NPORT-EX 2 NPORT_WBJ0_21352909_1122.htm
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
Agency securities: 39.86%            
FFCB    0.30% 3-28-2024 $    100,000 $     94,264
FFCB    0.48 9-3-2024       70,000      64,999
FFCB    0.57 7-2-2024       50,000      46,782
FFCB    1.55 7-26-2030      160,000     131,435
FFCB    1.57 4-5-2028      360,000     313,854
FFCB    1.79 6-22-2035      180,000     130,065
FFCB    4.25 9-30-2025       30,000      29,963
FHLB    0.38 3-15-2024      610,000     576,490
FHLB    0.96 3-5-2026       30,000      26,901
FHLB    1.50 8-15-2024       10,000       9,499
FHLB    2.50 12-8-2023      480,000     468,460
FHLB    2.75 12-13-2024       10,000       9,664
FHLB    2.88 9-13-2024       60,000      58,264
FHLB    3.00 3-10-2028       10,000       9,466
FHLB    5.50 7-15-2036       10,000      11,136
FHLB    5.63 3-14-2036       10,000      11,152
FHLMC    0.38 7-21-2025      270,000     244,443
FHLMC    0.62 12-1-2025      460,000     411,706
FHLMC    1.50 11-1-2035      804,996     706,194
FHLMC    1.50 3-1-2037    2,384,146   2,090,655
FHLMC    1.50 6-1-2051    3,042,286   2,375,710
FHLMC    2.50 3-1-2032    1,507,541   1,425,208
FHLMC    3.00 2-1-2047    2,768,511   2,499,252
FHLMC    3.00 3-1-2048   43,424 39,011
FHLMC    3.00 6-1-2050   784,485 705,898
FHLMC    3.00 7-1-2050   1,961,842 1,767,583
FHLMC    3.00 8-1-2050   973,617 876,074
FHLMC    3.50 2-1-2044   4,738,814 4,471,923
FHLMC    3.50 4-1-2045   207,692 195,004
FHLMC    4.00 11-25-2024   180,000 177,477
FHLMC    6.00 7-1-2040   1,172,584 1,229,283
FHLMC    6.75 3-15-2031   70,000 83,069
FHLMC Series K032 Class A2 ±±   3.31 5-25-2023   50,000 49,534
FHLMC Series K034 Class A2 ±±   3.53 7-25-2023   59,851 59,208
FHLMC Series K035 Class A2 ±±   3.46 8-25-2023   54,292 53,652
FHLMC Series K063 Class A2 ±±   3.43 1-25-2027   45,000 43,312
FHLMC Series K070 Class A2 ±±   3.30 11-25-2027   425,000 405,969
FHLMC Series K152 Class A1    2.83 5-25-2030   275,321 257,139
FHLMC Series K152 Class A2    3.08 1-25-2031   125,000 112,511
FHLMC Series K153 Class A3 ±±   3.12 10-25-2031   70,000 63,510
FHLMC Series K155 Class A3    3.75 4-25-2033   40,000 37,786
FNMA    0.50 11-7-2025   20,000 17,974
FNMA    0.63 4-22-2025   650,000 595,288
FNMA    1.50 2-1-2052   669,100 521,931
FNMA    2.00 6-1-2037   703,622 633,200
FNMA    2.00 6-1-2037   2,845,512 2,560,764
FNMA    2.00 1-1-2041   775,888 662,502
FNMA    2.00 2-1-2042   816,593 693,680
FNMA    2.00 2-1-2052   16,193,224 13,342,090
FNMA    2.00 2-1-2052   6,870,035 5,668,563
FNMA    2.50 2-1-2035   730,717 680,027
FNMA    2.50 11-1-2050   3,087,301 2,679,395
FNMA %%   2.50 12-13-2052   500,000 427,695
FNMA    3.00 12-1-2026   934,578 903,509
See accompanying notes to portfolio of investments
Allspring Bloomberg US Aggregate ex-Corporate Portfolio  |  1
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
Agency securities (continued)            
FNMA    3.00% 12-1-2030 $    227,913 $    219,117
FNMA    3.00 1-1-2034      135,059     127,495
FNMA    3.00 8-1-2036       99,061      94,012
FNMA    3.00 2-1-2037      548,789     520,816
FNMA    3.00 8-1-2043    1,114,016   1,022,244
FNMA    3.00 11-1-2046    1,253,905   1,150,730
FNMA    3.00 12-1-2047      618,579     555,613
FNMA %%   3.00 12-13-2052      500,000     442,475
FNMA    3.50 4-1-2034    1,217,840   1,183,277
FNMA    3.50 1-1-2035       80,991      78,209
FNMA    3.50 4-1-2037      375,054     361,520
FNMA    3.50 6-1-2042      231,908     218,677
FNMA    3.50 7-1-2042      352,572     332,571
FNMA    3.50 9-1-2043      774,168     729,434
FNMA    3.50 3-1-2048      228,713     213,489
FNMA %%   3.50 12-13-2052      500,000     457,656
FNMA    4.00 6-1-2042      294,558     287,725
FNMA    4.00 8-1-2043    1,529,818   1,494,324
FNMA    4.00 12-1-2047      905,466     877,260
FNMA    4.00 2-1-2048    1,365,861   1,342,530
FNMA    4.00 6-1-2048      241,552     232,768
FNMA    4.00 8-1-2048      164,038     157,573
FNMA    4.00 2-1-2050      393,484     375,621
FNMA %%   4.00 12-13-2052   500,000 472,793
FNMA    4.50 5-1-2040   166,647 167,069
FNMA    4.50 2-1-2047   1,124,734 1,117,845
FNMA    4.50 4-1-2048   311,581 309,512
FNMA    4.50 8-1-2048   17,599 17,381
