Year
Treasury Constant Maturity+2.00%)144A±
2.72
8-11-2031
 
8,850,000
8,787,015
Banco Nacional de Mexico SA (5 Year Treasury Constant
Maturity+2.68%)144A±
6.70
8-7-2036
 
2,000,000
1,995,800
Banco Santander SA
5.44
7-15-2031
 
11,745,000
12,073,011
Bancolombia SA (5 Year Treasury Constant
Maturity+4.32%)±
8.63
12-24-2034
 
6,040,000
6,347,043
Bank of Ireland Group PLC (U.S. SOFR+1.16%)144A±
5.00
11-12-2032
 
13,275,000
13,263,988
Bank of Montreal Series J (U.S. SOFR+0.96%)±%%
4.88
6-2-2032
 
6,175,000
6,181,885
Bank of Montreal Series J (U.S. SOFR+1.21%)±%%
5.30
6-2-2037
 
15,410,000
15,433,405
Banque Federative du Credit Mutuel SA144A
5.19
2-16-2028
 
19,940,000
20,181,283
Barclays PLC (U.S. SOFR+1.51%)±
5.21
2-24-2037
 
8,825,000
8,591,762
BBVA Mexico SA Institucion De Banca Multiple Grupo
Financiero BBVA Mexico144A%%
5.40
6-3-2031
 
10,710,000
10,718,889
BBVA Mexico SA Institucion De Banca Multiple Grupo
Financiero (5 Year Treasury Constant
Maturity+4.31%)144A±
5.88
9-13-2034
 
3,800,000
3,733,226
BNP Paribas SA (5 Year Treasury Constant
Maturity+2.85%)144Aʊ±
6.88
12-15-2033
 
27,920,000
27,736,485
BNP Paribas SA (5 Year Treasury Constant
Maturity+3.73%)144Aʊ±
8.00
8-22-2031
 
3,805,000
4,068,725
BNP Paribas SA (5 Year Treasury Constant
Maturity+4.90%)144Aʊ±
7.75
8-16-2029
 
6,315,000
6,620,810
Canadian Imperial Bank of Commerce
(U.S. SOFR+0.79%)±
4.28
1-29-2030
 
24,080,000
23,862,732
Commonwealth Bank of Australia (1 Year Treasury
Constant Maturity+1.32%)144A±
5.93
3-14-2046
 
26,530,000
26,687,099
Credit Agricole SA (U.S. SOFR+1.36%)144A±
4.82
9-25-2033
 
16,425,000
16,076,908
Credit Agricole SA (U.S. SOFR+1.46%)144A±
5.22
5-27-2031
 
23,175,000
23,427,827
Danske Bank AS (1 Year Treasury Constant
Maturity+1.40%)144A±
5.71
3-1-2030
 
14,365,000
14,731,631
Danske Bank AS (1 Year Treasury Constant
Maturity+1.75%)144A±
4.30
4-1-2028
 
26,435,000
26,423,135
Deutsche Bank AG (U.S. SOFR+1.10%)±
4.47
12-10-2031
 
25,135,000
24,731,378
DNB Bank ASA (U.S. SOFR+1.13%)144A±
4.83
3-30-2032
 
33,975,000
33,854,928
HSBC Holdings PLC (U.S. SOFR+1.57%)±
5.24
5-13-2031
 
25,450,000
25,773,601
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 27

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Banks(continued)
 
Lloyds Banking Group PLC (5 Year Treasury Constant
Maturity+4.82%)ʊ±
6.75
%
6-27-2026
$
8,525,000
$8,542,851
Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury
Constant Maturity+0.92%)±
4.85
4-21-2032
 
6,785,000
6,774,893
National Australia Bank Ltd. (5 Year Treasury Constant
Maturity+1.70%)144A±
3.35
1-12-2037
 
