NPORT-EX 2 NPORT_WBB2_44267015_0524.htm EDGAR HTML
Portfolio of investments—May 31, 2024 (unaudited)
Portfolio of investments
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities:  71.51%
 
FHLMC¤
0.00
%
7-15-2032
$
9,900,000
$6,705,824
FHLMC
2.50
9-1-2050
 
1,095,792
886,807
FHLMC
2.50
6-1-2051
 
12,242,815
9,906,927
FHLMC
2.50
11-1-2051
 
8,633,774
7,082,258
FHLMC
2.50
12-1-2051
 
1,868,437
1,513,527
FHLMC
3.00
6-1-2050
 
410,374
352,994
FHLMC
3.00
7-1-2050
 
1,242,280
1,068,327
FHLMC
3.00
8-1-2050
 
3,104,684
2,648,306
FHLMC
3.50
8-1-2045
 
1,132,255
1,018,204
FHLMC
3.50
11-1-2045
 
2,000,106
1,798,012
FHLMC
3.50
12-1-2045
 
1,816,676
1,632,643
FHLMC
4.00
6-1-2037
 
3,927,572
3,768,189
FHLMC
4.00
11-1-2042
 
4,686,328
4,335,396
FHLMC
4.00
6-1-2044
 
1,057,019
980,762
FHLMC
4.00
5-1-2049
 
625,401
574,458
FHLMC
4.00
9-1-2049
 
234,558
215,968
FHLMC
4.50
3-1-2042
 
85,928
83,038
FHLMC
4.50
9-1-2044
 
1,298,953
1,248,811
FHLMC
4.50
9-1-2049
 
2,355,796
2,233,575
FHLMC
5.00
6-1-2026
 
13,104
12,990
FHLMC
5.00
8-1-2040
 
354,684
349,571
FHLMC
5.00
7-1-2052
 
2,209,026
2,129,137
FHLMC
5.00
9-1-2052
 
2,413,751
2,325,947
FHLMC
5.50
7-1-2035
 
1,088,553
1,093,894
FHLMC
5.50
12-1-2038
 
613,577
616,598
FHLMC
5.50
3-1-2053
 
1,378,777
1,359,069
FHLMC
6.00
10-1-2032
 
8,955
9,137
FHLMC
6.00
1-1-2053
 
2,660,363
2,669,451
FHLMC
6.50
9-1-2028
 
3,741
3,806
FHLMC
7.00
12-1-2026
 
89
91
FHLMC
7.00
4-1-2029
 
417
429
FHLMC
7.00
5-1-2029
 
2,092
2,152
FHLMC
7.00
4-1-2032
 
30,277
31,135
FHLMC
7.50
11-1-2031
 
41,887
41,597
FHLMC
7.50
4-1-2032
 
68,096
69,186
FHLMC
8.00
6-1-2024
 
2
2
FHLMC
8.00
8-1-2026
 
2,113
2,140
FHLMC
8.00
11-1-2026
 
1,915
1,935
FHLMC
8.00
11-1-2028
 
441
441
FHLMC
8.50
12-1-2025
 
444
444
FHLMC
8.50
5-1-2026
 
103
103
FHLMC
8.50
8-1-2026
 
1,186
1,186
FHLMC Multifamily Structured Pass-Through Certificates Series K039
Class A2
3.30
7-25-2024
 
156,444
155,643
FHLMC Multifamily Structured Pass-Through Certificates Series K075
Class A2±±
3.65
2-25-2028
 
4,370,000
4,173,026
FHLMC Multifamily Structured Pass-Through Certificates Series K153
Class A3±±
3.12
10-25-2031
 
160,000
142,318
See accompanying notes to portfolio of investments
Allspring Government Securities Fund | 1
Portfolio of investments—May 31, 2024 (unaudited)
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
FHLMC Multifamily Structured Pass-Through Certificates Series KF80
Class AS (30 Day Average U.S. SOFR+0.51%)±
5.84
%
6-25-2030
$
871,324
$870,887
FHLMC Multifamily Structured Pass-Through Certificates Series KIR2
Class A1
2.75
3-25-2027
 
2,331,045
2,243,252
FHLMC Multifamily Structured Pass-Through Certificates
Series KW03 Class A1
2.62
12-25-2026
 
729,564
708,553
FHLMC Structured Pass-Through Certificates Series T-35 Class A (30
Day Average U.S. SOFR+0.39%)±
5.72
9-25-2031
 
