# EDGAR Filing Document

**Accession Number:** 0001034106
**File Stem:** 0001034106-26-000012
**Filing Date:** 2026-3
**Character Count:** 297456
**Document Hash:** 2f2024d90f0d0ff5fb3a3e288d702548
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001034106-26-000012.hdr.sgml**: 20260323

**ACCESSION NUMBER**: 0001034106-26-000012

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260323

**DATE AS OF CHANGE**: 20260323

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERATED HERMES CORE TRUST
- **CENTRAL INDEX KEY:** 0001034106

**ORGANIZATION NAME:**
- **EIN:** 232934777
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1212

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08519
- **FILM NUMBER:** 26780213

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED CORE TRUST
- **DATE OF NAME CHANGE:** 20180601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED CORE TRUST/PA
- **DATE OF NAME CHANGE:** 19971126

## Series and Classes Contracts Data

### Emerging Markets Core Fund (Series ID: S000054054)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000169915 | Emerging Markets Core Fund |  |

## Nport-Ex

Emerging Markets Core Fund

Portfolio of Investments

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value in** <br>**U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—78.0% |  |
|  | **Banking—1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $1250000 | Banco De Bogota S.A., Sub., REGS, 6.250%, 5/12/2026 | &nbsp;&nbsp; $1257041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Banco Do Brasil S.A., Sr. Unsecd. Note, 144A, 6.000%, 3/18/2031 | &nbsp;&nbsp; 514058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Banco Nacional de Comercio Exterior, Sub., REGS, 2.720%, 8/11/2031 | &nbsp;&nbsp; 1966788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Corp Financiera de Desarrollo S.A., Sr. Unsecd. Note, 144A, 5.950%, 4/30/2029 | &nbsp;&nbsp; 779812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000<br><sup>1</sup> <br>| Industrial and Commercial Bank of China Ltd., Jr. Sub. Note, 3.200%, 9/24/2026 | &nbsp;&nbsp; 2484932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | OTP Bank Nyrt, Sub., Series EMTN, 8.750%, 5/15/2033 | &nbsp;&nbsp; 1600877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Turkiye Vakiflar Bankasi T.A.O., Sr. Unsecd. Note, 144A, 9.000%, 10/12/2028 | &nbsp;&nbsp; 1087151 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9690659 |
|  | **Chemicals & Plastics—0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3800000<br><sup>1</sup> <br>| OCP S.A., Sr. Unsecd. Note, 144A, 5.125%, 12/23/2050 | &nbsp;&nbsp; 3087251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000<br><sup>1</sup> <br>| OCP S.A., Sr. Unsecd. Note, REGS, 3.750%, 3/23/2031 | &nbsp;&nbsp; 1398748 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4485999 |
|  | **Finance—0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2700000 | China Overseas Finance Cayman VII Ltd., Sr. Unsecd. Note, 4.750%, 4/26/2028 | &nbsp;&nbsp; 2726459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3600000 | Turkiye Varlik Fonu Yonetimi AS, Sr. Unsecd. Note, 8.250%, 2/14/2029 | &nbsp;&nbsp; 3860655 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6587114 |
|  | **Financial Intermediaries—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | CFAMC III Co. Ltd., Sr. Unsecd. Note, Series EMTN, 4.250%, 11/7/2027 | &nbsp;&nbsp; 398797 |
|  | **Oil & Gas—9.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Ecopetrol S.A., Sr. Unsecd. Note, 5.875%, 5/28/2045 | &nbsp;&nbsp; 1512633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Ecopetrol S.A., Sr. Unsecd. Note, 5.875%, 11/2/2051 | &nbsp;&nbsp; 1083981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Ecopetrol S.A., Sr. Unsecd. Note, 6.875%, 4/29/2030 | &nbsp;&nbsp; 2529175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2250000 | Ecopetrol S.A., Sr. Unsecd. Note, 8.375%, 1/19/2036 | &nbsp;&nbsp; 2329306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Ecopetrol S.A., Sr. Unsecd. Note, 8.625%, 1/19/2029 | &nbsp;&nbsp; 2465492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Ecopetrol S.A., Sr. Unsecd. Note, 8.875%, 1/13/2033 | &nbsp;&nbsp; 2043433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Edo Sukuk Ltd., Sr. Unsecd. Note, 144A, 5.875%, 9/21/2033 | &nbsp;&nbsp; 949426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Petrobras Global Finance B.V., Sr. Unsecd. Note, 5.125%, 9/10/2030 | &nbsp;&nbsp; 2178990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Petrobras Global Finance B.V., Sr. Unsecd. Note, 5.500%, 6/10/2051 | &nbsp;&nbsp; 249329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7100000 | Petrobras Global Finance B.V., Sr. Unsecd. Note, 6.000%, 1/13/2035 | &nbsp;&nbsp; 7076037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Petrobras Global Finance B.V., Sr. Unsecd. Note, 6.250%, 1/10/2036 | &nbsp;&nbsp; 983750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Petroleos de Venezuela S.A., Co. Guarantee, 5.375%, 4/12/2027 | &nbsp;&nbsp; 351000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Petroleos del Peru S.A., Sr. Unsecd. Note, REGS, 4.750%, 6/19/2032 | &nbsp;&nbsp; 453468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000 | Petroleos del Peru S.A., Sr. Unsecd. Note, REGS, 5.625%, 6/19/2047 | &nbsp;&nbsp; 1209825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | Petroleos Mexicanos, 6.500%, 6/2/2041 | &nbsp;&nbsp; 1090687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2250000 | Petroleos Mexicanos, Co. Guarantee, 6.625%, 6/15/2035 | &nbsp;&nbsp; 2145260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Petroleos Mexicanos, Sr. Note, 6.840%, 1/23/2030 | &nbsp;&nbsp; 3079074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Petroleos Mexicanos, Sr. Secd. Note, 10.000%, 2/7/2033 | &nbsp;&nbsp; 1166400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4450000 | Petroleos Mexicanos, Sr. Unsecd. Note, 5.950%, 1/28/2031 | &nbsp;&nbsp; 4343983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5450000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.700%, 2/16/2032 | &nbsp;&nbsp; 5444607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4550000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.750%, 9/21/2047 | &nbsp;&nbsp; 3754984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4625000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.950%, 1/28/2060 | &nbsp;&nbsp; 3769999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | Petroleos Mexicanos, Sr. Unsecd. Note, 7.690%, 1/23/2050 | &nbsp;&nbsp; 6302455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3150000 | Petroleos Mexicanos, Sr. Unsecd. Note, 8.750%, 6/2/2029 | &nbsp;&nbsp; 3384143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2850000 | Petroleos Mexicanos, Sr. Unsecd. Note, Series WI, 6.350%, 2/12/2048 | &nbsp;&nbsp; 2261974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Petroleos Mexicanos, Sr. Unsecd. Note, Series WI, 6.500%, 1/23/2029 | &nbsp;&nbsp; 764944 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Oil & Gas—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $200000 | Petronas Capital Ltd., Sr. Unsecd. Note, 144A, 4.550%, 4/21/2050 | &nbsp;&nbsp; $175407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Qatar Petroleum, Sr. Unsecd. Note, REGS, 3.125%, 7/12/2041 | &nbsp;&nbsp; 1534075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Southern Gas Corridor CJSC, Sr. Unsecd. Note, REGS, 6.875%, 3/24/2026 | &nbsp;&nbsp; 805059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875000 | YPF Sociedad Anonima, 144A, 8.250%, 1/17/2034 | &nbsp;&nbsp; 892985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 985000 | YPF Sociedad Anonima, Sec. Fac. Bond, 9.500%, 1/17/2031 | &nbsp;&nbsp; 1044926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1550000 | YPF Sociedad Anonima, Sr. Unsecd. Note, 144A, 8.750%, 9/11/2031 | &nbsp;&nbsp; 1604193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2050000 | YPF Sociedad Anonima, Sr. Unsecd. Note, 144A, 9.000%, 6/30/2029 | &nbsp;&nbsp; 2130253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 71111253 |
|  | **Real Estate—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | China Great Wall International Holdings III Ltd., Sr. Unsecd. Note, Series EMTN, 3.875%, 8/31/2027 | &nbsp;&nbsp; 1093090 |
|  | **Sovereign—62.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Abu Dhabi, Government of, Sr. Unsecd. Note, REGS, 3.000%, 9/15/2051 | &nbsp;&nbsp; 672147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Angola, Government of, Sr. Unsecd. Note, 144A, 8.000%, 11/26/2029 | &nbsp;&nbsp; 1078843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5300000 | Angola, Government of, Sr. Unsecd. Note, 144A, 8.750%, 4/14/2032 | &nbsp;&nbsp; 5184362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Angola, Government of, Sr. Unsecd. Note, REGS, 8.000%, 11/26/2029 | &nbsp;&nbsp; 3923537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13102770 | Argentina Bonar Bonds, Unsecd. Note, 0.750%, 7/9/2030 | &nbsp;&nbsp; 7713600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10429831 | Argentina, Government of, Sr. Unsecd. Note, 0.750%, 7/9/2030 | &nbsp;&nbsp; 8823637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2030000 | Argentina, Government of, Sr. Unsecd. Note, 1.000%, 7/9/2029 | &nbsp;&nbsp; 1786400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9500000 | Argentina, Government of, Sr. Unsecd. Note, 3.500%, 7/9/2041 | &nbsp;&nbsp; 6868500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20332671 | Argentina, Government of, Sr. Unsecd. Note, 4.125%, 7/9/2035 | &nbsp;&nbsp; 15727321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1584091 | Argentina, Government of, Sr. Unsecd. Note, 4.125%, 7/9/2046 | &nbsp;&nbsp; 1160347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10050000 | Argentina, Government of, Sr. Unsecd. Note, 5.000%, 1/9/2038 | &nbsp;&nbsp; 8085225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Argentina, Government of, Unsecd. Note, 1.000%, 7/9/2029 | &nbsp;&nbsp; 833028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000000 | Argentina, Government of, Unsecd. Note, 4.125%, 7/9/2035 | &nbsp;&nbsp; 8388490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500000 | Argentina, Government of, Unsecd. Note, 5.000%, 1/9/2038 | &nbsp;&nbsp; 4311945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640000 | Argentina, Government of, Unsecd. Note, Series 1A, 5.000%, 10/31/2027 | &nbsp;&nbsp; 630464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Argentina, Government of, Unsecd. Note, Series 1B, 5.000%, 10/31/2027 | &nbsp;&nbsp; 780000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2900000 | Argentina, Government of, Unsecd. Note, Series 1C, 5.000%, 10/31/2027 | &nbsp;&nbsp; 2801777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4360000 | Argentina, Government of, Unsecd. Note, Series 1D, 5.000%, 10/31/2027 | &nbsp;&nbsp; 4184946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | Argentina, Government of, Unsecd. Note, Series 4A, 3.000%, 10/31/2028 | &nbsp;&nbsp; 391811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Armenia, Government of, Sr. Unsecd. Note, REGS, 3.950%, 9/26/2029 | &nbsp;&nbsp; 952108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Azerbaijan, Government of, Sr. Unsecd. Note, REGS, 3.500%, 9/1/2032 | &nbsp;&nbsp; 745193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2700000 | Bahamas, Government of, Sr. Unsecd. Note, REGS, 8.950%, 10/15/2032 | &nbsp;&nbsp; 3048111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 5.250%, 1/25/2033 | &nbsp;&nbsp; 2417173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3200000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 5.450%, 9/16/2032 | &nbsp;&nbsp; 3029038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 5.625%, 5/18/2034 | &nbsp;&nbsp; 1213098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 7.375%, 5/14/2030 | &nbsp;&nbsp; 1047146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100000 | Bahrain, Kingdom of, Sr. Unsecd. Note, 144A, 7.500%, 7/7/2037 | &nbsp;&nbsp; 2185462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Bahrain, Kingdom of, Sr. Unsecd. Note, REGS, 5.250%, 1/25/2033 | &nbsp;&nbsp; 2328967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Bahrain, Kingdom of, Sr. Unsecd. Note, REGS, 6.750%, 9/20/2029 | &nbsp;&nbsp; 1022826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Bahrain, Kingdom of, Sr. Unsecd. Note, REGS, 7.375%, 5/14/2030 | &nbsp;&nbsp; 1047474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Barbados, Government of, Sr. Unsecd. Note, 144A, 8.000%, 6/26/2035 | &nbsp;&nbsp; 1071650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Barbados, Government of, Sr. Unsecd. Note, REGS, 8.000%, 6/26/2035 | &nbsp;&nbsp; 214330 |
| &nbsp;&nbsp;&nbsp;&nbsp; EUR 1,300,000 | Benin, Government of, Sr. Unsecd. Note, 144A, 4.950%, 1/22/2035 | &nbsp;&nbsp; 1447850 |
| &nbsp;&nbsp;&nbsp;&nbsp; $800000 | Benin, Government of, Sr. Unsecd. Note, 144A, 7.960%, 2/13/2038 | &nbsp;&nbsp; 835520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Benin, Government of, Sr. Unsecd. Note, 144A, 8.375%, 1/23/2041 | &nbsp;&nbsp; 212008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Bolivia, Government of, Sr. Unsecd. Note, 144A, 4.500%, 3/20/2028 | &nbsp;&nbsp; 471715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Bolivia, Government of, Sr. Unsecd. Note, REGS, 4.500%, 3/20/2028 | &nbsp;&nbsp; 283029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | Bolivia, Government of, Sr. Unsecd. Note, REGS, 7.500%, 3/2/2030 | &nbsp;&nbsp; 1586763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Brazil, Government of, Bond, 8.250%, 1/20/2034 | &nbsp;&nbsp; 3467670 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $3600000 | Brazil, Government of, Sr. Secd. Note, 5.625%, 2/21/2047 | &nbsp;&nbsp; $3053556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500000 | Brazil, Government of, Sr. Unsecd. Note, 3.750%, 9/12/2031 | &nbsp;&nbsp; 5092890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Brazil, Government of, Sr. Unsecd. Note, 4.750%, 1/14/2050 | &nbsp;&nbsp; 2200200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Brazil, Government of, Sr. Unsecd. Note, 5.500%, 11/6/2030 | &nbsp;&nbsp; 3054000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4450000 | Brazil, Government of, Sr. Unsecd. Note, 6.000%, 10/20/2033 | &nbsp;&nbsp; 4497170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | Brazil, Government of, Sr. Unsecd. Note, 6.125%, 3/15/2034 | &nbsp;&nbsp; 1718530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Brazil, Government of, Sr. Unsecd. Note, 6.250%, 3/18/2031 | &nbsp;&nbsp; 4184000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4625000 | Brazil, Government of, Sr. Unsecd. Note, 6.625%, 3/15/2035 | &nbsp;&nbsp; 4752187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883000 | Brazil, Government of, Sr. Unsecd. Note, 7.125%, 5/13/2054 | &nbsp;&nbsp; 882417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2109000 | Brazil, Government of, Sr. Unsecd. Note, 7.250%, 1/12/2056 | &nbsp;&nbsp; 2104782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Brazil, Government of, Unsecd. Note, 4.500%, 5/30/2029 | &nbsp;&nbsp; 1487100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRL 2,000 | Brazil, Government of, Unsecd. Note, Series NTNF, 10.000%, 1/1/2033 | &nbsp;&nbsp; 328526 |
| &nbsp;&nbsp;&nbsp;&nbsp; $3800000 | Colombia, Government of, 7.375%, 9/18/2037 | &nbsp;&nbsp; 3854340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Colombia, Government of, 8.375%, 11/7/2054 | &nbsp;&nbsp; 1584375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Colombia, Government of, Sr. Unsecd. Note, 3.000%, 1/30/2030 | &nbsp;&nbsp; 357640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Colombia, Government of, Sr. Unsecd. Note, 3.125%, 4/15/2031 | &nbsp;&nbsp; 691040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2350000 | Colombia, Government of, Sr. Unsecd. Note, 3.250%, 4/22/2032 | &nbsp;&nbsp; 1984222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5200000 | Colombia, Government of, Sr. Unsecd. Note, 5.000%, 6/15/2045 | &nbsp;&nbsp; 3824600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Colombia, Government of, Sr. Unsecd. Note, 5.200%, 5/15/2049 | &nbsp;&nbsp; 661500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1187000 | Colombia, Government of, Sr. Unsecd. Note, 5.375%, 1/21/2029 | &nbsp;&nbsp; 1180175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400000 | Colombia, Government of, Sr. Unsecd. Note, 5.625%, 2/26/2044 | &nbsp;&nbsp; 1942440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287000 | Colombia, Government of, Sr. Unsecd. Note, 6.125%, 1/21/2031 | &nbsp;&nbsp; 285795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | Colombia, Government of, Sr. Unsecd. Note, 6.500%, 1/21/2033 | &nbsp;&nbsp; 272374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | Colombia, Government of, Sr. Unsecd. Note, 7.375%, 4/25/2030 | &nbsp;&nbsp; 1672800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600000 | Colombia, Government of, Sr. Unsecd. Note, 7.500%, 2/2/2034 | &nbsp;&nbsp; 2710760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400000 | Colombia, Government of, Sr. Unsecd. Note, 7.750%, 11/7/2036 | &nbsp;&nbsp; 3551980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2700000 | Colombia, Government of, Sr. Unsecd. Note, 8.000%, 4/20/2033 | &nbsp;&nbsp; 2897505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1614000 | Colombia, Government of, Sr. Unsecd. Note, 8.000%, 11/14/2035 | &nbsp;&nbsp; 1722784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Costa Rica, Government of, Sr. Unsecd. Note, REGS, 5.625%, 4/30/2043 | &nbsp;&nbsp; 476835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Costa Rica, Government of, Sr. Unsecd. Note, REGS, 6.125%, 2/19/2031 | &nbsp;&nbsp; 2605025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3800000 | Costa Rica, Government of, Sr. Unsecd. Note, REGS, 6.550%, 4/3/2034 | &nbsp;&nbsp; 4113956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3350000 | Costa Rica, Government of, Unsecd. Note, 144A, 7.300%, 11/13/2054 | &nbsp;&nbsp; 3722218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 4.500%, 1/30/2030 | &nbsp;&nbsp; 973000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2650000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 4.875%, 9/23/2032 | &nbsp;&nbsp; 2534009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 5.875%, 10/28/2035 | &nbsp;&nbsp; 497865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 5.875%, 1/30/2060 | &nbsp;&nbsp; 2485000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 6.000%, 2/22/2033 | &nbsp;&nbsp; 2850400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 6.950%, 3/15/2037 | &nbsp;&nbsp; 1601250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 7.150%, 2/24/2055 | &nbsp;&nbsp; 534250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 7.450%, 4/30/2044 | &nbsp;&nbsp; 1647000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 4.875%, 9/23/2032 | &nbsp;&nbsp; 5259265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2950000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 5.875%, 1/30/2060 | &nbsp;&nbsp; 2618125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 6.000%, 7/19/2028 | &nbsp;&nbsp; 3070500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 6.000%, 2/22/2033 | &nbsp;&nbsp; 1425200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 6.850%, 1/27/2045 | &nbsp;&nbsp; 1240200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Ecuador, Government of, Sr. Unsecd. Note, 144A, 8.750%, 1/29/2034 | &nbsp;&nbsp; 707000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Ecuador, Government of, Sr. Unsecd. Note, 144A, 9.250%, 1/29/2039 | &nbsp;&nbsp; 410000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1625000<br><sup>2</sup> <br>| Ecuador, Government of, Sr. Unsecd. Note, REGS, 0.000%, 7/31/2030 | &nbsp;&nbsp; 1365000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3840000 | Ecuador, Government of, Sr. Unsecd. Note, REGS, 5.000%, 7/31/2040 | &nbsp;&nbsp; 3168000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5419453 | Ecuador, Government of, Sr. Unsecd. Note, REGS, 6.900%, 7/31/2035 | &nbsp;&nbsp; 4937122 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $1300000 | Egypt, Government of, 144A, 8.625%, 2/4/2030 | &nbsp;&nbsp; $1414941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR 500,000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 6.375%, 4/11/2031 | &nbsp;&nbsp; 599290 |
| &nbsp;&nbsp;&nbsp;&nbsp; $700000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.052%, 1/15/2032 | &nbsp;&nbsp; 707521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.300%, 9/30/2033 | &nbsp;&nbsp; 904671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.600%, 3/1/2029 | &nbsp;&nbsp; 1674619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 8.750%, 9/30/2051 | &nbsp;&nbsp; 2731691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 8.875%, 5/29/2050 | &nbsp;&nbsp; 2172486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 5.875%, 2/16/2031 | &nbsp;&nbsp; 1071363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR 500,000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 6.375%, 4/11/2031 | &nbsp;&nbsp; 599290 |
| &nbsp;&nbsp;&nbsp;&nbsp; $1600000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 6.588%, 2/21/2028 | &nbsp;&nbsp; 1624530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 7.903%, 2/21/2048 | &nbsp;&nbsp; 997684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 8.700%, 3/1/2049 | &nbsp;&nbsp; 1175970 |
| &nbsp;&nbsp; EGP 470,800,000<br><sup>2</sup> <br>| Egypt, Government of, Unsecd. Note, Series 364D, 0.000%, 4/14/2026 | &nbsp;&nbsp; 9576133 |
