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LOGO

 

 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-23597

 

 

Allspring Exchange-Traded Funds Trust

(Exact name of registrant as specified in charter)

 

 

1415 Vantage Park Drive, 3rd Floor, Charlotte, NC 28203

(Address of principal executive offices) (Zip code)

 

 

Matthew Prasse

Allspring Funds Management, LLC

1415 Vantage Park Drive, 3rd Floor, Charlotte, NC 28203

(Name and address of agent for service)

 

 

Registrant’s telephone number, including area code: 800-222-8222

Date of fiscal year end: August 31

 

 

Registrant is making a filing for 2 of its series: Allspring Broad Market Core Bond ETF and Allspring Core Plus ETF.

Date of reporting period: August 31, 2026

 

 
 


ITEM 1. REPORT TO STOCKHOLDERS

Image

Annual Shareholder Report

Broad Market Core Bond ETF (AFIX)

August 31, 2026 

Principal Listing Exchange: NYSE Arca, Inc.

This annual shareholder report contains important information about Broad Market Core Bond ETF for the period from September 1, 2025 to August 31, 2026. You can find additional information about the Fund at allspringglobal.com. You can also request this information by contacting us at 1-866-701-2575. 

What were the Fund costs for the past year?

The table explains the costs you would have paid within the reporting period based on a hypothetical $10,000 investment.

Table Summary
CLASS NAME
COSTS OF A $10,000 INVESTMENT
COSTS PAID AS A % OF A $10,000 INVESTMENT
Broad Market Core Bond ETF
$19
0.19%

Pursuant to a unitary fee arrangement between the Fund and the Manager, the Manager has agreed to pay all expenses incurred by, and appropriately allocated to, the Fund, excluding only: the management fee payable to the Manager and certain other expenses.  Please see the prospectus for the annual unitary fee and more details on excluded expenses. 

How did the Fund perform last year and what affected its performance?

The Fund outperformed its benchmark for the 12-month period ended August 31, 2026. Overweight allocations to other U.S. government securitizations, including Small Business Administration securitizations, taxable municipals, and corporates were the biggest contributors to performance. Our bond selections within agency residential mortgage-backed securities and corporates also enhanced returns. Yield-curve positioning was a relative drag on returns.

Treasury rates rose to multi-decade highs in 2026 on renewed concerns over inflation and government balance sheets. Despite rising rates, a meaningful income stream more than offset negative price returns, resulting in positive total returns. Credit spreads were durable, supported by a resilient U.S. economy and labor market, which drove outperformance across non-Treasury sectors.

Portfolio positioning was consistent, with only minor adjustments made to capture relative value opportunities. The portfolio is fully invested, with a modestly defensive posture. We plan to maintain a disciplined, quality-focused approach based on protecting capital and capturing selective opportunities while staying flexible as conditions evolve.

Total return based on a $10,000 investment

Growth of 10K Chart
Table Summary
Broad Market Core Bond ETF
Bloomberg U.S. Aggregate Bond Index
12/4/2024
$10,000
$10,000
12/31/2024
$9,841
$9,816
1/31/2025
$9,892
$9,868
2/28/2025
$10,119
$10,085
3/31/2025
$10,109
$10,089
4/30/2025
$10,154
$10,128
5/31/2025
$10,081
$10,056
6/30/2025
$10,241
$10,211
7/31/2025
$10,221
$10,184
8/31/2025
$10,350
$10,305
9/30/2025
$10,462
$10,418
10/31/2025
$10,538
$10,483
11/30/2025
$10,607
$10,548
12/31/2025
$10,577
$10,532
1/31/2026
$10,617
$10,544
2/28/2026
$10,811
$10,716
3/31/2026
$10,601
$10,528
4/30/2026
$10,615
$10,539
5/31/2026
$10,640
$10,572
6/30/2026
$10,672
$10,598
7/31/2026
$10,531
$10,460
8/31/2026
$10,566
$10,500

Broad Market Core Bond ETF 

Annual Shareholder Report | August 31, 2026

AVERAGE ANNUAL TOTAL RETURNS (%)

Table Summary
AATR
1 Year
Since Inception (12/4/24)
Broad Market Core Bond ETF
2.09
3.22
Bloomberg U.S. Aggregate Bond Index
1.89
2.85

Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes that a shareholder may pay on an investment in a fund.

KEY FUND STATISTICS

Table Summary
Total net assets
$199,452,901
# of portfolio holdings
580
Portfolio turnover rate
95%
Total advisory fees paid
$358,328

What did the Fund invest in? 

PORTFOLIO COMPOSITION (% OF LONG-TERM INVESTMENTS)

Table Summary
Agency securities
32.0
Corporate bonds and notes
27.6
U.S. Treasury securities
14.7
Asset-backed securities
11.4
Non-agency mortgage-backed securities
6.1
Municipal obligations
4.3
Yankee corporate bonds and notes
3.9

TOP TEN HOLDINGS (% OF NET ASSETS) 

Table Summary
U.S. Treasury Bonds, 4.75%, 2‑15‑2056
5.2
U.S. Treasury Bonds, 5.00%, 5‑15‑2046
3.7
U.S. Treasury Bonds, 4.63%, 2‑15‑2046
3.2
FHLMC, 2.50%, 9‑1‑2051
1.5
FHLMC, 5.00%, 3‑1‑2056
1.5
U.S. Treasury Inflation-Indexed Notes, 1.88%, 1‑15‑2036
1.3
FHLMC, 5.50%, 1‑1‑2055
1.1
FNMA, 4.00%, 5‑1‑2051
0.9
FNMA, 3.50%, 2‑1‑2051
0.9
FNMA, 3.50%, 9‑1‑2050
0.8

For more information

You can find additional information on the Fund's website at allspringglobal.com, including its:

         - Prospectus  - Financial Information  - Fund holdings  - Proxy voting information 

 

ARAFIX 08-26 

Image

Annual Shareholder Report

Core Plus ETF (APLU)

August 31, 2026 

Principal Listing Exchange: NYSE Arca, Inc.

This annual shareholder report contains important information about Core Plus ETF for the period from September 1, 2025 to August 31, 2026. You can find additional information about the Fund at allspringglobal.com. You can also request this information by contacting us at 1-866-701-2575. 

What were the Fund costs for the past year?

The table explains the costs you would have paid within the reporting period based on a hypothetical $10,000 investment.

Table Summary
CLASS NAME
COSTS OF A $10,000 INVESTMENT
COSTS PAID AS A % OF A $10,000 INVESTMENT
Core Plus ETF
$30
0.30%

Pursuant to a unitary fee arrangement between the Fund and the Manager, the Manager has agreed to pay all expenses incurred by, and appropriately allocated to, the Fund, excluding only: the management fee payable to the Manager and certain other expenses.  Please see the prospectus for the annual unitary fee and more details on excluded expenses. 

How did the Fund perform last year and what affected its performance?

The Fund outperformed its benchmark for the 12-month period ended August 31, 2026. Treasury yields were volatile and rose across most maturities. Yields initially declined as the Federal Reserve (Fed) cut its policy rate by 75 basis points (bps; 100 bps equal 1.00%) from September through December 2025. The Fed then held rates steady as resilient growth, elevated inflation, higher energy prices, and concerns about federal borrowing pushed yields higher. Credit spreads remained tight, supported by solid corporate fundamentals and strong investor demand.

Portfolio duration was neutral to the benchmark before we modestly extended after sovereign yields rose in response to the war in Iran. The portfolio sought higher-quality yield through diversified corporate, non-benchmark securitized, and out-of-benchmark plus sector exposures. These plus sectors include emerging market debt, U.S. and European high yield bonds, European investment grade bonds, and global government bonds.

Sector allocation, including securitized and plus sector exposures, contributed to performance, as did credit-quality allocation, security selection, and duration. Yield-curve positioning was the primary detractor, particularly an overweight to the 2-year portion of the curve and an underweight to the long end.

Total return based on a $10,000 investment

Growth of 10K Chart
Table Summary
Core Plus ETF
Bloomberg U.S. Aggregate Bond Index
12/4/2024
$10,000
$10,000
12/31/2024
$9,811
$9,816
1/31/2025
$9,882
$9,868
2/28/2025
$10,092
$10,085
3/31/2025
$10,064
$10,089
4/30/2025
$10,072
$10,128
5/31/2025
$10,028
$10,056
6/30/2025
$10,194
$10,211
7/31/2025
$10,182
$10,184
8/31/2025
$10,313
$10,305
9/30/2025
$10,427
$10,418
10/31/2025
$10,487
$10,483
11/30/2025
$10,547
$10,548
12/31/2025
$10,532
$10,532
1/31/2026
$10,578
$10,544
2/28/2026
$10,738
$10,716
3/31/2026
$10,514
$10,528
4/30/2026
$10,556
$10,539
5/31/2026
$10,596
$10,572
6/30/2026
$10,624
$10,598
7/31/2026
$10,477
$10,460
8/31/2026
$10,524
$10,500

Core Plus ETF 

Annual Shareholder Report | August 31, 2026

AVERAGE ANNUAL TOTAL RETURNS (%)

Table Summary
AATR
1 Year
Since Inception (12/4/24)
Core Plus ETF
2.05
2.98
Bloomberg U.S. Aggregate Bond Index
1.89
2.85

Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes that a shareholder may pay on an investment in a fund.

KEY FUND STATISTICS

Table Summary
Total net assets
$422,488,114
# of portfolio holdings
563
Portfolio turnover rate
202%
Total advisory fees paid
$1,090,087

What did the Fund invest in? 

PORTFOLIO COMPOSITION (% OF LONG-TERM INVESTMENTS)

Table Summary
Agency securities
30.7
Corporate bonds and notes
22.8
U.S. Treasury securities
11.4
Asset-backed securities
8.5
Yankee corporate bonds and notes
8.5
Non-agency mortgage-backed securities
6.0
Foreign government bonds
5.5
Investment companies
3.1
Foreign corporate bonds and notes
1.9
Yankee government bonds
1.6

TOP TEN HOLDINGS (% OF NET ASSETS) 

Table Summary
U.S. Treasury Bonds, 4.63%, 2‑15‑2046
5.5
GNMA, 5.00%, 4‑20‑2056
2.8
FNMA, 5.50%, 9‑14‑2056
2.0
FHLMC, 2.00%, 4‑1‑2052
1.5
U.S. Treasury Notes, 4.38%, 5‑15‑2036
1.4
FNMA, 3.00%, 11‑1‑2051
1.4
FNMA, 2.50%, 2‑1‑2051
1.3
FNMA, 6.00%, 9‑14‑2056
1.0
Vanguard Intermediate-Term Corporate Bond ETF
1.0
U.S. Treasury Notes, 4.13%, 11‑15‑2032
1.0

For more information

You can find additional information on the Fund's website at allspringglobal.com, including its:

         - Prospectus  - Financial Information  - Fund holdings  - Proxy voting information 

 

ARAPLU 08-26 


ITEM 2. CODE OF ETHICS

(a) As of the end of the period covered by the report, Allspring Exchange-Traded Funds Trust has adopted a code of ethics that applies to its President and Treasurer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

(c) During the period covered by this report, there were no amendments to the provisions of the code of ethics adopted in Item 2(a) above.

(d) During the period covered by this report, there were no implicit or explicit waivers to the provisions of the code of ethics adopted in Item 2(a) above.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT

The Board of Trustees of Allspring Exchange-Traded Funds Trust has determined that Jane A. Freeman is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Ms. Freeman is independent for purposes of Item 3 of Form N-CSR.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES

(a), (b), (c), (d) The following table presents aggregate fees billed in each of the last two fiscal years for services rendered to the registrant by the registrant’s principal accountant. These fees were billed to the registrant and were approved by the registrant’s audit committee.

 

     Fiscal year ended
August 31, 2026
     Fiscal year ended
August 31, 2025
 

Audit fees

   $ 76,000      $ 89,900  

Audit-related fees

     —         —   

Tax fees (1)

     —         4,040  

All other fees

     —         —   
  

 

 

    

 

 

 
   $ 76,000      $ 93,940  

 

(1) 

Tax fees consist of fees for tax compliance, tax advice, tax planning and excise tax.

(e)(1) The Chair of the Audit Committees is authorized to pre-approve: (1) audit services for the mutual funds of Allspring Exchange-Traded Funds Trust; (2) non-audit tax or compliance consulting or training services provided to the Funds by the independent auditors (“Auditors”) if the fees for any particular engagement are not anticipated to exceed $50,000; and (3) non-audit tax or compliance consulting or training services provided by the Auditors to a Fund’s investment adviser and its controlling entities (where pre-approval is required because the engagement relates directly to the operations and financial reporting of the Fund) if the fee to the Auditors for any particular engagement is not anticipated to exceed $50,000. For any such pre-approval sought from the Chair, Management shall prepare a brief description of the proposed services.

If the Chair approves of such service, he or she shall sign the statement prepared by Management. Such written statement shall be presented to the full Committees at their next regularly scheduled meetings.

(e)(2) Not applicable.


(f) Not applicable.

(g) Not applicable.

(h) Not applicable.

(i) Not applicable.

(j) Not applicable.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS

Not applicable.

ITEM 6. INVESTMENTS

(a) The registrant’s Schedule of Investments is included as part of the Financial Statements filed under Item 7(a) of this Form.

(b) Not applicable due to no such divestments during the semi-annual period covered since the previous Form N-CSR filing.

ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES

(a) The registrant’s Financial Statements are attached herewith.

(b) The registrant’s Financial Highlights are included as part of the Financial Statements filed under Item 7(a) of this Form.


  
Allspring Broad Market Core Bond ETF (AFIX)
Long Form Financial Statements
Annual Report
August 31, 2026

 

Contents
 
2
21
22
23
24
25
30
31
32
32
32
33
Allspring Broad Market Core Bond ETF | 1

Portfolio of investments—August 31, 2026
Portfolio of investments
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities:  31.32%
 
FHLMC
2.00
%
6-1-2050
$
1,031,362
$817,184
FHLMC
2.00
7-1-2050
 
1,155,339
915,013
FHLMC
2.50
2-1-2051
 
1,400,742
1,156,516
FHLMC
2.50
5-1-2051
 
431,299
355,719
FHLMC
2.50
9-1-2051
 
3,564,931
2,958,304
FHLMC
3.00
1-1-2050
 
927,098
801,179
FHLMC
3.00
7-1-2050
 
449,346
387,487
FHLMC
3.50
7-1-2049
 
434,669
390,187
FHLMC
3.50
9-1-2049
 
231,707
207,995
FHLMC
3.50
1-1-2050
 
224,072
201,141
FHLMC
4.50
12-1-2052
 
1,631,993
1,552,060
FHLMC
5.00
12-1-2054
 
929,618
905,880
FHLMC
5.00
12-1-2055
 
1,101,257
1,073,078
FHLMC
5.00
3-1-2056
 
2,972,991
2,898,218
FHLMC
5.00
5-1-2056
 
1,573,830
1,533,490
FHLMC
5.50
1-1-2055
 
2,180,641
2,188,597
FHLMC
5.50
6-1-2056
 
889,620
890,858
FNMA
2.00
6-1-2050
 
1,354,471
1,073,194
FNMA
2.00
9-1-2050
 
598,036
473,219
FNMA
2.00
11-1-2050
 
1,146,666
906,545
FNMA
2.50
9-1-2049
 
136,402
113,175
FNMA
2.50
12-1-2049
 
257,372
213,545
FNMA
2.50
4-1-2050
 
262,260
217,346
FNMA
2.50
8-1-2050
 
262,349
217,095
FNMA
2.50
11-1-2050
 
235,704
194,827
FNMA
2.50
3-1-2051
 
408,155
336,883
FNMA
2.50
7-1-2051
 
1,393,193
1,148,191
FNMA
3.00
7-1-2049
 
336,551
290,841
FNMA
3.00
8-1-2049
 
237,220
205,000
FNMA
3.00
2-1-2050
 
253,617
219,171
FNMA
3.00
5-1-2050
 
182,771
157,723
FNMA
3.00
6-1-2050
 
222,217
191,694
FNMA
3.00
7-1-2050
 
91,340
78,766
FNMA
3.00
9-1-2050
 
1,769,707
1,524,987
FNMA
3.00
5-1-2051
 
595,133
511,470
FNMA
3.00
6-1-2051
 
639,839
549,694
FNMA
3.00
7-1-2051
 
207,157
177,907
FNMA
3.00
12-1-2051
 
374,335
323,150
FNMA
3.50
6-1-2048
 
1,659,476
1,496,428
FNMA
3.50
5-1-2049
 
248,882
223,412
FNMA
3.50
6-1-2049
 
850,629
763,578
FNMA
3.50
8-1-2049
 
422,912
379,633
FNMA
3.50
11-1-2049
 
506,567
454,727
FNMA
3.50
2-1-2050
 
360,315
323,441
FNMA
3.50
9-1-2050
 
1,772,335
1,590,961
FNMA
3.50
2-1-2051
 
1,995,560
1,791,342
FNMA
3.94
11-1-2030
 
895,000
866,057
FNMA
3.95
5-1-2031
 
1,600,000
1,541,873
The accompanying notes are an integral part of these financial statements.
2 | Allspring Broad Market Core Bond ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
FNMA
3.95
%
1-1-2033
$
245,000
$232,406
FNMA
3.97
1-1-2033
 
325,000
308,653
FNMA
4.00
6-1-2048
 
636,284
590,907
FNMA
4.00
8-1-2048
 
195,276
181,349
FNMA
4.00
9-1-2048
 
167,328
155,395
FNMA
4.00
11-1-2048
 
186,345
173,055
FNMA
4.00
1-1-2049
 
126,928
117,876
FNMA
4.00
3-1-2049
 
341,499
317,145
FNMA
4.00
1-1-2050
 
243,502
225,766
FNMA
4.00
9-1-2050
 
1,709,836
1,585,292
FNMA
4.00
1-1-2051
 
1,134,916
1,052,249
FNMA
4.00
3-1-2051
 
254,174
235,660
FNMA
4.00
5-1-2051
 
2,039,229
1,893,799
FNMA
4.00
6-1-2052
 
362,046
332,505
FNMA
4.15
1-1-2033
 
820,000
786,462
FNMA
4.20
7-1-2031
 
600,000
583,955
FNMA
4.23
9-1-2033
 
920,000
881,904
FNMA
4.32
3-1-2033
 
330,000
319,491
FNMA
4.45
1-1-2031
 
297,965
294,067
FNMA
4.46
2-1-2031
 
810,022
798,673
FNMA
4.50
7-1-2048
 
218,212
209,173
FNMA
4.50
5-1-2050
 
471,919
449,065
FNMA
4.50
9-1-2052
 
624,582
593,264
FNMA
4.50
10-1-2052
 
230,345
218,233
FNMA
4.52
7-1-2031
 
800,000
789,124
FNMA
4.56
3-1-2030
 
380,000
377,299
FNMA
4.69
8-1-2033
 
1,090,000
1,074,045
FNMA
4.70
8-1-2033
 
440,000
433,392
FNMA
4.72
10-1-2031
 
350,000
346,592
FNMA
4.83
4-1-2031
 
800,000
796,702
FNMA
4.88
5-1-2032
 
728,987
725,483
FNMA
4.98
5-1-2030
 
405,682
407,103
FNMA
5.00
2-1-2055
 
345,462
337,200
FNMA
5.00
7-1-2055
 
158,079
154,289
FNMA
5.00
11-1-2055
 
811,670
792,210
FNMA
5.17
3-1-2031
 
988,240
985,483
FNMA
5.20
3-1-2031
 
937,559
945,844
FNMA
5.23
2-1-2032
 
740,931
747,716
FNMA
5.24
12-1-2030
 
792,813
801,095
FNMA
5.50
12-1-2054
 
842,971
845,076
FNMA
5.50
6-1-2056
 
1,587,301
1,587,858
Total agency securities (Cost $63,325,122)
 
62,471,636
Asset-backed securities:  11.18%
 
Ally Auto Receivables Trust Series 2025-1 Class A4
4.08
6-16-2031
 
410,000
404,311
Barings Equipment Finance LLC Series 2025-A Class A4144A
5.02
6-13-2050
 
1,000,000
1,004,714
CarMax Auto Owner Trust Series 2026-2 Class A3
4.22
6-16-2031
 
560,000
554,522
Enterprise Fleet Financing LLC Series 2025-1 Class A4144A
4.97
9-22-2031
 
730,000
732,253
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 3

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Asset-backed securities(continued)
 
Ford Credit Auto Owner Trust Series 2025-2 Class A144Aøø
4.37
%
2-15-2038
$
370,000
$363,851
Ford Credit Auto Owner Trust Series 2026-2 Class A144Aøø
4.86
2-15-2039
 
590,000
586,714
Ford Credit Floorplan Master Owner Trust A Series 2026-1 Class A
4.42
5-15-2031
 
960,000
952,867
GM Financial Revolving Receivables Trust Series 2024-2 Class A144A
4.52
3-11-2037
 
125,000
124,038
GM Financial Revolving Receivables Trust Series 2025-1 Class A144A
4.64
12-11-2037
 
325,000
323,125
M&T Bank Auto Receivables Trust Series 2025-1A Class A4144A
4.89
7-15-2032
 
1,000,000
1,004,221
SBA Participation Certificates Series 2025-25E Class 1
5.12
5-1-2050
 
82,477
81,887
SBA Participation Certificates Series 2025-25I Class 1
4.73
9-1-2050
 
83,391
80,875
SBA Small Business Investment Cos. Series 2025-10A Class 1
4.96
3-10-2035
 
1,137,153
1,130,941
SBA Small Business Investment Cos. Series 2025-10B Class 1
4.53
9-10-2035
 
1,258,704
1,229,478
SBA Small Business Investment Cos. Series 2026-10A Class 1
4.63
3-10-2036
 
675,000
662,874
Toyota Auto Loan Extended Note Trust Series 2025-1A Class A144A
4.65
5-25-2038
 
435,000
432,784
Toyota Auto Loan Extended Note Trust Series 2026-1A Class A144A
4.58
4-25-2039
 
725,000
715,456
U.S. SBA Series 2022-25G Class 1
3.93
7-1-2047
 
55,559
51,445
U.S. SBA Series 2022-25J Class 1
5.04
10-1-2047
 
715,626
709,043
U.S. SBA Series 2023-25A Class 1
4.91
1-1-2048
 
695,548
684,029
U.S. SBA Series 2023-25C Class 1
4.93
3-1-2048
 
1,116,820
1,098,990
U.S. SBA Series 2023-25G Class 1
5.18
7-1-2048
 
1,012,938
1,009,208
U.S. SBA Series 2023-25H Class 1
5.15
8-1-2048
 
1,134,021
1,128,087
U.S. SBA Series 2023-25I Class 1
5.41
9-1-2048
 
1,457,151
1,467,349
U.S. SBA Series 2024-25A Class 1
5.05
1-1-2049
 
136,402
134,939
U.S. SBA Series 2024-25B Class 1
5.07
2-1-2049
 
778,406
770,842
U.S. SBA Series 2024-25C Class 1
4.97
3-1-2049
 
923,116
908,987
U.S. SBA Series 2024-25F Class 1
5.04
6-1-2049
 
964,209
957,570
U.S. SBA Series 2024-25I Class 1
4.45
9-1-2049
 
145,527
138,848
U.S. SBA Series 2025-20A Class 1
5.24
1-1-2045
 
953,621
952,810
U.S. SBA Series 2025-20B Class 1
5.01
2-1-2045
 
190,598
188,251
U.S. SBA Series 2025-25B Class 1
5.01
2-1-2050
 
333,793
329,265
WF Card Issuance Trust Series 2026-A1 Class A
4.08
4-15-2031
 
700,000
690,640
Wheels Fleet Lease Funding LLC Series 2026-1A Class A3144A
4.39
4-18-2039
 
180,000
178,157
World Omni Auto Receivables Trust Series 2025-D Class A4
4.07
2-17-2032
 
515,000
505,824
Total asset-backed securities (Cost $22,534,419)
 
22,289,195
Corporate bonds and notes:  27.05%
 
Basic materials:  0.44%
 
Chemicals:  0.44%
 
Eastman Chemical Co.
5.75
3-8-2033
 
140,000
142,541
Ecolab, Inc.
5.15
6-15-2033
 
250,000
248,785
Mosaic Co.
4.60
11-15-2030
 
100,000
97,429
PPG Industries, Inc.
4.38
3-15-2031
 
135,000
131,323
Sherwin-Williams Co.
2.95
8-15-2029
 
180,000
170,510
Sherwin-Williams Co.
4.50
8-15-2030
 
90,000
88,439
 
 
879,027
Communications:  2.14%
 
Internet:  0.55%
 
Airbnb, Inc.
4.65
3-16-2031
 
70,000
69,018
Alphabet, Inc.
5.20
8-15-2033
 
230,000
229,186
The accompanying notes are an integral part of these financial statements.
4 | Allspring Broad Market Core Bond ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Internet(continued)
 
Amazon.com, Inc.
4.80
%
7-9-2031
$
500,000
$495,370
Meta Platforms, Inc.
4.88
5-15-2033
 
320,000
309,309
 
 
1,102,883
Media:  0.43%
 
Charter Communications Operating LLC/Charter Communications
Operating Capital
4.40
4-1-2033
 