FNMA    4.50 9-1-2052   1,498,860 1,460,379
FNMA    5.00 1-1-2042   137,257 140,947
FNMA    5.00 6-1-2045   614,623 629,466
FNMA    5.00 7-1-2045   833,691 852,549
FNMA    5.50 9-1-2040   1,173,768 1,232,378
FNMA    6.00 5-1-2041   69,696 72,927
FNMA    6.21 8-6-2038   60,000 70,076
FNMA    6.25 5-15-2029   100,000 112,699
FNMA    7.13 1-15-2030   20,000 23,802
FNMA    7.25 5-15-2030   130,000 156,701
FNMA    2.50 1-1-2052   13,791,470 11,823,614
FNMA Series 2016-M5 Class A2    2.47 4-25-2026   220,000 205,037
FNMA Series 2016-M7 Class A2    2.50 9-25-2026   102,252 95,713
FNMA Series 2017-M1 Class A2 ±±   2.50 10-25-2026   215,978 200,687
FNMA Series 2017-M11 Class A2    2.98 8-25-2029   865,000 795,584
FNMA Series 2017-M5 Class A2 ±±   3.20 4-25-2029   57,266 53,480
FNMA Series 2018-M1 Class A2 ±±   3.09 12-25-2027   14,552 13,686
FNMA Series 2018-M13 Class A2 ±±   3.87 9-25-2030   73,220 70,200
FNMA Series 2019-M4 Class A2    3.61 2-25-2031   1,770,000 1,663,412
FNMA Series 2019-M7 Class A2    3.14 4-25-2029   191,086 177,172
GNMA %%   2.00 12-20-2052   4,820,000 4,101,519
GNMA    2.50 3-20-2052   4,666,765 4,103,272
GNMA    2.50 4-20-2052   921,681 810,352
GNMA    3.00 4-20-2045   2,131,648 1,974,082
GNMA    3.00 11-20-2045   174,917 161,442
GNMA    3.00 3-20-2046   364,703 336,062
GNMA    3.00 12-20-2049   192,778 175,905
See accompanying notes to portfolio of investments
2  |  Allspring Bloomberg US Aggregate ex-Corporate Portfolio
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
Agency securities (continued)            
GNMA    3.00% 10-20-2050 $  1,352,223 $  1,233,449
GNMA    3.50 2-20-2045    1,062,017   1,004,078
GNMA    3.50 6-20-2045      703,321     664,970
GNMA    3.50 11-20-2045      812,499     766,563
GNMA    3.50 7-20-2047      176,486     165,719
GNMA    3.50 5-20-2048       49,634      46,731
GNMA    4.00 8-20-2044      464,099     450,463
GNMA    4.00 12-20-2047    1,064,829   1,031,662
GNMA    4.50 7-20-2052      974,656     955,179
TVA    2.88 2-1-2027       35,000      33,340
TVA    4.63 9-15-2060       55,000      52,212
TVA    4.65 6-15-2035        9,000       9,114
TVA    5.38 4-1-2056       50,000      54,588
TVA    5.50 6-15-2038       30,000      32,073
TVA    5.88 4-1-2036       10,000      11,159
Total Agency securities (Cost $112,024,984)           104,344,302
Asset-backed securities: 0.24%            
Citibank Credit Card Issuance Trust Series 2018-A3 Class A3    3.29 5-23-2025      180,000     178,426
Citibank Credit Card Issuance Trust Series 2018-A7 Class A7    3.96 10-13-2030      130,000     124,279
Ford Credit Floorplan Master Owner Trust Series 2018-2 Class A    3.17 3-15-2025      100,000      99,426
Ford Credit Floorplan Master Owner Trust Series 2019-2 Class A    3.06 4-15-2026       65,000      62,759
Nissan Auto Receivables Owner Trust Series 2018-B Class A4    3.16 12-16-2024       14,525      14,515
Nissan Auto Receivables Owner Trust Series 2018-C Class A4    3.27 6-16-2025       33,728      33,697
Synchrony Credit Card Master Note Trust Series 2018-2 Class A    3.47 5-15-2026   105,000 104,138
World Omni Auto Receivables Trust Series 2018-D Class A4    3.44 12-16-2024   22,266 22,255
Total Asset-backed securities (Cost $663,834)           639,495
Municipal obligations: 0.85%            
California: 0.31%            
Education revenue: 0.03%            
California Series B    3.90 11-1-2047   15,000 12,794
University of California Series AD    4.86 5-15-2112   70,000 60,751
            73,545
GO revenue: 0.15%            
California Build America Bonds Various Purpose    1.75 11-1-2030   110,000 88,653
California Build America Bonds Various Purpose    7.35 11-1-2039   70,000 86,744
California Build America Bonds Various Purpose    7.50 4-1-2034   100,000 123,129
California Build America Bonds Various Purpose    7.60 11-1-2040   15,000 19,552
Los Angeles CA Community College District Build America Bonds    6.75 8-1-2049   5,000 6,029
See accompanying notes to portfolio of investments
Allspring Bloomberg US Aggregate ex-Corporate Portfolio  |  3
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
GO revenue (continued)            
Los Angeles CA Unified School District Build America Bonds    5.75% 7-1-2034 $     15,000 $     15,869
