NPORT-EX 2 NPORT_WBJY_96744529_0523.htm EDGAR HTML
Portfolio of investments—May 31, 2023 (unaudited)
Portfolio of investments
 
 
 
 
 
Shares
Value
Common stocks:  96.59%
 
Australia:  6.53%
 
Ampol Ltd. (Energy, Oil, gas & consumable fuels)
 
17,298
$353,409
ANZ Group Holdings Ltd. (Financials, Banks)
 
55,149
822,179
Aristocrat Leisure Ltd. (Consumer discretionary, Hotels, restaurants & leisure)
 
15,459
373,555
ASX Ltd. (Financials, Capital markets)
 
3,256
142,808
Aurizon Holdings Ltd. (Industrials, Ground transportation)
 
216,925
502,312
BHP Group Ltd. (Materials, Metals & mining)
 
134,392
3,673,190
BlueScope Steel Ltd. (Materials, Metals & mining)
 
32,209
388,000
Brambles Ltd. (Industrials, Commercial services & supplies)
 
61,067
545,767
Cochlear Ltd. (Health care, Health care equipment & supplies)
 
3,144
497,777
Coles Group Ltd. (Consumer staples, Consumer staples distribution & retail)
 
39,937
467,067
Commonwealth Bank of Australia (Financials, Banks)
 
32,560
2,049,670
CSL Ltd. (Health care, Biotechnology)
 
10,688
2,130,027
Dexus (Real estate, Office REITs)
 
68,913
368,009
Endeavour Group Ltd. (Consumer staples, Consumer staples distribution & retail)
 
14,313
57,442
Fortescue Metals Group Ltd. (Materials, Metals & mining)
 
56,507
706,431
Glencore PLC (Materials, Metals & mining)†
 
309,931
1,586,299
Goodman Group (Real estate, Industrial REITs)
 
27,764
354,500
GPT Group (Real estate, Diversified REITs)
 
102,538
279,456
IGO Ltd. (Materials, Metals & mining)
 
12,317
114,245
Insurance Australia Group Ltd. (Financials, Insurance)
 
34,795
117,462
Lendlease Corp. Ltd. (Real estate, Real estate management & development)
 
18,393
94,513
Lottery Corp. Ltd. (Consumer discretionary, Hotels, restaurants & leisure)
 
50,001
161,965
Macquarie Group Ltd. (Financials, Capital markets)
 
6,177
686,004
Medibank Pvt Ltd. (Financials, Insurance)
 
209,666
486,867
Mineral Resources Ltd. (Materials, Metals & mining)
 
7,299
336,085
Mirvac Group (Real estate, Diversified REITs)
 
145,741
218,034
National Australia Bank Ltd. (Financials, Banks)
 
48,442
818,291
Orica Ltd. (Materials, Chemicals)
 
35,246
350,535
Pilbara Minerals Ltd. (Materials, Metals & mining)
 
253,917
728,357
Qantas Airways Ltd. (Industrials, Passenger airlines)†
 
64,273
278,012
QBE Insurance Group Ltd. (Financials, Insurance)
 
35,497
337,562
Ramsay Health Care Ltd. (Health care, Health care providers & services)
 
6,025
224,831
REA Group Ltd. (Communication services, Interactive media & services)
 
1,146
102,517
Reece Ltd. (Industrials, Trading companies & distributors)
 
1,598
18,876
Rio Tinto Ltd. (Materials, Metals & mining)
 
13,756
957,392
Scentre Group (Real estate, Retail REITs)
 
219,078
386,173
SEEK Ltd. (Communication services, Interactive media & services)
 
9,987
152,852
Sonic Healthcare Ltd. (Health care, Health care providers & services)
 
18,998
434,852
South32 Ltd. (Materials, Metals & mining)
 
140,814
355,379
Stockland (Real estate, Diversified REITs)
 
105,631
292,695
Suncorp Group Ltd. (Financials, Insurance)
 
12,852
111,182
Telstra Group Ltd. (Communication services, Diversified telecommunication services)
 
95,900
271,969
Transurban Group (Industrials, Transportation infrastructure)
 
13,189
127,309
Treasury Wine Estates Ltd. (Consumer staples, Beverages)
 
17,401
131,521
Vicinity Ltd. (Real estate, Retail REITs)
 
349,892
422,174
Wesfarmers Ltd. (Consumer discretionary, Broadline retail)
 
31,640
981,060
Westpac Banking Corp. (Financials, Banks)
 
58,707
789,686
WiseTech Global Ltd. (Information technology, Software)
 
3,163
153,953
See accompanying notes to portfolio of investments
Allspring Factor Enhanced International Equity Portfolio | 1
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Australia (continued)
 
Woodside Energy Group Ltd. (Energy, Oil, gas & consumable fuels)
 
26,468
$590,513
Woolworths Group Ltd. (Consumer staples, Consumer staples distribution & retail)
 
34,107
832,821
 
 
27,363,585
Austria:  0.13%
 
Erste Group Bank AG (Financials, Banks)
 
1,944
62,899
OMV AG (Energy, Oil, gas & consumable fuels)
 
7,220
321,664
voestalpine AG (Materials, Metals & mining)
 
4,948
153,273
 
 
537,836
Belgium:  0.85%
 
Ageas SA (Financials, Insurance)
 
13,373
533,610
Anheuser-Busch InBev SA (Consumer staples, Beverages)
 
20,122
1,073,485
D’ieteren Group (Consumer discretionary, Distributors)
 
471
81,408
Groupe Bruxelles Lambert NV (Financials, Financial services)
 
1,456
112,180
KBC Group NV (Financials, Banks)†
 
9,190
600,983
Solvay SA (Materials, Chemicals)
 
4,941
515,785
UCB SA (Health care, Pharmaceuticals)
 
570
49,668
Umicore SA (Materials, Chemicals)
 
19,724
548,158
Warehouses De Pauw CVA (Real estate, Industrial REITs)
 
2,157
60,499
 
 
3,575,776
Canada:  10.02%
 
Alimentation Couche-Tard, Inc. (Consumer staples, Consumer staples distribution &
retail)
 
26,270
1,271,991
AltaGas Ltd. (Utilities, Gas utilities)
 
3,700
62,743
ARC Resources Ltd. (Energy, Oil, gas & consumable fuels)
 
19,000
228,980
Bank of Montreal (Financials, Banks)
 
12,391
1,033,450
Bank of Nova Scotia (Financials, Banks)
 
19,108
922,955
Barrick Gold Corp. (Materials, Metals & mining)
 
32,500
549,208
Brookfield Asset Management Ltd. Class A (Financials, Capital markets)
 
22,357
683,474
Brookfield Corp. (Financials, Capital markets)
 
32,228
967,908
Brookfield Renewable Corp. Class A (Utilities, Independent power and renewable
electricity producers)
 
1,900
63,767
BRP, Inc. (Consumer discretionary, Leisure products)
 
10,600
753,596
Canadian Imperial Bank of Commerce (Financials, Banks)
 
10,648
439,019
Canadian National Railway Co. (Industrials, Ground transportation)
 
14,137
1,593,966
Canadian Natural Resources Ltd. (Energy, Oil, gas & consumable fuels)
 
27,300
1,470,681
Canadian Pacific Kansas City Ltd. (Industrials, Ground transportation)
 
21,710
1,654,278
Canadian Tire Corp. Ltd. Class A (Consumer discretionary, Broadline retail)
 
3,800
456,448
Canadian Utilities Ltd. Class A (Utilities, Multi-utilities)
 
17,500
469,890
CCL Industries, Inc. Class B (Materials, Containers & packaging)
 
10,400
484,567
Cenovus Energy, Inc. (Energy, Oil, gas & consumable fuels)
 
47,800
763,744
CGI, Inc. (Information technology, IT services)†
 
12,265
1,270,320
Constellation Software, Inc. (Information technology, Software)
 
528
1,076,618
Descartes Systems Group, Inc. (Information technology, Software)†
 
2,800
216,492
Dollarama, Inc. (Consumer discretionary, Broadline retail)
 
10,300
626,574
Element Fleet Management Corp. (Financials, Financial services)
 
91,000
1,380,250
Emera, Inc. (Utilities, Electric utilities)
 
1,100
45,353
See accompanying notes to portfolio of investments
2 | Allspring Factor Enhanced International Equity Portfolio
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Canada (continued)
 
Empire Co. Ltd. Class A (Consumer staples, Consumer staples distribution & retail)
 
11,600
$295,832
Enbridge, Inc. (Energy, Oil, gas & consumable fuels)
 
30,200
1,063,173
Fairfax Financial Holdings Ltd. (Financials, Insurance)
 
700
502,443
First Quantum Minerals Ltd. (Materials, Metals & mining)
 
6,200
129,892
FirstService Corp. (Real estate, Real estate management & development)
 
900
130,740
Fortis, Inc. (Utilities, Electric utilities)
 
6,344
266,845
Franco-Nevada Corp. (Materials, Metals & mining)
 