249,932
253,844
FHLMC Structured Pass-Through Certificates Series T-42 Class A6
9.50
2-25-2042
 
458,467
503,971
FHLMC Structured Pass-Through Certificates Series T-55
Class 2A1±±
3.31
3-25-2043
 
193,930
178,009
FHLMC Structured Pass-Through Certificates Series T-56 Class A4
6.00
5-25-2043
 
2,589,305
2,476,386
FHLMC Structured Pass-Through Certificates Series T-57
Class 2A1±±
4.43
7-25-2043
 
1,121,141
1,037,714
FHLMC Structured Pass-Through Certificates Series T-57 Class 1A1
6.50
7-25-2043
 
580,708
585,248
FHLMC Structured Pass-Through Certificates Series T-62 Class 1A1
(12 Month Treasury Average+1.20%)±
6.31
10-25-2044
 
413,327
373,904
FHLMC Structured Pass-Through Certificates Series T-67
Class 1A1C±±
4.20
3-25-2036
 
420,883
384,323
FHLMC Structured Pass-Through Certificates Series T-67
Class 2A1C±±
4.24
3-25-2036
 
675,680
624,187
FHLMC Whole Loan Securities Trust Series 2015-SC01 Class 1A
3.50
5-25-2045
 
296,485
256,183
FHLMC (1 Year Treasury Constant Maturity+2.13%)±
7.13
1-1-2026
 
3,089
3,051
FHLMC (1 Year Treasury Constant Maturity+2.16%)±
6.82
10-1-2026
 
14,520
14,417
FHLMC (1 Year Treasury Constant Maturity+2.25%)±
7.25
6-1-2032
 
2,474
2,483
FHLMC (11th District COFI+1.25%)±
4.67
7-1-2032
 
113,169
109,480
FHLMC (3 Year Treasury Constant Maturity+2.09%)±
2.96
5-1-2026
 
256
253
FHLMC (30 Day Average U.S. SOFR+0.26%)±
5.58
7-1-2031
 
3,013,000
2,982,428
FHLMC (RFUCCT1Y+1.66%)±
6.03
6-1-2043
 
637,706
644,773
FHLMC (RFUCCT1Y+1.67%)±
6.45
7-1-2038
 
392,471
402,859
FHLMC (RFUCCT1Y+1.91%)±
6.16
9-1-2031
 
27,664
27,596
FHLMC Series 2733 Class FB (30 Day Average U.S. SOFR+0.71%)±
6.04
10-15-2033
 
157,282
157,034
FHLMC Series 3070 Class FT (30 Day Average U.S. SOFR+0.46%)±
5.79
11-15-2035
 
272,384
270,502
FHLMC Series 3614 Class QB
4.00
12-15-2024
 
41,855
41,634
FHLMC Series 3830 Class FD (30 Day Average U.S. SOFR+0.47%)±
5.80
3-15-2041
 
116,127
114,993
FHLMC Series 4057 Class FN (30 Day Average U.S. SOFR+0.46%)±
5.79
12-15-2041
 
102,925
101,697
FHLMC Series 4068 Class FK (30 Day Average U.S. SOFR+0.41%)±
5.74
6-15-2040
 
17,667
17,645
FHLMC Series 4093 Class FB (30 Day Average U.S. SOFR+0.46%)±
5.79
7-15-2039
 
54,870
54,808
FHLMC Series 4159 Class AF (30 Day Average U.S. SOFR+1.29%)±
6.62
12-15-2036
 
113,379
115,572
FHLMC Series 4218 Class DF (30 Day Average U.S. SOFR+0.36%)±
5.69
7-15-2042
 
167,220
163,704
FHLMC Series 4409 Class MA
3.00
1-15-2054
 
11,156
10,844
FHLMC Series 4620 Class AF (30 Day Average U.S. SOFR+0.55%)±
5.88
11-15-2042
 
1,268,870
1,255,869
FHLMC Series 5198 Class FB (30 Day Average U.S. SOFR+0.25%)±
3.78
6-15-2049
 
1,737,243
1,674,260
FNMA
1.38
7-1-2030
 
3,853,239
3,197,034
FNMA
1.65
6-1-2030
 
1,345,916
1,133,567
FNMA
1.65
7-1-2030
 
2,338,347
1,949,156
FNMA
1.66
7-1-2032
 
3,927,409
3,146,508
FNMA
1.97
5-1-2030
 
4,240,494
3,642,871
See accompanying notes to portfolio of investments
2 | Allspring Government Securities Fund
Portfolio of investments—May 31, 2024 (unaudited)
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
FNMA
2.00
%
2-1-2052
$
39,334,763
$30,537,538
FNMA
2.32
1-1-2026
 
