Portfolio of investments—June 30, 2026 (unaudited)
Portfolio of investments
 
 
 
 
Shares
Value
Common stocks:  97.22%
 
Communication services:  1.94%
 
Diversified telecommunication services:  0.08%
 
Lumen Technologies, Inc.
 
18,996
$145,889
Entertainment:  0.52%
 
Cinemark Holdings, Inc.
 
6,577
208,688
Madison Square Garden Entertainment Corp. Class A
 
3,615
292,417
Sphere Entertainment Co.
 
2,625
454,204
 
 
955,309
Interactive media & services:  1.04%
 
CarGurus, Inc.
 
5,252
179,041
EverQuote, Inc. Class A
 
48,212
1,146,963
MediaAlpha, Inc. Class A
 
30,014
377,276
TripAdvisor, Inc.
 
7,430
101,865
Yelp, Inc. Class A
 
4,280
104,946
 
 
1,910,091
Media:  0.30%
 
Magnite, Inc.
 
28,867
547,896
Consumer discretionary:  8.65%
 
Automobile components:  1.21%
 
Adient PLC
 
7,833
143,970
Dauch Corp.
 
51,799
280,751
Garrett Motion, Inc.
 
23,505
851,586
Motorcar Parts of America, Inc.
 
24,973
382,586
Versigent PLC
 
13,363
561,380
 
 
2,220,273
Broadline retail:  0.33%
 
Kohls Corp.
 
34,175
605,581
Distributors:  0.51%
 
GigaCloud Technology, Inc. Class A
 
29,525
932,990
Diversified consumer services:  1.39%
 
American Public Education, Inc.
 
8,138
437,010
Covista, Inc.
 
2,624
327,108
Frontdoor, Inc.
 
6,696
519,543
Perdoceo Education Corp.
 
23,902
764,864
Stride, Inc.
 
6,039
520,803
 
 
2,569,328
Hotels, restaurants & leisure:  2.11%
 
Brightstar Lottery PLC
 
6,416
68,780
Brinker International, Inc.
 
7,900
1,327,200
Hilton Grand Vacations, Inc.
 
15,414
807,231
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 1

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Hotels, restaurants & leisure(continued)
 
Rush Street Interactive, Inc. Class A
 
20,238
$601,878
Super Group SGHC Ltd.
 
79,696
1,079,881
 
 
3,884,970
Household durables:  1.16%
 
Flexsteel Industries, Inc.
 
6,841
509,518
Hovnanian Enterprises, Inc. Class A
 
7,251
1,032,615
M/I Homes, Inc.
 
3,676
591,064
 
 
2,133,197
Specialty retail:  1.29%
 
Abercrombie & Fitch Co. Class A
 
9,627
866,526
Group 1 Automotive, Inc.
 
2,038
593,405
Urban Outfitters, Inc.
 
12,912
914,944
 
 
2,374,875
Textiles, apparel & luxury goods:  0.65%
 
Kontoor Brands, Inc.
 
12,854
1,071,252
Superior Group of Cos., Inc.
 
9,218
120,940
 
 
1,192,192
Consumer staples:  1.76%
 
Beverages:  0.21%
 
Vita Coco Co., Inc.
 
6,014
397,766
Consumer staples distribution & retail:  1.40%
 
Andersons, Inc.
 
13,429
918,544
Chefs Warehouse, Inc.
 
2,655
255,145
Sprouts Farmers Market, Inc.
 
2,552
215,848
United Natural Foods, Inc.
 
25,856
1,180,844
 
 
2,570,381
Household products:  0.04%
 
Central Garden & Pet Co.
 
1,560
69,170
Tobacco:  0.11%
 
Turning Point Brands, Inc.
 
2,317
196,505
Energy:  4.79%
 
Energy equipment & services:  1.19%
 
Bristow Group, Inc.
 
15,648
646,575
Helix Energy Solutions Group, Inc.
 