21,105,000
19,144,987
NatWest Markets PLC144A
1.60
9-29-2026
 
4,135,000
4,102,440
NatWest Markets PLC144A
4.65
3-27-2029
 
22,125,000
22,167,779
NatWest Markets PLC144A
4.89
3-27-2031
 
18,000,000
18,035,642
Royal Bank of Canada (U.S. SOFR+0.84%)±
4.40
4-17-2030
 
10,780,000
10,720,172
UBS Group AG (1 Year Treasury Constant
Maturity+0.85%)144A±
1.49
8-10-2027
 
16,330,000
16,233,832
UBS Group AG (1 Year Treasury Constant
Maturity+2.05%)144A±
4.70
8-5-2027
 
9,625,000
9,627,280
UBS Group AG (5 Year Treasury Constant
Maturity+3.40%)144Aʊ±
4.88
2-12-2027
 
3,940,000
3,924,831
UBS Group AG (U.S. SOFR+1.73%)144A±
3.09
5-14-2032
 
16,920,000
15,531,884
UBS Group AG (USD SOFR ICE Swap Rate 11:00am NY 5
Year+3.63%)144Aʊ±
6.85
9-10-2029
 
19,390,000
19,817,724
 
 
530,097,873
Diversified financial services:  0.41%
 
AerCap Ireland Capital DAC/AerCap Global Aviation
Trust (5 Year Treasury Constant Maturity+2.72%)±
6.95
3-10-2055
 
14,710,000
15,247,369
Avolon Holdings Funding Ltd.144A
2.75
2-21-2028
 
4,810,000
4,653,249
Avolon Holdings Funding Ltd.144A
4.95
1-15-2028
 
6,875,000
6,902,389
Avolon Holdings Funding Ltd.144A
5.75
3-1-2029
 
7,290,000
7,451,531
Brookfield Asset Management Ltd.
5.30
1-15-2036
 
4,270,000
4,190,671
Brookfield Asset Management Ltd.
6.08
9-15-2055
 
5,785,000
5,851,231
Unifin Financiera SAB de CV144A
9.88
1-28-2029
 
2,350,000
195,050
 
 
44,491,490
Insurance:  0.77%
 
Allianz SE (5 Year Treasury Constant
Maturity+2.77%)144A±
5.60
9-3-2054
 
3,060,000
3,032,171
Allianz SE (5 Year Treasury Constant
Maturity+3.23%)144A±
6.35
9-6-2053
 
27,320,000
28,468,150
Aspen Insurance Holdings Ltd.
5.75
7-1-2030
 
14,032,000
14,472,106
Nippon Life Insurance Co.144A
4.75
4-2-2031
 
13,115,000
13,127,806
RenaissanceRe Holdings Ltd.
5.75
6-5-2033
 
7,335,000
7,534,988
RenaissanceRe Holdings Ltd.
5.80
4-1-2035
 
4,925,000
5,065,464
Sompo Holdings, Inc. (1 Year Treasury Constant
Maturity+2.13%)144A±
5.41
4-22-2037
 
13,265,000
13,079,722
 
 
84,780,407
Private equity:  0.10%
 
Brookfield Finance, Inc.
5.33
1-15-2036
 
11,475,000
11,336,980
See accompanying notes to portfolio of investments
28 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
REITs:  0.19%
 
Equinix Asia Financing Corp. Pte. Ltd.
4.40
%
3-15-2031
$
20,635,000
$20,267,046
Government securities:  0.33%
 
Multi-national:  0.33%
 
African Export-Import Bank144A
3.80
5-17-2031
 
21,665,000
19,629,759
Banque Ouest Africaine de Developpement144A
4.70
10-22-2031
 