3,869,315
3,684,908
FNMA
2.35
2-1-2032
 
2,206,331
1,871,735
FNMA
2.50
9-1-2050
 
344,870
280,953
FNMA
2.50
12-1-2050
 
1,219,128
986,588
FNMA
2.50
7-1-2051
 
1,731,749
1,399,360
FNMA
2.50
10-1-2051
 
5,743,197
4,640,783
FNMA
2.50
1-1-2052
 
2,850,560
2,311,591
FNMA
2.51
9-1-2031
 
4,957,894
4,285,941
FNMA
2.65
2-1-2032
 
4,955,081
4,270,290
FNMA
2.75
9-1-2031
 
872,418
761,930
FNMA
2.86
7-1-2029
 
953,050
867,807
FNMA
3.00
5-1-2027
 
149,519
144,887
FNMA
3.00
6-1-2034
 
1,765,044
1,634,029
FNMA
3.00
4-1-2045
 
28,160
24,440
FNMA
3.00
11-1-2045
 
2,477,451
2,144,534
FNMA
3.00
12-1-2045
 
5,789,722
5,014,438
FNMA
3.00
12-1-2046
 
219,633
188,894
FNMA
3.00
9-1-2050
 
3,252,595
2,775,432
FNMA
3.00
4-1-2052
 
2,305,259
1,962,530
FNMA
3.00
8-1-2050
 
30,001
25,558
FNMA
3.48
3-1-2029
 
853,108
803,088
FNMA
3.50
4-1-2034
 
1,682,627
1,627,125
FNMA
3.50
2-1-2043
 
15,272
13,916
FNMA
3.50
2-1-2045
 
340,482
309,162
FNMA
3.50
4-1-2045
 
1,446,314
1,299,148
FNMA
3.50
8-1-2045
 
125,955
113,137
FNMA
3.50
12-1-2045
 
493,584
443,360
FNMA
3.50
2-1-2046
 
529,771
475,306
FNMA
3.50
5-1-2052
 
5,393,985
4,733,475
FNMA
3.86
3-1-2029
 
776,540
742,994
FNMA
4.00
8-1-2037
 
1,782,063
1,710,353
FNMA
4.00
4-1-2046
 
4,013,596
3,727,960
FNMA
4.00
3-1-2047
 
968,940
899,949
FNMA
4.00
9-1-2048
 
69,867
64,504
FNMA
4.00
10-1-2052
 
2,841,554
2,581,144
FNMA
4.38
7-1-2032
 
1,031,000
986,271
FNMA
4.50
1-1-2026
 
2,213
2,185
FNMA
4.50
10-1-2046
 
83,515
80,001
FNMA
4.50
9-1-2049
 
682,931
648,056
FNMA
4.50
9-1-2052
 
10,428,738
9,780,525
FNMA
4.50
11-1-2052
 
2,505,667
2,346,633
FNMA
4.94
10-1-2032
 
1,581,000
1,568,807
FNMA
5.00
3-1-2034
 
148,336
146,447
FNMA
5.00
8-1-2040
 
1,979,492
1,935,775
FNMA
5.00
10-1-2040
 
190,127
187,227
FNMA
5.00
1-1-2042
 
158,900
156,461
FNMA
5.00
12-1-2048
 
192,500
187,695
See accompanying notes to portfolio of investments
Allspring Government Securities Fund | 3
Portfolio of investments—May 31, 2024 (unaudited)
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
FNMA
5.05
%
11-1-2030
$
1,600,000
$1,611,571
FNMA
5.16
10-1-2031
 