1,200
174,391
George Weston Ltd. (Consumer staples, Consumer staples distribution & retail)
 
5,000
588,140
Gildan Activewear, Inc. (Consumer discretionary, Textiles, apparel & luxury goods)
 
14,900
406,334
Hydro One Ltd. (Utilities, Electric utilities)144A
 
17,300
493,066
iA Financial Corp., Inc. (Financials, Insurance)
 
7,500
478,011
IGM Financial, Inc. (Financials, Capital markets)
 
17,900
525,858
Imperial Oil Ltd. (Energy, Oil, gas & consumable fuels)
 
10,600
481,158
Intact Financial Corp. (Financials, Insurance)
 
2,475
364,750
Loblaw Cos. Ltd. (Consumer staples, Consumer staples distribution & retail)
 
5,300
463,394
Lundin Mining Corp. (Materials, Metals & mining)
 
11,200
78,297
Magna International, Inc. (Consumer discretionary, Automobile components)
 
13,027
630,286
Manulife Financial Corp. (Financials, Insurance)
 
59,200
1,096,781
Metro, Inc. (Consumer staples, Consumer staples distribution & retail)†
 
8,130
427,671
National Bank of Canada (Financials, Banks)
 
5,408
387,703
Northland Power, Inc. (Utilities, Independent power and renewable electricity
producers)
 
11,000
241,311
Nutrien Ltd. (Materials, Chemicals)
 
13,600
716,517
Open Text Corp. (Information technology, Software)
 
6,618
275,153
Parkland Corp. (Energy, Oil, gas & consumable fuels)
 
500
12,471
Pembina Pipeline Corp. (Energy, Oil, gas & consumable fuels)
 
6,600
199,823
Power Corp. of Canada (Financials, Insurance)
 
6,800
176,024
Quebecor, Inc. Class B (Communication services, Media)
 
3,800
90,612
RB Global, Inc. (Industrials, Commercial services & supplies)
 
3,800
198,496
Restaurant Brands International, Inc. (Consumer discretionary, Hotels, restaurants &
leisure)
 
11,403
827,904
RioCan Real Estate Investment Trust (Real estate, Retail REITs)
 
16,300
240,387
Rogers Communications, Inc. Class B (Communication services, Wireless
telecommunication services)
 
3,437
151,532
Royal Bank of Canada (Financials, Banks)
 
29,331
2,623,693
Saputo, Inc. (Consumer staples, Food products)
 
23,100
597,622
Shopify, Inc. Class A (Information technology, IT services)†
 
8,600
492,053
Sun Life Financial, Inc. (Financials, Insurance)
 
12,058
584,025
Suncor Energy, Inc. (Energy, Oil, gas & consumable fuels)
 
41,000
1,148,604
TC Energy Corp. (Energy, Oil, gas & consumable fuels)
 
7,600
295,826
Teck Resources Ltd. Class B (Materials, Metals & mining)†
 
17,100
667,498
TFI International, Inc. (Industrials, Ground transportation)
 
8,700
916,464
Thomson Reuters Corp. (Industrials, Professional services)†
 
2,900
368,765
TMX Group Ltd. (Financials, Capital markets)
 
800
87,078
Toromont Industries Ltd. (Industrials, Trading companies & distributors)
 
2,700
208,840
Toronto-Dominion Bank (Financials, Banks)
 
36,818
2,084,048
Tourmaline Oil Corp. (Energy, Oil, gas & consumable fuels)
 
15,500
647,974
See accompanying notes to portfolio of investments
Allspring Factor Enhanced International Equity Portfolio | 3
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Canada (continued)
 
West Fraser Timber Co. Ltd. (Materials, Paper & forest products)
 
6,700
$452,145
Wheaton Precious Metals Corp. (Materials, Metals & mining)
 
4,400
199,402
 
 
41,975,304
China:  0.10%
 
Budweiser Brewing Co. APAC Ltd. (Consumer staples, Beverages)144A
 
5,100
12,818
SITC International Holdings Co. Ltd. (Industrials, Marine transportation)
 
145,000
251,837
Xinyi Glass Holdings Ltd. (Industrials, Building products)
 
116,000
171,546
 
 
436,201
Denmark:  2.82%
 
AP Moller - Maersk AS Class B (Industrials, Marine transportation)
 
190
319,501
Carlsberg AS Class B (Consumer staples, Beverages)
 
6,015
906,137
Coloplast AS Class B (Health care, Health care equipment & supplies)
 
1,073
135,075
Danske Bank AS (Financials, Banks)†
 
15,669
318,704
Demant AS (Health care, Health care equipment & supplies)†
 
5,949
226,119
DSV AS (Industrials, Air freight & logistics)
 
3,057
589,096
Genmab AS (Health care, Biotechnology)†
 
2,532
990,390
Novo Nordisk AS Class B (Health care, Pharmaceuticals)
 
41,464
6,643,382
Pandora AS (Consumer discretionary, Textiles, apparel & luxury goods)
 
10,352
824,695
ROCKWOOL AS Class B (Industrials, Building products)
 
1,801
429,397
Vestas Wind Systems AS (Industrials, Electrical equipment)†
 
14,814
421,753
 
 
11,804,249
Finland:  0.94%
 
Elisa Oyj (Communication services, Diversified telecommunication services)
 
3,865
216,480
Kesko Oyj Class B (Consumer staples, Consumer staples distribution & retail)
 
9,832
185,859
Kone Oyj Class B (Industrials, Machinery)
 
6,169
313,020
Metso Corp. (Industrials, Machinery)
 
24,549
268,571
Neste Oyj (Energy, Oil, gas & consumable fuels)
 
2,254
85,217
Nokia Oyj (Information technology, Communications equipment)
 
107,880
437,613
Nordea Bank Abp (Financials, Banks)
 
93,083
915,064
Orion Oyj Class B (Health care, Pharmaceuticals)
 
11,412
482,930
Sampo Oyj Class A (Financials, Insurance)
 
13,492
620,417
UPM-Kymmene Oyj (Materials, Paper & forest products)
 
6,726
201,807
Wartsila Oyj Abp (Industrials, Machinery)
 
19,970
226,054
 
 
3,953,032
France:  9.31%
 
Aeroports de Paris (Industrials, Transportation infrastructure)†
 
2,184
331,729
Air Liquide SA (Materials, Chemicals)
 
9,598
1,607,018
Alstom SA (Industrials, Machinery)†
 
3,764
103,561
Amundi SA (Financials, Capital markets)144A
 
11,454
643,991
Arkema SA (Materials, Chemicals)
 
1,598
139,210
AXA SA (Financials, Insurance)
 
50,762
1,433,265
BioMerieux (Health care, Health care equipment & supplies)
 
1,955
195,680
BNP Paribas SA (Financials, Banks)
 
25,205
1,455,118
Bollore SE (Communication services, Entertainment)
 
60,724
388,798
Bouygues SA (Industrials, Construction & engineering)
 
1,111
35,579
See accompanying notes to portfolio of investments
4 | Allspring Factor Enhanced International Equity Portfolio
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
France (continued)
 
Bureau Veritas SA (Industrials, Professional services)
 
4,277
$108,486
Capgemini SE (Information technology, IT services)
 
3,195
555,984
Carrefour SA (Consumer staples, Consumer staples distribution & retail)
 
16,120
296,109
CIE de Saint-Gobain (Industrials, Building products)
 
13,000
719,797
Cie Generale des Etablissements Michelin SCA (Consumer discretionary, Automobile
components)
 
11,396
323,532
Covivio SA (Real estate, Office REITs)
 
7,895
385,998
Credit Agricole SA (Financials, Banks)
 
12,167
139,053
Danone SA (Consumer staples, Food products)
 
13,626
806,018
Dassault Systemes SE (Information technology, Software)
 
8,005
351,760
Edenred (Financials, Financial services)
 
4,803
308,446
Eiffage SA (Industrials, Construction & engineering)
 
2,263
240,973
Engie SA (Utilities, Multi-utilities)
 
46,093
691,833
EssilorLuxottica SA (Health care, Health care equipment & supplies)
 
6,124
1,102,599
Eurazeo SE (Financials, Financial services)
 
3,791
258,936
Gecina SA (Real estate, Office REITs)
 
2,564
262,418
Getlink SE (Industrials, Transportation infrastructure)
 
7,810
132,568
Hermes International (Consumer discretionary, Textiles, apparel & luxury goods)
 
481
977,793
Ipsen SA (Health care, Pharmaceuticals)
 
1,809
209,027
Kering SA (Consumer discretionary, Textiles, apparel & luxury goods)
 
1,255
668,522
Klepierre SA (Real estate, Retail REITs)†
 
22,567
510,901
La Francaise des Jeux SAEM (Consumer discretionary, Hotels, restaurants &
leisure)144A
 
10,367
399,591
Legrand SA (Industrials, Electrical equipment)
 
5,116
483,743
L’Oreal SA (Consumer staples, Personal care products)
 
5,456
2,326,936
LVMH Moet Hennessy Louis Vuitton SE (Consumer discretionary, Textiles, apparel &
luxury goods)
 
