0001752724-23-015231.txt : 20230126 0001752724-23-015231.hdr.sgml : 20230126 20230126163644 ACCESSION NUMBER: 0001752724-23-015231 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20230126 DATE AS OF CHANGE: 20230126 PERIOD START: 20230228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLSPRING FUNDS TRUST CENTRAL INDEX KEY: 0001081400 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-09253 FILM NUMBER: 23558288 BUSINESS ADDRESS: STREET 1: 1415 VANTAGE PARK DRIVE STREET 2: 3RD FLOOR CITY: CHARLOTTE STATE: NC ZIP: 28203 BUSINESS PHONE: 833-568-4225 MAIL ADDRESS: STREET 1: 1415 VANTAGE PARK DRIVE STREET 2: 3RD FLOOR CITY: CHARLOTTE STATE: NC ZIP: 28203 FORMER COMPANY: FORMER CONFORMED NAME: WELLS FARGO FUNDS TRUST DATE OF NAME CHANGE: 19990308 0001081400 S000049605 Allspring Dynamic Target 2020 Fund C000156865 Class A WDTDX C000156866 Class C WDTEX C000156868 Class R4 WDTGX C000156869 Class R6 WDTHX C000230208 Administrator Class WDDTX NPORT-P 1 primary_doc.xml NPORT-P false 0001081400 XXXXXXXX S000049605 C000156865 C000230208 C000156868 C000156869 C000156866 ALLSPRING FUNDS TRUST 811-09253 0001081400 549300XROIY0CTN7RZ24 525 MARKET STREET SAN FRANCISCO 94105 800-222-8222 Allspring Dynamic Target 2020 Fund S000049605 5493004YP00ERJTGRM76 2023-02-28 2022-11-30 N 145865516.44 99062.21 145766454.23 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1910567.46000000 N S&P Target Date 2020 SP_TGT_20_BMK Euronext N.V. 724500QJ4QSZ3H9QU415 CAC40 10 EURO FUT DEC22 000000000 46.00000000 NC 64292.41000000 0.044106451199 N/A DE FR N 1 Euronext N.V. 724500QJ4QSZ3H9QU415 Long Euronext CAC 40 Index Futures CFZ2 Index 2022-12-16 3037006.02000000 EUR 64292.41000000 N N N Allspring Factor Enhanced U.S. Large Cap Equity Portfolio 549300RQO6CG3C8MZO40 Allspring Factor Enhanced U.S. Large Cap Equity Portfolio 000000000 2183141.20000000 NS USD 37258795.38000000 25.56061034537 Long EC RF US N N/A N N N Allspring Emerging Markets Bond Portfolio 549300MZYH5H4KTRRR25 Allspring Emerging Markets Bond Portfolio 000000000 297619.02950000 NS USD 2789761.14000000 1.913856761308 Long EC RF US N N/A N N N Allspring High Yield Corporate Bond Portfolio 549300PINZDPHVMK2484 Allspring High Yield Corporate Bond Portfolio 000000000 258529.78000000 NS USD 2787171.02000000 1.912079864138 Long EC RF US N N/A N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 S+P500 EMINI FUT DEC22 000000000 -1.00000000 NC USD -8003.32000000 -0.00549050880 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short CME E-Mini Standard & Poor's 500 Index Futures ESZ2 Index 2022-12-16 -196059.18000000 USD -8003.32000000 N N N Allspring Factor Enhanced International Equity Portfolio 549300BD8ALDMNQFRB45 Allspring Factor Enhanced International Equity Portfolio 000000000 1472702.83000000 NS USD 19106460.63000000 13.10758413582 Long EC RF US N N/A N N N Allspring Strategic Retirement Bond Portfolio 549300ORTK7ZQ24VTR17 Allspring Strategic Retirement Bond Portfolio 000000000 1027898.17000000 NS USD 11085842.69000000 7.605208447005 Long EC RF US N N/A N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US 10YR NOTE (CBT)MAR23 000000000 126.00000000 NC USD 112884.16000000 0.077441795916 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 10 Year US Treasury Note Future TYH3 Comdty 2023-03-22 14188115.84000000 USD 112884.16000000 N N N Allspring Investment Grade Corporate Bond Portfolio 5493001BFBPLXGF0T424 Allspring Investment Grade Corporate Bond Portfolio 000000000 1621730.41000000 NS USD 16952484.77000000 11.62989444968 Long EC RF US N N/A N N N Eurex Deutschland 529900LN3S50JPU47S06 DAX INDEX FUTURE DEC22 000000000 -9.00000000 NC -386278.31000000 -0.26499808343 N/A DE DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short Eurex DAX Index Futures GXZ2 Index 2022-12-16 -2872842.72000000 EUR -386278.31000000 N N N Eurex Deutschland 529900LN3S50JPU47S06 EURO STOXX 50 DEC22 000000000 -116.00000000 NC -453695.41000000 -0.31124816227 N/A DE DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short Eurex EURO STOXX 50 Futures VGZ2 Index 2022-12-16 -4163405.97000000 EUR -453695.41000000 N N N Allspring Bloomberg US Aggregate ex-Corporate Portfolio 5493005A0U8JNL00Z344 Allspring Bloomberg US Aggregate ex-Corporate Portfolio 000000000 3267687.77000000 NS USD 32670329.23000000 22.41278996774 Long EC RF US N N/A N N N Allspring Factor Enhanced U.S. Small Cap Equity Portfolio 549300JFCRSOQ3EX1006 Allspring Factor Enhanced U.S. Small Cap Equity Portfolio 000000000 654483.15000000 NS USD 9295007.03000000 6.376643432194 Long EC RF US N N/A N N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 MSCI EAFE DEC22 000000000 -1.00000000 NC USD -3752.66000000 -0.00257443320 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Short ICE U.S. mini MSCI EAFE Index Futures MFSZ2 Index 2022-12-16 -95237.34000000 USD -3752.66000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 XAP CONS STAPLES DEC22 000000000 60.00000000 NC USD 253635.00000000 0.174000939612 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E Mini Consumer Staples Select Sector Futures IXRZ2 Index 2022-12-16 4408965.00000000 USD 253635.00000000 N N N Allspring Factor Enhanced Emerging Markets Equity Portfolio 549300GNL2STC8VRF419 Allspring Factor Enhanced Emerging Markets Equity Portfolio 000000000 623721.35000000 NS USD 5759227.79000000 3.950996695654 Long EC RF US N N/A N N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 MSCI EMGMKT DEC22 000000000 -1.00000000 NC USD -2271.75000000 -0.00155848614 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Short ICE U.S. MSCI Emerging Markets EM Index Futures MESZ2 Index 2022-12-16 -46853.25000000 USD -2271.75000000 N N N Allspring U.S. REIT Portfolio 549300NVPFQGH5DNJ440 Allspring U.S. REIT Portfolio 000000000 520954.92000000 NS USD 6562537.91000000 4.502090652246 Long EC RF US N N/A N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 E-MINI RUSS 2000 DEC22 000000000 -1.00000000 NC USD -3121.36000000 -0.00214134316 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short CME E-mini Russell 2000 Index Futures RTYZ2 Index 2022-12-16 -91253.64000000 USD -3121.36000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US ULTRA BOND CBT MAR23 000000000 -34.00000000 NC USD -77302.57000000 -0.05303179693 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT Ultra Long Term U.S. Treasury Bond Futures WNH3 Comdty 2023-03-22 -4556259.93000000 USD -77302.57000000 N N N 2022-12-30 ALLSPRING FUNDS TRUST Jeremy DePalma Jeremy DePalma Treasurer XXXX NPORT-EX 2 NPORT_WBID_57425632_1122.htm
Portfolio of investments—November 30, 2022 (unaudited)
          Value
Investment companies: 99.04%          
Affiliated master portfolios: 99.04%          
Allspring Bloomberg US Aggregate ex-Corporate Portfolio          $ 32,671,537
Allspring Emerging Markets Bond Portfolio            2,790,506
Allspring Factor Enhanced Emerging Markets Equity Portfolio            5,759,240
Allspring Factor Enhanced International Equity Portfolio           19,106,060
Allspring Factor Enhanced U.S. Large Cap Equity Portfolio           37,260,244
Allspring Factor Enhanced U.S. Small Cap Equity Portfolio            9,296,731
Allspring High Yield Corporate Bond Portfolio            2,787,636
Allspring Investment Grade Corporate Bond Portfolio           16,951,873
Allspring Strategic Retirement Bond Portfolio           11,089,178
Allspring U.S. REIT Portfolio            6,562,538