8,715,000
8,017,485
Banque Ouest Africaine de Developpement144A
5.00
7-27-2027
 
8,960,000
8,909,897
 
 
36,557,141
Industrial:  0.45%
 
Electronics:  0.12%
 
Flex Ltd.
5.38
11-13-2035
 
13,485,000
13,276,285
Engineering & construction:  0.10%
 
CIMIC Finance Ltd.144A
6.00
4-22-2036
 
8,020,000
7,942,268
CIMIC Finance USA Pty. Ltd.144A
7.00
3-25-2034
 
3,010,000
3,220,378
 
 
11,162,646
Packaging & containers:  0.05%
 
Trivium Packaging Finance BV144A
8.25
7-15-2030
 
4,505,000
4,752,572
Trucking & leasing:  0.18%
 
SMBC Aviation Capital Finance DAC144A
5.25
11-26-2035
 
9,755,000
9,588,485
SMBC Aviation Capital Finance DAC144A
5.45
5-3-2028
 
9,720,000
9,850,397
 
 
19,438,882
Utilities:  0.32%
 
Electric:  0.32%
 
Comision Federal de Electricidad144A
3.35
2-9-2031
 
22,035,000
19,811,329
Comision Federal de Electricidad144A
3.88
7-26-2033
 
9,650,000
8,369,791
Emera, Inc. Series 16-A (U.S. SOFR 3 Month+5.44%)±
6.75
6-15-2076
 
6,795,000
6,796,542
 
 
34,977,662
Total yankee corporate bonds and notes
(Cost $1,072,318,738)
 
1,074,454,382
Yankee government bonds:  1.52%
 
Argentina:  0.25%
 
Argentinaøø
0.75
7-9-2030
 
1,226,866
1,068,846
Argentina
1.00
7-9-2029
 
144,417
130,337
Argentinaøø
4.13
7-9-2035
 
1,817,118
1,398,272
City of Buenos Aires144A
7.05
5-13-2036
 
600,000
583,500
City of Buenos Aires144A
7.80
11-26-2033
 
11,515,000
11,889,583
Province of Santa Fe144A
8.10
12-11-2034
 
12,580,000
12,391,300
 
 
27,461,838
Bermuda:  0.04%
 
Bermuda144A
3.38
8-20-2050
 
6,109,000
4,157,113
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 29

Portfolio of investments—May 31, 2026 (unaudited)
 
 
Interest
rate
Maturity
date
Principal
Value
Israel:  0.42%
 
Israel
4.50
%
1-13-2031
$
21,605,000
$21,197,770
Israel
5.75
3-12-2054
 
16,120,000
15,361,301
Israel
5.88
1-13-2056
 
10,000,000
9,676,633
 
 
46,235,704
Ivory Coast:  0.11%
 
Ivory Coast144A
8.25
1-30-2037
 
10,720,000
11,840,071
Mexico:  0.46%
 
Mexico
5.63
9-22-2035
 
9,495,000
9,191,160
Mexico
6.00
5-7-2036
 
7,225,000
7,201,736
Mexico
6.13
2-9-2038
 
11,550,000
11,324,775
Mexico
6.35
2-9-2035
 
11,980,000
12,201,031
Mexico
3.77
5-24-2061
 
17,000,000
10,200,000
 
 
50,118,702
Panama:  0.11%
 
Panama
2.25
9-29-2032
 
14,880,000
12,514,080
Peru:  0.04%
 
Fondo MIVIVIENDA SA144A
5.40
3-31-2031
 
4,070,000
4,081,437
Trinidad and Tobago:  0.09%
 
Trinidad & Tobago144A
6.50
1-28-2036
 
9,630,000
9,924,485
Total yankee government bonds (Cost $164,678,597)
 
166,333,430
 
 
Yield
 
Shares
 
Short-term investments:  4.65%
 
Investment companies:  4.65%
 
Allspring Government Money Market Fund Select
Class♠∞##
3.56
 
509,112,247
509,112,247
Total short-term investments (Cost $509,112,247)
 
509,112,247
Total investments in securities
(Cost $11,206,450,126)
101.70
%
 
11,142,516,393
Other assets and liabilities, net
(1.70
)
 