Los Angeles CA Unified School District Build America Bonds    5.76 7-1-2029       60,000      62,375
                402,351
Health revenue: 0.02%            
University of California Series AD    3.26 5-15-2060       90,000      60,794
Transportation revenue: 0.08%            
Bay Area CA Toll Authority Series 1    6.26 4-1-2049      100,000     114,585
Bay Area CA Toll Authority Series 1    6.92 4-1-2040       15,000      17,688
Bay Area CA Toll Authority Series 1    7.04 4-1-2050       60,000      75,439
                207,712
Utilities revenue: 0.03%            
Los Angeles CA Department of Water & Power Build America Bonds Series D    6.57 7-1-2045       55,000      65,271
Florida: 0.06%            
Miscellaneous revenue: 0.06%            
Florida Board of Administrative Finance Corporation Series A    2.15 7-1-2030      200,000     161,390
Georgia: 0.00%            
Utilities revenue: 0.00%            
Municipal Electric Authority of Georgia Build America Bonds    7.06 4-1-2057       10,000      10,000
Illinois: 0.09%            
GO revenue: 0.02%            
Illinois Taxable Pension    5.10 6-1-2033       50,000      48,198
Miscellaneous revenue: 0.02%            
Illinois Build America Bonds Series 3    6.73 4-1-2035       45,000      46,194
Tax revenue: 0.05%            
Chicago IL Transit Authority Series B    6.90 12-1-2040   115,000 129,749
Kansas: 0.00%            
Miscellaneous revenue: 0.00%            
Kansas Development Finance Authority Series H    4.93 4-15-2045   5,000 4,735
Massachusetts: 0.05%            
GO revenue: 0.05%            
Massachusetts Build America Bonds Series A    4.91 5-1-2029   130,000 130,091
Massachusetts Build America Bonds Series D    4.50 8-1-2031   5,000 4,897
            134,988
New Jersey: 0.06%            
Transportation revenue: 0.06%            
New Jersey Transportation Trust    6.56 12-15-2040   60,000 64,516
New Jersey Turnpike Authority Build America Bonds Series A    7.10 1-1-2041   70,000 85,602
See accompanying notes to portfolio of investments
4  |  Allspring Bloomberg US Aggregate ex-Corporate Portfolio
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
Transportation revenue (continued)            
                150,118
New York: 0.12%            
Airport revenue: 0.05%            
Port Authority of New York & New Jersey Consolidated Bonds Series 201    4.23% 10-15-2057 $    100,000 $     86,642
Port Authority of New York & New Jersey Consolidated Bonds Series 210    4.03 9-1-2048       50,000      42,437
                129,079
Tax revenue: 0.07%            
New York Metropolitan Transportation Authority Dedicated Tax Fund Build America Bonds    7.34 11-15-2039      140,000     172,343
Water & sewer revenue: 0.00%            
New York NY Municipal Water Finance Authority Series AA    5.44 6-15-2043       10,000      10,643
Ohio: 0.00%            
Education revenue: 0.00%            
Ohio State University Build America Bonds    4.91 6-1-2040        5,000       5,098
Oregon: 0.02%            
Tax revenue: 0.02%            
Oregon Department of Transportation Build America Bonds Series A    5.83 11-15-2034       50,000      53,830
Pennsylvania: 0.00%            
Transportation revenue: 0.00%            
Pennsylvania Turnpike Commission Series B    5.51 12-1-2045        5,000       5,137
Texas: 0.11%            
Airport revenue: 0.05%            
Dallas Fort Worth TX International Airport Refunding Bonds Series 2021C    2.84 11-1-2046      170,000     121,963
GO revenue: 0.03%            
Texas Transportation Commission    2.56 4-1-2042   90,000 67,005
Transportation revenue: 0.03%            
Grand Parkway Transportation Corporation Series 2013E    5.18 10-1-2042   50,000 50,947
Texas Private Activity Bond North Tarrant Express Managed Lanes Project Series B    3.92 12-31-2049   50,000 38,524
            89,471
Wisconsin: 0.03%            
Tax revenue: 0.03%            
Wisconsin General Fund Annual Appropriations Series C    3.15 5-1-2027   80,000 75,639
Total Municipal obligations (Cost $2,682,573)           2,225,253
Non-agency mortgage-backed securities: 0.74%            
Benchmark Mortgage Trust Series 2018-B1 Class A4    3.40 1-15-2051   25,000 23,776
Benchmark Mortgage Trust Series 2018-B6 Class A4    4.26 10-10-2051   135,000 128,922