| &nbsp;&nbsp;&nbsp;&nbsp; $1000000 | El Salvador, Government of, 144A, 8.250%, 4/10/2032 | &nbsp;&nbsp; 1074720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | El Salvador, Government of, Sr. Unsecd. Note, 144A, 0.250%, 4/17/2030 | &nbsp;&nbsp; 41250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | El Salvador, Government of, Sr. Unsecd. Note, 144A, 9.250%, 4/17/2030 | &nbsp;&nbsp; 1623750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | El Salvador, Government of, Sr. Unsecd. Note, 144A, 9.650%, 11/21/2054 | &nbsp;&nbsp; 742625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 7.124%, 1/20/2050 | &nbsp;&nbsp; 917500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1350000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 7.650%, 6/15/2035 | &nbsp;&nbsp; 1397250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 8.250%, 4/10/2032 | &nbsp;&nbsp; 2149440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 9.500%, 7/15/2052 | &nbsp;&nbsp; 908232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47200<br><sup>2</sup> <br>| Ghana, Government of, Sr. Unsecd. Note, 144A, 0.000%, 7/3/2026 | &nbsp;&nbsp; 46062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198736<br><sup>2</sup> <br>| Ghana, Government of, Sr. Unsecd. Note, 144A, 0.000%, 1/3/2030 | &nbsp;&nbsp; 173750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2999325 | Ghana, Government of, Sr. Unsecd. Note, 144A, 5.000%, 7/3/2029 | &nbsp;&nbsp; 2933644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4053200 | Ghana, Government of, Sr. Unsecd. Note, 144A, 5.000%, 7/3/2035 | &nbsp;&nbsp; 3695569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2187500 | Ghana, Government of, Sr. Unsecd. Note, REGS, 5.000%, 7/3/2029 | &nbsp;&nbsp; 2143590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Ghana, Government of, Sr. Unsecd. Note, REGS, 5.000%, 7/3/2035 | &nbsp;&nbsp; 1367896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Guatemala, Government of, 144A, 7.050%, 10/4/2032 | &nbsp;&nbsp; 1092250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500000 | Guatemala, Government of, Sr. Unsecd. Note, 144A, 6.050%, 8/6/2031 | &nbsp;&nbsp; 4667535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Guatemala, Government of, Sr. Unsecd. Note, 144A, 6.125%, 6/1/2050 | &nbsp;&nbsp; 585000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 4.875%, 2/13/2028 | &nbsp;&nbsp; 1002450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 5.375%, 4/24/2032 | &nbsp;&nbsp; 3018630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 7.050%, 10/4/2032 | &nbsp;&nbsp; 1365313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Guatemala, Government of, Unsecd. Note, REGS, 5.250%, 8/10/2029 | &nbsp;&nbsp; 1009600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Hazine Mustesarligi Varlik Kiralama A.S., Sr. Unsecd. Note, 144A, 6.750%, 9/1/2030 | &nbsp;&nbsp; 1566041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3300000 | Honduras, Government of, Sr. Unsecd. Note, 144A, 8.625%, 11/27/2034 | &nbsp;&nbsp; 3795429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Honduras, Government of, Sr. Unsecd. Note, REGS, 5.625%, 6/24/2030 | &nbsp;&nbsp; 1206420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Ivory Coast, Government of, Sr. Unsecd. Note, 144A, 6.125%, 6/15/2033 | &nbsp;&nbsp; 789649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Ivory Coast, Government of, Sr. Unsecd. Note, 144A, 8.075%, 4/1/2036 | &nbsp;&nbsp; 2029550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400000 | Ivory Coast, Government of, Sr. Unsecd. Note, 144A, 8.250%, 1/30/2037 | &nbsp;&nbsp; 3668407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250835 | Ivory Coast, Government of, Sr. Unsecd. Note, REGS, 5.750%, 12/31/2032 | &nbsp;&nbsp; 1248455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7700000 | Ivory Coast, Government of, Sr. Unsecd. Note, REGS, 6.125%, 6/15/2033 | &nbsp;&nbsp; 7600372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Ivory Coast, Government of, Sr. Unsecd. Note, REGS, 8.075%, 4/1/2036 | &nbsp;&nbsp; 748322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Jamaica, Government of, 8.000%, 3/15/2039 | &nbsp;&nbsp; 1808970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Jordan, Government of, Sr. Unsecd. Note, REGS, 5.850%, 7/7/2030 | &nbsp;&nbsp; 2515116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Kenya, Government of, Sr. Unsecd. Note, 144A, 6.300%, 1/23/2034 | &nbsp;&nbsp; 551687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Kenya, Government of, Sr. Unsecd. Note, 144A, 8.800%, 10/9/2038 | &nbsp;&nbsp; 809109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Kenya, Government of, Sr. Unsecd. Note, 144A, 9.500%, 3/5/2036 | &nbsp;&nbsp; 2139876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Kenya, Government of, Sr. Unsecd. Note, 144A, 9.750%, 2/16/2031 | &nbsp;&nbsp; 331439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 8.000%, 5/22/2032 | &nbsp;&nbsp; 4695847 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $800000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 8.250%, 2/28/2048 | &nbsp;&nbsp; $767765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 8.800%, 10/9/2038 | &nbsp;&nbsp; 2024853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000<br><sup>3,4</sup> <br>| Lebanon, Government of, Sr. Secd. Note, Series EMTN, 6.100%, 12/31/2099 | &nbsp;&nbsp; 496485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000<br><sup>3,4</sup> <br>| Lebanon, Government of, Sr. Unsecd. Note, 6.000%, 12/31/2099 | &nbsp;&nbsp; 292150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3800000<br><sup>3,4</sup> <br>| Lebanon, Government of, Sr. Unsecd. Note, REGS, 8.250%, 12/31/2099 | &nbsp;&nbsp; 1130500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | Mexico, Government of, Sr. Unsecd. Note, 6.000%, 5/13/2030 | &nbsp;&nbsp; 364175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Mongolia, Government of, Sr. Unsecd. Note, 144A, 6.625%, 2/25/2030 | &nbsp;&nbsp; 727269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Mongolia, Government of, Sr. Unsecd. Note, REGS, 3.500%, 7/7/2027 | &nbsp;&nbsp; 782411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1650000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 7.375%, 9/28/2033 | &nbsp;&nbsp; 1666997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 8.375%, 3/24/2029 | &nbsp;&nbsp; 2125768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 8.630%, 1/13/2036 | &nbsp;&nbsp; 2136558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 9.129%, 1/13/2046 | &nbsp;&nbsp; 1070542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 9.625%, 6/9/2031 | &nbsp;&nbsp; 1244071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2250000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 6.125%, 9/28/2028 | &nbsp;&nbsp; 2267654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 6.500%, 11/28/2027 | &nbsp;&nbsp; 709625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 7.143%, 2/23/2030 | &nbsp;&nbsp; 1030106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 7.625%, 11/28/2047 | &nbsp;&nbsp; 1638385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 8.375%, 3/24/2029 | &nbsp;&nbsp; 1169973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1650000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 8.747%, 1/21/2031 | &nbsp;&nbsp; 1792660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Nigeria, Government of, Unsecd. Note, REGS, 7.875%, 2/16/2032 | &nbsp;&nbsp; 833495 |
| NGN 7,000,000,000<br><sup>2</sup> <br>| Nigeria, Government of, Unsecd. Note, Series 196D, 0.000%, 5/5/2026 | &nbsp;&nbsp; 4784796 |
| &nbsp;&nbsp;&nbsp;&nbsp; $1600000 | Oman, Government of, Sr. Unsecd. Note, REGS, 6.500%, 3/8/2047 | &nbsp;&nbsp; 1688460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Oman, Government of, Sr. Unsecd. Note, REGS, 6.750%, 1/17/2048 | &nbsp;&nbsp; 2049839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Oman, Government of, Sr. Unsecd. Note, REGS, 7.000%, 1/25/2051 | &nbsp;&nbsp; 1675073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900000 | Pakistan, Government of, Sr. Secd. Note, REGS, 6.875%, 12/5/2027 | &nbsp;&nbsp; 4973424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Pakistan, Government of, Sr. Unsecd. Note, REGS, 6.000%, 4/8/2026 | &nbsp;&nbsp; 2297724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3800000 | Pakistan, Government of, Sr. Unsecd. Note, REGS, 7.375%, 4/8/2031 | &nbsp;&nbsp; 3824032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Pakistan, Government of, Sr. Unsecd. Note, REGS, 7.950%, 1/31/2029 | &nbsp;&nbsp; 727028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Papua New Guinea, Government of, Sr. Unsecd. Note, REGS, 8.375%, 10/4/2028 | &nbsp;&nbsp; 417135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Paraguay, Government of, 144A, 5.400%, 3/30/2050 | &nbsp;&nbsp; 3687440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Paraguay, Government of, Sr. Unsecd. Note, 144A, 2.739%, 1/29/2033 | &nbsp;&nbsp; 1328745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | Paraguay, Government of, Sr. Unsecd. Note, REGS, 3.849%, 6/28/2033 | &nbsp;&nbsp; 3282125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR 500,000 | Romania, Government of, Sr. Unsecd. Note, 144A, 3.875%, 10/29/2035 | &nbsp;&nbsp; 533462 |
| &nbsp;&nbsp;&nbsp;&nbsp; $300000 | Romania, Government of, Sr. Unsecd. Note, 144A, 6.375%, 1/30/2034 | &nbsp;&nbsp; 312277 |
| &nbsp;&nbsp;&nbsp;&nbsp; EUR 3,300,000 | Romania, Government of, Sr. Unsecd. Note, 144A, 6.750%, 7/11/2039 | &nbsp;&nbsp; 4181265 |
| &nbsp;&nbsp;&nbsp;&nbsp; $500000 | Romania, Government of, Sr. Unsecd. Note, REGS, 3.625%, 3/27/2032 | &nbsp;&nbsp; 458435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Rwanda, Government of, Sr. Unsecd. Note, 144A, 5.500%, 8/9/2031 | &nbsp;&nbsp; 837020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Saudi Arabia, Government of, Sr. Unsecd. Note, REGS, 3.450%, 2/2/2061 | &nbsp;&nbsp; 942440 |
| &nbsp;&nbsp;&nbsp;&nbsp; EUR 2,500,000 | Senegal, Government of, Sr. Unsecd. Note, 144A, 5.375%, 6/8/2037 | &nbsp;&nbsp; 1626990 |
| &nbsp;&nbsp;&nbsp;&nbsp; $300000 | Senegal, Government of, Sr. Unsecd. Note, REGS, 6.250%, 5/23/2033 | &nbsp;&nbsp; 172747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Senegal, Government of, Sr. Unsecd. Note, REGS, 6.750%, 3/13/2048 | &nbsp;&nbsp; 430021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Serbia, Government of, Sr. Unsecd. Note, 144A, 6.500%, 9/26/2033 | &nbsp;&nbsp; 1183796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Serbia, Government of, Sr. Unsecd. Note, REGS, 2.125%, 12/1/2030 | &nbsp;&nbsp; 175986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Sharjah Govt., Sr. Unsecd. Note, REGS, 4.000%, 7/28/2050 | &nbsp;&nbsp; 532739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100000 | South Africa, Government of, 144A, 6.125%, 12/11/2037 | &nbsp;&nbsp; 2037252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | South Africa, Government of, 144A, 7.100%, 11/19/2036 | &nbsp;&nbsp; 529931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000 | South Africa, Government of, Sr. Unsecd. Note, 4.850%, 9/30/2029 | &nbsp;&nbsp; 1794501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | South Africa, Government of, Sr. Unsecd. Note, 5.000%, 10/12/2046 | &nbsp;&nbsp; 1903884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000 | South Africa, Government of, Sr. Unsecd. Note, 5.650%, 9/27/2047 | &nbsp;&nbsp; 1074231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | South Africa, Government of, Sr. Unsecd. Note, 6.300%, 6/22/2048 | &nbsp;&nbsp; 538085 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $2000000 | South Africa, Government of, Sr. Unsecd. Note, REGS, 6.125%, 12/11/2037 | &nbsp;&nbsp; $1940280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Sri Lanka, Government of, Sr. Unsecd. Note, 144A, 3.100%, 1/15/2030 | &nbsp;&nbsp; 3944859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Sri Lanka, Government of, Sr. Unsecd. Note, 144A, 3.350%, 3/15/2033 | &nbsp;&nbsp; 3668000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2190000 | Sri Lanka, Government of, Sr. Unsecd. Note, 144A, 4.000%, 4/15/2028 | &nbsp;&nbsp; 2133069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Sri Lanka, Government of, Sr. Unsecd. Note, REGS, 3.600%, 6/15/2035 | &nbsp;&nbsp; 2460000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Sri Lanka, Government of, Sr. Unsecd. Note, REGS, 3.600%, 5/15/2036 | &nbsp;&nbsp; 2173035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Trinidad and Tobago, Government of, REGS, 5.950%, 1/14/2031 | &nbsp;&nbsp; 758115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Trinidad and Tobago, Government of, Sr. Unsecd. Note, 144A, 6.500%, 1/28/2036 | &nbsp;&nbsp; 496250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Trinidad and Tobago, Government of, Sr. Unsecd. Note, REGS, 6.400%, 6/26/2034 | &nbsp;&nbsp; 751920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Turkey, Government of, Sr. Unsecd. Note, 4.875%, 4/16/2043 | &nbsp;&nbsp; 3765960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400000 | Turkey, Government of, Sr. Unsecd. Note, 5.250%, 3/13/2030 | &nbsp;&nbsp; 2368006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4200000 | Turkey, Government of, Sr. Unsecd. Note, 5.750%, 5/11/2047 | &nbsp;&nbsp; 3381315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7200000 | Turkey, Government of, Sr. Unsecd. Note, 5.875%, 6/26/2031 | &nbsp;&nbsp; 7137728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Turkey, Government of, Sr. Unsecd. Note, 5.950%, 1/15/2031 | &nbsp;&nbsp; 2501305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Turkey, Government of, Sr. Unsecd. Note, 6.000%, 1/14/2041 | &nbsp;&nbsp; 1768665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Turkey, Government of, Sr. Unsecd. Note, 6.500%, 9/20/2033 | &nbsp;&nbsp; 1500565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Turkey, Government of, Sr. Unsecd. Note, 6.500%, 1/3/2035 | &nbsp;&nbsp; 2477176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Turkey, Government of, Sr. Unsecd. Note, 6.750%, 5/30/2040 | &nbsp;&nbsp; 1935569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Turkey, Government of, Sr. Unsecd. Note, 6.800%, 11/4/2036 | &nbsp;&nbsp; 4979295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | Turkey, Government of, Sr. Unsecd. Note, 6.875%, 3/17/2036 | &nbsp;&nbsp; 3540195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Turkey, Government of, Sr. Unsecd. Note, 6.875%, 1/14/2038 | &nbsp;&nbsp; 2971195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500000 | Turkey, Government of, Sr. Unsecd. Note, 6.950%, 9/16/2035 | &nbsp;&nbsp; 4557192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Turkey, Government of, Sr. Unsecd. Note, 7.625%, 4/26/2029 | &nbsp;&nbsp; 3199068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Turkey, Government of, Sr. Unsecd. Note, 9.125%, 7/13/2030 | &nbsp;&nbsp; 2265650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Turkey, Government of, Sr. Unsecd. Note, 9.375%, 3/14/2029 | &nbsp;&nbsp; 1115559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500000 | Turkey, Government of, Sr. Unsecd. Note, 9.375%, 1/19/2033 | &nbsp;&nbsp; 6382860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600000 | Turkey, Government of, Sr. Unsecd. Note, REGS, 5.125%, 6/22/2026 | &nbsp;&nbsp; 2608121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900000 | Turkey, Government of, Unsecd. Note, 6.625%, 2/17/2045 | &nbsp;&nbsp; 4459100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529527<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 0.000%, 2/1/2030 | &nbsp;&nbsp; 335923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1978771<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 0.000%, 2/1/2034 | &nbsp;&nbsp; 965907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1472198<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 0.000%, 2/1/2035 | &nbsp;&nbsp; 832163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1393498<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 0.000%, 2/1/2036 | &nbsp;&nbsp; 784468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3816700<br><sup>3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 4.000%, 2/1/2032 | &nbsp;&nbsp; 3041899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2575651<br><sup>3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 4.500%, 2/1/2035 | &nbsp;&nbsp; 1593355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1028864<br><sup>3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 4.500%, 2/1/2036 | &nbsp;&nbsp; 625790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000<br><sup>3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, REGS, 4.500%, 2/1/2034 | &nbsp;&nbsp; 1196644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | United Arab Emirates, Government of, Sr. Unsecd. Note, REGS, 4.375%, 3/10/2051 | &nbsp;&nbsp; 563415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | United Arab Emirates, Government of, Sr. Unsecd. Note, Series EMTN, 4.226%, 3/14/2028 | &nbsp;&nbsp; 492759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | United Mexican States, Sr. Unsecd. Note, 5.625%, 2/9/2034 | &nbsp;&nbsp; 298902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | United Mexican States, Sr. Unsecd. Note, 6.125%, 2/9/2038 | &nbsp;&nbsp; 298800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Uzbekistan, Government of, Sr. Unsecd. Note, REGS, 5.375%, 2/20/2029 | &nbsp;&nbsp; 1510311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>3,4</sup> <br>| Venezuela, Government of, 9.375%, 1/13/2034 | &nbsp;&nbsp; 215050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000<br><sup>3,4</sup> <br>| Venezuela, Government of, Bond, 9.250%, 9/15/2027 | &nbsp;&nbsp; 192420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000<br><sup>3,4</sup> <br>| Venezuela, Government of, Sr. Unsecd. Note, 7.000%, 3/31/2038 | &nbsp;&nbsp; 76020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2999711 | Zambia, Government of, Sr. Unsecd. Note, REGS, 0.500%, 12/31/2053 | &nbsp;&nbsp; 2161299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1484857 | Zambia, Government of, Unsecd. Note, REGS, 5.750%, 6/30/2033 | &nbsp;&nbsp; 1452514 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp; 487625369 |
|  | **State/Provincial—1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234000 | Brazil Minas SPE, Sec. Fac. Bond, 144A, 5.333%, 2/15/2028 | &nbsp;&nbsp; 236121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 719369 | Buenos Aires, City of, Sr. Unsecd. Note, 144A, 7.500%, 6/1/2027 | &nbsp;&nbsp; 730930 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **State/Provincial—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; $630000 | Buenos Aires, City of, Sr. Unsecd. Note, 144A, 7.800%, 11/26/2033 | &nbsp;&nbsp; $645674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Province of Santa Fe, Sr. Unsecd. Note, 144A, 8.100%, 12/11/2034 | &nbsp;&nbsp; 730162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Provincia De Buenos Aires, Sr. Unsecd. Note, REGS, 5.875%, 9/1/2037 | &nbsp;&nbsp; 990500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5831840 | Provincia De Buenos Aires, Sr. Unsecd. Note, REGS, 6.625%, 9/1/2037 | &nbsp;&nbsp; 4709211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Provincia De Cordoba, Sr. Unsecd. Note, 144A, 8.600%, 2/3/2035 | &nbsp;&nbsp; 1078191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562000 | Provincia De Cordoba, Sr. Unsecd. Note, 144A, 9.750%, 7/2/2032 | &nbsp;&nbsp; 587009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100701 | Provincia de Entre Rios Argentina, Sr. Unsecd. Note, 144A, 8.250%, 8/8/2028 | &nbsp;&nbsp; 97680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269231 | Provincia De Mendoza, REGS, 5.750%, 3/19/2029 | &nbsp;&nbsp; 255769 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10061247 |
|  | **Telecommunications & Cellular—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Telecommunications co.Telekom Srbija Akcionarsko drustvo, Sr. Unsecd. Note, 144A, 7.000%, 10/28/2029 | &nbsp;&nbsp; 301973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Turk Telekomunikasyon AS, Sr. Unsecd. Note, REGS, 7.375%, 5/20/2029 | &nbsp;&nbsp; 2293388 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2595361 |
|  | **Transportation—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | DP World Ltd., Sr. Unsecd. Note, 144A, 4.700%, 9/30/2049 | &nbsp;&nbsp; 1026082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Mersin Uluslararasi Liman Isletmeciligi A.s., Sr. Unsecd. Note, 144A, 8.250%, 11/15/2028 | &nbsp;&nbsp; 521740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Transnet SOC Ltd., Sr. Unsecd. Note, 144A, 8.250%, 2/6/2028 | &nbsp;&nbsp; 633438 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2181260 |
|  | **Utilities—1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Comision Ej Hi Rio Lempa, Sr. Unsecd. Note, REGS, 8.650%, 1/24/2033 | &nbsp;&nbsp; 534875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Eig Pearl Holdings S.a.r.l., Sec. Fac. Bond, 144A, 4.387%, 11/30/2046 | &nbsp;&nbsp; 1005120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, 144A, 6.350%, 8/10/2028 | &nbsp;&nbsp; 2378278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, REGS, 6.350%, 8/10/2028 | &nbsp;&nbsp; 930688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4700000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, REGS, 8.450%, 8/10/2028 | &nbsp;&nbsp; 5042091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 | Instituto Costarricense de Electricidad, Sr. Unsecd. Note, REGS, 6.375%, 5/15/2043 | &nbsp;&nbsp; 846473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | Israel Electric Corp. Ltd., Sec. Fac. Bond, Series GMTN, 4.250%, 8/14/2028 | &nbsp;&nbsp; 99314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Israel Electric Corp. Ltd., Unsecd. Note, Series GMTN, 3.750%, 2/22/2032 | &nbsp;&nbsp; 374806 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11211645 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL FOREIGN GOVERNMENTS/AGENCIES <br>(IDENTIFIED COST $537,464,355)<br>| &nbsp;&nbsp; 607041794 |
|  | CORPORATE BONDS—18.4% |  |
|  | **Air Transportation—0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198485<br><sup>3,4</sup> <br>| Azul Secured Finance LLP, Sec. Fac. Bond, 144A, 10.875%, 8/28/2030 | &nbsp;&nbsp; 4853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Gol Finance, Secured Note, 144A, 14.375%, 6/6/2030 | &nbsp;&nbsp; 2383375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Grupo Aeromexico SAB de CV, REGS, 8.625%, 11/15/2031 | &nbsp;&nbsp; 1449000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000 | Latam Airlines Group S.A., 144A, 7.875%, 4/15/2030 | &nbsp;&nbsp; 1365559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | Latam Airlines Group S.A., Sr. Secd. Note, 144A, 7.625%, 1/7/2031 | &nbsp;&nbsp; 578187 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5780974 |
|  | **Airport—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Aeropuertos Dominicanos Siglo XXI S.A., Sec. Fac. Bond, 144A, 7.000%, 6/30/2034 | &nbsp;&nbsp; 209955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Kingston Airport Revenue Finance Ltd., Sec. Fac. Bond, REGS, 6.750%, 12/15/2036 | &nbsp;&nbsp; 714413 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924368 |
|  | **Automotive—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Nemak SAB de CV, Sr. Unsecd. Note, 144A, 3.625%, 6/28/2031 | &nbsp;&nbsp; 261371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Nemak SAB de CV, Sr. Unsecd. Note, REGS, 3.625%, 6/28/2031 | &nbsp;&nbsp; 435618 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696989 |
