0001752724-23-165326.txt : 20230727 0001752724-23-165326.hdr.sgml : 20230727 20230727115807 ACCESSION NUMBER: 0001752724-23-165326 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230531 FILED AS OF DATE: 20230727 DATE AS OF CHANGE: 20230727 PERIOD START: 20240229 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: 231116422 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 S000049603 Allspring Dynamic Target 2060 Fund C000156855 Class A WTDVX C000156856 Class C WTDWX C000156858 Class R4 WTDZX C000156859 Class R6 WTSZX C000230206 Administrator Class WDLTX NPORT-P 1 primary_doc.xml NPORT-P false 0001081400 XXXXXXXX S000049603 C000156856 C000156859 C000156858 C000230206 C000156855 ALLSPRING FUNDS TRUST 811-09253 0001081400 549300XROIY0CTN7RZ24 1415 Vantage Park Drive 3rd Floor Charlotte 28203 833-568-4255 Allspring Dynamic Target 2060 Fund S000049603 549300GEPFIIB62BWB50 2024-02-29 2023-05-31 N 12949922.20 8497.02 12941425.18 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 58374.07000000 N Dynamic Target Date 2060 Index DYNTGT_2060 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 SP500 MIC EMIN FUTJUN23 000000000 -22.00000000 NC USD -29256.72000000 -0.22607030982 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short Micro E-mini S&P 500 futures HWAM3 Index 2023-06-16 -431698.28000000 USD -29256.72000000 N N N Allspring Factor Enhanced U.S. Large Cap Equity Portfolio 549300RQO6CG3C8MZO40 Allspring Factor Enhanced U.S. Large Cap Equity Portfolio 000000000 335463.17000000 NS USD 5851066.15000000 45.21191498323 Long EC RF US N N/A N N N Osaka Exchange 3538001249AILNPRUX57 TOPIX INDX FUTR JUN23 000000000 2.00000000 NC 8050.51000000 0.062207290835 N/A DE JP N 1 Osaka Exchange 3538001249AILNPRUX57 Long TSE TOPIX (Tokyo Price Index) Futures TPM3 Index 2023-06-08 41398362.00000000 JPY 8050.51000000 N N N Allspring Emerging Markets Bond Portfolio 549300MZYH5H4KTRRR25 Allspring Emerging Markets Bond Portfolio 000000000 3379.78000000 NS USD 32283.65000000 0.249459773950 Long EC RF US N N/A N N N Allspring High Yield Corporate Bond Portfolio 549300PINZDPHVMK2484 Allspring High Yield Corporate Bond Portfolio 000000000 2968.03000000 NS USD 32234.38000000 0.249079058539 Long EC RF US N N/A N N N Eurex Deutschland 529900LN3S50JPU47S06 EURO STOXX 50 JUN23 000000000 -7.00000000 NC 8148.55000000 0.062964858094 N/A DE DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short EUX EURO STOXX 50 Futures VGM3 Index 2023-06-16 -302813.30000000 EUR 8148.55000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 JPN YEN CURR FUT JUN23 000000000 5.00000000 NC USD -18351.72000000 -0.14180602016 N/A DFE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME Japanese Yen Currency Futures JYM3 Curncy 2023-06-16 468351.72000000 USD -18351.72000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 NASD100 MICRO EMINJUN23 000000000 17.00000000 NC USD 68250.55000000 0.527380478198 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME Micro E-Mini NASDAQ 100 Index Futures MNQM3 Index 2023-06-16 417966.45000000 USD 68250.55000000 N N N Allspring Factor Enhanced International Equity Portfolio 549300BD8ALDMNQFRB45 Allspring Factor Enhanced International Equity Portfolio 000000000 270497.70000000 NS USD 3642088.95000000 28.14287375109 Long EC RF US N N/A N N N Allspring Investment Grade Corporate Bond Portfolio 5493001BFBPLXGF0T424 Allspring Investment Grade Corporate Bond Portfolio 000000000 18721.64000000 NS USD 199590.84000000 1.542263214629 Long EC RF US N N/A N N N Eurex Deutschland 529900LN3S50JPU47S06 EURO-SCHATZ FUT JUN23 000000000 -14.00000000 NC -5000.51000000 -0.03863956195 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short Eurex 2 Year Euro SCHATZ Futures DUM3 Comdty 2023-06-08 -1474001.82000000 EUR -5000.51000000 N N N Eurex Deutschland 529900LN3S50JPU47S06 EURO-BUND FUTURE JUN23 000000000 2.00000000 NC 3918.49000000 0.030278659000 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Long Eurex 10 Year Euro BUND Futures RXM3 Comdty 2023-06-08 268434.09000000 EUR 3918.49000000 N N N Allspring Bloomberg US Aggregate ex-Corporate Portfolio 5493005A0U8JNL00Z344 Allspring Bloomberg US Aggregate ex-Corporate Portfolio 000000000 37695.60000000 NS USD 383562.21000000 2.963832844258 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 108849.92000000 NS USD 1441475.86000000 11.13846303595 Long EC RF US N N/A N N N Allspring Factor Enhanced Emerging Markets Equity Portfolio 549300GNL2STC8VRF419 Allspring Factor Enhanced Emerging Markets Equity Portfolio 000000000 118613.85000000 NS USD 1097742.69000000 8.482394131493 Long EC RF US N N/A N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US 10YR NOTE (CBT)SEP23 000000000 3.00000000 NC USD 814.72000000 0.006295442647 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 10 Year U.S. Treasury Notes TYU3 Comdty 2023-09-20 342591.53000000 USD 814.72000000 N N N 2023-06-30 ALLSPRING FUNDS TRUST Jeremy DePalma Jeremy DePalma Treasurer XXXX NPORT-EX 2 NPORT_WBIN_41085410_0523.htm EDGAR HTML
Portfolio of investments—May 31, 2023 (unaudited)
Portfolio of investments
 
