Portfolio of investments—July 31, 2026 (unaudited)
Portfolio of investments
 
 
 
Shares
Value
Common stocks:  98.39%
 
Australia:  5.44%
 
ANZ Group Holdings Ltd. (Financials, Banks)
 
59,933
$1,566,353
Aristocrat Leisure Ltd. (Consumer discretionary, Hotels, restaurants & leisure)
 
12,654
568,734
BHP Group Ltd. (Materials, Metals & mining)
 
58,650
2,472,130
BlueScope Steel Ltd. (Materials, Metals & mining)
 
83,379
1,912,403
Commonwealth Bank of Australia (Financials, Banks)
 
6,096
762,029
Computershare Ltd. (Industrials, Professional services)
 
11,987
344,423
Dexus (Real estate, Office REITs)
 
71,832
301,668
Fortescue Ltd. (Materials, Metals & mining)
 
33,314
432,291
GPT Group (Real estate, Diversified REITs)
 
87,573
315,428
Insurance Australia Group Ltd. (Financials, Insurance)
 
85,090
506,982
Lottery Corp. Ltd. (Consumer discretionary, Hotels, restaurants & leisure)
 
82,036
321,416
Medibank Pvt Ltd. (Financials, Insurance)
 
164,602
596,640
Northern Star Resources Ltd. (Materials, Metals & mining)
 
53,782
745,354
Qantas Airways Ltd. (Industrials, Passenger airlines)
 
67,897
472,496
QBE Insurance Group Ltd. (Financials, Insurance)
 
140,566
2,438,084
Suncorp Group Ltd. (Financials, Insurance)
 
64,273
864,777
Wesfarmers Ltd. (Consumer discretionary, Broadline retail)
 
10,243
641,574
Westpac Banking Corp. (Financials, Banks)
 
45,184
1,198,156
 
 
16,460,938
Austria:  0.79%
 
Erste Group Bank AG (Financials, Banks)
 
8,380
1,095,460
Raiffeisen Bank International AG (Financials, Banks)
 
15,064
1,034,272
Verbund AG (Utilities, Electric utilities)
 
3,879
266,251
 
 
2,395,983
Denmark:  3.22%
 
AP Moller - Maersk AS Class B (Industrials, Marine transportation)
 
890
2,389,764
Carlsberg AS Class B (Consumer staples, Beverages)
 
3,036
447,065
Coloplast AS Class B (Health care, Health care equipment & supplies)
 
12,283
812,271
Danske Bank AS (Financials, Banks)
 
25,081
1,443,403
Genmab AS (Health care, Biotechnology)
 
4,896
1,409,257
Novo Nordisk AS Class B (Health care, Pharmaceuticals)
 
28,228
1,335,229
Pandora AS (Consumer discretionary, Textiles, apparel & luxury goods)
 
6,107
764,771
Vestas Wind Systems AS (Industrials, Electrical equipment)
 
42,574
1,145,984
 
 
9,747,744
Finland:  0.76%
 
Fortum Oyj (Utilities, Electric utilities)
 
31,131
707,725
Nokia Oyj (Information technology, Communications equipment)
 
65,834
608,499
Wartsila Oyj Abp (Industrials, Machinery)
 
28,589
969,518
 
 
2,285,742
France:  11.72%
 
Air Liquide SA (Materials, Chemicals)
 
5,278
1,039,811
AXA SA (Financials, Insurance)
 
13,853
717,995
BNP Paribas SA (Financials, Banks)
 
30,315
3,852,085
Bouygues SA (Industrials, Construction & engineering)
 
9,695
546,117
See accompanying notes to portfolio of investments
Allspring Disciplined International Developed Markets Portfolio | 1

Portfolio of investments—July 31, 2026 (unaudited)
 
 
 
Shares
Value
France(continued)
 
Capgemini SE (Information technology, IT services)
 
1,977
$234,988
Carrefour SA (Consumer staples, Consumer staples distribution & retail)
 