2,760,000
2,803,399
FNMA
5.50
1-1-2025
 
69
69
FNMA
5.50
9-1-2033
 
864,167
867,238
FNMA
5.50
8-1-2035
 
240,999
241,855
FNMA
5.50
1-1-2037
 
194,154
194,847
FNMA
5.50
4-1-2040
 
499,470
501,249
FNMA
5.50
2-1-2053
 
5,207,367
5,136,752
FNMA
6.00
1-1-2028
 
172,292
172,538
FNMA
6.00
2-1-2035
 
322,854
323,107
FNMA
6.00
11-1-2037
 
131,651
134,409
FNMA
6.00
7-1-2038
 
55,990
57,263
FNMA
6.50
3-1-2028
 
4,400
4,418
FNMA
6.50
12-1-2029
 
47,923
48,711
FNMA
6.50
11-1-2031
 
9,547
9,704
FNMA
6.50
7-1-2036
 
160,412
165,936
FNMA
7.00
11-1-2026
 
612
628
FNMA
7.00
1-1-2032
 
1,026
1,054
FNMA
7.00
2-1-2032
 
21,657
22,246
FNMA
7.00
10-1-2032
 
71,768
73,720
FNMA
7.00
2-1-2034
 
1,214
1,247
FNMA
7.00
4-1-2034
 
33,265
34,170
FNMA
7.50
9-1-2031
 
26,806
27,219
FNMA
7.50
2-1-2032
 
12,177
12,371
FNMA
7.50
10-1-2037
 
283,050
292,119
FNMA
8.00
6-1-2028
 
75
75
FNMA
8.00
2-1-2030
 
10,557
10,536
FNMA
8.00
7-1-2031
 
149,387
150,885
FNMA
8.50
5-1-2026
 
3,845
3,839
FNMA
8.50
11-1-2026
 
9,788
9,783
FNMA
8.50
12-1-2026
 
27,902
28,192
FNMA
8.50
3-1-2027
 
176
176
FNMA
9.00
3-1-2025
 
309
309
FNMA
9.00
7-1-2028
 
63
63
FNMA
9.50
7-1-2028
 
113
113
FNMA Principal STRIPS¤
0.00
7-15-2037
 
7,810,000
4,056,206
FNMA (1 Year Treasury Constant Maturity+2.19%)±
6.40
12-1-2040
 
42,121
43,174
FNMA (1 Year Treasury Constant Maturity+2.20%)±
6.59
12-1-2034
 
130,319
129,212
FNMA (1 Year Treasury Constant Maturity+2.22%)±
6.34
11-1-2031
 
37,715
37,489
FNMA (1 Year Treasury Constant Maturity+2.22%)±
6.51
9-1-2035
 
80,755
81,936
FNMA (1 Year Treasury Constant Maturity+2.22%)±
7.22
6-1-2032
 
56,394
56,685
FNMA (1 Year Treasury Constant Maturity+2.24%)±
6.07
9-1-2031
 
13,616
13,624
FNMA (1 Year Treasury Constant Maturity+2.25%)±
6.76
12-1-2040
 
13,138
13,087
FNMA (1 Year Treasury Constant Maturity+2.42%)±
6.57
10-1-2027
 
10,024
9,978
FNMA (11th District COFI+1.25%)±
4.49
9-1-2027
 
30,799
30,230
FNMA (11th District COFI+1.26%)±
4.60
5-1-2036
 
109,816
107,488
FNMA (11th District COFI+1.28%)±
4.46
5-1-2036
 
209,572
202,009
FNMA (RFUCCT1Y+1.61%)±
7.31
5-1-2046
 
520,727
531,911
See accompanying notes to portfolio of investments
4 | Allspring Government Securities Fund
Portfolio of investments—May 31, 2024 (unaudited)
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
FNMA (RFUCCT1Y+1.62%)±
2.39
%
8-1-2050
$
1,291,757
$1,144,500
FNMA (RFUCCT1Y+1.73%)±
5.98
9-1-2036
 
148,974
149,598
FNMA (RFUCCT1Y+1.77%)±
6.24
7-1-2044
 
58,589
60,078
FNMA (RFUCCT1Y+1.81%)±
6.03
8-1-2036
 
415,487
428,330
FNMA Series 2000-T6 Class A2
9.50
11-25-2040
 
309,538
310,671
FNMA Series 2001-T10 Class A3
9.50
12-25-2041
 
318,113
326,159
FNMA Series 2001-T12 Class A3
9.50
8-25-2041
 
87,500
90,921
FNMA Series 2002-5 Class F (30 Day Average U.S. SOFR+0.46%)±
5.79
2-25-2032
 
18,420
18,396
FNMA Series 2002-T1 Class A3
7.50
11-25-2031
 
115,543
118,049
FNMA Series 2002-T12 Class A5±±
5.07
10-25-2041
 
421,232
418,758
FNMA Series 2002-T16 Class A1
6.50
7-25-2042
 
772,298
791,593
FNMA Series 2002-T19 Class A1
6.50
7-25-2042
 
1,918,066
1,964,005
FNMA Series 2002-W4 Class A4
6.25
5-25-2042
 
260,052
258,586
FNMA Series 2003-T2 Class A1 (30 Day Average U.S. SOFR+0.39%)±
5.72
3-25-2033
 
