NPORT-EX 2 NPORT_WBCM_50944031_0923.htm EDGAR HTML
Portfolio of investments—September 30, 2023 (unaudited)
Portfolio of investments 
 
 
 
 
 
Shares
Value
Common stocks:  59.29%
 
Communication services:  5.26%
 
Diversified telecommunication services:  0.40%
 
AT&T, Inc.
 
7,327
$110,051
Verizon Communications, Inc.
 
4,309
139,655
 
 
249,706
Entertainment:  0.78%
 
Activision Blizzard, Inc.
 
733
68,631
Electronic Arts, Inc.
 
253
30,461
Live Nation Entertainment, Inc.†
 
145
12,041
Netflix, Inc.†
 
454
171,430
Take-Two Interactive Software, Inc.†
 
162
22,743
Walt Disney Co.†
 
1,875
151,969
Warner Bros Discovery, Inc.†
 
2,273
24,685
 
 
481,960
Interactive media & services:  3.50%
 
Alphabet, Inc. Class A†
 
6,081
795,760
Alphabet, Inc. Class C†
 
5,173
682,060
Match Group, Inc.†
 
285
11,165
Meta Platforms, Inc. Class A†
 
2,278
683,878
 
 
2,172,863
Media:  0.46%
 
Charter Communications, Inc. Class A†
 
104
45,741
Comcast Corp. Class A
 
4,218
187,026
Fox Corp. Class A
 
260
8,112
Fox Corp. Class B
 
135
3,899
Interpublic Group of Cos., Inc.
 
395
11,321
News Corp. Class A
 
390
7,823
News Corp. Class B
 
118
2,463
Omnicom Group, Inc.
 
202
15,045
Paramount Global Class B
 
494
6,372
 
 
287,802
Wireless telecommunication services:  0.12%
 
T-Mobile U.S., Inc.†
 
531
74,367
Consumer discretionary:  6.33%
 
Automobile components:  0.06%
 
Aptiv PLC†
 
290
28,591
BorgWarner, Inc.
 
241
9,729
 
 
38,320
Automobiles:  1.30%
 
Ford Motor Co.
 
4,029
50,040
General Motors Co.
 
1,410
46,488
Tesla, Inc.†
 
2,830
708,123
 
 
804,651
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 1
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Broadline retail:  1.96%
 
Amazon.com, Inc.†
 
9,306
$1,182,979
eBay, Inc.
 
545
24,029
Etsy, Inc.†
 
126
8,137
 
 
1,215,145
Distributors:  0.08%
 
Genuine Parts Co.
 
144
20,790
LKQ Corp.
 
274
13,566
Pool Corp.
 
40
14,244
 
 
48,600
Hotels, restaurants & leisure:  1.27%
 
Airbnb, Inc. Class A†
 
437
59,961
Booking Holdings, Inc.†
 
37
114,106
Caesars Entertainment, Inc.†
 
221
10,243
Carnival Corp.†
 
1,032
14,159
Chipotle Mexican Grill, Inc. Class A†
 
28
51,291
Darden Restaurants, Inc.
 
124
17,759
Domino’s Pizza, Inc.
 
36
13,636
Expedia Group, Inc.†
 
141
14,533
Hilton Worldwide Holdings, Inc.
 
268
40,248
Las Vegas Sands Corp.
 
337
15,448
Marriott International, Inc. Class A
 
257
50,516
McDonald’s Corp.
 
747
196,790
MGM Resorts International†
 
288
10,587
Norwegian Cruise Line Holdings Ltd.†
 
436
7,185
Royal Caribbean Cruises Ltd.†
 
242
22,298
Starbucks Corp.
 
1,174
107,151
Wynn Resorts Ltd.
 
99
9,149
Yum! Brands, Inc.
 
287
35,858
 
 
790,918
Household durables:  0.20%
 
D.R. Horton, Inc.
 
312
33,531
Garmin Ltd.
 
157
16,516
Lennar Corp. Class A
 
259
29,068
Mohawk Industries, Inc.†
 
54
4,634
NVR, Inc.†
 
3
17,890
PulteGroup, Inc.
 
225
16,661
Whirlpool Corp.
 
56
7,487
 
 
125,787
Leisure products:  0.01%
 
Hasbro, Inc.
 
134
8,863
Specialty retail:  1.23%
 
AutoZone, Inc.†
 
19
48,260
Bath & Body Works, Inc.
 
235
7,943
Best Buy Co., Inc.
 
199
13,824
See accompanying notes to portfolio of investments
2 | Allspring VT Index Asset Allocation Fund 
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Specialty retail(continued)
 
CarMax, Inc.†
 
162
$11,458
Home Depot, Inc.
 
1,030
311,225
Lowe’s Cos., Inc.
 
601
124,912
O’Reilly Automotive, Inc.†
 
62
56,349
Ross Stores, Inc.
 
349
39,419
TJX Cos., Inc.
 
1,178
104,701
Tractor Supply Co.
 
112
22,742
Ulta Beauty, Inc.†
 
51
20,372
 
 
761,205
Textiles, apparel & luxury goods:  0.22%
 
NIKE, Inc. Class B
 
1,256
120,099
Ralph Lauren Corp.
 
41
4,760
Tapestry, Inc.
 
238
6,842
VF Corp.
 
339
5,990
 
 
137,691
Consumer staples:  3.89%
 
Beverages:  0.96%
 
Brown-Forman Corp. Class B
 
188
10,846
Coca-Cola Co.
 
3,989
223,304
Constellation Brands, Inc. Class A
 
165
41,469
Keurig Dr Pepper, Inc.
 
1,031
32,549
Molson Coors Beverage Co. Class B
 
190
12,082
Monster Beverage Corp.†
 
762
40,348
PepsiCo, Inc.
 
1,411
239,080
 
 
599,678
Consumer staples distribution & retail:  1.08%
 
Costco Wholesale Corp.
 
454
256,492
Dollar General Corp.
 
225
23,805
Dollar Tree, Inc.†
 
215
22,887
Kroger Co.
 
677
30,296
Sysco Corp.
 
518
34,214
Target Corp.
 
473
52,300
Walgreens Boots Alliance, Inc.
 
734
16,324
Walmart, Inc.
 