230,000
207,163
Comcast Corp.
1.95
1-15-2031
 
284,000
248,583
Comcast Corp.
4.60
10-15-2038
 
240,000
209,664
Comcast Corp.
4.95
5-15-2032
 
200,000
197,340
 
 
862,750
Telecommunications:  1.16%
 
AT&T, Inc.
2.25
2-1-2032
 
130,000
111,901
AT&T, Inc.
4.50
5-15-2035
 
318,000
292,163
AT&T, Inc.
4.55
11-1-2032
 
419,000
402,399
AT&T, Inc.
4.65
6-1-2044
 
40,000
32,622
AT&T, Inc.
4.75
5-15-2046
 
150,000
120,306
T-Mobile USA, Inc.
2.40
3-15-2029
 
100,000
94,217
T-Mobile USA, Inc.
2.55
2-15-2031
 
410,000
368,020
T-Mobile USA, Inc.
3.88
4-15-2030
 
170,000
163,447
Verizon Communications, Inc.
1.75
1-20-2031
 
190,000
165,866
Verizon Communications, Inc.
2.36
3-15-2032
 
450,000
389,219
Verizon Communications, Inc.
4.40
11-1-2034
 
130,000
120,585
Verizon Communications, Inc.
4.81
3-15-2039
 
50,000
44,979
 
 
2,305,724
Consumer, cyclical:  1.58%
 
Auto manufacturers:  1.42%
 
American Honda Finance Corp.
2.25
1-12-2029
 
100,000
94,241
American Honda Finance Corp.
4.40
9-5-2029
 
288,000
283,539
American Honda Finance Corp.
4.45
1-8-2031
 
60,000
58,313
BMW U.S. Capital LLC144A
4.50
8-11-2030
 
70,000
68,453
BMW U.S. Capital LLC144A
4.65
8-13-2029
 
50,000
49,542
BMW U.S. Capital LLC144A
4.65
3-19-2031
 
70,000
68,316
BMW U.S. Capital LLC144A
5.05
3-21-2030
 
45,000
44,895
BMW U.S. Capital LLC144A
5.20
8-6-2031
 
170,000
169,237
Daimler Truck Finance North America LLC144A
5.40
9-20-2028
 
330,000
333,442
Ford Motor Credit Co. LLC
3.63
6-17-2031
 
200,000
181,472
General Motors Financial Co., Inc.
2.40
10-15-2028
 
240,000
228,182
General Motors Financial Co., Inc.
2.70
6-10-2031
 
200,000
178,182
General Motors Financial Co., Inc.
4.30
4-6-2029
 
80,000
78,672
Hyundai Capital America144A
5.00
4-7-2031
 
50,000
49,404
Hyundai Capital America144A
5.30
1-8-2030
 
190,000
190,817
Mercedes-Benz Finance North America LLC144A
4.85
1-11-2029
 
150,000
149,676
Mercedes-Benz Finance North America LLC144A
5.00
4-1-2030
 
150,000
149,319
Toyota Motor Credit Corp.
5.10
3-21-2031
 
120,000
120,610
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 5

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Auto manufacturers(continued)
 
Toyota Motor Credit Corp. Series B
5.00
%
7-8-2033
$
140,000
$137,967
Volkswagen Group of America Finance LLC144A
4.60
6-8-2029
 
200,000
197,032
 
 
2,831,311
Retail:  0.16%
 
AutoZone, Inc.
4.95
7-15-2031
 
90,000
89,180
Lowe’s Cos., Inc.
3.75
4-1-2032
 
240,000
223,437
 
 
312,617
Consumer, non-cyclical:  3.69%
 
Biotechnology:  0.03%
 
Amgen, Inc.
4.20
2-19-2031
 
70,000
67,819
Commercial services:  1.44%
 
Cornell University Series 2025
4.73
6-15-2035
 
555,000
537,484
Equifax, Inc.
2.35
9-15-2031
 
120,000
104,657
Equifax, Inc.
4.80
9-15-2029
 
50,000
49,740
Equifax, Inc.
5.10
6-1-2028
 
338,000
339,413
Equifax, Inc.
5.65
8-15-2033
 
10,000
10,017
Experian Finance U.S., Inc.144A
5.35
8-24-2036
 
310,000
301,400
J Paul Getty Trust
4.91
4-1-2035
 
450,000
442,809
Leland Stanford Junior University
4.68
3-1-2035
 
420,000
406,896
Massachusetts Institute of Technology
3.96
7-1-2038
 
100,000
89,477
Massachusetts Institute of Technology
5.62
6-1-2055
 
115,000
113,043
RELX Capital, Inc.
5.25
3-27-2035
 
100,000
98,283
University of Southern California
3.03
10-1-2039
 
340,000
272,687
Verisk Analytics, Inc.
4.45
3-15-2031
 
100,000
96,859
 
 
2,862,765
Food:  0.30%
 
Ingredion, Inc.
2.90
6-1-2030
 
218,000
202,625
Mars, Inc.144A
5.00
3-1-2032
 
196,000
194,559
McCormick & Co., Inc.
2.50
4-15-2030
 
220,000
201,940
 
 
599,124
Healthcare-products:  0.47%
 
Agilent Technologies, Inc.
2.10
6-4-2030
 
110,000
99,264
Agilent Technologies, Inc.
2.75
9-15-2029
 
50,000
47,031
Baxter International, Inc.
2.27
12-1-2028
 
370,000
348,688
GE HealthCare Technologies, Inc.
4.80
8-14-2029
 
160,000
159,918
GE HealthCare Technologies, Inc.
5.86
3-15-2030
 
110,000
112,835
GE HealthCare Technologies, Inc.
5.91
11-22-2032
 
110,000
113,673
Revvity, Inc.
1.90
9-15-2028
 
50,000
47,157
 
 
928,566
Healthcare-services:  0.72%
 
Ascension Health Series 2025
4.92
11-15-2035
 
195,000
188,565
Health Care Service Corp. A Mutual Legal Reserve Co.144A
2.20
6-1-2030
 
110,000
99,020
The accompanying notes are an integral part of these financial statements.
6 | Allspring Broad Market Core Bond ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Healthcare-services(continued)
 
Health Care Service Corp. A Mutual Legal Reserve Co.144A
5.20
%
6-15-2029
$
140,000
$140,537
Laboratory Corp. of America Holdings
4.35
4-1-2030
 
140,000
137,012
Mayo Clinic Series 2021
3.20
11-15-2061
 
100,000
60,240
Providence St. Joseph Health Obligated Group Series H
2.75
10-1-2026
 
100,000
99,897
Stanford Health Care Series 2020
3.31
8-15-2030
 
360,000
340,643
Sutter Health
5.16
8-15-2033
 
145,000
144,159
UnitedHealth Group, Inc.
5.15
7-15-2034
 
232,000
229,135
 
 
1,439,208
Household products/wares:  0.05%
 
Clorox Co.
4.70
5-15-2031
 
110,000
107,851
Pharmaceuticals:  0.68%
 
Becton Dickinson & Co.
1.96
2-11-2031
 
200,000
175,282
Becton Dickinson & Co.
4.30
8-22-2032
 
50,000
47,745
Becton Dickinson & Co.
4.87
2-8-2029
 
90,000
90,041
CVS Health Corp.
1.75
8-21-2030
 
170,000
149,768
CVS Health Corp.
5.13
2-21-2030
 
170,000
170,637
CVS Health Corp.
5.25
2-21-2033
 
380,000
378,731
EMD Finance LLC144A
4.63
10-15-2032
 
350,000
338,677
 
 
1,350,881
Energy:  2.61%
 
Oil & gas:  0.69%
 
BP Capital Markets America, Inc.
4.89
9-11-2033
 
140,000
137,424
Devon Energy Corp.144A
3.90
5-15-2027
 
90,000
89,636
Devon Energy Corp.144A
4.38
3-15-2029
 
160,000
158,115
EOG Resources, Inc.
5.00
7-15-2032
 
210,000
208,799
Marathon Petroleum Corp.
5.15
3-1-2030
 
360,000
362,261
Phillips 66 Co.
5.25
6-15-2031
 
410,000
416,478
 
 
1,372,713
Oil & gas services:  0.30%
 
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.
4.35
6-15-2031
 
210,000
203,523
Halliburton Co.
2.92
3-1-2030
 
430,000
401,659
 
 
605,182
Pipelines:  1.62%
 
Energy Transfer LP
3.75
5-15-2030
 
350,000
334,565
Energy Transfer LP
6.40
12-1-2030
 
220,000
230,468
Enterprise Products Operating LLC
4.60
1-15-2031
 
140,000
138,107
Florida Gas Transmission Co. LLC144A
2.30
10-1-2031
 
200,000
174,500
Gulfstream Natural Gas System LLC144A
5.60
7-23-2035
 
200,000
198,202
Kinder Morgan, Inc.
5.15
6-1-2030
 
370,000
372,878
MPLX LP
4.95
9-1-2032
 
290,000
284,359
MPLX LP
5.00
3-1-2033
 
150,000
146,820
MPLX LP
5.40
9-15-2035
 
50,000
48,990
ONEOK, Inc.
3.25
6-1-2030
 
125,000
117,154
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 7

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Pipelines(continued)
 
ONEOK, Inc.
4.40
%
10-15-2029
$
20,000
$19,715
ONEOK, Inc.
4.95
10-15-2032
 
110,000
107,670
Plains All American Pipeline LP/PAA Finance Corp.
5.70
9-15-2034
 
140,000
140,340
Sabine Pass Liquefaction LLC
4.50
5-15-2030
 
356,000
350,030
Transcontinental Gas Pipe Line Co. LLC
3.25
5-15-2030
 
80,000
75,477
Williams Cos., Inc.
4.65
8-15-2032
 
85,000
82,414
Williams Cos., Inc.
4.90
3-15-2029
 
310,000
310,453
Williams Cos., Inc.
5.65
3-15-2033
 
100,000
101,281
 
 
3,233,423
Financial:  9.35%
 
Banks:  5.09%
 
Bank of America Corp. (U.S. SOFR+1.21%)±
2.57
10-20-2032
 
250,000
220,365
Bank of America Corp. (U.S. SOFR+1.33%)±
2.97
2-4-2033
 
50,000
44,564
Bank of America Corp. (U.S. SOFR+1.37%)±
1.92
10-24-2031
 
416,000
366,255
Bank of America Corp. (U.S. SOFR+1.53%)±
1.90
7-23-2031
 
300,000
266,208
Bank of America Corp. (U.S. SOFR 3 Month+1.30%)±
3.42
12-20-2028
 
90,000
88,573
Bank of America Corp. (U.S. SOFR 3 Month+1.33%)±
3.97
3-5-2029
 
50,000
49,416
Bank of New York Mellon Corp. (U.S. SOFR+1.23%)±
5.06
7-22-2032
 
150,000
149,670
Bank of New York Mellon Corp. (U.S. SOFR+1.42%)±
4.29
6-13-2033
 
230,000
219,353
Citigroup, Inc. (U.S. SOFR+1.17%)±
2.56
5-1-2032
 
150,000
133,398
Citigroup, Inc. (U.S. SOFR+1.18%)±
2.52
11-3-2032
 
130,000
113,789
Citigroup, Inc. (U.S. SOFR+1.35%)±
3.06
1-25-2033
 
50,000
44,709
Citigroup, Inc. (U.S. SOFR+1.94%)±
3.79
3-17-2033
 
310,000
287,407
Citigroup, Inc. (U.S. SOFR+2.09%)±
4.91
5-24-2033
 
140,000
137,215
Citigroup, Inc. (U.S. SOFR+2.11%)±
2.57
6-3-2031
 
352,000
321,277
Citigroup, Inc. (U.S. SOFR+3.91%)±
4.41
3-31-2031
 
60,000
58,674
Citizens Financial Group, Inc. (U.S. SOFR+1.26%)±
5.25
3-5-2031
 
310,000
310,254
Depository Trust Co.144A
4.55
3-27-2031
 
250,000
245,572
Fifth Third Bancorp (U.S. SOFR+2.13%)±
4.77
7-28-2030
 
410,000
407,064
Goldman Sachs Group, Inc. (U.S. SOFR+1.09%)±
1.99
1-27-2032
 
230,000
200,420
Goldman Sachs Group, Inc. (U.S. SOFR+1.21%)±
5.05
7-23-2030
 
360,000
359,881
Goldman Sachs Group, Inc. (U.S. SOFR+1.25%)±
2.38
7-21-2032
 
170,000
148,417
Goldman Sachs Group, Inc. (U.S. SOFR+1.28%)±
2.62
4-22-2032
 
260,000
231,020
Goldman Sachs Group, Inc. (U.S. SOFR+1.41%)±
3.10
2-24-2033
 
300,000
267,900
Huntington Bancshares, Inc.
2.55
2-4-2030
 
110,000
101,038
Huntington Bancshares, Inc. (U.S. SOFR+2.05%)±
5.02
5-17-2033
 
140,000
137,144
JPMorgan Chase & Co. (U.S. SOFR+1.18%)±
2.55
11-8-2032
 
290,000
254,916
JPMorgan Chase & Co. (U.S. SOFR+1.31%)±
5.01
1-23-2030
 
90,000
90,273
JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.11%)±
1.76
11-19-2031
 
320,000
279,584
JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.25%)±
2.58
4-22-2032
 
430,000
383,990
KeyBank National Association
3.90
4-13-2029
 
300,000
291,519
M&T Bank Corp. (U.S. SOFR+1.40%)±
5.18
7-8-2031
 
120,000
119,863
M&T Bank Corp. (U.S. SOFR+1.85%)±
5.05
1-27-2034
 
140,000
136,156
Morgan Stanley (U.S. SOFR+1.11%)±
5.23
1-15-2031
 
195,000
195,755
Morgan Stanley (U.S. SOFR+1.18%)±
2.24
7-21-2032
 
240,000
208,306
Morgan Stanley (U.S. SOFR+1.26%)±
5.66
4-18-2030
 
80,000
81,226
Morgan Stanley (U.S. SOFR+1.45%)±
5.17
1-16-2030
 
320,000
321,453
The accompanying notes are an integral part of these financial statements.
8 | Allspring Broad Market Core Bond ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Banks(continued)
 
Morgan Stanley (U.S. SOFR+1.51%)±
5.19
%
4-17-2031
$
300,000
$300,546
Morgan Stanley (U.S. SOFR+1.63%)±
5.45
7-20-2029
 
80,000
80,867
Morgan Stanley (U.S. SOFR+2.08%)±
4.89
7-20-2033
 
50,000
48,865
Morgan Stanley (U.S. SOFR 3 Month+1.89%)±
4.43
1-23-2030
 
110,000
108,684
PNC Financial Services Group, Inc. (U.S. SOFR+1.93%)±
5.07
1-24-2034
 
50,000
49,136
PNC Financial Services Group, Inc. (U.S. SOFR+2.14%)±
6.04
10-28-2033
 
360,000
372,060
State Street Bank & Trust Co.
5.22
7-23-2034
 
250,000
248,962
State Street Corp. (U.S. SOFR+1.00%)±
2.62
2-7-2033
 
50,000
44,040
State Street Corp. (U.S. SOFR+1.61%)±
4.42
5-13-2033
 
190,000
182,987
Truist Bank
2.25
3-11-2030
 
250,000
226,905
Truist Bank (5 Year Treasury Constant Maturity+1.15%)±
4.63
9-17-2029
 
250,000
245,992
U.S. Bancorp (U.S. SOFR+1.25%)±
5.10
7-23-2030
 
90,000
90,467
U.S. Bancorp (U.S. SOFR+2.09%)±
5.85
10-21-2033
 
350,000
358,869
Wells Fargo & Co. (U.S. SOFR+1.11%)±
5.24
1-24-2031
 
95,000
95,512
Wells Fargo & Co. (U.S. SOFR+1.50%)±
3.35
3-2-2033
 
120,000
108,887
Wells Fargo & Co. (U.S. SOFR+1.50%)±
5.15
4-23-2031
 
20,000
20,039
Wells Fargo & Co. (U.S. SOFR+2.02%)±
5.39
4-24-2034
 
300,000
299,655
 
 
10,155,097
Diversified financial services:  0.48%
 
American Express Co. (U.S. SOFR+1.44%)±
5.02
4-25-2031
 
90,000
90,115
American Express Co. (U.S. SOFR+1.94%)±
6.49
10-30-2031
 
280,000
294,804
Capital One Financial Corp. (U.S. SOFR+1.25%)±
4.49
9-11-2031
 
75,000
73,034
Capital One Financial Corp. (U.S. SOFR+1.79%)±
3.27
3-1-2030
 
340,000
326,574
Capital One Financial Corp. (U.S. SOFR+2.37%)±
5.27
5-10-2033
 
140,000
138,272
Voya Global Funding144A
4.60
11-24-2030
 
40,000
38,976
 
 
961,775
Insurance:  1.63%
 
American International Group, Inc.
4.85
5-7-2030
 
40,000
39,880
Aon Corp.
3.75
5-2-2029
 
120,000
116,598
Aon North America, Inc.
5.15
3-1-2029
 
90,000
90,614
Chubb INA Holdings LLC
5.30
5-20-2036
 
230,000
226,732
Corebridge Global Funding144A
5.20
1-12-2029
 
100,000
100,401
Corebridge Global Funding144A
5.90
9-19-2028
 
160,000
162,874
Guardian Life Global Funding144A
4.92
4-30-2033
 
310,000
303,102
Marsh & McLennan Cos., Inc.
2.38
12-15-2031
 
150,000
131,234
MassMutual Global Funding II144A
4.35
9-17-2031
 
200,000
192,410
Metropolitan Life Global Funding I144A
2.95
4-9-2030
 
150,000
139,706
Mutual of Omaha Cos. Global Funding144A
4.75
10-15-2029
 
100,000
99,072
Mutual of Omaha Cos. Global Funding144A
5.45
12-12-2028
 
280,000
283,074
New York Life Global Funding144A
1.20
8-7-2030
 
30,000
26,010
New York Life Insurance Co.144A
5.88
5-15-2033
 
160,000
163,053
NLG Global Funding144A
4.35
9-15-2030
 
95,000
92,207
NLG Global Funding144A
5.40
1-23-2030
 
105,000
105,644
Pacific Life Global Funding II144A
2.45
1-11-2032
 
180,000
157,793
Pacific Life Global Funding II144A
4.90
1-11-2029
 
80,000
80,076
Principal Life Global Funding II144A
5.10
1-25-2029
 
80,000
80,303
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 9

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Insurance(continued)
 
Protective Life Global Funding144A
4.83
%
4-14-2031
$
150,000
$147,211
Protective Life Global Funding144A
5.22
6-12-2029
 
150,000
150,810
Teachers Insurance & Annuity Association of America144A
4.90
9-15-2044
 
170,000
145,717
Travelers Cos., Inc.
4.95
7-24-2031
 
210,000
209,187
 
 
3,243,708
REITs:  2.15%
 
Agree LP
2.90
10-1-2030
 
240,000
220,555
Alexandria Real Estate Equities, Inc.
2.00
5-18-2032
 
200,000
166,228
Alexandria Real Estate Equities, Inc.
3.38
8-15-2031
 
120,000
109,393
Alexandria Real Estate Equities, Inc.
3.95
1-15-2028
 
30,000
29,637
CubeSmart LP
2.25
12-15-2028
 
200,000
188,928
CubeSmart LP
4.38
2-15-2029
 
150,000
148,155
Digital Realty Trust LP
4.45
7-15-2028
 
90,000
89,378
DOC Dr. LLC
2.63
11-1-2031
 
170,000
150,115
ERP Operating LP
4.35
12-1-2030
 
80,000
78,095
ERP Operating LP
5.45
10-1-2036
 
120,000
119,086
Extra Space Storage LP
2.35
3-15-2032
 
120,000
103,002
Extra Space Storage LP
3.90
4-1-2029
 
170,000
165,619
Extra Space Storage LP
4.95
1-15-2033
 
40,000
38,938
Extra Space Storage LP
5.50
7-1-2030
 
110,000
111,223
Federal Realty OP LP
3.20
6-15-2029
 
150,000
143,484
Federal Realty OP LP
5.38
5-1-2028
 
120,000
121,004
Healthpeak OP LLC
3.50
7-15-2029
 
170,000
163,389
Kimco Realty OP LLC
2.25
12-1-2031
 
95,000
82,850
NNN REIT, Inc.
4.30
10-15-2028
 
90,000
89,132
NNN REIT, Inc.
4.60
2-15-2031
 
200,000
196,138
Prologis LP
1.75
7-1-2030
 
110,000
97,948
Prologis LP
1.75
2-1-2031
 
228,000
198,627
Realty Income Corp.
4.75
4-15-2033
 
260,000
252,062
Regency Centers LP
5.00
7-15-2032
 
80,000
79,203
Rexford Industrial Realty LP
5.00
6-15-2028
 
240,000
240,502
UDR, Inc.
2.10
8-1-2032
 
170,000
142,421
UDR, Inc.
3.00
8-15-2031
 
170,000
153,801
UDR, Inc.
3.20
1-15-2030
 
40,000
37,737
Ventas Realty LP
2.50
9-1-2031
 
30,000
26,437
Ventas Realty LP
4.40
1-15-2029
 
90,000
89,118
Welltower OP LLC
2.75
1-15-2032
 
130,000
115,895
Welltower OP LLC
2.80
6-1-2031
 
30,000
27,246
Weyerhaeuser Co.
3.38
3-9-2033
 
180,000
160,427
Weyerhaeuser Co.
4.00
4-15-2030
 
150,000
144,869
 
 
4,280,642
Industrial:  1.44%
 
Aerospace/defense:  0.46%
 
Boeing Co.
5.15
5-1-2030
 
140,000
140,403
Boeing Co.
5.71
5-1-2040
 
120,000
118,001
HEICO Corp.
4.95
8-1-2031
 
200,000
198,646
The accompanying notes are an integral part of these financial statements.
10 | Allspring Broad Market Core Bond ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Aerospace/defense(continued)
 
Hexcel Corp.
4.90
%
5-15-2031
$
10,000
$9,821
Honeywell Aerospace, Inc.
4.60
3-16-2033
 
90,000
87,019
L3Harris Technologies, Inc.
5.40
7-31-2033
 
328,000
329,342
RTX Corp.
2.38
3-15-2032
 
50,000
43,610
 
 
926,842
Building materials:  0.37%
 
Amrize Finance U.S. LLC
4.95
4-7-2030
 
100,000
99,754
Lennox International, Inc.
5.50
9-15-2028
 
90,000
91,116
Martin Marietta Materials, Inc.
2.40
7-15-2031
 
300,000
264,507
Martin Marietta Materials, Inc.
5.40
1-30-2034
 
70,000
70,031
Masco Corp.
2.00
10-1-2030
 
240,000
212,338
 
 
737,746
Machinery-construction & mining:  0.12%
 
Oshkosh Corp.
3.10
3-1-2030
 
255,000
239,782
Machinery-diversified:  0.16%
 
CNH Industrial Capital LLC
4.95
6-25-2031
 
180,000
177,640
CNH Industrial Capital LLC
5.10
4-20-2029
 
140,000
140,353
 
 
317,993
Miscellaneous manufacturing:  0.10%
 
Eaton Corp.
4.20
3-6-2031
 
200,000
193,676
Packaging & containers:  0.19%
 
Packaging Corp. of America
5.70
12-1-2033
 
140,000
142,850
WRKCo, Inc.
4.20
6-1-2032
 
249,000
236,204
 
 
379,054
Transportation:  0.04%
 
Norfolk Southern Corp.
5.10
8-1-2118
 
100,000
84,962
Technology:  1.95%
 
Computers:  0.51%
 
Accenture Capital, Inc.
5.00
7-10-2031
 
190,000
189,288
Hewlett Packard Enterprise Co.
4.55
10-15-2029
 
430,000
424,341
HP, Inc.
4.00
4-15-2029
 
410,000
400,644
 
 
1,014,273
Semiconductors:  0.49%
 
Advanced Micro Devices, Inc.
5.25
8-17-2033
 
110,000
108,778
Broadcom, Inc.
4.20
10-15-2030
 
190,000
182,731
Intel Corp.
2.00
8-12-2031
 
220,000
189,063
Intel Corp.
3.90
3-25-2030
 
100,000
96,183
Intel Corp.
5.00
2-21-2031
 
80,000
79,563
Intel Corp.
5.30
5-15-2036
 
100,000
96,468
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 11

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Semiconductors(continued)
 
Microchip Technology, Inc.
5.05
%
3-15-2029
$
50,000
$50,143
Microchip Technology, Inc.
5.05
2-15-2030
 
180,000
179,172
 
 
982,101
Software:  0.95%
 
Fidelity National Information Services, Inc.
4.80
3-10-2031
 
180,000
176,323
Fiserv, Inc.
3.50
7-1-2029
 
140,000
134,113
Fiserv, Inc.
4.55
2-15-2031
 
40,000
38,629
Fiserv, Inc.
4.75
3-15-2030
 
200,000
196,878
Oracle Corp.
2.88
3-25-2031
 
235,000
205,832
Oracle Corp.
3.80
11-15-2037
 
160,000
121,634
Oracle Corp.
3.85
7-15-2036
 
100,000
79,383
Oracle Corp.
5.70
2-4-2036
 
365,000
337,486
Oracle Corp.
5.88
9-26-2045
 
195,000
161,066
Roper Technologies, Inc.
2.95
9-15-2029
 
140,000
132,238
Roper Technologies, Inc.
4.45
9-15-2030
 
80,000
78,105
Roper Technologies, Inc.
4.50
10-15-2029
 
100,000
98,697
Take-Two Interactive Software, Inc.
5.40
6-12-2029
 
130,000
131,527
 
 
1,891,911
Utilities:  3.85%
 
Electric:  3.61%
 
Alabama Power Co.
5.85
11-15-2033
 
70,000
72,321
Alliant Energy Finance LLC144A
3.60
3-1-2032
 
190,000
174,462
Ameren Missouri Securitization Funding I LLC Series A-1
4.85
10-1-2039
 
187,840
183,170
American Transmission Systems, Inc.144A
2.65
1-15-2032
 
200,000
176,392
Appalachian Power Recovery Funding LLC Series A-3
5.84
4-1-2046
 
660,000
655,670
Black Hills Corp.
4.35
5-1-2033
 
200,000
186,410
Black Hills Corp.
4.55
1-31-2031
 
200,000
194,834
CenterPoint Energy Houston Electric LLC
5.15
3-1-2034
 
80,000
79,153
CenterPoint Energy Restoration Bond Co. III LLC Series A-3
4.86
12-15-2039
 
440,000
418,704
Commonwealth Edison Co. Series 132
3.15
3-15-2032
 
150,000
136,361
Commonwealth Edison Co. Series 133
3.85
3-15-2052
 
180,000
128,018
Connecticut Light & Power Co.
4.95
1-15-2030
 
300,000
300,618
Consumers Securitization Funding LLC Series A2
5.21
9-1-2030
 
397,000
398,485
Dominion Energy South Carolina, Inc.
6.25
10-15-2053
 
130,000
132,769
Duke Energy Carolinas LLC
6.00
1-15-2038
 
250,000
257,527
Duke Energy Carolinas LLC
6.05
4-15-2038
 
110,000
114,156
Duke Energy Progress LLC
4.10
3-15-2043
 
120,000
96,558
Entergy Arkansas LLC
4.95
1-15-2036
 
200,000
191,642
Entergy Arkansas LLC
5.15
1-15-2033
 
150,000
149,400
Entergy Arkansas LLC
5.45
6-1-2034
 
90,000
90,670
Evergy Kansas Central, Inc.
5.25
3-15-2035
 
350,000
343,672
FirstEnergy Transmission LLC144A
2.87
9-15-2028
 
100,000
96,129
Florida Power & Light Co.
5.30
4-1-2053
 
40,000
35,801
Indianapolis Power & Light Co.144A
5.65
12-1-2032
 
100,000
102,099
Indianapolis Power & Light Co.144A
5.70
4-1-2054
 
330,000
310,322
Interstate Power & Light Co.
4.95
9-30-2034
 
100,000
96,165
The accompanying notes are an integral part of these financial statements.
12 | Allspring Broad Market Core Bond ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Electric(continued)
 