|  | **Banking—3.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000<br><sup>1</sup> <br>| Access Bank PLC, Jr. Sub. Note, 144A, 9.125%, 10/7/2026 | &nbsp;&nbsp; 602755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000<br><sup>1</sup> <br>| Akbank T.A.S., 144A, 9.368%, 3/14/2029 | &nbsp;&nbsp; 2087586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | AL Rajhi Sukuk Ltd., Sub., Series EMTN, 5.651%, 3/16/2036 | &nbsp;&nbsp; 1007037 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Banking—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2300000<br><sup>3,4,5</sup> <br>| Alfa Bank (Alfa Bond), Sub., REGS, 5.950%, 4/15/2030 | &nbsp;&nbsp; $115000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Banco Bradesco S.A., 144A, 6.500%, 1/22/2030 | &nbsp;&nbsp; 2310968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Banco Btg Pactual/Cayman, Sr. Unsecd. Note, 144A, 5.500%, 1/27/2031 | &nbsp;&nbsp; 701400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480000 | Banco Btg Pactual/Cayman, Sr. Unsecd. Note, 144A, 5.750%, 1/22/2030 | &nbsp;&nbsp; 487680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Banco Btg Pactual/Cayman, Sr. Unsecd. Note, 144A, 6.250%, 4/8/2029 | &nbsp;&nbsp; 516929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Banco Davivienda S.A., Jr. Sub. Note, 144A, 8.125%, 7/2/2035 | &nbsp;&nbsp; 836000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000<br><sup>1</sup> <br>| Banco de Credito E Inversiones S.A., Jr. Sub. Deb., 144A, 8.750%, 2/8/2029 | &nbsp;&nbsp; 540095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| Banco Mercantil De Norte, Jr. Sub. Deb., REGS, 7.500%, 6/27/2029 | &nbsp;&nbsp; 1034311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Bancolombia S.A., Sub., 8.625%, 12/24/2034 | &nbsp;&nbsp; 1069289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750000 | Bangkok Bank Public Co. Ltd. (HK), Sub. Note, REGS, 3.733%, 9/25/2034 | &nbsp;&nbsp; 1671237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Industrial Subord TR 2.0, Sub. Note, 144A, 6.550%, 4/15/2036 | &nbsp;&nbsp; 406200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Ipoteka-Bank Akib, Sr. Unsecd. Note, 6.450%, 10/9/2030 | &nbsp;&nbsp; 2041038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Mashreqbank PSC, Sub., 7.875%, 2/24/2033 | &nbsp;&nbsp; 1052690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Scotiabank Peru S.A., Sub., 144A, 6.100%, 10/1/2035 | &nbsp;&nbsp; 1976760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000<br><sup>1,3,4,5</sup> <br>| SovCo Capital Partners B.V., Jr. Sub. Note, 144A, 7.600%, 2/17/2027 | &nbsp;&nbsp; 90000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | The National Bank For Foreign Ecomomic Activity of the Republic of Uzbekistan (NBU), Sr. Unsecd. Note, <br> 7.200%, 7/17/2030<br>| &nbsp;&nbsp; 2092876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Yapi ve Kredi Bankasi A.S., 144A, 7.125%, 10/10/2029 | &nbsp;&nbsp; 519021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Yapi ve Kredi Bankasi A.S., Sub., 144A, 7.550%, 6/11/2036 | &nbsp;&nbsp; 1997004 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 23155876 |
|  | **Beverage & Tobacco—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Central American Bottling Corp. / CBC Bottling Holdco SL / Beliv Holdco SL, Sr. Unsecd. Note, REGS, <br> 5.250%, 4/27/2029<br>| &nbsp;&nbsp; 995493 |
|  | **Broadcast Radio & TV—0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4250000 | Grupo Televisa SAB, Sr. Unsecd. Note, 5.000%, 5/13/2045 | &nbsp;&nbsp; 2965090 |
|  | **Building & Development—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | JSW Infrastructure Ltd., Sec. Fac. Bond, 144A, 4.950%, 1/21/2029 | &nbsp;&nbsp; 703329 |
|  | **Building Materials—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Cemex S.A.B. de C.V., Sec. Fac. Bond, REGS, 5.450%, 11/19/2029 | &nbsp;&nbsp; 506700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000<br><sup>1</sup> <br>| Cemex S.A.B. de C.V., Sub., REGS, 5.125%, 6/8/2026 | &nbsp;&nbsp; 1997996 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2504696 |
|  | **Chemicals & Plastics—1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | Braskem America Finance Co., REGS, 7.125%, 7/22/2041 | &nbsp;&nbsp; 140116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Braskem Netherlands Finance B.V., Sr. Unsecd. Note, 144A, 7.250%, 2/13/2033 | &nbsp;&nbsp; 406250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Braskem Netherlands Finance B.V., Sr. Unsecd. Note, 144A, 8.000%, 10/15/2034 | &nbsp;&nbsp; 367605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Braskem Netherlands Finance B.V., Sr. Unsecd. Note, REGS, 4.500%, 1/31/2030 | &nbsp;&nbsp; 821180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2150000 | Braskem Netherlands Finance B.V., Sr. Unsecd. Note, REGS, 5.875%, 1/31/2050 | &nbsp;&nbsp; 812969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Sasol Financing USA LLC, Sr. Unsecd. Note, 6.500%, 9/27/2028 | &nbsp;&nbsp; 1901077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Sasol Financing USA LLC, Sr. Unsecd. Note, 144A, 8.750%, 5/3/2029 | &nbsp;&nbsp; 1952915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | WE Soda Investments Holding PLC, Sec. Fac. Bond, 144A, 9.375%, 2/14/2031 | &nbsp;&nbsp; 1296870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | WE Soda Investments Holding PLC, Sec. Fac. Bond, 144A, 9.500%, 10/6/2028 | &nbsp;&nbsp; 1447624 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9146606 |
|  | **Equipment Lease—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Movida Europe S.A., Sr. Unsecd. Note, 144A, 7.850%, 4/11/2029 | &nbsp;&nbsp; 582278 |
|  | **Finance—0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR 1,500,000 | BOI Finance B.V., Sr. Unsecd. Note, REGS, 7.500%, 2/16/2027 | &nbsp;&nbsp; 1839286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3110000<br><sup>3,4</sup> <br>| Credito Real Sab de CV, Sr. Unsecd. Note, REGS, 7.250%, 12/31/2099 | &nbsp;&nbsp; 8086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000<br><sup>3,4</sup> <br>| Credito Real Sab de CV, Sr. Unsecd. Note, REGS, 9.500%, 12/31/2099 | &nbsp;&nbsp; 156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600000 | Digicel International Finance Ltd. / Difl US LLC, 144A, 8.625%, 8/1/2032 | &nbsp;&nbsp; 2705017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | PRIO LUX HLD S.a.r.l., Sr. Unsecd. Note, 144A, 6.750%, 10/15/2030 | &nbsp;&nbsp; 797800 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5350345 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Food Products—0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1500000 | Brf S.A., Sr. Secd. Note, REGS, 4.875%, 1/24/2030 | &nbsp;&nbsp; $1456480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Grupo Nutresa S.A., Sr. Unsecd. Note, 144A, 8.000%, 5/12/2030 | &nbsp;&nbsp; 1066475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Grupo Nutresa S.A., Sr. Unsecd. Note, 144A, 9.000%, 5/12/2035 | &nbsp;&nbsp; 838125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1650000 | Minerva Luxembourg S.A., Sr. Unsecd. Note, 144A, 8.875%, 9/13/2033 | &nbsp;&nbsp; 1803734 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5164814 |
|  | **Food Services—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | MARB BondCo PLC, Sr. Unsecd. Note, REGS, 3.950%, 1/29/2031 | &nbsp;&nbsp; 1811912 |
|  | **Industrial Products & Equipment—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Embraer Netherlands Finance B.V., Sr. Unsecd. Note, 5.400%, 1/9/2038 | &nbsp;&nbsp; 790440 |
|  | **Leisure & Entertainment—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Melco Resorts Finance Ltd., Sr. Unsecd. Note, REGS, 5.375%, 12/4/2029 | &nbsp;&nbsp; 792466 |
|  | **Metals & Mining—3.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Antofagasta PLC, 144A, 6.250%, 5/2/2034 | &nbsp;&nbsp; 1071003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Cia de Minas Buenaventura S.A., Sr. Unsecd. Note, 144A, 6.800%, 2/4/2032 | &nbsp;&nbsp; 1043275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1050000 | CSN Islands XI Corp., Sr. Unsecd. Note, REGS, 6.750%, 1/28/2028 | &nbsp;&nbsp; 1005097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | CSN Resources S.A., Sr. Unsecd. Note, REGS, 4.625%, 6/10/2031 | &nbsp;&nbsp; 589248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | CSN Resources S.A., Sr. Unsecd. Note, REGS, 5.875%, 4/8/2032 | &nbsp;&nbsp; 731840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | First Quantum Minerals Ltd., Sr. Unsecd. Note, 144A, 7.250%, 2/15/2034 | &nbsp;&nbsp; 315400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2350000 | First Quantum Minerals Ltd., Sr. Unsecd. Note, 144A, 8.000%, 3/1/2033 | &nbsp;&nbsp; 2524630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | First Quantum Minerals Ltd., Sr. Unsecd. Note, REGS, 8.625%, 6/1/2031 | &nbsp;&nbsp; 2103402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Ivanhoe Mines Ltd., Sr. Unsecd. Note, 144A, 7.875%, 1/23/2030 | &nbsp;&nbsp; 208535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1550000 | JSW Steel Ltd., Sr. Unsecd. Note, REGS, 5.050%, 4/5/2032 | &nbsp;&nbsp; 1548247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Marcobre Sac, Sr. Unsecd. Note, 144A, 5.750%, 1/22/2036 | &nbsp;&nbsp; 896355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Navoi Mining and Metallurgical Co., Sr. Unsecd. Note, 144A, 6.700%, 10/17/2028 | &nbsp;&nbsp; 2594259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | Samarco Mineracao S.A., Sr. Secd. Note, REGS, 9.500%, 6/30/2031 | &nbsp;&nbsp; 150681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5431329 | Samarco Mineracao S.A., Sr. Unsecd. Note, 144A, 9.500%, 6/30/2031 | &nbsp;&nbsp; 5456004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Stillwater Mining Co., Sr. Unsecd. Note, REGS, 4.000%, 11/16/2026 | &nbsp;&nbsp; 995787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Stillwater Mining Co., Sr. Unsecd. Note, REGS, 4.500%, 11/16/2029 | &nbsp;&nbsp; 1926308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Vale Overseas Ltd., 6.125%, 6/12/2033 | &nbsp;&nbsp; 750154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Vale Overseas Ltd., Sr. Unsecd. Note, 3.750%, 7/8/2030 | &nbsp;&nbsp; 483294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Vedanta Resources II PLC, Sr. Unsecd. Note, 144A, 9.125%, 10/15/2032 | &nbsp;&nbsp; 786213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Vedanta Resources II PLC, Sr. Unsecd. Note, 144A, 9.475%, 7/24/2030 | &nbsp;&nbsp; 738965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | Vedanta Resources II PLC, Sr. Unsecd. Note, 144A, 9.850%, 4/24/2033 | &nbsp;&nbsp; 1833583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Vedanta Resources II PLC, Sr. Unsecd. Note, 144A, 10.875%, 9/17/2029 | &nbsp;&nbsp; 750230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | Vedanta Resources, Sr. Unsecd. Note, REGS, 11.250%, 12/3/2031 | &nbsp;&nbsp; 388179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730000 | Volcan Compania Minera S.A.A., Sr. Secd. Note, 144A, 8.500%, 10/28/2032 | &nbsp;&nbsp; 756755 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 29647444 |
|  | **Oil & Gas—2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421819 | Acu Petroleo Luxembourg S.a.r.l., Sec. Fac. Bond, 144A, 7.500%, 1/13/2032 | &nbsp;&nbsp; 434739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1688016 | AI Candelaria Spain SLU, Sec. Fac. Bond, REGS, 7.500%, 12/15/2028 | &nbsp;&nbsp; 1729507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | AI Candelaria Spain SLU, Secured Note, REGS, 5.750%, 6/15/2033 | &nbsp;&nbsp; 357802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 981707 | Borr IHC Ltd. / Borr Finance LLC, Sec. Fac. Bond, REGS, 10.000%, 11/15/2028 | &nbsp;&nbsp; 1009055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Energean Israel Finance Ltd., Sec. Fac. Bond, 5.875%, 3/30/2031 | &nbsp;&nbsp; 486335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Energean Israel Finance Ltd., Sec. Fac. Bond, 8.500%, 9/30/2033 | &nbsp;&nbsp; 214492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 549000 | Gran Tierra Energy, Inc., 1st Priority Sr. Secd. Note, 144A, 9.500%, 10/15/2029 | &nbsp;&nbsp; 439194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Greensaif Pipelines Bidc, Sec. Fac. Bond, 144A, 5.852%, 2/23/2036 | &nbsp;&nbsp; 519355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1350000 | Hunt Oil Co. of Peru, Sr. Secd. Note, 7.750%, 11/5/2038 | &nbsp;&nbsp; 1485675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1676412 | MC Brazil Downstream Trading S.a.r.l., Sec. Fac. Bond, 144A, 7.250%, 6/30/2031 | &nbsp;&nbsp; 1491068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694030 | MV24 Capital B.V., Term Loan - 1st Lien, REGS, 6.748%, 6/1/2034 | &nbsp;&nbsp; 703302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | Orazul Energy Egenor SCA, Sr. Unsecd. Note, 144A, 6.250%, 9/17/2032 | &nbsp;&nbsp; 277960 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Oil & Gas—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $675090 | Peru LNG S.R.L., Sr. Unsecd. Note, REGS, 5.375%, 3/22/2030 | &nbsp;&nbsp; $659598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Pluspetrol S.A., Sr. Unsecd. Note, 144A, 8.500%, 5/30/2032 | &nbsp;&nbsp; 308742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Puma International Financing S.A., Sr. Unsecd. Note, 144A, 7.750%, 4/25/2029 | &nbsp;&nbsp; 1452301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870000 | Vista Oil & Gas Argentina, Sr. Unsecd. Note, 144A, 8.500%, 6/10/2033 | &nbsp;&nbsp; 906975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Vivo Energy Investments B.V., Sr. Unsecd. Note, 144A, 5.125%, 9/24/2027 | &nbsp;&nbsp; 699087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | Yinson Bergenia Production B.V., Sec. Fac. Bond, 144A, 8.498%, 1/31/2045 | &nbsp;&nbsp; 489642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1748623 | Yinson Boronia Production, Sec. Fac. Bond, 144A, 8.947%, 7/31/2042 | &nbsp;&nbsp; 1944322 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 15609151 |
|  | **Paper Products—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Klabin Austria Gmbh, Sr. Unsecd. Note, REGS, 3.200%, 1/12/2031 | &nbsp;&nbsp; 726475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Klabin Austria Gmbh, Sr. Unsecd. Note, REGS, 7.000%, 4/3/2049 | &nbsp;&nbsp; 1036045 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1762520 |
|  | **Pharmaceuticals—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Biocon Biologics Global, 144A, 6.670%, 10/9/2029 | &nbsp;&nbsp; 508053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Teva Pharmaceutical Finance Co. LLC, Sr. Unsecd. Note, 6.150%, 2/1/2036 | &nbsp;&nbsp; 210573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Teva Pharmaceutical Finance Netherlands III B.V., Sr. Unsecd. Note, 8.125%, 9/15/2031 | &nbsp;&nbsp; 229679 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 948305 |
|  | **Real Estate—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Aldar Properties PJSC, Sub. Note, 144A, 5.875%, 4/14/2056 | &nbsp;&nbsp; 1186392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824763<br><sup>2,3,4,5</sup> <br>| Country Garden Services Holdings Co. Ltd., Sr. Unsecd. Note, Series AI, 0.000%, 12/31/2031 | &nbsp;&nbsp; 88662 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1275054 |
|  | **Retailers—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000<br><sup>3,4</sup> <br>| Future Retail Ltd., Sec. Fac. Bond, 144A, 5.600%, 12/31/2099 | &nbsp;&nbsp; 2008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 | InRetail Consumer, Sec. Fac. Bond, 144A, 3.250%, 3/22/2028 | &nbsp;&nbsp; 830293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000<br><sup>3,4</sup> <br>| Sri Rejeki Isman Tbk PT, Sr. Unsecd. Note, REGS, 7.250%, 12/31/2099 | &nbsp;&nbsp; 42000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 874301 |
|  | **Steel—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Usiminas International Ltd., Sr. Unsecd. Note, REGS, 7.500%, 1/27/2032 | &nbsp;&nbsp; 830902 |
|  | **Technology Services—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 4.200%, 12/6/2047 | &nbsp;&nbsp; 1253878 |
|  | **Telecommunications & Cellular—2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Axian Telecom Holding & Management PLC, Sr. Unsecd. Note, 144A, 7.250%, 7/11/2030 | &nbsp;&nbsp; 1217479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Bharti Airtel Ltd., Sr. Unsecd. Note, 144A, 3.250%, 6/3/2031 | &nbsp;&nbsp; 708967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Colombia Telecomunicaciones S.A. ESP, Sr. Unsecd. Note, REGS, 4.950%, 7/17/2030 | &nbsp;&nbsp; 565116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2050000 | CT Trust, Sec. Fac. Bond, REGS, 5.125%, 2/3/2032 | &nbsp;&nbsp; 1956709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | IHS Holding Ltd., Sr. Unsecd. Note, 144A, 8.250%, 11/29/2031 | &nbsp;&nbsp; 1149723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | IHS Holding Ltd., Sr. Unsecd. Note, REGS, 5.625%, 11/29/2026 | &nbsp;&nbsp; 1594964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824970 | IHS Netherlands Holdco B.V., Sr. Unsecd. Note, 144A, 8.000%, 9/18/2027 | &nbsp;&nbsp; 827144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271000 | Liberty Costa Rica Senior Secured Finance, Sec. Fac. Bond, REGS, 10.875%, 1/15/2031 | &nbsp;&nbsp; 285450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Millicom International Cellular S.A., Sr. Unsecd. Note, REGS, 4.500%, 4/27/2031 | &nbsp;&nbsp; 931762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | Telecom Argentina S.A., Sr. Unsecd. Note, 144A, 9.250%, 5/28/2033 | &nbsp;&nbsp; 1691558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | Telecommunications Services of Trinidad & Tobago Ltd., Sec. Fac. Bond, REGS, 8.875%, 10/18/2029 | &nbsp;&nbsp; 663247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Telefonica Moviles Chile, Sr. Unsecd. Note, REGS, 3.537%, 11/18/2031 | &nbsp;&nbsp; 571405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506000 | Telfon Celuar Del Paraguay, Sr. Unsecd. Note, REGS, 5.875%, 4/15/2027 | &nbsp;&nbsp; 506248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Total Play Telecom, 144A, 11.125%, 12/31/2032 | &nbsp;&nbsp; 384000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | Total Play Telecom, Sec. Fac. Bond, 144A, 10.500%, 12/31/2028 | &nbsp;&nbsp; 788704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Turkcell Iletisim Hizmetleri A.S., Sr. Unsecd. Note, 144A, 7.450%, 1/24/2030 | &nbsp;&nbsp; 3147520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Turkcell Iletisim Hizmetleri A.S., Sr. Unsecd. Note, 144A, 7.650%, 1/24/2032 | &nbsp;&nbsp; 1064394 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 18054390 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Transportation—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1000000 | Avianca Midco 2 PLC, 144A, 9.500%, 1/28/2031 | &nbsp;&nbsp; $1022500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Simpar Europe S.A., Sr. Unsecd. Note, 144A, 5.200%, 1/26/2031 | &nbsp;&nbsp; 415625 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1438125 |
|  | **Utilities—1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | AES Andes S.A., Sr. Unsecd. Note, 144A, 8.150%, 6/10/2055 | &nbsp;&nbsp; 532455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Azule Energy Finance PLC, Sr. Unsecd. Note, 144A, 8.125%, 1/23/2030 | &nbsp;&nbsp; 506384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580000 | Empresa Electrica Cochrane SpA, 144A, 5.500%, 5/14/2027 | &nbsp;&nbsp; 580682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Energuate Trust, Sr. Unsecd. Note, 144A, 6.350%, 9/15/2035 | &nbsp;&nbsp; 500071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Enfragen Energia Sur S.A., REGS, 5.375%, 12/30/2030 | &nbsp;&nbsp; 280102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Fs Luxembourg S.a.r.l., Sr. Unsecd. Note, 144A, 8.125%, 2/11/2036 | &nbsp;&nbsp; 489900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Fs Luxembourg S.a.r.l., Sr. Unsecd. Note, 144A, 8.875%, 2/12/2031 | &nbsp;&nbsp; 319023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Globeleq Mesoamerica, Sr. Note, 144A, 6.250%, 4/26/2029 | &nbsp;&nbsp; 1410352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 684000 | Greenko Power II Ltd., Sr. Unsecd. Note, 144A, 4.300%, 12/13/2028 | &nbsp;&nbsp; 655743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225161 | Light Serv Eletricidade, Term Loan - 1st Lien, 4.210%, 12/19/2032 | &nbsp;&nbsp; 163242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175575 | LLPL Capital Pte. Ltd., 144A, 6.875%, 2/4/2039 | &nbsp;&nbsp; 182499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1350000 | Minejesa Capital B.V., Sec. Fac. Bond, 144A, 5.625%, 8/10/2037 | &nbsp;&nbsp; 1334240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Saavi Energia S.a r.l., Sr. Unsecd. Note, REGS, 8.875%, 2/10/2035 | &nbsp;&nbsp; 2167800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Termocandelaria Power S.A., Sr. Unsecd. Note, 144A, 7.750%, 9/17/2031 | &nbsp;&nbsp; 519105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Zorlu Enerji Elektrik Uretim AS, Sr. Unsecd. Note, 144A, 11.000%, 4/23/2030 | &nbsp;&nbsp; 186833 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9828431 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $143,213,869)<br>| &nbsp;&nbsp; 142888177 |
|  | COMMON STOCKS—0.0% |  |
|  | **Consumer Products—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191350<br><sup>4,5</sup> <br>| Atento Luxco 1 S.A. | &nbsp;&nbsp; 0 |
|  | **Finance—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67865<br><sup>4,5</sup> <br>| Unifin Financiera, S.A.B. de C.V. | &nbsp;&nbsp; 0 |
|  | **Real Estate—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000 | Country Garden Services Holdings Co. Ltd. | &nbsp;&nbsp; 113 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $270,891)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113 |
|  | EXCHANGE-TRADED FUNDS—0.6% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8953 | iShares Emerging Markets Local Currency Bond ETF | &nbsp;&nbsp; 379070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35667 | iShares JP Morgan USD Emerging Markets Bond ETF | &nbsp;&nbsp; 3444719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6082 | iShares MSCI Emerging Markets ETF | &nbsp;&nbsp; 359446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900 | iShares MSCI Taiwan ETF | &nbsp;&nbsp; 333494 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL EXCHANGE-TRADED FUNDS <br>(IDENTIFIED COST $4,499,049)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4516729 |
|  | INVESTMENT COMPANY—3.4% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26703592 | Federated Hermes Government Obligations Fund, Premier Shares, 3.59%<sup>6</sup> <br>(IDENTIFIED COST $26,703,592)<br>| &nbsp;&nbsp; 26703592 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—100.4% <br>(IDENTIFIED COST $712,151,756)<br>| &nbsp;&nbsp; 781150405 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(0.4)%<sup>7</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (2999820) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $778150585 |