18,932
347,440
Cie de Saint-Gobain SA (Industrials, Building products)
 
7,211
677,741
Credit Agricole SA (Financials, Banks)
 
67,210
1,501,838
Dassault Aviation SA (Industrials, Aerospace & defense)
 
3,854
1,331,363
Edenred SE (Financials, Financial services)
 
6,186
203,673
Eiffage SA (Industrials, Construction & engineering)
 
18,469
2,624,991
Engie SA (Utilities, Multi-utilities)
 
100,435
3,130,670
EssilorLuxottica SA (Health care, Health care equipment & supplies)
 
2,307
436,765
Getlink SE (Industrials, Transportation infrastructure)
 
62,927
1,342,405
Ipsen SA (Health care, Pharmaceuticals)
 
13,207
2,551,928
LOreal SA (Consumer staples, Personal care products)
 
1,512
673,437
Louis Hachette Group (Communication services, Media)
 
39,681
80,635
Publicis Groupe SA (Communication services, Media)
 
18,334
1,956,797
Safran SA (Industrials, Aerospace & defense)
 
6,251
2,456,526
Sanofi SA (Health care, Pharmaceuticals)
 
13,984
1,204,185
Schneider Electric SE (Industrials, Electrical equipment)
 
7,261
2,439,589
Societe Generale SA (Financials, Banks)
 
11,490
1,080,021
TotalEnergies SE (Energy, Oil, gas & consumable fuels)
 
28,236
2,489,299
Vinci SA (Industrials, Construction & engineering)
 
17,734
2,503,912
 
 
35,424,211
Germany:  6.89%
 
adidas AG (Consumer discretionary, Textiles, apparel & luxury goods)
 
4,959
917,529
Allianz SE (Financials, Insurance)
 
6,941
3,457,325
Bayer AG (Health care, Pharmaceuticals)
 
12,170
675,383
Deutsche Bank AG (Financials, Capital markets)
 
39,506
1,454,057
Deutsche Post AG (Industrials, Air freight & logistics)
 
8,022
535,884
Deutsche Telekom AG (Communication services, Diversified telecommunication
services)
 
57,827
1,784,598
E.ON SE (Utilities, Multi-utilities)
 
16,757
361,000
Fresenius Medical Care AG (Health care, Health care providers & services)
 
5,058
259,586
Henkel AG & Co. KGaA (Consumer staples, Household products)
 
6,547
536,463
HOCHTIEF AG (Industrials, Construction & engineering)
 
3,526
1,807,161
Infineon Technologies AG (Information technology, Semiconductors & semiconductor
equipment)
 
16,967
1,217,612
Mercedes-Benz Group AG (Consumer discretionary, Automobiles)
 
7,363
398,111
RWE AG (Utilities, Independent power and renewable electricity producers)
 
8,403
552,774
SAP SE (Information technology, Software)
 
13,957
2,558,250
Siemens AG (Industrials, Industrial conglomerates)
 
9,939
3,256,477
Talanx AG (Financials, Insurance)
 
8,010
1,064,646
 
 
20,836,856
Hong Kong:  2.20%
 
BOC Hong Kong Holdings Ltd. (Financials, Banks)
 
309,500
2,058,194
CK Infrastructure Holdings Ltd. (Utilities, Electric utilities)
 
45,500
362,933
Futu Holdings Ltd. ADR (Financials, Capital markets)
 
8,579
901,824
Hong Kong Exchanges & Clearing Ltd. (Financials, Capital markets)
 
15,600
812,804
Power Assets Holdings Ltd. (Utilities, Electric utilities)
 
58,500
440,414
See accompanying notes to portfolio of investments
2 | Allspring Disciplined International Developed Markets Portfolio

Portfolio of investments—July 31, 2026 (unaudited)
 
 
 
Shares
Value
Hong Kong(continued)
 