1,463
233,977
 
 
670,295
Food products:  0.58%
 
Archer-Daniels-Midland Co.
 
549
41,406
Bunge Ltd.
 
154
16,670
Campbell Soup Co.
 
202
8,298
Conagra Brands, Inc.
 
490
13,436
General Mills, Inc.
 
600
38,394
Hershey Co.
 
154
30,812
Hormel Foods Corp.
 
297
11,295
J M Smucker Co.
 
105
12,906
Kellogg Co.
 
270
16,068
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 3
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Food products(continued)
 
Kraft Heinz Co.
 
818
$27,517
Lamb Weston Holdings, Inc.
 
149
13,776
McCormick & Co., Inc.
 
257
19,439
Mondelez International, Inc. Class A
 
1,394
96,744
Tyson Foods, Inc. Class A
 
293
14,794
 
 
361,555
Household products:  0.80%
 
Church & Dwight Co., Inc.
 
252
23,091
Clorox Co.
 
127
16,644
Colgate-Palmolive Co.
 
847
60,230
Kimberly-Clark Corp.
 
347
41,935
Procter & Gamble Co.
 
2,416
352,398
 
 
494,298
Personal care products:  0.11%
 
Estee Lauder Cos., Inc. Class A
 
238
34,403
Kenvue, Inc.
 
1,766
35,461
 
 
69,864
Tobacco:  0.36%
 
Altria Group, Inc.
 
1,819
76,489
Philip Morris International, Inc.
 
1,591
147,295
 
 
223,784
Energy:  2.80%
 
Energy equipment & services:  0.26%
 
Baker Hughes Co.
 
1,035
36,556
Halliburton Co.
 
921
37,301
Schlumberger NV
 
1,457
84,943
 
 
158,800
Oil, gas & consumable fuels:  2.54%
 
APA Corp.
 
315
12,947
Chevron Corp.
 
1,818
306,551
ConocoPhillips
 
1,227
146,995
Coterra Energy, Inc.
 
776
20,991
Devon Energy Corp.
 
657
31,339
Diamondback Energy, Inc.
 
183
28,343
EOG Resources, Inc.
 
597
75,676
EQT Corp.
 
371
15,055
Exxon Mobil Corp.
 
4,103
482,431
Hess Corp.
 
283
43,299
Kinder Morgan, Inc.
 
1,987
32,944
Marathon Oil Corp.
 
621
16,612
Marathon Petroleum Corp.
 
410
62,049
Occidental Petroleum Corp.
 
680
44,118
ONEOK, Inc.
 
597
37,868
Phillips 66
 
456
54,788
See accompanying notes to portfolio of investments
4 | Allspring VT Index Asset Allocation Fund 
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Oil, gas & consumable fuels(continued)
 
Pioneer Natural Resources Co.
 
239
$54,862
Targa Resources Corp.
 
229
19,630
Valero Energy Corp.
 
362
51,299
Williams Cos., Inc.
 
1,247
42,011
 
 
1,579,808
Financials:  7.60%
 
Banks:  1.78%
 
Bank of America Corp.
 
7,085
193,987
Citigroup, Inc.
 
1,974
81,191
Citizens Financial Group, Inc.
 
484
12,971
Comerica, Inc.
 
135
5,609
Fifth Third Bancorp
 
698
17,680
Huntington Bancshares, Inc.
 
1,484
15,434
JPMorgan Chase & Co.
 
2,978
431,870
KeyCorp
 
959
10,319
M&T Bank Corp.
 
170
21,496
PNC Financial Services Group, Inc.
 
408
50,090
Regions Financial Corp.
 
962
16,546
Truist Financial Corp.
 
1,365
39,053
U.S. Bancorp
 
1,596
52,764
Wells Fargo & Co.
 
3,750
153,225
Zions Bancorp NA
 
152
5,303
 
 
1,107,538
Capital markets:  1.69%
 
Ameriprise Financial, Inc.
 
105
34,616
Bank of New York Mellon Corp.
 
798
34,035
BlackRock, Inc.
 
144
93,094
Blackstone, Inc.
 
727
77,891
Cboe Global Markets, Inc.
 
108
16,871
Charles Schwab Corp.
 
1,524
83,668
CME Group, Inc.
 
369
73,881
FactSet Research Systems, Inc.
 
39
17,053
Franklin Resources, Inc.
 
291
7,153
Goldman Sachs Group, Inc.
 
338
109,367
Intercontinental Exchange, Inc.
 
587
64,582
Invesco Ltd.
 
460
6,679
MarketAxess Holdings, Inc.
 
39
8,332
Moody’s Corp.
 
162
51,219
Morgan Stanley
 
1,308
106,824
MSCI, Inc. Class A
 
81
41,559
Nasdaq, Inc.
 
347
16,861
Northern Trust Corp.
 
212
14,730
Raymond James Financial, Inc.
 
193
19,383
S&P Global, Inc.
 
334
122,047
State Street Corp.
 
327
21,896
T Rowe Price Group, Inc.
 
230
24,120
 
 
1,045,861
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 5
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Consumer finance:  0.26%
 
American Express Co.
 
596
$88,917
Capital One Financial Corp.
 
391
37,947
Discover Financial Services
 
256
22,177
Synchrony Financial
 
429
13,115
 
 
162,156
Financial services:  2.58%
 
Berkshire Hathaway, Inc. Class B†
 
1,869
654,711
Fidelity National Information Services, Inc.
 
607
33,549
Fiserv, Inc.†
 
625
70,600
FleetCor Technologies, Inc.†
 
76
19,406
Global Payments, Inc.
 
266
30,694
Jack Henry & Associates, Inc.
 
75
11,336
Mastercard, Inc. Class A
 
853
337,711
PayPal Holdings, Inc.†
 
1,125
65,767
Visa, Inc. Class A
 
1,647
378,826
 
 
1,602,600
Insurance:  1.29%
 
Aflac, Inc.
 
554
42,519
Allstate Corp.
 
268
29,858
American International Group, Inc.
 
730
44,238
Aon PLC Class A
 
208
67,438
Arch Capital Group Ltd.†
 
382
30,449
Arthur J Gallagher & Co.
 