(185,964,370
)
Total net assets
100.00
%
 
$10,956,552,023
See accompanying notes to portfolio of investments
30 | Allspring Core Plus Bond Fund

Portfolio of investments—May 31, 2026 (unaudited)
±
Variable rate investment. The rate shown is the rate in effect at period end.
±±
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.
%%
The security is purchased on a when-issued basis.
ƒ
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.
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.
The security is fair valued in accordance with procedures approved by Allspring Funds Management, LLC.
Non-income-earning security
¤
The security is issued in zero coupon form with no periodic interest payments.
ʊ
Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date.
øø
The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end.
Security is valued using significant unobservable inputs.
The issuer of the security is an affiliated person of the Fund 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 as collateral for when-issued securities.
Abbreviations:
AG
Assured Guaranty Incorporation
AUD
Australian dollar
BDC
Business Development Company
BRL
Brazilian real
CAB
Capital appreciation bond
CLO
Collateralized loan obligation
CLP
Chile peso
COP
Colombian peso
CZK
Czech Republic koruna
EUR
Euro
EURIBOR
Euro Interbank Offered Rate
FHLMC
Federal Home Loan Mortgage Corporation
FNMA
Federal National Mortgage Association
GBP
Great British pound
GNMA
Government National Mortgage Association
MXN
Mexican peso
NPFGC
National Public Finance Guarantee Corporation
REIT
Real estate investment trust
RFUCCT1Y
Refinitiv USD IBOR Consumer Cash Fallbacks Term 1-year
SOFR
Secured Overnight Financing Rate
STRIPS
Separate trading of registered interest and principal of securities
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 investment manager. Transactions with issuers that were affiliates of the Fund 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
$459,866,843
$3,492,506,533
$(3,443,261,129
)
$0
$0
$509,112,247
509,112,247
$8,385,666
Forward foreign currency contracts
Currency to be
received
Currency to be
delivered
Counterparty
Settlement
date
Unrealized
gains
Unrealized
losses
USD
54,996,645
COP
204,901,000,000
Morgan Stanley, Inc.
6-9-2026
$0
$(479,236
)
See accompanying notes to portfolio of investments
Allspring Core Plus Bond Fund | 31

Portfolio of investments—May 31, 2026 (unaudited)
Forward foreign currency contracts (continued)
Currency to be
received
Currency to be
delivered
Counterparty
Settlement
date
Unrealized
gains
Unrealized
losses
USD
395,645,148
EUR
335,750,000
Bank of New York Mellon Corp.
6-11-2026
$3,866,278
$0
USD
3,272,308
EUR
2,816,000
Bank of New York Mellon Corp.
6-11-2026
0
(13,618
)
USD
13,319,455
EUR
11,440,000
Bank of New York Mellon Corp.
6-11-2026
0
(29,615
)
USD
25,731,387
SEK
241,170,000
Bank of New York Mellon Corp.
6-18-2026
0
(410,492
)
USD
1,479,098
SEK
13,730,000
Goldman Sachs International
6-18-2026
0
(9,180
)
SEK
130,460,000
USD
14,102,643
Bank of New York Mellon Corp.
6-18-2026
38,707
0
SEK
124,440,000
USD
13,453,075
Bank of New York Mellon Corp.
6-18-2026
35,732
0
USD
28,625,996
ZAR
470,850,000
Morgan Stanley, Inc.
6-18-2026
0
(373,736
)
USD
27,035,001
CZK
574,975,000
Goldman Sachs International
6-30-2026
0
(588,592
)
USD
52,636,121
MXN
958,109,000
Bank of New York Mellon Corp.
6-30-2026
0
(2,496,496
)
MXN
452,100,000
USD
26,075,597
State Street Bank & Trust Co.
6-30-2026
0
(60,335
)
USD
15,204,560
CLP
13,550,000,000
State Street Bank & Trust Co.
7-13-2026
0
(23,661
)
USD
71,355,204
AUD
98,535,000
Morgan Stanley, Inc.
7-20-2026
600,525
0
AUD
1,480,000
USD
1,050,554
Bank of New York Mellon Corp.
7-20-2026
12,184
0
USD
40,876,122
BRL
206,265,000
State Street Bank & Trust Co.
8-7-2026
624,528
0
USD
75,493,053
GBP
55,870,000
Bank of New York Mellon Corp.
8-18-2026
265,842
0
USD
13,653,364
GBP
10,175,000
Bank of New York Mellon Corp.
8-18-2026
0
(46,955
)
 