34,094
297,982
Helmerich & Payne, Inc.
 
14,639
479,281
Liberty Energy, Inc. Class A
 
16,812
440,306
Nabors Industries Ltd.
 
2,380
199,944
Seadrill Ltd.
 
3,312
125,260
 
 
2,189,348
Oil, gas & consumable fuels:  3.60%
 
California Resources Corp.
 
7,751
409,795
See accompanying notes to portfolio of investments
2 | Allspring Disciplined Small Cap Fund

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Oil, gas & consumable fuels(continued)
 
Centrus Energy Corp. Class A
 
2,289
$384,254
Clean Energy Fuels Corp.
 
90,552
185,632
Diversified Energy Co.
 
18,661
258,641
Excelerate Energy, Inc. Class A
 
2,736
103,941
International Seaways, Inc.
 
11,492
880,172
Murphy Oil Corp.
 
2,866
93,317
Par Pacific Holdings, Inc.
 
18,194
1,020,319
Peabody Energy Corp.
 
26,975
623,662
Riley Exploration Permian, Inc.
 
5,360
176,666
Scorpio Tankers, Inc.
 
12,560
869,906
SM Energy Co.
 
25,369
662,131
Teekay Tankers Ltd. Class A
 
10,769
698,585
Uranium Energy Corp.
 
23,058
245,798
 
 
6,612,819
Financials:  18.50%
 
Banks:  10.19%
 
1st Source Corp.
 
5,244
427,805
Amalgamated Financial Corp.
 
11,435
524,866
Ameris Bancorp
 
7,992
721,358
Axos Financial, Inc.
 
7,376
718,349
Bank of NT Butterfield & Son Ltd.
 
10,213
607,673
BankUnited, Inc.
 
6,189
299,857
Banner Corp.
 
8,022
532,982
Capital Bancorp, Inc.
 
7,663
269,125
Carter Bankshares, Inc.
 
17,327
589,291
Cathay General Bancorp
 
7,418
459,842
Central Pacific Financial Corp.
 
6,039
230,690
Civista Bancshares, Inc.
 
3,893
109,860
CNB Financial Corp.
 
10,606
357,528
Customers Bancorp, Inc.
 
7,656
605,590
Enterprise Financial Services Corp.
 
4,918
323,998
First BanCorp
 
34,750
905,932
First Financial Bancorp
 
21,060
712,460
First Financial Corp.
 
7,343
568,642
Firstsun Capital Bancorp
 
12,325
477,963
Hancock Whitney Corp.
 
8,800
657,536
Hanmi Financial Corp.
 
19,432
629,597
Hilltop Holdings, Inc.
 
12,646
490,412
International Bancshares Corp.
 
1,824
138,533
Mercantile Bank Corp.
 
5,774
331,543
Metropolitan Bank Holding Corp.
 
7,192
710,282
NB Bancorp, Inc.
 
20,359
430,186
Northeast Community Bancorp, Inc.
 
15,047
417,404
Northwest Bancshares, Inc.
 
32,865
498,233
OFG Bancorp
 
13,024
639,088
Origin Bancorp, Inc.
 
11,291
577,535
Pathward Financial, Inc.
 
7,520
654,691
Preferred Bank
 
4,475
475,513
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 3

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Banks(continued)
 
Republic Bancorp, Inc. Class A
 
2,439
$220,559
Texas Capital Bancshares, Inc.
 
3,055
315,459
UMB Financial Corp.
 
7,984
1,139,796
WSFS Financial Corp.
 
12,537
961,964
 
 
18,732,142
Capital markets:  1.62%
 
Acadian Asset Management, Inc.
 
2,290
163,781
Artisan Partners Asset Management, Inc. Class A
 
6,630
228,934
BGC Group, Inc. Class A
 
27,742
296,562
Marex Group PLC
 
13,706
835,381
StoneX Group, Inc.
 