 
 
 
 
 
Value
Investment companies:  98.00%
 
Affiliated master portfolios:  98.00%
 
Allspring Bloomberg US Aggregate ex-Corporate Portfolio
 
$383,565
Allspring Emerging Markets Bond Portfolio
 
32,284
Allspring Factor Enhanced Emerging Markets Equity Portfolio
 
1,097,743
Allspring Factor Enhanced International Equity Portfolio
 
3,642,089
Allspring Factor Enhanced U.S. Large Cap Equity Portfolio
 
5,851,069
Allspring Factor Enhanced U.S. Small Cap Equity Portfolio
 
1,441,476
Allspring High Yield Corporate Bond Portfolio
 
32,234
Allspring Investment Grade Corporate Bond Portfolio
 
199,591
Total investment companies (Cost $11,974,770)
 
12,680,051
Total investments in securities (Cost $11,974,770)
98.00
%
 
12,680,051
Other assets and liabilities, net
2.00
 
258,611
Total net assets
100.00
%
 
$12,938,662
Transactions with the affiliated Master Portfolios were as follows: 
 
% of
ownership,
beginning
of period
% of
ownership,
end of
period
Net realized
gains
(losses) on
investments
allocated
from
affiliated
Master
Portfolios
Net
change in
unrealized
gains
(losses) on
investments
allocated
from
affiliated
Master
Portfolios
Dividends
allocated
from
affiliated
Master
Portfolios
Interest
allocated
from
affiliated
Master
Portfolios
Affiliated
Income
Allocated
from
affiliated
Master
Portfolios
Value,
end of
period
Allspring Bloomberg US Aggregate ex-
Corporate Portfolio
0.14
%
0.15
%
$(852
)
$7,459
$0
$2,738
$82
$383,565
Allspring Emerging Markets Bond
Portfolio
0.23
0.25
(230
)
151
0
388
4
32,284
Allspring Factor Enhanced Emerging
Markets Equity Portfolio
1.02
1.06
(16,232
)
16,870
9,675
0
493
1,097,743
Allspring Factor Enhanced International
Equity Portfolio
0.81
0.87
18,560
(35,710
)
58,383
0
983
3,642,089
Allspring Factor Enhanced U.S. Large
Cap Equity Portfolio
1.17
1.25
(7,282
)
233,305
24,713
0
1,800
5,851,069
Allspring Factor Enhanced U.S. Small
Cap Equity Portfolio
1.15
1.23
(38,860
)
(69,403
)
6,276
0
830
1,441,476
Allspring High Yield Corporate Bond
Portfolio
0.23
0.25
(897
)
499
0
508
6
32,234
Allspring Investment Grade Corporate
Bond Portfolio
0.23
0.25
(1,115
)
3,439
0
1,994
19
199,591
 