Techtronic Industries Co. Ltd. (Industrials, Machinery)
 
16,500
$277,199
WH Group Ltd. (Consumer staples, Food products)144A
 
1,684,000
1,811,930
 
 
6,665,298
Indonesia:  0.23%
 
Jardine Matheson Holdings Ltd. (Industrials, Industrial conglomerates)
 
10,300
684,074
Ireland:  0.12%
 
DCC Energy PLC (Energy, Oil, gas & consumable fuels)
 
4,137
353,737
Israel:  1.08%
 
Global-e Online Ltd. (Consumer discretionary, Broadline retail)
 
33,919
1,333,356
Israel Discount Bank Ltd. Class A (Financials, Banks)
 
43,845
457,588
Mizrahi Tefahot Bank Ltd. (Financials, Banks)
 
11,889
884,756
Teva Pharmaceutical Industries Ltd. ADR (Health care, Pharmaceuticals)
 
16,560
579,766
 
 
3,255,466
Italy:  3.44%
 
Banca Mediolanum SpA (Financials, Financial services)
 
38,051
1,019,575
Enel SpA (Utilities, Electric utilities)
 
229,998
2,597,459
Generali (Financials, Insurance)
 
21,482
1,088,687
Intesa Sanpaolo SpA (Financials, Banks)
 
233,696
1,766,579
Leonardo SpA (Industrials, Aerospace & defense)
 
6,626
422,305
Poste Italiane SpA (Financials, Financial services)
 
14,663
443,593
Prysmian SpA (Industrials, Electrical equipment)
 
4,915
678,237
Snam SpA (Utilities, Gas utilities)
 
65,642
445,106
UniCredit SpA (Financials, Banks)
 
20,460
1,929,620
 
 
10,391,161
Japan:  23.32%
 
Advantest Corp. (Information technology, Semiconductors & semiconductor
equipment)
 
12,800
2,529,049
Aisin Corp. (Consumer discretionary, Automobile components)
 
72,500
999,536
Asahi Kasei Corp. (Materials, Chemicals)
 
30,600
326,653
Astellas Pharma, Inc. (Health care, Pharmaceuticals)
 
170,900
2,347,278
Bandai Namco Holdings, Inc. (Consumer discretionary, Leisure products)
 
22,600
654,704
Bridgestone Corp. (Consumer discretionary, Automobile components)
 
72,600
1,792,887
Brother Industries Ltd. (Information technology, Technology hardware, storage &
peripherals)
 
17,100
425,845
Central Japan Railway Co. (Industrials, Ground transportation)
 
25,400
632,075
Dai Nippon Printing Co. Ltd. (Industrials, Commercial services & supplies)
 
20,100
364,458
Daifuku Co. Ltd. (Industrials, Machinery)
 
9,300
342,577
Daiichi Life Group, Inc. (Financials, Insurance)
 
103,500
1,247,937
Daito Trust Construction Co. Ltd. (Real estate, Real estate management &
development)
 
117,000
2,477,439
Daiwa House Industry Co. Ltd. (Real estate, Real estate management & development)
 
18,200
534,471
Daiwa Securities Group, Inc. (Financials, Capital markets)
 
56,100
627,570
Disco Corp. (Information technology, Semiconductors & semiconductor equipment)
 
1,200
428,921
ENEOS Holdings, Inc. (Energy, Oil, gas & consumable fuels)
 
172,900
1,427,899
Fujikura Ltd. (Industrials, Electrical equipment)
 
22,100
560,817
See accompanying notes to portfolio of investments
Allspring Disciplined International Developed Markets Portfolio | 3

Portfolio of investments—July 31, 2026 (unaudited)
 
 
 
Shares
Value
Japan(continued)
 
Hitachi Ltd. (Industrials, Industrial conglomerates)
 
30,200
$989,670
Hoya Corp. (Health care, Health care equipment & supplies)
 
7,500
1,146,877
Hulic Co. Ltd. (Real estate, Real estate management & development)
 