10,552
1,250,412
Victory Capital Holdings, Inc. Class A
 
2,472
207,796
 
 
2,982,866
Consumer finance:  2.87%
 
Atlanticus Holdings Corp.
 
6,000
613,500
Bread Financial Holdings, Inc.
 
5,985
648,475
Enova International, Inc.
 
6,590
1,586,411
FirstCash Holdings, Inc.
 
1,989
430,260
LendingTree, Inc.
 
13,586
601,724
OppFi, Inc.
 
43,725
434,189
PROG Holdings, Inc.
 
14,182
661,023
Regional Management Corp.
 
7,325
301,790
 
 
5,277,372
Financial services:  1.61%
 
Essent Group Ltd.
 
6,853
440,511
Evertec, Inc.
 
8,757
243,269
Jackson Financial, Inc. Class A
 
5,873
601,337
MGIC Investment Corp.
 
6,663
187,897
NMI Holdings, Inc. Class A
 
8,174
335,870
Paysign, Inc.
 
45,522
372,825
Radian Group, Inc.
 
5,835
219,804
Sezzle, Inc.
 
3,289
564,491
 
 
2,966,004
Insurance:  2.21%
 
Hamilton Insurance Group Ltd. Class B
 
14,857
504,247
HCI Group, Inc.
 
2,705
474,051
Oscar Health, Inc. Class A
 
19,291
550,179
Palomar Holdings, Inc.
 
2,168
274,013
Slide Insurance Holdings, Inc.
 
51,981
1,006,872
Stewart Information Services Corp.
 
3,289
217,140
United Fire Group, Inc.
 
14,895
781,094
Universal Insurance Holdings, Inc.
 
6,071
251,097
 
 
4,058,693
See accompanying notes to portfolio of investments
4 | Allspring Disciplined Small Cap Fund

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Health care:  19.86%
 
Biotechnology:  9.40%
 
4D Molecular Therapeutics, Inc.
 
24,814
$330,026
ACADIA Pharmaceuticals, Inc.
 
12,785
323,461
ADMA Biologics, Inc.
 
16,814
140,733
Alkermes PLC
 
16,935
887,309
Arcturus Therapeutics Holdings, Inc.
 
18,508
124,374
Arcus Biosciences, Inc.
 
14,535
448,114
Arcutis Biotherapeutics, Inc.
 
4,663
122,264
Arrowhead Pharmaceuticals, Inc.
 
4,569
372,419
Beam Therapeutics, Inc.
 
12,295
421,964
CareDx, Inc.
 
14,575
415,388
CG oncology, Inc.
 
2,370
168,389
Cogent Biosciences, Inc.
 
8,210
317,727
CRISPR Therapeutics AG
 
14,962
816,028
Cytokinetics, Inc.
 
4,521
385,144
Dianthus Therapeutics, Inc.
 
2,880
280,742
Dyne Therapeutics, Inc.
 
3,156
70,095
Entrada Therapeutics, Inc.
 
62,625
460,920
GRAIL, Inc.
 
1,484
101,313
Ideaya Biosciences, Inc.
 
10,081
375,719
Intellia Therapeutics, Inc.
 
12,371
209,317
Ironwood Pharmaceuticals, Inc. Class A
 
54,526
229,554
Janux Therapeutics, Inc.
 
35,425
544,128
Kiniksa Pharmaceuticals International PLC Class A
 
11,795
754,290
Krystal Biotech, Inc.
 
1,613
599,504
Kura Oncology, Inc.
 
16,070
176,288
Lyell Immunopharma, Inc.
 
10,810
151,881
MacroGenics, Inc.
 
18,863
87,147
MiMedx Group, Inc.
 
45,773
176,226
Mirum Pharmaceuticals, Inc.
 
1,670
195,507
Monte Rosa Therapeutics, Inc.
 
20,770
502,634
Novavax, Inc.
 
17,765
167,346
Nurix Therapeutics, Inc.
 
9,268
224,842
Oruka Therapeutics, Inc.
 
