# EDGAR Filing Document

**Accession Number:** 0001034106
**File Stem:** 0001145549-23-017536
**Filing Date:** 2023-3
**Character Count:** 369221
**Document Hash:** e061fd857cddcc6d08d4de218ee10206
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017536.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001145549-23-017536

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERATED HERMES CORE TRUST
- **CENTRAL INDEX KEY:** 0001034106
- **IRS NUMBER:** 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:** 23755213

**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, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount,** <br> **Shares** <br>**or Contracts**<br>|  | **Value in** <br>**U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—58.8% |  |
|  | **Agency—0.1%** |  |
| $1500000 | Banco Nacional de Comercio Exterior, Sub., REGS, 2.720%, 8/11/2031 | $1277364 |
|  | **Airport—0.2%** |  |
| &nbsp;&nbsp; 800000 | Aeropuerto Internacional de Tocumen SA, Sec. Fac. Bond, 144A, 5.125%, 8/11/2061 | &nbsp;&nbsp; 653156 |
| &nbsp;&nbsp; 334033 | Aeropuertos Argentina 2000 S.A., 144A, 6.875%, 2/1/2027 | &nbsp;&nbsp; 308981 |
| &nbsp;&nbsp; 939000 | Aeropuertos Argentina 2000 S.A., REGS, 8.500%, 8/1/2031 | &nbsp;&nbsp; 841952 |
| &nbsp;&nbsp; 403000 | Mexico City Airport Trust, Sec. Fac. Bond, 144A, 5.500%, 10/31/2046 | &nbsp;&nbsp; 327873 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2131962 |
|  | **Banking—1.7%** |  |
| &nbsp;&nbsp; 4750000 | Banco De Bogota S.A., Sub., REGS, 6.250%, 5/12/2026 | &nbsp;&nbsp; 4720692 |
| &nbsp;&nbsp; 600000 | Banco Do Brasil S.A., Jr. Sub. Note, 144A, 9.000%, 12/18/2070 | &nbsp;&nbsp; 600156 |
| &nbsp;&nbsp; 1500000<br><sup>1</sup> <br>| Banco Do Brasil S.A., Jr. Sub. Note, REGS, 6.250%, 4/15/2024 | &nbsp;&nbsp; 1362847 |
| &nbsp;&nbsp; 1500000 | Banco Do Brasil S.A., Jr. Sub. Note, REGS, 9.250%, 10/15/2068 | &nbsp;&nbsp; 1505600 |
| &nbsp;&nbsp; 500000 | Banco Reservas Rep Domin, Sub. Note, 144A, 7.000%, 2/1/2023 | &nbsp;&nbsp; 500000 |
| &nbsp;&nbsp; 520000 | Banco Reservas Rep Domin, Sub. Note, REGS, 7.000%, 2/1/2023 | &nbsp;&nbsp; 520000 |
| &nbsp;&nbsp; 2300000 | Corp Financi De Desarrol, Sr. Unsecd. Note, 144A, 2.400%, 9/28/2027 | &nbsp;&nbsp; 1983750 |
| &nbsp;&nbsp; 500000 | Corp Financiera de Desarrollo SA, Sr. Unsecd. Note, REGS, 4.750%, 7/15/2025 | &nbsp;&nbsp; 485023 |
| &nbsp;&nbsp; 500000 | Development Bank of Mongolia, Sr. Unsecd. Note, 144A, 7.250%, 10/23/2023 | &nbsp;&nbsp; 482315 |
| &nbsp;&nbsp; 500000<br><sup>2,3</sup> <br>| Development Bank of the Republic of Belarus JSC, Sr. Unsecd. Note, REGS, 6.750%, 5/2/2024 | &nbsp;&nbsp; 185000 |
| &nbsp;&nbsp; 500000 | Industrial & Commercial Bank of China, Sr. Unsecd. Note, 3.538%, 11/8/2027 | &nbsp;&nbsp; 484350 |
| &nbsp;&nbsp; 2000000 | Turkiye Vakiflar Bankasi T.A.O., Sr. Unsecd. Note, 144A, 8.125%, 3/28/2024 | &nbsp;&nbsp; 2011928 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 14841661 |
|  | **Chemicals & Plastics—0.9%** |  |
| &nbsp;&nbsp; 600000 | GC Treasury Center Co., Ltd., Sr. Unsecd. Note, REGS, 4.300%, 3/18/2051 | &nbsp;&nbsp; 452033 |
| &nbsp;&nbsp; 300000 | GC Treasury Center Co., Ltd., Sr. Unsecd. Note, REGS, 5.200%, 3/30/2052 | &nbsp;&nbsp; 260325 |
| &nbsp;&nbsp; 3800000 | Groupe Office Cherifien des Phosphates SA, Sr. Unsecd. Note, 144A, 5.125%, 6/23/2051 | &nbsp;&nbsp; 2997592 |
| &nbsp;&nbsp; 4500000 | Office Cherifien, Sr. Unsecd. Note, REGS, 3.750%, 6/23/2031 | &nbsp;&nbsp; 3815212 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7525162 |
|  | **Corporate—0.1%** |  |
| &nbsp;&nbsp; 1000000 | 1MDB Global Investments Ltd., Sr. Unsecd. Note, REGS, 4.400%, 3/9/2023 | &nbsp;&nbsp; 981779 |
|  | **Finance—0.9%** |  |
| &nbsp;&nbsp; 2500000 | China Overseas Finance Cayman VII Ltd., Sr. Unsecd. Note, 4.750%, 4/26/2028 | &nbsp;&nbsp; 2432913 |
| &nbsp;&nbsp; 700000 | Fondo Mivivienda SA, Sr. Unsecd. Note, 144A, 4.625%, 4/12/2027 | &nbsp;&nbsp; 679621 |
| &nbsp;&nbsp; 2000000<br><sup>1</sup> <br>| MAF Global Securities, Jr. Sub. Deb., 6.375%, 3/20/2026 | &nbsp;&nbsp; 1980000 |
| &nbsp;&nbsp; 2200000 | QNB Finansbank AS/Turkey, Sr. Unsecd. Note, REGS, 6.875%, 9/7/2024 | &nbsp;&nbsp; 2237253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7329787 |
|  | **Financial Intermediaries—0.1%** |  |
| &nbsp;&nbsp; 600000 | Huarong Finance 2017 Co. Ltd., Sr. Unsecd. Note, Series EMTN, 4.250%, 11/7/2027 | &nbsp;&nbsp; 527894 |
|  | **Insurance—0.1%** |  |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| KDB Life Insurance Co. Ltd., Sub., 7.500%, 5/21/2023 | &nbsp;&nbsp; 940000 |
|  | **Oil & Gas—10.5%** |  |
| &nbsp;&nbsp; 7300000 | Ecopetrol SA, Sr. Unsecd. Note, 5.375%, 6/26/2026 | &nbsp;&nbsp; 7063224 |
| &nbsp;&nbsp; 6600000 | Ecopetrol SA, Sr. Unsecd. Note, 5.875%, 11/2/2051 | &nbsp;&nbsp; 4560818 |
| &nbsp;&nbsp; 5000000 | Ecopetrol SA, Sr. Unsecd. Note, 6.875%, 4/29/2030 | &nbsp;&nbsp; 4692925 |
| &nbsp;&nbsp; 700000 | Ecopetrol SA, Sr. Unsecd. Note, 8.875%, 1/13/2033 | &nbsp;&nbsp; 719016 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Oil & Gas—continued** |  |
| $837000 | Oil & Gas Holdings, Sr. Unsecd. Note, REGS, 7.625%, 11/7/2024 | $858695 |
| &nbsp;&nbsp; 2000000 | Oleoducto Central SA, Sr. Unsecd. Note, REGS, 4.000%, 7/14/2027 | &nbsp;&nbsp; 1779656 |
| &nbsp;&nbsp; 2500000 | Pemex Project Funding Master Trust, Company Guarantee, 6.625%, 6/15/2035 | &nbsp;&nbsp; 1965762 |
| &nbsp;&nbsp; 550000 | Pemex Project Funding Master Trust, Sr. Unsecd. Note, 8.625%, 12/1/2023 | &nbsp;&nbsp; 559963 |
| &nbsp;&nbsp; 3800000 | Petroleos del Peru SA, Sr. Unsecd. Note, REGS, 5.625%, 6/19/2047 | &nbsp;&nbsp; 2539616 |
| &nbsp;&nbsp; 7300000 | Petroleos Mexicanos, Sr. Note, 6.840%, 1/23/2030 | &nbsp;&nbsp; 6361198 |
| &nbsp;&nbsp; 713000 | Petroleos Mexicanos, Sr. Unsecd. Note, 144A, 10.000%, 02/07/2033 | &nbsp;&nbsp; 696601 |
| &nbsp;&nbsp; 6000000 | Petroleos Mexicanos, Sr. Unsecd. Note, 5.950%, 1/28/2031 | &nbsp;&nbsp; 4811061 |
| &nbsp;&nbsp; 3000000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.500%, 3/13/2027 | &nbsp;&nbsp; 2835967 |
| &nbsp;&nbsp; 16500000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.700%, 2/16/2032 | &nbsp;&nbsp; 13718685 |
| &nbsp;&nbsp; 6800000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.750%, 9/21/2047 | &nbsp;&nbsp; 4726988 |
| &nbsp;&nbsp; 3000000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.875%, 10/16/2025 | &nbsp;&nbsp; 3008325 |
| &nbsp;&nbsp; 3000000 | Petroleos Mexicanos, Sr. Unsecd. Note, 6.950%, 1/28/2060 | &nbsp;&nbsp; 2073689 |
| &nbsp;&nbsp; 1000000 | Petroleos Mexicanos, Sr. Unsecd. Note, 7.690%, 1/23/2050 | &nbsp;&nbsp; 748006 |
| &nbsp;&nbsp; 9000000 | Petroleos Mexicanos, Sr. Unsecd. Note, Series WI, 5.350%, 2/12/2028 | &nbsp;&nbsp; 7858473 |
| &nbsp;&nbsp; 8860000 | Petroleos Mexicanos, Sr. Unsecd. Note, Series WI, 6.500%, 1/23/2029 | &nbsp;&nbsp; 8026290 |
| &nbsp;&nbsp; 200000 | Petronas Capital Ltd., Sr. Unsecd. Note, 144A, 4.550%, 4/21/2050 | &nbsp;&nbsp; 188511 |
| &nbsp;&nbsp; 400000 | Sinopec Group Overseas Development 2015 Ltd., Sr. Unsecd. Note, 144A, 3.250%, 4/28/2025 | &nbsp;&nbsp; 386712 |
| &nbsp;&nbsp; 1100000 | Sinopec Group Overseas Development 2017 Ltd., Sr. Unsecd. Note, 144A, 3.625%, 4/12/2027 | &nbsp;&nbsp; 1069998 |
| &nbsp;&nbsp; 1600000 | Thaioil Treasury Center Co. Ltd., Sr. Unsecd. Note, REGS, 2.500%, 6/18/2030 | &nbsp;&nbsp; 1307835 |
| &nbsp;&nbsp; 227000 | YPF Energia Electrica Sa, Sr. Unsecd. Note, 144A, 10.000%, 7/25/2026 | &nbsp;&nbsp; 212333 |
| &nbsp;&nbsp; 750000 | YPF Sociedad Anonima, Sr. Unsecd. Note, 144A, 9.000%, 6/30/2029 | &nbsp;&nbsp; 647711 |
| &nbsp;&nbsp; 5800000 | YPF Sociedad Anonima, Sr. Unsecd. Note, REGS, 7.000%, 12/15/2047 | &nbsp;&nbsp; 4093611 |
| &nbsp;&nbsp; 600000 | YPF Sociedad Anonima, Sr. Unsecd. Note, REGS, 8.500%, 7/28/2025 | &nbsp;&nbsp; 551643 |
| &nbsp;&nbsp; 2800000 | YPF Sociedad Anonima, Sr. Unsecd. Note, REGS, 9.000%, 6/30/2029 | &nbsp;&nbsp; 2418122 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 90481434 |
|  | **Property Development—0.1%** |  |
| &nbsp;&nbsp; 800000 | MDGH GMTN RSC Ltd., Sr. Unsecd. Note, 144A, 5.500%, 4/28/2033 | &nbsp;&nbsp; 855882 |
|  | **Real Estate—0.1%** |  |
| &nbsp;&nbsp; 800000 | China Great Wall International Holdings III Ltd., Sr. Unsecd. Note, Series EMTN, 3.875%, 8/31/2027 | &nbsp;&nbsp; 720000 |
|  | **Sovereign—39.5%** |  |
| &nbsp;&nbsp; 3500000 | Angola, Government of, Sr. Unsecd. Note, 144A, 8.000%, 11/26/2029 | &nbsp;&nbsp; 3244360 |
| &nbsp;&nbsp; 1800000 | Angola, Government of, Sr. Unsecd. Note, 144A, 8.750%, 4/14/2032 | &nbsp;&nbsp; 1662606 |
| &nbsp;&nbsp; 1700000 | Angola, Government of, Sr. Unsecd. Note, REGS, 8.000%, 11/26/2029 | &nbsp;&nbsp; 1575832 |
| &nbsp;&nbsp; 4000000 | Angola, Government of, Sr. Unsecd. Note, REGS, 8.250%, 5/9/2028 | &nbsp;&nbsp; 3782000 |