6,226
5,416,483
Orange SA (Communication services, Diversified telecommunication services)
 
63,077
753,250
Pernod Ricard SA (Consumer staples, Beverages)
 
3,036
655,851
Publicis Groupe SA (Communication services, Media)
 
4,328
320,688
Renault SA (Consumer discretionary, Automobiles)
 
16,845
563,306
Safran SA (Industrials, Aerospace & defense)
 
3,526
510,466
Sanofi (Health care, Pharmaceuticals)
 
27,082
2,746,582
Sartorius Stedim Biotech (Health care, Life sciences tools & services)
 
763
200,304
Schneider Electric SE (Industrials, Electrical equipment)
 
11,699
2,017,567
Societe Generale SA (Financials, Banks)
 
26,626
615,601
Sodexo SA (Consumer discretionary, Hotels, restaurants & leisure)†
 
6,265
676,698
Teleperformance (Industrials, Professional services)
 
331
49,498
Thales SA (Industrials, Aerospace & defense)
 
2,608
363,236
TotalEnergies SE (Energy, Oil, gas & consumable fuels)
 
58,392
3,313,000
Valeo SA (Consumer discretionary, Automobile components)
 
6,707
128,757
Veolia Environnement SA (Utilities, Multi-utilities)
 
7,972
234,676
Vinci SA (Industrials, Construction & engineering)
 
9,293
1,056,107
Wendel SE (Financials, Financial services)
 
7,009
736,456
Worldline SA (Financials, Financial services)144A†
 
1,780
69,161
 
 
39,022,659
Germany:  7.05%
 
adidas AG (Consumer discretionary, Textiles, apparel & luxury goods)
 
1,746
282,744
See accompanying notes to portfolio of investments
Allspring Factor Enhanced International Equity Portfolio | 5
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Germany (continued)
 
Allianz SE (Financials, Insurance)
 
8,992
$1,922,118
BASF SE (Materials, Chemicals)
 
23,749
1,127,489
Bayer AG (Health care, Pharmaceuticals)
 
25,808
1,438,343
Bayerische Motoren Werke AG (Consumer discretionary, Automobiles)
 
7,797
849,423
Bechtle AG (Information technology, IT services)
 
5,027
197,095
Beiersdorf AG (Consumer staples, Personal care products)
 
2,466
314,068
Brenntag SE (Industrials, Trading companies & distributors)
 
3,770
295,703
Carl Zeiss Meditec AG (Health care, Health care equipment & supplies)
 
1,290
144,576
Commerzbank AG (Financials, Banks)†
 
57,106
573,782
Continental AG (Consumer discretionary, Automobile components)
 
6,033
401,624
Covestro AG (Materials, Chemicals)144A†
 
6,148
236,972
Daimler Truck Holding AG (Industrials, Machinery)†
 
13,253
400,902
Deutsche Bank AG (Financials, Capital markets)
 
91,527
927,068
Deutsche Boerse AG (Financials, Capital markets)
 
995
171,764
Deutsche Lufthansa AG (Industrials, Passenger airlines)†
 
29,030
284,236
Deutsche Post AG (Industrials, Air freight & logistics)
 
21,807
980,165
Deutsche Telekom AG (Communication services, Diversified telecommunication
services)
 
79,593
1,764,922
Evonik Industries AG (Materials, Chemicals)
 
1,204
24,124
Fresenius Medical Care AG & Co. KGaA (Health care, Health care providers & services)
 
1,622
69,264
Fresenius SE & Co. KGaA (Health care, Health care providers & services)
 
15,606
426,873
GEA Group AG (Industrials, Machinery)
 
9,063
380,620
Hannover Rueck SE (Financials, Insurance)
 
439
93,943
Heidelberg Materials AG (Materials, Construction materials)
 
7,124
509,281
HelloFresh SE (Consumer staples, Consumer staples distribution & retail)†
 
1,032
24,522
Henkel AG & Co. KGaA (Consumer staples, Household products)
 
3,382
242,640
Infineon Technologies AG (Information technology, Semiconductors & semiconductor
equipment)
 
34,819
1,292,582
ING Groep NV (Financials, Banks)
 
106,765
1,313,306
Knorr-Bremse AG (Industrials, Machinery)
 
5,767
394,395
LEG Immobilien SE (Real estate, Real estate management & development)†
 
2,673
138,601
Mercedes-Benz Group AG (Consumer discretionary, Automobiles)
 
23,744
1,770,760
Merck KGaA (Health care, Pharmaceuticals)
 
4,302
748,391
MTU Aero Engines AG (Industrials, Aerospace & defense)
 
1,217
280,724
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Financials,
Insurance)
 
3,863
1,379,140
Rational AG (Industrials, Machinery)
 
32
21,464
Rheinmetall AG (Industrials, Aerospace & defense)
 
2,166
547,322
RWE AG (Utilities, Independent power and renewable electricity producers)
 
7,105
297,098
SAP SE (Information technology, Software)
 
24,150
3,153,947
Scout24 SE (Communication services, Interactive media & services)144A
 
12,231
784,423
Siemens AG (Industrials, Industrial conglomerates)
 
16,872
2,765,408
Siemens Healthineers AG (Health care, Health care equipment & supplies)144A
 
1,934
109,358
Telefonica Deutschland Holding AG (Communication services, Diversified
telecommunication services)
 
7,565
21,307
United Internet AG (Communication services, Diversified telecommunication services)
 
25,817
370,888
Volkswagen AG (Consumer discretionary, Automobiles)
 
384
57,628
 
 
29,531,003
See accompanying notes to portfolio of investments
6 | Allspring Factor Enhanced International Equity Portfolio
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Hong Kong:  2.10%
 
AIA Group Ltd. (Financials, Insurance)
 
255,600
$2,451,399
BOC Hong Kong Holdings Ltd. (Financials, Banks)
 
22,000
65,322
CK Asset Holdings Ltd. (Real estate, Real estate management & development)
 
84,190
453,718
CK Infrastructure Holdings Ltd. (Utilities, Electric utilities)
 
68,000
376,019
Galaxy Entertainment Group Ltd. (Consumer discretionary, Hotels, restaurants &
leisure)†
 
13,000
80,602
Hang Lung Properties Ltd. (Real estate, Real estate management & development)
 
156,000
247,036
Henderson Land Development Co. Ltd. (Real estate, Real estate management &
development)
 
4,000
12,694
HKT Trust & HKT Ltd. (Communication services, Diversified telecommunication
services)
 
97,000
123,876
Hong Kong Exchanges & Clearing Ltd. (Financials, Capital markets)
 
19,500
713,714
Hongkong Land Holdings Ltd. (Real estate, Real estate management & development)
 
35,635
152,874
Jardine Matheson Holdings Ltd. (Industrials, Industrial conglomerates)
 
8,648
415,191
Link REIT (Real estate, Retail REITs)
 
58,000
337,018
MTR Corp. Ltd. (Industrials, Ground transportation)
 
60,000
276,229
New World Development Co. Ltd. (Real estate, Real estate management &
development)
 
29,000
69,255
Power Assets Holdings Ltd. (Utilities, Electric utilities)
 
60,500
325,661
Sino Land Co. Ltd. (Real estate, Real estate management & development)
 
251,899
327,482
Sun Hung Kai Properties Ltd. (Real estate, Real estate management & development)
 
49,000
623,885
Swire Pacific Ltd. Class A (Real estate, Real estate management & development)
 
69,478
464,047
Swire Properties Ltd. (Real estate, Real estate management & development)
 
118,800
283,101
Techtronic Industries Co. Ltd. (Industrials, Machinery)
 
20,000
185,558
WH Group Ltd. (Consumer staples, Food products)144A
 
1,538,500
803,589
 
 
8,788,270
Ireland:  0.54%
 
AIB Group PLC (Financials, Banks)
 
26,136
107,054
Bank of Ireland Group PLC (Financials, Banks)
 
58,921
553,852
CRH PLC (Materials, Construction materials)
 
15,084
711,037
DCC plc (Industrials, Industrial conglomerates)
 
3,997
228,566
Flutter Entertainment PLC (Consumer discretionary, Hotels, restaurants & leisure)†
 
1,534
299,490
Smurfit Kappa Group PLC (Materials, Containers & packaging)
 
10,002
355,266
 
 
2,255,265
Isle of Man (U.K.):  0.06%
 
Entain PLC (Consumer discretionary, Hotels, restaurants & leisure)
 
13,830
226,918
Israel:  0.74%
 
Bank Hapoalim BM (Financials, Banks)
 
36,762
295,747
Bank Leumi Le-Israel BM (Financials, Banks)
 
22,620
158,517
Bezeq The Israeli Telecommunication Corp. Ltd. (Communication services, Diversified
telecommunication services)
 
310,924
389,118
Check Point Software Technologies Ltd. (Information technology, Software)†
 
6,661
831,359
Elbit Systems Ltd. (Industrials, Aerospace & defense)
 
57
11,644
ICL Group Ltd. (Materials, Chemicals)
 