Kentucky Utilities Co. Series KENT
5.45
%
4-15-2033
$
70,000
$70,547
Louisville Gas & Electric Co. Series LOU
5.45
4-15-2033
 
210,000
211,753
NorthWestern Corp.144A
5.07
3-21-2030
 
160,000
160,104
Oncor Electric Delivery Co. LLC
4.15
6-1-2032
 
20,000
19,013
Oncor Electric Delivery Co. LLC
4.60
6-1-2052
 
190,000
151,571
Public Service Co. of New Hampshire
5.35
10-1-2033
 
90,000
90,334
Public Service Electric & Gas Co.
3.10
3-15-2032
 
110,000
99,694
Public Service Electric & Gas Co.
3.95
5-1-2042
 
100,000
80,669
Public Service Electric & Gas Co.
5.20
3-1-2034
 
10,000
9,960
Puget Sound Energy, Inc.
5.33
6-15-2034
 
90,000
90,000
Puget Sound Energy, Inc.
5.45
6-1-2053
 
130,000
118,914
Rochester Gas & Electric Corp.144A
1.85
12-1-2030
 
140,000
121,426
Tucson Electric Power Co.
1.50
8-1-2030
 
100,000
87,619
Tucson Electric Power Co.
3.25
5-15-2032
 
70,000
63,361
Union Electric Co.
5.20
4-1-2034
 
150,000
148,929
Union Electric Co.
5.45
3-15-2053
 
320,000
293,414
Virginia Power Fuel Securitization LLC Series A-2
4.88
5-1-2031
 
100,000
100,156
Wisconsin Power & Light Co.
5.38
3-30-2034
 
70,000
69,742
Wisconsin Public Service Corp.
4.25
1-15-2031
 
100,000
97,088
 
 
7,205,802
Gas:  0.24%
 
Atmos Energy Corp.
4.75
1-15-2032
 
200,000
196,514
CenterPoint Energy Resources Corp.
1.75
10-1-2030
 
70,000
61,765
Southern Co. Gas Capital Corp.
4.95
9-15-2034
 
170,000
164,399
Spire Missouri, Inc. Series 2034
5.15
8-15-2034
 
50,000
49,366
 
 
472,044
Total corporate bonds and notes (Cost $54,630,162)
 
53,949,252
Municipal obligations:  4.17%
 
California:  0.53%
 
GO revenue:  0.36%
 
Foothill-De Anza Community College District Series E
3.22
8-1-2038
 
225,000
194,404
Los Angeles Community College District
1.81
8-1-2030
 
100,000
90,993
San Diego Community College District
2.38
8-1-2033
 
10,000
8,470
State of California
5.75
10-1-2031
 
150,000
156,571
State of California
7.55
4-1-2039
 
235,000
270,841
 
 
721,279
Tax revenue:  0.17%
 
San Jose Redevelopment Agency Successor Agency Series A-T
3.38
8-1-2034
 
375,000
342,930
 
 
1,064,209
Colorado:  0.12%
 
GO revenue:  0.12%
 
Denver City & County School District No. 1 Series C
5.66
12-1-2033
 
245,000
246,409
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 13

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Hawaii:  0.23%
 
GO revenue:  0.23%
 
State of Hawaii Series GQ
4.95
%
10-1-2038
$
130,000
$125,840
State of Hawaii Series GQ
5.03
10-1-2039
 
335,000
325,162
 
 
451,002
Louisiana:  0.07%
 
Miscellaneous revenue:  0.07%
 
Louisiana Local Government Environmental Facilities & CDA Utilities
Restoration Corp. ELL System Restoration Revenue Series A
4.48
8-1-2039
 
100,000
93,955
Louisiana Local Government Environmental Facilities & CDA Utilities
Restoration Corp. ELL System Restoration Revenue Series A1
5.05
12-1-2034
 
50,000
50,167
 
 
144,122
Massachusetts:  0.48%
 
GO revenue:  0.33%
 
Commonwealth of Massachusetts
5.46
12-1-2039
 
420,000
416,248
Commonwealth of Massachusetts Series C
2.51
7-1-2041
 
125,000
93,419
Commonwealth of Massachusetts Series D
2.66
9-1-2039
 
193,150
159,100
 
 
668,767
Miscellaneous revenue:  0.01%
 
Commonwealth of Massachusetts COVID-19 Recovery Assessment
Revenue Series B
4.11
7-15-2031
 
16,914
16,522
Tax revenue:  0.14%
 
Massachusetts School Building Authority
5.72
8-15-2039
 
275,000
277,544
 
 
962,833
Michigan:  0.43%
 
Education revenue:  0.25%
 
University of Michigan Series A
5.59
4-1-2040
 
500,000
496,022
Health revenue:  0.18%
 
Michigan Finance Authority Trinity Health Corp. Obligated Group
Series T
3.08
12-1-2034
 
410,000
363,585
 
 
859,607
Nebraska:  0.11%
 
Education revenue:  0.11%
 
University of Nebraska Facilities Corp. Series A
3.19
10-1-2039
 
250,000
207,326
New York:  0.52%
 
GO revenue:  0.02%
 
State of New York Series B
2.36
2-15-2027
 
40,000
39,716
Tax revenue:  0.32%
 
New York City Transitional Finance Authority Future Tax Secured
Revenue Series I-2
5.22
5-1-2033
 
200,000
202,190
The accompanying notes are an integral part of these financial statements.
14 | Allspring Broad Market Core Bond ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Tax revenue(continued)
 
New York State Dormitory Authority Personal Income Tax Revenue
Series D
5.50
%
3-15-2030
$
2,992
$3,000
New York State Dormitory Authority Personal Income Tax Revenue
Series F
5.63
3-15-2039
 
430,000
430,468
 
 
635,658
Water & sewer revenue:  0.18%
 
New York City Municipal Water Finance Authority Water & Sewer
System Series GG
5.72
6-15-2042
 
375,000
365,012
 
 
1,040,386
Ohio:  0.22%
 
GO revenue:  0.11%
 
County of Cuyahoga Series B
6.03
12-1-2034
 
200,000
204,877
Health revenue:  0.11%
 
Ohio Higher Educational Facility Commission Cleveland Clinic Health
System Obligated Group
4.72
1-1-2032
 
100,000
99,596
State of Ohio Cleveland Clinic Health System Obligated Group
Series G
3.28
1-1-2042
 
150,000
124,056
 
 
223,652
 
 
428,529
Oklahoma:  0.24%
 
Utilities revenue:  0.24%
 
Oklahoma Development Finance Authority Series 2022-ONG
4.38
11-1-2045
 
420,000
384,222
Oklahoma Development Finance Authority Series A-2
4.85
2-1-2045
 
100,000
94,879
 
 
479,101
Oregon:  0.30%
 
GO revenue:  0.11%
 
State of Oregon
5.89
6-1-2027
 
26,093
26,343
State of Oregon Series A
5.90
8-1-2038
 
180,000
189,927
 
 
216,270
Miscellaneous revenue:  0.19%
 
Oregon State Lottery Series B
4.74
4-1-2034
 
385,000
379,034
 
 
595,304
Texas:  0.70%
 
Education revenue:  0.12%
 
Waco Educational Finance Corp. Baylor University Series B
4.87
3-1-2030
 
250,000
250,966
GO revenue:  0.23%
 
State of Texas
5.52
4-1-2039
 
351,491
348,435
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 15

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
GO revenue(continued)
 
State of Texas Series A
4.68
%
4-1-2040
$
55,000
$51,691
Texas Transportation Commission Mobility Fund
2.47
10-1-2044
 
75,000
50,425
 
 
450,551
Tax revenue:  0.10%
 
Dallas Area Rapid Transit Series B
6.00
12-1-2044
 
200,000
199,475
Utilities revenue:  0.25%
 
Texas Natural Gas Securitization Finance Corp. Series 2023-1
5.17
4-1-2041
 
500,000
492,330
 
 
1,393,322
Virginia:  0.22%
 
Housing revenue:  0.22%
 
Virginia College Building Authority Series 2020B
1.97
2-1-2032
 
150,000
129,560
Virginia Resources Authority Series B
5.70
11-1-2039
 
310,000
314,089
 
 
443,649
Total municipal obligations (Cost $8,444,017)
 
8,315,799
Non-agency mortgage-backed securities:  5.94%
 
ALA Trust Series 2025-OANA Class A (U.S. SOFR 1
Month+1.74%)144A±
5.38
6-15-2040
 
240,000
240,775
Bank5 Series 2024-5YR10 Class A3
5.30
10-15-2057
 
490,000
492,008
Bank5 Series 2026-5YR21 Class A3
5.53
4-15-2059
 
350,000
354,173
Bank5 Series 2026-5YR24 Class A3
5.83
8-15-2031
 
435,000
446,109
Benchmark Mortgage Trust Series 2020-B16 Class A4
2.48
2-15-2053
 
350,000
324,448
BLP Commercial Mortgage Trust Series 2025-IND2 Class A (U.S. SOFR
1 Month+1.50%)144A±
5.14
12-15-2042
 
92,023
92,148
BMP Commercial Mortgage Trust Series 2024-MF23 Class A
(U.S. SOFR 1 Month+1.37%)144A±
5.01
6-15-2041
 
300,000
300,114
BOCA Commercial Mortgage Trust Series 2025-BOCA Class A
(U.S. SOFR 1 Month+1.60%)144A±
5.24
12-15-2042
 
280,000
280,183
BX Commercial Mortgage Trust Series 2024-AIRC Class A (U.S. SOFR
1 Month+1.69%)144A±
5.33
8-15-2041
 
535,969
537,965
BX Commercial Mortgage Trust Series 2024-GPA3 Class A (U.S. SOFR
1 Month+1.29%)144A±
4.93
12-15-2039
 
113,814
113,945
BX Commercial Mortgage Trust Series 2024-XL5 Class A (U.S. SOFR 1
Month+1.39%)144A±
5.03
3-15-2041
 
169,501
169,806
BX Commercial Mortgage Trust Series 2026-CSMO Class A
(U.S. SOFR 1 Month+1.40%)144A±
5.04
2-15-2043
 
205,000
205,523
BX Trust Series 2024-BIO Class A (U.S. SOFR 1 Month+1.64%)144A±
5.28
2-15-2041
 
150,000
149,252
BX Trust Series 2025-ARIA Class A144A±±
5.20
12-13-2042
 
180,000
178,078
BX Trust Series 2025-DIME Class A (U.S. SOFR 1
Month+1.15%)144A±
4.79
2-15-2035
 
665,000
661,603
BX Trust Series 2025-LUNR Class A (U.S. SOFR 1
Month+1.50%)144A±
5.14
6-15-2040
 
311,304
311,789
BX Trust Series 2025-ROIC Class A (U.S. SOFR 1
Month+1.14%)144A±
4.78
3-15-2030
 
260,268
259,673
The accompanying notes are an integral part of these financial statements.
16 | Allspring Broad Market Core Bond ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Non-agency mortgage-backed securities(continued)
 
BX Trust Series 2026-ORBT Class A (U.S. SOFR 1
Month+1.40%)144A±
5.04
%
7-15-2043
$
320,000
$320,492
BX Trust Series 2026-PNDA Class A (U.S. SOFR 1
Month+1.30%)144A±
4.94
5-15-2043
 
375,000
375,480
BX Trust Series 2026-RISE Class A (U.S. SOFR 1
Month+1.30%)144A±
4.94
4-15-2041
 
135,000
135,116
CSAIL Commercial Mortgage Trust Series 2020-C19 Class A2
2.32
3-15-2053
 
600,000
550,748
Extended Stay America Trust Series 2025-ESH Class A (U.S. SOFR 1
Month+1.30%)144A±
4.94
10-15-2042
 
181,591
181,847
Extended Stay America Trust Series 2026-ESH2 Class A (U.S. SOFR 1
Month+1.20%)144A±
4.84
2-15-2043
 
163,961
164,059
GS Mortgage Securities Trust Series 2019-GC42 Class A3
2.75
9-10-2052
 
350,000
328,574
GWT Trust Series 2024-WLF2 Class A (U.S. SOFR 1
Month+1.69%)144A±
5.33
5-15-2041
 
300,000
300,479
Hudson Yards Mortgage Trust Series 2025-SPRL Class A144A±±
5.65
1-13-2040
 
260,000
262,158
INTOWN Mortgage Trust Series 2025-STAY Class A (U.S. SOFR 1
Month+1.35%)144A±
4.99
3-15-2042
 
300,000
299,802
LBA Trust Series 2026-LBA6 Class A (U.S. SOFR 1
Month+1.20%)144A±
4.84
7-15-2043
 
290,000
289,940
MTN Commercial Mortgage Trust Series 2026-LPFX Class A144A±±
5.15
5-15-2043
 
380,000
374,583
National Commercial Mortgage Trust Series 2026-IND Class A
(U.S. SOFR 1 Month+1.35%)144A±
4.99
6-15-2043
 
160,000
160,200
NYC Commercial Mortgage Trust Series 2026-9W57 Class A144A±±
5.05
6-6-2040
 
160,000
157,496
ONNI Commercial Mortgage Trust Series 2024-APT Class A144A±±
5.75
7-15-2039
 
350,000
350,608
PLYM Commercial Mortgage Trust Series 2026-IND Class A
(U.S. SOFR 1 Month+1.25%)144A±
4.89
3-15-2043
 
286,188
286,048
ROCK Trust Series 2024-CNTR Class A144A
5.39
11-13-2041
 
150,000
150,443
SHOPS Commercial Mortgage Trust Series 2026-CSTL
Class A144A±±
4.97
5-5-2039
 
200,000
196,203
SHR Trust Series 2024-LXRY Class A (U.S. SOFR 1
Month+1.95%)144A±
5.59
10-15-2041
 
385,000
385,865
SLG Office Trust Series 2026-OMA Class A144A±±
5.13
4-15-2041
 
135,000
133,338
SMRT Commercial Mortgage Trust Series 2022-MINI Class A
(U.S. SOFR 1 Month+1.00%)144A±
4.64
1-15-2039
 
170,000
169,950
SWCH Commercial Mortgage Trust Series 2025-DATA Class A
(U.S. SOFR 1 Month+1.44%)144A±
5.08
2-15-2042
 
100,000
99,002
TCO Commercial Mortgage Trust Series 2024-DPM Class A (U.S. SOFR
1 Month+1.24%)144A±
4.88
12-15-2039
 
125,000
124,935
Wells Fargo Commercial Mortgage Trust Series 2019-C51 Class A3
3.06
6-15-2052
 
754,339
717,366
WHARF Commercial Mortgage Trust Series 2025-DC Class A144A±±
5.53
7-15-2040
 
225,000
225,417
Total non-agency mortgage-backed securities (Cost $11,917,538)
 
11,857,741
U.S. Treasury securities:  14.39%
 
U.S. Treasury Bonds
4.63
2-15-2046
 
6,970,000
6,448,339
U.S. Treasury Bonds
4.75
2-15-2056
 
11,095,000
10,275,010
U.S. Treasury Bonds
5.00
5-15-2046
 
7,520,000
7,299,100
U.S. Treasury Bonds
5.00
5-15-2056
 
200,000
192,813
U.S. Treasury Bonds
5.13
8-15-2046
 
300,000
295,875
U.S. Treasury Inflation-Indexed Notes
1.88
1-15-2036
 
2,749,552
2,624,641
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 17

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
U.S. Treasury securities(continued)
 
U.S. Treasury Inflation-Indexed Notes
2.38
%
7-15-2036
$
565,034
$562,650
U.S. Treasury Notes
4.13
6-30-2028
 
1,000,000
996,328
Total U.S. Treasury securities (Cost $29,598,263)
 
28,694,756
Yankee corporate bonds and notes:  3.82%
 
Basic materials:  0.47%
 
Chemicals:  0.14%
 
Nutrien Ltd.
2.95
5-13-2030
 
80,000
74,548
Nutrien Ltd.
5.25
3-12-2032
 
200,000
200,156
 
 
274,704
Mining:  0.33%
 
Anglo American Capital PLC144A
2.63
9-10-2030
 
400,000
363,852
South32 Treasury Ltd.144A
4.35
4-14-2032
 
310,000
298,062
 
 
661,914
Communications:  0.42%
 
Telecommunications:  0.42%
 
NTT Finance Corp.144A
5.17
7-16-2032
 
360,000
354,398
Orange SA144A
4.25
1-13-2031
 
200,000
192,804
Rogers Communications, Inc.
3.80
3-15-2032
 
140,000
128,645
Rogers Communications, Inc.
5.00
2-15-2029
 
164,000
163,913
 
 
839,760
Energy:  0.43%
 
Oil & gas:  0.14%
 
Canadian Natural Resources Ltd.
5.00
12-15-2029
 
290,000
290,577
Oil & gas services:  0.05%
 
Schlumberger Investment SA
4.80
5-7-2033
 
100,000
97,775
Pipelines:  0.24%
 
Enbridge, Inc.
3.13
11-15-2029
 
100,000
94,780
Enbridge, Inc.
5.70
3-8-2033
 
370,000
376,904
 
 
471,684
Financial:  2.00%
 
Banks:  2.00%
 
Bank of Montreal (U.S. SOFR+1.08%)±
4.35
9-22-2031
 
170,000
165,606
Bank of Montreal (U.S. SOFR+1.25%)±
4.64
9-10-2030
 
50,000
49,565
Bank of Nova Scotia (U.S. SOFR+1.07%)±
5.13
2-14-2031
 
320,000
320,224
Bank of Nova Scotia (U.S. SOFR+1.09%)±
4.34
9-15-2031
 
75,000
72,817
BNP Paribas SA (U.S. SOFR+1.22%)144A±
2.16
9-15-2029
 
300,000
283,542
Cooperatieve Rabobank UA (1 Year Treasury Constant
Maturity+0.92%)144A±
4.99
5-27-2031
 
250,000
248,930
HSBC Holdings PLC (U.S. SOFR+1.19%)±
2.80
5-24-2032
 
200,000
178,934
HSBC Holdings PLC (U.S. SOFR+1.29%)±
5.13
3-3-2031
 
200,000
199,516
HSBC Holdings PLC (U.S. SOFR+1.41%)±
2.87
11-22-2032
 
300,000
265,596
The accompanying notes are an integral part of these financial statements.
18 | Allspring Broad Market Core Bond ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Banks(continued)
 
HSBC Holdings PLC (U.S. SOFR+1.97%)±
6.16
%
3-9-2029
$
250,000
$254,860
Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant
Maturity+0.80%)±
4.53
9-12-2031
 
250,000
243,947
Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant
Maturity+0.95%)±
2.31
7-20-2032
 
300,000
261,789
Royal Bank of Canada (U.S. SOFR+1.03%)±
5.15
2-4-2031
 
50,000
50,150
Royal Bank of Canada (U.S. SOFR+1.06%)±
4.70
8-6-2031
 
100,000
98,510
Royal Bank of Canada (U.S. SOFR+1.10%)±
4.97
8-2-2030
 
190,000
190,167
Sumitomo Mitsui Financial Group, Inc.
3.04
7-16-2029
 
250,000
237,595
Sumitomo Mitsui Financial Group, Inc. (U.S. SOFR+1.05%)±
4.93
7-7-2032
 
200,000
197,064
Toronto-Dominion Bank
4.87
4-22-2033
 
240,000
233,890
UBS Group AG (1 Year Treasury Constant Maturity+1.00%)144A±
2.10
2-11-2032
 
300,000
262,185
UBS Group AG (1 Year Treasury Constant Maturity+1.10%)144A±
2.75
2-11-2033
 
200,000
175,210
 
 
3,990,097
Industrial:  0.38%
 
Aerospace/defense:  0.10%
 
BAE Systems PLC144A
5.25
3-26-2031
 
200,000
201,712
Building materials:  0.10%
 
CRH SMW Finance DAC
5.20
5-21-2029
 
200,000
201,672
Transportation:  0.18%
 
Canadian National Railway Co.
4.20
3-12-2031
 
140,000
135,689
Canadian Pacific Railway Co.
2.45
12-2-2031
 
250,000
219,863
 
 
355,552
Technology:  0.12%
 
Semiconductors:  0.12%
 
NXP BV/NXP Funding LLC/NXP USA, Inc.
2.65
2-15-2032
 
70,000
61,051
NXP BV/NXP Funding LLC/NXP USA, Inc.
4.85
8-19-2032
 
100,000
96,928
NXP BV/NXP Funding LLC/NXP USA, Inc.
5.00
1-15-2033
 
80,000
78,169
 
 
236,148
Total yankee corporate bonds and notes (Cost $7,659,362)
 
7,621,595
 
 
 
Yield
 
Shares
 
Short-term investments:  1.45%
 
Investment companies:  1.45%
 
Allspring Government Money Market Fund Select Class♠∞
3.60
 
2,906,487
2,906,487
Total short-term investments (Cost $2,906,487)
 
2,906,487
Total investments in securities (Cost $201,015,370)
99.32
%
 
198,106,461
Other assets and liabilities, net
0.68
 
1,346,440
Total net assets
100.00
%
 
$199,452,901
 
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 19

Portfolio of investments—August 31, 2026
 
 
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.
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.
±
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 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:
CDA
Community Development Authority
FHLMC
Federal Home Loan Mortgage Corporation
FNMA
Federal National Mortgage Association
GO
General obligation
REIT
Real estate investment trust
SBA
Small Business Administration
SOFR
Secured Overnight Financing Rate
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
$1,503,963
$70,743,362
$(69,340,838
)
$0
$0
$2,906,487
2,906,487
$112,045
The accompanying notes are an integral part of these financial statements.
20 | Allspring Broad Market Core Bond ETF

Statement of assets and liabilities—August 31, 2026 
Financial statements
Statement of assets and liabilities 
Assets
Investments in unaffiliated securities, at value (cost $198,108,883)
$195,199,974
Investments in affiliated securities, at value (cost $2,906,487)
2,906,487
Cash
504
Receivable for interest
1,591,959
Receivable for investments sold
277,765
Total assets
199,976,689
Liabilities
Payable for investments purchased
491,448
Management fee payable
32,340
Total liabilities
523,788
Total net assets
$199,452,901
Net assets consist of
Paid-in capital
$202,246,390
Total distributable loss
(2,793,489
)
Total net assets
$199,452,901
Net asset value per share
Based on $199,452,901 divided by 8,200,000 shares issued and outstanding (unlimited number of shares authorized)
$24.32
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 21

Statement of operations—year ended August 31, 2026
Statement of operations 
Investment income
Interest
$9,099,888
Income from affiliated securities
112,045
Total investment income
9,211,933
Expenses
Management fee
358,328
Interest expense
188
Total expenses
358,516
Net investment income
8,853,417
Realized and unrealized gains (losses) on investments
Net realized gains (losses) on
Unaffiliated securities
219,390
Unaffiliated in-kind redemptions
601,178
TBA sale commitments
(6,152
)
Futures contracts
(17,726
)
Net realized gains on investments
796,690
Net change in unrealized gains (losses) on investments
(6,307,818
)
Net realized and unrealized gains (losses) on investments
(5,511,128
)
Net increase in net assets resulting from operations
$3,342,289
The accompanying notes are an integral part of these financial statements.
22 | Allspring Broad Market Core Bond ETF

Statement of changes in net assets
Statement of changes in net assets 
 
Year ended
August 31, 2026
Year ended
August 31, 20251
Operations
Net investment income
$8,853,417
$5,205,020
Net realized gains on investments
796,690
627,867
Net change in unrealized gains (losses) on investments
(6,307,818
)
3,398,909
Net increase in net assets resulting from operations
3,342,289
9,231,796
Distributions to shareholders from
Net investment income and net realized gains
(9,428,408
)
(4,900,712
)
Capital share transactions
Shares
Shares
Proceeds from shares sold
3,400,000
85,058,507
8,100,001
198,215,021
Payment for shares redeemed
(2,300,000
)
(57,320,631
)
(1,000,001
)
(24,744,961
)
Net increase in net assets resulting from capital share transactions
27,737,876
173,470,060
Total increase in net assets
21,651,757
177,801,144
Net assets
Beginning of period
177,801,144
0
End of period
$199,452,901
$177,801,144
1 For the period from December 4, 2024 (commencement of operations) to August 31, 2025
The accompanying notes are an integral part of these financial statements.
Allspring Broad Market Core Bond ETF | 23

Financial highlights
Financial highlights
 
(For a share outstanding throughout each period) 
 
 
Year ended August 31
 
2026
20251
Net asset value, beginning of period
$25.04
$25.00
Net investment income
1.17
2
0.89
2
Net realized and unrealized gains (losses) on investments
(0.64
)
(0.04
)
Total from investment operations
0.53
0.85
Distributions to shareholders from
Net investment income
(1.17
)
(0.81
)
Net realized gains
(0.08
)
0.00
Total distributions to shareholders
(1.25
)
(0.81
)
Net asset value, end of period
$24.32
$25.04
Total return3
2.09
%
3.50
%
Ratios to average net assets (annualized)
Expenses
0.19
%
0.19
%
Net investment income
4.69
%
4.87
%
Supplemental data
Portfolio turnover rate4
95
%
114
%
Net assets, end of period (000s omitted)
$199,453
$177,801
 
1
For the period from December 4, 2024 (commencement of operations) to August 31, 2025
2
Calculated based upon average shares outstanding
3
Returns include adjustments required by U.S. GAAP and may differ from net asset values and performance reported elsewhere. Returns for periods of less than one year
are not annualized.
4
Portfolio turnover rate excludes in-kind transactions, if any.
The accompanying notes are an integral part of these financial statements.
24 | Allspring Broad Market Core Bond ETF

Notes to financial statements
Notes to financial statements
1.ORGANIZATION
Allspring Exchange-Traded Funds Trust (the “Trust”), a Delaware statutory trust organized on June 19, 2014, is an open-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”). As an investment company, the Trust follows the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies. These financial statements report on the Allspring Broad Market Core Bond ETF (the “Fund”) which is a diversified series of the Trust.
2.SIGNIFICANT ACCOUNTING POLICIES
The following significant accounting policies, which are consistently followed in the preparation of the financial statements of the Fund, are in conformity with U.S. generally accepted accounting principles (“GAAP”) which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.
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.
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 (“NAV”).
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 Management’s process for determining the fair value of the portfolio of 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 Fund’s 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.
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) in the Statement of assets and liabilities. 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 in the Statement of operations.
TBA sale commitments
The Fund may enter into To Be Announced (“TBA”) sale commitments to hedge its portfolio positions or to sell mortgage-backed securities it owns under delayed delivery arrangements. Proceeds of TBA sale commitments are not received until the contractual settlement date. During the time a TBA sale commitment is outstanding, equivalent deliverable securities or offsetting TBA purchase commitments, which are deliverable on or before the sale
Allspring Broad Market Core Bond ETF | 25