$(46,908
)
$156,610
$99,047
$5,628
$4,217
$12,680,051
The accompanying notes are an integral part of these financial statements.
Allspring Dynamic Target 2060 Fund | 1
Portfolio of investments—May 31, 2023 (unaudited)
 
Futures contracts 
Description
Number of
contracts
Expiration
date
Notional
cost
Notional
value
Unrealized
gains
Unrealized
losses
Long
10-Year Euro BUND Index
2
6-8-2023
$286,930
$290,848
$3,918
$0
TOPIX
2
6-8-2023
297,135
305,186
8,051
0
E-Mini NASDAQ 100 Index
17
6-16-2023
417,966
486,217
68,251
0
Japanese Yen Futures
5
6-16-2023
468,352
450,000
0
(18,352
)
10-Year U.S. Treasury Notes
3
9-20-2023
342,591
343,406
815
0
Short
2-Year Euro SCHATZ
(14
)
6-8-2023
(1,575,560
)
(1,580,561
)
0
(5,001
)
E-Mini S&P 500 Index
(22
)
6-16-2023
(431,698
)
(460,955
)
0
(29,257
)
Euro STOXX 50 Index
(7
)
6-16-2023
(323,678
)
(315,529
)
8,149
0
 
$89,184
$(52,610
)
The accompanying notes are an integral part of these financial statements.
2 | Allspring Dynamic Target 2060 Fund
Notes to portfolio of investments—May 31, 2023 (unaudited)
Notes to portfolio of investments
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 Fund 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 interest rates, security values and foreign exchange rates and is subject to interest rate risk, 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 a futures contract, the Fund is required to deposit either cash or securities (initial margin) with the broker in an amount equal to a certain percentage of the contract value. Subsequent payments (variation margin) are paid to or received from the broker each day equal to the daily changes in the contract value. Such payments are recorded as unrealized gains or losses and, if any, shown as variation margin receivable (payable). Should the Fund fail to make requested variation margin payments, the broker can gain access to the initial margin to satisfy the Fund’s payment obligations. When the contracts are closed, a realized gain or loss is recorded. 
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of 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 2060 Fund | 3
Notes to portfolio of investments—May 31, 2023 (unaudited)
The following is a summary of the inputs used in valuing each Fund’s assets and liabilities as of May 31, 2023: 
 
Quoted prices
(Level 1)
Other significant
observable inputs
(Level 2)
Significant
unobservable inputs
(Level 3)
Total
Assets
Investments in:
Investments measured at net asset value*
$12,680,051
Futures contracts
$89,184
$0
$0
89,184
Total assets
$89,184
$0
$0
$12,769,235
 
Liabilities
Futures contracts
$52,610
$0
$0
$52,610
Total liabilities
$52,610
$0
$0
$52,610
 
*
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 $12,680,051 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 tables following the Portfolio of Investments.  All other assets and liabilities are reported at their market value at measurement date.
As of May 31, 2023, $92,000 was segregated as cash collateral for these open futures contracts. 
For the three months ended May 31, 2023, 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 fee 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
4 | Allspring Dynamic Target 2060 Fund