62,903
342,536
Israel Discount Bank Ltd. Class A (Financials, Banks)
 
27,306
131,497
Mizrahi Tefahot Bank Ltd. (Financials, Banks)
 
2,988
95,849
See accompanying notes to portfolio of investments
Allspring Factor Enhanced International Equity Portfolio | 7
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Israel (continued)
 
Nice Ltd. (Information technology, Software)†
 
2,362
$475,116
Tower Semiconductor Ltd. (Information technology, Semiconductors &
semiconductor equipment)†
 
3,430
141,923
Wix.com Ltd. (Information technology, IT services)†
 
2,859
217,913
 
 
3,091,219
Italy:  1.76%
 
Assicurazioni Generali SpA (Financials, Insurance)
 
26,682
505,239
ENEL SpA (Utilities, Electric utilities)
 
176,929
1,107,862
ENI SpA (Energy, Oil, gas & consumable fuels)†
 
65,910
877,118
FinecoBank Banca Fineco SpA (Financials, Banks)
 
13,629
180,789
Infrastrutture Wireless Italiane SpA (Communication services, Diversified
telecommunication services)144A
 
5,401
68,700
Intesa Sanpaolo SpA (Financials, Banks)
 
455,884
1,050,363
Mediobanca Banca di Credito Finanziario SpA (Financials, Banks)
 
28,585
314,559
Moncler SpA (Consumer discretionary, Textiles, apparel & luxury goods)
 
4,336
293,472
Poste Italiane SpA (Financials, Insurance)144A
 
44,683
463,097
Prysmian SpA (Industrials, Electrical equipment)
 
16,537
612,841
Snam SpA (Utilities, Gas utilities)
 
56,864
297,224
Terna - Rete Elettrica Nazionale (Utilities, Electric utilities)
 
46,648
390,520
UniCredit SpA (Financials, Banks)
 
63,775
1,221,181
 
 
7,382,965
Japan:  19.11%
 
Advantest Corp. (Information technology, Semiconductors & semiconductor
equipment)
 
8,500
1,092,661
AGC, Inc. (Industrials, Building products)
 
11,200
409,173
Aisin Corp. (Consumer discretionary, Automobile components)
 
4,900
141,030
Ajinomoto Co., Inc. (Consumer staples, Food products)
 
10,550
410,490
Asahi Group Holdings Ltd. (Consumer staples, Beverages)
 
12,100
469,757
Asahi Intecc Co. Ltd. (Health care, Health care equipment & supplies)
 
100
1,906
Astellas Pharma, Inc. (Health care, Pharmaceuticals)
 
52,900
838,161
Azbil Corp. (Information technology, Electronic equipment, instruments &
components)
 
18,200
576,731
Bandai Namco Holdings, Inc. (Consumer discretionary, Leisure products)
 
1,600
37,564
BayCurrent Consulting, Inc. (Industrials, Professional services)
 
5,100
187,052
Bridgestone Corp. (Consumer discretionary, Automobile components)
 
10,500
427,913
Canon, Inc. (Information technology, Technology hardware, storage & peripherals)
 
17,400
432,237
Capcom Co. Ltd. (Communication services, Entertainment)
 
11,600
452,927
Central Japan Railway Co. (Industrials, Ground transportation)
 
1,500
182,864
Chiba Bank Ltd. (Financials, Banks)
 
5,400
33,758
Chubu Electric Power Co., Inc. (Utilities, Electric utilities)
 
44,800
534,738
Chugai Pharmaceutical Co. Ltd. (Health care, Pharmaceuticals)
 
10,900
293,770
CyberAgent, Inc. (Communication services, Media)
 
51,400
364,495
Dai Nippon Printing Co. Ltd. (Industrials, Commercial services & supplies)
 
17,800
507,841
Daifuku Co. Ltd. (Industrials, Machinery)
 
5,600
113,708
Dai-ichi Life Holdings, Inc. (Financials, Insurance)
 
35,400
608,400
Daiichi Sankyo Co. Ltd. (Health care, Pharmaceuticals)
 
37,900
1,234,997
Daikin Industries Ltd. (Industrials, Building products)
 
3,066
584,482
See accompanying notes to portfolio of investments
8 | Allspring Factor Enhanced International Equity Portfolio
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Japan (continued)
 
Daito Trust Construction Co. Ltd. (Real estate, Real estate management &
development)
 
3,800
$361,385
Daiwa House Industry Co. Ltd. (Real estate, Real estate management & development)
 
16,700
436,543
Daiwa Securities Group, Inc. (Financials, Capital markets)
 
14,100
64,061
Denso Corp. (Consumer discretionary, Automobile components)
 
200
12,361
Disco Corp. (Information technology, Semiconductors & semiconductor equipment)
 
3,300
482,003
East Japan Railway Co. (Industrials, Ground transportation)
 
500
27,590
ENEOS Holdings, Inc. (Energy, Oil, gas & consumable fuels)
 
87,200
290,281
FANUC Corp. (Industrials, Machinery)
 
11,500
396,031
Fast Retailing Co. Ltd. (Consumer discretionary, Specialty retail)
 
2,700
633,311
Fuji Electric Co. Ltd. (Industrials, Electrical equipment)
 
10,700
450,809
Fujitsu Ltd. (Information technology, IT services)
 
6,700
852,137
Hakuhodo DY Holdings, Inc. (Communication services, Media)
 
8,400
88,145
Hamamatsu Photonics KK (Information technology, Electronic equipment, instruments
& components)
 
7,300
372,532
Hankyu Hanshin Holdings, Inc. (Industrials, Ground transportation)
 
11,700
372,435
Hikari Tsushin, Inc. (Industrials, Industrial conglomerates)
 
900
130,292
Hirose Electric Co. Ltd. (Information technology, Electronic equipment, instruments &
components)
 
1,300
176,537
Hitachi Construction Machinery Co. Ltd. (Industrials, Machinery)
 
7,700
190,669
Hitachi Ltd. (Industrials, Industrial conglomerates)
 
19,000
1,097,247
Honda Motor Co. Ltd. (Consumer discretionary, Automobiles)
 
24,300
698,521
Hoshizaki Corp. (Industrials, Machinery)
 
1,900
68,459
Hoya Corp. (Health care, Health care equipment & supplies)
 
9,200
1,159,864
Ibiden Co. Ltd. (Information technology, Electronic equipment, instruments &
components)
 
4,700
257,054
Idemitsu Kosan Co. Ltd. (Energy, Oil, gas & consumable fuels)
 
17,000
330,422
Iida Group Holdings Co. Ltd. (Consumer discretionary, Household durables)
 
29,200
482,877
INPEX Corp. (Energy, Oil, gas & consumable fuels)
 
32,600
346,298
ITOCHU Corp. (Industrials, Trading companies & distributors)
 
32,500
1,101,256
Itochu Techno-Solutions Corp. (Information technology, IT services)
 
4,000
104,217
Japan Post Holdings Co. Ltd. (Financials, Insurance)
 
86,500
611,227
Japan Post Insurance Co. Ltd. (Financials, Insurance)
 
24,000
361,227
Japan Tobacco, Inc. (Consumer staples, Tobacco)
 
23,200
506,212
JFE Holdings, Inc. (Materials, Metals & mining)
 
34,800
430,613
Kajima Corp. (Industrials, Construction & engineering)
 
27,600
387,282
Kansai Electric Power Co., Inc. (Utilities, Electric utilities)
 
49,800
570,470
Kao Corp. (Consumer staples, Personal care products)
 
14,000
490,063
KDDI Corp. (Communication services, Wireless telecommunication services)
 
38,900
1,198,061
Keio Corp. (Industrials, Ground transportation)
 
600
21,145
Keisei Electric Railway Co. Ltd. (Industrials, Ground transportation)
 
10,100
387,834
Keyence Corp. (Information technology, Electronic equipment, instruments &
components)
 
3,800
1,849,201
Kintetsu Group Holdings Co. Ltd. (Industrials, Ground transportation)
 
24,600
814,850
Kirin Holdings Co. Ltd. (Consumer staples, Beverages)
 
37,600
561,200
Kobayashi Pharmaceutical Co. Ltd. (Consumer staples, Personal care products)
 
100
5,656
Kobe Bussan Co. Ltd. (Consumer staples, Consumer staples distribution & retail)
 
2,100
57,954
Koei Tecmo Holdings Co. Ltd. (Communication services, Entertainment)
 
14,200
239,206
Komatsu Ltd. (Industrials, Machinery)
 
22,400
529,272
See accompanying notes to portfolio of investments
Allspring Factor Enhanced International Equity Portfolio | 9
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Japan (continued)
 
Konami Group Corp. (Communication services, Entertainment)
 
4,700
$249,295
Kose Corp. (Consumer staples, Personal care products)
 
1,300
130,630
Kubota Corp. (Industrials, Machinery)
 
800
11,065
Kurita Water Industries Ltd. (Industrials, Machinery)
 
3,700
151,638
Kyocera Corp. (Information technology, Electronic equipment, instruments &
components)
 