Total Investment companies (Cost $142,816,908)         144,275,543
Total investments in securities (Cost $142,816,908) 99.04%       144,275,543
Other assets and liabilities, net 0.96         1,404,620
Total net assets 100.00%       $145,680,163
Transactions with the affiliated Master Portfolios were as follows:
  % of
ownership,
beginning
of period 		% of
ownership,
end of
period 		Net realized
gains
(losses) on
securities
transactions
allocated
from
affiliated
Master
Portfolios 		  Net
change in
unrealized
gains
(losses) on
securities
transactions
allocated
from
affiliated
Master
Portfolios 		  Interest
allocated
from
affiliated
Master
Portfolios 		  Dividends
allocated
from
affiliated
Master
Portfolios 		  Affiliated
income
allocated
from
affiliated
Master
Portfolios 		  Value,
end of
period 		 
Allspring Bloomberg US Aggregate ex-Corporate Portfolio 0.35% 12.48% $(961,066)   $(339,871)   $213,887   $0   $10,902   $32,671,537  
Allspring Emerging Markets Bond Portfolio 0.45 20.86 (56,901)   (37,562)   49,784   0   339   2,790,506  
Allspring Factor Enhanced Emerging Markets Equity Portfolio 0.20 4.92 (255,345)   239,372   0   39,562   1,904   5,759,240  
Allspring Factor Enhanced International Equity Portfolio 0.17 4.07 (511,933)   1,571,042   0   146,203   3,813   19,106,060  
Allspring Factor Enhanced U.S. Large Cap Equity Portfolio 0.28 7.40 89,023   182,625   0   178,826   13,267   37,260,244  
Allspring Factor Enhanced U.S. Small Cap Equity Portfolio 0.27 7.25 (30,179)   (19,406)   0   43,305   2,278   9,296,731  
Allspring High Yield Corporate Bond Portfolio 0.46 20.80 (70,198)   (5,569)   47,294   0   290   2,787,636  
Allspring Investment Grade Corporate Bond Portfolio 0.46 20.68 (674,341)   (38,201)   188,773   0   2,106   16,951,873  
Allspring Strategic Retirement Bond Portfolio 0.95 40.08 (242,934)   (185,444)   65,538   0   748   11,089,178  
Allspring U.S. REIT Portfolio 1.45 37.22 60,071   (463,036)   0   66,945   522   6,562,538  
      $(2,653,803)   $903,950   $565,276   $474,841   $36,169   $144,275,543  
See accompanying notes to portfolio of investments
Allspring Dynamic Target 2020 Fund  |  1
Portfolio of investments—November 30, 2022 (unaudited)
Futures contracts
Description Number of
contracts 		Expiration
date 		Notional
cost 		Notional
value 		Unrealized
gains 		  Unrealized
losses
Long              
CAC 40 Index 46 12-16-2022 $3,160,309 $3,224,601 $64,292   $0
E-Mini Consumer Staples Select Sector Index 60 12-16-2022 4,408,965 4,662,600 253,635   0
10-Year U.S. Treasury Notes 126 3-22-2023 14,188,116 14,301,000 112,884   0
Short              
DAX Index (9) 12-16-2022 (2,989,481) (3,375,759) 0   (386,278)
E-Mini Russell 2000 Index (1) 12-16-2022 (91,254) (94,375) 0   (3,121)
E-Mini S&P 500 Index (1) 12-16-2022 (196,059) (204,062) 0   (8,003)
Euro STOXX 50 Index (116) 12-16-2022 (4,332,441) (4,786,136) 0   (453,695)
MSCI EAFE Index (1) 12-16-2022 (95,237) (98,990) 0   (3,753)
MSCI Emerging Markets Index (1) 12-16-2022 (46,853) (49,125) 0   (2,272)
U.S. Ultra Treasury Bonds (34) 3-22-2023 (4,556,260) (4,633,563) 0   (77,303)
          $430,811   $(934,425)
See accompanying notes to portfolio of investments
2  |  Allspring Dynamic Target 2020 Fund
Notes to portfolio of investments—November 30, 2022 (unaudited)
The Fund is a fund-of-funds which seeks to achieve its investment objective by investing in multiple diversified portfolios (collectively, the “affiliated Master Portfolios”) of Allspring Master Trust, a registered open-end management investment company. Each affiliated Master Portfolio directly acquires portfolio securities and the Fund acquires an indirect interest in those securities.