CFCRE Commercial Mortgage Trust Series 2016-C7 Class A3    3.84 12-10-2054   20,000 18,789
See accompanying notes to portfolio of investments
Allspring Bloomberg US Aggregate ex-Corporate Portfolio  |  5
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
Non-agency mortgage-backed securities (continued)            
Citigroup Commercial Mortgage Trust Series 2015-GC27 Class A5    3.14% 2-10-2048 $     55,000 $     52,184
Citigroup Commercial Mortgage Trust Series 2016-GC36 Class B ±±   4.91 2-10-2049       40,000      35,808
Citigroup Commercial Mortgage Trust Series 2016-GC36 Class C ±±   4.91 2-10-2049       95,000      77,494
Citigroup Commercial Mortgage Trust Series 2016-GC37 Class B    4.23 4-10-2049      110,000     100,595
Citigroup Commercial Mortgage Trust Series 2016-P4 Class A4    2.90 7-10-2049      135,000     123,600
Commercial Mortgage Trust Series 2013-CR6 Class A4    3.10 3-10-2046       35,276      35,169
Commercial Mortgage Trust Series 2014-UBS5 Class C ±±   4.77 9-10-2047      195,000     175,153
Commercial Mortgage Trust Series 2014-UBS6 Class C ±±   4.58 12-10-2047       60,000      55,055
Commercial Mortgage Trust Series 2015-CR23 Class A3    3.23 5-10-2048       52,996      50,512
Commercial Mortgage Trust Series 2016-COR1 Class C ±±   4.47 10-10-2049       65,000      57,629
Commercial Mortgage Trust Series 2016-CR28 Class A4    3.76 2-10-2049      215,000     203,741
Goldman Sachs Mortgage Securities Trust Series 2014-GC18 Class B ±±   4.89 1-10-2047       80,000      73,165
Goldman Sachs Mortgage Securities Trust Series 2018-GS10 Class AAB ±±   4.11 7-10-2051      180,000     174,251
Goldman Sachs Mortgage Securities Trust Series 2018-GS9 Class A4 ±±   3.99 3-10-2051      140,000     131,719
JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-C15 Class A4    4.10 11-15-2045        9,687       9,591
JPMorgan Chase Commercial Mortgage Securities Trust Series 2015-C29 Class A4    3.61 5-15-2048      200,000     189,834
JPMorgan Chase Commercial Mortgage Securities Trust Series 2015-C31 Class A3    3.80 8-15-2048      169,285     160,884
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C22 Class A4    3.31 4-15-2048       60,000      56,717
Total Non-agency mortgage-backed securities (Cost $2,111,472)             1,934,588
U.S. Treasury securities: 52.81%            
TIPS    2.75 8-15-2032    3,035,000   2,811,169
U.S. Treasury Bond    1.13 5-15-2040    7,075,000   4,527,447
U.S. Treasury Bond    1.38 11-15-2040      735,000     487,426
U.S. Treasury Bond    1.63 11-15-2050   440,000 271,769
U.S. Treasury Bond    1.88 2-15-2041   315,000 227,637
U.S. Treasury Bond    1.88 2-15-2051   2,065,000 1,361,609
U.S. Treasury Bond    2.00 2-15-2050   1,865,000 1,273,955
U.S. Treasury Bond    2.00 8-15-2051   2,940,000 1,998,052
U.S. Treasury Bond    2.25 5-15-2041   300,000 230,520
U.S. Treasury Bond    2.25 8-15-2046   390,000 283,222
U.S. Treasury Bond    2.38 5-15-2051   1,920,000 1,427,850
U.S. Treasury Bond    2.50 2-15-2045   555,000 427,892
U.S. Treasury Bond    2.50 2-15-2046   100,000 76,617
U.S. Treasury Bond    2.50 5-15-2046   200,000 152,977
U.S. Treasury Bond    2.75 11-15-2042   340,000 279,212
U.S. Treasury Bond    2.75 8-15-2047   270,000 216,622
U.S. Treasury Bond    2.75 11-15-2047   270,000 216,622
U.S. Treasury Bond    2.88 5-15-2043   605,000 505,860
U.S. Treasury Bond    2.88 8-15-2045   265,000 218,180
U.S. Treasury Bond    2.88 11-15-2046   265,000 217,931
U.S. Treasury Bond    2.88 5-15-2052   645,000 536,156
See accompanying notes to portfolio of investments
6  |  Allspring Bloomberg US Aggregate ex-Corporate Portfolio
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
U.S. Treasury securities (continued)            
U.S. Treasury Bond    3.00% 5-15-2042 $    145,000 $    125,074
U.S. Treasury Bond    3.00 5-15-2045      105,000      88,458
U.S. Treasury Bond    3.00 11-15-2045       35,000      29,462
U.S. Treasury Bond    3.00 2-15-2047      310,000     260,412
U.S. Treasury Bond    3.00 5-15-2047    5,961,000   5,011,198
U.S. Treasury Bond    3.00 2-15-2048      435,000     366,471
U.S. Treasury Bond    3.00 2-15-2049      320,000     271,488
U.S. Treasury Bond    3.13 11-15-2041    1,090,000     963,841