3,100
176,355
Lixil Corp. (Industrials, Building products)
 
7,000
90,436
M3, Inc. (Health care, Health care technology)
 
13,000
289,998
Marubeni Corp. (Industrials, Trading companies & distributors)
 
55,600
794,941
Mazda Motor Corp. (Consumer discretionary, Automobiles)
 
76,400
654,740
McDonald’s Holdings Co. Japan Ltd. (Consumer discretionary, Hotels, restaurants &
leisure)
 
6,800
279,663
MEIJI Holdings Co. Ltd. (Consumer staples, Food products)
 
9,400
210,838
MinebeaMitsumi, Inc. (Industrials, Machinery)
 
6,000
115,801
Mitsubishi Chemical Group Corp. (Materials, Chemicals)
 
54,800
308,091
Mitsubishi Corp. (Industrials, Trading companies & distributors)
 
30,000
1,202,799
Mitsubishi Electric Corp. (Industrials, Electrical equipment)
 
64,800
846,016
Mitsubishi HC Capital, Inc. (Financials, Financial services)
 
15,000
81,500
Mitsubishi Heavy Industries Ltd. (Industrials, Machinery)
 
16,900
716,393
Mitsubishi UFJ Financial Group, Inc. (Financials, Banks)
 
233,800
1,564,820
Mitsui & Co. Ltd. (Industrials, Trading companies & distributors)
 
36,900
1,166,392
Mitsui Chemicals, Inc. (Materials, Chemicals)
 
11,000
278,306
Mitsui Fudosan Co. Ltd. (Real estate, Real estate management & development)
 
5,400
103,194
Mitsui OSK Lines Ltd. (Industrials, Marine transportation)
 
3,600
82,038
Mizuho Financial Group, Inc. (Financials, Banks)
 
47,470
699,486
MS&AD Insurance Group Holdings, Inc. (Financials, Insurance)
 
8,400
289,275
Murata Manufacturing Co. Ltd. (Information technology, Electronic equipment,
instruments & components)
 
11,900
700,291
NEC Corp. (Information technology, IT services)
 
8,300
390,203
Nexon Co. Ltd. (Communication services, Entertainment)
 
12,900
263,509
NGK Insulators Ltd. (Industrials, Machinery)
 
22,400
270,585
Nidec Corp. (Industrials, Electrical equipment)
 
500
24,906
Nintendo Co. Ltd. (Communication services, Entertainment)
 
25,800
1,099,220
NIPPON EXPRESS HOLDINGS, Inc. (Industrials, Air freight & logistics)
 
700
39,340
Nippon Steel Corp. (Materials, Metals & mining)
 
37,100
723,094
Nippon Telegraph & Telephone Corp. (Communication services, Diversified
telecommunication services)
 
32,000
908,380
Nippon Yusen KK (Industrials, Marine transportation)
 
9,300
198,416
Nissan Chemical Corp. (Materials, Chemicals)
 
600
26,097
Nissan Motor Co. Ltd. (Consumer discretionary, Automobiles)
 
22,400
84,069
Nissin Foods Holdings Co. Ltd. (Consumer staples, Food products)
 
3,000
256,020
Nitori Holdings Co. Ltd. (Consumer discretionary, Specialty retail)
 
100
12,198
Nitto Denko Corp. (Materials, Chemicals)
 
2,500
178,181
Nomura Holdings, Inc. (Financials, Capital markets)
 
143,500
503,653
Nomura Real Estate Holdings, Inc. (Real estate, Real estate management &
development)
 
8,700
210,748
NTT Data Corp. (Information technology, IT services)
 
7,367
105,594
Obayashi Corp. (Industrials, Construction & engineering)
 
22,500
181,518
Obic Co. Ltd. (Information technology, IT services)
 
200
32,428
See accompanying notes to portfolio of investments
10 | Allspring Factor Enhanced International Equity Portfolio
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Japan (continued)
 
Oji Holdings Corp. (Materials, Paper & forest products)
 
54,600
$210,445
Olympus Corp. (Health care, Health care equipment & supplies)
 
33,700
512,182
Omron Corp. (Information technology, Electronic equipment, instruments &
components)
 
1,000
60,470
Ono Pharmaceutical Co. Ltd. (Health care, Pharmaceuticals)
 
27,400
512,994
Open House Group Co. Ltd. (Consumer discretionary, Household durables)
 
12,600
484,737
Oracle Corp. Japan (Information technology, Software)†
 
15,200
1,165,161
Oriental Land Co. Ltd. (Consumer discretionary, Hotels, restaurants & leisure)
 
6,700
251,361
ORIX Corp. (Financials, Financial services)
 
46,700
796,238
Osaka Gas Co. Ltd. (Utilities, Gas utilities)
 
8,300
131,597
Otsuka Corp. (Information technology, IT services)
 
16,500
622,932
Otsuka Holdings Co. Ltd. (Health care, Pharmaceuticals)
 
8,000
297,032
Pan Pacific International Holdings Corp. (Consumer discretionary, Broadline retail)
 
38,700
660,810
Panasonic Holdings Corp. (Consumer discretionary, Household durables)
 
16,500
172,964
Persol Holdings Co. Ltd. (Industrials, Professional services)
 
29,700
561,918
Recruit Holdings Co. Ltd. (Industrials, Professional services)
 
29,200
899,106
Renesas Electronics Corp. (Information technology, Semiconductors & semiconductor
equipment)†
 
27,900
458,575
Resona Holdings, Inc. (Financials, Banks)
 
13,400
60,929
Ricoh Co. Ltd. (Information technology, Technology hardware, storage & peripherals)
 
55,800
466,986
Rohm Co. Ltd. (Information technology, Semiconductors & semiconductor
equipment)
 
5,700
483,165
SCSK Corp. (Information technology, IT services)
 
17,800
282,092
Seiko Epson Corp. (Information technology, Technology hardware, storage &
peripherals)
 
18,600
282,888
Sekisui Chemical Co. Ltd. (Consumer discretionary, Household durables)
 
11,300
156,128
Sekisui House Ltd. (Consumer discretionary, Household durables)
 
18,800
367,499
Seven & i Holdings Co. Ltd. (Consumer staples, Consumer staples distribution & retail)
 
6,300
264,299
SG Holdings Co. Ltd. (Industrials, Air freight & logistics)
 
1,800
26,459
Shimadzu Corp. (Information technology, Electronic equipment, instruments &
components)
 
3,300
102,322
Shin-Etsu Chemical Co. Ltd. (Materials, Chemicals)
 
37,200
1,147,306
Shiseido Co. Ltd. (Consumer staples, Personal care products)
 
12,000
546,492
Shizuoka Financial Group, Inc. (Financials, Banks)
 
6,300
46,394
SMC Corp. (Industrials, Machinery)
 
600
323,330
SoftBank Corp. (Communication services, Wireless telecommunication services)
 
76,400
814,586
SoftBank Group Corp. (Communication services, Wireless telecommunication
services)
 
14,400
565,871
Sompo Holdings, Inc. (Financials, Insurance)
 
3,700
151,107
Sony Group Corp. (Consumer discretionary, Household durables)
 
20,300
1,917,445
Square Enix Holdings Co. Ltd. (Communication services, Entertainment)
 
15,200
681,859
Subaru Corp. (Consumer discretionary, Automobiles)
 
19,000
327,156
SUMCO Corp. (Information technology, Semiconductors & semiconductor
equipment)
 
17,533
250,552
Sumitomo Corp. (Industrials, Trading companies & distributors)
 
29,300
554,455
Sumitomo Electric Industries Ltd. (Consumer discretionary, Automobile components)
 
14,900
176,886
Sumitomo Metal Mining Co. Ltd. (Materials, Metals & mining)
 
1,200
36,433
Sumitomo Mitsui Financial Group, Inc. (Financials, Banks)
 
30,300
1,234,835
Sumitomo Mitsui Trust Holdings, Inc. (Financials, Banks)
 
6,300
221,794
See accompanying notes to portfolio of investments
Allspring Factor Enhanced International Equity Portfolio | 11
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Japan (continued)
 
Sumitomo Realty & Development Co. Ltd. (Real estate, Real estate management &
development)
 
7,400
$178,938
Suntory Beverage & Food Ltd. (Consumer staples, Beverages)
 
2,000
73,641
Suzuki Motor Corp. (Consumer discretionary, Automobiles)
 
10,500
346,822
Sysmex Corp. (Health care, Health care equipment & supplies)
 
3,800
248,988
T&D Holdings, Inc. (Financials, Insurance)
 
19,500
266,205
Taisei Corp. (Industrials, Construction & engineering)
 
14,100
448,832
Takeda Pharmaceutical Co. Ltd. (Health care, Pharmaceuticals)
 
38,800
1,231,185
TDK Corp. (Information technology, Electronic equipment, instruments &
components)
 
8,900
341,116
Terumo Corp. (Health care, Health care equipment & supplies)
 
15,000
457,133
TIS, Inc. (Information technology, IT services)
 