221
50,373
Assurant, Inc.
 
54
7,753
Brown & Brown, Inc.
 
241
16,831
Chubb Ltd.
 
421
87,644
Cincinnati Financial Corp.
 
161
16,469
Everest Group Ltd.
 
44
16,353
Globe Life, Inc.
 
89
9,677
Hartford Financial Services Group, Inc.
 
313
22,195
Loews Corp.
 
190
12,029
Marsh & McLennan Cos., Inc.
 
506
96,292
MetLife, Inc.
 
647
40,703
Principal Financial Group, Inc.
 
228
16,432
Progressive Corp.
 
600
83,580
Prudential Financial, Inc.
 
372
35,299
Travelers Cos., Inc.
 
235
38,378
W R Berkley Corp.
 
209
13,269
Willis Towers Watson PLC
 
107
22,359
 
 
800,138
Health care:  7.92%
 
Biotechnology:  1.25%
 
AbbVie, Inc.
 
1,809
269,650
Amgen, Inc.
 
548
147,281
Biogen, Inc.†
 
148
38,037
Gilead Sciences, Inc.
 
1,277
95,698
See accompanying notes to portfolio of investments
6 | Allspring VT Index Asset Allocation Fund 
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Biotechnology(continued)
 
Incyte Corp.†
 
191
$11,034
Moderna, Inc.†
 
339
35,015
Regeneron Pharmaceuticals, Inc.†
 
109
89,703
Vertex Pharmaceuticals, Inc.†
 
265
92,151
 
 
778,569
Health care equipment & supplies:  1.53%
 
Abbott Laboratories
 
1,779
172,296
Align Technology, Inc.†
 
73
22,288
Baxter International, Inc.
 
519
19,587
Becton Dickinson & Co.
 
297
76,783
Boston Scientific Corp.†
 
1,501
79,253
Cooper Cos., Inc.
 
51
16,219
Dentsply Sirona, Inc.
 
217
7,413
DexCom, Inc.†
 
398
37,133
Edwards Lifesciences Corp.†
 
623
43,162
GE HealthCare Technologies, Inc.
 
401
27,284
Hologic, Inc.†
 
251
17,419
IDEXX Laboratories, Inc.†
 
85
37,168
Insulet Corp.†
 
72
11,483
Intuitive Surgical, Inc.†
 
360
105,224
Medtronic PLC
 
1,364
106,883
ResMed, Inc.
 
151
22,328
STERIS PLC
 
101
22,162
Stryker Corp.
 
346
94,552
Teleflex, Inc.
 
48
9,428
Zimmer Biomet Holdings, Inc.
 
214
24,015
 
 
952,080
Health care providers & services:  1.78%
 
Cardinal Health, Inc.
 
261
22,660
Cencora, Inc.
 
171
30,775
Centene Corp.†
 
555
38,228
Cigna Group
 
303
86,679
CVS Health Corp.
 
1,316
91,883
DaVita, Inc.†
 
55
5,199
Elevance Health, Inc.
 
242
105,372
HCA Healthcare, Inc.
 
206
50,672
Henry Schein, Inc.†
 
134
9,950
Humana, Inc.
 
127
61,788
Laboratory Corp. of America Holdings
 
91
18,296
McKesson Corp.
 
138
60,009
Molina Healthcare, Inc.†
 
60
19,673
Quest Diagnostics, Inc.
 
115
14,014
UnitedHealth Group, Inc.
 
949
478,476
Universal Health Services, Inc. Class B
 
64
8,047
 
 
1,101,721
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 7
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Life sciences tools & services:  0.92%
 
Agilent Technologies, Inc.
 
303
$33,882
Bio-Rad Laboratories, Inc. Class A†
 
21
7,527
Bio-Techne Corp.
 
161
10,959
Charles River Laboratories International, Inc.†
 
53
10,387
Danaher Corp.
 
673
166,971
Illumina, Inc.†
 
162
22,239
IQVIA Holdings, Inc.†
 
188
36,989
Mettler-Toledo International, Inc.†
 
22
24,378
Revvity, Inc.
 
127
14,059
Thermo Fisher Scientific, Inc.
 
396
200,443
Waters Corp.†
 
61
16,727
West Pharmaceutical Services, Inc.
 
76
28,516
 
 
573,077
Pharmaceuticals:  2.44%
 
Bristol-Myers Squibb Co.
 
2,141
124,264
Catalent, Inc.†
 
185
8,423
Eli Lilly & Co.
 
817
438,835
Johnson & Johnson
 
2,468
384,391
Merck & Co., Inc.
 
2,601
267,773
Organon & Co.
 
262
4,548
Pfizer, Inc.
 
5,787
191,955
Viatris, Inc.
 
1,229
12,118
Zoetis, Inc.
 
472
82,119
 
 
1,514,426
Industrials:  4.92%
 
Aerospace & defense:  0.91%
 
Axon Enterprise, Inc.†
 
72
14,327
Boeing Co.†
 
581
111,366
General Dynamics Corp.
 
232
51,265
Howmet Aerospace, Inc.
 
401
18,546
Huntington Ingalls Industries, Inc.
 
41
8,388
L3Harris Technologies, Inc.
 
194
33,779
Lockheed Martin Corp.
 
230
94,061
Northrop Grumman Corp.
 
146
64,268
RTX Corp.
 
1,492
107,379
Textron, Inc.
 
203
15,863
TransDigm Group, Inc.†
 
57
48,058
 
 
567,300
Air freight & logistics:  0.33%
 
CH Robinson Worldwide, Inc.
 
119
10,249
Expeditors International of Washington, Inc.
 
152
17,424
FedEx Corp.
 
237
62,786
United Parcel Service, Inc. Class B
 
741
115,500
 
 
205,959
See accompanying notes to portfolio of investments
8 | Allspring VT Index Asset Allocation Fund 
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Building products:  0.26%
 
A O Smith Corp.
 
128
$8,465
Allegion PLC
 
90
9,378
Carrier Global Corp.
 
858
47,362
Johnson Controls International PLC
 
697
37,087
Masco Corp.
 
231
12,347
Trane Technologies PLC
 
234
47,481
 
 
162,120
Commercial services & supplies:  0.29%
 
Cintas Corp.
 