624,823
613,312
FNMA Series 2003-W1 Class 1A1±±
4.76
12-25-2042
 
351,038
341,458
FNMA Series 2003-W11 Class A1±±
7.45
6-25-2033
 
24,795
24,925
FNMA Series 2003-W3 Class 1A4±±
4.36
8-25-2042
 
1,104,263
1,024,334
FNMA Series 2003-W5 Class A (1 Month LIBOR+0.11%)±
5.66
4-25-2033
 
177,452
174,455
FNMA Series 2003-W6 Class 6A±±
4.37
8-25-2042
 
429,194
412,226
FNMA Series 2003-W6 Class PT4±±
8.25
10-25-2042
 
612,270
643,061
FNMA Series 2003-W8 Class PT1±±
7.84
12-25-2042
 
220,056
220,087
FNMA Series 2003-W9 Class A (30 Day Average U.S. SOFR+0.23%)±
5.24
6-25-2033
 
41,499
39,656
FNMA Series 2004-T1 Class 1A2
6.50
1-25-2044
 
152,378
152,991
FNMA Series 2004-W1 Class 2A2
7.00
12-25-2033
 
482,243
493,880
FNMA Series 2004-W15 Class 1A3
7.00
8-25-2044
 
240,683
246,564
FNMA Series 2005-71 Class DB
4.50
8-25-2025
 
1,268
1,259
FNMA Series 2006-50 Class BF (30 Day Average U.S. SOFR+0.51%)±
5.84
6-25-2036
 
349,307
345,561
FNMA Series 2007-101 Class A2 (30 Day Average
U.S. SOFR+0.36%)±
4.84
6-27-2036
 
40,618
40,665
FNMA Series 2007-W10 Class 2A±±
6.26
8-25-2047
 
114,231
116,156
FNMA Series 2008-17 Class DP
4.75
2-25-2038
 
396,566
383,983
FNMA Series 2010-136 Class FA (30 Day Average
U.S. SOFR+0.61%)±
5.94
12-25-2040
 
468,320
459,154
FNMA Series 2011-110 Class FE (30 Day Average
U.S. SOFR+0.51%)±
5.84
4-25-2041
 
33,665
33,525
FNMA Series 2011-128 Class FK (30 Day Average
U.S. SOFR+0.46%)±
5.79
7-25-2041
 
71,245
70,806
FNMA Series 2013-114 Class LM
4.00
3-25-2042
 
629,423
593,631
FNMA Series 2014-17 Class FE (30 Day Average U.S. SOFR+0.66%)±
5.99
4-25-2044
 
926,284
908,439
FNMA Series 2014-20 Class TM±±
4.50
4-25-2044
 
269,444
44,988
FNMA Series 2017-M2 Class A2±±
2.82
2-25-2027
 
5,969,720
5,654,408
FNMA Series 2018-M1 Class A2±±
2.99
12-25-2027
 
592,109
555,251
FNMA Series 2018-M13 Class A2±±
3.74
9-25-2030
 
354,020
333,307
FNMA Series 2019-M5 Class A2
3.27
2-25-2029
 
5,046,741
4,704,755
GNMA
2.00
3-20-2052
 
9,418,439
7,556,530
GNMA
2.50
3-20-2052
 
4,419,875
3,684,960
GNMA
2.50
4-20-2052
 
10,321,402
8,605,187
GNMA
2.50
9-20-2051
 
1,464,845
1,221,257
See accompanying notes to portfolio of investments
Allspring Government Securities Fund | 5
Portfolio of investments—May 31, 2024 (unaudited)
 
 
 
Interest
rate
Maturity
date
Principal
Value
Agency securities(continued)
 