2,559
243,540
Praxis Precision Medicines, Inc.
 
1,166
390,365
Protagonist Therapeutics, Inc.
 
4,314
528,810
PTC Therapeutics, Inc.
 
9,313
759,661
Puma Biotechnology, Inc.
 
11,781
95,544
Relay Therapeutics, Inc.
 
43,778
819,086
Spyre Therapeutics, Inc.
 
4,072
361,512
Stoke Therapeutics, Inc.
 
14,509
474,734
Syndax Pharmaceuticals, Inc.
 
13,400
292,924
Tango Therapeutics, Inc.
 
8,749
273,494
TG Therapeutics, Inc.
 
7,864
432,048
Twist Bioscience Corp.
 
3,092
318,105
Upstream Bio, Inc.
 
28,913
200,078
Vaxcyte, Inc.
 
4,064
236,240
Veracyte, Inc.
 
10,440
613,141
Vir Biotechnology, Inc.
 
35,463
361,368
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 5

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Biotechnology(continued)
 
Voyager Therapeutics, Inc.
 
47,541
$166,394
Zymeworks, Inc.
 
5,347
139,771
 
 
17,287,608
Health care equipment & supplies:  2.88%
 
Axogen, Inc.
 
14,956
690,818
Bioventus, Inc. Class A
 
55,234
521,409
Butterfly Network, Inc. Class A
 
116,090
977,478
Electromed, Inc.
 
5,504
232,819
Embecta Corp.
 
9,497
30,960
Glaukos Corp.
 
2,466
344,648
Lantheus Holdings, Inc.
 
5,735
636,241
LivaNova PLC
 
10,121
832,250
Omnicell, Inc.
 
2,740
113,765
QuidelOrtho Corp.
 
14,940
261,674
Tactile Systems Technology, Inc.
 
12,268
365,341
TransMedics Group, Inc.
 
4,414
293,178
 
 
5,300,581
Health care providers & services:  3.61%
 
Accendra Health, Inc.
 
66,549
227,598
Addus HomeCare Corp.
 
2,750
276,293
Alignment Healthcare, Inc.
 
33,031
786,468
AMN Healthcare Services, Inc.
 
25,013
809,671
Aveanna Healthcare Holdings, Inc.
 
87,548
750,286
Blueprint Medicines Corp.♦†
 
2,870
0
BrightSpring Health Services, Inc.
 
22,534
1,571,521
Clover Health Investments Corp. Class A
 
19,571
102,552
Concentra Group Holdings Parent, Inc.
 
5,949
176,983
Ensign Group, Inc.
 
2,649
424,635
Hims & Hers Health, Inc.
 
10,991
381,058
Nutex Health, Inc.
 
2,191
374,420
Oncology Institute, Inc.
 
34,336
186,444
Pediatrix Medical Group, Inc.
 
22,422
567,949
 
 
6,635,878
Life sciences tools & services:  0.49%
 
10X Genomics, Inc. Class A
 
9,841
377,304
Fortrea Holdings, Inc.
 
29,641
515,753
 
 
893,057
Pharmaceuticals:  3.48%
 
Amneal Pharmaceuticals, Inc.
 
46,193
799,601
ANI Pharmaceuticals, Inc.
 
8,131
673,084
Collegium Pharmaceutical, Inc.
 
6,237
225,779
Contineum Therapeutics, Inc. Class A
 
13,159
215,676
Corcept Therapeutics, Inc.
 
4,570
397,361
Harmony Biosciences Holdings, Inc.
 
15,963
581,213
Indivior Pharmaceuticals, Inc.
 
22,681
930,601
See accompanying notes to portfolio of investments
6 | Allspring Disciplined Small Cap Fund

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Pharmaceuticals(continued)
 
Liquidia Corp.
 
9,142
$728,892
Nektar Therapeutics Class A
 
2,001
139,690
Pacira BioSciences, Inc.
 