34,300
377,120
Inpex Corp. (Energy, Oil, gas & consumable fuels)
 
77,800
1,793,186
Isuzu Motors Ltd. (Consumer discretionary, Automobiles)
 
23,600
352,101
ITOCHU Corp. (Industrials, Trading companies & distributors)
 
83,400
1,046,638
Kansai Electric Power Co., Inc. (Utilities, Electric utilities)
 
22,000
333,179
Kawasaki Heavy Industries Ltd. (Industrials, Machinery)
 
28,100
480,079
Kioxia Holdings Corp. (Information technology, Semiconductors & semiconductor
equipment)
 
4,300
1,198,566
Komatsu Ltd. (Industrials, Machinery)
 
12,100
525,022
Konami Group Corp. (Communication services, Entertainment)
 
3,100
399,341
Lasertec Corp. (Information technology, Semiconductors & semiconductor
equipment)
 
7,500
1,722,991
LY Corp. (Communication services, Interactive media & services)
 
87,200
242,960
Makita Corp. (Industrials, Machinery)
 
18,400
592,671
Marubeni Corp. (Industrials, Trading companies & distributors)
 
20,600
665,806
MatsukiyoCocokara & Co. (Consumer staples, Consumer staples distribution & retail)
 
84,400
1,344,469
Mitsubishi Corp. (Industrials, Trading companies & distributors)
 
39,200
1,171,797
Mitsubishi Electric Corp. (Industrials, Electrical equipment)
 
19,800
713,257
Mitsubishi UFJ Financial Group, Inc. (Financials, Banks)
 
81,300
1,815,957
Mitsui & Co. Ltd. (Industrials, Trading companies & distributors)
 
35,200
1,080,087
MS&AD Insurance Group Holdings, Inc. (Financials, Insurance)
 
30,300
932,742
Murata Manufacturing Co. Ltd. (Information technology, Electronic equipment,
instruments & components)
 
31,200
1,421,607
NEC Corp. (Information technology, IT services)
 
12,000
356,624
Nexon Co. Ltd. (Communication services, Entertainment)
 
35,900
562,641
Nitto Denko Corp. (Materials, Chemicals)
 
121,600
2,567,755
Nomura Holdings, Inc. (Financials, Capital markets)
 
35,000
338,607
Olympus Corp. (Health care, Health care equipment & supplies)
 
18,600
212,586
Oracle Corp. Japan (Information technology, Software)
 
10,000
561,836
ORIX Corp. (Financials, Financial services)
 
19,100
770,863
Otsuka Holdings Co. Ltd. (Health care, Pharmaceuticals)
 
30,300
2,100,984
Recruit Holdings Co. Ltd. (Industrials, Professional services)
 
16,000
1,265,293
Renesas Electronics Corp. (Information technology, Semiconductors & semiconductor
equipment)
 
43,200
865,890
SBI Holdings, Inc. (Financials, Capital markets)
 
26,900
507,826
SCREEN Holdings Co. Ltd. (Information technology, Semiconductors & semiconductor
equipment)
 
25,300
1,930,001
Sekisui Chemical Co. Ltd. (Industrials, Industrial conglomerates)
 
14,300
238,001
Sekisui House Ltd. (Consumer discretionary, Household durables)
 
13,700
299,924
Seven & i Holdings Co. Ltd. (Consumer staples, Consumer staples distribution & retail)
 
16,900
224,096
Shionogi & Co. Ltd. (Health care, Pharmaceuticals)
 
15,500
280,260
SoftBank Group Corp. (Communication services, Wireless telecommunication
services)
 
27,000
840,982
Sompo Holdings, Inc. (Financials, Insurance)
 
22,900
1,016,682
Sony Group Corp. (Consumer discretionary, Household durables)
 
133,600
3,122,080
Subaru Corp. (Consumer discretionary, Automobiles)
 