| &nbsp;&nbsp; 2000000 | Angola, Government of, Sr. Unsecd. Note, REGS, 9.125%, 11/26/2049 | &nbsp;&nbsp; 1748700 |
| &nbsp;&nbsp; 2000000 | Angola, Government of, Sr. Unsecd. Note, REGS, 9.375%, 5/8/2048 | &nbsp;&nbsp; 1780120 |
| &nbsp;&nbsp; 19185876<br><sup>2,3</sup> <br>| Argentina, Government of, Sr. Unsecd. Note, 0.500%, 7/9/2030 | &nbsp;&nbsp; 6840353 |
| &nbsp;&nbsp; 8900000<br><sup>2,3</sup> <br>| Argentina, Government of, Sr. Unsecd. Note, 1.000%, 7/9/2029 | &nbsp;&nbsp; 3032018 |
| &nbsp;&nbsp; 6450000<br><sup>2,3</sup> <br>| Argentina, Government of, Sr. Unsecd. Note, 1.125%, 7/9/2046 | &nbsp;&nbsp; 1993851 |
| &nbsp;&nbsp; 26892671<br><sup>2,3</sup> <br>| Argentina, Government of, Sr. Unsecd. Note, 1.500%, 7/9/2035 | &nbsp;&nbsp; 8264560 |
| &nbsp;&nbsp; 12900000<br><sup>2,3</sup> <br>| Argentina, Government of, Sr. Unsecd. Note, 2.000%, 1/9/2038 | &nbsp;&nbsp; 4738681 |
| &nbsp;&nbsp; 16400000<br><sup>2,3</sup> <br>| Argentina, Government of, Sr. Unsecd. Note, 3.500%, 7/9/2041 | &nbsp;&nbsp; 5579753 |
| &nbsp;&nbsp; 11200000<br><sup>2,3</sup> <br>| Argentina, Government of, Sr. Unsecd. Note, 3.500%, 7/9/2041 | &nbsp;&nbsp; 3332000 |
| &nbsp;&nbsp; 15398291<br><sup>2,3</sup> <br>| Argentina, Government of, Unsecd. Note, 0.500%, 7/9/2030 | &nbsp;&nbsp; 4715080 |
| &nbsp;&nbsp; 7000000<br><sup>2,3</sup> <br>| Argentina, Government of, Unsecd. Note, 2.000%, 1/9/2038 | &nbsp;&nbsp; 2283680 |
| &nbsp;&nbsp; 2000000<br><sup>2,3</sup> <br>| Argentina, Government of, Unsecd. Note, 1.000%, 7/9/2029 | &nbsp;&nbsp; 620000 |
| &nbsp;&nbsp; 1000000<br><sup>2,3</sup> <br>| Argentina, Government of, Unsecd. Note, 1.500%, 7/9/2035 | &nbsp;&nbsp; 296625 |
| &nbsp;&nbsp; 600000 | Bahamas, Government of, Sr. Unsecd. Note, 144A, 5.750%, 1/16/2024 | &nbsp;&nbsp; 579247 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| &nbsp;&nbsp;&nbsp; $800000 | Bahamas, Government of, Sr. Unsecd. Note, 144A, 8.950%, 10/15/2032 | $686721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 500000 | Bahamas, Government of, Sr. Unsecd. Note, REGS, 5.750%, 1/16/2024 | &nbsp;&nbsp; 482705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1457000 | Bahamas, Government of, Sr. Unsecd. Note, REGS, 6.000%, 11/21/2028 | &nbsp;&nbsp; 1183352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1420000 | Bahamas, Government of, Sr. Unsecd. Note, REGS, 6.950%, 11/20/2029 | &nbsp;&nbsp; 1143273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | Bahamas, Government of, Sr. Unsecd. Note, REGS, 8.950%, 10/15/2032 | &nbsp;&nbsp; 1459282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 500000 | Bahrain, Government of, Sr. Unsecd. Note, 144A, 7.000%, 10/12/2028 | &nbsp;&nbsp; 515809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5300000 | Bahrain, Government of, Sr. Unsecd. Note, REGS, 6.750%, 9/20/2029 | &nbsp;&nbsp; 5345728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | Bahrain, Government of, Sr. Unsecd. Note, REGS, 7.000%, 1/26/2026 | &nbsp;&nbsp; 1868238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Bahrain, Government of, Sr. Unsecd. Note, REGS, 7.000%, 10/12/2028 | &nbsp;&nbsp; 1547427 |
| EUR 1,300,000 | Benin, Government of, Sr. Unsecd. Note, 144A, 4.950%, 1/22/2035 | &nbsp;&nbsp; 1030321 |
| &nbsp;&nbsp;&nbsp; $1000000 | Bolivia, Government of, Sr. Unsecd. Note, 144A, 4.500%, 3/20/2028 | &nbsp;&nbsp; 755069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Brazil, Government of, Sr. Secd. Note, 5.625%, 2/21/2047 | &nbsp;&nbsp; 4148220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Brazil, Government of, Sr. Unsecd. Note, 3.875%, 6/12/2030 | &nbsp;&nbsp; 4422555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 400000 | Central American Bank, Sr. Unsecd. Note, 144A, 5.000%, 2/9/2026 | &nbsp;&nbsp; 399920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Chile, Government of, Sr. Unsecd. Note, 3.100%, 1/22/2061 | &nbsp;&nbsp; 658170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | Colombia, Government of, 7.375%, 9/18/2037 | &nbsp;&nbsp; 4358638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 800000 | Colombia, Government of, Bond, 10.375%, 1/28/2033 | &nbsp;&nbsp; 905480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8500000 | Colombia, Government of, Sr. Unsecd. Note, 3.250%, 4/22/2032 | &nbsp;&nbsp; 6253394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Colombia, Government of, Sr. Unsecd. Note, 3.875%, 2/15/2061 | &nbsp;&nbsp; 2301038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Colombia, Government of, Sr. Unsecd. Note, 3.875%, 4/25/2027 | &nbsp;&nbsp; 3618331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Colombia, Government of, Sr. Unsecd. Note, 4.500%, 3/15/2029 | &nbsp;&nbsp; 1763587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 513000 | Colombia, Government of, Sr. Unsecd. Note, 7.500%, 2/2/2034 | &nbsp;&nbsp; 506950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1850000 | Colombia, Government of, Sr. Unsecd. Note, 8.000%, 4/20/2033 | &nbsp;&nbsp; 1894571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 4.500%, 1/30/2030 | &nbsp;&nbsp; 867363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2650000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 4.875%, 9/23/2032 | &nbsp;&nbsp; 2255912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 700000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 5.300%, 1/21/2041 | &nbsp;&nbsp; 560238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4400000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 5.950%, 1/25/2027 | &nbsp;&nbsp; 4382485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 6.000%, 2/22/2033 | &nbsp;&nbsp; 2121271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 150000 | Dominican Republic, Government of, Sr. Unsecd. Note, 144A, 7.050%, 2/3/2031 | &nbsp;&nbsp; 150000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 4.500%, 1/30/2030 | &nbsp;&nbsp; 4336813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 4.875%, 9/23/2032 | &nbsp;&nbsp; 3830793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6450000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 5.875%, 1/30/2060 | &nbsp;&nbsp; 4954388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2300000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 5.950%, 1/25/2027 | &nbsp;&nbsp; 2290845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 6.000%, 7/19/2028 | &nbsp;&nbsp; 3430986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6250000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 6.500%, 2/15/2048 | &nbsp;&nbsp; 5390078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 6.850%, 1/27/2045 | &nbsp;&nbsp; 1092984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 500000 | Dominican Republic, Government of, Sr. Unsecd. Note, REGS, 7.450%, 4/30/2044 | &nbsp;&nbsp; 486705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4462500 | Ecuador, Government of, Sr. Unsecd. Note, 144A, 1.500%, 7/31/2040 | &nbsp;&nbsp; 1871875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2539550 | Ecuador, Government of, Sr. Unsecd. Note, 144A, 2.500%, 7/31/2035 | &nbsp;&nbsp; 1231256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3850000<br><sup>4</sup> <br>| Ecuador, Government of, Sr. Unsecd. Note, REGS, 0.000%, 7/31/2030 | &nbsp;&nbsp; 1635442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8825000 | Ecuador, Government of, Sr. Unsecd. Note, REGS, 1.000%, 7/31/2035 | &nbsp;&nbsp; 4278646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | Ecuador, Government of, Sr. Unsecd. Note, REGS, 1.500%, 7/31/2040 | &nbsp;&nbsp; 1468137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Ecuador, Government of, Sr. Unsecd. Note, REGS, 5.000%, 7/31/2030 | &nbsp;&nbsp; 1327445 |
| &nbsp;&nbsp; EUR 500,000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 6.375%, 4/11/2031 | &nbsp;&nbsp; 381016 |
| &nbsp;&nbsp;&nbsp; $800000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.052%, 1/15/2032 | &nbsp;&nbsp; 599680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.300%, 9/30/2033 | &nbsp;&nbsp; 730630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.600%, 3/1/2029 | &nbsp;&nbsp; 1485130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 7.625%, 5/29/2032 | &nbsp;&nbsp; 1217254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | Egypt, Government of, Sr. Unsecd. Note, 144A, 8.875%, 5/29/2050 | &nbsp;&nbsp; 1212093 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| $1000000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 5.875%, 6/11/2025 | $919760 |
| EUR 800,000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 6.375%, 4/11/2031 | &nbsp;&nbsp; 609625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 6.588%, 2/21/2028 | &nbsp;&nbsp; 1485072 |