Notes to financial statements
commitment date, are held as “cover” for the transaction. Unsettled TBA sale commitments are valued at the current market value of the underlying securities, according to the procedures described under “Securities valuation”. The contract is marked-to-market daily and the change in market value is recorded by the Fund as an unrealized gain or loss. If the TBA sale commitment is closed through the acquisition of an offsetting purchase commitment, the Fund realizes a gain or loss. If the Fund delivers securities under the commitment, the Fund realizes a gain or a loss from the sale of the securities based upon the unit price established at the date the commitment was entered into. 
Inflation-indexed bonds and TIPS
The Fund may invest in inflation-indexed bonds, including Treasury inflation-protected securities (TIPS). Inflation-indexed bonds are fixed income securities whose principal value is periodically adjusted according to the rate of inflation. If the index measuring inflation falls, the principal value of inflation-indexed bonds (other than municipal inflation-indexed bonds and certain corporate inflation-indexed bonds) will be adjusted downward, and consequently the interest payable on these securities (calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds. For bonds that do not provide a similar guarantee, the adjusted principal value of the bond repaid at maturity may be less than the original principal. The value of inflation-indexed bonds is expected to change in response to changes in real interest rates. Real interest rates are tied to the relationship between nominal interest rates and the rate of inflation. If nominal interest rates increase at a faster rate than inflation, real interest rates may rise, leading to a decrease in value of inflation-indexed bonds. Inflation-indexed bonds, including TIPS, decline in value when real interest rates rise. In certain interest rate environments, such as when real interest rates are rising faster than nominal interest rates, inflation-indexed bonds may experience greater losses than other fixed income securities with similar durations.
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.
Security transactions and income recognition
Securities transactions are recorded on a trade date basis. Realized gains or losses are recorded on the basis of identified cost.
Interest income is accrued daily and bond discounts are accreted and premiums are amortized daily. To the extent debt obligations are placed on non-accrual status, any related interest income may be reduced by writing off interest receivables when the collection of all or a portion of interest has been determined to be doubtful based on consistently applied procedures and the fair value has decreased. If the issuer subsequently resumes interest payments or when the collectability of interest is reasonably assured, the debt obligation is removed from non-accrual status. Paydown gains and losses are included in interest income.
Interest earned on cash balances held at the custodian is recorded as interest income.
Distributions to shareholders
Distributions to shareholders are recorded on the ex-dividend date and paid from net investment income monthly and any net realized gains are paid at least annually. Such distributions are determined in accordance with income tax regulations and may differ from U.S. GAAP. Dividend sources are estimated at the time of declaration. The tax character of distributions is determined as of the Fund’s fiscal year end. Therefore, a portion of the Fund’s distributions made prior to the Fund’s fiscal year end may be categorized as a tax return of capital at year end.
Federal and other taxes
The Fund intends to continue to qualify as a regulated investment company by distributing substantially all of its investment company taxable and tax-exempt income and any net realized capital gains (after reduction for capital loss carryforwards) sufficient to relieve it from all, or substantially all, federal income taxes. Accordingly, no provision for federal income taxes was required.
The Fund’s income and federal excise tax returns and all financial records supporting those returns for the fiscal years since commencement of operations are subject to examination by the federal and Delaware revenue authorities. Management has analyzed the Fund’s tax positions taken on federal, state, and foreign tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability. 
26 | Allspring Broad Market Core Bond ETF

Notes to financial statements
For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Fund. Because such gains or losses are not taxable to the Fund and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Fund’s tax year. These reclassifications have no effect on net assets or NAV per share.
As of August 31, 2026, the aggregate cost of all investments for federal income tax purposes was $201,019,086 and the unrealized gains (losses) consisted of: 
Gross unrealized gains
$351,404
Gross unrealized losses
(3,264,029
)
Net unrealized losses
$(2,912,625
)
Reclassifications are made to the Fund’s capital accounts for permanent tax differences to reflect income and gains available for distribution (or available capital loss carryforwards) under federal income tax regulations. U.S. GAAP require that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or net asset values per share. The primary permanent differences causing such reclassifications are due to redemptions-in-kind and equalization payments. At August 31, 2026, as a result of permanent book-to-tax differences, the following reclassification adjustments were made on the Statement of assets and liabilities: 
Paid-in
capital
Total distributable
loss
$777,326
$(777,326
)
Capital share transactions
The Fund issues and redeems its shares, at NAV, only in aggregations of a specified number of shares or multiples thereof (“Creation Units”). Except when aggregated in Creation Units, shares of the Fund are not redeemable. Transactions in capital shares for the Fund are disclosed in detail in the Statement of changes in net assets. The consideration for the purchase of Creation Units of a Fund may be for cash or consist of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Authorized participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to the Trust and/or custodian, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. An additional variable fee may be charged for certain transactions. Such variable charges, if any, are included in “Proceeds from shares sold” and “Payments for shares redeemed” in the Statement of changes in net assets.
When an authorized participant fails to deliver one or more of the securities within a designated basket (in the case of a subscription), fails to deliver the Fund shares (in the case of a redemption), or is required by the Fund, prior to settlement, to accommodate the trading of foreign securities in local markets, the Fund may require the authorized participant to deliver and maintain cash collateral in accordance with the authorized participant agreement. In the event that the authorized participant fails to deliver all or a portion of the applicable deposit securities or Fund securities, the Fund may exercise control over such collateral pursuant to the agreement with the authorized participant in order to purchase the applicable securities.
3.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 Broad Market Core Bond ETF | 27

Notes to financial statements
The following is a summary of the inputs used in valuing the Fund’s assets and liabilities as of August 31, 2026: 
 
Quoted prices
(Level 1)
Other significant
observable inputs
(Level 2)
Significant
unobservable inputs
(Level 3)
Total
Assets
Investments in:
Agency securities
$0
$62,471,636
$0
$62,471,636
Asset-backed securities
0
22,289,195
0
22,289,195
Corporate bonds and notes
0
53,949,252
0
53,949,252
Municipal obligations
0
8,315,799
0
8,315,799
Non-agency mortgage-backed securities
0
11,857,741
0
11,857,741
U.S. Treasury securities
28,694,756
0
0
28,694,756
Yankee corporate bonds and notes
0
7,621,595
0
7,621,595
Short-term investments
Investment companies
2,906,487
0
0
2,906,487
Total assets
$31,601,243
$166,505,218
$0
$198,106,461
Additional sector, industry or geographic detail, if any, is included in the Portfolio of investments.
At August 31, 2026, the Fund did not have any transfers into/out of Level 3.
4.TRANSACTIONS WITH AFFILIATES
Management fee
Allspring Funds Management, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P., is the manager of the Fund and provides advisory and fund-level administrative services under an investment management agreement. Allspring Funds Management is entitled to receive an annual unitary management fee, generally payable monthly, in an amount equal to 0.19% of the average daily net assets of the Fund. Pursuant to the unitary management fee arrangement, Allspring Funds Management has agreed to pay all expenses incurred by, and appropriately allocated to, the Fund, excluding only:  the management fee payable to Allspring Funds Management, brokerage expenses and other expenses incurred in connection with the execution of portfolio transactions; interest charges on any borrowings, dividends and other expenses on securities sold short; taxes; payments under the Fund’s Rule 12b-1 plan; proxy and shareholder meeting expenses; litigation expenses; extraordinary expenses; and acquired fund fees and expenses.
Allspring Funds Management has retained the services of a subadviser to provide daily portfolio management to the Fund. The fee for subadvisory services is borne by Allspring Funds Management. Galliard Capital Management, LLC, an affiliate of Allspring Funds Management and a wholly owned subsidiary of Allspring Global Investments Holdings, LLC, is the subadviser to the Fund.
For the year ended August 31, 2026, the management fee was equivalent to an annual rate of 0.19% of the Fund’s average daily net assets.
Distribution fee
Allspring Funds Distributor, LLC (the “Distributor”), the principal underwriter, an affiliate of Allspring Funds Management,  serves as the exclusive distributor of the Fund’s shares. The Distributor does not maintain a secondary market in the Fund’s shares. The Fund has adopted a distribution plan pursuant to Rule 12b-1 under the 1940 Act pursuant to which the Fund is authorized to pay fees at an annual rate of up to 0.25% of the Fund’s average daily net assets for the sale and distribution of the Fund’s shares. The Fund’s Board of Trustees has determined not to implement a distribution fee pursuant to the distribution plan at this time. The distribution fee may only be imposed after approval by the Fund’s Board of Trustees.
Interfund transactions
The Fund may purchase or sell portfolio investment securities to certain affiliates pursuant to Rule 17a-7 under the 1940 Act and under procedures adopted by the Board of Trustees. The procedures have been designed to ensure that these interfund transactions, which do not incur broker commissions, are effected at current market prices. Pursuant to these procedures, the Fund did not have any interfund transactions during the year ended August 31, 2026.
5.INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments, excluding short-term securities, for the year ended August 31, 2026 were as follows: 
Purchases at cost
Sales Proceeds
U.S.
government
Non-U.S.
government
IN-KIND
U.S.
government
Non-U.S.
government
IN-KIND
$145,113,961
$42,676,010
$46,993,606
$141,263,471
$36,358,362
$33,365,304
28 | Allspring Broad Market Core Bond ETF

Notes to financial statements
6.DERIVATIVE TRANSACTIONS
During the year ended August 31, 2026, the Fund entered into futures contracts to speculate on interest rates and to help manage the duration of the portfolio. The Fund had an average notional amount of $27,765 in short futures contracts during the year ended August 31, 2026.
The fair value, realized gains or losses and change in unrealized gains or losses, if any, on derivative instruments are reflected in the corresponding financial statement captions.
7.BANK BORROWINGS
The Fund, together with certain other registered Allspring Funds, is a party to a $275,000,000 revolving credit agreement whereby the Fund is permitted to use bank borrowings for temporary or emergency purposes, such as to fund shareholder redemption requests. Interest under the credit agreement is charged to the Fund based on a borrowing rate equal to the higher of the Federal Funds rate or the overnight bank funding rate in effect on that day plus a spread. In addition, an annual commitment fee based on the unused balance is allocated to each participating fund.
For the year ended August 31, 2026, there were no borrowings by the Fund under the agreement.
8.DISTRIBUTIONS TO SHAREHOLDERS
The tax character of distributions paid were as follows: 
 
Year ended August 31
 
2026
2025
Ordinary income
$9,428,408
$4,900,712
As of August 31, 2026, the components of distributable loss on a tax basis were as follows: 
 
 
 
Undistributed
ordinary
income
Unrealized
losses
Total
$119,136
$(2,912,625
)
$(2,793,489
)
9.INDEMNIFICATION
Under the Fund’s organizational documents, the officers and Trustees have been granted certain indemnification rights against certain liabilities that may arise out of performance of their duties to the Fund. The Fund has entered into a separate agreement with each Trustee that converts indemnification rights currently existing under the Fund’s organizational documents into contractual rights that cannot be changed in the future without the consent of the Trustee. Additionally, in the normal course of business, the Fund may enter into contracts with service providers that contain a variety of indemnification clauses. The Fund’s maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated. 
10.OPERATING SEGMENTS
The Fund operates as a single operating segment. An operating segment is defined as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The President of the Fund acts as the Fund’s CODM. The CODM monitors the operating results of the Fund as a whole and the Fund’s long-term strategic asset allocation from which it derives its revenues is determined as outlined in the Fund’s prospectus which is executed by the Fund’s portfolio management team. The portfolio composition, total return and expense ratios, and the components of total increase/decrease in net assets are used by the CODM to assess the segment’s performance and to make resource allocation decisions for the Fund’s single segment. This information is consistent with that presented within the Fund’s financial statements. Segment assets are reflected on the accompanying Statement of assets and liabilities as “total assets” and significant segment revenue and expenses are listed on the accompanying Statement of operations.
Allspring Broad Market Core Bond ETF | 29

Report of independent registered public accounting firm
To the Shareholders of the Fund and Board of Trustees
Allspring Exchange-Traded Funds Trust:
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities of Allspring Broad Market Core Bond ETF (the Fund), a series of Allspring Exchange-Traded Funds Trust, including the portfolio of investments, as of August 31, 2026, the related statement of operations for the year then ended, the statements of changes in net assets for the year then ended and the period from December 4, 2024 (commencement of operations) to August 31, 2025, and the related notes (collectively, the financial statements) and the financial highlights for the year then ended and the period from December 4, 2024 to August 31, 2025. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of August 31, 2026, the results of its operations for the year then ended, the changes in its net assets for the year then ended and the period from December 4, 2024 to August 31, 2025, and the financial highlights for the year then ended and the period from December 4, 2024 to August 31, 2025, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of August 31, 2026, by correspondence with the custodian, transfer agent and brokers, or by other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.
  
We have not been able to determine the specific year that we began serving as the auditor of one or more Allspring Funds investment companies; however, we are aware that we have served as the auditor of one or more Allspring Funds investment companies since at least 1955.
Boston, Massachusetts
October 23, 2026
30 | Allspring Broad Market Core Bond ETF

Other information (unaudited)
Other information
Tax information
Pursuant to Section 852 of the Internal Revenue Code, $180,436 was designated as a 20% rate gain distribution for the fiscal year ended
August 31, 2026.
For the fiscal year ended August 31, 2026, $8,150,439 has been designated as interest-related dividends for nonresident alien shareholders pursuant to Section 871 of the Internal Revenue Code.
For the fiscal year ended August 31, 2026, $379,011 has been designated as short-term capital gain dividends for nonresident alien shareholders pursuant to Section 871 of the Internal Revenue Code.
For the fiscal year ended August 31, 2026, 15% of the ordinary income distributed was derived from interest on U.S. government securities.
Proxy voting information
A description of the policies and procedures used to determine how to vote proxies relating to portfolio securities is available, upon request, by calling 1-866-259-3305, visiting our website at allspringglobal.com, or visiting the SEC website at sec.gov. Information regarding how the proxies related to portfolio securities were voted during the most recent 12-month period ended June 30 is available on the website at allspringglobal.com or by visiting the SEC website at sec.gov.
Quarterly portfolio holdings information
The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Shareholders may view the filed Form N-PORT by visiting the SEC website at sec.gov. The Fund’s portfolio holdings information is also available on our website at allspringglobal.com.
 
Allspring Broad Market Core Bond ETF | 31

Other information (unaudited)
Item 8. Changes in and disagreements with accountants
Not applicable
Item 9. Matters submitted to fund shareholders for a vote
Not applicable
Item 10. Remuneration paid to directors, officers and others
Refer to information in the Statement of operations.
 
32 | Allspring Broad Market Core Bond ETF

Other information (unaudited)
Item 11. Statement regarding basis for the board’s approval of investment advisory contract
Board consideration of investment management and sub-advisory agreements:
Under the Investment Company Act of 1940 (the “1940 Act”), the Board of Trustees (the “Board”) of Allspring Exchange-Traded Funds Trust (the “Trust”) must determine annually whether to approve the continuation of the Trust’s investment management and sub-advisory agreements. In this regard, at a Board meeting held on May 18-20, 2026 (the “Meeting”), the Board, all the members of which have no direct or indirect interest in the investment management and sub-advisory agreements and are not “interested persons” of the Trust, as defined in the 1940 Act (the “Independent Trustees”), reviewed and approved for the Allspring Broad Market Core Bond ETF (the “ETF”): (i) an investment management agreement (the “Management Agreement”) with Allspring Funds Management, LLC (“Allspring Funds Management”); and (ii) an investment sub-advisory agreement (the “Sub-Advisory Agreement”) with Galliard Capital Management, LLC (the “Sub-Adviser”), an affiliate of Allspring Funds Management. The Management Agreement and the Sub-Advisory Agreement are collectively referred to as the “Advisory Agreements.”
At the Meeting, the Board considered the factors and reached the conclusions described below relating to the selection of Allspring Funds Management and the Sub-Adviser and the approval of the Advisory Agreements. Prior to the Meeting, including at a meeting of the Board held in April 2026, and at the Meeting, the Trustees conferred extensively among themselves and with representatives of Allspring Funds Management about these matters. The Board has adopted a team-based approach, with each team consisting of a sub-set of Trustees, to assist the full Board in the discharge of its duties in reviewing investment performance and other matters throughout the year. The Independent Trustees were assisted in their evaluation of the Advisory Agreements by independent legal counsel, from whom they received separate legal advice and with whom they met separately. The Board noted that the ETF commenced operations in December 2024 and has a limited operating history.
In providing information to the Board, Allspring Funds Management and the Sub-Adviser were guided by a detailed set of requests for information submitted to them by independent legal counsel on behalf of the Independent Trustees at the start of the Board’s annual contract renewal process earlier in 2026. In considering and approving the Advisory Agreements, the Trustees considered the information they believed relevant, including but not limited to the information discussed below. The Board considered not only the specific information presented in connection with the Meeting, but also the knowledge gained over time through interactions with Allspring Funds Management and the Sub-Adviser about various topics. In this regard, the Board reviewed reports of Allspring Funds Management at each of its quarterly meetings, which included, among other things, portfolio reviews and investment performance reports. In addition, the Board and the teams mentioned above conferred with portfolio managers at various times throughout the year. The Board did not identify any particular information or consideration that was all-important or controlling, and each individual Trustee may have attributed different weights to various factors.
After its deliberations, the Board unanimously determined that the compensation payable to Allspring Funds Management and the Sub-Adviser under each of the Advisory Agreements was reasonable, and approved the continuation of the Advisory Agreements for a one-year term. The Board considered the approval of the Advisory Agreements for the ETF as part of its consideration of agreements for funds across the complex, but its approvals were made on a fund-by-fund basis. The following summarizes a number of important, but not necessarily all, factors considered by the Board in support of its approvals.
Nature, extent, and quality of services
The Board received and considered various information regarding the nature, extent, and quality of services provided to the ETF by Allspring Funds Management and the Sub-Adviser under the Advisory Agreements. This information included a description of the investment advisory services covered by the Management Agreement, as well as, among other things, a summary of the background and experience of senior management of Allspring Global Investments, of which Allspring Funds Management and the Sub-Adviser are a part, recent changes in such senior management, and a summary of investments made in the Allspring Global Investments business.* The Board considered the resources devoted by Allspring Funds Management in developing and maintaining the infrastructure necessary to support the ongoing operations of the ETF. In addition, the Board received and considered information about the full range of services provided to the ETF by Allspring Funds Management and its affiliates, including the Sub-Adviser.
The Board considered the qualifications, background, tenure, and responsibilities of each of the portfolio managers primarily responsible for the day-to-day portfolio management of the ETF. The Board evaluated the ability of Allspring Funds Management and the Sub-Adviser to attract and retain qualified investment professionals, including research, advisory, and supervisory personnel.
The Board further considered the compliance programs and compliance records of Allspring Funds Management and the Sub-Adviser. The Board received and considered information about Allspring Global Investments’ risk management functions, which included information about Allspring Funds Management’s and the Sub-Adviser’s business continuity plan and Allspring Global Investments’ business resiliency and disaster recovery plans, their
*
The trade name for the asset management firm that includes Allspring Funds Management and the Sub-Adviser is “Allspring Global Investments.”
 
Allspring Broad Market Core Bond ETF | 33

Other information (unaudited)
approaches to data privacy and cybersecurity, and Allspring Funds Management’s role as administrator of the ETF’s liquidity risk management program and as the ETF’s valuation designee. The Board also received and considered information about Allspring Funds Management’s derivatives and investment risk management oversight services, and its intermediary and vendor oversight program.
ETF investment performance and expenses
The Board noted that the ETF had only one year of performance history to review. The Board considered the investment performance results for the ETF over the one-year period ended December 31, 2025. The Board considered these results in comparison to the investment performance of funds in a universe that was determined by Broadridge Inc. (“Broadridge”) to be similar to the ETF (the “Universe”), and in comparison to the ETF’s benchmark index and to other comparative data. Broadridge is an independent provider of investment company data. The Board received a description of the methodology used by Broadridge to select the funds in the performance Universe. The Board noted that the investment performance of the ETF was higher than the average investment performance of the Universe for the one-year period under review. The Board also noted that the investment performance of the ETF was higher than the investment performance of its benchmark index, the Bloomberg U.S. Aggregate Bond Index, for the one-year period under review. The Board further noted that it would have the opportunity to review the ETF’s performance over longer periods in connection with future reviews and approvals of the ETF’s Advisory Agreements.
The Board also received and considered information regarding the ETF’s net operating expense ratio. The Board noted that, due to the ETF’s unitary management fee structure, the ETF’s net operating expense ratio was equal to the ETF’s unitary management fee. The Board considered the ETF’s net operating expense ratio in comparison to the median ratio of funds in an expense group that was determined by Broadridge to be similar to the ETF (the “Group”). The Board received a description of the methodology used by Broadridge to select the funds in the expense Group and an explanation of how funds comprising the expense Group and their expense ratios may vary from year-to-year. Based on the Broadridge reports, the Board noted that the net operating expense ratio of the ETF was lower than the median net operating expense ratio of the expense Group.
The Board took into account the ETF’s expense information provided to it among the factors considered in deciding to re-approve the Advisory Agreements.
Investment management and sub-advisory fee rates
The Board reviewed and considered the unitary management fee rate payable by the ETF to Allspring Funds Management under the Management Agreement, under which Allspring Funds Management pays all ETF expenses, other than the contractual management fee and certain other expenses. Because of the ETF’s “unitary fee” structure, the Board recognized that while Allspring Funds Management bears the risk that ETF expenses may increase over time, it is possible that Allspring Funds Management may benefit from any price decreases in third-party services paid under the Management Agreement.
Among other information reviewed by the Board was a comparison of the ETF’s unitary management fee with the median management fee paid by funds in the expense Group. The Board noted that the ETF’s unitary management fee was lower than the average management fee for the expense Group.
The Board also received and considered information about the portion of the unitary management fee that was retained by Allspring Funds Management after payment of the fee to the Sub-Adviser for sub-advisory services. In assessing the reasonableness of this amount, the Board received and evaluated information about the nature and extent of responsibilities retained and risks assumed by Allspring Funds Management and not delegated to or assumed by the Sub-Adviser, and about Allspring Funds Management’s on-going oversight services. Given the affiliation between Allspring Funds Management and the Sub-Adviser, the Board ascribed limited relevance to the allocation of fees between them.
The Board also received and considered information about the nature and extent of services offered and fee rates charged by Allspring Funds Management and the Sub-Adviser to other types of clients with investment strategies similar to those of the ETF. In this regard, the Board received information about the differences between an exchange-traded fund and other types of products, including mutual funds.
Based on its consideration of the factors and information it deemed relevant, including those described here, the Board determined that the compensation payable to Allspring Funds Management under the Management Agreement and to the Sub-Adviser under the Sub-Advisory Agreement was reasonable.
Profitability
The Board received and considered information concerning the profitability of Allspring Funds Management, as well as the profitability of Allspring Global Investments, from providing services to the fund complex as a whole. The Board noted that the Sub-Adviser’s profitability information with respect to providing services to the ETF was subsumed in the Allspring Global Investments profitability analysis.
Allspring Funds Management reported on the methodologies and estimates used in calculating profitability, including a description of the methodology used to allocate certain expenses. Among other things, the Board noted that the levels of profitability reported on a fund-by-fund basis varied widely, depending on factors such as the size, type, asset class, and age of a fund.
 
34 | Allspring Broad Market Core Bond ETF

Other information (unaudited)
Based on its review, the Board did not deem the profits reported by Allspring Funds Management or Allspring Global Investments to be at a level that would prevent it from approving the continuation of the Advisory Agreements.
Economies of scale
The Board received and considered information about the potential for Allspring Funds Management to experience economies of scale in the provision of management services to the ETF, the difficulties of isolating and quantifying economies of scale at an individual fund level, and the extent to which potential scale benefits are shared with ETF shareholders.
The Board noted that the ETF’s unitary management fee does not include breakpoints or expense caps because, like many other actively-managed exchange-traded funds, the unitary fee levels already share potential economies of scale, as the unitary management fee is fixed at a competitive level and will not increase in the future even if the ETF’s operating costs rise and the ETF does not reach scale.
The Board considered that, in addition to the unitary management fee, Allspring Funds Management shares potential economies of scale from its management business in a variety of ways, including through investments in the business intended to enhance services available to the ETF and shareholders.
The Board concluded that Allspring Funds Management’s arrangements with respect to the ETF constituted a reasonable approach to sharing potential economies of scale with the ETF and its shareholders.
Other benefits to Allspring Funds Management and the Sub-Adviser
The Board received and considered information regarding potential “fall-out” or ancillary benefits received by Allspring Funds Management and its affiliates, including the Sub-Adviser, as a result of their relationships with the ETF. Ancillary benefits could include, among others, benefits directly attributable to other relationships with the ETF and benefits potentially derived from an increase in Allspring Funds Management’s and the Sub-Adviser’s business as a result of their relationships with the ETF. The Board also considered the potential increase in the overall size of Allspring Funds Management’s relationships with the ETF’s authorized participants and lead market makers, which could potentially benefit Allspring Funds Management’s reputation with such firms.
Based on its consideration of the factors and information it deemed relevant, including those described here, the Board did not find that any ancillary benefits received by Allspring Funds Management and its affiliates, including the Sub-Adviser, were unreasonable.
Conclusion
At the Meeting, after considering the above-described factors and based on its deliberations and its evaluation of the information described above, the Board unanimously determined that the compensation payable to Allspring Funds Management and the Sub-Adviser under each of the Advisory Agreements was reasonable, and approved the continuation of the Advisory Agreements for a one-year term.
 
Allspring Broad Market Core Bond ETF | 35

This page is intentionally left blank.


