Portfolio of investments—July 31, 2026 (unaudited)
Portfolio of investments
 
 
 
 
 
 
Shares
Value
Common stocks:  95.39%
 
Belgium:  1.09%
 
Anheuser-Busch InBev SA (Consumer staples, Beverages)
 
22,721
$1,973,409
Canada:  3.60%
 
Restaurant Brands International, Inc. (Consumer discretionary, Hotels, restaurants &
leisure)
 
51,878
3,840,010
TC Energy Corp. (Energy, Oil, gas & consumable fuels)
 
39,642
2,673,060
 
 
6,513,070
Denmark:  1.26%
 
Novo Nordisk AS Class B (Health care, Pharmaceuticals)
 
48,276
2,283,531
Finland:  1.51%
 
Nordea Bank Abp (Financials, Banks)
 
135,699
2,738,833
France:  15.75%
 
Air Liquide SA (Materials, Chemicals)
 
13,378
2,635,579
AXA SA (Financials, Insurance)
 
81,615
4,230,073
Capgemini SE (Information technology, IT services)
 
12,500
1,485,759
L’Oreal SA (Consumer staples, Personal care products)
 
5,841
2,601,554
LVMH Moet Hennessy Louis Vuitton SE (Consumer discretionary, Textiles, apparel &
luxury goods)
 
7,328
4,024,061
Safran SA (Industrials, Aerospace & defense)
 
4,059
1,595,111
Schneider Electric SE (Industrials, Electrical equipment)
 
12,364
4,154,122
TotalEnergies SE (Energy, Oil, gas & consumable fuels)
 
17,499
1,542,720
Veolia Environnement SA (Utilities, Multi-utilities)
 
80,421
3,200,221
Vinci SA (Industrials, Construction & engineering)
 
21,631
3,054,140
 
 
28,523,340
Germany:  16.04%
 
adidas AG (Consumer discretionary, Textiles, apparel & luxury goods)
 
18,012
3,332,635
Allianz SE (Financials, Insurance)
 
8,817
4,391,764
Deutsche Boerse AG (Financials, Capital markets)
 
12,102
3,645,330
Deutsche Post AG (Industrials, Air freight & logistics)
 
44,560
2,976,686
Deutsche Telekom AG (Communication services, Diversified telecommunication
services)
 
85,460
2,637,379
Infineon Technologies AG (Information technology, Semiconductors & semiconductor
equipment)
 
30,500
2,188,788
Rheinmetall AG (Industrials, Aerospace & defense)
 
1,823
2,409,912
SAP SE (Information technology, Software)
 
21,184
3,882,924
Siemens AG (Industrials, Industrial conglomerates)
 
10,882
3,565,448
 
 
29,030,866
Ireland:  0.89%
 
TE Connectivity PLC (Information technology, Electronic equipment, instruments &
components)
 
7,809
1,606,233
Italy:  1.09%
 
Prysmian SpA (Industrials, Electrical equipment)
 
14,310
1,974,683
See accompanying notes to portfolio of investments
Allspring International Equity Fund | 1
Portfolio of investments—July 31, 2026 (unaudited)
 
 
 
 
 
 
Shares
Value
Japan:  15.19%
 
Fujitsu Ltd. (Information technology, IT services)
 
76,200
$1,756,355
Hitachi Ltd. (Industrials, Industrial conglomerates)
 
141,000
4,620,645
ORIX Corp. (Financials, Financial services)
 
85,600
3,454,759
Sony Group Corp. (Consumer discretionary, Household durables)
 
85,700
2,002,712
Sumitomo Mitsui Financial Group, Inc. (Financials, Banks)
 
118,600
5,096,112
Tokio Marine Holdings, Inc. (Financials, Insurance)
 
79,400
4,046,729
Tokyo Electron Ltd. (Information technology, Semiconductors & semiconductor
equipment)
 
10,000
3,343,370
Toyota Motor Corp. (Consumer discretionary, Automobiles)
 
168,300
3,185,021
 
 
27,505,703
Luxembourg:  0.71%
 
Spotify Technology SA (Communication services, Entertainment)†
 
2,559
1,279,346
Netherlands:  8.94%
 
Airbus SE (Industrials, Aerospace & defense)
 
15,434
3,623,263
ASML Holding NV (Information technology, Semiconductors & semiconductor
equipment)
 
2,408
3,922,632
Ferrari NV (Consumer discretionary, Automobiles)
 
5,952
2,344,314
ING Groep NV (Financials, Banks)
 
179,352
6,302,706
 
 
16,192,915
South Korea:  2.74%
 
Samsung Electronics Co. Ltd. GDR (Information technology, Technology hardware,
storage & peripherals)
 