7,416
188,144
Phibro Animal Health Corp. Class A
 
22,954
720,756
Rapport Therapeutics, Inc.
 
4,744
197,682
Supernus Pharmaceuticals, Inc.
 
4,266
198,412
Theravance Biopharma, Inc.
 
7,117
120,989
Zevra Therapeutics, Inc.
 
19,932
285,825
 
 
6,403,705
Industrials:  14.94%
 
Aerospace & defense:  1.84%
 
AAR Corp.
 
6,736
962,776
Innovative Solutions & Support, Inc.
 
36,216
651,888
Kratos Defense & Security Solutions, Inc.
 
1,450
72,297
Moog, Inc. Class A
 
634
268,715
Red Cat Holdings, Inc.
 
9,510
101,282
V2X, Inc.
 
13,559
1,010,959
VSE Corp.
 
1,353
309,160
 
 
3,377,077
Building products:  0.48%
 
Janus International Group, Inc.
 
14,528
80,630
Modine Manufacturing Co.
 
2,081
555,669
Quanex Building Products Corp.
 
7,971
148,420
Resideo Technologies, Inc.
 
3,392
105,491
 
 
890,210
Commercial services & supplies:  1.54%
 
Brinks Co.
 
2,481
234,430
Cimpress PLC
 
9,392
955,166
Healthcare Services Group, Inc.
 
13,362
328,171
Interface, Inc. Class A
 
19,922
714,004
Quad/Graphics, Inc.
 
71,634
603,875
 
 
2,835,646
Construction & engineering:  2.93%
 
Ameresco, Inc. Class A
 
13,413
370,199
Argan, Inc.
 
1,446
1,154,703
IES Holdings, Inc.
 
468
343,821
Legence Corp. Class A
 
1,769
150,772
Matrix Service Co.
 
11,512
157,714
MYR Group, Inc.
 
2,929
1,465,672
Primoris Services Corp.
 
5,338
529,103
Sterling Infrastructure, Inc.
 
639
536,351
Tutor Perini Corp.
 
8,324
690,642
 
 
5,398,977
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 7

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Electrical equipment:  2.73%
 
Allient, Inc.
 
2,632
$270,912
American Superconductor Corp.
 
18,863
783,003
Amprius Technologies, Inc.
 
41,165
570,547
Array Technologies, Inc.
 
47,139
349,300
EnerSys
 
5,004
1,170,035
Eos Energy Enterprises, Inc.
 
10,941
64,333
NANO Nuclear Energy, Inc.
 
1,839
38,877
Nextpower, Inc. Class A
 
2,999
357,301
NuScale Power Corp.
 
6,878
68,986
Powell Industries, Inc.
 
3,274
937,543
Power Solutions International, Inc.
 
5,209
202,578
Vicor Corp.
 
530
201,283
 
 
5,014,698
Machinery:  2.34%
 
Blue Bird Corp.
 
12,107
955,969
CECO Environmental Corp.
 
4,622
419,400
Columbus McKinnon Corp.
 
56,737
858,431
JBT Marel Corp.
 
1,444
209,380
Microvast Holdings, Inc.
 
37,348
43,697
Mueller Industries, Inc.
 
3,762
462,462
Mueller Water Products, Inc. Class A
 
6,353
164,098
Park-Ohio Holdings Corp.
 
9,878
379,809
SPX Technologies, Inc.
 
1,070
262,332
Terex Corp.
 
7,461
540,102
 
 
4,295,680
Marine transportation:  0.45%
 
Costamare, Inc.
 
18,525
259,720
Matson, Inc.
 
2,955
568,040
 
 
827,760
Passenger airlines:  0.62%
 
SkyWest, Inc.
 
11,431
1,135,441
Professional services:  1.12%
 
IBEX Holdings Ltd.
 
18,438
559,962
Innodata, Inc.
 
3,644
275,414
TriNet Group, Inc.
 
11,162
552,407
Upwork, Inc.
 