  
For more information
More information about Allspring Funds is available free upon request. To obtain literature, please write, visit the Fund’s website, or call:
Allspring Funds Distributor, LLC
1415 Vantage Park Drive, 3rd Floor
Charlotte, NC 28203
Website: allspringglobal.com
Telephone:1-866-701-2575
  
This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. If this report is used for promotional purposes, distribution of the report must be accompanied or preceded by a current prospectus. Before investing, please consider the investment objectives, risks, charges, and expenses of the investment. For a current prospectus and, if available, a summary prospectus, containing this information, call 1-866-701-2575 or visit the Fund’s website at allspringglobal.com. Read the prospectus carefully before you invest or send money.
Allspring Global InvestmentsTM is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC, and Allspring Funds Management, LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC).
This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind - including a recommendation for any specific investment, strategy, or plan.
© 2026 Allspring Global Investments Holdings, LLC. All rights reserved.
NCSRAFIX 08-26


  
Allspring Core Plus ETF (APLU)
Long Form Financial Statements
Annual Report
August 31, 2026

 

Contents
 
2
23
24
25
26
27
35
36
37
37
37
38
Allspring Core Plus ETF | 1

Portfolio of investments—August 31, 2026
Portfolio of investments
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities:  29.98%
 
FHLMC
2.00
%
4-1-2052
$
8,095,567
$6,357,979
FHLMC
4.00
11-1-2053
 
2,492,720
2,285,494
FHLMC
5.00
3-1-2040
 
1,257,138
1,251,511
FHLMC
5.00
1-1-2055
 
2,621,359
2,539,986
FHLMC
5.00
2-1-2056
 
3,904,875
3,769,370
FHLMC
5.00
5-1-2056
 
3,889,058
3,753,665
FHLMC
5.50
11-1-2054
 
679,207
675,053
FHLMC
5.50
6-1-2055
 
1,678,656
1,663,193
FHLMC
5.50
9-1-2055
 
843,311
835,336
FHLMC
5.50
11-1-2055
 
2,258,389
2,237,033
FHLMC
6.00
12-1-2055
 
1,129,813
1,147,049
FHLMC
6.50
7-1-2055
 
1,037,952
1,069,581
FNMA
2.00
8-1-2051
 
827,034
651,274
FNMA
2.00
12-1-2051
 
3,864,776
3,039,400
FNMA
2.00
1-1-2052
 
818,719
643,299
FNMA%%
2.00
9-14-2056
 
1,040,000
810,519
FNMA
2.50
2-1-2051
 
6,780,847
5,602,514
FNMA
2.50
3-1-2052
 
1,867,359
1,536,238
FNMA
2.50
4-1-2052
 
1,052,741
879,475
FNMA
2.50
6-1-2052
 
429,521
351,184
FNMA
3.00
11-1-2051
 
6,825,352
5,830,146
FNMA
3.50
8-1-2052
 
387,352
343,901
FNMA
3.50
9-1-2052
 
2,963,423
2,636,114
FNMA
4.00
9-1-2052
 
220,665
203,105
FNMA
4.00
11-1-2054
 
1,539,056
1,407,948
FNMA
4.50
5-1-2053
 
2,316,054
2,183,659
FNMA
4.50
7-1-2055
 
644,457
605,107
FNMA
5.00
6-1-2055
 
1,677,617
1,619,401
FNMA
5.00
4-1-2056
 
1,382,675
1,338,141
FNMA
5.00
7-1-2056
 
2,379,886
2,297,033
FNMA
5.50
12-1-2054
 
572,844
569,296
FNMA
5.50
1-1-2055
 
1,002,294
996,009
FNMA
5.50
3-1-2055
 
3,883,160
3,846,439
FNMA%%
5.50
9-14-2056
 
8,490,000
8,401,466
FNMA
6.00
8-1-2054
 
168,582
170,962
FNMA
6.00
5-1-2055
 
2,142,893
2,167,291
FNMA
6.00
6-1-2055
 
1,656,308
1,675,166
FNMA
6.00
7-1-2055
 
693,312
704,433
FNMA
6.00
11-1-2055
 
2,061,501
2,085,594
FNMA%%
6.00
9-14-2056
 
4,365,000
4,412,579
FNMA
6.50
11-1-2054
 
1,010,325
1,042,829
FNMA
6.50
8-1-2055
 
1,444,332
1,487,999
GNMA
2.00
2-20-2052
 
744,915
597,715
GNMA
2.50
4-20-2051
 
376,421
314,924
GNMA
2.50
8-20-2051
 
1,398,968
1,170,415
GNMA
2.50
9-20-2051
 
2,705,824
2,263,767
GNMA
2.50
1-20-2052
 
1,803,317
1,508,705
GNMA
3.00
8-20-2051
 
1,485,807
1,293,962
The accompanying notes are an integral part of these financial statements.
2 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
GNMA
3.00
%
12-20-2051
$
236,048
$205,497
GNMA
3.00
3-20-2052
 
695,565
605,794
GNMA
3.50
5-20-2056
 
2,733,264
2,388,900
GNMA
4.50
11-20-2054
 
115,468
108,910
GNMA
4.50
2-20-2055
 
1,072,379
1,009,548
GNMA
4.50
4-20-2055
 
1,342,542
1,258,640
GNMA%%
4.50
9-21-2056
 
940,000
879,847
GNMA
5.00
4-20-2056
 
12,108,512
11,735,961
GNMA
5.50
8-20-2054
 
693,830
692,715
GNMA
5.50
9-20-2054
 
1,138,971
1,136,210
GNMA
5.50
12-20-2054
 
3,011,780
3,003,323
GNMA
5.50
1-20-2055
 
847,802
844,647
GNMA
5.50
10-20-2055
 
2,265,854
2,252,681
GNMA%%
5.50
9-21-2056
 
2,410,000
2,392,183
GNMA
6.00
8-20-2054
 
714,551
726,409
GNMA
6.00
9-20-2054
 
720,577
732,535
GNMA
6.00
7-20-2055
 
778,304
790,314
GNMA
6.00
5-20-2056
 
1,610,863
1,634,971
Total agency securities (Cost $128,392,829)
 
126,672,344
Asset-backed securities:  8.35%
 
Aligned Data Centers Issuer LLC Series 2026-1A
Class A2I144A
5.91
6-15-2056
 
270,000
267,894
Angel Oak Mortgage Trust Series 2025-HB2 Class A1 (30 Day
Average U.S. SOFR+1.60%)144A±
5.24
12-25-2055
 
1,317,422
1,322,189
Aqua Finance Issuer Trust Series 2026-A Class A144A
4.76
4-17-2051
 
221,218
217,857
Avant Loans Funding Trust Series 2024-REV1 Class B144A
6.17
10-15-2033
 
1,000,000
1,005,409
Barings Equipment Finance LLC Series 2025-A Class A2144A
4.64
10-13-2028
 
491,929
492,701
BHG Owner Loan Trust Series 2026-1CON Class B144A
5.87
7-17-2037
 
1,500,000
1,489,927
Cajun Global LLC Series 2025-2A Class A2144A
5.91
11-20-2055
 
1,515,000
1,500,570
Camber Credit Auto Trust Series 2026-1A Class A144A
5.63
12-15-2031
 
635,331
630,730
CenterSquare Issuer LLC Series 2024-1A Class A2144A
5.20
10-26-2054
 
1,000,000
966,632
ClickLease Equipment Receivables Trust Series 2024-1
Class C144A
8.40
2-15-2030
 
84,210
84,445
Cogent IPv4 LLC Series 2024-1A Class A2144A
7.92
5-25-2054
 
1,515,000
1,545,954
DI Issuer LLC Series 2024-1A Class A2144A
5.81
9-15-2054
 
247,140
242,454
FIGRE Trust Series 2023-HE3 Class A144A±±
6.44
11-25-2053
 
538,915
543,665
FIGRE Trust Series 2025-HE1 Class C144A±±
6.03
1-25-2055
 
672,295
670,529
Five Guys Holdings, Inc. Series 2023-1A Class A2144A
7.55
1-26-2054
 
103,425
104,816
Flexential Issuer LLC Series 2025-1A Class A2144A
6.03
10-25-2060
 
1,825,000
1,792,276
FS Rialto Issuer LLC Series 2026-FL11 Class AS (U.S. SOFR 1
Month+1.65%)144A±
5.30
1-19-2044
 
770,000
769,823
Gracie Point International Funding LLC Series 2025-1A
Class C (30 Day Average U.S. SOFR+2.75%)144A±
6.37
8-15-2028
 
335,000
335,174
GS REFT Issuer Ltd. Series 2026-FL1 Class A (U.S. SOFR 1
Month+1.50%)144A±
5.15
10-19-2043
 
850,000
851,555
Hertz Vehicle Financing III LLC Series 2023-4A Class A144A
6.15
3-25-2030
 
215,000
217,606
Hipgnosis Music Assets LP Series 2022-1 Class A144A
5.00
5-16-2062
 
1,248,509
1,243,807
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 3

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Asset-backed securities(continued)
 
INCREF LLC Series 2026-FL2 Class B (U.S. SOFR 1
Month+1.95%)144A±
5.60
%
12-19-2043
$
540,000
$540,506
Jack in the Box Funding LLC Series 2019-1A Class A23144A
4.97
8-25-2049
 
189,000
174,924
JBHP ABS I LLC
5.39
12-15-2041
 
594,756
586,926
Jersey Mike’s Funding LLC Series 2024-1A Class A2144A
5.64
2-15-2055
 
985,000
980,394
Kinetic ABS Issuer LLC Series 2026-2A Class A2144A
5.83
6-25-2058
 
315,000
312,230
Lafayette Federal Credit Union Asset Trust Series 2026-HI1A
Class A2144A
5.38
1-25-2046
 
189,879
186,224
LCM 34 Ltd. Series 34A Class BR (U.S. SOFR 3
Month+1.70%)144A±
5.43
10-20-2034
 
1,275,000
1,274,362
MF1 Ltd. Series 2021-FL7 Class E (U.S. SOFR 1
Month+2.91%)144A±
6.55
10-16-2036
 
100,000
98,660
NMABS Issuer I LLC Series 2025-1A Class B144A
5.33
11-22-2055
 
838,425
826,448
NMEF Funding LLC Series 2025-A Class B144A
5.18
7-15-2032
 
500,000
501,456
NMEF Funding LLC Series 2026-A Class C144A
4.71
2-15-2034
 
130,000
126,569
OneMain Direct Auto Receivables Trust Series 2025-1A
Class A144A
5.36
4-16-2035
 
1,000,000
1,008,298
Pagaya AI Debt Grantor Trust Series 2025-7 Class B144A
5.06
5-15-2033
 
1,519,729
1,508,763
Prosper Credit Card Issuer LLC Series 2026-1A Class A144A
5.34
7-15-2036
 
200,000
199,594
RCKT Mortgage Trust Series 2025-CES1 Class A1A144A±±
5.65
1-25-2045
 
579,974
579,944
Sabey Data Center Issuer LLC Series 2022-1 Class A2144A
5.00
6-20-2047
 
1,000,000
975,901
Sabey Data Center Issuer LLC Series 2026-1 Class A2144A
5.48
1-20-2051
 
860,000
839,342
Saluda Grade Alternative Mortgage Trust Series 2023-FIG4
Class B144A±±
7.12
11-25-2053
 
127,725
129,582
Service Experts Issuer LLC Series 2025-1A Class A144A
5.38
1-20-2037
 
1,314,095
1,285,058
ServiceMaster Funding LLC Series 2020-1 Class A2I144A
2.84
1-30-2051
 
168,833
162,226
ServiceMaster Funding LLC Series 2021-1 Class A2II144A
3.11
7-30-2051
 
624,684
540,387
Sotheby’s ArtFi Master Trust Series 2026-1A Class B144A
4.90
6-20-2033
 
155,000
153,683
Subway Funding LLC Series 2024-3A Class A2I144A
5.25
7-30-2054
 
407,737
397,637
Switch ABS Issuer LLC Series 2024-1A Class A2144A
6.28
3-25-2054
 
200,000
201,257
Switch ABS Issuer LLC Series 2025-2A Class A22144A
5.37
10-25-2055
 
1,405,000
1,370,891
Towd Point Mortgage Trust Series 2024-CES1
Class A2144A±±
6.44
1-25-2064
 
220,000
220,061
Uniti Fiber ABS Issuer LLC Series 2025-1A Class A2144A
5.88
4-20-2055
 
990,000
996,081
Vital Care Issuer LLC Series 2025-1A Class A2144A
6.74
1-30-2056
 
144,275
144,106
Wingstop Funding LLC Series 2024-1A Class A2144A
5.86
12-5-2054
 
1,985,000
1,999,217
Zayo Issuer LLC Series 2025-3A Class A2144A
5.57
10-20-2055
 
700,000
681,057
Total asset-backed securities (Cost $35,551,166)
 
35,297,797
Corporate bonds and notes:  22.27%
 
Basic materials:  0.26%
 
Chemicals:  0.21%
 
Celanese U.S. Holdings LLC
7.70
11-15-2033
 
595,000
635,335
Chemours Co.144A
8.00
1-15-2033
 
250,000
246,823
 
 
882,158
Iron/steel:  0.05%
 
Cleveland-Cliffs, Inc.144A
4.88
3-1-2031
 
210,000
194,802
The accompanying notes are an integral part of these financial statements.
4 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Communications:  3.50%
 
Internet:  0.81%
 
Alphabet, Inc.
5.45
%
8-15-2036
$
485,000
$481,353
Alphabet, Inc.
6.38
8-15-2056
 
325,000
327,122
Amazon.com, Inc.
4.88
3-13-2036
 
165,000
156,900
Amazon.com, Inc.
5.30
7-9-2036
 
455,000
445,504
Amazon.com, Inc.
5.80
3-13-2056
 
550,000
507,353
Meta Platforms, Inc.
5.25
5-15-2036
 
485,000
466,061
Meta Platforms, Inc.
5.40
8-15-2054
 
615,000
498,439
Meta Platforms, Inc.
5.63
11-15-2055
 
515,000
430,046
Wayfair LLC144A
6.75
11-15-2032
 
100,000
102,926
 
 
3,415,704
Media:  1.17%
 
CCO Holdings LLC/CCO Holdings Capital Corp.144A
4.25
1-15-2034
 
785,000
654,596
Charter Communications Operating LLC/Charter
Communications Operating Capital
2.80
4-1-2031
 
540,000
473,413
Charter Communications Operating LLC/Charter
Communications Operating Capital
3.85
4-1-2061
 
285,000
159,591
Charter Communications Operating LLC/Charter
Communications Operating Capital
3.90
6-1-2052
 
455,000
276,644
Comcast Corp.
2.94
11-1-2056
 
815,000
415,797
Comcast Corp.
2.99
11-1-2063
 
500,000
243,635
Discovery Global Holdings, Inc.
4.28
3-15-2032
 
421,000
385,244
News Corp.144A
3.88
5-15-2029
 
1,015,000
980,703
News Corp.144A
5.13
2-15-2032
 
300,000
291,327
Space Exploration Technologies Corp.144A
5.88
7-15-2036
 
700,000
658,826
Time Warner Cable LLC
5.50
9-1-2041
 
515,000
428,753
 
 
4,968,529
Telecommunications:  1.52%
 
APLD ComputeCo 2 LLC144A
6.75
3-15-2031
 
415,000
399,093
AT&T, Inc.
3.55
9-15-2055
 
1,230,000
744,753
AT&T, Inc.
5.25
10-30-2036
 
460,000
440,252
AT&T, Inc.
5.70
11-1-2054
 
460,000
402,753
AT&T, Inc.
6.20
10-30-2056
 
510,000
478,584
Beacon Point DC LLC144A
6.13
11-30-2042
 
480,000
455,021
HUT 8 DC LLC144A
6.19
11-15-2042
 
330,000
320,493
Level 3 Financing, Inc.144A
7.00
3-31-2034
 
415,000
424,503
Sopaipilla Investor LLC144A
7.53
11-30-2048
 
405,000
414,469
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint
Spectrum Co. III LLC144A
5.15
3-20-2028
 
77,000
77,009
SV RNO Property Owner 1 LLC144A
5.88
3-1-2031
 
570,000
523,043
Verizon Communications, Inc.
5.00
1-15-2036
 
755,000
716,465
Verizon Communications, Inc. (5 Year Treasury Constant
Maturity+2.04%)±
6.20
5-14-2056
 
345,000
332,249
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 5

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Telecommunications(continued)
 
Verizon Communications, Inc. (5 Year Treasury Constant
Maturity+2.30%)±
6.75
%
2-15-2057
$
445,000
$444,012
WULF Compute LLC144A
7.75
10-15-2030
 
225,000
233,899
 
 
6,406,598
Consumer, cyclical:  2.14%
 
Airlines:  0.37%
 
American Airlines Pass-Through Trust Series 2015-1 Class A
3.38
5-1-2027
 
567,705
560,858
Delta Air Lines Pass-Through Trust Series 2020-AA Class AA
2.00
6-10-2028
 
44,886
43,459
Delta Air Lines, Inc./SkyMiles IP Ltd.144A
4.75
10-20-2028
 
753,750
752,416
United Airlines Pass-Through Trust Series 2023-1 Class A
5.80
1-15-2036
 
217,630
221,597
 
 
1,578,330
Auto manufacturers:  0.70%
 
Ford Motor Credit Co. LLC
4.00
11-13-2030
 
810,000
757,601
Ford Motor Credit Co. LLC
5.13
11-5-2026
 
390,000
390,343
Ford Motor Credit Co. LLC
6.11
8-15-2033
 
590,000
589,387
Hyundai Capital America144A
4.50
9-18-2030
 
410,000
398,614
Hyundai Capital America144A
5.30
3-19-2027
 
185,000
185,799
Hyundai Capital America144A
5.80
4-1-2030
 
645,000
656,623
 
 
2,978,367
Auto parts & equipment:  0.06%
 
Adient Global Holdings Ltd.144A
7.50
2-15-2033
 
235,000
243,359
Home builders:  0.21%
 
Century Communities, Inc.144A
6.63
9-15-2033
 
880,000
890,789
Housewares:  0.06%
 
Newell Brands, Inc.
6.38
5-15-2030
 
245,000
248,447
Leisure time:  0.21%
 
Carnival Corp. Ltd.144A
6.13
2-15-2033
 
890,000
891,860
Retail:  0.33%
 
Macy’s Retail Holdings LLC144A
5.88
3-15-2030
 
90,000
89,710
Macy’s Retail Holdings LLC144A
6.13
3-15-2032
 
145,000
145,154
PetSmart LLC/PetSmart Finance Corp.144A
7.50
9-15-2032
 
505,000
509,676
QXO Building Products, Inc.144A
6.88
7-15-2034
 
630,000
637,113
 
 
1,381,653
Toys/games/hobbies:  0.20%
 
Mattel, Inc.
5.45
11-1-2041
 
265,000
235,566
Mattel, Inc.144A
5.88
12-15-2027
 
595,000
595,167
 
 
830,733
The accompanying notes are an integral part of these financial statements.
6 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Consumer, non-cyclical:  2.42%
 
Agriculture:  0.09%
 
BAT Capital Corp.
4.76
%
9-6-2049
$
420,000
$337,558
Reynolds American, Inc.
7.00
8-4-2041
 
30,000
31,868
 
 
369,426
Commercial services:  0.78%
 
Block, Inc.144A
6.00
8-15-2033
 
365,000
364,460
GEO Group, Inc.
8.63
4-15-2029
 
210,000
218,413
GEO Group, Inc.
10.25
4-15-2031
 
70,000
75,326
Global Payments, Inc.
4.88
11-15-2030
 
780,000
759,080
Global Payments, Inc.
4.88
3-17-2031
 
100,000
118,444
Global Payments, Inc.
5.20
11-15-2032
 
725,000
700,169
Global Payments, Inc.
5.95
8-15-2052
 
430,000
392,633
Mobility Global, Inc.144A
5.45
6-15-2031
 
375,000
373,575
Upbound Group, Inc.144A
6.38
2-15-2029
 
285,000
283,874
 
 
3,285,974
Cosmetics/Personal Care:  0.07%
 
Haleon U.S. Capital LLC
5.38
8-21-2036
 
290,000
288,402
Food:  0.14%
 
Mars, Inc.144A
5.70
5-1-2055
 
655,000
618,379
Healthcare-products:  0.61%
 
Abbott Laboratories
4.65
3-15-2036
 
725,000
687,242
Abbott Laboratories
5.50
3-15-2056
 
890,000
833,476
Medline Borrower LP144A
3.88
4-1-2029
 
875,000
847,053
VSP Optical Group, Inc.144A
5.40
6-1-2033
 
200,000
197,684
 
 
2,565,455
Healthcare-services:  0.32%
 
DaVita, Inc.144A
6.75
7-15-2033
 
445,000
455,359
UnitedHealth Group, Inc.
4.75
5-15-2052
 
250,000
205,132
UnitedHealth Group, Inc.
5.05
4-15-2053
 
480,000
411,053
UnitedHealth Group, Inc.
5.63
7-15-2054
 
330,000
306,379
 
 
1,377,923
Pharmaceuticals:  0.41%
 
AbbVie, Inc.
6.00
9-15-2056
 
210,000
208,835
Bayer U.S. Finance LLC144A
5.13
7-20-2031
 
210,000
208,198
Bayer U.S. Finance LLC144A
5.63
7-20-2036
 
305,000
298,949
Eli Lilly & Co.
5.65
10-15-2065
 
580,000
546,830
EMD Finance LLC144A
4.63
10-15-2032
 
490,000
474,148
 
 
1,736,960
Energy:  1.21%
 
Energy-alternate sources:  0.05%
 
TerraForm Power Operating LLC144A
4.75
1-15-2030
 
193,000
185,359
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 7

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Oil & gas:  0.12%
 
APA Corp.
5.25
%
2-1-2042
$
133,000
$114,857
Hilcorp Energy I LP/Hilcorp Finance Co.144A
6.00
2-1-2031
 
400,000
394,916
 
 
509,773
Oil & gas services:  0.40%
 
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.
5.00
6-15-2036
 
1,525,000
1,464,793
Schlumberger Holdings Corp.144A
4.85
5-15-2033
 
245,000
240,629
 
 
1,705,422
Pipelines:  0.64%
 
Energy Transfer LP
5.95
5-15-2054
 
215,000
199,619
Energy Transfer LP (5 Year Treasury Constant
Maturity+4.02%)±
8.00
5-15-2054
 
260,000
272,527
Harvest Midstream I LP144A
6.75
5-15-2034
 
550,000
557,942
Harvest Midstream I LP144A
7.50
5-15-2032
 
140,000
145,078
MPLX LP
5.30
4-1-2036
 
340,000
328,855
Prairie Acquiror LP144A
9.00
8-1-2029
 
320,000
331,152
Tallgrass Energy Partners LP/Tallgrass Energy Finance
Corp.144A
6.00
12-31-2030
 
590,000
589,168
Venture Global LNG, Inc.144A
9.50
2-1-2029
 
165,000
177,467
Venture Global LNG, Inc. (5 Year Treasury Constant
Maturity+5.44%)144Aʊ±
9.00
9-30-2029
 
95,000
96,200
 
 
2,698,008
Financial:  8.66%
 
Banks:  3.34%
 
Bank of America Corp. (5 Year Treasury Constant
Maturity+1.20%)±
2.48
9-21-2036
 
660,000
569,560
Bank of America Corp. (U.S. SOFR+1.57%)±
5.49
4-23-2037
 
325,000
315,419
Bank of America Corp. (U.S. SOFR+1.74%)±
5.52
10-25-2035
 
640,000
630,413
Bank of America Corp. (U.S. SOFR+1.91%)±
5.43
8-15-2035
 
255,000
250,596
Bank of America Corp. (U.S. SOFR 3 Month+1.84%)±
3.82
1-20-2028
 
250,000
249,327
Bank of America Corp. Series OO (5 Year Treasury Constant
Maturity+2.68%)ʊ±
6.63
5-1-2030
 
510,000
522,597
Citibank NA (U.S. SOFR+0.91%)±
4.85
6-18-2032
 
420,000
413,981
Citigroup, Inc. Series HH (5 Year Treasury Constant
Maturity+3.00%)ʊ±
6.63
2-15-2031
 
805,000
814,459
Goldman Sachs Group, Inc. (U.S. SOFR+0.96%)±
4.52
1-21-2032
 
620,000
600,786
Goldman Sachs Group, Inc. (U.S. SOFR+0.99%)±
4.59
4-20-2030
 
610,000
603,430
Goldman Sachs Group, Inc. (U.S. SOFR+1.03%)±
4.97
6-3-2032
 
1,010,000
994,961
Goldman Sachs Group, Inc. (U.S. SOFR+1.25%)±
2.38
7-21-2032
 
765,000
667,876
Goldman Sachs Group, Inc. (U.S. SOFR+1.31%)±
5.43
6-3-2037
 
250,000
243,545
Goldman Sachs Group, Inc. (U.S. SOFR+1.82%)±
6.22
7-21-2057
 
360,000
356,072
JPMorgan Chase & Co. (U.S. SOFR+0.85%)±
4.86
7-23-2030
 
505,000
503,475
JPMorgan Chase & Co. (U.S. SOFR+1.02%)±
2.07
6-1-2029
 
650,000
620,633
JPMorgan Chase & Co. (U.S. SOFR+1.26%)±
5.15
4-23-2037
 
1,760,000
1,703,134
JPMorgan Chase & Co. (U.S. SOFR+1.45%)±
5.30
7-24-2029
 
350,000
353,332
Morgan Stanley Private Bank NA (U.S. SOFR+1.08%)±
4.73
7-18-2031
 
800,000
788,176
The accompanying notes are an integral part of these financial statements.
8 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Banks(continued)
 
Morgan Stanley (U.S. SOFR+1.20%)±
2.51
%
10-20-2032
$
355,000
$310,650
Morgan Stanley (U.S. SOFR+1.22%)±
5.04
7-19-2030
 
210,000
210,305
Morgan Stanley (U.S. SOFR+1.59%)±
5.16
4-20-2029
 
195,000
196,223
Morgan Stanley (U.S. SOFR+1.71%)±
5.52
11-19-2055
 
325,000
297,713
Morgan Stanley (U.S. SOFR+1.73%)±
5.12
2-1-2029
 
565,000
568,068
Morgan Stanley (U.S. SOFR+1.76%)±
5.66
4-17-2036
 
80,000
80,234
Morgan Stanley (U.S. SOFR+1.83%)±
6.41
11-1-2029
 
460,000
474,012
Pinnacle Financial Partners, Inc. (U.S. SOFR+1.70%)±
5.60
5-19-2032
 