8,300
141,286
Sumitomo Corp. (Industrials, Trading companies & distributors)
 
124,000
1,287,115
See accompanying notes to portfolio of investments
4 | Allspring Disciplined International Developed Markets Portfolio

Portfolio of investments—July 31, 2026 (unaudited)
 
 
 
Shares
Value
Japan(continued)
 
Sumitomo Electric Industries Ltd. (Consumer discretionary, Automobile components)
 
159,100
$2,105,703
Sumitomo Mitsui Financial Group, Inc. (Financials, Banks)
 
24,900
1,069,926
Suzuki Motor Corp. (Consumer discretionary, Automobiles)
 
27,700
361,583
T&D Holdings, Inc. (Financials, Insurance)
 
36,600
1,153,479
Tokio Marine Holdings, Inc. (Financials, Insurance)
 
29,500
1,503,507
Tokyo Electron Ltd. (Information technology, Semiconductors & semiconductor
equipment)
 
5,600
1,872,288
Toyota Motor Corp. (Consumer discretionary, Automobiles)
 
107,800
2,040,079
Toyota Tsusho Corp. (Industrials, Trading companies & distributors)
 
18,600
771,999
Yokogawa Electric Corp. (Information technology, Electronic equipment, instruments
& components)
 
58,300
2,079,252
 
 
70,515,387
Luxembourg:  0.93%
 
ArcelorMittal SA (Materials, Metals & mining)
 
19,648
1,387,882
Eurofins Scientific SE (Health care, Life sciences tools & services)
 
5,343
421,353
Spotify Technology SA (Communication services, Entertainment)
 
1,654
826,901
Tenaris SA (Energy, Energy equipment & services)
 
6,408
183,843
 
 
2,819,979
Netherlands:  7.26%
 
ABN AMRO Bank NV GDR (Financials, Banks)
 
20,092
908,912
Airbus SE (Industrials, Aerospace & defense)
 
5,256
1,233,891
ASM International NV (Information technology, Semiconductors & semiconductor
equipment)
 
943
873,358
ASML Holding NV (Information technology, Semiconductors & semiconductor
equipment)
 
5,188
8,549,538
ASR Nederland NV (Financials, Insurance)
 
4,479
366,189
BE Semiconductor Industries NV (Information technology, Semiconductors &
semiconductor equipment)
 
2,473
567,105
Euronext NV (Financials, Capital markets)144A
 
2,079
380,137
Ferrari NV (Consumer discretionary, Automobiles)
 
1,405
552,436
Havas NV (Communication services, Media)
 
3,967
84,944
Koninklijke Ahold Delhaize NV (Consumer staples, Consumer staples distribution &
retail)
 
11,339
449,276
Koninklijke KPN NV (Communication services, Diversified telecommunication
services)
 
57,255
270,349
Koninklijke Philips NV (Health care, Health care equipment & supplies)
 
29,546
778,473
Nebius Group NV Class A (Information technology, Software)
 
2,721
518,106
NN Group NV (Financials, Insurance)
 
26,512
2,499,051
Prosus NV (Consumer discretionary, Broadline retail)
 
74,951
3,483,183
STMicroelectronics NV (Information technology, Semiconductors & semiconductor
equipment)
 
8,360
446,578
 
 
21,961,526
New Zealand:  0.08%
 
Fisher & Paykel Healthcare Corp. Ltd. Class C (Health care, Health care equipment &
supplies)
 
10,017
239,574
See accompanying notes to portfolio of investments
Allspring Disciplined International Developed Markets Portfolio | 5

Portfolio of investments—July 31, 2026 (unaudited)
 
 
 
Shares
Value
Norway:  0.40%
 
DNB Bank ASA (Financials, Banks)
 
12,208
$393,080
Kongsberg Gruppen ASA (Industrials, Aerospace & defense)
 
11,648
364,035
Kongsberg Maritime AS (Industrials, Machinery)
 