25,990
217,276
Willdan Group, Inc.
 
5,789
457,910
 
 
2,062,969
Trading companies & distributors:  0.89%
 
Alta Equipment Group, Inc.
 
6,427
41,583
DXP Enterprises, Inc.
 
4,961
837,119
Herc Holdings, Inc.
 
2,486
356,343
Rush Enterprises, Inc. Class A
 
5,635
411,271
 
 
1,646,316
See accompanying notes to portfolio of investments
8 | Allspring Disciplined Small Cap Fund

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Information technology:  14.88%
 
Communications equipment:  0.94%
 
Applied Optoelectronics, Inc.
 
843
$124,899
Extreme Networks, Inc.
 
5,678
183,797
NetScout Systems, Inc.
 
17,515
762,778
Viasat, Inc.
 
7,325
657,858
 
 
1,729,332
Electronic equipment, instruments & components:  3.03%
 
Advanced Energy Industries, Inc.
 
1,350
503,374
Arlo Technologies, Inc.
 
41,954
565,540
Bel Fuse, Inc. Class A
 
1,678
488,684
Bel Fuse, Inc. Class B
 
850
283,084
Fabrinet
 
871
489,572
nLight, Inc.
 
10,192
709,567
Ouster, Inc.
 
4,952
309,599
Sanmina Corp.
 
3,894
985,494
TTM Technologies, Inc.
 
2,110
394,612
Vishay Intertechnology, Inc.
 
15,699
844,292
 
 
5,573,818
IT services:  0.21%
 
Applied Digital Corp.
 
10,406
388,144
Semiconductors & semiconductor equipment:  5.70%
 
ACM Research, Inc. Class A
 
9,858
1,250,882
Amkor Technology, Inc.
 
2,924
252,137
Axcelis Technologies, Inc.
 
3,017
571,571
Diodes, Inc.
 
2,187
239,345
FormFactor, Inc.
 
2,267
362,561
Ichor Holdings Ltd.
 
6,911
775,967
MaxLinear, Inc.
 
7,390
946,142
Onto Innovation, Inc.
 
2,247
850,377
Penguin Solutions, Inc.
 
17,451
1,326,450
Photronics, Inc.
 
11,517
374,648
Rambus, Inc.
 
4,733
628,258
Rigetti Computing, Inc.
 
17,972
347,219
Semtech Corp.
 
2,167
350,729
SiTime Corp.
 
704
524,874
Ultra Clean Holdings, Inc.
 
11,762
1,677,144
 
 
10,478,304
Software:  4.83%
 
8x8, Inc.
 
61,903
105,854
A10 Networks, Inc.
 
38,171
1,426,069
ACI Worldwide, Inc.
 
4,879
245,365
Amplitude, Inc. Class A
 
29,751
227,595
Clear Secure, Inc. Class A
 
14,268
795,156
Commvault Systems, Inc.
 
2,368
335,617
Consensus Cloud Solutions, Inc.
 
9,826
374,862
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 9

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Software(continued)
 
Daily Journal Corp.
 
908
$545,880
D-Wave Quantum, Inc.
 
16,433
394,228
Five9, Inc.
 
20,725
441,857
Freshworks, Inc. Class A
 
83,204
842,024
Hut 8 Corp.
 
5,163
596,042
Intapp, Inc.
 
6,834
172,285
InterDigital, Inc.
 
2,066
584,947
Pagaya Technologies Ltd. Class A
 
10,834
197,720
Qualys, Inc.
 
2,407
330,938
SoundHound AI, Inc. Class A
 
12,145
78,578
Sprinklr, Inc. Class A
 
34,516
178,103
SPS Commerce, Inc.
 
2,913
166,536
Tenable Holdings, Inc.
 
3,376
124,507
Terawulf, Inc.
 