| $2500000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 7.625%, 5/29/2032 | &nbsp;&nbsp; 1901960 |
| &nbsp;&nbsp; 3000000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 7.903%, 2/21/2048 | &nbsp;&nbsp; 1991280 |
| &nbsp;&nbsp; 3000000 | Egypt, Government of, Sr. Unsecd. Note, REGS, 8.700%, 3/1/2049 | &nbsp;&nbsp; 2117682 |
| &nbsp;&nbsp; 2500000 | El Salvador, Government of, Sr. Unsecd. Note, 144A, 7.124%, 1/20/2050 | &nbsp;&nbsp; 1157044 |
| &nbsp;&nbsp; 3640000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 6.375%, 1/18/2027 | &nbsp;&nbsp; 1994202 |
| &nbsp;&nbsp; 2231000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 7.650%, 6/15/2035 | &nbsp;&nbsp; 1074111 |
| &nbsp;&nbsp; 800000 | El Salvador, Government of, Sr. Unsecd. Note, REGS, 9.500%, 7/15/2052 | &nbsp;&nbsp; 417898 |
| &nbsp;&nbsp; 800000 | Gabon, Government of, Sr. Unsecd. Note, 144A, 7.000%, 11/24/2031 | &nbsp;&nbsp; 673171 |
| &nbsp;&nbsp; 1900000 | Gabon, Government of, Sr. Unsecd. Note, REGS, 6.950%, 6/16/2025 | &nbsp;&nbsp; 1841328 |
| &nbsp;&nbsp; 700000 | Ghana, Government of, Sr. Unsecd. Note, 144A, 8.875%, 5/7/2042 | &nbsp;&nbsp; 252000 |
| &nbsp;&nbsp; 2200000 | Ghana, Government of, Sr. Unsecd. Note, REGS, 6.375%, 2/11/2027 | &nbsp;&nbsp; 832480 |
| &nbsp;&nbsp; 1000000 | Ghana, Government of, Sr. Unsecd. Note, REGS, 7.625%, 5/16/2029 | &nbsp;&nbsp; 368780 |
| &nbsp;&nbsp; 2000000 | Ghana, Government of, Sr. Unsecd. Note, REGS, 7.750%, 4/7/2029 | &nbsp;&nbsp; 740000 |
| &nbsp;&nbsp; 500000 | Ghana, Government of, Sr. Unsecd. Note, REGS, 8.125%, 3/26/2032 | &nbsp;&nbsp; 183750 |
| &nbsp;&nbsp; 500000 | Ghana, Government of, Sr. Unsecd. Note, REGS, 8.950%, 3/26/2051 | &nbsp;&nbsp; 181001 |
| &nbsp;&nbsp; 1000000 | Ghana, Government of, Unsecd. Note, REGS, 10.750%, 10/14/2030 | &nbsp;&nbsp; 696136 |
| &nbsp;&nbsp; 500000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 4.900%, 6/1/2030 | &nbsp;&nbsp; 476825 |
| &nbsp;&nbsp; 2300000 | Guatemala, Government of, Sr. Unsecd. Note, REGS, 5.375%, 4/24/2032 | &nbsp;&nbsp; 2246881 |
| &nbsp;&nbsp; 600030 | Honduras, Government of, Sr. Unsecd. Note, REGS, 7.500%, 3/15/2024 | &nbsp;&nbsp; 596150 |
| &nbsp;&nbsp; 1500000 | Iraq, Government of, Sr. Unsecd. Note, REGS, 6.752%, 3/9/2023 | &nbsp;&nbsp; 1489254 |
| EUR 738,000 | Ivory Coast, Government of, Sr. Unsecd. Note, 144A, 5.875%, 10/17/2031 | &nbsp;&nbsp; 673946 |
| $1000000 | Ivory Coast, Government of, Sr. Unsecd. Note, 144A, 6.125%, 6/15/2033 | &nbsp;&nbsp; 886624 |
| &nbsp;&nbsp; 2984725 | Ivory Coast, Government of, Sr. Unsecd. Note, REGS, 5.750%, 12/31/2032 | &nbsp;&nbsp; 2742664 |
| &nbsp;&nbsp; 4500000 | Ivory Coast, Government of, Sr. Unsecd. Note, REGS, 6.125%, 6/15/2033 | &nbsp;&nbsp; 3989808 |
| &nbsp;&nbsp; 2000000 | Ivory Coast, Government of, Sr. Unsecd. Note, REGS, 6.375%, 3/3/2028 | &nbsp;&nbsp; 1939208 |
| &nbsp;&nbsp; 1300000 | Jordan, Government of, Sr. Unsecd. Note, 144A, 5.850%, 7/7/2030 | &nbsp;&nbsp; 1196606 |
| &nbsp;&nbsp; 500000 | Jordan, Government of, Sr. Unsecd. Note, 144A, 7.375%, 10/10/2047 | &nbsp;&nbsp; 449014 |
| &nbsp;&nbsp; 600000 | Kenya, Government of, Sr. Unsecd. Note, 144A, 6.300%, 1/23/2034 | &nbsp;&nbsp; 461400 |
| &nbsp;&nbsp; 1500000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 7.000%, 5/22/2027 | &nbsp;&nbsp; 1351665 |
| &nbsp;&nbsp; 700000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 7.250%, 2/28/2028 | &nbsp;&nbsp; 617134 |
| &nbsp;&nbsp; 1000000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 8.000%, 5/22/2032 | &nbsp;&nbsp; 868820 |
| &nbsp;&nbsp; 2000000 | Kenya, Government of, Sr. Unsecd. Note, REGS, 8.250%, 2/28/2048 | &nbsp;&nbsp; 1566640 |
| &nbsp;&nbsp; 5600000 | Kingdom of Bahrain, Government of, Sr. Unsecd. Note, 144A, 5.250%, 1/25/2033 | &nbsp;&nbsp; 4940320 |
| &nbsp;&nbsp; 6200000 | Kingdom of Bahrain, Government of, Sr. Unsecd. Note, 144A, 5.450%, 9/16/2032 | &nbsp;&nbsp; 5618750 |
| &nbsp;&nbsp; 4000000 | Kingdom of Bahrain, Government of, Sr. Unsecd. Note, 144A, 5.625%, 5/18/2034 | &nbsp;&nbsp; 3540464 |
| &nbsp;&nbsp; 1000000 | Kingdom of Bahrain, Government of, Sr. Unsecd. Note, 144A, 7.375%, 5/14/2030 | &nbsp;&nbsp; 1036010 |
| &nbsp;&nbsp; 2000000 | Kingdom of Bahrain, Government of, Sr. Unsecd. Note, REGS, 4.250%, 1/25/2028 | &nbsp;&nbsp; 1866940 |
| &nbsp;&nbsp; 1000000 | Kingdom of Bahrain, Government of, Sr. Unsecd. Note, REGS, 5.250%, 1/25/2033 | &nbsp;&nbsp; 882200 |
| &nbsp;&nbsp; 4000000 | Kingdom of Bahrain, Government of, Sr. Unsecd. Note, REGS, 5.625%, 9/30/2031 | &nbsp;&nbsp; 3720944 |
| &nbsp;&nbsp; 1000000 | Kingdom of Bahrain, Government of, Sr. Unsecd. Note, REGS, 7.500%, 9/20/2047 | &nbsp;&nbsp; 928400 |
| &nbsp;&nbsp; 1700000<br><sup>2,3</sup> <br>| Lebanon, Government of, Sr. Secd. Note, Series EMTN, 6.100%, 12/31/2099 | &nbsp;&nbsp; 109225 |
| &nbsp;&nbsp; 1000000<br><sup>2,3</sup> <br>| Lebanon, Government of, Sr. Unsecd. Note, REGS, 6.000%, 01/27/2023 | &nbsp;&nbsp; 65160 |
| &nbsp;&nbsp; 600000 | Mongolia, Government of, Sr. Unsecd. Note, REGS, 5.125%, 4/7/2026 | &nbsp;&nbsp; 559500 |
| &nbsp;&nbsp; 1250000 | Morocco, Government of, Sr. Unsecd. Note, 144A, 4.000%, 12/15/2050 | &nbsp;&nbsp; 858077 |
| &nbsp;&nbsp; 1000000 | Morocco, Government of, Sr. Unsecd. Note, REGS, 2.375%, 12/15/2027 | &nbsp;&nbsp; 882080 |
| &nbsp;&nbsp; 600000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 7.375%, 9/28/2033 | &nbsp;&nbsp; 427500 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| $2800000 | Nigeria, Government of, Sr. Unsecd. Note, 144A, 8.375%, 3/24/2029 | $2327886 |
| &nbsp;&nbsp; 2300000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 6.500%, 11/28/2027 | &nbsp;&nbsp; 1886000 |
| &nbsp;&nbsp; 1200000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 7.143%, 2/23/2030 | &nbsp;&nbsp; 912624 |
| &nbsp;&nbsp; 1000000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 7.696%, 2/23/2038 | &nbsp;&nbsp; 692500 |
| &nbsp;&nbsp; 2000000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 8.747%, 1/21/2031 | &nbsp;&nbsp; 1625984 |
| &nbsp;&nbsp; 2200000 | Nigeria, Government of, Sr. Unsecd. Note, REGS, 9.248%, 1/21/2049 | &nbsp;&nbsp; 1661000 |
| &nbsp;&nbsp; 1000000 | Oman, Government of, Sr. Unsecd. Note, 144A, 4.875%, 6/15/2030 | &nbsp;&nbsp; 996260 |
| &nbsp;&nbsp; 3000000 | Oman, Government of, Sr. Unsecd. Note, 144A, 5.625%, 1/17/2028 | &nbsp;&nbsp; 3018300 |
| &nbsp;&nbsp; 2000000 | Oman, Government of, Sr. Unsecd. Note, 144A, 6.000%, 8/1/2029 | &nbsp;&nbsp; 2047360 |
| &nbsp;&nbsp; 2000000 | Oman, Government of, Sr. Unsecd. Note, 144A, 6.250%, 1/25/2031 | &nbsp;&nbsp; 2069840 |
| &nbsp;&nbsp; 3000000 | Oman, Government of, Sr. Unsecd. Note, REGS, 4.750%, 6/15/2026 | &nbsp;&nbsp; 2941890 |
| &nbsp;&nbsp; 4000000 | Oman, Government of, Sr. Unsecd. Note, REGS, 5.375%, 3/8/2027 | &nbsp;&nbsp; 4000560 |
| &nbsp;&nbsp; 3100000 | Oman, Government of, Sr. Unsecd. Note, REGS, 5.625%, 1/17/2028 | &nbsp;&nbsp; 3118910 |
| &nbsp;&nbsp; 3000000 | Oman, Government of, Sr. Unsecd. Note, REGS, 6.000%, 8/1/2029 | &nbsp;&nbsp; 3071040 |
| &nbsp;&nbsp; 1000000 | Oman, Government of, Sr. Unsecd. Note, REGS, 6.500%, 3/8/2047 | &nbsp;&nbsp; 955000 |
| &nbsp;&nbsp; 4000000 | Oman, Government of, Sr. Unsecd. Note, REGS, 6.750%, 1/17/2048 | &nbsp;&nbsp; 3941080 |
| &nbsp;&nbsp; 3500000 | Oman, Government of, Sr. Unsecd. Note, REGS, 7.000%, 1/25/2051 | &nbsp;&nbsp; 3541650 |
| &nbsp;&nbsp; 1500000 | Pakistan, Government of, Sr. Secd. Note, REGS, 6.875%, 12/5/2027 | &nbsp;&nbsp; 630000 |
| &nbsp;&nbsp; 1100000 | Pakistan, Government of, Sr. Unsecd. Note, REGS, 8.250%, 9/30/2025 | &nbsp;&nbsp; 570904 |
| &nbsp;&nbsp; 1050000 | Papua New Guinea, Government of, Sr. Unsecd. Note, REGS, 8.375%, 10/4/2028 | &nbsp;&nbsp; 957754 |
| &nbsp;&nbsp; 1800000 | Paraguay, Government of, Sr. Unsecd. Note, REGS, 3.849%, 6/28/2033 | &nbsp;&nbsp; 1578378 |
| &nbsp;&nbsp; 450000 | Philippines, Government of, Sr. Unsecd. Note, 5.000%, 7/17/2033 | &nbsp;&nbsp; 457240 |
| &nbsp;&nbsp; 500000 | Romania, Government of, Sr. Unsecd. Note, 144A, 4.000%, 2/14/2051 | &nbsp;&nbsp; 349821 |
| &nbsp;&nbsp; 900000 | Rwanda, Government of, Sr. Unsecd. Note, 144A, 5.500%, 8/9/2031 | &nbsp;&nbsp; 684961 |
| &nbsp;&nbsp; 300000 | Saudi Arabia, Government of, Sr. Unsecd. Note, 144A, 4.750%, 1/18/2028 | &nbsp;&nbsp; 303840 |
| &nbsp;&nbsp; 1000000 | Saudi Arabia, Government of, Sr. Unsecd. Note, 144A, 5.000%, 1/18/2053 | &nbsp;&nbsp; 952740 |
| EUR 500,000 | Senegal, Government of, Sr. Unsecd. Note, 144A, 5.375%, 6/8/2037 | &nbsp;&nbsp; 380097 |
| $3500000 | Senegal, Government of, Sr. Unsecd. Note, REGS, 6.750%, 3/13/2048 | &nbsp;&nbsp; 2612960 |
| &nbsp;&nbsp; 300000 | Serbia, Government of, Sr. Unsecd. Note, 144A, 6.500%, 9/26/2033 | &nbsp;&nbsp; 300570 |
| &nbsp;&nbsp; 1100000 | South Africa, Government of, Sr. Unsecd. Note, 4.850%, 9/30/2029 | &nbsp;&nbsp; 1001821 |