GNMA
3.00
%
11-20-2045
$
2,619,507
$2,304,763
GNMA
3.00
4-20-2051
 
3,953,763
3,425,398
GNMA
3.00
5-20-2052
 
2,567,016
2,217,807
GNMA
3.50
12-20-2047
 
2,344,334
2,113,961
GNMA
3.50
7-20-2051
 
1,960,414
1,757,518
GNMA
4.00
11-15-2024
 
33,655
33,499
GNMA
4.00
12-20-2047
 
1,598,220
1,490,121
GNMA
4.25
6-20-2036
 
170,912
160,618
GNMA
4.50
8-20-2049
 
354,666
337,955
GNMA
4.50
7-20-2052
 
2,418,207
2,288,998
GNMA
4.50
9-20-2052
 
1,044,145
987,924
GNMA
4.50
3-20-2053
 
2,810,776
2,658,765
GNMA
5.00
7-20-2040
 
354,310
352,846
GNMA
5.00
9-20-2052
 
1,906,322
1,851,912
GNMA
5.00
6-20-2053
 
2,802,622
2,721,134
GNMA
5.50
4-20-2053
 
2,688,881
2,668,880
GNMA
6.00
8-20-2034
 
21,231
21,002
GNMA%%
6.00
6-15-2054
 
8,865,000
8,919,277
GNMA
6.50
12-15-2025
 
1,539
1,564
GNMA
6.50
5-15-2029
 
96
98
GNMA
6.50
5-15-2031
 
479
493
GNMA
6.50
9-20-2033
 
16,630
16,895
GNMA%%
6.50
6-15-2054
 
1,250,000
1,268,815
GNMA
7.00
5-15-2026
 
284
285
GNMA
7.00
3-15-2028
 
1,278
1,274
GNMA
7.00
4-15-2031
 
351
349
GNMA
7.00
8-15-2031
 
13,037
13,046
GNMA
7.00
3-15-2032
 
9,976
9,970
GNMA Series 2005-23 Class IOƒ±±
0.00
6-17-2045
 
518,067
1
GNMA Series 2006-32 Class XMƒ±±
0.13
11-16-2045
 
2,067,353
21
GNMA Series 2008-22 Class XMƒ±±
1.31
2-16-2050
 
3,784,034
47,070
GNMA Series 2010-158 Class EIƒ
4.00
12-16-2025
 
319,616
4,048
GNMA Series 2012-H12 Class HD
2.00
5-20-2062
 
17,570
15,942
GNMA Series 2018-H01 Class BF (U.S. SOFR 1 Month+0.51%)±
5.84
1-20-2068
 
1,830,622
1,825,097
GNMA Series 2019-H06 Class HIƒ±±
1.82
4-20-2069
 
2,131,554
39,234
Resolution Funding Corp. Principal STRIPS¤
0.00
1-15-2030
 
16,245,000
12,396,563
Resolution Funding Corp. Principal STRIPS¤
0.00
4-15-2030
 
9,185,000
6,917,933
TVA Principal STRIPS¤
0.00
11-1-2025
 
5,650,000
5,269,155
TVA Principal STRIPS¤
0.00
6-15-2035
 
2,448,000
1,384,753
TVA Principal STRIPS¤
0.00
1-15-2048
 
1,000,000
284,592
U.S. International Development Finance Corp. Series AA-1¤
0.00
1-17-2026
 
2,000,000
2,107,481
Total agency securities (Cost $364,922,286)
 
334,314,135
See accompanying notes to portfolio of investments
6 | Allspring Government Securities Fund
Portfolio of investments—May 31, 2024 (unaudited)
 
 
 
Interest
rate
Maturity
date
Principal
Value
Asset-backed securities:  0.66%
 
FirstKey Homes Trust Series 2021-SFR1 Class A144A
1.54
%
8-17-2038
$
1,202,250
$1,101,572
Navient Student Loan Trust Series 2019-2A Class A2 (30 Day Average
U.S. SOFR+1.11%)144A±
6.44
2-27-2068
 
1,996,596
1,997,399
Total asset-backed securities (Cost $3,196,368)
 
3,098,971
Corporate bonds and notes:  4.34%
 
Consumer, non-cyclical:  0.53%
 
Commercial services:  0.53%
 
Rockefeller Foundation Series 2020
2.49
10-1-2050
 
4,000,000
2,467,335
Financial:  2.86%
 
Diversified financial services:  2.06%
 
Private Export Funding Corp.144A
0.55
7-30-2024
 
9,715,000
9,640,391
REITS:  0.80%
 
American Tower Trust #1144A
3.65
3-23-2028
 
4,000,000
3,752,469
Government securities:  0.53%
 
Multi-national:  0.53%
 
Inter-American Development Bank
7.00
6-15-2025
 
2,000,000
2,032,796
International Bank for Reconstruction & Development Series C¤
0.00
3-11-2031
 