---

At January 31, 2026, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**(Depreciation)**<br>|
| **Short Futures:** |  |  |  |  |
| United States Treasury Long Bond Short Futures | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; $230250 | March 2026 | &nbsp;&nbsp;&nbsp; $(692) |

---

**11**

------

At January 31, 2026, the Fund had the following outstanding foreign exchange contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Settlement** <br>**Date**<br>| **Counterparty** | **Foreign** <br>**Currency** <br>**Units to** <br>**Deliver/Receive** | **Foreign** <br>**Currency** <br>**Units to** <br>**Deliver/Receive** | &nbsp;&nbsp; **In** <br>**Exchange** <br>**For**<br>| **Net Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| **Contracts Purchased:** |  |  |  |  |  |
| 2/4/2026 | State Street Bank & Trust Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1946662 | EUR | $2265292 | &nbsp;&nbsp; $42290 |
| 2/18/2026 | Standard Chartered Bank | &nbsp;&nbsp;&nbsp;&nbsp; 17600000 | EGP | $360287 | &nbsp;&nbsp; $10696 |
| 2/19/2026 | BNP Paribas SA | &nbsp;&nbsp; 323000000 | CLP | $350022 | &nbsp;&nbsp; $19553 |
| 3/18/2026 | Morgan Stanley Capital | &nbsp;&nbsp; 337897275 | CLP | $359676 | &nbsp;&nbsp; $26896 |
| 3/18/2026 | Bank of America, N.A. | &nbsp;&nbsp; 328665843 | CLP | $359854 | &nbsp;&nbsp; $16156 |
| 3/18/2026 | Goldman Sachs Bank | &nbsp;&nbsp; 1002458371 | CLP | $1168053 | &nbsp;&nbsp; $(21188) |
| 3/18/2026 | State Street Bank & Trust Co. | &nbsp;&nbsp; 333725997 | CLP | $361419 | &nbsp;&nbsp; $20380 |
| 3/18/2026 | Bank of America, N.A. | &nbsp;&nbsp; 324197850 | CLP | $359764 | &nbsp;&nbsp; $11135 |
| 3/18/2026 | BNP Paribas SA | &nbsp;&nbsp; 2728673749 | COP | $740196 | &nbsp;&nbsp; $(8332) |
| 3/18/2026 | BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp; 58322000 | ZAR | $3617662 | &nbsp;&nbsp; $(18649) |
| 4/15/2026 | State Street Bank & Trust Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652289 | EUR | $781386 | &nbsp;&nbsp; $(5611) |
| **Contracts Sold:** |  |  |  |  |  |
| 2/4/2026 | JPMorgan Chase Bank N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | EUR | $536108 | &nbsp;&nbsp; $2676 |
| 2/4/2026 | State Street Bank & Trust Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652289 | EUR | $778818 | &nbsp;&nbsp; $5591 |
| 2/4/2026 | JPMorgan Chase Bank N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | EUR | $531689 | &nbsp;&nbsp; $(1743) |
| 2/4/2026 | JPMorgan Chase Bank N.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394372 | EUR | $463199 | &nbsp;&nbsp; $(4292) |
| 2/19/2026 | BNP Paribas SA | &nbsp;&nbsp; 323000000 | CLP | $344820 | &nbsp;&nbsp; $(24755) |
| 3/18/2026 | Morgan Stanley Capital | &nbsp;&nbsp; 328665843 | CLP | $364686 | &nbsp;&nbsp; $(11325) |
| 3/18/2026 | Morgan Stanley Capital | &nbsp;&nbsp; 333725997 | CLP | $364839 | &nbsp;&nbsp; $(16960) |
| 3/18/2026 | Morgan Stanley Capital | &nbsp;&nbsp; 337897275 | CLP | $360928 | &nbsp;&nbsp; $(25644) |
| 3/18/2026 | Goldman Sachs Bank | &nbsp;&nbsp; 2728673749 | COP | $723909 | &nbsp;&nbsp; $(7955) |
| 3/18/2026 | UBS AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6720400 | EUR | $7922794 | &nbsp;&nbsp; $(59380) |
| 4/15/2026 | BNP Paribas SA | &nbsp;&nbsp; 1350000000 | COP | $359331 | &nbsp;&nbsp; $(484) |
| 4/15/2026 | Morgan Stanley Capital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652289 | EUR | $780937 | &nbsp;&nbsp; $5162 |
| 5/4/2026 | BNP Paribas SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1656291 | BRL | $311846 | &nbsp;&nbsp; $3449 |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FOREIGN EXCHANGE CONTRACTS | &nbsp;&nbsp; $(42334) |

---

Net Unrealized Appreciation/Depreciation on Futures and Foreign Exchange Contracts are included in "Other Assets and Liabilities— Net."