11,648
65,506
Norsk Hydro ASA (Materials, Metals & mining)
 
41,141
379,486
 
 
1,202,107
Portugal:  0.16%
 
EDP SA (Utilities, Electric utilities)
 
93,712
482,551
Singapore:  1.31%
 
DBS Group Holdings Ltd. (Financials, Banks)
 
29,810
1,719,939
Oversea-Chinese Banking Corp. Ltd. (Financials, Banks)
 
32,300
733,637
Singapore Exchange Ltd. (Financials, Capital markets)
 
31,500
600,522
United Overseas Bank Ltd. (Financials, Banks)
 
17,900
605,361
Yangzijiang Shipbuilding Holdings Ltd. (Industrials, Machinery)
 
101,500
309,830
 
 
3,969,289
Spain:  3.64%
 
Acciona SA (Utilities, Electric utilities)
 
1,706
469,227
ACS Actividades de Construccion y Servicios SA (Industrials, Construction &
engineering)
 
7,797
993,890
Aena SME SA (Industrials, Transportation infrastructure)144A
 
10,132
312,348
Banco Bilbao Vizcaya Argentaria SA (Financials, Banks)
 
114,479
3,209,062
Banco Santander SA (Financials, Banks)
 
232,724
3,309,863
Enagas SA (Utilities, Gas utilities)
 
14,924
290,908
Endesa SA (Utilities, Electric utilities)
 
36,055
1,755,696
Naturgy Energy Group SA (Utilities, Gas utilities)
 
9,633
321,355
Telefonica SA (Communication services, Diversified telecommunication services)
 
86,064
355,331
 
 
11,017,680
Sweden:  1.57%
 
Assa Abloy AB Class B (Industrials, Building products)
 
10,808
401,039
Atlas Copco AB Class B (Industrials, Machinery)
 
14,745
272,452
Indutrade AB (Industrials, Machinery)
 
8,451
212,180
Skandinaviska Enskilda Banken AB Class A (Financials, Banks)
 
61,954
1,451,737
Skanska AB Class B (Industrials, Construction & engineering)
 
43,988
1,234,314
Swedbank AB Class A (Financials, Banks)
 
17,099
683,959
Telia Co. AB (Communication services, Diversified telecommunication services)
 
107,886
499,966
 
 
4,755,647
Switzerland:  7.12%
 
ABB Ltd. (Industrials, Electrical equipment)
 
28,561
2,817,797
Chocoladefabriken Lindt & Spruengli AG (Consumer staples, Food products)
 
40
461,683
Coca-Cola HBC AG Class DI (Consumer staples, Beverages)
 
19,270
1,299,372
EMS-Chemie Holding AG (Materials, Chemicals)
 
265
268,349
Julius Baer Group Ltd. (Financials, Capital markets)
 
3,432
301,744
Logitech International SA (Information technology, Technology hardware, storage &
peripherals)
 
3,858
394,019
Nestle SA (Consumer staples, Food products)
 
20,435
2,042,498
See accompanying notes to portfolio of investments
6 | Allspring Disciplined International Developed Markets Portfolio

Portfolio of investments—July 31, 2026 (unaudited)
 
 
 
Shares
Value
Switzerland(continued)
 
Novartis AG (Health care, Pharmaceuticals)
 
31,719
$4,960,590
Roche Holding AG (Health care, Pharmaceuticals)
 
8,231
3,597,707
Schindler Holding AG (Industrials, Machinery)
 
1,258
395,993
Siemens Energy AG (Industrials, Electrical equipment)
 
24,780
4,233,489
UBS Group AG (Financials, Capital markets)
 
14,257
753,591
 
 
21,526,832
United Kingdom:  16.18%
 
3i Group PLC (Financials, Capital markets)
 
29,817
1,147,889
Associated British Foods PLC (Consumer staples, Food products)
 
50,751
1,425,824
AstraZeneca PLC (Health care, Pharmaceuticals)
 