U.S. Treasury Bond    3.13 2-15-2043      475,000     414,734
U.S. Treasury Bond    3.13 8-15-2044      110,000      95,068
U.S. Treasury Bond    3.13 5-15-2048      250,000     215,928
U.S. Treasury Bond    3.38 5-15-2044       20,000      18,045
U.S. Treasury Bond    3.63 8-15-2043      110,000     103,679
U.S. Treasury Bond    3.63 2-15-2044       35,000      32,918
U.S. Treasury Bond    3.75 8-15-2041       35,000      34,044
U.S. Treasury Bond    3.75 11-15-2043      350,000     335,863
U.S. Treasury Bond    3.88 8-15-2040    1,040,000   1,037,156
U.S. Treasury Bond    4.25 11-15-2040      480,000     502,069
U.S. Treasury Bond    5.25 11-15-2028    5,975,000   6,406,087
U.S. Treasury Bond    5.50 8-15-2028      275,000     297,559
U.S. Treasury Bond    6.13 11-15-2027      245,000     269,567
U.S. Treasury Bond    6.38 8-15-2027       50,000      55,232
U.S. Treasury Bond    6.88 8-15-2025      895,000     955,692
U.S. Treasury Note    0.25 11-15-2023   3,105,000 2,974,736
U.S. Treasury Note    0.25 3-15-2024   2,690,000 2,543,626
U.S. Treasury Note    0.25 5-15-2024   1,265,000 1,188,062
U.S. Treasury Note    0.25 5-31-2025   1,790,000 1,624,145
U.S. Treasury Note    0.25 6-30-2025   1,295,000 1,173,897
U.S. Treasury Note    0.25 8-31-2025   3,980,000 3,581,378
U.S. Treasury Note    0.50 2-28-2026   460,000 410,712
U.S. Treasury Note    0.63 7-31-2026   3,145,000 2,786,151
U.S. Treasury Note    0.63 11-30-2027   4,585,000 3,919,100
U.S. Treasury Note    0.63 12-31-2027   2,145,000 1,829,199
U.S. Treasury Note    0.63 5-15-2030   870,000 699,263
U.S. Treasury Note    0.63 8-15-2030   2,100,000 1,677,539
U.S. Treasury Note    0.75 11-15-2024   5,290,000 4,931,892
U.S. Treasury Note    0.75 5-31-2026   260,000 232,416
U.S. Treasury Note    0.75 8-31-2026   3,235,000 2,873,084
U.S. Treasury Note    0.75 1-31-2028   1,615,000 1,383,159
U.S. Treasury Note    0.88 6-30-2026   1,925,000 1,725,657
U.S. Treasury Note    1.00 7-31-2028   2,885,000 2,473,775
U.S. Treasury Note    1.13 2-28-2025   1,855,000 1,731,092
U.S. Treasury Note    1.13 8-31-2028   3,010,000 2,595,537
U.S. Treasury Note    1.25 8-31-2024   6,445,000 6,096,819
U.S. Treasury Note    1.25 3-31-2028   485,000 425,209
U.S. Treasury Note    1.25 9-30-2028   2,230,000 1,933,480
U.S. Treasury Note    1.25 8-15-2031   3,115,000 2,564,278
U.S. Treasury Note    1.38 10-31-2028   1,720,000 1,499,356
U.S. Treasury Note    1.38 11-15-2031   2,455,000 2,030,458
U.S. Treasury Note    1.50 10-31-2024   225,000 213,170
U.S. Treasury Note    1.50 8-15-2026   545,000 498,462
U.S. Treasury Note    1.50 11-30-2028   1,595,000 1,398,803
U.S. Treasury Note    1.63 5-15-2026   1,255,000 1,158,326
U.S. Treasury Note    1.75 6-30-2024   1,655,000 1,585,438
U.S. Treasury Note    1.88 8-31-2024   7,235,000 6,916,773
See accompanying notes to portfolio of investments
Allspring Bloomberg US Aggregate ex-Corporate Portfolio  |  7
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
U.S. Treasury securities (continued)            
U.S. Treasury Note    1.88% 2-15-2032 $  2,140,000 $  1,842,741
U.S. Treasury Note    1.88 11-15-2051      545,000     358,401
U.S. Treasury Note    2.00 2-15-2025      340,000     323,624
U.S. Treasury Note    2.00 8-15-2025       10,000       9,453
U.S. Treasury Note    2.13 11-30-2023      750,000     730,752
U.S. Treasury Note    2.13 11-30-2024      995,000     952,907
U.S. Treasury Note    2.13 5-15-2025      880,000     837,306
U.S. Treasury Note    2.25 12-31-2023       15,000      14,605
U.S. Treasury Note    2.25 4-30-2024    1,370,000   1,325,636
U.S. Treasury Note    2.25 11-15-2024      640,000     614,625
U.S. Treasury Note    2.25 12-31-2024    1,485,000   1,423,918
U.S. Treasury Note    2.25 11-15-2025       20,000      18,983
U.S. Treasury Note    2.25 11-15-2027       20,000      18,563
U.S. Treasury Note    2.38 3-31-2029      145,000     133,440
U.S. Treasury Note    2.38 5-15-2029      100,000      92,004
U.S. Treasury Note    2.50 4-30-2024    2,150,000   2,088,020
U.S. Treasury Note    2.50 1-31-2025    1,670,000   1,607,832
U.S. Treasury Note    2.50 2-28-2026      800,000     762,375
U.S. Treasury Note    2.63 12-31-2025       95,000      91,078
U.S. Treasury Note    2.63 2-15-2029    3,060,000   2,860,622