| &nbsp;&nbsp; 2500000 | South Africa, Government of, Sr. Unsecd. Note, 5.000%, 10/12/2046 | &nbsp;&nbsp; 1815950 |
| &nbsp;&nbsp; 2000000 | South Africa, Government of, Sr. Unsecd. Note, 5.650%, 9/27/2047 | &nbsp;&nbsp; 1525260 |
| &nbsp;&nbsp; 1600000 | South Africa, Government of, Sr. Unsecd. Note, 5.875%, 4/20/2032 | &nbsp;&nbsp; 1484000 |
| &nbsp;&nbsp; 1500000 | South Africa, Government of, Sr. Unsecd. Note, 6.250%, 3/8/2041 | &nbsp;&nbsp; 1322202 |
| &nbsp;&nbsp; 500000 | South Africa, Government of, Sr. Unsecd. Note, 6.300%, 6/22/2048 | &nbsp;&nbsp; 410760 |
| &nbsp;&nbsp; 1100000 | State of Israel, Sr. Unsecd. Note, 4.500%, 1/17/2033 | &nbsp;&nbsp; 1101012 |
| &nbsp;&nbsp; 500000 | Tunisia, Government of, Sr. Unsecd. Note, REGS, 5.750%, 1/30/2025 | &nbsp;&nbsp; 324760 |
| &nbsp;&nbsp; 3400000 | Turkey, Government of, Sr. Unsecd. Note, 3.250%, 3/23/2023 | &nbsp;&nbsp; 3393948 |
| &nbsp;&nbsp; 3500000 | Turkey, Government of, Sr. Unsecd. Note, 4.250%, 3/13/2025 | &nbsp;&nbsp; 3240993 |
| &nbsp;&nbsp; 2000000 | Turkey, Government of, Sr. Unsecd. Note, 4.250%, 4/14/2026 | &nbsp;&nbsp; 1760336 |
| &nbsp;&nbsp; 4000000 | Turkey, Government of, Sr. Unsecd. Note, 4.750%, 1/26/2026 | &nbsp;&nbsp; 3604896 |
| &nbsp;&nbsp; 3500000 | Turkey, Government of, Sr. Unsecd. Note, 4.875%, 10/9/2026 | &nbsp;&nbsp; 3088750 |
| &nbsp;&nbsp; 5700000 | Turkey, Government of, Sr. Unsecd. Note, 4.875%, 4/16/2043 | &nbsp;&nbsp; 3582404 |
| &nbsp;&nbsp; 3000000 | Turkey, Government of, Sr. Unsecd. Note, 5.125%, 2/17/2028 | &nbsp;&nbsp; 2561400 |
| &nbsp;&nbsp; 2800000 | Turkey, Government of, Sr. Unsecd. Note, 5.250%, 3/13/2030 | &nbsp;&nbsp; 2237200 |
| &nbsp;&nbsp; 2000000 | Turkey, Government of, Sr. Unsecd. Note, 5.600%, 11/14/2024 | &nbsp;&nbsp; 1921820 |
| &nbsp;&nbsp; 2700000 | Turkey, Government of, Sr. Unsecd. Note, 5.750%, 3/22/2024 | &nbsp;&nbsp; 2647566 |
| &nbsp;&nbsp; 3700000 | Turkey, Government of, Sr. Unsecd. Note, 5.750%, 5/11/2047 | &nbsp;&nbsp; 2468840 |
| &nbsp;&nbsp; 2500000 | Turkey, Government of, Sr. Unsecd. Note, 5.950%, 1/15/2031 | &nbsp;&nbsp; 2053550 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Sovereign—continued** |  |
| $1000000 | Turkey, Government of, Sr. Unsecd. Note, 6.000%, 1/14/2041 | $717380 |
| &nbsp;&nbsp; 2500000 | Turkey, Government of, Sr. Unsecd. Note, 6.000%, 3/25/2027 | &nbsp;&nbsp; 2265000 |
| &nbsp;&nbsp; 4000000 | Turkey, Government of, Sr. Unsecd. Note, 6.125%, 10/24/2028 | &nbsp;&nbsp; 3514784 |
| &nbsp;&nbsp; 4500000 | Turkey, Government of, Sr. Unsecd. Note, 6.350%, 8/10/2024 | &nbsp;&nbsp; 4412610 |
| &nbsp;&nbsp; 4100000 | Turkey, Government of, Sr. Unsecd. Note, 6.375%, 10/14/2025 | &nbsp;&nbsp; 3898321 |
| &nbsp;&nbsp; 500000 | Turkey, Government of, Sr. Unsecd. Note, 6.875%, 3/17/2036 | &nbsp;&nbsp; 411250 |
| &nbsp;&nbsp; 3500000 | Turkey, Government of, Sr. Unsecd. Note, 7.625%, 4/26/2029 | &nbsp;&nbsp; 3271100 |
| &nbsp;&nbsp; 2000000 | Turkey, Government of, Unsecd. Note, 6.625%, 2/17/2045 | &nbsp;&nbsp; 1496600 |
| &nbsp;&nbsp; 2000000<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, 144A, 6.876%, 5/21/2031 | &nbsp;&nbsp; 397252 |
| &nbsp;&nbsp; 1000000<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, REGS, 7.253%, 3/15/2035 | &nbsp;&nbsp; 199000 |
| &nbsp;&nbsp; 500000<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, REGS, 7.750%, 9/1/2024 | &nbsp;&nbsp; 122593 |
| &nbsp;&nbsp; 900000<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, REGS, 7.750%, 9/1/2025 | &nbsp;&nbsp; 206550 |
| &nbsp;&nbsp; 1700000<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, REGS, 7.750%, 9/1/2026 | &nbsp;&nbsp; 371144 |
| &nbsp;&nbsp; 1000000<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, REGS, 7.750%, 9/1/2027 | &nbsp;&nbsp; 213980 |
| &nbsp;&nbsp; 2000000<br><sup>2,3</sup> <br>| Ukraine, Government of, Sr. Unsecd. Note, REGS, 8.994%, 2/1/2026 | &nbsp;&nbsp; 450776 |
| &nbsp;&nbsp; 1505000<br><sup>2,3</sup> <br>| Ukraine, Government of, Unsecd. Note, 144A, 1.258%, 8/1/2041 | &nbsp;&nbsp; 480577 |
| &nbsp;&nbsp; 2000000<br><sup>2,3</sup> <br>| Ukraine, Government of, Unsecd. Note, REGS, 7.750%, 9/1/2028 | &nbsp;&nbsp; 436056 |
| &nbsp;&nbsp; 1900000 | United Mexican States, Sr. Unsecd. Note, 6.350%, 2/9/2035 | &nbsp;&nbsp; 2016938 |
| &nbsp;&nbsp; 4653000<br><sup>2,3,5</sup> <br>| Venezuela, Government of, Sr. Unsecd. Note, 7.000%, 3/31/2038 | &nbsp;&nbsp; 430234 |
| &nbsp;&nbsp; 6920000<br><sup>2,3,5</sup> <br>| Venezuela, Government of, Sr. Unsecd. Note, 8.250%, 10/13/2024 | &nbsp;&nbsp; 605500 |
| &nbsp;&nbsp; 2000000<br><sup>2,3,5</sup> <br>| Venezuela, Government of, Sr. Unsecd. Note, 9.250%, 5/7/2028 | &nbsp;&nbsp; 184928 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp; 339570389 |
|  | **State/Provincial—0.4%** |  |
| &nbsp;&nbsp; 468000 | Brazil Minas SPE, Sec. Fac. Bond, 144A, 5.333%, 2/15/2028 | &nbsp;&nbsp; 459260 |
| &nbsp;&nbsp; 1079000 | Buenos Aires, City of, Sr. Unsecd. Note, 144A, 7.500%, 6/1/2027 | &nbsp;&nbsp; 1008871 |
| &nbsp;&nbsp; 1113200<br><sup>2,3</sup> <br>| Provincia De Buenos Aires, Sr. Unsecd. Note, 144A, 3.900%, 9/1/2037 | &nbsp;&nbsp; 439950 |
| &nbsp;&nbsp; 650000<br><sup>2,3</sup> <br>| Provincia De Buenos Aires, Sr. Unsecd. Note, REGS, 5.250%, 9/1/2037 | &nbsp;&nbsp; 256888 |
| &nbsp;&nbsp; 708401 | Provincia De Cordoba, Sr. Unsecd. Note, 144A, 5.000%, 6/1/2027 | &nbsp;&nbsp; 541719 |
| &nbsp;&nbsp; 253000 | Provincia De Cordoba, Sr. Unsecd. Note, REGS, 5.000%, 6/1/2027 | &nbsp;&nbsp; 193471 |
| &nbsp;&nbsp; 186484<br><sup>2,3</sup> <br>| Provincia de Entre Rios Argentina, Sr. Unsecd. Note, 144A, 5.000%, 8/8/2028 | &nbsp;&nbsp; 137066 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3037225 |
|  | **Telecommunications & Cellular—0.7%** |  |
| &nbsp;&nbsp; 3400000 | Oryx Funding Ltd., Sr. Unsecd. Note, 144A, 5.800%, 2/3/2031 | &nbsp;&nbsp; 3354236 |
| &nbsp;&nbsp; 1800000 | Oztel Holdings SPC Ltd., Sec. Fac. Bond, 144A, 6.625%, 4/24/2028 | &nbsp;&nbsp; 1870711 |
| &nbsp;&nbsp; 1000000 | Oztel Holdings SPC Ltd., Sec. Fac. Bond, REGS, 6.625%, 4/24/2028 | &nbsp;&nbsp; 1039284 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6264231 |
|  | **Transportation—0.1%** |  |
| &nbsp;&nbsp; 500000<br><sup>1</sup> <br>| DP World Salaam, Jr. Sub. Note, 6.000%, 10/1/2025 | &nbsp;&nbsp; 501250 |
| &nbsp;&nbsp; 900000<br><sup>2,3</sup> <br>| State Age Roads, Sr. Unsecd. Note, 144A, 6.250%, 6/24/2030 | &nbsp;&nbsp; 160812 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662062 |
|  | **Utilities—3.3%** |  |
| &nbsp;&nbsp; 500000<br><sup>4</sup> <br>| Chile Electricity PEC SpA, Sec. Fac. Bond, 144A, 0.000%, 1/25/2028 | &nbsp;&nbsp; 378392 |
| &nbsp;&nbsp; 1200000 | Eig Pearl Holdings Sarl, Sec. Fac. Bond, 144A, 4.387%, 11/30/2046 | &nbsp;&nbsp; 954000 |
| &nbsp;&nbsp; 2000000 | Empresas Public Medelllin, Sr. Unsecd. Note, REGS, 4.250%, 7/18/2029 | &nbsp;&nbsp; 1646830 |
| &nbsp;&nbsp; 5200000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, 144A, 6.350%, 8/10/2028 | &nbsp;&nbsp; 4984824 |
| &nbsp;&nbsp; 1000000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, REGS, 6.350%, 8/10/2028 | &nbsp;&nbsp; 958620 |
| &nbsp;&nbsp; 6000000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, REGS, 6.750%, 8/6/2023 | &nbsp;&nbsp; 5915280 |
| &nbsp;&nbsp; 3100000 | Eskom Holdings Soc Ltd., Sr. Unsecd. Note, REGS, 8.450%, 8/10/2028 | &nbsp;&nbsp; 2984441 |
| &nbsp;&nbsp; 6500000 | Eskom Holdings Soc Ltd., Unsecd. Note, REGS, 7.125%, 2/11/2025 | &nbsp;&nbsp; 6255795 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | FOREIGN GOVERNMENTS/AGENCIES—continued |  |
|  | **Utilities—continued** |  |
| $850000 | Instituto Costarricense de Electricidad, Sr. Unsecd. Note, REGS, 6.375%, 5/15/2043 | $688504 |
| &nbsp;&nbsp; 900000 | Israel Electric Corp. Ltd., Sec. Fac. Bond, Series GMTN, 4.250%, 8/14/2028 | &nbsp;&nbsp; 865017 |
| &nbsp;&nbsp; 400000 | Israel Electric Corp. Ltd., Unsecd. Note, Series GMTN, 3.750%, 2/22/2032 | &nbsp;&nbsp; 357740 |
| &nbsp;&nbsp; 450000<br><sup>2,3</sup> <br>| NPC Ukrenergo, Sr. Unsecd. Note, 144A, 6.875%, 11/9/2028 | &nbsp;&nbsp; 82532 |
| &nbsp;&nbsp; 900000 | State Grid Overseas Investment 2016 Ltd., Sr. Unsecd. Note, 144A, 4.250%, 5/2/2028 | &nbsp;&nbsp; 900067 |
| &nbsp;&nbsp; 2044518 | Sweihan Pv Power Co., Sec. Fac. Bond, 144A, 3.625%, 1/31/2049 | &nbsp;&nbsp; 1716661 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 28688703 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL FOREIGN GOVERNMENTS/AGENCIES <br>(IDENTIFIED COST $517,320,072)<br>| &nbsp;&nbsp; 505835535 |
|  | CORPORATE BONDS—37.2% |  |
|  | **Aerospace & Defense—0.5%** |  |
| &nbsp;&nbsp; 3000000 | Embraer Netherlands Finance BV, Sr. Unsecd. Note, 5.400%, 2/1/2027 | &nbsp;&nbsp; 2947560 |