 
 
 
$5,443,796
$(4,531,916
)
Futures contracts
Description
Number of
contracts
Expiration
date
Notional
cost
Notional
value
Unrealized
gains
Unrealized
losses
Long
10-Year U.S. Treasury Notes
6,505
9-21-2026
$712,745,746
$714,431,953
$1,686,207
$0
Ultra U.S. Treasury Bond
1,138
9-21-2026
129,841,230
130,194,313
353,083
0
2-Year U.S. Treasury Notes
11,856
9-30-2026
2,446,529,254
2,449,005,000
2,475,746
0
5-Year U.S. Treasury Notes
438
9-30-2026
46,894,076
46,958,391
64,315
0
Short
5-Year Euro-BOBL Futures
(120
)
6-8-2026
(16,404,050
)
(16,251,681
)
152,369
0
10-Year Euro BUND
(434
)
9-8-2026
(63,868,753
)
(64,087,135
)
0
(218,382
)
2-Year Euro SCHATZ
(248
)
9-8-2026
(30,609,358
)
(30,647,853
)
0
(38,495
)
Ultra 10-Year U.S. Treasury Notes
(1,589
)
9-21-2026
(177,814,960
)
(178,092,141
)
0
(277,181
)
 
$4,731,720
$(534,058
)
Centrally cleared credit default swap contracts
Reference index
Fixed rate
Payment
frequency
Maturity
date
Notional
amount
Value
Premiums
paid
(received)
Unrealized
gains
Unrealized
losses
Buy Protection
 
 
 
Markit CDX North American High Yield
Series 46
5.00%
Quarterly
6-20-2031
USD
50,252,400
$4,674,573
$3,071,776
$1,602,797
$0
See accompanying notes to portfolio of investments
32 | Allspring Core Plus Bond Fund

Notes to portfolio of investments—May 31, 2026 (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 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, exchange-traded funds and futures contracts that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price.
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 Valuation Committee at Allspring Funds Management, LLC (“Allspring Funds Management”).
Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore may not fully reflect trading or events that occur after the close of the principal exchange in which the foreign securities are traded, but before the close of the New York Stock Exchange. If such trading or events are expected to materially affect the value of such securities, then fair value pricing procedures implemented by Allspring Funds Management are applied. These procedures take into account multiple factors including movements in U.S. securities markets after foreign exchanges close. Foreign securities that are fair valued under these procedures are categorized as Level 2 and the application of these procedures may result in transfers between Level 1 and Level 2. Depending on market activity, such fair valuations may be frequent. Such fair value pricing may result in net asset values that are higher or lower than net asset values based on the last reported sales price or latest quoted bid price. On May 31, 2026, such fair value pricing was not used in pricing foreign securities.
Forward foreign currency contracts are recorded at the forward rate provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee at Allspring Funds Management.
Swap contracts are valued at the evaluated price provided by an independent pricing service 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, 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 Managements 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 Valuation 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 Funds 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
Allspring Core Plus Bond Fund | 33