U.S. Treasury Note    2.75 2-15-2024    3,940,000   3,852,581
U.S. Treasury Note    2.75 2-28-2025       90,000      87,093
U.S. Treasury Note    2.88 11-30-2025    1,145,000   1,106,356
U.S. Treasury Note    2.88 5-15-2028   2,295,000 2,185,988
U.S. Treasury Note    2.88 8-15-2028   2,510,000 2,387,147
U.S. Treasury Note    3.13 11-15-2028   1,910,000 1,838,897
U.S. Treasury Note    6.00 2-15-2026   450,000 475,576
U.S. Treasury Note    6.50 11-15-2026   745,000 813,214
U.S. Treasury Note    7.50 11-15-2024   1,085,000 1,148,701
U.S. Treasury Note    7.63 2-15-2025   3,660,000 3,911,625
Total U.S. Treasury securities (Cost $151,535,993)           138,227,825
Yankee corporate bonds and notes: 2.48%            
Energy: 0.09%            
Oil, gas & consumable fuels: 0.09%            
Equinor ASA    1.75 1-22-2026   150,000 137,579
Equinor ASA    3.00 4-6-2027   70,000 65,583
Equinor ASA    3.63 4-6-2040   40,000 33,482
            236,644
Financials: 2.39%            
Banks: 2.39%            
African Development Bank   0.88 7-22-2026   140,000 123,360
Asian Development Bank   0.38 9-3-2025   200,000 179,547
Asian Development Bank   1.50 3-4-2031   110,000 91,627
Asian Development Bank   1.75 9-19-2029   160,000 139,010
Asian Development Bank   1.88 1-24-2030   110,000 95,978
Asian Development Bank   2.00 4-24-2026   60,000 55,851
Asian Development Bank   2.13 3-19-2025   60,000 57,044
Asian Development Bank   2.63 1-12-2027   180,000 170,508
Asian Development Bank   5.82 6-16-2028   10,000 10,872
Asian Development Bank   6.22 8-15-2027   80,000 86,721
See accompanying notes to portfolio of investments
8  |  Allspring Bloomberg US Aggregate ex-Corporate Portfolio
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
Banks (continued)            
Asian Infrastructure Investment Bank   0.50% 5-28-2025 $    200,000 $    181,764
European Bank for Reconstruction & Development   0.50 5-19-2025      120,000     109,530
European Investment Bank   0.88 5-17-2030       50,000      40,521
European Investment Bank   1.25 2-14-2031      170,000     140,444
European Investment Bank   1.88 2-10-2025       20,000      18,987
European Investment Bank   2.25 6-24-2024      640,000     618,575
European Investment Bank   3.25 1-29-2024       20,000      19,703
Inter-American Development Bank   0.88 4-20-2026       30,000      26,936
Inter-American Development Bank   1.13 7-20-2028      280,000     239,946
Inter-American Development Bank   2.00 6-2-2026      260,000     242,032
Inter-American Development Bank   2.13 1-15-2025      150,000     143,378
Inter-American Development Bank   2.38 7-7-2027       30,000      27,958
Inter-American Development Bank   3.13 9-18-2028       50,000      47,800
Inter-American Development Bank   7.00 6-15-2025       50,000      53,175
International Bank for Reconstruction & Development   0.38 7-28-2025      220,000     198,963
International Bank for Reconstruction & Development   0.75 8-26-2030      130,000     102,993
International Bank for Reconstruction & Development   1.50 8-28-2024       30,000      28,492
International Bank for Reconstruction & Development   1.63 11-3-2031      190,000     158,026
International Bank for Reconstruction & Development   1.88 10-27-2026      130,000     119,425
International Bank for Reconstruction & Development   2.50 3-19-2024      160,000     155,709
International Bank for Reconstruction & Development   2.50 7-29-2025      350,000     335,071
International Bank for Reconstruction & Development   2.50 11-22-2027       80,000      74,708
International Bank for Reconstruction & Development   2.50 3-29-2032       70,000      62,483
International Finance Corporation   1.38 10-16-2024   100,000 94,392
International Finance Corporation   2.13 4-7-2026   100,000 93,774
KfW ¤   0.00 4-18-2036   80,000 46,950
KfW ¤   0.00 6-29-2037   50,000 28,186
KfW    0.50 9-20-2024   150,000 139,734
KfW    0.63 1-22-2026   190,000 170,317
KfW    0.75 9-30-2030   30,000 23,770
KfW    2.00 5-2-2025   40,000 37,932
KfW    2.88 4-3-2028   410,000 388,877
Korea Development Bank   3.38 9-16-2025   210,000 200,697
Landwirtschaftliche Rentenbank   1.75 7-27-2026   10,000 9,172
Landwirtschaftliche Rentenbank   2.00 1-13-2025   30,000 28,535