22,700
637,050
Tobu Railway Co. Ltd. (Industrials, Ground transportation)
 
3,100
81,213
Toho Co. Ltd. (Communication services, Entertainment)
 
5,000
197,021
Tokio Marine Holdings, Inc. (Financials, Insurance)
 
34,900
787,551
Tokyo Electron Ltd. (Information technology, Semiconductors & semiconductor
equipment)
 
11,000
1,524,960
Tokyo Gas Co. Ltd. (Utilities, Gas utilities)
 
22,600
481,603
Tokyu Corp. (Industrials, Ground transportation)
 
200
2,587
TOPPAN, Inc. (Industrials, Commercial services & supplies)
 
31,400
672,286
Toray Industries, Inc. (Materials, Chemicals)
 
64,500
341,284
Tosoh Corp. (Materials, Chemicals)
 
36,300
418,170
TOTO Ltd. (Industrials, Building products)
 
7,000
212,776
Toyota Motor Corp. (Consumer discretionary, Automobiles)
 
190,900
2,614,984
Toyota Tsusho Corp. (Industrials, Trading companies & distributors)
 
12,400
546,463
Trend Micro, Inc. (Information technology, Software)
 
3,500
166,804
Unicharm Corp. (Consumer staples, Household products)
 
2,600
99,073
Welcia Holdings Co. Ltd. (Consumer staples, Consumer staples distribution & retail)
 
6,500
137,535
Yakult Honsha Co. Ltd. (Consumer staples, Food products)
 
5,000
324,780
Yamaha Motor Co. Ltd. (Consumer discretionary, Automobiles)
 
17,000
419,738
Yamato Holdings Co. Ltd. (Industrials, Air freight & logistics)
 
20,500
375,643
Yokogawa Electric Corp. (Information technology, Electronic equipment, instruments
& components)
 
16,900
319,259
ZOZO, Inc. (Consumer discretionary, Specialty retail)
 
8,400
171,467
 
 
80,056,522
Luxembourg:  0.17%
 
ArcelorMittal SA (Materials, Metals & mining)
 
17,129
425,323
Eurofins Scientific SE (Health care, Life sciences tools & services)
 
4,167
274,551
Tenaris SA (Energy, Energy equipment & services)
 
2,301
28,703
 
 
728,577
Netherlands:  4.91%
 
ABN AMRO Bank NV (Financials, Banks)144A
 
7,408
107,730
Adyen NV (Financials, Financial services)144A†
 
262
427,583
Airbus SE (Industrials, Aerospace & defense)
 
13,457
1,762,639
Akzo Nobel NV (Materials, Chemicals)
 
796
59,933
ASM International NV (Information technology, Semiconductors & semiconductor
equipment)
 
911
394,766
See accompanying notes to portfolio of investments
12 | Allspring Factor Enhanced International Equity Portfolio
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Netherlands (continued)
 
ASML Holding NV (Information technology, Semiconductors & semiconductor
equipment)
 
9,583
$6,878,356
CNH Industrial NV (Industrials, Machinery)
 
24,963
318,861
Exor NV (Financials, Financial services)†
 
17,179
1,426,042
EXOR NV (Financials, Financial services)†
 
12,000
996,129
Ferrari NV (Consumer discretionary, Automobiles)
 
231
65,828
Heineken Holding NV (Consumer staples, Beverages)
 
4,065
345,651
Heineken NV (Consumer staples, Beverages)
 
5,460
551,404
IMCD NV (Industrials, Trading companies & distributors)
 
474
71,211
JDE Peet’s NV (Consumer staples, Food products)
 
6,382
185,414
Koninklijke Ahold Delhaize NV (Consumer staples, Consumer staples distribution &
retail)
 
31,797
1,008,079
Koninklijke KPN NV (Communication services, Diversified telecommunication
services)
 
150,831
518,817
Koninklijke Philips NV (Health care, Health care equipment & supplies)
 
9,074
171,152
NN Group NV (Financials, Insurance)
 
13,107
472,420
OCI NV (Materials, Chemicals)†
 
15,101
335,581
Prosus NV (Consumer discretionary, Broadline retail)†
 
16,535
1,088,205
QIAGEN NV (Health care, Life sciences tools & services)†
 
3,582
161,614
Randstad NV (Industrials, Professional services)
 
15,727
770,934
Stellantis NV (Consumer discretionary, Automobiles)
 
69,088
1,047,315
STMicroelectronics NV (Information technology, Semiconductors & semiconductor
equipment)
 
13,040
565,832
Universal Music Group NV (Communication services, Entertainment)
 
8,101
160,194
Wolters Kluwer NV (Industrials, Professional services)
 
6,098
696,139
 
 
20,587,829
New Zealand:  0.24%
 
Auckland International Airport Ltd. (Industrials, Transportation infrastructure)†
 
8,169
43,667
Fisher & Paykel Healthcare Corp. Ltd. Class C (Health care, Health care equipment &
supplies)
 
23,888
334,515
Meridian Energy Ltd. (Utilities, Independent power and renewable electricity
producers)
 
56,127
179,506
Spark New Zealand Ltd. (Communication services, Diversified telecommunication
services)
 
144,514
449,130
 
 
1,006,818
Norway:  0.65%
 
DNB Bank ASA (Financials, Banks)
 
10,986
183,889
Equinor ASA (Energy, Oil, gas & consumable fuels)
 
25,262
645,762
Kongsberg Gruppen ASA (Industrials, Aerospace & defense)
 
11,083
443,911
Mowi ASA (Consumer staples, Food products)
 
12,010
206,114
Norsk Hydro ASA (Materials, Metals & mining)
 
70,661
427,014
Telenor ASA (Communication services, Diversified telecommunication services)
 
19,134
196,508
Yara International ASA (Materials, Chemicals)
 
16,223
605,355
 
 
2,708,553
Portugal:  0.17%
 
EDP - Energias de Portugal SA (Utilities, Electric utilities)
 
60,014
292,648
See accompanying notes to portfolio of investments
Allspring Factor Enhanced International Equity Portfolio | 13
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Portugal (continued)
 
Galp Energia SGPS SA (Energy, Oil, gas & consumable fuels)
 
21,140
$223,615
Jeronimo Martins SGPS SA (Consumer staples, Consumer staples distribution & retail)
 
8,756
211,333
 
 
727,596
Singapore:  1.53%
 
CapitaLand Ascendas REIT (Real estate, Industrial REITs)†
 
140,700
280,921
CapitaLand Ascott Trust (Real estate, Hotel & resort REITs)
 
7,012
5,496
CapitaLand Integrated Commercial Trust (Real estate, Retail REITs)
 
84,800
125,416
Capitaland Investment Ltd. (Real estate, Real estate management & development)
 
123,000
301,065
City Developments Ltd. (Real estate, Real estate management & development)
 
108,400
541,078
DBS Group Holdings Ltd. (Financials, Banks)
 
33,213
744,179
Genting Singapore Ltd. (Consumer discretionary, Hotels, restaurants & leisure)
 
671,624
501,620
Jardine Cycle & Carriage Ltd. (Industrials, Industrial conglomerates)
 
27,800
664,626
Keppel Corp. Ltd. (Industrials, Industrial conglomerates)
 
56,900
265,503
Mapletree Logistics Trust (Real estate, Industrial REITs)
 
71,500
87,769
Oversea-Chinese Banking Corp. Ltd. (Financials, Banks)
 
83,696
759,410
Singapore Airlines Ltd. (Industrials, Passenger airlines)†
 
8,300
39,343
Singapore Exchange Ltd. (Financials, Capital markets)
 
20,300
139,306
Singapore Telecommunications Ltd. (Communication services, Diversified
telecommunication services)
 
200,500
369,182
United Overseas Bank Ltd. (Financials, Banks)
 
18,886
390,345
UOL Group Ltd. (Real estate, Real estate management & development)
 
46,573
218,693
Venture Corp. Ltd. (Information technology, Electronic equipment, instruments &
components)
 
70,100
786,377
Wilmar International Ltd. (Consumer staples, Food products)
 
61,785
178,643
 
 
6,398,972
Spain:  2.30%
 
Acciona SA (Utilities, Electric utilities)†
 
474
76,658
ACS Actividades de Construccion y Servicios SA (Industrials, Construction &
engineering)†
 
11,863
394,613
Aena SME SA (Industrials, Transportation infrastructure)144A
 
3,309
517,108
Amadeus IT Group SA (Consumer discretionary, Hotels, restaurants & leisure)†
 
10,716
766,295
Banco Bilbao Vizcaya Argentaria SA (Financials, Banks)
 
205,639
1,345,222
Banco Santander SA (Financials, Banks)
 
412,345
1,342,101
CaixaBank SA (Financials, Banks)
 
91,486
335,124
Corp. Acciona Energias Renovables SA (Utilities, Independent power and renewable
electricity producers)†
 
12,993
432,201
Enagas SA (Utilities, Gas utilities)
 