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended January 31, 2026, were as follows:

---

| | |
|:---|:---|
|  | **Federated** <br>**Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares**<br>|
| Value as of 10/31/2025 | &nbsp;&nbsp; $16370372 |
| Purchases at Cost | &nbsp;&nbsp; $109147459 |
| Proceeds from Sales | &nbsp;&nbsp; $(98814239) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 1/31/2026 | &nbsp;&nbsp; $26703592 |
| Shares Held as of 1/31/2026 | &nbsp;&nbsp;&nbsp; 26703592 |
| Dividend Income | &nbsp;&nbsp; $202982 |

---

**12**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 1 | *Perpetual Bond Security. The maturity date reflects the next call date.* |
| 2 | *Zero coupon bond, reflects effective rate at time of purchase.* |
| 3 | *Issuer in default.* |
| 4 | *Non-income-producing security.* |
| 5 | *Market quotations and price evaluations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established* <br> *by and under the general supervision of the Fund's Adviser acting through its Valuation Committee.*<br>|
| 6 | *7-day net yield.* |
| 7 | *Assets, other than investments in securities, less liabilities.* |

---

Note: The categories of investments are shown as a percentage of net assets at January 31, 2026.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is

**13**

------

both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

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.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of January 31, 2026, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Foreign Governments/Agencies | &nbsp;&nbsp; $— | &nbsp;&nbsp; $607041794 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $607041794 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 142594515 | &nbsp;&nbsp; 293662 | &nbsp;&nbsp; 142888177 |
| **Exchange-Traded Funds** | &nbsp;&nbsp;&nbsp; 4516729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4516729 |
| **Equity Security:** |  |  |  |  |
| Common Stock |  |  |  |  |
| &nbsp;&nbsp; International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113 |
| **Investment Company** | &nbsp;&nbsp; 26703592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26703592 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $31220321 | &nbsp;&nbsp; $749636422 | &nbsp;&nbsp; $293662 | &nbsp;&nbsp; $781150405 |
| **Other Financial Instruments:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp; Foreign Exchange Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $163984 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $163984 |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp; Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (692) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (692) |
| &nbsp;&nbsp; Foreign Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (206318) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (206318) |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER FINANCIAL INSTRUMENTS | &nbsp;&nbsp; $(692) | &nbsp;&nbsp; $(42334) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(43026) |

---

**14**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| BRL | —Brazilian Real |
| CJSC | —Closed Joint Stock Company |
| CLP | —Chilean Peso |
| COP | —Colombian Peso |
| EGP | —Egyptian Pound |
| EMTN | —Euro Medium Term Note |
| ETF | —Exchange-Traded Fund |
| EUR | —Euro |
| GMTN | —Global Medium Term Note |
| LLP | —Limited Liability Partnership |
| NGN | —Nigerian Naira |
| USD | —United States Dollar |
| ZAR | —South African Rand |

---

**15**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Federated Hermes Core Trust

- **b. Investment Company Act file number:** 811-08519

- **c. CIK number of Registrant:** 0001034106

- **d. LEI of Registrant:** 254900HYFNGKM5PJOV84

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Emerging Markets Core Fund

- **b. EDGAR series identifier (if any):** S000054054

- **c. LEI of Series:** 549300SPUQUG24VI1F02

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $789002031.42

**Total Liabilities:** $14372850.36

**Net Assets:** $774629181.06

**Delayed Delivery Securities:** $490820.00

**Cash Not Reported:** $97675.21

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -175.385312000000 | **1-Year:** -4721.809774000000 | **5-Year:** -19957.251638000000 | **10-Year:** -31702.915710000000 | **30-Year:** -19422.912492000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -1867.296133000000 | **1-Year:** -37438.238563000000 | **5-Year:** -129946.263321000000 | **10-Year:** -123864.682541000000 | **30-Year:** -34896.769209000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169915 | 0.52%                | 1.40%                | 1.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2471492.41              | $-2099482.51                               |
| Month 2  | $1667388.98              | $4231222.22                                |
| Month 3  | $3467802.29              | $-2960085.52                               |