Nordic Investment Bank    0.38 9-20-2024   200,000 185,828
Oesterreichische Kontrollbank AG    1.50 2-12-2025   190,000 178,948
Swedish Export Credit ¤   0.00 5-11-2037   65,000 33,253
Swedish Export Credit   4.63 11-28-2025   260,000 261,277
Swedish Export Credit    2.25 3-22-2027   200,000 185,272
            6,264,051
Total Yankee corporate bonds and notes (Cost $7,073,030)           6,500,695
Yankee government bonds: 1.91%            
Canada Government    1.63 1-22-2025   135,000 127,765
Export Development Canada    2.63 2-21-2024   170,000 165,582
Export-Import Bank of Korea    2.88 1-21-2025   200,000 190,608
Japan Bank for International Cooperation    1.88 4-15-2031   210,000 173,181
Japan Bank for International Cooperation    3.00 5-29-2024   300,000 291,921
Oriental Republic of Uruguay    4.38 1-23-2031   75,000 74,896
Oriental Republic of Uruguay    4.50 8-14-2024   10,000 9,988
Oriental Republic of Uruguay    4.98 4-20-2055   90,000 86,282
Oriental Republic of Uruguay    5.10 6-18-2050   35,000 34,447
Province of Alberta    1.88 11-13-2024   210,000 199,895
See accompanying notes to portfolio of investments
Allspring Bloomberg US Aggregate ex-Corporate Portfolio  |  9
Portfolio of investments—November 30, 2022 (unaudited)
    Interest
rate 		Maturity
date 		Principal Value
Yankee government bonds (continued)            
Province of British Columbia    7.25% 9-1-2036 $    100,000 $    124,598
Province of Manitoba    3.05 5-14-2024      150,000     146,618
Province of Ontario    2.00 10-2-2029       90,000      78,432
Province of Ontario    2.30 6-15-2026       70,000      64,911
Province of Ontario    2.50 4-27-2026       70,000      65,701
Province of Ontario    3.20 5-16-2024        5,000       4,899
Province of Quebec    2.50 4-9-2024       70,000      68,074
Province of Quebec    2.50 4-20-2026       75,000      70,303
Province of Quebec   0.60 7-23-2025       90,000      81,704
Republic of Chile    3.24 2-6-2028      210,000     196,166
Republic of Chile    3.63 10-30-2042      175,000     134,704
Republic of Hungary    5.38 3-25-2024       19,000      18,989
Republic of Hungary    7.63 3-29-2041       50,000      54,402
Republic of Indonesia    4.10 4-24-2028      225,000     217,133
Republic of Italy    2.88 10-17-2029      215,000     177,483
Republic of Italy    6.88 9-27-2023       60,000      60,386
Republic of Korea    5.63 11-3-2025      100,000     101,815
Republic of Panama    2.25 9-29-2032      200,000     150,250
Republic of Panama    9.38 4-1-2029      185,000     220,749
Republic of Peru    2.84 6-20-2030      180,000     153,867
Republic of Peru    3.23 7-28-2121       75,000      44,732
Republic of Peru    3.60 1-15-2072      100,000      66,348
Republic of Peru    5.63 11-18-2050       20,000      19,904
Republic of Philippines    3.70 2-2-2042   215,000 174,535
Republic of Philippines    9.50 2-2-2030   150,000 187,874
Republic of Philippines    10.63 3-16-2025   55,000 61,932
Republic of Poland    3.25 4-6-2026   10,000 9,525
State of Israel    3.38 1-15-2050   200,000 152,410
State of Israel    5.50 12-4-2023   120,000 120,732
State of Israel    5.50 9-18-2033   6,000 6,644
United Mexican States    4.35 1-15-2047   225,000 176,943
United Mexican States    4.50 1-31-2050   260,000 207,602
United Mexican States    4.75 3-8-2044   54,000 45,342
United Mexican States    5.75 10-12-2110   163,000 140,803
United Mexican States    6.05 1-11-2040   40,000 40,120
Total Yankee government bonds (Cost $5,758,837)           5,001,195
    
    Yield   Shares  
Short-term investments: 3.70%            
Investment companies: 3.70%            
Allspring Government Money Market Fund Select Class ♠∞##   3.60      9,680,282   9,680,282
Total Short-term investments (Cost $9,680,282)             9,680,282
Total investments in securities (Cost $291,531,005) 102.59%         268,553,635
Other assets and liabilities, net (2.59)          (6,792,386)
Total net assets 100.00%         $261,761,249
    
See accompanying notes to portfolio of investments
10  |  Allspring Bloomberg US Aggregate ex-Corporate Portfolio
Portfolio of investments—November 30, 2022 (unaudited)
±± 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 security is issued in zero coupon form with no periodic interest payments.