89
42,810
Copart, Inc.†
 
891
38,393
Republic Services, Inc.
 
211
30,070
Rollins, Inc.
 
288
10,751
Waste Management, Inc.
 
378
57,622
 
 
179,646
Construction & engineering:  0.05%
 
Quanta Services, Inc.
 
149
27,873
Electrical equipment:  0.35%
 
AMETEK, Inc.
 
236
34,871
Eaton Corp. PLC
 
409
87,232
Emerson Electric Co.
 
586
56,590
Generac Holdings, Inc.†
 
64
6,973
Rockwell Automation, Inc.
 
118
33,733
 
 
219,399
Ground transportation:  0.47%
 
CSX Corp.
 
2,056
63,222
JB Hunt Transport Services, Inc.
 
84
15,835
Norfolk Southern Corp.
 
233
45,885
Old Dominion Freight Line, Inc.
 
92
37,641
Union Pacific Corp.
 
625
127,269
 
 
289,852
Industrial conglomerates:  0.49%
 
3M Co.
 
566
52,989
General Electric Co.
 
1,115
123,263
Honeywell International, Inc.
 
680
125,623
 
 
301,875
Machinery:  1.06%
 
Caterpillar, Inc.
 
523
142,779
Cummins, Inc.
 
145
33,127
Deere & Co.
 
279
105,289
Dover Corp.
 
143
19,950
Fortive Corp.
 
361
26,772
IDEX Corp.
 
77
16,018
Illinois Tool Works, Inc.
 
282
64,947
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 9
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Machinery(continued)
 
Ingersoll Rand, Inc.
 
414
$26,380
Nordson Corp.
 
55
12,274
Otis Worldwide Corp.
 
422
33,891
PACCAR, Inc.
 
536
45,571
Parker-Hannifin Corp.
 
131
51,027
Pentair PLC
 
169
10,943
Snap-on, Inc.
 
54
13,773
Stanley Black & Decker, Inc.
 
157
13,122
Westinghouse Air Brake Technologies Corp.
 
184
19,554
Xylem, Inc.
 
247
22,484
 
 
657,901
Passenger airlines:  0.11%
 
Alaska Air Group, Inc.†
 
130
4,820
American Airlines Group, Inc.†
 
670
8,583
Delta Air Lines, Inc.
 
659
24,383
Southwest Airlines Co.
 
610
16,513
United Airlines Holdings, Inc.†
 
336
14,213
 
 
68,512
Professional services:  0.45%
 
Automatic Data Processing, Inc.
 
422
101,525
Broadridge Financial Solutions, Inc.
 
121
21,665
Ceridian HCM Holding, Inc.†
 
159
10,788
Equifax, Inc.
 
126
23,081
Jacobs Solutions, Inc.
 
129
17,608
Leidos Holdings, Inc.
 
141
12,994
Paychex, Inc.
 
329
37,944
Paycom Software, Inc.
 
50
12,963
Robert Half, Inc.
 
110
8,061
Verisk Analytics, Inc. Class A
 
149
35,200
 
 
281,829
Trading companies & distributors:  0.15%
 
Fastenal Co.
 
586
32,019
United Rentals, Inc.
 
70
31,120
WW Grainger, Inc.
 
46
31,825
 
 
94,964
Information technology:  16.28%
 
Communications equipment:  0.54%
 
Arista Networks, Inc.†
 
257
47,270
Cisco Systems, Inc.
 
4,176
224,502
F5, Inc.†
 
61
9,829
Juniper Networks, Inc.
 
329
9,143
Motorola Solutions, Inc.
 
171
46,553
 
 
337,297
See accompanying notes to portfolio of investments
10 | Allspring VT Index Asset Allocation Fund 
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Electronic equipment, instruments & components:  0.34%
 
Amphenol Corp. Class A
 
611
$51,318
CDW Corp.
 
137
27,641
Corning, Inc.
 
787
23,980
Keysight Technologies, Inc.†
 
183
24,213
TE Connectivity Ltd.
 
322
39,777
Teledyne Technologies, Inc.†
 
48
19,612
Trimble, Inc.†
 
255
13,734
Zebra Technologies Corp. Class A†
 
53
12,536
 
 
212,811
IT services:  0.72%
 
Accenture PLC Class A
 
646
198,393
Akamai Technologies, Inc.†
 
156
16,620
Cognizant Technology Solutions Corp. Class A
 
518
35,089
DXC Technology Co.†
 
210
4,374
EPAM Systems, Inc.†
 
59
15,086
Gartner, Inc.†
 
81
27,833
International Business Machines Corp.
 
934
131,040
VeriSign, Inc.†
 
92
18,633
 
 
447,068
Semiconductors & semiconductor equipment:  4.39%
 
Advanced Micro Devices, Inc.†
 
1,656
170,270
Analog Devices, Inc.
 
514
89,996
Applied Materials, Inc.
 
861
119,205
Broadcom, Inc.
 
423
351,335
Enphase Energy, Inc.†
 
140
16,821
First Solar, Inc.†
 
109
17,613
Intel Corp.
 
4,292
152,581
KLA Corp.
 
140
64,212
Lam Research Corp.
 
137
85,867
Microchip Technology, Inc.
 
558
43,552
Micron Technology, Inc.
 
1,123
76,398
Monolithic Power Systems, Inc.
 
49
22,638
NVIDIA Corp.
 
2,531
1,100,960
NXP Semiconductors NV
 
264
52,779
ON Semiconductor Corp.†
 
442
41,084
Qorvo, Inc.†
 
100
9,547
QUALCOMM, Inc.
 
1,144
127,053
Skyworks Solutions, Inc.
 
163
16,070
SolarEdge Technologies, Inc.†
 
58
7,512
Teradyne, Inc.
 
158
15,873
Texas Instruments, Inc.
 
931
148,038
 
 
2,729,404
Software:  5.99%
 
Adobe, Inc.†
 
467
238,123
ANSYS, Inc.†
 
89
26,482
Autodesk, Inc.†
 
219
45,313
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 11
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Software(continued)
 
Cadence Design Systems, Inc.†
 
279
$65,370
Fair Isaac Corp.†
 
25
21,713
Fortinet, Inc.†
 
668
39,198
Gen Digital, Inc.
 