**Designated Index Information**

- **Index Name:** Bloomberg EM Seasoned ex Aggregate/Eurodollar

- **Index Identifier:** BC2899USD

### Schedule of Portfolio Investments

| Name                                                    | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    4450000 | PA      | $4343983.20   | 0.56%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TRANSNET/SOUTH AFRICA                                   | Transnet SOC Ltd                                                          | CUSIP: 89378TAD5<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |     600000 | PA      | $633437.85    | 0.08%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds              | El Salvador Government International Bonds                                | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1350000 | PA      | $1397250.00   | 0.18%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| COLOMBIA TELECOMUNICACIO                                | Colombia Telecomunicaciones SA ESP                                        | CUSIP: 000000000<br>LEI: 549300CK4YN0V1C3MN55 | Long             | DBT              | CORP              | CO        |     600000 | PA      | $565116.00    | 0.07%             | 2030-07-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS                                              | Akbank TAS                                                                | CUSIP: 00971YAK6<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |    2000000 | PA      | $2087585.72   | 0.27%             | 2029-03-14      | Fixed         | 9.37%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                      | Angolan Government International Bond                                     | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    1100000 | PA      | $1078842.50   | 0.14%             | 2029-11-26      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                      | Angolan Government International Bond                                     | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    5300000 | PA      | $5184362.22   | 0.67%             | 2032-04-14      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                       | CUSIP: 03846JAE0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     900000 | PA      | $904670.55    | 0.12%             | 2033-09-30      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                       | CUSIP: 03846JAH3<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1300000 | PA      | $1414941.35   | 0.18%             | 2030-02-04      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                          | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   10429831 | PA      | $8823636.79   | 1.14%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                          | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   10050000 | PA      | $8085225.00   | 1.04%             | 2038-01-09      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                          | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    9500000 | PA      | $6868500.00   | 0.89%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                          | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    2030000 | PA      | $1786400.00   | 0.23%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                     | Avianca Midco 2 PLC                                                       | CUSIP: 05369YAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     700000 | PA      | $715750.00    | 0.09%             | 2031-01-28      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| AXIAN TELE HOLD PLC                                     | Axian Telecom Holding & Management PLC                                    | CUSIP: 05465QAA7<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |    1200000 | PA      | $1217478.77   | 0.16%             | 2030-07-11      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| AZUL SECURED FINANCE LLP                                | Azul Secured Finance LLP                                                  | CUSIP: 05501WAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     198485 | PA      | $4852.74      | 0.00%             | 2030-08-28      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                     | CUSIP: 05675M2G8<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    2600000 | PA      | $2417173.20   | 0.31%             | 2033-01-25      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                                     | Banco Davivienda SA                                                       | CUSIP: 059501AG1<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |     800000 | PA      | $836000.00    | 0.11%             | 2035-07-02      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                | Banco BTG Pactual SA/Cayman Islands                                       | CUSIP: 05971AAK7<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |     500000 | PA      | $516929.00    | 0.07%             | 2029-04-08      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                     | Benin Government International Bond                                       | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     800000 | PA      | $835520.42    | 0.11%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL LTD                                       | Bharti Airtel Ltd                                                         | CUSIP: 08860HAC8<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | DBT              | CORP              | IN        |     750000 | PA      | $708967.31    | 0.09%             | 2031-06-03      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| BIOCON BIOLOGICS GLOBAL                                 | Biocon Biologics Global PLC                                               | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |     500000 | PA      | $508053.67    | 0.07%             | 2029-10-09      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                     | CUSIP: 105756CA6<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    1500000 | PA      | $1487100.00   | 0.19%             | 2029-05-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                   | CUSIP: 105756CJ7<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     883000 | PA      | $882417.22    | 0.11%             | 2054-05-13      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                   | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    4625000 | PA      | $4752187.50   | 0.61%             | 2035-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                  | Brazilian Government International Bond                                   | CUSIP: 105756CN8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2109000 | PA      | $2104782.00   | 0.27%             | 2056-01-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                   | CUSIP: 195325DQ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     900000 | PA      | $661500.00    | 0.09%             | 2049-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                    | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    3400000 | PA      | $3551980.00   | 0.46%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                    | Colombia Government International Bond                                    | CUSIP: 195325EV3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     275000 | PA      | $272373.75    | 0.04%             | 2033-01-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                                | Digicel International Finance Ltd / Difl US LLC                           | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    2600000 | PA      | $2705016.60   | 0.35%             | 2032-08-01      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                     | CUSIP: 25714PFC7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     500000 | PA      | $534250.00    | 0.07%             | 2055-02-24      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED EUR / SOLD USD                                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $42289.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED CLP / SOLD USD                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | CL        |          1 | NC      | $19553.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED CLP / SOLD USD                                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CL        |          1 | NC      | $20380.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED USD / SOLD CLP                                                  | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-16960.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED ZAR / SOLD USD                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | ZA        |          1 | NC      | $-18649.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $2675.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED EUR / SOLD USD                                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $-5611.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                              | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    2300000 | PA      | $2465491.90   | 0.32%             | 2029-01-19      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| EDO SUKUK LTD                                           | EDO Sukuk Ltd                                                             | CUSIP: 28135J2A4<br>LEI: 5493000LZIE4T625R469 | Long             | DBT              | CORP              | KY        |     900000 | PA      | $949425.75    | 0.12%             | 2033-09-21      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                                 | EIG Pearl Holdings Sarl                                                   | CUSIP: 28249NAB7<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |    1200000 | PA      | $1005120.00   | 0.13%             | 2046-11-30      | Fixed         | 4.39%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                 | CUSIP: 283875CG5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     650000 | PA      | $742625.00    | 0.10%             | 2054-11-21      | Fixed         | 9.65%                 | Yes           |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                                | Embraer Netherlands Finance BV                                            | CUSIP: 29082HAF9<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |     800000 | PA      | $790440.09    | 0.10%             | 2038-01-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FS LUXEMBOURG SARL                                      | FS Luxembourg Sarl                                                        | CUSIP: 30315XAC8<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |     300000 | PA      | $319022.70    | 0.04%             | 2031-02-12      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                       | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     198736 | PA      | $173750.47    | 0.02%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                                        | Grupo Nutresa SA                                                          | CUSIP: 40055CAA1<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |    1000000 | PA      | $1066475.57   | 0.14%             | 2030-05-12      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                                        | Grupo Nutresa SA                                                          | CUSIP: 40055CAB9<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |     750000 | PA      | $838125.00    | 0.11%             | 2035-05-12      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                 | CUSIP: 401494AX7<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    1000000 | PA      | $1092250.00   | 0.14%             | 2032-10-04      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                 | CUSIP: 401494AY5<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    4500000 | PA      | $4667535.00   | 0.60%             | 2031-08-06      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| ISRAEL ELECTRIC CORP LTD                                | Israel Electric Corp Ltd                                                  | CUSIP: 465077AL9<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |     100000 | PA      | $99313.48     | 0.01%             | 2028-08-14      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                                      | JSW Infrastructure Ltd                                                    | CUSIP: 46654XAA7<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |     700000 | PA      | $703328.41    | 0.09%             | 2029-01-21      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                | Navoi Mining & Metallurgical Combinat                                     | CUSIP: 63890CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |    2500000 | PA      | $2594259.08   | 0.33%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                     | CUSIP: 65412AFG2<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1000000 | PA      | $1070541.84   | 0.14%             | 2046-01-13      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                     | CUSIP: 65412JAS2<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1650000 | PA      | $1666997.43   | 0.22%             | 2033-09-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ORAZUL ENERGY PERU SA                                   | Orazul Energy Peru SA                                                     | CUSIP: 685948AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     275000 | PA      | $277959.83    | 0.04%             | 2032-09-17      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                    | Paraguay Government International Bond                                    | CUSIP: 699149AH3<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    4000000 | PA      | $3687440.00   | 0.48%             | 2050-03-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    2250000 | PA      | $2145260.03   | 0.28%             | 2035-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    5450000 | PA      | $5444606.68   | 0.70%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                | Petrobras Global Finance BV                                               | CUSIP: 71647NBJ7<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |     300000 | PA      | $249328.71    | 0.03%             | 2051-06-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                             | Petrobras Global Finance BV                                               | CUSIP: 71647NBL2<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    7100000 | PA      | $7076037.50   | 0.91%             | 2035-01-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    2850000 | PA      | $2261974.32   | 0.29%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    3000000 | PA      | $3079074.00   | 0.40%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE CORDOBA                                    | Provincia de Cordoba                                                      | CUSIP: 74408DAG9<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |    1100000 | PA      | $1078190.93   | 0.14%             | 2035-02-03      | Fixed         | 8.60%                 | Yes           |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                                | Puma International Financing SA                                           | CUSIP: 74588YAB6<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |    1400000 | PA      | $1452300.68   | 0.19%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF RWANDA                                      | Rwanda International Government Bond                                      | CUSIP: 78347YAL7<br>LEI: 213800DQC28OBRZDYJ87 | Long             | DBT              | NUSS              | RW        |     900000 | PA      | $837019.52    | 0.11%             | 2031-08-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                | Republic of South Africa Government International Bond                    | CUSIP: 836205BF0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     500000 | PA      | $529931.06    | 0.07%             | 2036-11-19      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                                    | Telecom Argentina SA                                                      | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |    1600000 | PA      | $1691558.40   | 0.22%             | 2033-05-28      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123CG3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    4900000 | PA      | $4459099.81   | 0.58%             | 2045-02-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    4200000 | PA      | $3381315.00   | 0.44%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2000000 | PA      | $2265650.32   | 0.29%             | 2030-07-13      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                     | Turkiye Government International Bond                                     | CUSIP: 900123DU1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    3000000 | PA      | $2971194.81   | 0.38%             | 2038-01-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                     | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     529527 | PA      | $335922.50    | 0.04%             | 2030-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                     | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1393498 | PA      | $784468.08    | 0.10%             | 2036-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                   | Mexico Government International Bond                                      | CUSIP: 91087BBQ2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     300000 | PA      | $298902.00    | 0.04%             | 2034-02-09      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                          | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     700000 | PA      | $750230.16    | 0.10%             | 2029-09-17      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                          | CUSIP: 92243XAL5<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    1700000 | PA      | $1833583.06   | 0.24%             | 2033-04-24      | Fixed         | 9.85%                 | Yes           |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                          | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     700000 | PA      | $738964.56    | 0.10%             | 2030-07-24      | Fixed         | 9.48%                 | Yes           |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                          | CUSIP: 92243XAN1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     750000 | PA      | $786213.20    | 0.10%             | 2032-10-15      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bond                                   | CUSIP: 922646BL7<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     500000 | PA      | $215050.00    | 0.03%             | 2034-01-13      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| VIVO ENERGY INVESTMENTS                                 | Vivo Energy Investments BV                                                | CUSIP: 92856HAB0<br>LEI: 724500P3OXMB2IERLM56 | Long             | DBT              | CORP              | NL        |     700000 | PA      | $699087.41    | 0.09%             | 2027-09-24      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                    | CUSIP: 984245AV2<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    2050000 | PA      | $2130252.64   | 0.28%             | 2029-06-30      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                    | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     985000 | PA      | $1044925.81   | 0.13%             | 2031-01-17      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                  | CUSIP: 984848AW1<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    2000000 | PA      | $1997003.60   | 0.26%             | 2036-06-11      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                 | Bonos Para La Reconstruccion De Una Argentina Libre                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |     450000 | PA      | $391810.50    | 0.05%             | 2028-10-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Argentina Bonar Bonds                                   | Argentina Bonar Bonds                                                     | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    1400000 | PA      | $833028.00    | 0.11%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                | Brazil Notas do Tesouro Nacional Serie F                                  | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2000000 | PA      | $328525.58    | 0.04%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                 | Energean Israel Finance Ltd                                               | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     200000 | PA      | $214491.56    | 0.03%             | 2033-09-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ISRAEL ELECTRIC CORP LTD                                | Israel Electric Corp Ltd                                                  | CUSIP: 000000000<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |     400000 | PA      | $374806.43    | 0.05%             | 2032-02-22      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| NIGERIA OMO BILL                                        | Nigeria OMO Bill                                                          | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        | 7000000000 | PA      | $4784795.91   | 0.62%             | 2026-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                                     | Klabin Austria GmbH                                                       | CUSIP: 000000000<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |    1000000 | PA      | $1036044.93   | 0.13%             | 2049-04-03      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                                | AI Candelaria Spain SA                                                    | CUSIP: 000000000<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |    1688016 | PA      | $1729507.04   | 0.22%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                                | AL Candelaria -spain- SA                                                  | CUSIP: 000000000<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |     400000 | PA      | $357802.00    | 0.05%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                                     | CSN Inova Ventures                                                        | CUSIP: 000000000<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |    1050000 | PA      | $1005096.54   | 0.13%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CT TRUST                                                | CT Trust                                                                  | CUSIP: 000000000<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |    2050000 | PA      | $1956709.28   | 0.25%             | 2032-02-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                 | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     800000 | PA      | $792466.36    | 0.10%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                        | CSN Resources SA                                                          | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |     750000 | PA      | $589247.55    | 0.08%             | 2031-06-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                            | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    2150000 | PA      | $812968.75    | 0.10%             | 2050-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds              | El Salvador Government International Bonds                                | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     800000 | PA      | $908232.00    | 0.12%             | 2052-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                                 | Bahamas Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |    2300000 | PA      | $2596539.00   | 0.34%             | 2032-10-15      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| BANCO DE BOGOTA SA                                      | Banco de Bogota SA                                                        | CUSIP: 000000000<br>LEI: 549300LYHE7LWSKDZT53 | Long             | DBT              | CORP              | CO        |    1250000 | PA      | $1257041.25   | 0.16%             | 2026-05-12      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ESC GCBREGS CREDITO RE                                  | ESC GCBREGS CREDITO RE                                                    | CUSIP: 000000000<br>LEI: 549300W2IL7TPPCTKL39 | Long             | DBT              | CORP              | MX        |      60000 | PA      | $156.00       | 0.00%             | 2026-02-07      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bond                                     | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    3000000 | PA      | $3070500.00   | 0.40%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bond                                     | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    2950000 | PA      | $2618125.00   | 0.34%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                     | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    5500000 | PA      | $5259265.00   | 0.68%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bond                                     | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1400000 | PA      | $1425200.00   | 0.18%             | 2033-02-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT                                      | Bolivian Government International Bond                                    | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |    1700000 | PA      | $1586763.00   | 0.20%             | 2030-03-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                 | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    3000000 | PA      | $3018630.00   | 0.39%             | 2032-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                 | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    1000000 | PA      | $1009600.00   | 0.13%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                                   | Petroleos del Peru SA                                                     | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     600000 | PA      | $453468.00    | 0.06%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                                   | Petroleos del Peru SA                                                     | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    1800000 | PA      | $1209825.00   | 0.16%             | 2047-06-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TELEFONICA MOVILES CHILE                                | Telefonica Moviles Chile SA                                               | CUSIP: 000000000<br>LEI: 549300PDWJ2U6A15B785 | Long             | DBT              | CORP              | CL        |     800000 | PA      | $571405.34    | 0.07%             | 2031-11-18      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bond                                   | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     200000 | PA      | $76020.00     | 0.01%             | 2038-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| JSW STEEL LTD                                           | JSW Steel Ltd                                                             | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |    1550000 | PA      | $1548247.46   | 0.20%             | 2032-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                          | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    1584091 | PA      | $1160346.59   | 0.15%             | 2046-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                     | CUSIP: 05675M2J2<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    1300000 | PA      | $1213097.76   | 0.16%             | 2034-05-18      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                      | Mongolia Government International Bond                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |     800000 | PA      | $782411.43    | 0.10%             | 2027-07-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PNG GOVT INTL BOND                                      | Papua New Guinea Government International Bond                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | PG        |     400000 | PA      | $417135.49    | 0.05%             | 2028-10-04      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                | Banco BTG Pactual SA/Cayman Islands                                       | CUSIP: 05971AAL5<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |     480000 | PA      | $487680.00    | 0.06%             | 2030-01-22      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                    | CUSIP: 195325BK0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    3800000 | PA      | $3854340.00   | 0.50%             | 2037-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                    | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1600000 | PA      | $1672800.00   | 0.22%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                              | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    1500000 | PA      | $1083981.00   | 0.14%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| iShares MSCI Emerging Markets ETF                       | iShares MSCI Emerging Markets ETF                                         | CUSIP: 464287234<br>LEI: 549300BPYHDEDI59G670 | Long             | EC               | RF                | US        |       6082 | NS      | $359446.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Jamaica Government International Bonds                  | Jamaica Government International Bonds                                    | CUSIP: 470160AV4<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    1500000 | PA      | $1808970.00   | 0.23%             | 2039-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                 | Latam Airlines Group SA                                                   | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    1300000 | PA      | $1365559.00   | 0.18%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                      | Mongolia Government International Bond                                    | CUSIP: 60937LAJ4<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |     700000 | PA      | $727268.61    | 0.09%             | 2030-02-25      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| NEMAK SAB DE CV                                         | Nemak SAB de CV                                                           | CUSIP: 64045DAC8<br>LEI: 5493000MY3DAIB0BP706 | Long             | DBT              | CORP              | MX        |     300000 | PA      | $261371.01    | 0.03%             | 2031-06-28      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | SASOL Financing USA LLC                                                   | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    1900000 | PA      | $1901076.73   | 0.25%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SRI REJEKI ISMAN TBK PT                                 | Sri Rejeki Isman Tbk PT                                                   | CUSIP: 000000000<br>LEI: 254900TBASD7T48GQU02 | Long             | DBT              | CORP              | ID        |    1200000 | PA      | $42000.00     | 0.01%             | 2025-01-16      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                 | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    2000000 | PA      | $2149440.00   | 0.28%             | 2032-04-10      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| SIMPAR EUROPE SA                                        | Simpar Europe SA                                                          | CUSIP: 82883PAA2<br>LEI: 54930068BSUST41D5C30 | Long             | DBT              | CORP              | LU        |     500000 | PA      | $415625.00    | 0.05%             | 2031-01-26      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bond                    | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    2500000 | PA      | $1903883.98   | 0.25%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                  | Gran Tierra Energy Inc                                                    | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |     549000 | PA      | $439194.51    | 0.06%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                       | Republic of Kenya Government International Bond                           | CUSIP: 491798AQ7<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     800000 | PA      | $809108.91    | 0.10%             | 2038-10-09      | Fixed         | 8.80%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                              | CUSIP: 90015WAM5<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    1000000 | PA      | $1087150.55   | 0.14%             | 2028-10-12      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NEMAK SAB DE CV                                         | Nemak SAB de CV                                                           | CUSIP: 000000000<br>LEI: 5493000MY3DAIB0BP706 | Long             | DBT              | CORP              | MX        |     500000 | PA      | $435618.35    | 0.06%             | 2031-06-28      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                | Petroleos de Venezuela SA                                                 | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |    1200000 | PA      | $351000.00    | 0.05%             | 2027-04-12      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                       | Lebanon Government International Bond                                     | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    1700000 | PA      | $496485.00    | 0.06%             | 2022-10-04      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                     | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    2575651 | PA      | $1593355.12   | 0.21%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                                      | Saavi Energia Sarl                                                        | CUSIP: 000000000<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |    2000000 | PA      | $2167800.00   | 0.28%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Southern Gas Corridor CJSC                              | Southern Gas Corridor CJSC                                                | CUSIP: 000000000<br>LEI: 213800DG58KG59XY6318 | Long             | DBT              | CORP              | AZ        |     800000 | PA      | $805058.79    | 0.10%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bond                                        | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    1600000 | PA      | $1688460.21   | 0.22%             | 2047-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bonds                  | Senegal Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     800000 | PA      | $430021.44    | 0.06%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                    | Saudi Government International Bonds                                      | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    1500000 | PA      | $942439.58    | 0.12%             | 2061-02-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                     | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     700000 | PA      | $707000.00    | 0.09%             | 2034-01-29      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Senegal Government International Bonds                  | Senegal Government International Bonds                                    | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     300000 | PA      | $172746.63    | 0.02%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHINA GRT WALL INTL III                                 | CHINA GREAT WA 3.875 8/27                                                 | CUSIP: 000000000<br>LEI: 254900Z04YK19SP3M967 | Long             | DBT              | CORP              | VG        |    1100000 | PA      | $1093089.56   | 0.14%             | 2027-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Republic of Azerbaijan International Bonds              | Republic of Azerbaijan International Bond                                 | CUSIP: 000000000<br>LEI: 549300P74FF45UQVU281 | Long             | DBT              | NUSS              | AZ        |     800000 | PA      | $745193.42    | 0.10%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CFAMC III CO LTD                                        | Huarong Finance 2017 Co Ltd                                               | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |     400000 | PA      | $398797.33    | 0.05%             | 2027-11-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     700000 | PA      | $709624.72    | 0.09%             | 2027-11-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bond                                        | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    1900000 | PA      | $2049838.96   | 0.26%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1000000 | PA      | $1030105.63   | 0.13%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                   | Sharjah Sukuk Program Ltd                                                 | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |     500000 | PA      | $492759.39    | 0.06%             | 2028-03-14      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| ACU PETROLEO LUXEMBOURG                                 | Acu Petroleo Luxembourg Sarl                                              | CUSIP: 00110RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     421819 | PA      | $434738.46    | 0.06%             | 2032-01-13      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AES ANDES SA                                            | AES Andes SA                                                              | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |     500000 | PA      | $532455.19    | 0.07%             | 2055-06-10      | Fixed         | 8.15%                 | Yes           |                  2 | On Loan: No      |