615,000
440,673
 
 
2,473,469
Industrial:  0.42%
 
Engineering & construction:  0.42%
 
GTP Acquisition Partners I LLC Series 2015-2 Class A144A
3.48
6-16-2025
 
2,000,000
1,949,994
Total corporate bonds and notes (Cost $22,467,614)
 
20,283,658
Non-agency mortgage-backed securities:  4.93%
 
Angel Oak Mortgage Trust Series 2020-4 Class A1144A±±
1.47
6-25-2065
 
444,835
412,635
Arroyo Mortgage Trust Series 2019-1 Class A1144A±±
3.81
1-25-2049
 
884,556
835,404
Benchmark Mortgage Trust Series 2018-B1 Class A4
3.40
1-15-2051
 
199,190
191,301
Benchmark Mortgage Trust Series 2019-B9 Class A5
4.02
3-15-2052
 
784,571
725,439
BRAVO Residential Funding Trust Series 2020-RPL1 Class A1144A±±
2.50
5-26-2059
 
1,294,084
1,238,374
BX Trust Series 2019-OC11 Class A144A
3.20
12-9-2041
 
3,030,000
2,676,339
CD Mortgage Trust Series 2017-CD6 Class A5
3.46
11-13-2050
 
2,340,000
2,175,043
GCAT Trust Series 2022-HX1 Class A1144A±±
2.89
12-27-2066
 
747,318
674,085
GS Mortgage Securities Trust Series 2014-GC24 Class A4
3.67
9-10-2047
 
829,008
826,580
JPMBB Commercial Mortgage Securities Trust Series 2015-C28
Class A4
3.23
10-15-2048
 
5,000,000
4,895,203
Legacy Mortgage Asset Trust Series 2020-RPL1 Class A1144A±±
3.00
9-25-2059
 
1,968,327
1,841,066
New Residential Mortgage Loan Trust Series 2020-NQM2
Class A1144A±±
1.65
5-24-2060
 
286,824
270,134
Starwood Mortgage Residential Trust Series 2021-6 Class A1144A±±
1.92
11-25-2066
 
3,479,578
2,945,085
Towd Point Mortgage Trust Series 2015-2 Class 1M2144A±±
3.71
11-25-2060
 
638,723
632,578
UBS Commercial Mortgage Trust Series 2017-C5 Class A5
3.47
11-15-2050
 
2,581,000
2,366,022
Vendee Mortgage Trust Series 1995-1 Class 4±±
8.72
2-15-2025
 
4,947
4,961
See accompanying notes to portfolio of investments
Allspring Government Securities Fund | 7
Portfolio of investments—May 31, 2024 (unaudited)
 
 
 
Interest
rate
Maturity
date
Principal
Value
Non-agency mortgage-backed securities(continued)
 
Vendee Mortgage Trust Series 1995-2C Class 3A
8.79
%
6-15-2025
$
18,111
$18,311
Verus Securitization Trust Series 2021-R3 Class A1144A±±
1.02
4-25-2064
 
345,444
308,189
Total non-agency mortgage-backed securities (Cost $25,007,135)
 
23,036,749
U.S. Treasury securities:  18.90%
 
U.S. Treasury Bonds
3.63
2-15-2044
 
2,030,000
1,739,694
U.S. Treasury Bonds
4.25
2-15-2054
 
8,335,000
7,817,970
U.S. Treasury Bonds
4.38
8-15-2043
 
5,440,000
5,194,988
U.S. Treasury Bonds
4.63
5-15-2054
 
610,000
609,238
U.S. Treasury Bonds
4.75
11-15-2043
 
1,475,000
1,478,688
U.S. Treasury Bonds
4.75
11-15-2053
 
4,310,000
4,390,812
U.S. Treasury Notes
2.75
4-30-2027
 
7,380,000
6,995,721
U.S. Treasury Notes
4.00
2-15-2034
 
870,000
836,423
U.S. Treasury Notes
4.25
1-31-2026
 
32,810,000
32,433,197
U.S. Treasury Notes
4.63
4-30-2031
 
3,170,000
3,193,280
U.S. Treasury Notes##
4.63
5-31-2031
 
3,160,000
3,184,194
U.S. Treasury Notes
5.00
9-30-2025
 
13,040,000
13,025,228
U.S. Treasury Principal STRIPS¤
0.00
5-15-2039
 
7,980,000
4,085,959
U.S. Treasury STRIPS¤
0.00
5-15-2040
 
7,275,000
3,371,224
Total U.S. Treasury securities (Cost $93,019,167)
 