250,000
246,970
Wells Fargo & Co. (U.S. SOFR 3 Month+4.50%)±
5.01
4-4-2051
 
605,000
519,302
 
 
14,105,249
Diversified financial services:  1.63%
 
Aircastle Ltd.144A
5.95
2-15-2029
 
440,000
448,294
Ares Finance Co. II LLC144A
3.25
6-15-2030
 
400,000
371,556
Capital One Financial Corp. (U.S. SOFR+1.51%)±
5.40
1-30-2037
 
1,210,000
1,165,569
Citadel Finance LLC144A
5.15
2-14-2031
 
485,000
470,397
Citadel Finance LLC144A
5.90
2-10-2030
 
605,000
606,857
Computershare U.S., Inc.
1.13
10-7-2031
 
100,000
100,546
Equitable America Global Funding144A
4.95
6-9-2030
 
1,140,000
1,127,608
Franklin Templeton, Inc.
5.50
8-10-2036
 
520,000
509,621
HA Sustainable Infrastructure Capital, Inc.144A
5.95
7-15-2033
 
400,000
395,132
Intercontinental Exchange, Inc.
4.90
9-1-2031
 
370,000
368,472
Intercontinental Exchange, Inc.
5.40
9-1-2036
 
275,000
273,391
LSEG U.S. Fin Corp.144A
5.25
3-23-2036
 
375,000
364,279
PRA Group, Inc.144A
5.00
10-1-2029
 
200,000
192,190
TPG Operating Group II LP
5.88
3-5-2034
 
365,000
367,044
United Wholesale Mortgage LLC144A
5.50
4-15-2029
 
148,000
139,471
 
 
6,900,427
Insurance:  2.70%
 
Aspen Insurance Holdings Ltd.
5.75
7-1-2030
 
415,000
422,167
Asurion LLC/Asurion Co-Issuer, Inc.144A
8.00
12-31-2032
 
485,000
482,536
Athene Global Funding144A
5.03
7-17-2030
 
530,000
521,244
Athene Global Funding144A
5.54
8-22-2035
 
680,000
652,800
Cincinnati Financial Corp.
6.13
11-1-2034
 
545,000
556,658
Corebridge Global Funding144A
4.55
1-9-2031
 
585,000
569,053
Global Atlantic Fin Co. (5 Year Treasury Constant
Maturity+3.55%)144A±
7.25
3-1-2056
 
455,000
438,665
Guardian Life Insurance Co. of America144A
4.85
1-24-2077
 
370,000
292,122
Jackson Financial, Inc.
6.15
1-15-2037
 
330,000
322,846
Lincoln Financial Global Funding144A
4.95
5-21-2031
 
295,000
290,481
Lincoln Financial Global Funding144A
5.25
8-13-2031
 
490,000
486,364
MetLife, Inc. (5 Year Treasury Constant Maturity+1.82%)±
5.85
3-15-2056
 
665,000
644,877
New York Life Insurance Co.144A
3.75
5-15-2050
 
355,000
249,018
New York Life Insurance Co.144A
5.88
5-15-2033
 
660,000
672,593
Northwestern Mutual Life Insurance Co.144A
3.45
3-30-2051
 
925,000
604,959
Northwestern Mutual Life Insurance Co.144A
6.17
5-29-2055
 
415,000
408,949
Protective Life Corp.144A
4.70
1-15-2031
 
405,000
395,110
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 9

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Insurance(continued)
 
Protective Life Corp.144A
5.35
%
12-15-2035
$
475,000
$455,558
Prudential Financial, Inc. (5 Year Treasury Constant
Maturity+3.04%)±
3.70
10-1-2050
 
495,000
455,742
Prudential Financial, Inc. (5 Year Treasury Constant
Maturity+3.16%)±
5.13
3-1-2052
 
185,000
178,725
RenaissanceRe Holdings Ltd.
5.75
6-5-2033
 
290,000
291,746
RenaissanceRe Holdings Ltd.
5.80
4-1-2035
 
205,000
205,996
RGA Global Funding144A
4.60
11-25-2030
 
555,000
541,480
RGA Global Funding144A
5.05
12-6-2031
 
725,000
715,466
Transatlantic Holdings, Inc.
8.00
11-30-2039
 
210,000
249,117
Unum Group144A
4.05
8-15-2041
 
375,000
294,758
 
 
11,399,030
Investment companies:  0.48%
 
Ares Capital Corp. BDC
5.10
1-15-2031
 
460,000
443,500
Ares Capital Corp. BDC
5.50
9-1-2030
 
460,000
452,571
Ares Capital Corp. BDC
5.88
3-1-2029
 
270,000
271,639
Ares Strategic Income Fund BDC
5.70
3-15-2028
 
345,000
346,107
Blue Owl Capital Corp. BDC
5.95
3-15-2029
 
525,000
524,349
 
 
2,038,166
REITs:  0.51%
 
Alexandria Real Estate Equities, Inc.
5.25
3-15-2036
 
295,000
281,341
Essential Properties LP
2.95
7-15-2031
 
605,000
542,824
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance
Corp.144A
7.00
7-15-2031
 
99,000
102,316
Piedmont Operating Partnership LP
2.75
4-1-2032
 
150,000
127,853
Piedmont Operating Partnership LP
9.25
7-20-2028
 
270,000
288,341
Prologis Targeted U.S. Logistics Fund LP144A
4.63
3-15-2033
 
395,000
377,035
Vornado Realty LP
5.75
2-1-2033
 
435,000
433,434
 
 
2,153,144
Industrial:  0.56%
 
Building materials:  0.19%
 
Camelot Return Merger Sub, Inc.144A
8.75
8-1-2028
 
115,000
59,839
Martin Marietta Materials, Inc.
5.63
8-15-2036
 
740,000
739,897
 
 
799,736
Engineering & construction:  0.13%
 
Jacobs Solutions, Inc.
4.75
3-3-2031
 
300,000
292,875
Jacobs Solutions, Inc.
5.38
3-3-2036
 
255,000
244,507
 
 
537,382
Trucking & leasing:  0.24%
 
FTAI Aviation Investors LLC144A
7.00
6-15-2032
 
985,000
1,010,708
Technology:  1.62%
 
Computers:  0.12%
 
Hewlett Packard Enterprise Co.
5.60
10-15-2054
 
580,000
510,992
The accompanying notes are an integral part of these financial statements.
10 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
IT consulting & other services:  0.11%
 
Booz Allen Hamilton, Inc.
5.90
%
1-30-2034
$
200,000
$196,946
Booz Allen Hamilton, Inc.
5.95
8-4-2033
 
280,000
281,459
 
 
478,405
Semiconductors:  0.65%
 
Entegris, Inc.144A
4.75
4-15-2029
 
745,000
734,197
Foundry JV Holdco LLC144A
6.20
1-25-2037
 
825,000
846,186
Intel Corp.
2.80
8-12-2041
 
195,000
130,909
Intel Corp.
3.25
11-15-2049
 
405,000
249,521
Intel Corp.
5.30
5-15-2036
 
420,000
405,166
Skyworks Solutions, Inc.
5.00
8-10-2028
 
390,000
389,867
 
 
2,755,846
Software:  0.74%
 
Cloud Software Group LLC144A
8.25
6-30-2032
 
480,000
470,544
Oracle Corp.
3.85
4-1-2060
 
410,000
230,100
Oracle Corp.
4.55
2-4-2029
 
345,000
337,165
Oracle Corp.
4.95
2-4-2031
 
325,000
311,230
Oracle Corp.
5.70
2-4-2036
 
1,110,000
1,026,328
Oracle Corp.
5.95
9-26-2055
 
610,000
484,608
Oracle Corp.
6.70
2-4-2056
 
290,000
255,412
 
 
3,115,387
Utilities:  1.90%
 
Electric:  1.79%
 
Basin Electric Power Cooperative
5.85
10-15-2055
 
605,000
566,425
Dominion Energy, Inc. (5 Year Treasury Constant
Maturity+2.21%)±
6.63
5-15-2055
 
350,000
351,645
Duke Energy Corp.
3.85
6-15-2034
 
100,000
112,972
Duke Energy Indiana LLC
5.40
4-1-2053
 
305,000
274,958
Entergy Corp. (5 Year Treasury Constant Maturity+1.88%)±
6.50
12-15-2056
 
230,000
229,496
Entergy Louisiana LLC
5.65
4-15-2056
 
485,000
450,817
Entergy Mississippi LLC
5.80
4-15-2055
 
255,000
241,766
EUSHI Finance, Inc. (5 Year Treasury Constant
Maturity+3.14%)±
7.63
12-15-2054
 
460,000
475,157
Niagara Mohawk Power Corp.144A
6.00
7-3-2055
 
1,055,000
1,004,919
Pacific Gas & Electric Co.
6.10
10-15-2055
 
465,000
430,464
PacifiCorp
5.80
1-15-2055
 
390,000
354,022
PG&E Corp. (5 Year Treasury Constant Maturity+3.88%)±
7.38
3-15-2055
 
498,000
500,530
Public Service Co. of Oklahoma Series O
5.40
2-15-2034
 
265,000
263,977
San Diego Gas & Electric Co. Series EEEE
5.95
3-15-2056
 
325,000
313,622
Sempra (5 Year Treasury Constant Maturity+2.35%)±
6.63
4-1-2055
 
475,000
476,268
Southern California Edison Co.
3.65
2-1-2050
 
290,000
191,174
Southern California Edison Co.
5.75
4-15-2054
 
310,000
275,612
Virginia Electric & Power Co.
5.65
8-15-2036
 
310,000
310,707
Virginia Electric & Power Co.
6.30
8-15-2056
 
365,000
368,424
Vistra Operations Co. LLC144A
5.00
7-31-2027
 
365,000
364,817
 
 
7,557,772
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 11

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Gas:  0.11%
 
Brooklyn Union Gas Co.144A
6.39
%
9-15-2033
$
445,000
$464,247
Total corporate bonds and notes (Cost $96,105,145)
 
94,078,901
Foreign corporate bonds and notes:  1.90%
 
Basic materials:  0.07%
 
Chemicals:  0.07%
 
INEOS Finance PLC
6.63
5-15-2028
EUR
231,000
270,381
Communications:  0.56%
 
Media:  0.07%
 
Ziggo BV
2.88
1-15-2030
EUR
270,000
292,249
Telecommunications:  0.49%
 
British Telecommunications Ltd.
3.13
2-11-2032
EUR
195,000
217,553
British Telecommunications Ltd. (UK Gilts 5 Year+3.82%)±
8.38
12-20-2083
GBP
100,000
142,557
Chorus Ltd.
3.53
11-26-2032
EUR
211,000
237,597
FiberCop SpA
1.63
1-18-2029
EUR
130,000
146,517
Koninklijke KPN NV
3.88
7-3-2031
EUR
100,000
116,687
SES SA (EURIBOR ICE Swap Rate 11:00am+3.23%)±
5.50
9-12-2054
EUR
255,000
295,069
TDC Net AS
6.50
6-1-2031
EUR
250,000
314,565
Telefonica Europe BV (EUR Swap Annual (vs. 6 Month
EURIBOR) 7 Year+3.35%)ʊ±
6.14
2-3-2030
EUR
200,000
242,703
VMED O2 U.K. Financing I PLC
5.63
4-15-2032
EUR
360,000
357,270
 
 
2,070,518
Consumer, cyclical:  0.14%
 
Auto manufacturers:  0.08%
 
RCI Banque SA
3.63
11-3-2032
EUR
200,000
222,411
Traton Finance Luxembourg SA
3.88
11-13-2031
EUR
100,000
114,733
 
 
337,144
Entertainment:  0.03%
 
Universal Music Group NV
4.00
6-13-2031
EUR
115,000
134,394
Leisure time:  0.03%
 
TUI AG
5.88
3-15-2029
EUR
110,000
131,411
Consumer, non-cyclical:  0.15%
 
Agriculture:  0.03%
 
BAT Netherlands Finance BV
5.38
2-16-2031
EUR
100,000
122,824
Commercial services:  0.08%
 
Nexi SpA
2.13
4-30-2029
EUR
150,000
167,340
Transurban Finance Co. Pty. Ltd.
4.23
4-26-2033
EUR
135,000
158,623
 
 
325,963
Food:  0.04%
 
Market Bidco Finco PLC
5.50
11-4-2027
GBP
140,000
189,626
The accompanying notes are an integral part of these financial statements.
12 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Energy:  0.05%
 
Oil & gas:  0.05%
 
Aker BP ASA
1.13
%
5-12-2029
EUR
200,000
$217,423
Financial:  0.48%
 
Banks:  0.34%
 
ABN AMRO Bank NV (EUR Swap Annual (vs. 6 Month EURIBOR)
5 Year+3.90%)ʊ±
4.75
9-22-2027
EUR
200,000
233,599
BAWAG Group AG (EURIBOR ICE Swap Rate
11:00am+5.05%)ʊ±
7.25
9-18-2029
EUR
200,000
245,166
CaixaBank SA (EUR Swap Annual (vs. 6 Month EURIBOR) 5
Year+3.55%)±
6.25
2-23-2033
EUR
100,000
119,634
Credit Agricole SA (EURIBOR ICE Swap Rate
11:00am+4.44%)ʊ±
7.25
9-23-2028
EUR
100,000
122,416
KBC Group NV (EURIBOR ICE Swap Rate 11:00am+4.93%)ʊ±
8.00
9-5-2028
EUR
400,000
496,386
Luminor Bank AS (3 Month EURIBOR+1.28%)±
4.27
5-27-2031
EUR
100,000
116,258
Raiffeisen Bank International AG (EURIBOR ICE Swap Rate
11:00am+5.20%)±
7.38
12-20-2032
EUR
100,000
120,205
 
 
1,453,664
Insurance:  0.03%
 
AXA SA
3.63
1-10-2033
EUR
100,000
115,200
Real estate:  0.11%
 
Aroundtown SA
3.50
5-13-2030
EUR
200,000
225,424
Castellum AB (EUR Swap Annual (vs. 6 Month EURIBOR) 5
Year+3.45%)ʊ±
3.13
12-2-2026
EUR
200,000
231,109
 
 
456,533
Government securities:  0.05%
 
Multi-national:  0.05%
 
Banque Ouest Africaine de Developpement
2.75
1-22-2033
EUR
230,000
227,548
Technology:  0.04%
 
Computers:  0.04%
 
Almaviva-The Italian Innovation Co. SpA144A
5.00
10-30-2030
EUR
135,000
154,896
Utilities:  0.36%
 
Electric:  0.09%
 
Enel Finance International NV
4.00
2-20-2031
EUR
100,000
117,401
Iberdrola Finanzas SA (EURIBOR ICE Swap Rate
11:00am+1.36%)ʊ±
3.75
8-5-2031
EUR
100,000
112,454
Vattenfall AB (UK Gilts 5 Year+1.90%)±
2.50
6-29-2083
GBP
105,000
135,389
 
 
365,244
Gas:  0.20%
 
APA Infrastructure Ltd.
2.00
7-15-2030
EUR
150,000
162,927
Centrica PLC (UK Gilts 5 Year+2.51%)±
6.50
5-21-2055
GBP
500,000
683,555
 
 
846,482
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 13

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Water:  0.07%
 
Holding d’Infrastructures des Metiers de l’Environnement
SAS
4.88
%
10-24-2029
EUR
265,000
$315,186
Total foreign corporate bonds and notes (Cost $7,717,951)
 
8,026,686
Foreign government bonds:  5.34%
 
Australia:  0.65%
 
Australia
2.25
5-21-2028
AUD
3,965,000
2,728,177
Belgium:  0.22%
 
Kingdom of Belgium144A
3.40
6-22-2036
EUR
830,000
927,480
Brazil:  0.75%
 
Brazil
10.00
1-1-2029
BRL
6,000,000
1,073,141
Brazil
10.00
1-1-2031
BRL
12,500,000
2,091,704
 
 
3,164,845
Colombia:  0.56%
 
Colombia TES
5.75
11-3-2027
COP
8,200,000,000
2,378,604
France:  0.60%
 
French Republic144A
2.40
9-24-2028
EUR
1,365,000
1,563,096
French Republic144A
2.70
2-25-2031
EUR
880,000
991,539
 
 
2,554,635
Germany:  0.61%
 
Bundesobligation
2.50
4-16-2031
EUR
875,000
993,142
Bundesschatzanweisungen
2.50
6-14-2028
EUR
445,000
513,152
Bundesschatzanweisungen
2.70
9-13-2028
EUR
910,000
1,052,296
 
 
2,558,590
Italy:  0.23%
 
Italy
2.20
2-28-2028
EUR
865,000
992,382
Mexico:  0.25%
 
Mexico
8.50
2-28-2030
MXN
17,800,000
1,054,357
Norway:  0.25%
 
Norway144A
2.00
4-26-2028
NOK
10,250,000
1,052,452
South Africa:  0.26%
 
Republic of South Africa
10.50
12-21-2027
ZAR
16,800,000
1,082,524
South Korea:  0.06%
 
Korea
2.75
9-10-2045
KRW
450,000,000
261,234
Sweden:  0.25%
 
Sweden
2.50
10-15-2036
SEK
10,500,000
1,039,284
The accompanying notes are an integral part of these financial statements.
14 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
United Kingdom:  0.65%
 
U.K. Gilts
4.38
%
3-7-2028
GBP
1,180,000
$1,598,178
U.K. Gilts
4.38
3-7-2030
GBP
852,000
1,147,674
 
 
2,745,852
Total foreign government bonds (Cost $22,179,320)
 
22,540,416
 
 
 
 
 
Shares
 
Investment companies:  3.06%
 
Exchange-traded funds:  3.06%
 
iShares Broad USD High Yield Corporate Bond ETF
 
81,852
3,021,976
State Street SPDR Portfolio High Yield Bond ETF
 
95,779
2,236,440
Vanguard Intermediate-Term Corporate Bond ETF
 
53,733
4,357,209
Vanguard Short-Term Corporate Bond ETF
 
42,071
3,303,835
Total investment companies (Cost $13,037,875)
 
12,919,460
 
 
 
 
 
Principal
 
Loans:  0.00%
 
Consumer, cyclical:  0.00%
 
Airlines:  0.00%
 
Vista Management Holding, Inc. (U.S. SOFR 3
Month+3.75%)±
7.48
4-1-2031
$
14,700
14,755
Total loans (Cost $14,611)
 
14,755
Non-agency mortgage-backed securities:  5.86%
 
1345 Trust Series 2025-AOA Class A (U.S. SOFR 1
Month+1.60%)144A±
5.24
6-15-2042
 
750,000
751,484
A&D Mortgage Trust Series 2024-NQM5 Class A1144A
5.70
11-25-2069
 
698,686
698,074
A&D Mortgage Trust Series 2024-NQM6 Class A2144A±±
5.92
1-25-2070
 
797,161
796,860
A&D Mortgage Trust Series 2025-NQM3 Class A1144A±±
5.37
8-25-2070
 
352,074
349,850
A&D Mortgage Trust Series 2026-NQM1 Class A1144A±±
4.91
2-25-2071
 
322,432
317,026
Ajax Mortgage Loan Trust Series 2021-E Class A1144A±±
1.74
12-25-2060
 
971,619
841,081
Angel Oak Mortgage Trust Series 2025-1 Class A1144A±±
5.69
1-25-2070
 
672,204
672,809
BAHA Trust Series 2024-MAR Class B144A±±
7.07
12-10-2041
 
1,000,000
1,018,294
BHMS Commercial Mortgage Trust Series 2025-ATLS Class B
(U.S. SOFR 1 Month+2.55%)144A±
6.19
8-15-2042
 
210,000
210,331
BOCA Commercial Mortgage Trust Series 2025-BOCA Class C
(U.S. SOFR 1 Month+2.15%)144A±
5.79
12-15-2042
 
100,000
100,118
BX Trust Series 2019-OC11 Class A144A
3.20
12-9-2041
 
1,300,000
1,220,748
BX Trust Series 2025-DELC Class C (U.S. SOFR 1
Month+2.20%)144A±
5.84
12-15-2042
 
1,025,000
1,025,882
BX Trust Series 2025-VOLT Class B (U.S. SOFR 1
Month+2.10%)144A±
5.74
12-15-2044
 
840,000
836,627
CSMC Trust Series 2018-RPL9 Class A144A±±
3.85
9-25-2057
 
695,332
667,961
EFMT Series 2025-NQM3 Class A1144A±±
5.49
8-25-2070
 
609,322
606,998
FS Commercial Mortgage Trust Series 2026-PALM Class A
(U.S. SOFR 1 Month+1.40%)144A±
5.04
7-15-2041
 
330,000
330,362
FS Trust Series 2026-HULA Class B (U.S. SOFR 1
Month+1.65%)144A±
5.29
3-15-2041
 
545,000
546,042
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 15

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Non-agency mortgage-backed securities(continued)
 
GCAT Trust Series 2026-NQM2 Class A1144A±±
5.45
%
2-25-2071
$
1,896,958
$1,883,858
Harvest Commercial Capital Loan Trust Series 2024-1 Class A
6.16
10-25-2056
 
912,713
920,894
HAVN Trust Series 2025-MOB Class A (U.S. SOFR 1
Month+1.70%)144A±
5.34
10-15-2035
 
320,000
319,800
JPMorgan Mortgage Trust Series 2025-7MPR
Class A1D144A±±
5.32
2-25-2056
 
733,548
728,866
JPMorgan Mortgage Trust Series 2025-CES1
Class A3144A±±
6.07
5-25-2055
 
1,000,000
1,000,723
Mill City Mortgage Loan Trust Series 2026-R1
Class A1144A±±
5.46
10-25-2062
 
1,854,413
1,839,117
MLTI Trust Series 2026-MLTI Class C10 (U.S. SOFR 1
Month+1.80%)144A±
5.44
6-15-2039
 
930,000
933,980
Morgan Stanley Capital I Trust Series 2014-150E Class A144A
3.91
9-9-2032
 
1,320,000
1,251,518
Morgan Stanley Residential Mortgage Loan Trust Series 2025-
NQM5 Class A1144A±±
5.44
7-25-2070
 
342,671
341,030
One New York Plaza Trust Series 2020-1NYP Class A
(U.S. SOFR 1 Month+1.06%)144A±
4.70
1-15-2036
 
212,379
206,552
PFDR Trust Series 2026-DLVR Class B (U.S. SOFR 1
Month+2.10%)144A±
5.74
6-15-2043
 
425,000
425,780
PRKCM Trust Series 2022-AFC1 Class A1A144A±±
5.10
4-25-2057
 
533,530
527,166
RCKT Mortgage Trust Series 2024-CES9 Class A1A144A±±
5.58
12-25-2044
 
119,583
119,509
ROCK Trust Series 2024-CNTR Class A144A
5.39
11-13-2041
 
1,000,000
1,002,956
ROCK Trust Series 2024-CNTR Class B144A
5.93
11-13-2041
 
225,000
226,971
SDAL Trust Series 2025-DAL Class A (U.S. SOFR 1
Month+2.44%)144A±
6.08
4-15-2042
 
760,000
761,143
SFAVE Commercial Mortgage Securities Trust Series 2015-
5AVE Class D144A±±
4.53
1-5-2043
 
100,000
74,760
SWCH Commercial Mortgage Trust Series 2025-DATA Class B
(U.S. SOFR 1 Month+1.84%)144A±
5.48
2-15-2042
 
1,000,000
988,975
Verus Securitization Trust Series 2024-9 Class M1144A±±
6.20
11-25-2069
 
200,000
199,739
Total non-agency mortgage-backed securities
(Cost $24,875,537)
 
24,743,884
U.S. Treasury securities:  11.10%
 
U.S. Treasury Bonds
2.88
5-15-2043
 
335,000
248,580
U.S. Treasury Bonds
3.00
2-15-2049
 
360,000
251,494
U.S. Treasury Bonds
3.88
5-15-2043
 
270,000
230,639
U.S. Treasury Bonds
4.38
8-15-2043
 
315,000
286,355
U.S. Treasury Bonds
4.63
5-15-2044
 
420,000
391,847
U.S. Treasury Bonds
4.63
11-15-2044
 
520,000
483,681
U.S. Treasury Bonds##
4.63
2-15-2046
 
25,000,000
23,128,906
U.S. Treasury Bonds
4.63
11-15-2055
 
1,019,000
924,106
U.S. Treasury Bonds
4.75
2-15-2056
 
2,870,000
2,657,889
U.S. Treasury Bonds
5.00
5-15-2045
 
3,907,000
3,800,778
U.S. Treasury Notes
3.88
4-15-2029
 
1,645,000
1,624,181
U.S. Treasury Notes
4.13
7-15-2029
 
480,000
476,438
U.S. Treasury Notes
4.13
11-15-2032
 
4,376,000
4,271,044
The accompanying notes are an integral part of these financial statements.
16 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
U.S. Treasury securities(continued)
 
U.S. Treasury Notes
4.38
%
5-15-2036
$
6,161,000
$5,987,722
U.S. Treasury Notes
4.63
8-15-2036
 
2,161,000
2,140,403
Total U.S. Treasury securities (Cost $48,472,282)
 
46,904,063
Yankee corporate bonds and notes:  8.34%
 
Basic materials:  0.06%
 
Mining:  0.06%
 
Glencore Finance Canada Ltd.144A
6.90
11-15-2037
 
240,000
259,682
Communications:  0.48%
 
Telecommunications:  0.48%
 
Nokia Oyj
6.63
5-15-2039
 
285,000
291,535
Rogers Communications, Inc. (5 Year Treasury Constant
Maturity+2.62%)±
7.13
4-15-2055
 
431,000
433,577
Rogers Communications, Inc. (5 Year Treasury Constant
Maturity+2.84%)±
6.88
7-31-2056
 
530,000
531,410
TELUS Corp. (5 Year Treasury Constant Maturity+2.52%)±
6.63
6-9-2056
 
420,000
404,893
TELUS Corp. (5 Year Treasury Constant Maturity+2.71%)±
7.00
10-15-2055
 
370,000
367,584
 
 
2,028,999
Consumer, cyclical:  0.38%
 
Apparel:  0.09%
 
Gildan Activewear, Inc.144A
5.40
10-7-2035
 
380,000
363,911
Leisure time:  0.29%
 
Royal Caribbean Cruises Ltd.
5.25
2-27-2038
 
440,000
413,789
Royal Caribbean Cruises Ltd.144A
5.63
9-30-2031
 
130,000
130,119
Royal Caribbean Cruises Ltd.144A
6.00
2-1-2033
 
675,000
678,584
 
 
1,222,492
Consumer, non-cyclical:  0.11%
 
Beverages:  0.11%
 
Becle SAB de CV144A
2.50
10-14-2031
 
540,000
462,159
Energy:  1.11%
 
Oil & gas:  1.03%
 
Aker BP ASA144A
5.80
10-1-2054
 
320,000
290,557
BP Capital Markets PLC (5 Year Treasury Constant
Maturity+2.15%)ʊ±
6.45
12-1-2033
 
465,000
477,109
BP Capital Markets PLC (5 Year Treasury Constant
Maturity+4.40%)ʊ±
4.88
3-22-2030
 
1,110,000
1,084,092
Eni SpA144A
5.25
5-18-2036
 
450,000
434,799
Eni SpA144A
6.00
5-18-2056
 
235,000
224,338
Harbour Energy Finance 2 PLC144A
5.93
8-19-2033
 
330,000
328,822
Harbour Energy Finance 2 PLC144A
6.33
4-1-2035
 
915,000
923,528
Santos Finance Ltd.144A
5.75
11-13-2035
 
595,000
586,997
 
 
4,350,242
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 17

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Pipelines:  0.08%
 
Enbridge, Inc. (5 Year Treasury Constant Maturity+4.42%)±
7.63
%
1-15-2083
$
60,000
$64,405
Enbridge, Inc. Series 20-A (5 Year Treasury Constant
Maturity+5.31%)±
5.75
7-15-2080
 