| CHINA OVERSEAS FIN                                      | CHINA OVERSEAS FIN COMPANY GUAR REGS 04/28 4.75                           | CUSIP: 000000000<br>LEI: 3003003EQA2BE4U94Y86 | Long             | DBT              | CORP              | KY        |    2700000 | PA      | $2726458.79   | 0.35%             | 2028-04-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bond                           | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    4500000 | PA      | $4695847.43   | 0.61%             | 2032-05-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                   | CUSIP: 105756CB4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    3000000 | PA      | $2200200.00   | 0.28%             | 2050-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                   | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    4450000 | PA      | $4497170.00   | 0.58%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                                  | Republic of Uzbekistan International Bond                                 | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    1500000 | PA      | $1510311.44   | 0.19%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARMENIA                                     | Republic of Armenia International Bond                                    | CUSIP: 000000000<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |    1000000 | PA      | $952108.15    | 0.12%             | 2029-09-26      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                     | CUSIP: 105756CG3<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    4000000 | PA      | $4184000.00   | 0.54%             | 2031-03-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                    | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    2350000 | PA      | $1984222.50   | 0.26%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | PURCHASED USD / SOLD COP                                                  | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |          1 | NC      | $-7954.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                 | CUSIP: 283875AH5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1000000 | PA      | $1074720.00   | 0.14%             | 2032-04-10      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT                                      | Bolivian Government International Bond                                    | CUSIP: 29731QAC1<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |     500000 | PA      | $471715.00    | 0.06%             | 2028-03-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                 | CUSIP: 401494AR0<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     600000 | PA      | $585000.00    | 0.08%             | 2050-06-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| HUNT OIL CO OF PERU                                     | Hunt Oil Co of Peru LLC Sucursal Del Peru                                 | CUSIP: 445640AD7<br>LEI: 549300SVO0550J3IKN50 | Long             | DBT              | CORP              | PE        |    1350000 | PA      | $1485675.00   | 0.19%             | 2038-11-05      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD                                   | Investment Energy Resources Ltd                                           | CUSIP: 46143NAB6<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |    1400000 | PA      | $1410351.60   | 0.18%             | 2029-04-26      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Angola Government International Bonds                   | Angola Government International Bonds                                     | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    4000000 | PA      | $3923536.60   | 0.51%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Finance Department Government of Sharjah                | Finance Department Government of Sharjah                                  | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |     800000 | PA      | $532738.82    | 0.07%             | 2050-07-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOVIDA EUROPE SA                                        | Movida Europe SA                                                          | CUSIP: 62459LAC3<br>LEI: 549300YRJE0V6QKU7C86 | Long             | DBT              | CORP              | LU        |     600000 | PA      | $582278.31    | 0.08%             | 2029-04-11      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                     | CUSIP: 65412AFC1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1100000 | PA      | $1244070.56   | 0.16%             | 2031-06-09      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71654QAZ5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1250000 | PA      | $1090687.13   | 0.14%             | 2041-06-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                    | CUSIP: 900123BG4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2000000 | PA      | $1935568.72   | 0.25%             | 2040-05-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALDAR PROPERTIES PJSC                                   | Aldar Properties PJSC                                                     | CUSIP: 013917AA7<br>LEI: 98450048CD8AEF13B480 | Long             | DBT              | CORP              | AE        |    1200000 | PA      | $1186392.02   | 0.15%             | 2056-04-14      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                | Banco BTG Pactual SA/Cayman Islands                                       | CUSIP: 05971AAM3<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |     700000 | PA      | $701400.00    | 0.09%             | 2031-01-27      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CITY OF BUENOS AIRES                                    | Autonomous City of Buenos Aires Argentina                                 | CUSIP: 11942GAD4<br>LEI: 5299007MC8RF52X0ON96 | Long             | DBT              | NUSS              | AR        |     719369 | PA      | $730929.56    | 0.09%             | 2027-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CIA DE MINAS BUENAVENTUR                                | Cia de Minas Buenaventura SAA                                             | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |    1000000 | PA      | $1043275.34   | 0.13%             | 2032-02-04      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Argentina Bonar Bonds                                   | Argentina Bonar Bonds                                                     | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   11000000 | PA      | $8388490.00   | 1.08%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    2000000 | PA      | $2103402.00   | 0.27%             | 2031-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                   | Costa Rica Government International Bond                                  | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    3800000 | PA      | $4113956.00   | 0.53%             | 2034-04-03      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                 | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    1250000 | PA      | $1365312.50   | 0.18%             | 2032-10-04      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| BRASKEM AMERICA FINANCE                                 | Braskem America Finance Co                                                | CUSIP: 000000000<br>LEI: 254900QMQAJ26H49CL75 | Long             | DBT              | CORP              | US        |     350000 | PA      | $140115.50    | 0.02%             | 2041-07-22      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                 | Pakistan Government International Bond                                    | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    4900000 | PA      | $4973424.20   | 0.64%             | 2027-12-05      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| EMPRESA ELECTRICA COCHRA                                | Empresa Electrica Cochrane SpA                                            | CUSIP: 29246XAB6<br>LEI: 5493000S11JF8TJHYT07 | Long             | DBT              | CORP              | CL        |     580000 | PA      | $580682.31    | 0.07%             | 2027-05-14      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                     | CUSIP: 65412AFF4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    2000000 | PA      | $2136558.36   | 0.28%             | 2036-01-13      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                     | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    5419453 | PA      | $4937121.68   | 0.64%             | 2035-07-31      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                      | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1100000 | PA      | $1071363.45   | 0.14%             | 2031-02-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                  | Ecuador Government International Bond                                     | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    1840000 | PA      | $1518000.00   | 0.20%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                              | Serbia International Bond                                                 | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     200000 | PA      | $175985.84    | 0.02%             | 2030-12-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                 | Pakistan Government International Bonds                                   | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    3800000 | PA      | $3824031.73   | 0.49%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                     | Senegal Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    2500000 | PA      | $1626990.47   | 0.21%             | 2037-06-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                     | Benin Government International Bond                                       | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |    1300000 | PA      | $1447850.34   | 0.19%             | 2035-01-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE                                | Provincia de Buenos Aires/Government Bonds                                | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    1400000 | PA      | $990500.00    | 0.13%             | 2037-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Pakistan Global Sukuk Programme Co. Ltd.                | Pakistan Global Sukuk Programme Co. Ltd.                                  | CUSIP: 000000000<br>LEI: 213800X5OY6CVYNY1M70 | Long             | DBT              | NUSS              | PK        |     700000 | PA      | $727028.32    | 0.09%             | 2029-01-31      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1100000 | PA      | $1169973.23   | 0.15%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                      | Zambia Government International Bond                                      | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    2999711 | PA      | $2161298.82   | 0.28%             | 2053-12-31      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bonds                                | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     700000 | PA      | $748322.18    | 0.10%             | 2036-04-01      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                | Republic of South Africa Government International Bond                    | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    2000000 | PA      | $1940280.00   | 0.25%             | 2037-12-11      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                     | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     400000 | PA      | $410000.00    | 0.05%             | 2039-01-29      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123CT5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    3000000 | PA      | $3199068.39   | 0.41%             | 2029-04-26      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123CY4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2400000 | PA      | $2368005.53   | 0.31%             | 2030-03-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC 04/21 8.25                            | LEBANESE REPUBLIC 04/21 8.25                                              | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | US        |    3800000 | PA      | $1130500.00   | 0.15%             | 2099-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO                                | Yinson Boronia Production BV                                              | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |    1765962 | PA      | $1963601.40   | 0.25%             | 2042-07-31      | Fixed         | 8.95%                 | Yes           |                  2 | On Loan: No      |
| ZORLU ENERJI ELEKTRIK                                   | Zorlu Enerji Elektrik Uretim AS                                           | CUSIP: 98977LAA4<br>LEI: 7890005B5CSNL39OYO75 | Long             | DBT              | CORP              | TR        |     200000 | PA      | $186833.25    | 0.02%             | 2030-04-23      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US LONG BOND(CBT) MAR26                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -2 | NC      | $-692.10      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Argentina Bonar Bonds                                   | Argentina Bonar Bonds                                                     | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    5500000 | PA      | $4311945.00   | 0.56%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                 | Energian Israel Finance Ltd                                               | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     500000 | PA      | $486334.53    | 0.06%             | 2031-03-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                                  | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    1000000 | PA      | $995492.40    | 0.13%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                            | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    1900000 | PA      | $821180.00    | 0.11%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                                   | Alibaba Group Holding Ltd                                                 | CUSIP: 01609WAV4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    1500000 | PA      | $1253878.11   | 0.16%             | 2047-12-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                       | CUSIP: 03846JAF7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    2800000 | PA      | $2731690.72   | 0.35%             | 2051-09-30      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                | Banco Mercantil de norte                                                  | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    1000000 | PA      | $1034311.00   | 0.13%             | 2029-06-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL COM EXT                                  | Banco Nacional de Comercio Exterior SNC/Cayman Islands                    | CUSIP: 000000000<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | CORP              | MX        |    2000000 | PA      | $1966787.86   | 0.25%             | 2031-08-11      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| ALFA BANK (ALFA BOND)                                   | Alfa Bank AO Via Alfa Bond Issuance PLC                                   | CUSIP: 000000000<br>LEI: 54930015QM0G7XTNYR27 | Long             | DBT              | CORP              | IE        |    2300000 | PA      | $115000.00    | 0.01%             | 2030-04-15      | Fixed         | 5.95%                 | No            |                  3 | On Loan: No      |
| AL RAJHI SUKUK LTD                                      | Al Rajhi Sukuk Ltd                                                        | CUSIP: 000000000<br>LEI: 549300FHETHK3XGY8N60 | Long             | DBT              | CORP              | KY        |    1000000 | PA      | $1007037.50   | 0.13%             | 2036-03-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                       | CUSIP: 03846JX21<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     700000 | PA      | $707521.37    | 0.09%             | 2032-01-15      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                     | CUSIP: 05674RAR5<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    2100000 | PA      | $2185462.36   | 0.28%             | 2037-07-07      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                       | CUSIP: 03846JW71<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1600000 | PA      | $1674619.50   | 0.22%             | 2029-03-01      | Fixed         | 7.60%                 | Yes           |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                                | Banco de Credito e Inversiones SA                                         | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     500000 | PA      | $540095.00    | 0.07%             | 2029-05-08      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                     | CUSIP: 25714PEN4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    2800000 | PA      | $2850400.00   | 0.37%             | 2033-02-22      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                     | CUSIP: 91087BBB5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     350000 | PA      | $364175.00    | 0.05%             | 2030-05-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                                     | Klabin Austria GmbH                                                       | CUSIP: 000000000<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |     800000 | PA      | $726475.12    | 0.09%             | 2031-01-12      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| TELECOM OF TRIN & TOBAGO                                | Telecommunications Services of Trinidad & Tobago Ltd                      | CUSIP: 000000000<br>LEI: 5299007N4G3EZWXAMB76 | Long             | DBT              | CORP              | TT        |     650000 | PA      | $663247.00    | 0.09%             | 2029-10-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                | Banco do Brasil SA/Cayman                                                 | CUSIP: 059578AK0<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |     500000 | PA      | $514057.84    | 0.07%             | 2031-03-18      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BARBADOS GOVT OF                                        | Barbados Government International Bond                                    | CUSIP: 067070AK8<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |    1000000 | PA      | $1071650.00   | 0.14%             | 2035-06-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                            | CUSIP: 10554TAG0<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    1000000 | PA      | $406250.00    | 0.05%             | 2033-02-13      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                   | CUSIP: 105756BB5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    3000000 | PA      | $3467670.00   | 0.45%             | 2034-01-20      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                | Abu Dhabi Government International Bonds                                  | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    1000000 | PA      | $672146.62    | 0.09%             | 2051-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                   | CUSIP: 105756CE8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    5500000 | PA      | $5092890.00   | 0.66%             | 2031-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                   | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    1700000 | PA      | $1718530.00   | 0.22%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                  | Brazilian Government International Bond                                   | CUSIP: 105756CM0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    3000000 | PA      | $3054000.00   | 0.39%             | 2030-11-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                   | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     400000 | PA      | $357640.00    | 0.05%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                    | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    2600000 | PA      | $2710760.00   | 0.35%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                    | Colombia Government International Bond                                    | CUSIP: 195325EU5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     287000 | PA      | $285794.60    | 0.04%             | 2031-01-21      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                 | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    3400000 | PA      | $3668406.85   | 0.47%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                 | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    1900000 | PA      | $2029550.40   | 0.26%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                     | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    2650000 | PA      | $2534009.50   | 0.33%             | 2032-09-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                     | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1500000 | PA      | $1601250.00   | 0.21%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED USD / SOLD CLP                                                  | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-25643.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                      | PURCHASED CLP / SOLD USD                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | CL        |          1 | NC      | $11134.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED USD / SOLD EUR                                                  | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $5162.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                              | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    1900000 | PA      | $2043432.90   | 0.26%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS                                          | Eskom Holdings SOC Ltd                                                    | CUSIP: 29646AAC0<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    2300000 | PA      | $2378277.86   | 0.31%             | 2028-08-10      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    2350000 | PA      | $2524630.50   | 0.33%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     300000 | PA      | $315399.90    | 0.04%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                       | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    2999325 | PA      | $2933643.53   | 0.38%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GRUPO TELEVISA SAB                                      | Grupo Televisa SAB                                                        | CUSIP: 40049JBA4<br>LEI: 549300O4AF0C816ILN62 | Long             | DBT              | CORP              | MX        |    4250000 | PA      | $2965090.19   | 0.38%             | 2045-05-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INRETAIL CONSUMER                                       | InRetail Consumer                                                         | CUSIP: 45790TAB1<br>LEI: 254900BI1YXHZ31NSP51 | Long             | DBT              | CORP              | PE        |     850000 | PA      | $830293.35    | 0.11%             | 2028-03-22      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| iShares J.P. Morgan EM Local Currency Bond ETF          | iShares J.P. Morgan EM Local Currency Bond ETF                            | CUSIP: 464286517<br>LEI: 549300ZZ765YKMMG3526 | Long             | EC               | RF                | US        |       8953 | NS      | $379070.02    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF KENYA                                       | Republic of Kenya Government International Bond                           | CUSIP: 491798AM6<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     300000 | PA      | $331438.85    | 0.04%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund            | Federated Hermes Government Obligations Fund                              | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |   26703592 | NS      | $26703591.90  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     750000 | PA      | $764943.75    | 0.10%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    7000000 | PA      | $6302455.60   | 0.81%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    3150000 | PA      | $3384142.65   | 0.44%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                    | Petronas Capital Ltd                                                      | CUSIP: 716743AR0<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     200000 | PA      | $175407.56    | 0.02%             | 2050-04-21      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bond                    | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    1800000 | PA      | $1794500.73   | 0.23%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN CO LLC                                   | Teva Pharmaceutical Finance Co LLC                                        | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |     200000 | PA      | $210572.78    | 0.03%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                | Turkcell Iletisim Hizmetleri AS                                           | CUSIP: 900111AC9<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    3000000 | PA      | $3147519.93   | 0.41%             | 2030-01-24      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123DA5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2500000 | PA      | $2501305.10   | 0.32%             | 2031-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                   | Mexico Government International Bond                                      | CUSIP: 91087BBR0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     300000 | PA      | $298800.00    | 0.04%             | 2038-02-09      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                   | Venezuela Government International Bond                                   | CUSIP: 922646AS3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     450000 | PA      | $192420.00    | 0.02%             | 2027-09-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC                                 | WE Soda Investments Holding PLC                                           | CUSIP: 92943TAA1<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |    1400000 | PA      | $1447624.33   | 0.19%             | 2028-10-06      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazilian Government International Bond                                   | CUSIP: 105756BY5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    3600000 | PA      | $3053556.00   | 0.39%             | 2047-02-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC                                 | WE Soda Investments Holding PLC                                           | CUSIP: 92943TAC7<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |    1250000 | PA      | $1296870.49   | 0.17%             | 2031-02-14      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                    | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    1000000 | PA      | $1022825.83   | 0.13%             | 2029-09-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                     | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    1625000 | PA      | $1365000.00   | 0.18%             | 2030-07-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                    | CUSIP: 984245BB5<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     875000 | PA      | $892984.75    | 0.12%             | 2034-01-17      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                  | CUSIP: 984848AT8<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |     500000 | PA      | $519020.96    | 0.07%             | 2029-10-10      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| AEROPUERTOS DOMINICANOS                                 | Aeropuertos Dominicanos Siglo XXI SA                                      | CUSIP: 007866AE6<br>LEI: 254900KJA5MXNPYB4W32 | Long             | DBT              | CORP              | DO        |     200000 | PA      | $209955.00    | 0.03%             | 2034-06-30      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                 | Bonos Para La Reconstruccion De Una Argentina Libre                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    2900000 | PA      | $2801777.00   | 0.36%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                 | Bonos Para La Reconstruccion De Una Argentina Libre                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |     800000 | PA      | $780000.00    | 0.10%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                    | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    2700000 | PA      | $2897505.00   | 0.37%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                     | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1000000 | PA      | $973000.00    | 0.13%             | 2030-01-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED CLP / SOLD USD                                                  | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CL        |          1 | NC      | $26896.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PROVINCIA DE ENTRE RIOS                                 | Provincia de Entre Rios Argentina                                         | CUSIP: 29384NAA2<br>LEI: 529900YISSWARKQRS409 | Long             | DBT              | NUSS              | AR        |     100701 | PA      | $97680.32     | 0.01%             | 2028-08-08      | Variable      | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Country Garden Holdings Co Ltd                          | Country Garden Holdings Co Ltd                                            | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | EC               | CORP              | KY        |       3000 | NS      | $113.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Unifin Financiera SAB de CV                             | Unifin Financiera SAB de CV                                               | CUSIP: 000000000<br>LEI: 5493007GRMPGDJG93Z17 | Long             | EC               | CORP              | MX        |      67865 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| iShares MSCI Taiwan ETF                                 | iShares MSCI Taiwan ETF                                                   | CUSIP: 46434G772<br>LEI: NOTS2OVXOI43240U2196 | Long             | EC               | RF                | US        |       4900 | NS      | $333494.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MINEJESA CAPITAL BV                                     | Minejesa Capital BV                                                       | CUSIP: 602736AB6<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    1350000 | PA      | $1334240.42   | 0.17%             | 2037-08-10      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| USIMINAS INTERNATIONAL                                  | Usiminas International Sarl                                               | CUSIP: 000000000<br>LEI: 529900KLYX6QPXVIVP43 | Long             | DBT              | CORP              | LU        |     800000 | PA      | $830901.53    | 0.11%             | 2032-01-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                         | Cemex SAB de CV                                                           | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     500000 | PA      | $506699.50    | 0.07%             | 2029-11-19      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                   | Costa Rica Government International Bond                                  | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     500000 | PA      | $476835.00    | 0.06%             | 2043-04-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE MENDOZA                                    | Provincia de Mendoza Argentina                                            | CUSIP: 000000000<br>LEI: 529900FD2SD2M48A6753 | Long             | DBT              | NUSS              | AR        |     269231 | PA      | $255769.23    | 0.03%             | 2029-03-19      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                       | Trinidad & Tobago Government International Bond                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |     750000 | PA      | $758115.00    | 0.10%             | 2031-01-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                    | Stillwater Mining Co                                                      | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1926307.66   | 0.25%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                   | Minerva Luxembourg SA                                                     | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    1650000 | PA      | $1803733.80   | 0.23%             | 2033-09-13      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| SOVCOMBANK (SOVCOM CAPT)                                | Sovcombank Via SovCom Capital DAC                                         | CUSIP: 84605LAD8<br>LEI: 635400EQFFCXMNLYU680 | Long             | DBT              | CORP              | IE        |    1800000 | PA      | $90000.00     | 0.01%             | N/A             | Fixed         | 7.60%                 | No            |                  3 | On Loan: No      |
| TELECOMMUNICATIONS CO TE                                | Telecommunications co Telekom Srbija AD Belgrade                          | CUSIP: 87945BAA8<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | CORP              | RS        |     300000 | PA      | $301973.25    | 0.04%             | 2029-10-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TERMOCANDELARIA POWER                                   | Termocandelaria Power SA                                                  | CUSIP: 88087AAA6<br>LEI: 549300YDORW43JL6G659 | Long             | DBT              | CORP              | ES        |     500000 | PA      | $519105.00    | 0.07%             | 2031-09-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                    | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     800000 | PA      | $833494.91    | 0.11%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                 | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     800000 | PA      | $789649.05    | 0.10%             | 2033-06-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                            | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $229678.80    | 0.03%             | 2031-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                | Turkcell Iletisim Hizmetleri AS                                           | CUSIP: 900111AD7<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    1000000 | PA      | $1064394.40   | 0.14%             | 2032-01-24      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123DH0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    1000000 | PA      | $1115559.23   | 0.14%             | 2029-03-14      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bond                                     | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1200000 | PA      | $1240200.00   | 0.16%             | 2045-01-27      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bond                                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1100000 | PA      | $997683.83    | 0.13%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bond                                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1200000 | PA      | $1175969.60   | 0.15%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| PERU LNG SRL                                            | Peru LNG Srl                                                              | CUSIP: 000000000<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |     675090 | PA      | $659597.90    | 0.09%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS                                          | Eskom Holdings SOC Ltd                                                    | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     900000 | PA      | $930688.10    | 0.12%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     500000 | PA      | $599289.53    | 0.08%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bond                                        | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    1500000 | PA      | $1675072.79   | 0.22%             | 2051-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                   | Jordan Government International Bonds                                     | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    2500000 | PA      | $2515116.38   | 0.32%             | 2030-07-07      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FIN DEPT GOVT SHARJAH                                   | Finance Department Government of Sharjah                                  | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |     800000 | PA      | $563414.59    | 0.07%             | 2051-03-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                       | Republic of Kenya Government International Bond                           | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    2000000 | PA      | $2139875.84   | 0.28%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL SA                                           | Pluspetrol SA                                                             | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |     300000 | PA      | $308742.31    | 0.04%             | 2032-05-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                   | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    4000000 | PA      | $3944858.88   | 0.51%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF UZBEKIS                                | National Bank of Uzbekistan                                               | CUSIP: 000000000<br>LEI: 253400TZJ7T1YULTGN68 | Long             | DBT              | NUSS              | UZ        |    2000000 | PA      | $2092876.50   | 0.27%             | 2030-07-17      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                 | Pakistan Government International Bonds                                   | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    2300000 | PA      | $2297723.94   | 0.30%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOI FINANCE BV                                          | BOI Finance BV                                                            | CUSIP: 000000000<br>LEI: 724500ZH3H2YACBUNF38 | Long             | DBT              | CORP              | NL        |    1500000 | PA      | $1839286.57   | 0.24%             | 2027-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                   | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    2190000 | PA      | $2133069.37   | 0.28%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    3300000 | PA      | $4181265.42   | 0.54%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ACCESS BANK PLC                                         | Access Bank PLC                                                           | CUSIP: 00434G2C3<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |     600000 | PA      | $602755.13    | 0.08%             | 2026-10-07      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                         | Antofagasta PLC                                                           | CUSIP: 03718NAC0<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    1000000 | PA      | $1071003.00   | 0.14%             | 2034-05-02      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                       | CUSIP: 03846JX62<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    2200000 | PA      | $2172486.27   | 0.28%             | 2050-05-29      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentine Republic Government International Bond                          | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   20332671 | PA      | $15727321.02  | 2.03%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                | AZULE ENERGY FINANCE PLC                                                  | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |     500000 | PA      | $506384.25    | 0.07%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                     | CUSIP: 05675M2C7<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    1000000 | PA      | $1047145.64   | 0.14%             | 2030-05-14      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                      | Bahrain Government International Bond                                     | CUSIP: 05675M2D5<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    3200000 | PA      | $3029037.66   | 0.39%             | 2032-09-16      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| BANCO BRADESCO (CAYMAN)                                 | Banco Bradesco SA/Cayman Islands                                          | CUSIP: 05947KBB5<br>LEI: 549300CTUU1RFXHQJE44 | Long             | DBT              | CORP              | KY        |    2200000 | PA      | $2310968.00   | 0.30%             | 2030-01-22      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BANCOLOMBIA SA                                          | Bancolombia SA                                                            | CUSIP: 05968LAN2<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |    1000000 | PA      | $1069289.06   | 0.14%             | 2034-12-24      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                     | Benin Government International Bond                                       | CUSIP: 08205QAC2<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     200000 | PA      | $212008.49    | 0.03%             | 2041-01-23      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                            | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     900000 | PA      | $367605.00    | 0.05%             | 2034-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| STATE OF MINAS GERAIS                                   | Brazil Minas SPE via State of Minas Gerais                                | CUSIP: 105860AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     234000 | PA      | $236120.53    | 0.03%             | 2028-02-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| CITY OF BUENOS AIRES                                    | Ciudad Autonoma De Buenos Aires/Government Bonds                          | CUSIP: 11943HAD1<br>LEI: 5299007MC8RF52X0ON96 | Long             | DBT              | NUSS              | AR        |     630000 | PA      | $645674.40    | 0.08%             | 2033-11-26      | Fixed         | 7.80%                 | Yes           |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                   | CUSIP: 195325BR5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    2400000 | PA      | $1942440.00   | 0.25%             | 2044-02-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                    | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    5200000 | PA      | $3824600.00   | 0.49%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                   | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     800000 | PA      | $691040.00    | 0.09%             | 2031-04-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                    | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1614000 | PA      | $1722783.60   | 0.22%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bond                                    | CUSIP: 195325EQ4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1500000 | PA      | $1584375.00   | 0.20%             | 2054-11-07      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                    | Colombia Government International Bond                                    | CUSIP: 195325ET8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1187000 | PA      | $1180174.75   | 0.15%             | 2029-01-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                | Corp Financiera de Desarrollo SA                                          | CUSIP: 21987DAG9<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |     750000 | PA      | $779812.50    | 0.10%             | 2029-04-30      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                                   | Costa Rica Government International Bond                                  | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    3350000 | PA      | $3722218.50   | 0.48%             | 2054-11-13      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| DP WORLD LTD UAE                                        | DP World Ltd/United Arab Emirates                                         | CUSIP: 23330JAC5<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    1200000 | PA      | $1026082.50   | 0.13%             | 2049-09-30      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                     | CUSIP: 25714PCF3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1500000 | PA      | $1647000.00   | 0.21%             | 2044-04-30      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                     | CUSIP: 25714PEE4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    2800000 | PA      | $2485000.00   | 0.32%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                     | CUSIP: 25714PFF0<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     500000 | PA      | $497865.00    | 0.06%             | 2035-10-28      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Standard Chartered Bank                                 | PURCHASED EGP / SOLD USD                                                  | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | EG        |          1 | NC      | $10695.