Notes to portfolio of investments—May 31, 2026 (unaudited)
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. Unfunded loan commitments represent the remaining obligation of the Fund to the borrower. At any point in time, up to the maturity date of the issue, the borrower may demand the unfunded portion. Unfunded amounts, if any, are marked to market.
Forward foreign currency contracts
A forward foreign currency contract is an agreement between two parties to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund enters into forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to attempt to minimize the risk to the Fund from adverse changes in the relationship between currencies. Forward foreign currency contracts are recorded at the forward rate and marked-to-market daily. When the contracts are closed, realized gains and losses arising from such transactions are recorded as realized gains or losses on forward foreign currency contracts. The Fund is subject to foreign currency risk and may be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably. The Funds maximum risk of loss from counterparty credit risk is the unrealized gains on the contracts. This risk may be mitigated if there is a master netting arrangement between the Fund and the counterparty.
Futures contracts
Futures contracts are agreements between the Fund and a counterparty to buy or sell a specific amount of a commodity, financial instrument or currency at a specified price and on a specified date. The Fund may buy and sell futures contracts in order to gain exposure to, or protect against, changes in interest rates and is subject to interest rate risk. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Fund and the prices of futures contracts, and the possibility of an illiquid market. Futures contracts are generally entered into on a regulated futures exchange and cleared through a clearinghouse associated with the exchange. With futures contracts, there is minimal counterparty risk to the Fund since futures contracts are exchange-traded and the exchange’s clearinghouse, as the counterparty to all exchange-traded futures, guarantees the futures contracts against default.
Upon entering into a futures contract, the Fund is required to deposit either cash or securities (initial margin) with the broker in an amount equal to a certain percentage of the contract value. Subsequent payments (variation margin) are paid to or received from the broker each day equal to the daily changes in the contract value. Such payments are recorded as unrealized gains or losses and, if any, shown as variation margin receivable (payable). Should the Fund fail to make requested variation margin payments, the broker can gain access to the initial margin to satisfy the Fund’s payment obligations. When the contracts are closed, a realized gain or loss is recorded.  
Swap contracts
Swap contracts are agreements between the Fund and a counterparty to exchange a series of cash flows over a specified period. Swap agreements are privately negotiated contracts between the Fund that are entered into as bilateral contracts in the over-the-counter market or centrally cleared (“centrally cleared swaps”) with a central clearinghouse.
The Fund entered into centrally cleared swaps. In a centrally cleared swap, immediately following execution of the swap contract, the swap contract is novated to a central counterparty (the “CCP”) and the Fund’s counterparty on the swap agreement becomes the CCP. Upon entering into a centrally cleared swap, the Fund is required to deposit an initial margin with the broker in the form of cash or securities. Securities deposited as initial margin are designated in the Portfolio of investments. Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in market value of the contract (“variation margin”). The variation margin is recorded as an unrealized gain (or loss) on centrally cleared swaps. Payments received from (paid to) the counterparty are recorded as realized gains (losses) when the contract is closed.
Credit default swaps
The Fund may enter into credit default swaps for hedging or speculative purposes to provide or receive a measure of protection against default on a referenced entity, obligation or index or a basket of single-name issuers or traded indexes. An index credit default swap references all the names in the index, and if a credit event is triggered, the credit event is settled based on that name’s weight in the index. Credit default swaps are agreements in which the protection buyer pays fixed periodic payments to the protection seller in consideration for a promise from the protection seller to make a specific payment should a negative credit event take place with respect to the referenced entity (e.g., bankruptcy, failure to pay, obligation acceleration, repudiation, moratorium or restructuring).
The Fund may enter into credit default swaps as either the seller of protection or the buyer of protection. If the Fund is the buyer of protection and a credit event occurs, the Fund will either receive from the seller an amount equal to the notional amount of the swap and deliver the referenced security or underlying securities comprising the index, or receive a net settlement of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the index. If the Fund is the seller of protection and a credit event occurs, the Fund will either pay the buyer an amount equal to the notional amount of the swap and take delivery of the referenced security or underlying securities comprising the index or pay a net settlement of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the index.
34 | Allspring Core Plus Bond Fund