295,000
294,100
 
 
358,505
Financial:  5.33%
 
Banks:  4.33%
 
Banco Mercantil del Norte SA (5 Year Treasury Constant
Maturity+4.64%)144Aʊ±
5.88
1-24-2027
 
420,000
418,379
Banco Santander SA
5.44
7-15-2031
 
430,000
435,259
Bank of Ireland Group PLC (U.S. SOFR+1.16%)144A±
5.00
11-12-2032
 
505,000
496,834
Bank of Montreal Series J (U.S. SOFR+0.96%)±
4.88
6-2-2032
 
205,000
202,161
Bank of Montreal Series J (U.S. SOFR+1.21%)±
5.30
6-2-2037
 
620,000
605,870
Banque Federative du Credit Mutuel SA144A
5.19
2-16-2028
 
650,000
653,737
Banque Federative du Credit Mutuel SA
(U.S. SOFR+1.20%)144A±
5.15
7-9-2032
 
640,000
629,440
Barclays PLC (U.S. SOFR+1.51%)±
5.21
2-24-2037
 
310,000
293,895
BBVA Mexico SA Institucion De Banca Multiple Grupo
Financiero BBVA Mexico144A
5.40
6-3-2031
 
410,000
407,089
BNP Paribas SA (5 Year Treasury Constant
Maturity+2.85%)144Aʊ±
6.88
12-15-2033
 
815,000
798,260
BNP Paribas SA (5 Year Treasury Constant
Maturity+4.90%)144Aʊ±
7.75
8-16-2029
 
385,000
401,732
Canadian Imperial Bank of Commerce (U.S. SOFR+0.79%)±
4.28
1-29-2030
 
1,000,000
984,580
Commonwealth Bank of Australia (1 Year Treasury Constant
Maturity+1.32%)144A±
5.93
3-14-2046
 
1,080,000
1,048,280
Credit Agricole SA (U.S. SOFR+1.36%)144A±
4.82
9-25-2033
 
525,000
503,995
Credit Agricole SA (U.S. SOFR+1.46%)144A±
5.22
5-27-2031
 
975,000
972,309
Danske Bank AS (1 Year Treasury Constant
Maturity+1.40%)144A±
5.71
3-1-2030
 
690,000
700,812
Danske Bank AS (1 Year Treasury Constant
Maturity+1.75%)144A±
4.30
4-1-2028
 
635,000
633,685
Deutsche Bank AG (U.S. SOFR+1.10%)±
4.47
12-10-2031
 
1,035,000
1,007,355
DNB Bank ASA (U.S. SOFR+1.13%)144A±
4.83
3-30-2032
 
1,270,000
1,249,362
HSBC Holdings PLC (U.S. SOFR+1.57%)±
5.24
5-13-2031
 
840,000
840,941
Lloyds Banking Group PLC (1 Year Treasury Constant
Maturity+0.80%)±
5.20
8-17-2032
 
820,000
817,122
Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant
Maturity+0.82%)±
5.19
7-23-2032
 
360,000
358,031
National Australia Bank Ltd. (1 Year Treasury Constant
Maturity+1.18%)144A±
5.63
6-4-2037
 
745,000
727,269
National Australia Bank Ltd. (5 Year Treasury Constant
Maturity+1.70%)144A±
3.35
1-12-2037
 
520,000
464,194
NatWest Markets PLC144A
4.65
3-27-2029
 
840,000
834,641
Sumitomo Mitsui Financial Group, Inc. (U.S. SOFR+1.29%)±
5.30
7-7-2037
 
290,000
281,341
UBS Group AG (5 Year Treasury Constant
Maturity+3.40%)144Aʊ±
4.88
2-12-2027
 
81,000
80,705
The accompanying notes are an integral part of these financial statements.
18 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Banks(continued)
 
UBS Group AG (U.S. SOFR+1.73%)144A±
3.09
%
5-14-2032
$
790,000
$716,941
UBS Group AG (USD SOFR ICE Swap Rate 11:00am NY 5
Year+3.63%)144Aʊ±
6.85
9-10-2029
 
705,000
718,064
 
 
18,282,283
Diversified financial services:  0.58%
 
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (5
Year Treasury Constant Maturity+2.72%)±
6.95
3-10-2055
 
505,000
517,504
Avolon Holdings Funding Ltd.144A
2.75
2-21-2028
 
210,000
203,551
Avolon Holdings Funding Ltd.144A
4.95
1-15-2028
 
380,000
380,414
Avolon Holdings Funding Ltd.144A
5.75
3-1-2029
 
225,000
227,988
Brookfield Asset Management Ltd.
5.30
1-15-2036
 
180,000
172,465
Brookfield Asset Management Ltd.
6.08
9-15-2055
 
390,000
378,936
Brookfield Finance, Inc.
5.33
1-15-2036
 
585,000
564,648
 
 
2,445,506
Insurance:  0.30%
 
Allianz SE (5 Year Treasury Constant Maturity+3.23%)144A±
6.35
9-6-2053
 
780,000
800,257
Sompo Holdings, Inc. (1 Year Treasury Constant
Maturity+2.13%)144A±
5.41
4-22-2037
 
495,000
472,779
 
 
1,273,036
Savings & loans:  0.12%
 
Nationwide Building Society (U.S. SOFR+1.42%)144A±
5.52
7-14-2037
 
545,000
531,293
Government securities:  0.33%
 
Multi-national:  0.33%
 
African Export-Import Bank144A
3.80
5-17-2031
 
710,000
644,091
Banque Ouest Africaine de Developpement144A
4.70
10-22-2031
 
305,000
279,380
Banque Ouest Africaine de Developpement144A
5.00
7-27-2027
 
480,000
478,032
 
 
1,401,503
Industrial:  0.33%
 
Electronics:  0.10%
 
Flex Ltd.
5.38
11-13-2035
 
435,000
411,519
Engineering & construction:  0.23%
 
CIMIC Finance Ltd.144A
6.00
4-22-2036
 
295,000
288,141
CIMIC Finance USA Pty. Ltd.144A
7.00
3-25-2034
 
255,000
267,429
WSP Global, Inc.144A
5.71
9-18-2036
 
430,000
414,571
 
 
970,141
Utilities:  0.21%
 
Electric:  0.21%
 
Comision Federal de Electricidad144A
3.35
2-9-2031
 
820,000
741,034
Empresa Distribuidora Y Comercializadora Norte144A
9.50
4-28-2033
 
130,000
128,082
 
 
869,116
Total yankee corporate bonds and notes (Cost $35,701,523)
 
35,230,387
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 19

Portfolio of investments—August 31, 2026
 
 
 
 
Interest
rate
Maturity
date
Principal
Value
Yankee government bonds:  1.58%
 
Argentina:  0.24%
 
Argentinaøø
0.75
%
7-9-2030
$
217,600
$188,278
City of Buenos Aires144A
7.80
11-26-2033
 
370,000
382,632
Province of Santa Fe144A
8.10
12-11-2034
 
435,000
431,777
 
 
1,002,687
Bermuda:  0.05%
 
Bermuda144A
3.38
8-20-2050
 
285,000
188,165
Israel:  0.42%
 
Israel
4.50
1-13-2031
 
810,000
788,721
Israel
5.75
3-12-2054
 
635,000
581,203
Israel
5.88
1-13-2056
 
450,000
420,692
 
 
1,790,616
Ivory Coast:  0.10%
 
Ivory Coast144A
8.25
1-30-2037
 
400,000
435,268
Mexico:  0.54%
 
Mexico
4.75
3-8-2044
 
145,000
113,101
Mexico
5.63
9-22-2035
 
480,000
459,883
Mexico
6.00
5-7-2036
 
255,000
249,436
Mexico
6.13
2-9-2038
 
380,000
366,065
Mexico
6.25
8-27-2037
 
300,000
294,615
Mexico
6.35
2-9-2035
 
470,000
474,705
Mexico
3.77
5-24-2061
 
565,000
323,915
 
 
2,281,720
Panama:  0.09%
 
Panama
2.25
9-29-2032
 
480,000
398,141
Peru:  0.04%
 
Fondo MIVIVIENDA SA144A
5.40
3-31-2031
 
150,000
150,445
Trinidad and Tobago:  0.10%
 
Trinidad & Tobago144A
6.50
1-28-2036
 
410,000
416,019
Total yankee government bonds (Cost $6,684,911)
 
6,663,061
 
 
 
Yield
 
Shares
 
Short-term investments:  5.13%
 
Investment companies:  3.01%
 
Allspring Government Money Market Fund Select Class♠∞##
3.60
 
12,714,893
12,714,893
The accompanying notes are an integral part of these financial statements.
20 | Allspring Core Plus ETF

Portfolio of investments—August 31, 2026
 
 
 
 
 
Yield
Maturity
date
Principal
Value
U.S. Treasury securities:  2.12%
 
U.S. Treasury Bills☼
3.59
%
10-13-2026
$
9,000,000
$8,961,184
Total short-term investments (Cost $21,676,414)
 
21,676,077
Total investments in securities (Cost $440,409,564)
102.91
%
 
434,767,831
Other assets and liabilities, net
(2.91
)
 
(12,279,717
)
Total net assets
100.00
%
 
$422,488,114
 
%%
The security is purchased on a when-issued basis.
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.
±
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.
ʊ
Security is perpetual in nature and has no stated maturity date. The date shown reflects the next call date.
##
All or a portion of this security is segregated as collateral for when-issued securities.
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.
♠
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.
☼
Zero coupon security. The rate represents the current yield to maturity.
 
Abbreviations:
 
AUD
Australian dollar
BDC
Business Development Company
BRL
Brazilian real
CLP
Chilean peso
COP
Colombian peso
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
KRW
Republic of Korea won
MXN
Mexican peso
NOK
Norwegian krone
REIT
Real estate investment trust
SEK
Swedish krona
SOFR
Secured Overnight Financing Rate
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
$11,580,005
$304,763,897
$(303,629,009
)
$0
$0
$12,714,893
12,714,893
$398,203
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 21

Portfolio of investments—August 31, 2026
 
 
Forward foreign currency contracts 
Currency to be
received
Currency to be
delivered
Counterparty
Settlement
date
Unrealized
gains
Unrealized
losses
USD
2,277,779
COP
7,994,000,000
Morgan Stanley, Inc.
9-2-2026
$0
$(201,558
)
COP
7,994,000,000
USD
2,599,421
Morgan Stanley, Inc.
9-2-2026
0
(120,085
)
USD
2,240,238
BRL
11,440,000
State Street Bank & Trust Co.
9-4-2026
33,177
0
BRL
11,440,000
USD
2,194,135
State Street Bank & Trust Co.
9-4-2026
12,926
0
USD
3,788,809
GBP
2,811,000
Bank of New York Mellon Corp.
9-16-2026
0
(20,127
)
USD
538,479
ZAR
8,780,000
Bank of New York Mellon Corp.
9-18-2026
0
(6,081
)
ZAR
8,780,000
USD
537,714
Bank of New York Mellon Corp.
9-18-2026
6,847
0
USD
1,025,137
MXN
18,030,000
Bank of New York Mellon Corp.
9-30-2026
0
(33,372
)
USD
14,389,847
EUR
12,450,000
Bank of New York Mellon Corp.
10-5-2026
0
(90,006
)
USD
420,762
CLP
390,000,000
State Street Bank & Trust Co.
10-8-2026
2,802
0
CLP
390,000,000
USD
424,582
State Street Bank & Trust Co.
10-8-2026
0
(6,622
)
USD
2,508,154
AUD
3,590,000
Bank of New York Mellon Corp.
10-20-2026
0
(62,493
)
USD
1,078,043
SEK
10,310,000
Bank of New York Mellon Corp.
10-20-2026
0
(1,319
)
USD
2,168,104
BRL
11,440,000
State Street Bank & Trust Co.
11-3-2026
0
(11,878
)
USD
2,552,118
COP
7,994,000,000
Morgan Stanley, Inc.
11-23-2026
114,055
0
USD
529,167
NOK
4,950,000
State Street Bank & Trust Co.
11-23-2026
4
0
 
 
 
 
$169,811
$(553,541
)
Futures contracts 
Description
Number of
contracts
Expiration
date
Notional
cost
Notional
value
Unrealized
gains
Unrealized
losses
Long
10-Year U.S. Treasury Notes
173
12-21-2026
$18,768,548
$18,624,531
$0
$(144,017
)
Ultra U.S. Treasury Bond
72
12-21-2026
8,013,685
7,922,250
0
(91,435
)
2-Year U.S. Treasury Notes
232
12-31-2026
47,739,808
47,614,375
0
(125,433
)
5-Year U.S. Treasury Notes
113
12-31-2026
12,012,430
11,944,453
0
(67,977
)
Short
10-Year Euro BUND Index
(10
)
9-8-2026
(1,465,511
)
(1,431,726
)
33,785
0
2-Year Euro SCHATZ
(4
)
9-8-2026
(491,646
)
(489,221
)
2,425
0
5-Year Euro-BOBL Futures
(9
)
9-8-2026
(1,198,635
)
(1,184,432
)
14,203
0
Ultra 10-Year U.S. Treasury Notes
(120
)
12-21-2026
(13,255,994
)
(13,130,625
)
125,369
0
 
$175,782
$(428,862
)
The accompanying notes are an integral part of these financial statements.
22 | Allspring Core Plus ETF

Statement of assets and liabilities—August 31, 2026 
Financial statements
Statement of assets and liabilities 
Assets
Investments in unaffiliated securities, at value (cost $427,694,671)
$422,052,938
Investments in affiliated securities, at value (cost $12,714,893)
12,714,893
Cash
137
Cash at broker segregated for futures contracts
1,240,000
Segregated cash for forward foreign currency contracts
670,000
Segregated cash for when-issued securities
20,000
Receivable for interest
3,543,763
Receivable for investments sold
2,201,981
Unrealized gains on forward foreign currency contracts
169,811
Receivable for daily variation margin on open futures contracts
45,961
Total assets
442,659,484
Liabilities
Payable for investments purchased
19,408,551
Unrealized losses on forward foreign currency contracts
553,541
Management fee payable
107,630
Payable for daily variation margin on open futures contracts
100,039
Contingent tax liability
1,589
Accrued expenses and other liabilities
20
Total liabilities
20,171,370
Total net assets
$422,488,114
Net assets consist of
Paid-in capital
$433,735,831
Total distributable loss
(11,247,717
)
Total net assets
$422,488,114
Net asset value per share
Based on $422,488,114 divided by 17,500,000 shares issued and outstanding (unlimited number of shares authorized)
$24.14
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 23

Statement of operations—year ended August 31, 2026
Statement of operations 
Investment income
Interest (net of foreign withholding taxes of $4,165)
$18,244,972
Income from affiliated securities
398,203
Dividends
294,490
Total investment income
18,937,665
Expenses
Management fee
1,090,087
Interest expense
338
Total expenses
1,090,425
Net investment income
17,847,240
Realized and unrealized gains (losses) on investments
Net realized gains (losses) on
Unaffiliated securities (net of foreign capital gains tax of $1,880)
(1,860,360
)
Unaffiliated in-kind redemptions
1,051,403
Foreign currency and foreign currency translations
(81,781
)
Forward foreign currency contracts
(607,143
)
Futures contracts
(1,323,583
)
Swap contracts
59,931
Net realized losses on investments
(2,761,533
)
Net change in unrealized gains (losses) on
Unaffiliated securities (net of deferred foreign capital gains tax of $325)
(9,513,635
)
Foreign currency and foreign currency translations
5,862
Forward foreign currency contracts
(165,118
)
Futures contracts
(317,593
)
Swap contracts
(14,111
)
Net change in unrealized gains (losses) on investments
(10,004,595
)
Net realized and unrealized gains (losses) on investments
(12,766,128
)
Net increase in net assets resulting from operations
$5,081,112
The accompanying notes are an integral part of these financial statements.
24 | Allspring Core Plus ETF

Statement of changes in net assets
Statement of changes in net assets 
 
Year ended
August 31, 2026
Year ended
August 31, 20251
Operations
Net investment income
$17,847,240
$7,201,238
Net realized gains (losses) on investments
(2,761,533
)
786,242
Net change in unrealized gains (losses) on investments
(10,004,595
)
3,736,849
Net increase in net assets resulting from operations
5,081,112
11,724,329
Distributions to shareholders from
Net investment income and net realized gains
(19,566,139
)
(6,458,212
)
Capital share transactions
Shares
Shares
Proceeds from shares sold
9,600,000
239,080,504
12,304,000
301,329,141
Payment for shares redeemed
(2,100,000
)
(51,638,077
)
(2,304,000
)
(57,064,544
)
Net increase in net assets resulting from capital share transactions
187,442,427
244,264,597
Total increase in net assets
172,957,400
249,530,714
Net assets
Beginning of period
249,530,714
0
End of period
$422,488,114
$249,530,714
1 For the period from December 4, 2024 (commencement of operations) to August 31, 2025
The accompanying notes are an integral part of these financial statements.
Allspring Core Plus ETF | 25

Financial highlights
Financial highlights
 
(For a share outstanding throughout each period) 
 
 
Year ended August 31
 
2026
20251
Net asset value, beginning of period
$24.95
$25.00
Net investment income
1.21
2
0.93
2
Net realized and unrealized gains (losses) on investments
(0.70
)
(0.17
)
Total from investment operations
0.51
0.76
Distributions to shareholders from
Net investment income
(1.17
)
(0.81
)
Net realized gains
(0.15
)
0.00
Total distributions to shareholders
(1.32
)
(0.81
)
Net asset value, end of period
$24.14
$24.95
Total return3
2.05
%
3.13
%
Ratios to average net assets (annualized)
Expenses
0.30
%
0.30
%
Net investment income
4.91
%
5.08
%
Supplemental data
Portfolio turnover rate4
202
%
229
%
Net assets, end of period (000s omitted)
$422,488
$249,531
 
1
For the period from December 4, 2024 (commencement of operations) to August 31, 2025
2
Calculated based upon average shares outstanding
3
Returns include adjustments required by U.S. GAAP and may differ from net asset values and performance reported elsewhere. Returns for periods of less than one year
are not annualized.
4
Portfolio turnover rate excludes in-kind transactions, if any.
The accompanying notes are an integral part of these financial statements.
26 | Allspring Core Plus ETF

Notes to financial statements
Notes to financial statements
1.ORGANIZATION
Allspring Exchange-Traded Funds Trust (the “Trust”), a Delaware statutory trust organized on June 19, 2014, is an open-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”). As an investment company, the Trust follows the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies. These financial statements report on the Allspring Core Plus ETF (the “Fund”) which is a diversified series of the Trust.
2.SIGNIFICANT ACCOUNTING POLICIES
The following significant accounting policies, which are consistently followed in the preparation of the financial statements of the Fund, are in conformity with U.S. generally accepted accounting principles (“GAAP”) which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.
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”).
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 (“NAV”).
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.
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 Fund’s 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.
Allspring Core Plus ETF | 27

Notes to financial statements
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 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 and any unrealized gains or losses are recorded in the Statement of assets and liabilities.
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 Fund’s 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) in the Statement of assets and liabilities. 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 in the Statement of operations.
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 and cash deposited is shown as cash segregated for centrally cleared swaps in the Statement of assets and liabilities. 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) and shown as variation margin receivable (or payable) on centrally cleared swaps in the Statement of assets and liabilities. Payments received from (paid to) the counterparty are recorded as realized gains (losses) in the Statement of operations 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).
28 | Allspring Core Plus ETF

Notes to financial statements
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.
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.
Security transactions and income recognition
Securities transactions are recorded on a trade date basis. Realized gains or losses are recorded on the basis of identified cost.
Interest income is accrued daily and bond discounts are accreted and premiums are amortized daily. To the extent debt obligations are placed on non-accrual status, any related interest income may be reduced by writing off interest receivables when the collection of all or a portion of interest has been determined to be doubtful based on consistently applied procedures and the fair value has decreased. If the issuer subsequently resumes interest payments or when the collectability of interest is reasonably assured, the debt obligation is removed from non-accrual status. Paydown gains and losses are included in interest income.
Income is recorded net of foreign taxes withheld where recovery of such taxes is not assured.
Dividend income is recognized on the ex-dividend date.
Interest earned on cash balances held at the custodian is recorded as interest income.
Income dividends and capital gain distributions from investment companies are recorded on the ex-dividend date. Capital gain distributions from investment companies are treated as realized gains.
Distributions to shareholders
Distributions to shareholders are recorded on the ex-dividend date and paid from net investment income monthly and any net realized gains are paid at least annually. Such distributions are determined in accordance with income tax regulations and may differ from U.S. GAAP. Dividend sources are estimated at the time of declaration. The tax character of distributions is determined as of the Fund’s fiscal year end. Therefore, a portion of the Fund’s distributions made prior to the Fund’s fiscal year end may be categorized as a tax return of capital at year end.
Federal and other taxes
The Fund intends to continue to qualify as a regulated investment company by distributing substantially all of its investment company taxable and tax-exempt income and any net realized capital gains (after reduction for capital loss carryforwards) sufficient to relieve it from all, or substantially all, federal income taxes. Accordingly, no provision for federal income taxes was required.
The Fund’s income and federal excise tax returns and all financial records supporting those returns for the fiscal years since commencement of operations are subject to examination by the federal and Delaware revenue authorities. Management has analyzed the Fund’s tax positions taken on federal, state, and foreign tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability. 
Allspring Core Plus ETF | 29

Notes to financial statements
For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Fund. Because such gains or losses are not taxable to the Fund and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Fund’s tax year. These reclassifications have no effect on net assets or NAV per share.
As of August 31, 2026, the aggregate cost of all investments for federal income tax purposes was $440,995,635 and the unrealized gains (losses) consisted of: 
Gross unrealized gains
$1,534,185
Gross unrealized losses
(8,398,799
)
Net unrealized losses
$(6,864,614
)
Reclassifications are made to the Fund’s capital accounts for permanent tax differences to reflect income and gains available for distribution (or available capital loss carryforwards) under federal income tax regulations. U.S. GAAP require that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or net asset values per share. The primary difference causing such reclassification is due to redemptions in-kind. At August 31, 2026, as a result of permanent book-to-tax differences, the following reclassification adjustments were made on the Statement of assets and liabilities: 
Paid-in
capital
Total distributable
loss
$1,051,404
$(1,051,404
)
As of August 31, 2026, the Fund had current year deferred post-October capital losses consisting of $3,636,369 in short-term losses and $1,464,776 in long-term losses which will be recognized on the first day of the following fiscal year.
Capital share transactions
The Fund issues and redeems its shares, at NAV, only in aggregations of a specified number of shares or multiples thereof (“Creation Units”). Except when aggregated in Creation Units, shares of the Fund are not redeemable. Transactions in capital shares for the Fund are disclosed in detail in the Statement of changes in net assets. The consideration for the purchase of Creation Units of a Fund may be for cash or consist of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Authorized participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to the Trust and/or custodian, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. An additional variable fee may be charged for certain transactions. Such variable charges, if any, are included in “Proceeds from shares sold” and “Payments for shares redeemed” in the Statement of changes in net assets.
When an authorized participant fails to deliver one or more of the securities within a designated basket (in the case of a subscription), fails to deliver the Fund shares (in the case of a redemption), or is required by the Fund, prior to settlement, to accommodate the trading of foreign securities in local markets, the Fund may require the authorized participant to deliver and maintain cash collateral in accordance with the authorized participant agreement. In the event that the authorized participant fails to deliver all or a portion of the applicable deposit securities or Fund securities, the Fund may exercise control over such collateral pursuant to the agreement with the authorized participant in order to purchase the applicable securities.
3.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.
30 | Allspring Core Plus ETF

Notes to financial statements
The following is a summary of the inputs used in valuing the Fund’s assets and liabilities as of August 31, 2026: 
 
Quoted prices
(Level 1)
Other significant
observable inputs
(Level 2)
Significant
unobservable inputs
(Level 3)
Total
Assets
Investments in:
Agency securities
$0
$126,672,344
$0
$126,672,344
Asset-backed securities
0
35,297,797
0
35,297,797
Corporate bonds and notes
0
94,078,901
0
94,078,901
Foreign corporate bonds and notes
0
8,026,686
0
8,026,686
Foreign government bonds
0
22,540,416
0
22,540,416
Investment companies
12,919,460
0
0
12,919,460
Loans
0
14,755
0
14,755
Non-agency mortgage-backed securities
0
24,743,884
0
24,743,884
U.S. Treasury securities
46,904,063
0
0
46,904,063
Yankee corporate bonds and notes
0
35,230,387
0
35,230,387
Yankee government bonds
0
6,663,061
0
6,663,061
Short-term investments
Investment companies
12,714,893
0
0
12,714,893
U.S. Treasury securities
8,961,184
0
0
8,961,184
 
81,499,600
353,268,231
0
434,767,831
Forward foreign currency contracts
0
169,811
0
169,811
Futures contracts
175,782
0
0
175,782
Total assets
$81,675,382
$353,438,042
$0
$435,113,424
Liabilities
Forward foreign currency contracts
$0
$553,541
$0
$553,541
Futures contracts
428,862
0
0
428,862
Total liabilities
$428,862
$553,541
$0
$982,403
Futures contracts and forward foreign currency contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the table following the Portfolio of investments. For futures contracts, the current day’s variation margin is reported on the Statement of assets and liabilities. All other assets and liabilities are reported at their fair value at measurement date.
Additional sector, industry or geographic detail, if any, is included in the Portfolio of investments.
At August 31, 2026, the Fund did not have any transfers into/out of Level 3.
4.TRANSACTIONS WITH AFFILIATES
Management fee
Allspring Funds Management, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P., is the manager of the Fund and provides advisory and fund-level administrative services under an investment management agreement. Allspring Funds Management is entitled to receive an annual unitary management fee, generally payable monthly, in an amount equal to 0.30% of the average daily net assets of the Fund. Pursuant to the unitary management fee arrangement, Allspring Funds Management has agreed to pay all expenses incurred by, and appropriately allocated to, the Fund, excluding only:  the management fee payable to Allspring Funds Management, brokerage expenses and other expenses incurred in connection with the execution of portfolio transactions; interest charges on any borrowings, dividends and other expenses on securities sold short; taxes; payments under the Fund’s Rule 12b-1 plan; proxy and shareholder meeting expenses; litigation expenses; extraordinary expenses; and acquired fund fees and expenses.
Allspring Funds Management has retained the services of certain subadvisers to provide daily portfolio management to the Fund. The fee for subadvisory services is borne by Allspring Funds Management. Allspring Global Investments, LLC and Allspring Global Investments (UK) Limited, each an affiliate of Allspring Funds Management and a wholly owned subsidiary of Allspring Global Investments Holdings, LLC, serve as subadvisers to the Fund.
For the year ended August 31, 2026, the management fee was equivalent to an annual rate of 0.30% of the Fund’s average daily net assets.
Distribution fee
Allspring Funds Distributor, LLC (the “Distributor”), the principal underwriter, an affiliate of Allspring Funds Management,  serves as the exclusive distributor of the Fund’s shares. The Distributor does not maintain a secondary market in the Fund’s shares. The Fund has adopted a distribution plan pursuant to Rule 12b-1 under the 1940 Act pursuant to which the Fund is authorized to pay fees at an annual rate of up to 0.25% of the Fund’s average daily
Allspring Core Plus ETF | 31