17,074
421,728
Workiva, Inc. Class A
 
2,543
123,361
Zeta Global Holdings Corp. Class A
 
8,829
173,755
 
 
8,883,007
Technology hardware, storage & peripherals:  0.17%
 
Diebold Nixdorf, Inc.
 
3,015
256,336
Quantum Computing, Inc.
 
6,943
67,347
 
 
323,683
Materials:  4.01%
 
Chemicals:  0.89%
 
HB Fuller Co.
 
5,775
336,625
Koppers Holdings, Inc.
 
9,467
425,068
Mativ Holdings, Inc.
 
9,164
69,371
Perimeter Solutions, Inc.
 
22,354
796,920
 
 
1,627,984
Containers & packaging:  0.31%
 
Ardagh Metal Packaging SA
 
43,677
207,029
O-I Glass, Inc.
 
37,498
361,106
 
 
568,135
Metals & mining:  2.56%
 
Century Aluminum Co.
 
18,307
842,305
Coeur Mining, Inc.
 
25,276
412,505
Commercial Metals Co.
 
6,103
382,963
Constellium SE Class A
 
40,346
1,285,827
Ryerson Holding Corp.
 
10,837
266,699
SSR Mining, Inc.
 
39,336
1,112,422
SunCoke Energy, Inc.
 
27,426
220,779
USA Rare Earth, Inc.
 
8,935
192,817
 
 
4,716,317
See accompanying notes to portfolio of investments
10 | Allspring Disciplined Small Cap Fund

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Paper & forest products:  0.25%
 
Clearwater Paper Corp.
 
10,135
$158,917
Sylvamo Corp.
 
8,068
304,970
 
 
463,887
Real estate:  5.64%
 
Diversified REITs:  0.66%
 
Broadstone Net Lease, Inc.
 
30,661
633,763
CTO Realty Growth, Inc.
 
7,202
154,915
Essential Properties Realty Trust, Inc.
 
14,353
428,437
 
 
1,217,115
Health care REITs:  0.89%
 
CareTrust REIT, Inc.
 
30,876
1,245,847
National Health Investors, Inc.
 
1,916
146,114
Sabra Health Care REIT, Inc.
 
12,163
237,300
 
 
1,629,261
Hotel & resort REITs:  1.78%
 
Apple Hospitality REIT, Inc.
 
27,113
455,769
Chatham Lodging Trust
 
44,359
586,870
DiamondRock Hospitality Co.
 
71,893
875,657
Ryman Hospitality Properties, Inc.
 
3,984
512,143
Xenia Hotels & Resorts, Inc.
 
41,537
845,693
 
 
3,276,132
Industrial REITs:  0.39%
 
Industrial Logistics Properties Trust
 
64,073
568,328
LXP Industrial Trust
 
2,922
157,437
 
 
725,765
Office REITs:  0.34%
 
Postal Realty Trust, Inc. Class A
 
24,998
615,951
Real estate management & development:  0.78%
 
Compass, Inc. Class A
 
74,886
923,344
Newmark Group, Inc. Class A
 
34,001
513,755
 
 
1,437,099
Retail REITs:  0.80%
 
CBL & Associates Properties, Inc.
 
15,986
848,697
Getty Realty Corp.
 
10,709
357,252
Urban Edge Properties
 
11,384
260,466
 
 
1,466,415
Utilities:  2.25%
 
Electric utilities:  0.76%
 
Otter Tail Corp.
 
5,166
464,837
Portland General Electric Co.
 
17,945
930,089
 
 
1,394,926
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 11

Portfolio of investments—June 30, 2026 (unaudited)
 
 
 
 
Shares
Value
Gas utilities:  0.32%
 
New Jersey Resources Corp.
 
5,550
$311,022
Southwest Gas Holdings, Inc.
 
3,173
281,382
 
 
592,404
Independent power and renewable electricity producers:  0.22%
 
Clearway Energy, Inc. Class C
 
11,777
402,538
Multi-utilities:  0.43%
 
Avista Corp.
 