1,157
4,953,290
Switzerland:  5.67%
 
Nestle SA (Consumer staples, Food products)
 
20,777
2,076,682
Novartis AG (Health care, Pharmaceuticals)
 
32,144
5,027,057
Siemens Energy AG (Industrials, Electrical equipment)
 
8,989
1,535,707
Sika AG (Materials, Chemicals)
 
7,200
1,619,932
 
 
10,259,378
Taiwan:  1.71%
 
Taiwan Semiconductor Manufacturing Co. Ltd. ADR (Information technology,
Semiconductors & semiconductor equipment)
 
7,675
3,102,619
United Kingdom:  18.68%
 
AstraZeneca PLC (Health care, Pharmaceuticals)
 
25,980
4,419,466
BAE Systems PLC (Industrials, Aerospace & defense)
 
113,075
3,201,077
Barclays PLC (Financials, Banks)
 
917,460
6,306,196
Coca-Cola Europacific Partners PLC (Consumer staples, Beverages)
 
16,519
1,808,170
Diageo PLC (Consumer staples, Beverages)
 
57,025
1,252,744
National Grid PLC (Utilities, Multi-utilities)
 
124,150
1,987,126
RELX PLC (Industrials, Professional services)
 
98,623
3,468,763
Rio Tinto PLC (Materials, Metals & mining)
 
35,089
3,409,585
Shell PLC (Energy, Oil, gas & consumable fuels)
 
89,641
4,103,020
Smith & Nephew PLC (Health care, Health care equipment & supplies)
 
35,823
560,378
Unilever PLC (Consumer staples, Personal care products)
 
52,040
3,311,180
 
 
33,827,705
See accompanying notes to portfolio of investments
2 | Allspring International Equity Fund
Portfolio of investments—July 31, 2026 (unaudited)
 
 
 
 
 
 
Shares
Value
United States:  0.52%
 
MercadoLibre, Inc. (Consumer discretionary, Broadline retail)†
 
500
$938,975
Total common stocks (Cost $117,746,235)
 
172,703,896
 
 
 
Yield
 
 
 
Short-term investments:  3.37%
 
Investment companies:  3.37%
 
Allspring Government Money Market Fund Select Class♠∞
3.59
%
 
6,091,373
6,091,373
Total short-term investments (Cost $6,091,373)
 
6,091,373
Total investments in securities (Cost $123,837,608)
98.76
%
 
178,795,269
Other assets and liabilities, net
1.24
 
2,249,964
Total net assets
100.00
%
 
$181,045,233
 
†
Non-income-earning security
♠
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:
ADR
American depositary receipt
GDR
Global depositary receipt
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
$3,039,282
$29,245,965
$(26,193,874
)
$0
$0
$6,091,373
6,091,373
$132,106
Futures contracts 
Description
Number of
contracts
Expiration
date
Notional
cost
Notional
value
Unrealized
gains
Unrealized
losses
Long
MSCI EAFE Index
35
9-18-2026
$5,500,578
$5,569,025
$68,447
$0
See accompanying notes to portfolio of investments
Allspring International Equity Fund | 3
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 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.
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 Management’s process for determining the fair value of the portfolio of investments.
Foreign currency translation
The accounting records of the Fund are maintained in U.S. dollars. The values of other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at  rates provided by an independent foreign currency pricing source at a time each business day specified by the 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 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
4 | Allspring International Equity Fund
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 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.
The following is a summary of the inputs used in valuing the Fund’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
Belgium
$0
$1,973,409
$0
$1,973,409
Canada
6,513,070
0
0
6,513,070
Denmark
0
2,283,531
0
2,283,531
Finland
0
2,738,833
0
2,738,833
France
0
28,523,340
0
28,523,340
Germany
0
29,030,866
0
29,030,866
Ireland
1,606,233
0
0
1,606,233
Italy
0
1,974,683
0
1,974,683
Japan
0
27,505,703
0
27,505,703
Luxembourg
1,279,346
0
0
1,279,346
Netherlands
6,266,946
9,925,969
0
16,192,915
South Korea
0
4,953,290
0
4,953,290
Switzerland
0
10,259,378
0
10,259,378
Taiwan
3,102,619
0
0
3,102,619
United Kingdom
1,808,170
32,019,535
0
33,827,705
United States
938,975
0
0
938,975
Short-term investments
Investment companies
6,091,373
0
0
6,091,373
 
27,606,732
151,188,537
0
178,795,269
Futures contracts
68,447
0
0
68,447
Total assets
$27,675,179
$151,188,537
$0
$178,863,716
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, $250,000 was segregated as cash collateral for these open futures contracts. 
At July 31, 2026, the Fund did not have any transfers into/out of Level 3.
Allspring International Equity Fund | 5