| &nbsp;&nbsp; 1200000 | Embraer Netherlands Finance BV, Sr. Unsecd. Note, REGS, 6.950%, 1/17/2028 | &nbsp;&nbsp; 1237548 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4185108 |
|  | **Air Transportation—0.3%** |  |
| &nbsp;&nbsp; 300000 | Azul Investments LLP, Sr. Unsecd. Note, REGS, 7.250%, 6/15/2026 | &nbsp;&nbsp; 181549 |
| &nbsp;&nbsp; 840000 | Gol Finance, Sr. Unsecd. Note, 144A, 7.000%, 1/31/2025 | &nbsp;&nbsp; 440748 |
| &nbsp;&nbsp; 1850000 | Gol Finance, Sr. Unsecd. Note, REGS, 7.000%, 1/31/2025 | &nbsp;&nbsp; 970695 |
| &nbsp;&nbsp; 1000000 | Latam Airlines Group SA, Sec. Fac. Bond, 144A, 13.375%, 10/15/2027 | &nbsp;&nbsp; 1073750 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2666742 |
|  | **Airport—0.2%** |  |
| &nbsp;&nbsp; 500000 | Delhi Intl Airport, REGS, 6.450%, 6/4/2029 | &nbsp;&nbsp; 473000 |
| &nbsp;&nbsp; 1000000 | GMR Hyderabad International Airport Ltd., Term Loan - 1st Lien, 144A, 4.750%, 2/2/2026 | &nbsp;&nbsp; 933750 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1406750 |
|  | **Automotive—1.1%** |  |
| &nbsp;&nbsp; 2000000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 2.375%, 10/15/2027 | &nbsp;&nbsp; 1776617 |
| &nbsp;&nbsp; 2050000 | Iochpe-Maxion Austria GmbH / Maxion Wheels de Mexico S de RL de CV, Sr. Unsecd. Note, 144A, 5.000%, 5/7/2028 | &nbsp;&nbsp; 1720494 |
| &nbsp;&nbsp; 500000 | Jaguar Land Rover PLC, Sr. Unsecd. Note, 144A, 5.875%, 1/15/2028 | &nbsp;&nbsp; 425824 |
| &nbsp;&nbsp; 1800000 | Jaguar Land Rover PLC, Sr. Unsecd. Note, REGS, 5.875%, 1/15/2028 | &nbsp;&nbsp; 1532965 |
| &nbsp;&nbsp; 1550000 | Metalsa Sa De Cv, Sr. Unsecd. Note, 144A, 3.750%, 5/4/2031 | &nbsp;&nbsp; 1251414 |
| &nbsp;&nbsp; 1600000 | Metalsa Sa De Cv, Sr. Unsecd. Note, REGS, 3.750%, 5/4/2031 | &nbsp;&nbsp; 1291782 |
| &nbsp;&nbsp; 300000 | Nemak SAB de CV, Sr. Unsecd. Note, 144A, 3.625%, 6/28/2031 | &nbsp;&nbsp; 242498 |
| &nbsp;&nbsp; 2000000 | Nemak SAB de CV, Sr. Unsecd. Note, REGS, 3.625%, 6/28/2031 | &nbsp;&nbsp; 1616650 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9858244 |
|  | **Banking—3.7%** |  |
| &nbsp;&nbsp; 800000<br><sup>1</sup> <br>| Access Bank PLC, Jr. Sub. Note, 144A, 9.125%, 10/7/2026 | &nbsp;&nbsp; 665520 |
| &nbsp;&nbsp; 1774000 | Akbank TAS, Sr. Unsecd. Note, 144A, 6.800%, 2/6/2026 | &nbsp;&nbsp; 1705914 |
| &nbsp;&nbsp; 1000000 | Akbank TAS, Sr. Unsecd. Note, REGS, 5.125%, 3/31/2025 | &nbsp;&nbsp; 959900 |
| &nbsp;&nbsp; 2000000 | Akbank TAS, Sub. Note, REGS, 6.797%, 4/27/2028 | &nbsp;&nbsp; 1940630 |
| &nbsp;&nbsp; 2000000<br><sup>1</sup> <br>| Al Ahli Bank of Kuwait, Jr. Sub. Note, 7.250%, 9/26/2023 | &nbsp;&nbsp; 1989274 |
| &nbsp;&nbsp; 2300000<br><sup>2,3,5,6</sup> <br>| Alfa Bank (Alfa Bond), Sub., REGS, 5.950%, 4/15/2030 | &nbsp;&nbsp; 115000 |
| &nbsp;&nbsp; 2000000 | Banco Btg Pactual/Cayman, Sr. Unsecd. Note, 144A, 2.750%, 1/11/2026 | &nbsp;&nbsp; 1837000 |
| &nbsp;&nbsp; 1000000 | Banco Continental, Sr. Unsecd. Note, 144A, 2.750%, 12/10/2025 | &nbsp;&nbsp; 894985 |
| &nbsp;&nbsp; 1400000 | Banco Continental, Sr. Unsecd. Note, REGS, 2.750%, 12/10/2025 | &nbsp;&nbsp; 1252979 |
| &nbsp;&nbsp; 600000<br><sup>1</sup> <br>| Banco Davivienda S A, Jr. Sub. Note, 144A, 6.650%, 4/22/2031 | &nbsp;&nbsp; 472199 |
| &nbsp;&nbsp; 200000<br><sup>1</sup> <br>| Banco General SA, Jr. Sub. Note, 144A, 5.250%, 5/7/2031 | &nbsp;&nbsp; 172280 |
| &nbsp;&nbsp; 500000 | Banco Industrial, Sub., 144A, 4.875%, 1/29/2031 | &nbsp;&nbsp; 468253 |
| &nbsp;&nbsp; 2000000 | Banco Internacional del Peru SAA Interbank, Sub., REGS, 4.000%, 7/8/2030 | &nbsp;&nbsp; 1847741 |
| &nbsp;&nbsp; 1000000 | Banco Internacional del Peru SAA Interbank, Sub., REGS, 6.625% (3-month USLIBOR +5.760%), 3/19/2029 | &nbsp;&nbsp; 1002300 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Banking—continued** |  |
| $2000000<br><sup>1</sup> <br>| Banco Mercantil De Norte, Jr. Sub. Deb., REGS, 7.500%, 6/27/2029 | $1927190 |
| &nbsp;&nbsp; 3400000<br><sup>1</sup> <br>| Banco Mercantil De Norte, Jr. Sub. Note, 144A, 6.625%, 1/24/2032 | &nbsp;&nbsp; 3006644 |
| &nbsp;&nbsp; 750000 | Banco Votorantim, Sr. Unsecd. Note, 144A, 4.375%, 7/29/2025 | &nbsp;&nbsp; 721834 |
| &nbsp;&nbsp; 3200000 | Bancolombia S.A., Sub., 7.139%, 10/18/2027 | &nbsp;&nbsp; 3187296 |
| &nbsp;&nbsp; 750000 | Banistmo S.A., Sr. Unsecd. Note, 144A, 4.250%, 7/31/2027 | &nbsp;&nbsp; 683404 |
| &nbsp;&nbsp; 600000 | Bank Leumi Le-Israel, Sub., 7.129% (5YR EUR Swap Annual +3.466%), 7/18/2033 | &nbsp;&nbsp; 621000 |
| &nbsp;&nbsp; 700000 | BBVA Bancomer SA Mexico, Sub. Deb., 144A, 5.875%, 9/13/2034 | &nbsp;&nbsp; 675213 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| Industrial and Commercial Bank of China Ltd., Jr. Sub. Note, 3.200%, 9/24/2026 | &nbsp;&nbsp; 949375 |
| &nbsp;&nbsp; 2500000<br><sup>1</sup> <br>| Itau Unibanco Holding SA, Jr. Sub. Note, REGS, 7.721%, 6/12/2023 | &nbsp;&nbsp; 2431750 |
| &nbsp;&nbsp; 1000000 | Multibank, Inc., Sr. Unsecd. Note, 144A, 7.750%, 2/3/2028 | &nbsp;&nbsp; 1015240 |
| &nbsp;&nbsp; 1500000 | Shinhan Bank, Sub., 144A, 3.875%, 3/24/2026 | &nbsp;&nbsp; 1413947 |
| &nbsp;&nbsp; 1800000<br><sup>1,2,3,6</sup> <br>| SovCo Capital Partners BV, Jr. Sub. Note, 144A, 7.600%, 2/17/2027 | &nbsp;&nbsp; 90000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 32046868 |
|  | **Beverage & Tobacco—0.1%** |  |
| &nbsp;&nbsp; 1000000 | Central American Bottling Corp. / CBC Bottling Holdco SL / Beliv Holdco SL, Sr. Unsecd. Note, REGS, 5.250%, 4/27/2029 | &nbsp;&nbsp; 961790 |
|  | **Brokerage—0.1%** |  |
| &nbsp;&nbsp; 800000 | XP, Inc., Sr. Unsecd. Note, 144A, 3.250%, 7/1/2026 | &nbsp;&nbsp; 719563 |
|  | **Building & Development—0.3%** |  |
| &nbsp;&nbsp; 1500000 | JSW Infrastructure Ltd., Sec. Fac. Bond, 144A, 4.950%, 1/21/2029 | &nbsp;&nbsp; 1330899 |
| &nbsp;&nbsp; 350000 | JSW Infrastructure Ltd., Sec. Fac. Bond, REGS, 4.950%, 1/21/2029 | &nbsp;&nbsp; 310543 |
| &nbsp;&nbsp; 933333 | Rutas 2 & 7 Finance Ltd., 144A, 0.001%, 9/30/2036 | &nbsp;&nbsp; 615230 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2256672 |
|  | **Building Materials—1.0%** |  |
| &nbsp;&nbsp; 2800000 | Cemex Materials LLC, Sr. Unsecd. Note, 144A, 7.700%, 7/21/2025 | &nbsp;&nbsp; 2835000 |
| &nbsp;&nbsp; 4000000<br><sup>1</sup> <br>| Cemex SAB de CV, Sec. Fac. Bond, 144A, 7.375%, 6/5/2027 | &nbsp;&nbsp; 4116960 |
| &nbsp;&nbsp; 1200000 | Cemex SAB de CV, Sr. Secd. Note, 144A, 3.875%, 7/11/2031 | &nbsp;&nbsp; 1013646 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| Cemex SAB de CV, Sub., REGS, 5.125%, 6/8/2026 | &nbsp;&nbsp; 921350 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8886956 |
|  | **Cable & Wireless Television—0.1%** |  |
| &nbsp;&nbsp; 1200000 | Vtr Finance Bv, Sr. Unsecd. Note, 144A, 6.375%, 7/15/2028 | &nbsp;&nbsp; 503640 |
|  | **Chemicals & Plastics—3.4%** |  |
| &nbsp;&nbsp; 2600000 | Braskem Idesa S.A.P.I., Sec. Fac. Bond, 144A, 6.990%, 2/20/2032 | &nbsp;&nbsp; 1929408 |
| &nbsp;&nbsp; 2300000 | Braskem Netherlands Finance BV, Sr. Unsecd. Note, 144A, 4.500%, 1/31/2030 | &nbsp;&nbsp; 2027808 |
| &nbsp;&nbsp; 5700000 | Cydsa SAB de CV, Sr. Unsecd. Note, REGS, 6.250%, 10/4/2027 | &nbsp;&nbsp; 5512983 |
| &nbsp;&nbsp; 500000<br><sup>1</sup> <br>| San Miguel Corp., Sr. Unsecd. Note, Series EMTN, 5.500%, 7/29/2025 | &nbsp;&nbsp; 469875 |
| &nbsp;&nbsp; 800000 | San Miguel Industrias, Sr. Unsecd. Note, REGS, 3.500%, 8/2/2028 | &nbsp;&nbsp; 689148 |
| &nbsp;&nbsp; 3000000 | Sasol Financing USA LLC, Sr. Unsecd. Note, 5.500%, 3/18/2031 | &nbsp;&nbsp; 2621220 |
| &nbsp;&nbsp; 3000000 | Sasol Financing USA LLC, Sr. Unsecd. Note, 5.875%, 3/27/2024 | &nbsp;&nbsp; 2972655 |
| &nbsp;&nbsp; 1500000 | Sasol Financing USA LLC, Sr. Unsecd. Note, 6.500%, 9/27/2028 | &nbsp;&nbsp; 1449330 |
| &nbsp;&nbsp; 1400000 | UNIGEL Luxembourg S.A., Sr. Unsecd. Note, 144A, 8.750%, 10/1/2026 | &nbsp;&nbsp; 1416305 |
| &nbsp;&nbsp; 7600000 | UNIGEL Luxembourg S.A., Sr. Unsecd. Note, REGS, 8.750%, 10/1/2026 | &nbsp;&nbsp; 7688512 |
| &nbsp;&nbsp; 3000000 | Upl Corp. Ltd., Sr. Unsecd. Note, 4.625%, 6/16/2030 | &nbsp;&nbsp; 2497538 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 29274782 |
|  | **Conglomerates—0.2%** |  |
| &nbsp;&nbsp; 2100000 | Turkiye Sise ve Cam Fabrikalari AS, Sr. Unsecd. Note, REGS, 6.950%, 3/14/2026 | &nbsp;&nbsp; 2048623 |
|  | **Consumer Non-Cyclical - Pharmaceuticals—0.1%** |  |
| &nbsp;&nbsp; 1500000 | Teva Pharmaceutical Finance Netherlands III BV, Sr. Unsecd. Note, 3.150%, 10/1/2026 | &nbsp;&nbsp; 1347660 |
|  | **Consumer Products—0.4%** |  |
| &nbsp;&nbsp; 1500000 | Bidvest Group UK PLC, Sr. Unsecd. Note, 144A, 3.625%, 9/23/2026 | &nbsp;&nbsp; 1382475 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Products—continued** |  |
| $2200000 | Frigorifico Concepcion, REGS, 7.700%, 7/21/2028 | $1771176 |
| &nbsp;&nbsp; 600000 | Meituan, Sr. Unsecd. Note, 144A, 3.050%, 10/28/2030 | &nbsp;&nbsp; 488902 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3642553 |