19,370
3,295,037
Aviva PLC (Financials, Insurance)
 
50,200
469,832
Barclays PLC (Financials, Banks)
 
273,873
1,882,476
BP PLC (Energy, Oil, gas & consumable fuels)
 
341,531
2,565,979
British American Tobacco PLC (Consumer staples, Tobacco)
 
48,027
2,913,363
Bunzl PLC (Industrials, Trading companies & distributors)
 
10,810
407,938
Centrica PLC (Utilities, Multi-utilities)
 
232,883
486,496
CK Hutchison Holdings Ltd. (Industrials, Industrial conglomerates)
 
96,500
904,135
Compass Group PLC (Consumer discretionary, Hotels, restaurants & leisure)
 
8,965
284,691
Endeavour Mining PLC (Materials, Metals & mining)
 
47,689
2,275,023
GSK PLC (Health care, Pharmaceuticals)
 
54,118
1,407,223
Halma PLC (Information technology, Electronic equipment, instruments &
components)
 
17,931
856,692
HSBC Holdings PLC (Financials, Banks)
 
211,961
4,513,775
Imperial Brands PLC (Consumer staples, Tobacco)
 
55,836
2,119,024
InterContinental Hotels Group PLC (Consumer discretionary, Hotels, restaurants &
leisure)
 
3,283
530,884
Legal & General Group PLC (Financials, Insurance)
 
72,782
295,521
M&G PLC (Financials, Financial services)
 
387,592
1,872,341
NatWest Group PLC (Financials, Banks)
 
320,357
3,021,810
Pearson PLC (Consumer discretionary, Diversified consumer services)
 
23,163
390,867
Reckitt Benckiser Group PLC (Consumer staples, Household products)
 
9,014
636,184
Rio Tinto PLC (Materials, Metals & mining)
 
24,100
2,341,788
Rolls-Royce Holdings PLC (Industrials, Aerospace & defense)
 
225,501
4,498,669
Shell PLC (Energy, Oil, gas & consumable fuels)
 
60,214
2,756,097
Smith & Nephew PLC (Health care, Health care equipment & supplies)
 
58,640
917,303
Smiths Group PLC (Industrials, Industrial conglomerates)
 
6,688
238,826
Standard Chartered Bank PLC (Financials, Banks)
 
32,486
960,533
Standard Life PLC (Financials, Insurance)
 
88,466
1,102,402
Tesco PLC (Consumer staples, Consumer staples distribution & retail)
 
249,648
1,643,223
Vodafone Group PLC (Communication services, Wireless telecommunication services)
 
476,512
756,220
 
 
48,918,065
United States:  0.53%
 
Aegon Ltd. (Financials, Insurance)
 
134,767
1,280,745
Sunbelt Rentals Holdings, Inc. (Industrials, Trading companies & distributors)
 
4,562
328,099
 
 
1,608,844
Total common stocks (Cost $192,589,041)
 
297,518,691
See accompanying notes to portfolio of investments
Allspring Disciplined International Developed Markets Portfolio | 7

Portfolio of investments—July 31, 2026 (unaudited)
 
 
Dividend
rate
Shares
Value
Preferred stocks:  0.11%
 
Germany:  0.11%
 
Henkel AG & Co. KGaA (Consumer staples, Household products)
2.13
 
3,806
$331,802
Total preferred stocks (Cost $346,425)
 
331,802
 
 
Yield
 
 
Short-term investments:  0.99%
 
Investment companies:  0.99%
 
Allspring Government Money Market Fund Select Class♠∞
3.59
%
 
2,987,863
2,987,863
Total short-term investments (Cost $2,987,863)
 