Notes to financial statements
net assets for the sale and distribution of the Fund’s shares. The Fund’s Board of Trustees has determined not to implement a distribution fee pursuant to the distribution plan at this time. The distribution fee may only be imposed after approval by the Fund’s Board of Trustees.
Interfund transactions
The Fund may purchase or sell portfolio investment securities to certain affiliates pursuant to Rule 17a-7 under the 1940 Act and under procedures adopted by the Board of Trustees. The procedures have been designed to ensure that these interfund transactions, which do not incur broker commissions, are effected at current market prices. Pursuant to these procedures, the Fund did not have any interfund transactions during the year ended August 31, 2026.
5.INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments, excluding short-term securities, for the year ended August 31, 2026 were as follows: 
Purchases at cost
Sales Proceeds
U.S.
government
Non-U.S.
government
IN-KIND
U.S.
government
Non-U.S.
government
IN-KIND
$582,333,416
$229,269,879
$121,595,495
$559,349,110
$156,810,132
$39,066,609
6.DERIVATIVE TRANSACTIONS
During the year ended August 31, 2026, the Fund entered into futures contracts to speculate on interest rates and to help manage the duration of the portfolio and forward foreign currency contracts for economic hedging purposes and entered into swap contracts as a substitute for taking a position in the underlying security or basket of securities or to potentially enhance the Fund’s total return.
The volume of the Fund’s derivative activity during the year ended August 31, 2026 was as follows: 
Forward foreign currency contracts
Average contract amounts to buy
$3,340,960
Average contract amounts to sell
29,825,527
Futures contracts
Average notional balance on long futures
$88,957,467
Average notional balance on short futures
9,958,934
Swap contracts
Average notional balance
$1,310,954
The credit default swap transactions may contain provisions for early termination in the event the net assets of the Fund declines below specific levels identified by the counterparty. If these levels are triggered, the counterparty may terminate the transaction and seek payment or request full collateralization of the derivative transactions in net liability positions.
A summary of the location of derivative instruments on the financial statements by primary risk exposure is outlined in the following tables.
The fair value of derivative instruments as of August 31, 2026 by primary risk type on the Statement of assets and liabilities was as follows for the Fund:  
 
Interest rate
risk
Foreign Currency
risk
Total
Asset derivatives
Forward foreign currency contracts
$0
$169,811
$169,811
Futures contracts
175,782
*
0
175,782
 
$175,782
$169,811
$345,593
Liability derivatives
Forward foreign currency contracts
$0
$553,541
$553,541
Futures contracts
428,862
*
0
428,862
 
$428,862
$553,541
$982,403
 
*
Amount represents the cumulative unrealized gains (losses) as reported in the table following the Portfolio of investments. For futures contracts and centrally cleared
swap contracts, only the current day’s variation margin as of August 31, 2026 is reported separately on the Statement of assets and liabilities.
The effect of derivative instruments on the Statement of operations for the year ended August 31, 2026 was as follows:  
32 | Allspring Core Plus ETF

Notes to financial statements
 
Interest rate
risk
Credit
risk
Foreign currency
risk
TOTAL
Net realized gains (losses) on derivatives
Forward foreign currency contracts
$0
$0
$(607,143
)
$(607,143
)
Futures contracts
(1,323,583
)
0
0
(1,323,583
)
Swap contracts
0
59,931
0
59,931
 
$(1,323,583
)
$59,931
$(607,143
)
$(1,870,795
)
Net change in unrealized gains (losses) on derivatives
Forward foreign currency contracts
$0
$0
$(165,118
)
$(165,118
)
Futures contracts
(317,593
)
0
0
(317,593
)
Swap contracts
0
(14,111
)
0
(14,111
)
 
$(317,593
)
$(14,111
)
$(165,118
)
$(496,822
)
For certain types of derivative transactions, the Fund has entered into International Swaps and Derivatives Association, Inc. master agreements (“ISDA Master Agreements”) or similar agreements with approved counterparties. The ISDA Master Agreements or similar agreements may have requirements to deliver/deposit securities or cash to/with an exchange or broker-dealer as collateral and allows the Fund to offset, with each counterparty, certain derivative financial instrument’s assets and/or liabilities with collateral held or pledged. Collateral requirements differ by type of derivative. Collateral or margin requirements are set by the broker or exchange clearinghouse for exchange traded derivatives while collateral terms are contract specific for over-the-counter traded derivatives. Cash collateral that has been pledged to cover obligations of the Fund under ISDA Master Agreements or similar agreements, if any, are reported separately in the Statement of assets and liabilities. Securities pledged as collateral, if any, are noted in the Portfolio of investments. With respect to balance sheet offsetting, absent an event of default by the counterparty or a termination of the agreement, the reported amounts of financial assets and financial liabilities in the Statement of assets and liabilities are not offset across transactions between the Fund and the applicable counterparty. A reconciliation of the gross amounts on the Statement of assets and liabilities to the net amounts by counterparty, including any collateral exposure, for OTC derivatives is as follows: 
Counterparty
Gross amounts
of assets in the
Statement of
Assets and
Liabilities
Amounts
subject to
netting
agreements
Collateral
received
Net amount
of assets
Bank of New York Mellon Corp.
$6,847
$(6,847
)
$0
$0
Morgan Stanley, Inc.
114,055
(114,055
)
0
0
State Street Bank & Trust Co.
48,909
(18,500
)
0
30,409
 
Counterparty
Gross amounts
of liabilities in the
Statement of
Assets and
Liabilities
Amounts
subject to
netting
agreements
Collateral
pledged1
Net amount
of liabilities
Bank of New York Mellon Corp.
$213,398
$(6,847
)
$(206,551
)
$0
Morgan Stanley, Inc.
321,643
(114,055
)
(207,588
)
0
State Street Bank & Trust Co.
18,500
(18,500
)
0
0
 
1
Collateral pledged within this table is limited to the collateral for the net transaction with the counterparty.
7.BANK BORROWINGS
The Fund, together with certain other registered Allspring Funds, is a party to a $275,000,000 revolving credit agreement whereby the Fund is permitted to use bank borrowings for temporary or emergency purposes, such as to fund shareholder redemption requests. Interest under the credit agreement is charged to the Fund based on a borrowing rate equal to the higher of the Federal Funds rate or the overnight bank funding rate in effect on that day plus a spread. In addition, an annual commitment fee based on the unused balance is allocated to each participating fund.
For the year ended August 31, 2026, there were no borrowings by the Fund under the agreement.
Allspring Core Plus ETF | 33

Notes to financial statements
8.DISTRIBUTIONS TO SHAREHOLDERS
The tax character of distributions paid were as follows: 
 
Year ended August 31
 
2026
2025
Ordinary income
$19,348,594
$6,458,212
Long-term capital gain
217,545
0
Total
$19,566,139
$6,458,212
As of August 31, 2026, the components of distributable loss on a tax basis were as follows: 
 
 
Post-October
capital
losses
deferred
Undistributed
ordinary
income
Unrealized
losses
Short-term
Long-term
Total
$705,656
$(6,852,228
)
$(3,636,369
)
$(1,464,776
)
$(11,247,717
)
9.INDEMNIFICATION
Under the Fund’s organizational documents, the officers and Trustees have been granted certain indemnification rights against certain liabilities that may arise out of performance of their duties to the Fund. The Fund has entered into a separate agreement with each Trustee that converts indemnification rights currently existing under the Fund’s organizational documents into contractual rights that cannot be changed in the future without the consent of the Trustee. Additionally, in the normal course of business, the Fund may enter into contracts with service providers that contain a variety of indemnification clauses. The Fund’s maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated. 
10.OPERATING SEGMENTS
The Fund operates as a single operating segment. An operating segment is defined as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The President of the Fund acts as the Fund’s CODM. The CODM monitors the operating results of the Fund as a whole and the Fund’s long-term strategic asset allocation from which it derives its revenues is determined as outlined in the Fund’s prospectus which is executed by the Fund’s portfolio management team. The portfolio composition, total return and expense ratios, and the components of total increase/decrease in net assets are used by the CODM to assess the segment’s performance and to make resource allocation decisions for the Fund’s single segment. This information is consistent with that presented within the Fund’s financial statements. Segment assets are reflected on the accompanying Statement of assets and liabilities as “total assets” and significant segment revenue and expenses are listed on the accompanying Statement of operations.
34 | Allspring Core Plus ETF

Report of independent registered public accounting firm
To the Shareholders of the Fund and Board of Trustees
Allspring Exchange-Traded Funds Trust:
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities of Allspring Core Plus ETF (the Fund), a series of Allspring Exchange-Traded Funds Trust, including the portfolio of investments, as of August 31, 2026, the related statement of operations for the year then ended, the statements of changes in net assets for the year then ended and the period from December 4, 2024 (commencement of operations) to August 31, 2025, and the related notes (collectively, the financial statements) and the financial highlights for the year then ended and the period from December 4, 2024 to August 31, 2025. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of August 31, 2026, the results of its operations for the year then ended, the changes in its net assets for the year then ended and the period from December 4, 2024 to August 31, 2025, and the financial highlights for the year then ended and the period from December 4, 2024 to August 31, 2025, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of August 31, 2026, by correspondence with the custodian, transfer agent, agent banks and brokers, or by other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.
  
We have not been able to determine the specific year that we began serving as the auditor of one or more Allspring Funds investment companies; however, we are aware that we have served as the auditor of one or more Allspring Funds investment companies since at least 1955.
Boston, Massachusetts
October 23, 2026
Allspring Core Plus ETF | 35

Other information (unaudited)
Other information
Tax information
Pursuant to Section 852 of the Internal Revenue Code, $217,545 was designated as a 20% rate gain distribution for the fiscal year ended
August 31, 2026.
For the fiscal year ended August 31, 2026, $13,698,409 has been designated as interest-related dividends for nonresident alien shareholders pursuant to Section 871 of the Internal Revenue Code.
For the fiscal year ended August 31, 2026, $1,817,884 has been designated as short-term capital gain dividends for nonresident alien shareholders pursuant to Section 871 of the Internal Revenue Code.
For the fiscal year ended August 31, 2026, 13% of the ordinary income distributed was derived from interest on U.S. government securities.
Proxy voting information
A description of the policies and procedures used to determine how to vote proxies relating to portfolio securities is available, upon request, by calling 1-866-259-3305, visiting our website at allspringglobal.com, or visiting the SEC website at sec.gov. Information regarding how the proxies related to portfolio securities were voted during the most recent 12-month period ended June 30 is available on the website at allspringglobal.com or by visiting the SEC website at sec.gov.
Quarterly portfolio holdings information
The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Shareholders may view the filed Form N-PORT by visiting the SEC website at sec.gov. The Fund’s portfolio holdings information is also available on our website at allspringglobal.com.
 
36 | Allspring Core Plus ETF

Other information (unaudited)
Item 8. Changes in and disagreements with accountants
Not applicable
Item 9. Matters submitted to fund shareholders for a vote
Not applicable
Item 10. Remuneration paid to directors, officers and others
Refer to information in the Statement of operations.
 
Allspring Core Plus ETF | 37

Other information (unaudited)
Item 11. Statement regarding basis for the board’s approval of investment advisory contract
Board consideration of investment management and sub-advisory agreements:
Under the Investment Company Act of 1940 (the “1940 Act”), the Board of Trustees (the “Board”) of Allspring Exchange-Traded Funds Trust (the “Trust”) must determine annually whether to approve the continuation of the Trust’s investment management and sub-advisory agreements. In this regard, at a Board meeting held on May 18-20, 2026 (the “Meeting”), the Board, all the members of which have no direct or indirect interest in the investment management and sub-advisory agreements and are not “interested persons” of the Trust, as defined in the 1940 Act (the “Independent Trustees”), reviewed and approved for the Allspring Core Plus ETF (the “ETF”):  (i) an investment management agreement (the “Management Agreement”) with Allspring Funds Management, LLC (“Allspring Funds Management”); (ii) an investment sub-advisory agreement with Allspring Global Investments, LLC (“AGI”), an affiliate of Allspring Funds Management; and (iii) an investment sub-advisory agreement with Allspring Global Investments (UK) Limited (“AGI UK,” and together with AGI, the “Sub-Advisers,” and the sub-advisory agreements with each of the Sub-Advisers, the “Sub-Advisory Agreements”), an affiliate of Allspring Funds Management. The Management Agreement and the Sub-Advisory Agreements are collectively referred to as the “Advisory Agreements.”
At the Meeting, the Board considered the factors and reached the conclusions described below relating to the selection of Allspring Funds Management and the Sub-Advisers and the approval of the Advisory Agreements. Prior to the Meeting, including at a meeting of the Board held in April 2026, and at the Meeting, the Trustees conferred extensively among themselves and with representatives of Allspring Funds Management about these matters. The Board has adopted a team-based approach, with each team consisting of a sub-set of Trustees, to assist the full Board in the discharge of its duties in reviewing investment performance and other matters throughout the year. The Independent Trustees were assisted in their evaluation of the Advisory Agreements by independent legal counsel, from whom they received separate legal advice and with whom they met separately. The Board noted that the ETF commenced operations in December 2024 and has a limited operating history.
In providing information to the Board, Allspring Funds Management and the Sub-Advisers were guided by a detailed set of requests for information submitted to them by independent legal counsel on behalf of the Independent Trustees at the start of the Board’s annual contract renewal process earlier in 2026. In considering and approving the Advisory Agreements, the Trustees considered the information they believed relevant, including but not limited to the information discussed below. The Board considered not only the specific information presented in connection with the Meeting, but also the knowledge gained over time through interactions with Allspring Funds Management and the Sub-Advisers about various topics. In this regard, the Board reviewed reports of Allspring Funds Management at each of its quarterly meetings, which included, among other things, portfolio reviews and investment performance reports. In addition, the Board and the teams mentioned above conferred with portfolio managers at various times throughout the year. The Board did not identify any particular information or consideration that was all-important or controlling, and each individual Trustee may have attributed different weights to various factors.
After its deliberations, the Board unanimously determined that the compensation payable to Allspring Funds Management and the Sub-Advisers under each of the Advisory Agreements was reasonable, and approved the continuation of the Advisory Agreements for a one-year term. The Board considered the approval of the Advisory Agreements for the ETF as part of its consideration of agreements for funds across the complex, but its approvals were made on a fund-by-fund basis. The following summarizes a number of important, but not necessarily all, factors considered by the Board in support of its approvals.
Nature, extent, and quality of services
The Board received and considered various information regarding the nature, extent, and quality of services provided to the ETF by Allspring Funds Management and the Sub-Advisers under the Advisory Agreements. This information included a description of the investment advisory services covered by the Management Agreement, as well as, among other things, a summary of the background and experience of senior management of Allspring Global Investments, of which Allspring Funds Management and the Sub-Advisers are a part, recent changes in such senior management, and a summary of investments made in the Allspring Global Investments business.* The Board considered the resources devoted by Allspring Funds Management in developing and maintaining the infrastructure necessary to support the ongoing operations of the ETF. In addition, the Board received and considered information about the full range of services provided to the ETF by Allspring Funds Management and its affiliates, including the Sub-Advisers. The Board noted that AGI UK was added as a sub-adviser to the Fund in 2025.
The Board considered the qualifications, background, tenure, and responsibilities of each of the portfolio managers primarily responsible for the day-to-day portfolio management of the ETF. The Board evaluated the ability of Allspring Funds Management and the Sub-Advisers to attract and retain qualified investment professionals, including research, advisory, and supervisory personnel.
*
The trade name for the asset management firm that includes Allspring Funds Management and the Sub-Advisers is “Allspring Global Investments.”
 
38 | Allspring Core Plus ETF

Other information (unaudited)
The Board further considered the compliance programs and compliance records of Allspring Funds Management and the Sub-Advisers. The Board received and considered information about Allspring Global Investments’ risk management functions, which included information about Allspring Funds Management’s and the Sub-Advisers’ business continuity plan and Allspring Global Investments’ business resiliency and disaster recovery plans, their approaches to data privacy and cybersecurity, and Allspring Funds Management’s role as administrator of the ETF’s liquidity risk management program and as the ETF’s valuation designee. The Board also received and considered information about Allspring Funds Management’s derivatives and investment risk management oversight services, and its intermediary and vendor oversight program.
ETF investment performance and expenses
The Board noted that the ETF had only one year of performance history to review. The Board considered the investment performance results for the ETF over the one-year period ended December 31, 2025. The Board considered these results in comparison to the investment performance of funds in a universe that was determined by Broadridge Inc. (“Broadridge”) to be similar to the ETF (the “Universe”), and in comparison to the ETF’s benchmark index and to other comparative data. Broadridge is an independent provider of investment company data. The Board received a description of the methodology used by Broadridge to select the funds in the performance Universe. The Board noted that the investment performance of the ETF was in range of the average investment performance of the Universe for the one-year period under review. The Board also noted that the investment performance of the ETF was higher than the investment performance of its benchmark index, the Bloomberg U.S. Aggregate Bond Index, for the one-year period under review. The Board further noted that it would have the opportunity to review the ETF’s performance over longer periods in connection with future reviews and approvals of the ETF’s Advisory Agreements.
The Board also received and considered information regarding the ETF’s net operating expense ratio. The Board noted that, due to the ETF’s unitary management fee structure, the ETF’s net operating expense ratio was equal to the ETF’s unitary management fee. The Board considered the ETF’s net operating expense ratio in comparison to the median ratio of funds in an expense group that was determined by Broadridge to be similar to the ETF (the “Group”). The Board received a description of the methodology used by Broadridge to select the funds in the expense Group and an explanation of how funds comprising the expense Group and their expense ratios may vary from year-to-year. Based on the Broadridge reports, the Board noted that the net operating expense ratio of the ETF was lower than the median net operating expense ratio of the expense Group.
The Board took into account the ETF’s expense information provided to it among the factors considered in deciding to re-approve the Advisory Agreements.
Investment management and sub-advisory fee rates
The Board reviewed and considered the unitary management fee rate payable by the ETF to Allspring Funds Management under the Management Agreement, under which Allspring Funds Management pays all ETF expenses, other than the contractual management fee and certain other expenses. Because of the ETF’s “unitary fee” structure, the Board recognized that while Allspring Funds Management bears the risk that ETF expenses may increase over time, it is possible that Allspring Funds Management may benefit from any price decreases in third-party services paid under the Management Agreement.
Among other information reviewed by the Board was a comparison of the ETF’s unitary management fee with the median management fee paid by funds in the expense Group. The Board noted that the ETF’s unitary management fee was lower than the average management fee for the expense Group.
The Board also received and considered information about the portion of the unitary management fee that was retained by Allspring Funds Management after payment of the fee to the Sub-Advisers for sub-advisory services. In assessing the reasonableness of this amount, the Board received and evaluated information about the nature and extent of responsibilities retained and risks assumed by Allspring Funds Management and not delegated to or assumed by the Sub-Advisers, and about Allspring Funds Management’s on-going oversight services. Given the affiliation between Allspring Funds Management and the Sub-Advisers, the Board ascribed limited relevance to the allocation of fees between them.
The Board also received and considered information about the nature and extent of services offered and fee rates charged by Allspring Funds Management and the Sub-Advisers to other types of clients with investment strategies similar to those of the ETF. In this regard, the Board received information about the differences between an exchange-traded fund and other types of products, including mutual funds. The Board noted that the ETF has a substantially similar investment strategy to the Allspring Core Plus Bond Fund, a mutual fund offered by Allspring Global Investments (the “Mutual Fund”), and that the ETF’s unitary fee rate is lower than the Mutual Fund’s management fee rate. The Board considered the expense group prepared by Broadridge in assessing the unitary fee rate of the ETF relative to its peers, and assessed the management fee of the Mutual Fund relative to the Broadridge expense group for the Mutual Fund’s peers. The Board also considered that the unitary fee rate for the ETF reflects market dynamics for exchange-traded funds relative to mutual funds, including the competitive pricing necessary for an exchange-traded fund to attract investors, and that the management fee of the Mutual Fund and the unitary fee of the ETF should be considered in light of the differing market dynamics and competitive factors relevant to each of the Mutual Fund and the ETF, respectively. Additionally, the Board considered that exchange-traded funds and the ecosystem in which they operate have various fundamental structural, service, and market differences from mutual funds, including that exchange-traded funds operate in both a primary and secondary market.
 
Allspring Core Plus ETF | 39

Other information (unaudited)
Based on its consideration of the factors and information it deemed relevant, including those described here, the Board determined that the compensation payable to Allspring Funds Management under the Management Agreement and to the Sub-Advisers under each Sub-Advisory Agreement was reasonable.
Profitability
The Board received and considered information concerning the profitability of Allspring Funds Management, as well as the profitability of Allspring Global Investments, from providing services to the fund complex as a whole. The Board noted that the Sub-Advisers’ profitability information with respect to providing services to the ETF was subsumed in the Allspring Global Investments profitability analysis.
Allspring Funds Management reported on the methodologies and estimates used in calculating profitability, including a description of the methodology used to allocate certain expenses. Among other things, the Board noted that the levels of profitability reported on a fund-by-fund basis varied widely, depending on factors such as the size, type, asset class, and age of a fund.
Based on its review, the Board did not deem the profits reported by Allspring Funds Management or Allspring Global Investments to be at a level that would prevent it from approving the continuation of the Advisory Agreements.
Economies of scale
The Board received and considered information about the potential for Allspring Funds Management to experience economies of scale in the provision of management services to the ETF, the difficulties of isolating and quantifying economies of scale at an individual fund level, and the extent to which potential scale benefits are shared with ETF shareholders.
The Board noted that the ETF’s unitary management fee does not include breakpoints or expense caps because, like many other actively-managed exchange-traded funds, the unitary fee levels already share potential economies of scale, as the unitary management fee is fixed at a competitive level and will not increase in the future even if the ETF’s operating costs rise and the ETF does not reach scale.
The Board considered that, in addition to the unitary management fee, Allspring Funds Management shares potential economies of scale from its management business in a variety of ways, including through investments in the business intended to enhance services available to the ETF and shareholders.
The Board concluded that Allspring Funds Management’s arrangements with respect to the ETF constituted a reasonable approach to sharing potential economies of scale with the ETF and its shareholders.
Other benefits to Allspring Funds Management and the Sub-Advisers
The Board received and considered information regarding potential “fall-out” or ancillary benefits received by Allspring Funds Management and its affiliates, including the Sub-Advisers, as a result of their relationships with the ETF. Ancillary benefits could include, among others, benefits directly attributable to other relationships with the ETF and benefits potentially derived from an increase in Allspring Funds Management’s and the Sub-Advisers’ business as a result of their relationships with the ETF. The Board also considered the potential increase in the overall size of Allspring Funds Management’s relationships with the ETF’s authorized participants and lead market makers, which could potentially benefit Allspring Funds Management’s reputation with such firms.
Based on its consideration of the factors and information it deemed relevant, including those described here, the Board did not find that any ancillary benefits received by Allspring Funds Management and its affiliates, including the Sub-Advisers, were unreasonable.
Conclusion
At the Meeting, after considering the above-described factors and based on its deliberations and its evaluation of the information described above, the Board unanimously determined that the compensation payable to Allspring Funds Management and the Sub-Advisers under each of the Advisory Agreements was reasonable, and approved the continuation of the Advisory Agreements for a one-year term.
 
40 | Allspring Core Plus ETF


  
For more information
More information about Allspring Funds is available free upon request. To obtain literature, please write, visit the Fund’s website, or call:
Allspring Funds Distributor, LLC
1415 Vantage Park Drive, 3rd Floor
Charlotte, NC 28203
Website: allspringglobal.com
Telephone:1-866-701-2575
  
This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. If this report is used for promotional purposes, distribution of the report must be accompanied or preceded by a current prospectus. Before investing, please consider the investment objectives, risks, charges, and expenses of the investment. For a current prospectus and, if available, a summary prospectus, containing this information, call 1-866-701-2575 or visit the Fund’s website at allspringglobal.com. Read the prospectus carefully before you invest or send money.
Allspring Global InvestmentsTM is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC, and Allspring Funds Management, LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC).
This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind - including a recommendation for any specific investment, strategy, or plan.
© 2026 Allspring Global Investments Holdings, LLC. All rights reserved.
NCSRAPLU 08-26


ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES

Changes in and Disagreements with Accountants for Open-End Management Investment Companies are included as part of the Financial Statements filed under Item 7(a) of this Form.

ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES

Proxy Disclosures for Open-End Management Investment Companies are included as part of the Financial Statements filed under Item 7(a) of this Form.

ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES

Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies is included as part of the Financial Statements filed under Item 7(a) of this Form.


ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT

The registrant’s Statement Regarding Basis for Approval of Investment Advisory Contract is included as part of the Financial Statements filed under Item 7(a) of this Form.

ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not applicable.

ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not applicable.

ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS

Not applicable.

ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees that have been implemented since the registrant’s last provided disclosure in response to the requirements of this Item.

ITEM 16. CONTROLS AND PROCEDURES

(a) The President and Treasurer have concluded that the Allspring Exchange-Traded Funds Trust disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) provide reasonable assurances that material information relating to the registrant is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing of this report.

(b) There were no significant changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 17. DISCLOSURES OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not applicable.

ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION

Not applicable.


ITEM 19. EXHIBITS

(a)(1) Code of Ethics.

(a)(2) Not applicable.

(a)(3) Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

(a)(4) Not applicable.

(a)(5) Not applicable.

(b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

(101) Inline Interactive Data File - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the inline XBRL document.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Allspring Exchange-Traded Funds Trust
By:  

/s/ John Kenney

  John Kenney
  President (Principal Executive Officer)
Date: October 23, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.

 

Allspring Exchange-Traded Funds Trust
By:  

/s/ John Kenney

  John Kenney
  President (Principal Executive Officer)
Date: October 23, 2026
By:  

/s/ Jeremy DePalma

  Jeremy DePalma
  Treasurer (Principal Financial Officer)
Date: October 23, 2026

ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

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SECTION 302 CERTIFICATIONS

SECTION 906 CERTIFICATIONS

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