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD CLP                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $-24754.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                  | PURCHASED USD / SOLD EUR                                                  | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |          1 | NC      | $-59379.89    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                      | PURCHASED CLP / SOLD USD                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | CL        |          1 | NC      | $16156.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-4291.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                     | PURCHASED USD / SOLD CLP                                                  | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-11324.80    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD COP                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $-484.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED COP / SOLD USD                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | CO        |          1 | NC      | $-8332.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-1743.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD EUR                                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $5591.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                  | PURCHASED CLP / SOLD USD                                                  | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | CL        |          1 | NC      | $-21188.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                              | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    2000000 | PA      | $1512632.86   | 0.20%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                              | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    2500000 | PA      | $2529175.00   | 0.33%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                              | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    2250000 | PA      | $2329305.75   | 0.30%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                 | CUSIP: 283875CD2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1500000 | PA      | $41250.00     | 0.01%             | 2030-04-17      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                 | CUSIP: 283875CE0<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1500000 | PA      | $1623750.00   | 0.21%             | 2030-04-17      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| ENERGUATE TRUST 2 0                                     | Energuate Trust 2 0                                                       | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |     500000 | PA      | $500070.97    | 0.06%             | 2035-09-15      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| FS LUXEMBOURG SARL                                      | FS Luxembourg Sarl                                                        | CUSIP: 30315XAE4<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |     500000 | PA      | $489899.54    | 0.06%             | 2036-02-11      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| FUTURE RETAIL LTD                                       | Future Retail Ltd                                                         | CUSIP: 36118EAA0<br>LEI: 335800XO19WYIUZC9H61 | Long             | DBT              | CORP              | IN        |     800000 | PA      | $2008.00      | 0.00%             | 2025-01-22      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| GOL FINANCE                                             | Gol Finance Inc                                                           | CUSIP: 36254VAN8<br>LEI: 549300FRXVB8W0960Y03 | Long             | DBT              | CORP              | KY        |    2300000 | PA      | $2383375.00   | 0.31%             | 2030-06-06      | Fixed         | 14.38%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                       | CUSIP: 374422AL7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      47200 | PA      | $46062.19     | 0.01%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                       | Ghana Government International Bond                                       | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    4053200 | PA      | $3695569.22   | 0.48%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GREENKO POWER II LTD                                    | Greenko Power II Ltd                                                      | CUSIP: 39530MAA6<br>LEI: 254900YYA4B6O2O4JM12 | Long             | DBT              | CORP              | MU        |     684000 | PA      | $655743.22    | 0.08%             | 2028-12-13      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                | Greensaif Pipelines Bidco Sarl                                            | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     500000 | PA      | $519354.72    | 0.07%             | 2036-02-23      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                | Hazine Mustesarligi Varlik Kiralama AS                                    | CUSIP: 421790AN6<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    1500000 | PA      | $1566041.28   | 0.20%             | 2030-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                     | Honduras Government International Bond                                    | CUSIP: 438180AK7<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |    3300000 | PA      | $3795429.00   | 0.49%             | 2034-11-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                         | IHS Holding Ltd                                                           | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    1100000 | PA      | $1149722.50   | 0.15%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IHS MAURITIUS NG HOLDCO                                 | IHS Netherlands Holdco BV                                                 | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |     824970 | PA      | $827143.80    | 0.11%             | 2027-09-18      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| INDUSTRIAL SUBORD TR 2.0                                | Industrial Subordinated Trust 2 0                                         | CUSIP: 456349AA7<br>LEI: 254900WSJBB5525DL518 | Long             | DBT              | CORP              | KY        |     400000 | PA      | $406200.00    | 0.05%             | 2036-04-15      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| iShares J.P. Morgan USD Emerging Markets Bond ETF       | iShares J.P. Morgan USD Emerging Markets Bond ETF                         | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             | EC               | RF                | US        |      35667 | NS      | $3444718.86   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINES LTD                                       | Ivanhoe Mines Ltd                                                         | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |     200000 | PA      | $208534.60    | 0.03%             | 2030-01-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                       | Kenya Government International Bond                                       | CUSIP: 491798AL8<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     600000 | PA      | $551686.65    | 0.07%             | 2034-01-23      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| LLPL CAPITAL PTE LTD                                    | LLPL Capital Pte Ltd                                                      | CUSIP: 50201PAA4<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |     175575 | PA      | $182498.62    | 0.02%             | 2039-02-04      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                 | Latam Airlines Group SA                                                   | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |     550000 | PA      | $578187.50    | 0.07%             | 2031-01-07      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| LIGHT SERV ELETRICIDADE                                 | Light Servicos de Eletricidade SA                                         | CUSIP: 53222MAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |     225161 | PA      | $163241.73    | 0.02%             | 2032-12-19      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                       | MC Brazil Downstream Trading SARL                                         | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    1676412 | PA      | $1491067.77   | 0.19%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MARCOBRE SAC                                            | Marcobre SAC                                                              | CUSIP: 56625AAA2<br>LEI: 254900BORIUZFCM1XB72 | Long             | DBT              | CORP              | PE        |     900000 | PA      | $896355.00    | 0.12%             | 2036-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MERSIN ULUSLARARASI LIMA                                | Mersin Uluslararasi Liman Isletmeciligi AS                                | CUSIP: 590454AC8<br>LEI: 635400DAFN6NT43HM530 | Long             | DBT              | CORP              | TR        |     500000 | PA      | $521740.02    | 0.07%             | 2028-11-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bond                                     | CUSIP: 65412JAU7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    2000000 | PA      | $2125767.52   | 0.27%             | 2029-03-24      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                    | CUSIP: 67091TAE5<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    3800000 | PA      | $3087251.10   | 0.40%             | 2051-06-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                    | Paraguay Government International Bond                                    | CUSIP: 699149AK6<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    1500000 | PA      | $1328745.00   | 0.17%             | 2033-01-29      | Fixed         | 2.74%                 | Yes           |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                | Petrobras Global Finance BV                                               | CUSIP: 71647NBM0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    2200000 | PA      | $2178990.00   | 0.28%             | 2030-09-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                | Petrobras Global Finance BV                                               | CUSIP: 71647NBN8<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    1000000 | PA      | $983750.00    | 0.13%             | 2036-01-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | PETROLEOS MEXICANOS                                                       | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    3550000 | PA      | $2929712.76   | 0.38%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    4625000 | PA      | $3769999.38   | 0.49%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                       | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1000000 | PA      | $1166400.00   | 0.15%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PRIO LUX HLD SARL                                       | PRIO Luxembourg Holding Sarl                                              | CUSIP: 74259PAA5<br>LEI: 2221003VQP4JY7T31H94 | Long             | DBT              | CORP              | LU        |     800000 | PA      | $797800.00    | 0.10%             | 2030-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PROVINCIA DE CORDOBA                                    | Provincia de Cordoba                                                      | CUSIP: 74408DAF1<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |     562000 | PA      | $587009.00    | 0.08%             | 2032-07-02      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| PROVINCE OF SANTA FE                                    | Province of Santa Fe                                                      | CUSIP: 74409AAE9<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |     750000 | PA      | $730162.50    | 0.09%             | 2034-12-11      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                    | CUSIP: 77586RAU4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     300000 | PA      | $312277.29    | 0.04%             | 2034-01-30      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                      | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    5431329 | PA      | $5456003.53   | 0.70%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                 | Sasol Financing USA LLC                                                   | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    1900000 | PA      | $1952915.00   | 0.25%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SCOTIABANK PERU SA                                      | Scotiabank Peru SAA                                                       | CUSIP: 80928HAB9<br>LEI: 5493001E54CPRG5J5Q41 | Long             | DBT              | CORP              | PE        |    1900000 | PA      | $1976760.00   | 0.26%             | 2035-10-01      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                      | Serbia International Bond                                                 | CUSIP: 817477AH5<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    1100000 | PA      | $1183796.14   | 0.15%             | 2033-09-26      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bond                    | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    1300000 | PA      | $1074230.70   | 0.14%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                | Republic of South Africa Government International Bond                    | CUSIP: 836205AZ7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     600000 | PA      | $538085.14    | 0.07%             | 2048-06-22      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                | Republic of South Africa Government International Bond                    | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    2100000 | PA      | $2037252.00   | 0.26%             | 2037-12-11      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| TOTAL PLAY TELECOM                                      | Total Play Telecomunicaciones SA de CV                                    | CUSIP: 89157PAA6<br>LEI: 4469000001BSAPAMOQ06 | Long             | DBT              | CORP              | MX        |     800000 | PA      | $788704.00    | 0.10%             | 2028-12-31      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                       | Trinidad & Tobago Government International Bond                           | CUSIP: 896292AN9<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |     500000 | PA      | $496250.00    | 0.06%             | 2036-01-28      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123AY6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    3500000 | PA      | $3540195.26   | 0.46%             | 2036-03-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123BJ8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2000000 | PA      | $1768665.04   | 0.23%             | 2041-01-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                     | TURKEY GOVERNMENT INTERNATIONAL BOND                                      | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    5000000 | PA      | $3765959.55   | 0.49%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                     | Turkiye Government International Bond                                     | CUSIP: 900123DC1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    7200000 | PA      | $7137728.50   | 0.92%             | 2031-06-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123DD9<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    1500000 | PA      | $1500565.17   | 0.19%             | 2033-09-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkey Government International Bond                                      | CUSIP: 900123DG2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    5500000 | PA      | $6382859.51   | 0.82%             | 2033-01-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                     | Republic of Turkiye                                                       | CUSIP: 900123DN7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    2500000 | PA      | $2477175.70   | 0.32%             | 2035-01-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                     | Turkiye Government International Bond                                     | CUSIP: 900123DR8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    4500000 | PA      | $4557192.12   | 0.59%             | 2035-09-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                     | Turkiye Government International Bond                                     | CUSIP: 900123DS6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    5000000 | PA      | $4979295.00   | 0.64%             | 2036-11-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                     | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1028864 | PA      | $625789.77    | 0.08%             | 2036-02-01      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                     | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1978771 | PA      | $965906.71    | 0.12%             | 2034-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                     | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1472198 | PA      | $832162.69    | 0.11%             | 2035-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                     | CUSIP: 903724CH3<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    2016700 | PA      | $1607304.19   | 0.21%             | 2032-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                   | Vale Overseas Ltd                                                         | CUSIP: 91911TAQ6<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |     500000 | PA      | $483294.45    | 0.06%             | 2030-07-08      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                   | Vale Overseas Ltd                                                         | CUSIP: 91911TAR4<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |     700000 | PA      | $750154.45    | 0.10%             | 2033-06-12      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                | Vista Energy Argentina SAU                                                | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     870000 | PA      | $906975.00    | 0.12%             | 2033-06-10      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                                | Volcan Cia Minera SAA                                                     | CUSIP: 92863UAD8<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     730000 | PA      | $756754.50    | 0.10%             | 2032-10-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                    | CUSIP: 984245AY6<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    1550000 | PA      | $1604192.65   | 0.21%             | 2031-09-11      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTI                                | Yinson Bergenia Production BV                                             | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |     450000 | PA      | $489642.10    | 0.06%             | 2045-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                 | Bonos Para La Reconstruccion De Una Argentina Libre                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    4360000 | PA      | $4184946.00   | 0.54%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                 | Bonos Para La Reconstruccion De Una Argentina Libre                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |     640000 | PA      | $630464.00    | 0.08%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                   | Argentina Bonar Bonds                                                     | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   13102770 | PA      | $7713600.42   | 1.00%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                     | Egypt Treasury Bills                                                      | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |  470800000 | PA      | $9576133.30   | 1.24%             | 2026-04-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atento Luxco 1 SA                                       | Atento Luxco 1 SA                                                         | CUSIP: 000000000<br>LEI: 549300MLFF3HYCZQTC48 | Long             | EC               | CORP              | LU        |     191350 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA                                 | EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA           | CUSIP: 000000000<br>LEI: 2549002TO75PYMY3VY07 | Long             | DBT              | CORP              | ES        |     300000 | PA      | $280102.42    | 0.04%             | 2030-12-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                 | Borr IHC Ltd / Borr Finance LLC                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     981707 | PA      | $1009054.61   | 0.13%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| KINGSTON AIRPORT REV FIN                                | Kingston Airport Revenue Finance Ltd                                      | CUSIP: 000000000<br>LEI: 254900SK2YRR95AVHU30 | Long             | DBT              | CORP              | KY        |     700000 | PA      | $714413.00    | 0.09%             | 2036-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SR SF                                | Liberty Costa Rica Senior Secured Finance                                 | CUSIP: 000000000<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |     271000 | PA      | $285449.72    | 0.04%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| MARB BONDCO PLC                                         | MARB BondCo PLC                                                           | CUSIP: 000000000<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |    2000000 | PA      | $1811912.20   | 0.23%             | 2031-01-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                          | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     350000 | PA      | $388178.87    | 0.05%             | 2031-12-03      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                        | CSN Resources SA                                                          | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |     900000 | PA      | $731839.50    | 0.09%             | 2032-04-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                                  | Millicom International Cellular SA                                        | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    1000000 | PA      | $931761.80    | 0.12%             | 2031-04-27      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                         | MV24 Capital BV                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     694030 | PA      | $703302.24    | 0.09%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                 | El Salvador Government International Bond                                 | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    1000000 | PA      | $917500.00    | 0.12%             | 2050-01-20      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BRF SA                                                  | BRF SA                                                                    | CUSIP: 000000000<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |    1500000 | PA      | $1456479.75   | 0.19%             | 2030-01-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                         | Cemex SAB de CV                                                           | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    2000000 | PA      | $1997996.00   | 0.26%             | 2026-06-08      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| COMISION EJ HI RIO LEMPA                                | Comision Ejecutiva Hidroelectrica del Rio Lempa                           | CUSIP: 000000000<br>LEI: 254900YU43PQQ27Q0E71 | Long             | DBT              | CORP              | SV        |     500000 | PA      | $534875.00    | 0.07%             | 2033-01-24      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| ESC GCBREGS CREDITO RE                                  | ESC GCBREGS CREDITO RE                                                    | CUSIP: 000000000<br>LEI: 549300W2IL7TPPCTKL39 | Long             | DBT              | CORP              | MX        |    3110000 | PA      | $8086.00      | 0.00%             | 2099-12-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    2500000 | PA      | $2605025.00   | 0.34%             | 2031-02-19      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Bolivia Government International Bonds                  | Bolivian Government International Bond                                    | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |     300000 | PA      | $283029.00    | 0.04%             | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB                                    | Grupo Aeromexico SAB de CV                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    1400000 | PA      | $1449000.00   | 0.19%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                   | Guatemala Government Bond                                                 | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    1000000 | PA      | $1002450.00   | 0.13%             | 2028-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                     | Honduras Government International Bond                                    | CUSIP: 000000000<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |    1200000 | PA      | $1206420.00   | 0.16%             | 2030-06-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| INSTITUTO COSTARRICENSE                                 | Instituto Costarricense de Electricidad                                   | CUSIP: 000000000<br>LEI: 5493009VA6AFUB2Q0289 | Long             | DBT              | CORP              | CR        |     850000 | PA      | $846472.50    | 0.11%             | 2043-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                    | Paraguay Government International Bond                                    | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    3500000 | PA      | $3282125.00   | 0.42%             | 2033-06-28      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                      | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     150000 | PA      | $150681.45    | 0.02%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TELFON CELUAR DEL PARAGU                                | Telefonica Celular del Paraguay SA                                        | CUSIP: 000000000<br>LEI: 254900R8A8IKGF4THL54 | Long             | DBT              | CORP              | PY        |     506000 | PA      | $506247.94    | 0.07%             | 2027-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                       | Trinidad & Tobago Government International Bond                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |     750000 | PA      | $751920.00    | 0.10%             | 2034-06-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                    | Stillwater Mining Co                                                      | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    1000000 | PA      | $995787.32    | 0.13%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                     | Bangkok Bank PCL/Hong Kong                                                | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    1750000 | PA      | $1671236.60   | 0.22%             | 2034-09-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                             | Ivory Coast Government International Bond                                 | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    1250835 | PA      | $1248455.39   | 0.16%             | 2032-12-31      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                       | Lebanon Government International Bond                                     | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    1000000 | PA      | $292150.00    | 0.04%             | 2023-01-27      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     500000 | PA      | $533462.42    | 0.07%             | 2035-10-29      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bond                                 | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    7700000 | PA      | $7600372.09   | 0.98%             | 2033-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                     | Nigeria Government International Bonds                                    | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1750000 | PA      | $1638385.00   | 0.21%             | 2047-11-28      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bond                                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    1600000 | PA      | $1624529.98   | 0.21%             | 2028-02-21      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Kenya Government International Bond                                       | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     800000 | PA      | $767765.02    | 0.10%             | 2048-02-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS                                          | Eskom Holdings SOC Ltd                                                    | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    4700000 | PA      | $5042091.29   | 0.65%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    1650000 | PA      | $1792660.14   | 0.23%             | 2031-01-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     500000 | PA      | $599289.53    | 0.08%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                    | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    1000000 | PA      | $1047473.65   | 0.14%             | 2030-05-14      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    2500000 | PA      | $2328966.55   | 0.30%             | 2033-01-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARL                                        | Hazine Mustesarligi Varlik Kiralama AS                                    | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    2600000 | PA      | $2608121.36   | 0.34%             | 2026-06-22      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                    | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    1500000 | PA      | $1398747.75   | 0.18%             | 2031-06-23      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| QatarEnergy                                             | QatarEnergy                                                               | CUSIP: 000000000<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |    2000000 | PA      | $1534075.50   | 0.20%             | 2041-07-12      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                                  | Industrial & Commercial Bank of China Ltd                                 | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |    2500000 | PA      | $2484932.10   | 0.32%             | 2026-09-24      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    2250000 | PA      | $2267653.88   | 0.29%             | 2028-09-28      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE                                | Provincia de Buenos Aires/Government Bonds                                | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    5831840 | PA      | $4709210.80   | 0.61%             | 2037-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                         | IHS Holding Ltd                                                           | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    1600000 | PA      | $1594963.87   | 0.21%             | 2026-11-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romanian Government International Bond                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     500000 | PA      | $458434.87    | 0.06%             | 2032-03-27      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MASHREQBANK PSC                                         | Mashreqbank PSC                                                           | CUSIP: 000000000<br>LEI: 5493000SA3K24EQKA103 | Long             | DBT              | CORP              | AE        |    1000000 | PA      | $1052690.50   | 0.14%             | 2033-02-24      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OTP BANK NYRT                                           | OTP Bank Nyrt                                                             | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    1500000 | PA      | $1600876.95   | 0.21%             | 2033-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TURKIYE VARLIK FONU                                     | Turkiye Varlik Fonu Yonetimi AS                                           | CUSIP: 000000000<br>LEI: 789000MAPAG7J8DI3112 | Long             | DBT              | CORP              | TR        |    3600000 | PA      | $3860655.23   | 0.50%             | 2029-02-14      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                                | Turk Telekomunikasyon AS                                                  | CUSIP: 000000000<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    2200000 | PA      | $2293387.78   | 0.30%             | 2029-05-20      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                      | Zambia Government International Bond                                      | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    1484857 | PA      | $1452513.92   | 0.19%             | 2033-06-30      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Ghana Government International Bonds                    | Ghana Government International Bonds                                      | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    2187500 | PA      | $2143590.16   | 0.28%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                    | Ghana Government International Bonds                                      | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    1500000 | PA      | $1367896.34   | 0.18%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                      | Ukraine Government International Bond                                     | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1900000 | PA      | $1196643.50   | 0.15%             | 2034-02-01      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                   | Sri Lanka Government International Bond                                   | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    4000000 | PA      | $3668000.00   | 0.47%             | 2033-03-15      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                  | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    2200000 | PA      | $2173035.41   | 0.28%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                  | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    3000000 | PA      | $2459999.64   | 0.32%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                       | Republic of Kenya Government International Bond                           | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    2000000 | PA      | $2024853.18   | 0.26%             | 2038-10-09      | Fixed         | 8.80%                 | Yes           |                  2 | On Loan: No      |
| IPOTEKA-BANK ATIB                                       | Ipoteka-Bank ATIB                                                         | CUSIP: 000000000<br>LEI: 213800UWVX5JSNXJS434 | Long             | DBT              | CORP              | UZ        |    2000000 | PA      | $2041037.66   | 0.26%             | 2030-10-09      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HLDGS                                    | Country Garden Holdings Co Ltd                                            | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |     824763 | PA      | $88662.02     | 0.01%             | 2031-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-23

**Name of Applicant:** Federated Hermes Core Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Core Trust

**Title:** Chief Compliance Officer