2,987,863
Total investments in securities (Cost $195,923,329)
99.49
%
 
300,838,356
Other assets and liabilities, net
0.51
 
1,554,062
Total net assets
100.00
%
 
$302,392,418
Non-income-earning security
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 issuer of the security is an affiliated person of the Portfolio as defined in the Investment Company Act of 1940.
The rate represents the 7-day annualized yield at period end.
Abbreviations:
ADR
American depositary receipt
GDR
Global depositary receipt
REIT
Real estate investment trust
Investments in affiliates
An affiliated investment is an investment in which the Portfolio owns at least 5% of the outstanding voting shares of the issuer or as a result of other relationships, such as the Portfolio and the issuer having the same adviser or investment manager. Transactions with issuers that were affiliates of the Portfolio at the end of the period were as follows:
 
Value,
beginning of
period
Purchases
Sales
proceeds
Net
realized
gains
(losses)
Net
change in
unrealized
gains
(losses)
Value,
end of
period
Shares,
end
of period
Income
from
affiliated
securities
Short-term investments
Allspring Government Money Market Fund Select
Class
$6,506,959
$5,519,901
$(9,038,997
)
$0
$0
$2,987,863
2,987,863
$60,184
Futures contracts
Description
Number of
contracts
Expiration
date
Notional
cost
Notional
value
Unrealized
gains
Unrealized
losses
Long
MSCI EAFE Index
15
9-18-2026
$2,373,546
$2,386,725
$13,179
$0
See accompanying notes to portfolio of investments
8 | Allspring Disciplined International Developed Markets Portfolio

Notes to portfolio of investments—July 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 Portfolio 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.
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 July 31, 2026, such fair value pricing was used in pricing certain foreign securities.
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 Portfolio 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.
Futures contracts
Futures contracts are agreements between the Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio fail to make requested variation margin payments, the broker can gain access to the initial margin to satisfy the Portfolio’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 Portfolio’s investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in
Allspring Disciplined International Developed Markets Portfolio | 9

Notes to portfolio of investments—July 31, 2026 (unaudited)
active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Portfolio’s investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows: 
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used in valuing the Portfolio’s assets and liabilities as of July 31, 2026:
 
Quoted prices
(Level 1)
Other significant
observable inputs
(Level 2)
Significant
unobservable inputs
(Level 3)
Total
Assets
Investments in:
Common stocks
Australia
$0
$16,460,938
$0
$16,460,938
Austria
0
2,395,983
0
2,395,983
Denmark
2,389,764
7,357,980
0
9,747,744
Finland
0
2,285,742
0
2,285,742
France
0
35,424,211
0
35,424,211
Germany
0
20,836,856
0
20,836,856
Hong Kong
901,824
5,763,474
0
6,665,298
Indonesia
0
684,074
0
684,074
Ireland
0
353,737
0
353,737
Israel
1,913,122
1,342,344
0
3,255,466
Italy
0
10,391,161
0
10,391,161
Japan
3,821,908
66,693,479
0
70,515,387
Luxembourg
826,901
1,993,078
0
2,819,979
Netherlands
967,382
20,994,144
0
21,961,526
New Zealand
0
239,574
0
239,574
Norway
429,541
772,566
0
1,202,107
Portugal
0
482,551
0
482,551
Singapore
0
3,969,289
0
3,969,289
Spain
0
11,017,680
0
11,017,680
Sweden
0
4,755,647
0
4,755,647
Switzerland
0
21,526,832
0
21,526,832
United Kingdom
486,496
48,431,569
0
48,918,065
United States
328,099
1,280,745
0
1,608,844
Preferred stocks
Germany
0
331,802
0
331,802
Short-term investments
Investment companies
2,987,863
0
0
2,987,863
 
15,052,900
285,785,456
0
300,838,356
Futures contracts
13,179
0
0
13,179
Total assets
$15,066,079
$285,785,456
$0
$300,851,535
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 July 31, 2026, $329,114 was segregated as cash collateral for these open futures contracts.
At July 31, 2026, the Portfolio did not have any transfers into/out of Level 3.
10 | Allspring Disciplined International Developed Markets Portfolio