577
10,201
Intuit, Inc.
 
287
146,640
Microsoft Corp.
 
7,615
2,404,436
Oracle Corp.
 
1,613
170,849
Palo Alto Networks, Inc.†
 
313
73,380
PTC, Inc.†
 
122
17,285
Roper Technologies, Inc.
 
109
52,787
Salesforce, Inc.†
 
998
202,375
ServiceNow, Inc.†
 
209
116,823
Synopsys, Inc.†
 
156
71,599
Tyler Technologies, Inc.†
 
43
16,604
 
 
3,719,178
Technology hardware, storage & peripherals:  4.30%
 
Apple, Inc.
 
15,062
2,578,765
Hewlett Packard Enterprise Co.
 
1,324
22,998
HP, Inc.
 
889
22,847
NetApp, Inc.
 
216
16,390
Seagate Technology Holdings PLC
 
198
13,058
Western Digital Corp.†
 
328
14,967
 
 
2,669,025
Materials:  1.45%
 
Chemicals:  1.00%
 
Air Products & Chemicals, Inc.
 
228
64,615
Albemarle Corp.
 
120
20,405
Celanese Corp.
 
103
12,929
CF Industries Holdings, Inc.
 
198
16,976
Corteva, Inc.
 
727
37,193
Dow, Inc.
 
721
37,175
DuPont de Nemours, Inc.
 
470
35,057
Eastman Chemical Co.
 
122
9,360
Ecolab, Inc.
 
260
44,044
FMC Corp.
 
128
8,572
International Flavors & Fragrances, Inc.
 
262
17,861
Linde PLC
 
500
186,175
LyondellBasell Industries NV Class A
 
262
24,811
Mosaic Co.
 
341
12,140
PPG Industries, Inc.
 
241
31,282
Sherwin-Williams Co.
 
242
61,722
 
 
620,317
Construction materials:  0.08%
 
Martin Marietta Materials, Inc.
 
63
25,860
Vulcan Materials Co.
 
136
27,475
 
 
53,335
See accompanying notes to portfolio of investments
12 | Allspring VT Index Asset Allocation Fund 
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Containers & packaging:  0.14%
 
Amcor PLC
 
1,508
$13,813
Avery Dennison Corp.
 
83
15,162
Ball Corp.
 
323
16,079
International Paper Co.
 
355
12,592
Packaging Corp. of America
 
92
14,127
Sealed Air Corp.
 
148
4,863
Westrock Co.
 
263
9,415
 
 
86,051
Metals & mining:  0.23%
 
Freeport-McMoRan, Inc.
 
1,469
54,779
Newmont Corp.-U.S. Exchange Traded Shares
 
815
30,114
Nucor Corp.
 
255
39,869
Steel Dynamics, Inc.
 
160
17,155
 
 
141,917
Real estate:  1.41%
 
Health care REITs:  0.11%
 
Healthpeak Properties, Inc.
 
561
10,300
Ventas, Inc.
 
412
17,358
Welltower, Inc.
 
532
43,581
 
 
71,239
Hotel & resort REITs:  0.02%
 
Host Hotels & Resorts, Inc.
 
729
11,715
Industrial REITs :  0.17%
 
Prologis, Inc.
 
947
106,263
Office REITs :  0.04%
 
Alexandria Real Estate Equities, Inc.
 
160
16,016
Boston Properties, Inc.
 
148
8,803
 
 
24,819
Real estate management & development:  0.09%
 
CBRE Group, Inc. Class A†
 
318
23,488
CoStar Group, Inc.†
 
419
32,217
 
 
55,705
Residential REITs :  0.19%
 
AvalonBay Communities, Inc.
 
146
25,074
Camden Property Trust
 
109
10,309
Equity Residential
 
354
20,783
Essex Property Trust, Inc.
 
66
13,998
Invitation Homes, Inc.
 
590
18,697
Mid-America Apartment Communities, Inc.
 
120
15,438
UDR, Inc.
 
311
11,094
 
 
115,393
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 13
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Retail REITs :  0.16%
 
Federal Realty Investment Trust
 
75
$6,797
Kimco Realty Corp.
 
635
11,170
Realty Income Corp.
 
726
36,256
Regency Centers Corp.
 
168
9,986
Simon Property Group, Inc.
 
335
36,190
 
 
100,399
Specialized REITs :  0.63%
 
American Tower Corp.
 
478
78,607
Crown Castle, Inc.
 
444
40,861
Digital Realty Trust, Inc.
 
310
37,516
Equinix, Inc.
 
96
69,721
Extra Space Storage, Inc.
 
217
26,383
Iron Mountain, Inc.
 
299
17,776
Public Storage
 
162
42,690
SBA Communications Corp. Class A
 
111
22,219
VICI Properties, Inc. Class A
 
1,039
30,235
Weyerhaeuser Co.
 
749
22,964
 
 
388,972
Utilities:  1.43%
 
Electric utilities:  0.94%
 
Alliant Energy Corp.
 
259
12,549
American Electric Power Co., Inc.
 
528
39,716
Constellation Energy Corp.
 
330
35,996
Duke Energy Corp.
 
790
69,725
Edison International
 
393
24,873
Entergy Corp.
 
217
20,073
Evergy, Inc.
 
235
11,915
Eversource Energy
 
358
20,818
Exelon Corp.
 
1,020
38,546
FirstEnergy Corp.
 
529
18,081
NextEra Energy, Inc.
 
2,074
118,819
NRG Energy, Inc.
 
235
9,052
PG&E Corp.†
 
2,143
34,567
Pinnacle West Capital Corp.
 
116
8,547
PPL Corp.
 
755
17,788
Southern Co.
 
1,118
72,357
Xcel Energy, Inc.
 
565
32,329
 
 
585,751
Gas utilities:  0.02%
 
Atmos Energy Corp.
 
152
16,101
Independent power and renewable electricity producers:  0.02%
 
AES Corp.
 
686
10,427
Multi-utilities:  0.41%
 
Ameren Corp.
 
269
20,129
CenterPoint Energy, Inc.
 