## All or a portion of this security is segregated for when-issued securities.
♠ The issuer of the security is an affiliated person of the Portfolio as defined in the Investment Company Act of 1940.
∞ The rate represents the 7-day annualized yield at period end.
%% The security is purchased on a when-issued basis.
    
Abbreviations:
FFCB Federal Farm Credit Banks
FHLB Federal Home Loan Bank
FHLMC Federal Home Loan Mortgage Corporation
FNMA Federal National Mortgage Association
GNMA Government National Mortgage Association
GO General obligation
TIPS Treasury Inflation-Protected Securities
TVA Tennessee Valley Authority
Investments in affiliates
An affiliated investment is an investment in which the Portfolio owns at least 5% of the outstanding voting shares of the issuer or as a result of other relationships, such as the Portfolio and the issuer having the same adviser or investment manager. Transactions with issuers that were affiliates of the Portfolio at the end of the period were as follows:
  Value,
beginning of
period 		Purchases Sales
proceeds 		Net
realized
gains
(losses) 		Net
change in
unrealized
gains
(losses) 		Value,
end of
period 		Shares,
end
of period 		Income
from
affiliated
securities
Short-term investments              
Allspring Government Money Market Fund Select Class $100,859,173 $161,932,427 $(253,111,318) $0 $0 $9,680,282 9,680,282 $286,100
See accompanying notes to portfolio of investments
Allspring Bloomberg US Aggregate ex-Corporate Portfolio  |  11
Notes to portfolio of investments—November 30, 2022 (unaudited)
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Portfolio may deviate from this calculation time under unusual or unexpected circumstances.
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.
Investments in registered open-end investment companies (other than those listed on a foreign or domestic exchange or market) are valued at net asset value.
Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, LLC ("Allspring Funds Management"), which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management's process for determining the fair value of the portfolio of investments.
When-issued transactions
The Portfolio may purchase securities on a forward commitment or when-issued basis. The Portfolio records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Portfolio's commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Portfolio 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.
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.
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Portfolio’s investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Portfolio’s investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:
■ Level 1 – quoted prices in active markets for identical securities
■ Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
■ Level 3 – significant unobservable inputs (including the Portfolio’s own assumptions in determining the fair value of investments)
12  |  Allspring Bloomberg US Aggregate ex-Corporate Portfolio
Notes to portfolio of investments—November 30, 2022 (unaudited)
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used in valuing the Portfolio’s assets and liabilities as of November 30, 2022:
  Quoted prices
(Level 1) 		Other significant
observable inputs
(Level 2) 		Significant
unobservable inputs
(Level 3) 		Total
Assets        
Investments in:        
Agency securities $0 $104,344,302 $0 $104,344,302
Asset-backed securities 0 639,495 0 639,495
Municipal obligations 0 2,225,253 0 2,225,253
Non-agency mortgage-backed securities 0 1,934,588 0 1,934,588
U.S. Treasury securities 138,227,825 0 0 138,227,825
Yankee corporate bonds and notes 0 6,500,695 0 6,500,695
Yankee government bonds 0 5,001,195 0 5,001,195
Short-term investments        
Investment companies 9,680,282 0 0 9,680,282
Total assets $147,908,107 $120,645,528 $0 $268,553,635
Additional sector, industry or geographic detail, if any, is included in the Portfolio of Investments.
For the nine months ended November 30, 2022, the Portfolio did not have any transfers into/out of Level 3.
Allspring Bloomberg US Aggregate ex-Corporate Portfolio  |  13