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 Funds may deviate from this calculation time under unusual or unexpected circumstances.
Investments in the affiliated Master Portfolios are valued daily based on each Fund’s proportionate share of each affiliated Master Portfolio’s net assets, which are also valued daily.
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 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.
Futures contracts
Futures contracts are agreements between the Fund and a counterparty to buy or sell a specific amount of a commodity, financial instrument or currency at a specified price and on a specified date. The Fund may buy and sell futures contracts in order to gain exposure to, or protect against, changes in security values and foreign exchange rates and is subject to equity price risk and foreign currency 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 futures contracts, 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 from the broker each day equal to the daily changes in the contract value. Such payments are recorded as unrealized gains or losses and, if any, shown as variation margin receivable (payable). Should the Fund fail to make requested variation margin payments, the broker can gain access to the initial margin to satisfy the Fund’s payment obligations. When the contracts are closed, a realized gain or loss is recorded.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of each 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). Each 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 Dynamic Target 2020 Fund  |  3
Notes to portfolio of investments—November 30, 2022 (unaudited)
The following is a summary of the inputs used in valuing each Fund’s assets and liabilities as of November 30, 2022:
  Quoted prices
(Level 1) 		Other significant
observable inputs
(Level 2) 		Significant
unobservable inputs
(Level 3) 		Total
Assets        
Investments measured at net asset value*       $144,275,543
Futures contracts $430,811 $0 $0 430,811
Total assets $430,811 $0 $0 $144,706,354
Liabilities        
Futures contracts $934,425 $0 $0 $934,425
Total liabilities $934,425 $0 $0 $934,425
    
* Investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient have not been categorized in the fair value hierarchy. The aggregated affiliated Master Portfolios valued at $144,275,543 do not have a redemption period notice, can be redeemed daily and do not have any unfunded commitments.
Futures contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the table following the Portfolio of Investments. All other assets and liabilities are reported at their market value at measurement date.
As of November 30, 2022, $78,565 was segregated as cash collateral for open futures contracts.
For the nine months ended November 30, 2022, the Funds did not have any transfers into/out of Level 3.
The investment objective of each affiliated Master Portfolio is as follows:
Affiliated Master Portfolio Investment objective
Allspring Bloomberg US Aggregate ex-Corporate Portfolio Seeks to replicate the total return of the Bloomberg U.S. Aggregate ex-Corporate Index, before fees and expenses
Allspring Emerging Markets Bond Portfolio Seeks to replicate the total return of the JPMorgan EMBI Global Diversified Index, before fees and expenses
Allspring Factor Enhanced Emerging Markets Equity Portfolio Seeks long-term capital appreciation
Allspring Factor Enhanced International Equity Portfolio Seeks long-term capital appreciation
Allspring Factor Enhanced U.S. Large Cap Equity Portfolio Seeks long-term capital appreciation
Allspring Factor Enhanced U.S. Small Cap Equity Portfolio Seeks long-term capital appreciation
Allspring High Yield Corporate Bond Portfolio Seeks to replicate the total return of the Bloomberg U.S. High Yield 2% Issuer Capped Bond Index, before fees and expenses
Allspring Investment Grade Corporate Bond Portfolio Seeks to replicate the total return of the Bloomberg U.S. Corporate Bond Index, before fees and expenses
Allspring Strategic Retirement Bond Portfolio Seeks to replicate the total return of a blended index that is weighted 50% to the Bloomberg U.S. Treasury Inflation-Linked 1-10 Year Bond Index and 50% to the Bloomberg U.S. Government Intermediate Bond Index, before fees and expenses
Allspring U.S. REIT Portfolio Seeks to replicate the total return of the Dow Jones U.S. Select REIT Index, before fees and expenses
4  |  Allspring Dynamic Target 2020 Fund