19,220
786,290
Water utilities:  0.52%
 
California Water Service Group
 
13,376
650,742
Consolidated Water Co. Ltd.
 
10,755
317,273
 
 
968,015
Total common stocks (Cost $140,488,298)
 
178,795,782
 
 
 
Expiration
date
 
 
Rights:  0.00%
 
Financials:  0.00%
 
Financial services:  0.00%
 
OmniAb, Inc. $15.00 Earnout shares♦†
11-2-2027
 
103
0
Health care:  0.00%
 
Biotechnology:  0.00%
 
Aduro Biotech, Inc.♦†
10-2-2030
 
4,415
0
Life sciences tools & services:  0.00%
 
OmniAb, Inc. $12.50 Earnout shares♦†
11-2-2027
 
103
0
Total rights (Cost $0)
 
0
 
 
Yield
 
 
 
Short-term investments:  2.40%
 
Investment companies:  2.40%
 
Allspring Government Money Market Fund Select Class♠∞
3.57
%
 
4,416,794
4,416,794
Total short-term investments (Cost $4,416,794)
 
4,416,794
Total investments in securities (Cost $144,905,092)
99.62
%
 
183,212,576
Other assets and liabilities, net
0.38
 
707,743
Total net assets
100.00
%
 
$183,920,319
Non-income-earning security
The security is fair valued in accordance with procedures approved by Allspring Funds Management, LLC.
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.
Abbreviations:
REIT
Real estate investment trust
See accompanying notes to portfolio of investments
12 | Allspring Disciplined Small Cap Fund

Portfolio of investments—June 30, 2026 (unaudited)
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
$4,316,982
$12,979,052
$(12,879,240
)
$0
$0
$4,416,794
4,416,794
$33,856
Futures contracts
Description
Number of
contracts
Expiration
date
Notional
cost
Notional
value
Unrealized
gains
Unrealized
losses
Long
E-Mini Russell 2000 Index
28
9-18-2026
$4,196,430
$4,263,840
$67,410
$0
See accompanying notes to portfolio of investments
Allspring Disciplined Small Cap Fund | 13

Notes to portfolio of investments—June 30, 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.
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.
Investments in registered open-end investment companies (other than those listed on a foreign or domestic exchange or market) are valued at net asset value.
Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, LLC (“Allspring Funds Management”), which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Managements process for determining the fair value of the portfolio of investments.
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 security values and is subject to equity price 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.  
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.
14 | Allspring Disciplined Small Cap Fund

Notes to portfolio of investments—June 30, 2026 (unaudited)
The following is a summary of the inputs used in valuing the Fund’s assets and liabilities as of June 30, 2026:
 
Quoted prices
(Level 1)
Other significant
observable inputs
(Level 2)
Significant
unobservable inputs
(Level 3)
Total
Assets
Investments in:
Common stocks
Communication services
$3,559,185
$0
$0
$3,559,185
Consumer discretionary
15,913,406
0
0
15,913,406
Consumer staples
3,233,822
0
0
3,233,822
Energy
8,802,167
0
0
8,802,167
Financials
34,017,077
0
0
34,017,077
Health care
36,520,829
0
0
36,520,829
Industrials
27,484,774
0
0
27,484,774
Information technology
27,376,288
0
0
27,376,288
Materials
7,376,323
0
0
7,376,323
Real estate
10,367,738
0
0
10,367,738
Utilities
4,144,173
0
0
4,144,173
Rights
Financials
0
0
0
0
Health care
0
0
0
0
Short-term investments
Investment companies
4,416,794
0
0
4,416,794
 
183,212,576
0
0
183,212,576
Futures contracts
67,410
0
0
67,410
Total assets
$183,279,986
$0
$0
$183,279,986
Futures contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the table 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 June 30, 2026, $489,614 was segregated as cash collateral for these open futures contracts.
At June 30, 2026, the Fund did not have any transfers into/out of Level 3.
Allspring Disciplined Small Cap Fund | 15