647
17,372
See accompanying notes to portfolio of investments
14 | Allspring VT Index Asset Allocation Fund 
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
 
 
Shares
Value
Multi-utilities(continued)
 
CMS Energy Corp.
 
299
$15,880
Consolidated Edison, Inc.
 
354
30,278
Dominion Energy, Inc.
 
858
38,327
DTE Energy Co.
 
211
20,948
NiSource, Inc.
 
424
10,464
Public Service Enterprise Group, Inc.
 
512
29,138
Sempra
 
645
43,879
WEC Energy Group, Inc.
 
323
26,018
 
 
252,433
Water utilities:  0.04%
 
American Water Works Co., Inc.
 
200
24,766
Total common stocks (Cost $18,857,931)
 
36,831,742
 
 
 
Interest
rate
Maturity
date
Principal
 
U.S. Treasury securities:  37.22%
 
U.S. Treasury Bonds
1.13
%
5-15-2040
$
1,060,000
608,423
U.S. Treasury Bonds
1.25
5-15-2050
 
60,000
28,308
U.S. Treasury Bonds
1.38
11-15-2040
 
87,000
51,490
U.S. Treasury Bonds
1.38
8-15-2050
 
151,000
73,683
U.S. Treasury Bonds
1.63
11-15-2050
 
87,000
45,570
U.S. Treasury Bonds
1.88
2-15-2041
 
208,000
134,176
U.S. Treasury Bonds
1.88
2-15-2051
 
221,000
123,864
U.S. Treasury Bonds
1.88
11-15-2051
 
105,000
58,525
U.S. Treasury Bonds
2.00
8-15-2051
 
629,000
362,953
U.S. Treasury Bonds
2.25
5-15-2041
 
201,000
137,905
U.S. Treasury Bonds
2.25
8-15-2046
 
106,000
67,211
U.S. Treasury Bonds
2.25
8-15-2049
 
108,000
67,230
U.S. Treasury Bonds
2.25
2-15-2052
 
615,000
377,408
U.S. Treasury Bonds
2.38
5-15-2051
 
224,000
142,065
U.S. Treasury Bonds
2.50
2-15-2046
 
106,000
71,136
U.S. Treasury Bonds
2.50
5-15-2046
 
105,000
70,330
U.S. Treasury Bonds
2.75
8-15-2047
 
101,000
70,507
U.S. Treasury Bonds
2.75
11-15-2047
 
100,000
69,734
U.S. Treasury Bonds
2.88
8-15-2045
 
115,000
83,290
U.S. Treasury Bonds
2.88
11-15-2046
 
154,000
110,603
U.S. Treasury Bonds
3.00
11-15-2044
 
114,000
85,086
U.S. Treasury Bonds
3.00
5-15-2045
 
116,000
86,144
U.S. Treasury Bonds
3.00
11-15-2045
 
115,000
85,060
U.S. Treasury Bonds
3.00
2-15-2047
 
106,000
77,835
U.S. Treasury Bonds
3.00
5-15-2047
 
104,000
76,298
U.S. Treasury Bonds
3.00
2-15-2048
 
114,000
83,407
U.S. Treasury Bonds
3.00
8-15-2048
 
121,000
88,453
U.S. Treasury Bonds
3.00
2-15-2049
 
140,000
102,337
U.S. Treasury Bonds
3.13
11-15-2041
 
37,000
29,093
U.S. Treasury Bonds
3.13
8-15-2044
 
115,000
87,867
U.S. Treasury Bonds
3.13
5-15-2048
 
123,000
92,106
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 15
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
Interest
rate
Maturity
date
Principal
Value
U.S. Treasury securities(continued)
 
U.S. Treasury Bonds
3.38
%
5-15-2044
$
110,000
$87,777
U.S. Treasury Bonds
3.38
11-15-2048
 