88,356,616
 
 
 
Yield
 
Shares
 
Short-term investments:  1.65%
 
Investment companies:  1.65%
 
Allspring Government Money Market Fund Select Class♠∞##
5.24
 
7,692,661
7,692,661
Total short-term investments (Cost $7,692,661)
 
7,692,661
Total investments in securities (Cost $516,305,231)
101.99
%
 
476,782,790
Other assets and liabilities, net
(1.99
)
 
(9,297,332
)
Total net assets
100.00
%
 
$467,485,458
 
±
Variable rate investment. The rate shown is the rate in effect at period end.
¤
The security is issued in zero coupon form with no periodic interest payments.
±±
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 purchased on a when-issued basis.
ƒ
Investment in an interest-only security that entitles holders to receive only the interest payments on the underlying mortgages. The principal amount shown is the
notional amount of the underlying mortgages. The rate represents the coupon rate.
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.
##
All or a portion of this security is segregated as collateral for when-issued securities.
♠
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.
 
See accompanying notes to portfolio of investments
8 | Allspring Government Securities Fund
Portfolio of investments—May 31, 2024 (unaudited)
 
Abbreviations:
COFI
Cost of Funds Index
FHLMC
Federal Home Loan Mortgage Corporation
FNMA
Federal National Mortgage Association
GNMA
Government National Mortgage Association
LIBOR
London Interbank Offered Rate
REIT
Real estate investment trust
RFUCCT1Y
Refinitiv USD IBOR Consumer Cash Fallbacks Term 1-year
SOFR
Secured Overnight Financing Rate
STRIPS
Separate trading of registered interest and principal securities
TVA
Tennessee Valley Authority
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
$24,023,931
$266,564,361
$(282,895,631
)
$0
$0
$7,692,661
7,692,661
$652,522
Futures contracts 
Description
Number of
contracts
Expiration
date
Notional
cost
Notional
value
Unrealized
gains
Unrealized
losses
Long
Ultra Long Term U.S. Treasury Bond
36
9-19-2024
$4,488,457
$4,407,750
$0
$(80,707
)
2-Year U.S. Treasury Notes
114
9-30-2024
23,244,904
23,222,157
0
(22,747
)
5-Year U.S. Treasury Notes
440
9-30-2024
46,699,141
46,550,625
0
(148,516
)
Short
Ultra 10-Year U.S. Treasury Notes
(31
)
9-19-2024
(3,480,666
)
(3,472,969
)
7,697
0
 
$7,697
$(251,970
)
See accompanying notes to portfolio of investments
Allspring Government Securities Fund | 9
Notes to portfolio of investments—May 31, 2024 (unaudited)
Notes to portfolio of investments
Securities valuation
All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Fund may deviate from this calculation time under unusual or unexpected circumstances.
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.
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). 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.  
Mortgage dollar roll transactions
The Fund may engage in mortgage dollar roll transactions through 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.
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
10 | Allspring Government Securities Fund
Notes to portfolio of investments—May 31, 2024 (unaudited)
active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Fund’s investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement.  The inputs are summarized into three broad levels as follows:
•Level 1 – quoted prices in active markets for identical securities
•Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
•Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used in valuing the Fund’s assets and liabilities as of May 31, 2024: 
 
Quoted prices
(Level 1)
Other significant
observable inputs
(Level 2)
Significant
unobservable inputs
(Level 3)
Total
Assets
Investments in:
Agency securities
$0
$334,314,135
$0
$334,314,135
Asset-backed securities
0
3,098,971
0
3,098,971
Corporate bonds and notes
0
20,283,658
0
20,283,658
Non-agency mortgage-backed securities
0
23,036,749
0
23,036,749
U.S. Treasury securities
80,899,433
7,457,183
0
88,356,616
Short-term investments
Investment companies
7,692,661
0
0
7,692,661
 
88,592,094
388,190,696
0
476,782,790
Futures contracts
7,697
0
0
7,697
Total assets
$88,599,791
$388,190,696
$0
$476,790,487
Liabilities
Futures contracts
$251,970
$0
$0
$251,970
Total liabilities
$251,970
$0
$0
$251,970
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.
Additional sector, industry or geographic detail, if any, is included in the Portfolio of Investments.
As of May 31, 2024, $2,666,000 was segregated as cash collateral for these open futures contracts.
At May 31, 2024, the Fund did not have any transfers into/out of Level 3.
Allspring Government Securities Fund | 11