Notes to portfolio of investments—May 31, 2026 (unaudited)
As the seller of protection, the Fund is subject to investment exposure on the notional amount of the swap and has assumed the risk of default of the underlying security or index. As the buyer of protection, the Fund could be exposed to risks if the seller of the protection defaults on its obligation to perform, or if there are unfavorable changes in the fluctuation of interest rates.
By entering into credit default swap contracts, the Fund is exposed to credit risk. In addition, certain credit default swap contracts entered into by the Fund provide for conditions that result in events of default or termination that enable the counterparty to the agreement to cause an early termination of the transactions under those agreements.
Mortgage dollar roll transactions
The Fund may engage in mortgage dollar roll transactions through To Be Announced (TBA) mortgage-backed securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). In a mortgage dollar roll transaction, the Fund sells a mortgage-backed security to a financial institution, such as a bank or broker-dealer and simultaneously agrees to repurchase a substantially similar security from the institution at a later date at an agreed upon price. The mortgage-backed securities that are repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different pre-payment histories. During the roll period, the Fund foregoes principal and interest paid on the securities. The Fund is compensated by the difference between the current sales price and the forward price for the future purchase as well as by the earnings on the cash proceeds of the initial sale. Mortgage dollar rolls may be renewed without physical delivery of the securities subject to the contract. The Fund accounts for TBA dollar roll transactions as purchases and sales which, as a result, may increase its portfolio turnover rate.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Fund’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 Fund’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 Fund’s own assumptions in determining the fair value of investments)
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.
Allspring Core Plus Bond Fund | 35

Notes to portfolio of investments—May 31, 2026 (unaudited)
The following is a summary of the inputs used in valuing the Fund’s assets and liabilities as of May 31, 2026:
 
Quoted prices
(Level 1)
Other significant
observable inputs
(Level 2)
Significant
unobservable inputs
(Level 3)
Total
Assets
Investments in:
Agency securities
$0
$3,058,238,086
$0
$3,058,238,086
Asset-backed securities
0
953,480,946
0
953,480,946
Common stocks
Financials
0
0
0
0
Health care
0
2,328,480
0
2,328,480
Corporate bonds and notes
0
2,424,757,299
0
2,424,757,299
Foreign corporate bonds and notes
0
186,182,916
0
186,182,916
Foreign government bonds
0
544,930,418
0
544,930,418
Investment companies
302,452,993
0
0
302,452,993
Loans
0
432,111
2,588,877
3,020,988
Municipal obligations
0
4,055,274
0
4,055,274
Non-agency mortgage-backed securities
0
585,649,667
0
585,649,667
U.S. Treasury securities
1,317,177,442
10,341,825
0
1,327,519,267
Yankee corporate bonds and notes
0
1,074,454,382
0
1,074,454,382
Yankee government bonds
0
166,333,430
0
166,333,430
Short-term investments
Investment companies
509,112,247
0
0
509,112,247
 
2,128,742,682
9,011,184,834
2,588,877
11,142,516,393
Forward foreign currency contracts
0
5,443,796
0
5,443,796
Futures contracts
4,731,720
0
0
4,731,720
Swap contracts
0
1,602,797
0
1,602,797
Total assets
$2,133,474,402
$9,018,231,427
$2,588,877
$11,154,294,706
Liabilities
Forward foreign currency contracts
$0
$4,531,916
$0
$4,531,916
Futures contracts
534,058
0
0
534,058
Total liabilities
$534,058
$4,531,916
$0
$5,065,974
Futures contracts, forward foreign currency contracts and swap contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the tables following the Portfolio of investments. All other assets and liabilities are reported at their market value at measurement date.
Additional sector, industry or geographic detail, if any, is included in the Portfolio of investments.
As of May 31, 2026, $35,321,000 was segregated as cash collateral for these open futures contracts and $3,553,617 was segregated as cash collateral for swap contracts. The Fund also had $3,900,000 segregated as cash collateral for open forward foreign currency contracts.
At May 31, 2026, the Fund did not have any transfers into/out of Level 3.
36 | Allspring Core Plus Bond Fund