|  | **Electronics—0.2%** |  |
| &nbsp;&nbsp; 750000 | SK Hynix, Inc., Sr. Unsecd. Note, 144A, 6.250%, 1/17/2026 | &nbsp;&nbsp; 758256 |
| &nbsp;&nbsp; 750000 | SK Hynix, Inc., Sr. Unsecd. Note, 144A, 6.375%, 1/17/2028 | &nbsp;&nbsp; 761951 |
| &nbsp;&nbsp; 300000 | SK Hynix, Inc., Sr. Unsecd. Note, 144A, 6.500%, 1/17/2033 | &nbsp;&nbsp; 304512 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1824719 |
|  | **Equipment Lease—0.2%** |  |
| &nbsp;&nbsp; 1850000 | Movida Europe S.A., Sr. Unsecd. Note, 144A, 5.250%, 2/8/2031 | &nbsp;&nbsp; 1354968 |
| &nbsp;&nbsp; 500000<br><sup>2,3</sup> <br>| Unifin Financiera SA de, Sr. Unsecd. Note, 144A, 9.875%, 1/28/2029 | &nbsp;&nbsp; 17500 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1372468 |
|  | **Finance—0.6%** |  |
| &nbsp;&nbsp; 850000 | Banco GNB Sudameris SA, Sub. Note, REGS, 7.500%, 4/16/2031 | &nbsp;&nbsp; 668806 |
| &nbsp;&nbsp; 600000 | Cibanco Sa Ins De Banca, Sr. Unsecd. Note, REGS, 4.375%, 7/22/2031 | &nbsp;&nbsp; 468504 |
| &nbsp;&nbsp; 1450000 | Grupo Aval Ltd., Sr. Unsecd. Note, REGS, 4.375%, 2/4/2030 | &nbsp;&nbsp; 1203536 |
| &nbsp;&nbsp; 500000 | Inversiones Atlantida SA, Sec. Fac. Bond, 144A, 7.500%, 5/19/2026 | &nbsp;&nbsp; 455888 |
| &nbsp;&nbsp; 1000000 | Inversiones La Construccion SA, Sr. Unsecd. Note, 144A, 4.750%, 2/7/2032 | &nbsp;&nbsp; 836180 |
| &nbsp;&nbsp; 900000<br><sup>5</sup> <br>| Inversiones La Construccion SA, Sr. Unsecd. Note, REGS, 4.750%, 2/7/2032 | &nbsp;&nbsp; 752562 |
| &nbsp;&nbsp; 800000 | Muthoot Finance Ltd., Term Loan - 1st Lien, REGS, 4.400%, 9/2/2023 | &nbsp;&nbsp; 787640 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5173116 |
|  | **Finance - Retail—0.0%** |  |
| &nbsp;&nbsp; 500000 | Ct Trust, Sec. Fac. Bond, REGS, 5.125%, 2/3/2032 | &nbsp;&nbsp; 436535 |
|  | **Financial Intermediaries—0.9%** |  |
| &nbsp;&nbsp; 1600000<br><sup>1</sup> <br>| ADIB Capital Invest 2 Ltd., Jr. Sub. Note, 7.125%, 9/20/2023 | &nbsp;&nbsp; 1612008 |
| &nbsp;&nbsp; 1250000 | Cimpor Financial Operations, Sr. Unsecd. Note, 144A, 5.750%, 7/17/2024 | &nbsp;&nbsp; 1004694 |
| &nbsp;&nbsp; 500000 | ICD Funding Ltd., Sr. Unsecd. Note, 4.625%, 5/21/2024 | &nbsp;&nbsp; 495600 |
| &nbsp;&nbsp; 1500000 | Mx Remit Fund Fiduc Est, Sr. Note, 144A, 4.875%, 1/15/2028 | &nbsp;&nbsp; 1386048 |
| &nbsp;&nbsp; 2100000 | Mx Remit Fund Fiduc Est, Sr. Note, REGS, 4.875%, 1/15/2028 | &nbsp;&nbsp; 1940468 |
| &nbsp;&nbsp; 1500000 | Trust F/1401, Sr. Unsecd. Note, 144A, 5.250%, 1/30/2026 | &nbsp;&nbsp; 1464525 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7903343 |
|  | **Food Products—1.4%** |  |
| &nbsp;&nbsp; 675000 | Agrosuper S.A., Sr. Unsecd. Note, 144A, 4.600%, 1/20/2032 | &nbsp;&nbsp; 606656 |
| &nbsp;&nbsp; 1590000 | Coruripe Netherlands B.V., Sec. Fac. Bond, REGS, 10.000%, 2/10/2027 | &nbsp;&nbsp; 1199973 |
| &nbsp;&nbsp; 2000000 | JBS USA LUX SA / JBS Food Co. / JBS USA Finance, Inc., Sr. Unsecd. Note, 144A, 3.000%, 2/2/2029 | &nbsp;&nbsp; 1719170 |
| &nbsp;&nbsp; 800000 | JBS USA LUX SA / JBS Food Co. / JBS USA Finance, Inc., Sr. Unsecd. Note, 144A, 5.125%, 2/1/2028 | &nbsp;&nbsp; 784079 |
| &nbsp;&nbsp; 800000 | JBS USA LUX SA / JBS Food Co. / JBS USA Finance, Inc., Sr. Unsecd. Note, 144A, 5.750%, 4/1/2033 | &nbsp;&nbsp; 786448 |
| &nbsp;&nbsp; 300000 | JBS USA LUX SA / JBS Food Co. / JBS USA Finance, Inc., Sr. Unsecd. Note, 144A, 6.500%, 12/1/2052 | &nbsp;&nbsp; 306851 |
| &nbsp;&nbsp; 1000000 | JGSH Philippines Ltd., Sr. Unsecd. Note, 4.125%, 7/9/2030 | &nbsp;&nbsp; 921000 |
| &nbsp;&nbsp; 2400000 | MHP SA, Sr. Unsecd. Note, REGS, 7.750%, 5/10/2024 | &nbsp;&nbsp; 1220256 |
| &nbsp;&nbsp; 2000000 | Minerva Luxembourg SA, Sr. Unsecd. Note, REGS, 4.375%, 3/18/2031 | &nbsp;&nbsp; 1696839 |
| &nbsp;&nbsp; 3000000 | NBM US Holdings, Inc., Sr. Unsecd. Note, 144A, 7.000%, 5/14/2026 | &nbsp;&nbsp; 3001350 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 12242622 |
|  | **Food Services—0.9%** |  |
| &nbsp;&nbsp; 1000000 | Alsea de Mexico SAB de CV, Sr. Unsecd. Note, 144A, 7.750%, 12/14/2026 | &nbsp;&nbsp; 1011320 |
| &nbsp;&nbsp; 1900000 | Alsea de Mexico SAB de CV, Sr. Unsecd. Note, REGS, 7.750%, 12/14/2026 | &nbsp;&nbsp; 1921508 |
| &nbsp;&nbsp; 3800000 | MARB BondCo PLC, Sr. Unsecd. Note, REGS, 3.950%, 1/29/2031 | &nbsp;&nbsp; 2998105 |
| &nbsp;&nbsp; 3000000 | MHP Lux SA, Sr. Unsecd. Note, REGS, 6.950%, 4/3/2026 | &nbsp;&nbsp; 1469940 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7400873 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Forest Products—0.3%** |  |
| $3000000 | Suzano Austria GmbH, Sr. Unsecd. Note, Series DM3N, 3.125%, 1/15/2032 | $2388870 |
|  | **Hotels, Motels, Inns & Casinos—0.0%** |  |
| &nbsp;&nbsp; 588828 | Grupo Posadas SA de C.V., REGS, 4.000%, 12/30/2027 | &nbsp;&nbsp; 470090 |
|  | **Industrial Products & Equipment—0.1%** |  |
| &nbsp;&nbsp; 600000 | Grupo Kuo SAB DE CV, Sr. Unsecd. Note, REGS, 5.750%, 7/7/2027 | &nbsp;&nbsp; 570648 |
|  | **Insurance—0.2%** |  |
| &nbsp;&nbsp; 1510000<br><sup>1</sup> <br>| AIA Group Ltd., Sub., Series GMTN, 2.700%, 4/7/2026 | &nbsp;&nbsp; 1369965 |
| &nbsp;&nbsp; 800000 | Kyobo Life Insurance Co Ltd., Sub., REGS, 5.900%, 6/15/2052 | &nbsp;&nbsp; 783800 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2153765 |
|  | **Metals & Mining—3.5%** |  |
| &nbsp;&nbsp; 4000000 | Cap S.A., Sr. Unsecd. Note, 144A, 3.900%, 4/27/2031 | &nbsp;&nbsp; 3330300 |
| &nbsp;&nbsp; 2000000 | CSN Islands XI Corp., Sr. Unsecd. Note, 144A, 6.750%, 1/28/2028 | &nbsp;&nbsp; 2000046 |
| &nbsp;&nbsp; 1100000 | CSN Resources SA, Sr. Unsecd. Note, 144A, 4.625%, 6/10/2031 | &nbsp;&nbsp; 927473 |
| &nbsp;&nbsp; 2500000 | CSN Resources SA, Sr. Unsecd. Note, 144A, 5.875%, 4/8/2032 | &nbsp;&nbsp; 2274928 |
| &nbsp;&nbsp; 200000 | Endeavour Mining PLC, Sr. Unsecd. Note, 144A, 5.000%, 10/14/2026 | &nbsp;&nbsp; 178130 |
| &nbsp;&nbsp; 500000 | Indika Energy Capital IV Pte. Ltd., 144A, 8.250%, 10/22/2025 | &nbsp;&nbsp; 502189 |
| &nbsp;&nbsp; 2750000 | Indika Energy Capital IV Pte. Ltd., REGS, 8.250%, 10/22/2025 | &nbsp;&nbsp; 2762038 |
| &nbsp;&nbsp; 4500000 | JSW Steel Ltd., Sr. Unsecd. Note, REGS, 3.950%, 4/5/2027 | &nbsp;&nbsp; 3982964 |
| &nbsp;&nbsp; 1600000 | JSW Steel Ltd., Sr. Unsecd. Note, REGS, 5.050%, 4/5/2032 | &nbsp;&nbsp; 1348294 |
| &nbsp;&nbsp; 1500000 | Minmetals Bounteous Finance BVI Ltd., Sr. Unsecd. Note, 4.200%, 7/27/2026 | &nbsp;&nbsp; 1460775 |
| &nbsp;&nbsp; 1000000 | Minsur S.A., Sr. Unsecd. Note, REGS, 4.500%, 10/28/2031 | &nbsp;&nbsp; 893705 |
| &nbsp;&nbsp; 700000 | Nexa Resources SA, Sr. Unsecd. Note, 144A, 6.500%, 1/18/2028 | &nbsp;&nbsp; 694893 |
| &nbsp;&nbsp; 1000000 | Samarco Mineracao SA, Sr. Unsecd. Note, 144A, 5.375%, 9/26/2024 | &nbsp;&nbsp; 393000 |
| &nbsp;&nbsp; 500000<br><sup>2</sup> <br>| Samarco Mineracao SA, Sr. Unsecd. Note, REGS, 4.125%, 5/1/2023 | &nbsp;&nbsp; 187857 |
| &nbsp;&nbsp; 1000000 | Stillwater Mining Co., Sr. Unsecd. Note, REGS, 4.000%, 11/16/2026 | &nbsp;&nbsp; 926500 |
| &nbsp;&nbsp; 700000 | Vedanta Resources II PLC, Sr. Unsecd. Note, 144A, 13.875%, 1/21/2024 | &nbsp;&nbsp; 627036 |
| &nbsp;&nbsp; 500000 | Vedanta Resources II PLC, Sr. Unsecd. Note, REGS, 8.000%, 4/23/2023 | &nbsp;&nbsp; 477631 |
| &nbsp;&nbsp; 2300000 | Vedanta Resources II PLC, Sr. Unsecd. Note, REGS, 8.950%, 3/11/2025 | &nbsp;&nbsp; 1849188 |
| &nbsp;&nbsp; 2500000 | Vedanta Resources Ltd., Sr. Unsecd. Note, REGS, 6.125%, 8/9/2024 | &nbsp;&nbsp; 1894100 |
| &nbsp;&nbsp; 600000 | Vedanta Resources PLC, Sr. Unsecd. Note, REGS, 7.125%, 5/31/2023 | &nbsp;&nbsp; 566687 |
| &nbsp;&nbsp; 300000 | Vedanta Resources PLC, Sr. Unsecd. Note, REGS, 9.250%, 4/23/2026 | &nbsp;&nbsp; 229408 |
| &nbsp;&nbsp; 350000 | Vedanta Resources PLC, Sr. Unsecd. Note, REGS, 13.875%, 1/21/2024 | &nbsp;&nbsp; 313518 |
| &nbsp;&nbsp; 800000 | VM Holding S.A., Sr. Unsecd. Note, 144A, 5.375%, 5/4/2027 | &nbsp;&nbsp; 781600 |
| &nbsp;&nbsp; 2010000 | Volcan Compania Minera S.A.A., Sr. Unsecd. Note, REGS, 4.375%, 2/11/2026 | &nbsp;&nbsp; 1778488 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 30380748 |
|  | **Oil & Gas—6.3%** |  |
| &nbsp;&nbsp; 1500000 | AI Candelaria Spain SLU, Sec. Fac. Bond, 144A, 5.750%, 6/15/2033 | &nbsp;&nbsp; 1170080 |
| &nbsp;&nbsp; 706250 | AI Candelaria Spain SLU, Sec. Fac. Bond, REGS, 7.500%, 12/15/2028 | &nbsp;&nbsp; 672947 |
| &nbsp;&nbsp; 4300000 | Canacol Energy Ltd., Sr. Unsecd. Note, 144A, 5.750%, 11/24/2028 | &nbsp;&nbsp; 3811720 |
| &nbsp;&nbsp; 3000000 | Energean Israel Finance Ltd., Sec. Fac. Bond, 4.875%, 3/30/2026 | &nbsp;&nbsp; 2812500 |
| &nbsp;&nbsp; 1500000 | Frontera Energy Corp., Sr. Unsecd. Note, 144A, 7.875%, 6/21/2028 | &nbsp;&nbsp; 1326495 |
| &nbsp;&nbsp; 800000 | Frontera Energy Corp., Sr. Unsecd. Note, REGS, 7.875%, 6/21/2028 | &nbsp;&nbsp; 707464 |