4,011
76,551
Grifols SA (Health care, Biotechnology)†
 
24,569
284,809
Iberdrola SA (Utilities, Electric utilities)
 
133,145
1,622,434
Industria de Diseno Textil SA (Consumer discretionary, Specialty retail)
 
29,246
978,159
Naturgy Energy Group SA (Utilities, Gas utilities)
 
4,394
125,027
Red Electrica Corp. SA (Utilities, Electric utilities)
 
12,853
217,688
Repsol SA (Energy, Oil, gas & consumable fuels)
 
58,108
788,197
Telefonica SA (Communication services, Diversified telecommunication services)
 
77,785
330,083
 
 
9,632,270
See accompanying notes to portfolio of investments
14 | Allspring Factor Enhanced International Equity Portfolio
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Sweden:  3.00%
 
Alfa Laval AB (Industrials, Machinery)
 
3,457
$124,176
Assa Abloy AB Class B (Industrials, Building products)
 
19,450
431,593
Atlas Copco AB Class A (Industrials, Machinery)
 
57,479
837,147
Atlas Copco AB Class B (Industrials, Machinery)
 
27,575
347,108
Boliden AB (Materials, Metals & mining)†
 
14,128
430,214
Electrolux AB Class B (Consumer discretionary, Household durables)†
 
13,098
172,479
Epiroc AB Class A (Industrials, Machinery)
 
14,610
255,801
Epiroc AB Class B (Industrials, Machinery)
 
9,209
139,088
Essity AB Class B (Consumer staples, Household products)
 
14,666
389,767
Evolution AB (Consumer discretionary, Hotels, restaurants & leisure)144A
 
6,533
858,240
Fastighets AB Balder Class B (Real estate, Real estate management & development)†
 
76,152
255,716
Getinge AB Class B (Health care, Health care equipment & supplies)
 
20,225
465,005
H & M Hennes & Mauritz AB Class B (Consumer discretionary, Specialty retail)
 
24,559
306,518
Husqvarna AB Class B (Industrials, Machinery)
 
40,008
295,310
Industrivarden AB Class A (Financials, Financial services)
 
18,445
496,318
Industrivarden AB Class C (Financials, Financial services)
 
5,824
155,692
Indutrade AB (Industrials, Machinery)
 
2,754
64,765
Kinnevik AB Class B (Financials, Financial services)†
 
28,475
408,686
L E Lundbergforetagen AB Class B (Financials, Financial services)
 
5,328
221,628
Nibe Industrier AB Class B (Industrials, Building products)
 
1,990
18,989
Sandvik AB (Industrials, Machinery)
 
14,489
254,550
Securitas AB Class B (Industrials, Commercial services & supplies)†
 
66,080
486,658
Skandinaviska Enskilda Banken AB Class A (Financials, Banks)
 
39,405
411,959
Skanska AB Class B (Industrials, Construction & engineering)
 
20,097
264,829
SKF AB Class B (Industrials, Machinery)
 
33,771
534,956
Svenska Handelsbanken AB Class A (Financials, Banks)
 
59,638
471,199
Swedbank AB Class A (Financials, Banks)
 
49,424
756,267
Swedish Orphan Biovitrum AB (Health care, Biotechnology)†
 
28,911
580,788
Tele2 AB Class B (Communication services, Wireless telecommunication services)
 
46,264
420,357
Telefonaktiebolaget LM Ericsson Class B (Information technology, Communications
equipment)
 
75,665
391,301
Volvo AB Class A (Industrials, Machinery)
 
16,624
320,476
Volvo AB Class B (Industrials, Machinery)
 
54,620
1,007,911
 
 
12,575,491
Switzerland:  9.15%
 
ABB Ltd. (Industrials, Electrical equipment)
 
44,513
1,625,586
Adecco Group AG (Industrials, Professional services)
 
13,669
407,631
Alcon, Inc. (Health care, Health care equipment & supplies)
 
10,488
813,705
Bachem Holding AG (Health care, Life sciences tools & services)
 
841
88,278
Baloise Holding AG (Financials, Insurance)
 
1,012
155,453
BKW AG (Utilities, Electric utilities)
 
1,673
299,974
Chocoladefabriken Lindt & Spruengli AG (Consumer staples, Food products)
 
14
167,401
Chocoladefabriken Lindt & Spruengli AG (Consumer staples, Food products)
 
1
120,999
CIE Financiere Richemont SA Class A (Consumer discretionary, Textiles, apparel &
luxury goods)
 
12,425
1,972,038
Clariant AG (Materials, Chemicals)
 
20,244
291,851
Coca-Cola HBC AG (Consumer staples, Beverages)†
 
13,210
392,410
DSM-Firmenich AG (Materials, Chemicals)†
 
983
109,318
See accompanying notes to portfolio of investments
Allspring Factor Enhanced International Equity Portfolio | 15
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
Switzerland (continued)
 
Geberit AG (Industrials, Building products)
 
871
$461,346
Holcim AG (Materials, Construction materials)
 
13,935
858,974
Julius Baer Group Ltd. (Financials, Capital markets)
 
11,667
712,766
Kuehne & Nagel International AG (Industrials, Marine transportation)
 
98
27,880
Logitech International SA (Information technology, Technology hardware, storage &
peripherals)†
 
4,396
281,692
Lonza Group AG (Health care, Life sciences tools & services)
 
1,868
1,167,872
Nestle SA (Consumer staples, Food products)
 
62,775
7,437,192
Novartis AG (Health care, Pharmaceuticals)
 
55,567
5,317,837
Partners Group Holding AG (Financials, Capital markets)
 
804
724,593
Roche Holding AG (Health care, Pharmaceuticals)
 
1,672
563,606
Roche Holding AG (Health care, Pharmaceuticals)
 
16,593
5,250,730
Schindler Holding AG (Industrials, Machinery)
 
2,670
552,909
Schindler Holding AG (Industrials, Machinery)
 
1,657
332,219
SGS SA (Industrials, Professional services)
 
2,537
225,189
Siemens Energy AG (Industrials, Electrical equipment)†
 
2,798
71,001
Sika AG (Materials, Chemicals)
 
2,356
642,581
Sonova Holding AG (Health care, Health care equipment & supplies)
 
2,383
610,697
Straumann Holding AG (Health care, Health care equipment & supplies)
 
2,754
402,479
Swatch Group AG (Consumer discretionary, Textiles, apparel & luxury goods)
 
1,739
516,688
Swatch Group AG (Consumer discretionary, Textiles, apparel & luxury goods)
 
1,143
64,131
Swiss Life Holding AG (Financials, Insurance)
 
748
432,004
Swiss Re AG (Financials, Insurance)
 
7,484
749,592
Swisscom AG (Communication services, Diversified telecommunication services)
 
895
566,825
Temenos AG (Information technology, Software)
 
3,468
292,214
UBS Group AG (Financials, Capital markets)
 
98,156
1,858,039
Zurich Insurance Group AG (Financials, Insurance)
 
3,748
1,753,113
 
 
38,318,813
United Kingdom:  12.32%
 
3i Group PLC (Financials, Capital markets)
 
48,719
1,185,111
abrdn PLC (Financials, Capital markets)
 
146,607
362,008
Anglo American PLC (Materials, Metals & mining)
 
30,385
840,425
Ashtead Group PLC (Industrials, Trading companies & distributors)
 
4,785
291,663
Associated British Foods PLC (Consumer staples, Food products)
 
10,748
244,069
AstraZeneca PLC (Health care, Pharmaceuticals)
 
32,623
4,731,788
Auto Trader Group plc (Communication services, Interactive media & services)144A
 
79,144
620,242
Aviva PLC (Financials, Insurance)
 
144,513
708,641
BAE Systems PLC (Industrials, Aerospace & defense)
 
109,549
1,264,890
Barclays PLC (Financials, Banks)
 
409,588
771,088
Barratt Developments PLC (Consumer discretionary, Household durables)
 
14,208
81,795
BP PLC (Energy, Oil, gas & consumable fuels)
 
412,958
2,328,598
British American Tobacco PLC (Consumer staples, Tobacco)
 
38,699
1,229,726
British Land Co. PLC (Real estate, Diversified REITs)
 
76,337
325,711
BT Group PLC (Communication services, Diversified telecommunication services)
 
319,866
584,312
Bunzl PLC (Industrials, Trading companies & distributors)
 
6,339
247,917
Burberry Group PLC (Consumer discretionary, Textiles, apparel & luxury goods)
 
19,477
521,880
CK Hutchison Holdings Ltd. (Industrials, Industrial conglomerates)
 
126,570
765,357
Coca-Cola Europacific Partners PLC (Consumer staples, Beverages)
 
3,393
211,689
See accompanying notes to portfolio of investments
16 | Allspring Factor Enhanced International Equity Portfolio
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
 
Shares
Value
United Kingdom (continued)
 
Compass Group PLC (Consumer discretionary, Hotels, restaurants & leisure)
 
55,701
$1,525,749
Diageo PLC (Consumer staples, Beverages)
 
41,525
1,728,893
Dowlais Group PLC (Consumer discretionary, Automobile components)†
 