135,000
105,885
U.S. Treasury Bonds
3.50
2-15-2039
 
29,000
25,052
U.S. Treasury Bonds
3.63
2-15-2044
 
113,000
93,958
U.S. Treasury Bonds
3.75
8-15-2041
 
36,000
31,158
U.S. Treasury Bonds
3.88
8-15-2040
 
37,000
32,852
U.S. Treasury Bonds
4.25
5-15-2039
 
31,000
29,220
U.S. Treasury Bonds
4.25
11-15-2040
 
40,000
37,203
U.S. Treasury Bonds
4.38
2-15-2038
 
133,000
128,870
U.S. Treasury Bonds
4.38
11-15-2039
 
35,000
33,306
U.S. Treasury Bonds
4.38
5-15-2040
 
35,000
33,204
U.S. Treasury Bonds
4.38
5-15-2041
 
33,000
31,112
U.S. Treasury Bonds
4.50
2-15-2036
 
26,000
25,926
U.S. Treasury Bonds
4.50
5-15-2038
 
21,000
20,537
U.S. Treasury Bonds
4.50
8-15-2039
 
33,000
31,961
U.S. Treasury Bonds
4.63
2-15-2040
 
38,000
37,221
U.S. Treasury Bonds
4.75
2-15-2037
 
103,000
104,786
U.S. Treasury Bonds
4.75
2-15-2041
 
44,000
43,517
U.S. Treasury Bonds
5.00
5-15-2037
 
102,000
105,921
U.S. Treasury Bonds
5.25
11-15-2028
 
45,000
46,208
U.S. Treasury Bonds
5.25
2-15-2029
 
33,000
33,902
U.S. Treasury Bonds
5.38
2-15-2031
 
31,000
32,498
U.S. Treasury Bonds
5.50
8-15-2028
 
35,000
36,274
U.S. Treasury Bonds
6.00
2-15-2026
 
1,122,000
1,147,245
U.S. Treasury Bonds
6.13
11-15-2027
 
49,000
51,628
U.S. Treasury Bonds
6.13
8-15-2029
 
25,000
26,874
U.S. Treasury Bonds
6.25
5-15-2030
 
21,000
22,911
U.S. Treasury Bonds
6.38
8-15-2027
 
21,000
22,210
U.S. Treasury Bonds
6.50
11-15-2026
 
28,000
29,354
U.S. Treasury Bonds
6.63
2-15-2027
 
108,000
114,214
U.S. Treasury Bonds
6.75
8-15-2026
 
21,000
22,070
U.S. Treasury Bonds
6.88
8-15-2025
 
1,141,000
1,176,790
U.S. Treasury Bonds
7.63
2-15-2025
 
270,000
278,416
U.S. Treasury Notes
0.25
5-31-2025
 
132,000
121,718
U.S. Treasury Notes
0.25
6-30-2025
 
142,000
130,507
U.S. Treasury Notes
0.25
7-31-2025
 
147,000
134,597
U.S. Treasury Notes
0.25
8-31-2025
 
153,000
139,607
U.S. Treasury Notes
0.25
10-31-2025
 
176,000
159,589
U.S. Treasury Notes
0.38
9-15-2024
 
510,000
485,994
U.S. Treasury Notes
0.38
11-30-2025
 
181,000
163,996
U.S. Treasury Notes
0.38
9-30-2027
 
155,000
130,836
U.S. Treasury Notes
0.50
3-31-2025
 
120,000
111,820
U.S. Treasury Notes
0.50
2-28-2026
 
193,000
173,760
U.S. Treasury Notes
0.50
5-31-2027
 
291,000
250,021
U.S. Treasury Notes
0.50
8-31-2027
 
142,000
120,866
U.S. Treasury Notes
0.50
10-31-2027
 
783,000
662,338
U.S. Treasury Notes
0.63
3-31-2027
 
81,000
70,375
U.S. Treasury Notes
0.63
11-30-2027
 
574,000
486,756
See accompanying notes to portfolio of investments
16 | Allspring VT Index Asset Allocation Fund 
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
Interest
rate
Maturity
date
Principal
Value
U.S. Treasury securities(continued)
 
U.S. Treasury Notes
0.63
%
5-15-2030
$
178,000
$137,748
U.S. Treasury Notes
0.63
8-15-2030
 
222,000
170,376
U.S. Treasury Notes
0.75
4-30-2026
 
194,000
174,759
U.S. Treasury Notes
0.75
5-31-2026
 
194,000
174,229
U.S. Treasury Notes
0.88
11-15-2030
 
132,000
102,692
U.S. Treasury Notes
1.00
7-31-2028
 
315,000
265,720
U.S. Treasury Notes
1.13
2-28-2025
 
118,000
111,381
U.S. Treasury Notes
1.13
2-28-2027
 
127,000
112,717
U.S. Treasury Notes
1.25
4-30-2028
 
25,000
21,523
U.S. Treasury Notes
1.25
9-30-2028
 
785,000
667,158
U.S. Treasury Notes
1.25
8-15-2031
 
351,000
274,342
U.S. Treasury Notes
1.38
1-31-2025
 
105,000
99,701
U.S. Treasury Notes
1.38
8-31-2026
 
95,000
86,194
U.S. Treasury Notes
1.38
10-31-2028
 
1,370,000
1,168,835
U.S. Treasury Notes
1.38
11-15-2031
 
940,000
736,798
U.S. Treasury Notes
1.50
11-30-2024
 
477,000
456,373
U.S. Treasury Notes
1.50
8-15-2026
 
102,000
92,975
U.S. Treasury Notes
1.50
1-31-2027
 
98,000
88,238
U.S. Treasury Notes
1.50
2-15-2030
 
209,000
173,241
U.S. Treasury Notes
1.63
2-15-2026
 
168,000
155,623
U.S. Treasury Notes
1.63
5-15-2026
 
105,000
96,657
U.S. Treasury Notes
1.63
10-31-2026
 
94,000
85,533
U.S. Treasury Notes
1.63
11-30-2026
 
97,000
88,069
U.S. Treasury Notes
1.63
8-15-2029
 
157,000
133,229
U.S. Treasury Notes
1.75
12-31-2026
 
99,000
90,102
U.S. Treasury Notes
1.75
11-15-2029
 
178,000
151,397
U.S. Treasury Notes
1.88
6-30-2026
 
98,000
90,658
U.S. Treasury Notes
1.88
7-31-2026
 
99,000
91,328
U.S. Treasury Notes
2.00
2-15-2025
 
289,000
276,435
U.S. Treasury Notes
2.00
8-15-2025
 
220,000
207,874
U.S. Treasury Notes
2.00
11-15-2026
 
170,000
156,367
U.S. Treasury Notes
2.13
11-30-2024
 
119,000
114,649
U.S. Treasury Notes
2.13
5-15-2025
 
234,000
222,876
U.S. Treasury Notes
2.13
5-31-2026
 
97,000
90,411
U.S. Treasury Notes
2.25
10-31-2024
 
121,000
116,978
U.S. Treasury Notes
2.25
11-15-2024
 
290,000
280,145
U.S. Treasury Notes
2.25
12-31-2024
 
33,000
31,778
U.S. Treasury Notes
2.25
11-15-2025
 
219,000
206,921
U.S. Treasury Notes
2.25
3-31-2026
 
99,000
92,905
U.S. Treasury Notes
2.25
2-15-2027
 
196,000
180,864
U.S. Treasury Notes
2.25
8-15-2027
 
101,000
92,297
U.S. Treasury Notes
2.25
11-15-2027
 
99,000
90,036
U.S. Treasury Notes
2.38
4-30-2026
 
98,000
92,082
U.S. Treasury Notes
2.38
5-15-2027
 
164,000
151,239
U.S. Treasury Notes
2.38
5-15-2029
 
90,000
79,980
U.S. Treasury Notes
2.50
1-31-2025
 
116,000
111,809
U.S. Treasury Notes
2.50
2-28-2026
 
97,000
91,718
U.S. Treasury Notes
2.63
3-31-2025
 
114,000
109,707
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 17
Portfolio of investments—September 30, 2023 (unaudited)
  
 
 
Interest
rate
Maturity
date
Principal
Value
U.S. Treasury securities(continued)
 
U.S. Treasury Notes
2.63
%
1-31-2026
$
95,000
$90,172
U.S. Treasury Notes
2.63
2-15-2029
 