| &nbsp;&nbsp; 1300000 | Geopark Ltd., Sr. Unsecd. Note, 144A, 5.500%, 1/17/2027 | &nbsp;&nbsp; 1155497 |
| &nbsp;&nbsp; 2600000 | Gran Tierra Energy, Inc., Sr. Unsecd. Note, REGS, 6.250%, 2/15/2025 | &nbsp;&nbsp; 2327889 |
| &nbsp;&nbsp; 2950000 | Gran Tierra Energy, Inc., Sr. Unsecd. Note, REGS, 7.750%, 5/23/2027 | &nbsp;&nbsp; 2510438 |
| &nbsp;&nbsp; 4552850 | Guara Norte Sarl, Sr. Note, 144A, 5.198%, 6/15/2034 | &nbsp;&nbsp; 4126703 |
| &nbsp;&nbsp; 2185000 | Hunt Oil Co. of Peru, Sr. Unsecd. Note, REGS, 6.375%, 6/1/2028 | &nbsp;&nbsp; 2103229 |
| &nbsp;&nbsp; 400000 | Koc Holding A.S., Sr. Unsecd. Note, 144A, 6.500%, 3/11/2025 | &nbsp;&nbsp; 395760 |
| &nbsp;&nbsp; 800000 | Kosmos Energy Ltd., Sr. Unsecd. Note, 144A, 7.500%, 3/1/2028 | &nbsp;&nbsp; 684280 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Oil & Gas—continued** |  |
| $1000000 | Kosmos Energy Ltd., Sr. Unsecd. Note, 144A, 7.750%, 5/1/2027 | $891245 |
| &nbsp;&nbsp; 1000000 | Kosmos Energy Ltd., Sr. Unsecd. Note, REGS, 7.125%, 4/4/2026 | &nbsp;&nbsp; 905740 |
| &nbsp;&nbsp; 1600000 | Leviathan Bond Ltd., Sr. Note, 6.500%, 6/30/2027 | &nbsp;&nbsp; 1580000 |
| &nbsp;&nbsp; 1350000 | MC Brazil Downstream Trading SARL, Sec. Fac. Bond, 144A, 7.250%, 6/30/2031 | &nbsp;&nbsp; 1179348 |
| &nbsp;&nbsp; 964902 | MC Brazil Downstream Trading SARL, Sec. Fac. Bond, REGS, 7.250%, 6/30/2031 | &nbsp;&nbsp; 842930 |
| &nbsp;&nbsp; 2430000 | Medco Bell Pte Ltd., Term Loan - 1st Lien, 144A, 6.375%, 1/30/2027 | &nbsp;&nbsp; 2336511 |
| &nbsp;&nbsp; 700000 | Medco Laurel Tree Pte. Ltd., Sr. Unsecd. Note, 144A, 6.950%, 11/12/2028 | &nbsp;&nbsp; 667544 |
| &nbsp;&nbsp; 750000 | Medco Platinum Road Pte. Ltd., 144A, 6.750%, 1/30/2025 | &nbsp;&nbsp; 744171 |
| &nbsp;&nbsp; 4282500 | Mv24 Captial Bv, Term Loan - 1st Lien, REGS, 6.748%, 6/1/2034 | &nbsp;&nbsp; 4090730 |
| &nbsp;&nbsp; 1414000 | Orazul Energy Egenor SCA, Sr. Unsecd. Note, REGS, 5.625%, 4/28/2027 | &nbsp;&nbsp; 1289639 |
| &nbsp;&nbsp; 2300000 | Peru LNG S.R.L., Sr. Unsecd. Note, REGS, 5.375%, 3/22/2030 | &nbsp;&nbsp; 1911001 |
| &nbsp;&nbsp; 500000<br><sup>1</sup> <br>| Petron Corp., Sr. Unsecd. Note, 5.950%, 4/19/2026 | &nbsp;&nbsp; 433750 |
| &nbsp;&nbsp; 1500000 | Puma International Financing SA, Sr. Unsecd. Note, 144A, 5.125%, 10/6/2024 | &nbsp;&nbsp; 1451010 |
| &nbsp;&nbsp; 1500000 | Reliance Industries Ltd., Sr. Unsecd. Note, 144A, 3.625%, 1/12/2052 | &nbsp;&nbsp; 1088429 |
| &nbsp;&nbsp; 500000 | SEPLAT Petroleum Development Co. PLC, Sr. Unsecd. Note, 144A, 7.750%, 4/1/2026 | &nbsp;&nbsp; 439220 |
| &nbsp;&nbsp; 800000 | Sierracol Energy Andina, LLC, Sr. Unsecd. Note, 144A, 6.000%, 6/15/2028 | &nbsp;&nbsp; 661044 |
| &nbsp;&nbsp; 3800000 | Sierracol Energy Andina, LLC, Sr. Unsecd. Note, REGS, 6.000%, 6/15/2028 | &nbsp;&nbsp; 3139957 |
| &nbsp;&nbsp; 563000 | Tullow Oil PLC, Sec. Fac. Bond, 144A, 10.250%, 5/15/2026 | &nbsp;&nbsp; 486336 |
| &nbsp;&nbsp; 2500000 | Tullow Oil PLC, Sr. Unsecd. Note, 144A, 7.000%, 3/1/2025 | &nbsp;&nbsp; 1780319 |
| &nbsp;&nbsp; 4000000 | Tupras Turkiye Petrol Rafinerileri A.S., Sr. Unsecd. Note, REGS, 4.500%, 10/18/2024 | &nbsp;&nbsp; 3838320 |
| &nbsp;&nbsp; 700000 | Vivo Energy Investments, Sr. Unsecd. Note, 144A, 5.125%, 9/24/2027 | &nbsp;&nbsp; 658000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 54220246 |
|  | **Other—0.1%** |  |
| &nbsp;&nbsp; 813585 | TransJamaican Highway Ltd., Sec. Fac. Bond, REGS, 5.750%, 10/10/2036 | &nbsp;&nbsp; 673241 |
|  | **Paper Products—0.2%** |  |
| &nbsp;&nbsp; 2000000 | Klabin Austria Gmbh, Sr. Unsecd. Note, REGS, 4.875%, 9/19/2027 | &nbsp;&nbsp; 1954440 |
|  | **Pharmaceuticals—0.2%** |  |
| &nbsp;&nbsp; 1500000 | Teva Pharmaceutical Finance Netherlands III BV, Sr. Unsecd. Note, 4.750%, 5/9/2027 | &nbsp;&nbsp; 1395000 |
|  | **Rail Industry—0.1%** |  |
| &nbsp;&nbsp; 361816 | Panama Canal Railway Co., Sec. Fac. Bond, 144A, 7.000%, 11/1/2026 | &nbsp;&nbsp; 371017 |
| &nbsp;&nbsp; 313600 | Panama Canal Railway Co., Sr. Note, REGS, 7.000%, 11/1/2026 | &nbsp;&nbsp; 321575 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 692592 |
|  | **Real Estate—1.3%** |  |
| &nbsp;&nbsp; 1000000 | Country Garden Holdings Co., 3.300%, 1/12/2031 | &nbsp;&nbsp; 587226 |
| &nbsp;&nbsp; 2700000 | Dar Al-Arkan Sukuk Co. Ltd., Sr. Unsecd. Note, 6.875%, 3/21/2023 | &nbsp;&nbsp; 2696738 |
| &nbsp;&nbsp; 3000000 | Longfor Properties, Sr. Unsecd. Note, 4.500%, 1/16/2028 | &nbsp;&nbsp; 2685000 |
| &nbsp;&nbsp; 2100000<br><sup>2,3,5</sup> <br>| Shimao Group Holdings Ltd., Sr. Unsecd. Note, 4.750%, 12/31/2099 | &nbsp;&nbsp; 501338 |
| &nbsp;&nbsp; 700000 | Trust Fibrauno, Sr. Unsecd. Note, 144A, 6.390%, 1/15/2050 | &nbsp;&nbsp; 616039 |
| &nbsp;&nbsp; 1200000 | Trust Fibrauno, Sr. Unsecd. Note, REGS, 4.869%, 1/15/2030 | &nbsp;&nbsp; 1103268 |
| &nbsp;&nbsp; 800000 | Trust Fibrauno, Sr. Unsecd. Note, REGS, 5.250%, 1/30/2026 | &nbsp;&nbsp; 781080 |
| &nbsp;&nbsp; 2000000 | Wanda Properties International Co., Sr. Unsecd. Note, 7.250%, 1/29/2024 | &nbsp;&nbsp; 1931812 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10902501 |
|  | **Retailers—0.9%** |  |
| &nbsp;&nbsp; 800000<br><sup>2,3</sup> <br>| Future Retail Ltd., Sec. Fac. Bond, 144A, 5.600%, 1/22/2025 | &nbsp;&nbsp; 27200 |
| &nbsp;&nbsp; 1100000 | Golden Eagle Retail Group Ltd., Sr. Unsecd. Note, REGS, 4.625%, 5/21/2023 | &nbsp;&nbsp; 1084677 |
| &nbsp;&nbsp; 300000 | Grupo Axo Sa De Cv, Sr. Unsecd. Note, 144A, 5.750%, 6/8/2026 | &nbsp;&nbsp; 265466 |
| &nbsp;&nbsp; 3050000 | Grupo Axo Sa De Cv, Sr. Unsecd. Note, REGS, 5.750%, 6/8/2026 | &nbsp;&nbsp; 2698905 |
| &nbsp;&nbsp; 850000 | InRetail Consumer, Sec. Fac. Bond, 144A, 3.250%, 3/22/2028 | &nbsp;&nbsp; 734957 |
| &nbsp;&nbsp; 2700000 | JD.com, Inc., Sr. Unsecd. Note, 3.875%, 4/29/2026 | &nbsp;&nbsp; 2623020 |

---

**11**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Retailers—continued** |  |
| $400000<br><sup>2,3</sup> <br>| JSM Global S.a r.l., Sr. Unsecd. Note, REGS, 4.750%, 10/20/2030 | $65596 |
| &nbsp;&nbsp; 1200000<br><sup>2,3,5</sup> <br>| Sri Rejeki Isman Tbk, Sr. Unsecd. Note, REGS, 7.250%, 1/16/2025 | &nbsp;&nbsp; 30000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7529821 |
|  | **Services—0.1%** |  |
| &nbsp;&nbsp; 500000 | Bukit Makmur Mandiri Utama, 144A, 7.750%, 2/10/2026 | &nbsp;&nbsp; 458975 |
| &nbsp;&nbsp; 800000 | Bukit Makmur Mandiri Utama, REGS, 7.750%, 2/10/2026 | &nbsp;&nbsp; 734360 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1193335 |
|  | **Sovereign—0.2%** |  |
| &nbsp;&nbsp; 1500000 | Sharjah Sukuk Program, Sr. Unsecd. Note, Series EMTN, 4.226%, 3/14/2028 | &nbsp;&nbsp; 1436811 |
|  | **Steel—0.9%** |  |
| &nbsp;&nbsp; 1800000 | Posco, Sr. Unsecd. Note, 144A, 4.375%, 8/4/2025 | &nbsp;&nbsp; 1754614 |
| &nbsp;&nbsp; 300000 | Posco, Sr. Unsecd. Note, 144A, 4.500%, 8/4/2027 | &nbsp;&nbsp; 294252 |
| &nbsp;&nbsp; 1500000 | Posco, Sr. Unsecd. Note, 144A, 5.625%, 1/17/2026 | &nbsp;&nbsp; 1522973 |
| &nbsp;&nbsp; 1350000 | Posco, Sr. Unsecd. Note, 144A, 5.750%, 1/17/2028 | &nbsp;&nbsp; 1394078 |
| &nbsp;&nbsp; 300000 | Posco, Sr. Unsecd. Note, 144A, 5.875%, 1/17/2033 | &nbsp;&nbsp; 317940 |
| &nbsp;&nbsp; 500000 | Usiminas International Ltd., Sr. Unsecd. Note, 144A, 5.875%, 7/18/2026 | &nbsp;&nbsp; 491990 |
| &nbsp;&nbsp; 1800000 | Usiminas International Ltd., Sr. Unsecd. Note, REGS, 5.875%, 7/18/2026 | &nbsp;&nbsp; 1771163 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7547010 |
|  | **Technology Services—0.8%** |  |
| &nbsp;&nbsp; 1000000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 4.200%, 12/6/2047 | &nbsp;&nbsp; 831060 |
| &nbsp;&nbsp; 2000000 | Baidu, Inc., Sr. Unsecd. Note, 3.425%, 4/7/2030 | &nbsp;&nbsp; 1823463 |
| &nbsp;&nbsp; 1500000 | Tencent Holdings Ltd., Sr. Unsecd. Note, 144A, 3.595%, 1/19/2028 | &nbsp;&nbsp; 1419890 |
| &nbsp;&nbsp; 1500000 | Tencent Holdings Ltd., Sr. Unsecd. Note, REGS, 5.692%, 4/11/2024 | &nbsp;&nbsp; 1495365 |
| &nbsp;&nbsp; 1300000 | Xiaomi Best Time International Ltd., Sr. Unsecd. Note, 144A, 3.375%, 4/29/2030 | &nbsp;&nbsp; 1091432 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6661210 |
|  | **Telecommunications & Cellular—3.3%** |  |
| &nbsp;&nbsp; 500000 | America Movil S.A.B. de C.V., Sr. Unsecd. Note, 144A, 5.375%, 4/4/2032 | &nbsp;&nbsp; 466840 |
| &nbsp;&nbsp; 800000 | Colombia Telecomunicaciones SA ESP, Sr. Unsecd. Note, REGS, 4.950%, 7/17/2030 | &nbsp;&nbsp; 699172 |
| &nbsp;&nbsp; 450000 | Digicel International Finance Ltd., 144A, 8.750%, 5/25/2024 | &nbsp;&nbsp; 387648 |
| &nbsp;&nbsp; 473550 | Digicel International Finance Ltd., Sr. Unsecd. Note, REGS, 13.000%, 12/31/2025 | &nbsp;&nbsp; 237350 |
| &nbsp;&nbsp; 1000000 | Digicel International Finance Ltd., Sub., REGS, 8.000%, 12/31/2026 | &nbsp;&nbsp; 445415 |