23,586
38,376
GSK PLC (Health care, Pharmaceuticals)
 
100,305
1,679,962
Haleon PLC (Consumer staples, Personal care products)
 
26,005
102,934
Hargreaves Lansdown PLC (Financials, Capital markets)
 
88,448
882,619
Hikma Pharmaceuticals plc (Health care, Pharmaceuticals)
 
10,587
235,935
HSBC Holdings PLC (Financials, Banks)†
 
449,603
3,302,569
Imperial Brands PLC (Consumer staples, Tobacco)
 
33,938
715,581
InterContinental Hotels Group PLC (Consumer discretionary, Hotels, restaurants &
leisure)
 
6,008
393,712
J Sainsbury plc (Consumer staples, Consumer staples distribution & retail)
 
115,902
390,141
Johnson Matthey PLC (Materials, Chemicals)
 
49,060
1,055,787
Kingfisher PLC (Consumer discretionary, Specialty retail)
 
191,256
549,579
Land Securities Group PLC (Real estate, Diversified REITs)
 
16,810
125,883
Lloyds Banking Group PLC (Financials, Banks)
 
1,759,629
966,833
London Stock Exchange Group PLC (Financials, Capital markets)
 
3,320
353,108
Melrose Industries PLC (Industrials, Aerospace & defense)
 
23,586
138,367
National Grid PLC (Utilities, Multi-utilities)
 
73,018
1,004,588
NatWest Group PLC (Financials, Banks)
 
198,118
639,781
Next PLC (Consumer discretionary, Broadline retail)
 
7,907
624,187
NMC Health PLC (Health care, Health care providers & services)†
 
7,509
23
Pearson PLC (Consumer discretionary, Diversified consumer services)
 
41,818
415,220
Persimmon PLC (Consumer discretionary, Household durables)
 
6,310
94,310
Prudential PLC (Financials, Insurance)
 
5,928
77,871
Reckitt Benckiser Group PLC (Consumer staples, Household products)
 
15,637
1,214,950
RELX PLC (Industrials, Professional services)
 
36,115
1,127,624
Rio Tinto PLC (Materials, Metals & mining)
 
28,032
1,667,502
Rolls-Royce Holdings PLC (Industrials, Aerospace & defense)†
 
27,938
49,802
Sage Group PLC (Information technology, Software)
 
46,130
499,809
Schroders PLC (Financials, Capital markets)
 
69,787
395,513
Severn Trent PLC (Utilities, Water utilities)
 
259
8,934
Shell PLC (Energy, Oil, gas & consumable fuels)
 
172,307
4,759,447
Smith & Nephew PLC (Health care, Health care equipment & supplies)
 
37,512
560,890
SSE PLC (Utilities, Electric utilities)
 
22,849
534,779
Standard Chartered PLC (Financials, Banks)
 
70,513
555,760
Taylor Wimpey PLC (Consumer discretionary, Household durables)
 
122,523
174,055
Tesco PLC (Consumer staples, Consumer staples distribution & retail)
 
187,924
609,667
Unilever PLC (Consumer staples, Personal care products)
 
67,466
3,381,311
United Utilities Group PLC (Utilities, Water utilities)
 
27,239
343,075
Vodafone Group PLC (Communication services, Wireless telecommunication services)
 
779,650
740,671
Whitbread PLC (Consumer discretionary, Hotels, restaurants & leisure)
 
5,253
214,723
WPP PLC (Communication services, Media)
 
40,027
425,120
 
 
51,622,550
United States:  0.09%
 
Experian PLC (Industrials, Professional services)
 
11,076
390,193
Total common stocks (Cost $353,559,600)
 
404,698,466
See accompanying notes to portfolio of investments
Allspring Factor Enhanced International Equity Portfolio | 17
Portfolio of investments—May 31, 2023 (unaudited)
 
 
 
 
Dividend
rate
 
Shares
Value
Preferred stocks:  0.42%
 
Germany:  0.42%
 
Bayerische Motoren Werke AG (Consumer discretionary, Automobiles)
8.52
%
 
1,054
$108,325
Henkel AG & Co. KGaA (Consumer staples, Household products)
1.85
 
6,484
516,618
Sartorius AG (Health care, Life sciences tools & services)
1.44
 
1,176
394,078
Volkswagen AG (Consumer discretionary, Automobiles)
8.76
 
5,810
723,998
Total preferred stocks (Cost $1,912,965)
 
1,743,019
 
 
 
Yield
 
 
 
Short-term investments:  1.74%
 
Investment companies:  1.74%
 
Allspring Government Money Market Fund Select Class♠∞
5.01
 
7,277,676
7,277,676
Total short-term investments (Cost $7,277,676)
 
7,277,676
Total investments in securities (Cost $362,750,241)
98.75
%
 
413,719,161
Other assets and liabilities, net
1.25
 
5,250,883
Total net assets
100.00
%
 
$418,970,044
 
†
Non-income-earning security
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.
♠
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.
 
Abbreviations:
AGC
Assured Guaranty Corporation
REIT
Real estate investment trust
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
$14,960,264
$16,172,275
$(23,854,863
)
$0
$0
$7,277,676
7,277,676
$105,992
Futures contracts 
Description
Number of
contracts
Expiration
date
Notional
cost
Notional
value
Unrealized
gains
Unrealized
losses
Long
MSCI EAFE Index
88
6-16-2023
$9,401,258
$9,034,960
$0
$(366,298
)
See accompanying notes to portfolio of investments
18 | Allspring Factor Enhanced International Equity Portfolio
Notes to portfolio of investments—May 31, 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 Portfolio may deviate from this calculation time under unusual or unexpected circumstances.
Equity securities 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.
The values of securities denominated in foreign currencies are translated into U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee at Allspring Funds Management, LLC (“Allspring Funds Management”).
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 any of the methods discussed above are valued at their fair value, as determined in good faith by 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.
Foreign currency translation
The accounting records of the Portfolio are maintained in U.S. dollars. The values of other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee. Purchases and sales of securities, and income and expenses are converted at the rate of exchange on the respective dates of such transactions. Net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the U.S. dollar equivalent of the amounts actually paid or received. Net unrealized foreign exchange gains and losses arise from changes in the fair value of assets and liabilities other than investments in securities resulting from changes in exchange rates. The changes in net assets arising from changes in exchange rates of securities and the changes in net assets resulting from changes in market prices of securities are not separately presented. Such changes are included in net realized and unrealized gains or losses from investments.
Futures contracts
Futures contracts are agreements between the Portfolio 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 Portfolio may buy and sell futures contracts in order to gain exposure to, or protect against, changes in security values and is subject to 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio fail to make requested variation margin payments, the broker can gain access to the initial margin to satisfy the Portfolio’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 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) 
Allspring Factor Enhanced International Equity Portfolio | 19
Notes to portfolio of investments—May 31, 2023 (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 May 31, 2023: 
 
Quoted prices
(Level 1)
Other significant
observable inputs
(Level 2)
Significant
unobservable inputs
(Level 3)
Total
Assets
Investments in:
Common stocks
Australia
$27,363,585
$0
$0
$27,363,585
Austria
537,836
0
0
537,836
Belgium
3,575,776
0
0
3,575,776
Canada
41,975,304
0
0
41,975,304
China
436,201
0
0
436,201
Denmark
11,804,249
0
0
11,804,249
Finland
3,953,032
0
0
3,953,032
France
39,022,659
0
0
39,022,659
Germany
29,531,003
0
0
29,531,003
Hong Kong
8,788,270
0
0
8,788,270
Ireland
2,255,265
0
0
2,255,265
Isle of Man (U.K.)
226,918
0
0
226,918
Israel
3,091,219
0
0
3,091,219
Italy
7,382,965
0
0
7,382,965
Japan
80,056,522
0
0
80,056,522
Luxembourg
728,577
0
0
728,577
Netherlands
20,587,829
0
0
20,587,829
New Zealand
1,006,818
0
0
1,006,818
Norway
2,708,553
0
0
2,708,553
Portugal
727,596
0
0
727,596
Singapore
6,398,972
0
0
6,398,972
Spain
9,632,270
0
0
9,632,270
Sweden
12,575,491
0
0
12,575,491
Switzerland
38,318,813
0
0
38,318,813
United Kingdom
51,622,527
23
0
51,622,550
United States
390,193
0
0
390,193
Preferred stocks
Germany
1,743,019
0
0
1,743,019
Short-term investments
Investment companies
7,277,676
0
0
7,277,676
Total assets
$413,719,138
$23
$0
$413,719,161
Liabilities
Futures contracts
$366,298
$0
$0
$366,298
Total liabilities
$366,298
$0
$0
$366,298
Futures contracts are reported at their cumulative unrealized gains (losses) at measurement date as reported in the table following each 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, 2023, $1,044,690 was segregated as cash collateral for these open futures contracts. 
For the three months ended May 31, 2023, the Portfolio did not have any transfers into/out of Level 3.
20 | Allspring Factor Enhanced International Equity Portfolio