181,000
163,734
U.S. Treasury Notes
2.75
2-28-2025
 
121,000
116,836
U.S. Treasury Notes
2.75
6-30-2025
 
119,000
114,259
U.S. Treasury Notes
2.75
8-31-2025
 
122,000
116,791
U.S. Treasury Notes
2.75
2-15-2028
 
189,000
174,795
U.S. Treasury Notes
2.75
8-15-2032
 
680,000
588,838
U.S. Treasury Notes
2.88
4-30-2025
 
114,000
109,952
U.S. Treasury Notes
2.88
5-31-2025
 
117,000
112,690
U.S. Treasury Notes
2.88
6-15-2025
 
100,000
96,273
U.S. Treasury Notes
2.88
7-31-2025
 
118,000
113,381
U.S. Treasury Notes
2.88
11-30-2025
 
96,000
91,838
U.S. Treasury Notes
2.88
5-15-2028
 
178,000
164,956
U.S. Treasury Notes
2.88
8-15-2028
 
190,000
175,446
U.S. Treasury Notes
3.00
10-31-2025
 
76,000
72,978
U.S. Treasury Notes
3.13
11-15-2028
 
226,000
210,436
U.S. Treasury Notes
3.50
2-15-2033
 
115,000
105,513
U.S. Treasury Notes
3.88
8-15-2033
 
460,000
434,628
U.S. Treasury Notes
4.13
11-15-2032
 
110,000
106,090
Total U.S. Treasury securities (Cost $26,028,638)
 
23,125,210
 
 
 
Yield
 
Shares
 
Short-term investments:  2.77%
 
Investment companies:  2.77%
 
Allspring Government Money Market Fund Select Class♠∞
5.27
 
1,724,637
1,724,637
Total short-term investments (Cost $1,724,637)
 
1,724,637
Total investments in securities (Cost $46,611,206)
99.28
%
 
61,681,589
Other assets and liabilities, net
0.72
 
445,602
Total net assets
100.00
%
 
$62,127,191
 
†
Non-income-earning security
♠
The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940.
∞
The rate represents the 7-day annualized yield at period end.
 
Abbreviations:
REIT
Real estate investment trust
See accompanying notes to portfolio of investments
18 | Allspring VT Index Asset Allocation Fund 
Portfolio of investments—September 30, 2023 (unaudited)
  
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
$2,238,925
$9,254,193
$(9,768,481
)
$0
$0
$1,724,637
1,724,637
$70,701
Futures contracts 
Description
Number of
contracts
Expiration
date
Notional
cost
Notional
value
Unrealized
gains
Unrealized
losses
Long
E-Mini S&P 500 Index
14
12-15-2023
$3,153,850
$3,027,850
$0
$(126,000
)
Micro E-Mini S&P 500 Index
18
12-15-2023
405,079
389,295
0
(15,784
)
10-Year U.S. Treasury Notes
23
12-19-2023
2,529,374
2,485,437
0
(43,937
)
U.S. Long Term Bond
1
12-19-2023
118,493
113,781
0
(4,712
)
Ultra Long Term U.S. Treasury Bond
2
12-19-2023
249,709
237,375
0
(12,334
)
2-Year U.S. Treasury Notes
1
12-29-2023
202,487
202,711
224
0
5-Year U.S. Treasury Notes
4
12-29-2023
423,716
421,438
0
(2,278
)
 
$224
$(205,045
)
See accompanying notes to portfolio of investments
Allspring VT Index Asset Allocation Fund  | 19
Notes to portfolio of investments—September 30, 2023 (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.
Equity securities, exchange-traded funds and futures contracts that are listed on a foreign or domestic exchange or market are valued at the official closing price or, if none, the last sales price.
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.       
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 security values and is subject to interest rate risk and equity price risk. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Fund and the prices of futures contracts, and the possibility of an illiquid market. Futures contracts are generally entered into on a regulated futures exchange and cleared through a clearinghouse associated with the exchange. With futures contracts, there is minimal counterparty risk to the Fund since futures contracts are exchange-traded and the exchange’s clearinghouse, as the counterparty to all exchange-traded futures, guarantees the futures contracts against default.
Upon entering into a futures contract, the Fund is required to deposit either cash or securities (initial margin) with the broker in an amount equal to a certain percentage of the contract value. Subsequent payments (variation margin) are paid to or received from the broker each day equal to the daily changes in the contract value. Such payments are recorded as unrealized gains or losses and, if any, shown as variation margin receivable (payable) in the Statement of Assets and Liabilities. Should the Fund fail to make requested variation margin payments, the broker can gain access to the initial margin to satisfy the Fund’s payment obligations. When the contracts are closed, a realized gain or loss is recorded in the  Statement of Operations. 
Fair valuation measurements
Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Fund’s investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Fund’s investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:
•Level 1 – quoted prices in active markets for identical securities
•Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
•Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments) 
The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.
20 | Allspring VT Index Asset Allocation Fund 
Notes to portfolio of investments—September 30, 2023 (unaudited)
 The following is a summary of the inputs used in valuing the Fund’s assets and liabilities as of September 30, 2023: 
 
Quoted prices
(Level 1)
Other significant
observable inputs
(Level 2)
Significant
unobservable inputs
(Level 3)
Total
Assets
Investments in:
Common stocks
Communication services
$3,266,698
$0
$0
$3,266,698
Consumer discretionary
3,931,180
0
0
3,931,180
Consumer staples
2,419,474
0
0
2,419,474
Energy
1,738,608
0
0
1,738,608
Financials
4,718,293
0
0
4,718,293
Health care
4,919,873
0
0
4,919,873
Industrials
3,057,230
0
0
3,057,230
Information technology
10,114,783
0
0
10,114,783
Materials
901,620
0
0
901,620
Real estate
874,505
0
0
874,505
Utilities
889,478
0
0
889,478
U.S. Treasury securities
23,125,210
0
0
23,125,210
Short-term investments
Investment companies
1,724,637
0
0
1,724,637
 
61,681,589
0
0
61,681,589
Futures contracts
224
0
0
224
Total assets
$61,681,813
$0
$0
$61,681,813
Liabilities
Futures contracts
$205,045
$0
$0
$205,045
Total liabilities
$205,045
$0
$0
$205,045
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 September 30, 2023, $326,731 was segregated as cash collateral for these open futures contracts.
For the nine months ended September 30, 2023, the Fund did not have any transfers into/out of Level 3.
Allspring VT Index Asset Allocation Fund  | 21