| &nbsp;&nbsp; 500000<br><sup>5</sup> <br>| Digicel Ltd., Sr. Unsecd. Note, REGS, 6.750%, 3/1/2023 | &nbsp;&nbsp; 189090 |
| &nbsp;&nbsp; 2000000 | HTA Group Ltd., Sr. Unsecd. Note, 144A, 7.000%, 12/18/2025 | &nbsp;&nbsp; 1889520 |
| &nbsp;&nbsp; 500000 | IHS Holding Ltd., Sr. Unsecd. Note, 144A, 6.250%, 11/29/2028 | &nbsp;&nbsp; 411095 |
| &nbsp;&nbsp; 3000000 | IHS Netherlands Holdco BV, Sr. Unsecd. Note, 144A, 8.000%, 9/18/2027 | &nbsp;&nbsp; 2715450 |
| &nbsp;&nbsp; 2300000 | IHS Netherlands Holdco BV, Sr. Unsecd. Note, REGS, 8.000%, 9/18/2027 | &nbsp;&nbsp; 2081845 |
| &nbsp;&nbsp; 2371000 | Kenbourne Invest SA, Sr. Unsecd. Note, 144A, 4.700%, 1/22/2028 | &nbsp;&nbsp; 1776545 |
| &nbsp;&nbsp; 435000 | Kenbourne Invest SA, Sr. Unsecd. Note, REGS, 6.875%, 11/26/2024 | &nbsp;&nbsp; 404963 |
| &nbsp;&nbsp; 1000000 | Millicom International Cellular S. A., Sr. Unsecd. Note, REGS, 4.500%, 4/27/2031 | &nbsp;&nbsp; 847880 |
| &nbsp;&nbsp; 851000 | MTN Mauritius Investment Ltd., Sr. Unsecd. Note, REGS, 4.755%, 11/11/2024 | &nbsp;&nbsp; 833129 |
| &nbsp;&nbsp; 500000<br><sup>1</sup> <br>| Network i2i Ltd., Sub. Deb., REGS, 5.650%, 1/15/2025 | &nbsp;&nbsp; 483125 |
| &nbsp;&nbsp; 2500000<br><sup>1</sup> <br>| Network i2i Ltd., Sub., 144A, 3.975%, 3/3/2026 | &nbsp;&nbsp; 2274141 |
| &nbsp;&nbsp; 1800000 | Telecom of Trin & Tobago, Sec. Fac. Bond, REGS, 8.875%, 10/18/2029 | &nbsp;&nbsp; 1584513 |
| &nbsp;&nbsp; 900000 | Telfon Celuar Del Paraguay, Sr. Unsecd. Note, 144A, 5.875%, 4/15/2027 | &nbsp;&nbsp; 838216 |
| &nbsp;&nbsp; 500000 | Telfon Celuar Del Paraguay, Sr. Unsecd. Note, REGS, 5.875%, 4/15/2027 | &nbsp;&nbsp; 465676 |
| &nbsp;&nbsp; 2500000 | Total Play Telecom, Sr. Unsecd. Note, REGS, 6.375%, 9/20/2028 | &nbsp;&nbsp; 2119550 |
| &nbsp;&nbsp; 2300000 | Total Play Telecom, Sr. Unsecd. Note, REGS, 7.500%, 11/12/2025 | &nbsp;&nbsp; 2148361 |
| &nbsp;&nbsp; 500000 | Turk Telekomunikasyon AS, Sr. Unsecd. Note, REGS, 4.875%, 6/19/2024 | &nbsp;&nbsp; 473650 |
| &nbsp;&nbsp; 2000000 | Turk Telekomunikasyon AS, Sr. Unsecd. Note, REGS, 6.875%, 2/28/2025 | &nbsp;&nbsp; 1909046 |

---

**12**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | CORPORATE BONDS—continued |  |
|  | **Telecommunications & Cellular—continued** |  |
| $1500000 | Turkcell Iletisim Hizmetleri A.S., Sr. Unsecd. Note, REGS, 5.750%, 10/15/2025 | $1417470 |
| &nbsp;&nbsp; 1440000 | VTR Comunicaciones SpA, Sec. Fac. Bond, 144A, 5.125%, 1/15/2028 | &nbsp;&nbsp; 1011168 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 28110858 |
|  | **Transportation—0.7%** |  |
| &nbsp;&nbsp; 3081028 | Acu Petroleo Luxembourg, Sec. Fac. Bond, 144A, 7.500%, 1/13/2032 | &nbsp;&nbsp; 2905009 |
| &nbsp;&nbsp; 200000 | Adani Ports and Special Economic Zone Limited, Sr. Unsecd. Note, REGS, 3.100%, 2/2/2031 | &nbsp;&nbsp; 144572 |
| &nbsp;&nbsp; 200000 | Adani Ports and Special Economic Zone Limited, Sr. Unsecd. Note, REGS, 4.000%, 7/30/2027 | &nbsp;&nbsp; 160994 |
| &nbsp;&nbsp; 200000 | Adani Ports and Special Economic Zone Limited, Sr. Unsecd. Note, REGS, 4.200%, 8/4/2027 | &nbsp;&nbsp; 163954 |
| &nbsp;&nbsp; 200000 | Adani Ports and Special Economic Zone Limited, Sr. Unsecd. Note, REGS, 4.375%, 7/3/2029 | &nbsp;&nbsp; 160564 |
| &nbsp;&nbsp; 700000 | Adani Ports and Special, Sr. Unsecd. Note, 144A, 5.000%, 8/2/2041 | &nbsp;&nbsp; 496033 |
| &nbsp;&nbsp; 1150000 | Rumo Luxembourg Sarl, Sr. Unsecd. Note, 144A, 4.200%, 1/18/2032 | &nbsp;&nbsp; 954523 |
| &nbsp;&nbsp; 1000000 | Simpar Europe SA, Sr. Unsecd. Note, 144A, 5.200%, 1/26/2031 | &nbsp;&nbsp; 731005 |
| &nbsp;&nbsp; 600000 | Transnet SOC Ltd., Sr. Unsecd. Note, 144A, 8.250%, 2/6/2028 | &nbsp;&nbsp; 604500 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6321154 |
|  | **Utility - Diversified—2.3%** |  |
| &nbsp;&nbsp; 500000 | Adani Green Energy Ltd., Term Loan - 1st Lien, REGS, 4.375%, 9/8/2024 | &nbsp;&nbsp; 389933 |
| &nbsp;&nbsp; 400000 | AES Argentina Generacion SA, Sr. Unsecd. Note, REGS, 7.750%, 2/2/2024 | &nbsp;&nbsp; 342136 |
| &nbsp;&nbsp; 2000000<br><sup>1</sup> <br>| AES Gener S.A., Jr. Sub. Note, REGS, 6.350%, 10/7/2079 | &nbsp;&nbsp; 1899070 |
| &nbsp;&nbsp; 1100000 | Enfragen Energia Sur Sa, REGS, 5.375%, 12/30/2030 | &nbsp;&nbsp; 786910 |
| &nbsp;&nbsp; 990000 | Enfragen Energia Sur Sa, Sr. Secd. Note, 144A, 5.375%, 12/30/2030 | &nbsp;&nbsp; 708219 |
| &nbsp;&nbsp; 300000 | Globeleq Mesoamerica, Sr. Note, 144A, 6.250%, 4/26/2029 | &nbsp;&nbsp; 286725 |
| &nbsp;&nbsp; 1241500 | Greenko Power II Ltd., Sr. Unsecd. Note, REGS, 4.300%, 12/13/2028 | &nbsp;&nbsp; 1073215 |
| &nbsp;&nbsp; 1400000 | Greenko Solar (Mauritius) Ltd., 144A, 5.950%, 7/29/2026 | &nbsp;&nbsp; 1320690 |
| &nbsp;&nbsp; 600000 | India Clean Energy Hldg, 144A, 4.500%, 4/18/2027 | &nbsp;&nbsp; 502137 |
| &nbsp;&nbsp; 550000 | India Green Power Hold, Sec. Fac. Bond, 144A, 4.000%, 2/22/2027 | &nbsp;&nbsp; 481795 |
| &nbsp;&nbsp; 445000 | Inkia Energy Ltd., Sr. Unsecd. Note, REGS, 5.875%, 11/9/2027 | &nbsp;&nbsp; 415975 |
| &nbsp;&nbsp; 1062000 | JSW Hydro Energy Ltd., Sec. Fac. Bond, 144A, 4.125%, 5/18/2031 | &nbsp;&nbsp; 905027 |
| &nbsp;&nbsp; 2149000 | KALLPA Generacion SA, Sr. Unsecd. Note, REGS, 4.125%, 8/16/2027 | &nbsp;&nbsp; 2012168 |
| &nbsp;&nbsp; 1400000 | KALLPA Generacion SA, Sr. Unsecd. Note, REGS, 4.875%, 5/24/2026 | &nbsp;&nbsp; 1363873 |
| &nbsp;&nbsp; 500000 | Listrindo Capital BV, Sr. Unsecd. Note, REGS, 4.950%, 9/14/2026 | &nbsp;&nbsp; 473697 |
| &nbsp;&nbsp; 213300 | LLPL Capital Pte. Ltd., 144A, 6.875%, 2/4/2039 | &nbsp;&nbsp; 198139 |
| &nbsp;&nbsp; 1050000 | Minejesa Capital BV, Sec. Fac. Bond, 144A, 5.625%, 8/10/2037 | &nbsp;&nbsp; 912072 |
| &nbsp;&nbsp; 1750000 | Mong Duong Finance Holdings B.V., 144A, 5.125%, 5/7/2029 | &nbsp;&nbsp; 1566250 |
| &nbsp;&nbsp; 900000 | ReNew Power Ltd., Term Loan - 1st Lien, REGS, 5.875%, 3/5/2027 | &nbsp;&nbsp; 859500 |
| &nbsp;&nbsp; 1300000 | Rio Energy SA / UGEN SA/ UENSA SA, 144A, 6.875%, 2/1/2025 | &nbsp;&nbsp; 988717 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| SMC Global Power Holdings Corp., Sr. Unsecd. Note, 7.000%, 10/21/2025 | &nbsp;&nbsp; 912500 |
| &nbsp;&nbsp; 1240000 | Termocandelaria Power, Sr. Unsecd. Note, REGS, 7.875%, 1/30/2029 | &nbsp;&nbsp; 1170703 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 19569451 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $343,217,503)<br>| &nbsp;&nbsp; 320331418 |
|  | PURCHASED CALL OPTIONS—0.0% |  |
| &nbsp;&nbsp;&nbsp; 1400000 | Bank of New York EUR CALL /USD PUT (CALL-Option), Exercise Price $1.109. Expiration Date 7/13/2023 | &nbsp;&nbsp; 22282 |
| &nbsp;&nbsp;&nbsp; 1400000 | JPMorgan AUD CALL/USD PUT (CALL-Option), Exercise Price $.7185. Expiration Date 7/13/2023 | &nbsp;&nbsp; 36767 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL PURCHASED CALL OPTIONS <br>(IDENTIFIED COST $53,326)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59049 |
|  | PURCHASED PUT OPTION—0.0% |  |
| &nbsp;&nbsp;&nbsp; 1400000 | JPMorgan USD PUT/CAD CALL (PUT-Option), Exercise Price $1.3225. Expiration Date 7/14/2023 <br>(IDENTIFIED COST $20,874)<br>| &nbsp;&nbsp; 23593 |

---

**13**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount,** <br> **Shares**<br> **or Contracts**<br>|  | **Value in**<br> **U.S. Dollars**<br>|
|  | EXCHANGE-TRADED FUND—0.1% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10507 | iShares MSCI India Index Fund <br>(IDENTIFIED COST $429,841)<br>| $429631 |
|  | INVESTMENT COMPANY—2.9% |  |
| 25106612 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 4.41%<sup>7</sup> <br>(IDENTIFIED COST $25,104,446)<br>| &nbsp;&nbsp; 25106612 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.0% <br>(IDENTIFIED COST $886,146,062)<br>| &nbsp;&nbsp; 851785838 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—1.0%<sup>8</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8583792 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL NET ASSETS—100% | $860369630 |

---

At January 31, 2023, 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>**Appreciation**<br>|
| **Long Futures:** |  |  |  |  |
| United States Treasury Long Bond Long Futures | 20 | $2597500 | March 2023 | $82309 |
| United States Treasury Notes 5-Year Long Futures | 45 | $4915898 | March 2023 | $54747 |
| United States Treasury Notes 10-Year Long Futures | 60 | $6870938 | March 2023 | $98302 |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | $235358 |

---

The average notional value of long contracts held by the Fund throughout the period was $13,016,084. This is based on the contracts held as of each month-end throughout the three-month fiscal period.

At January 31, 2023, the Fund had the following outstanding foreign exchange contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Settlement** <br>**Date**<br>| **Counterparty** | &nbsp;&nbsp; **Foreign** <br>**Currency** <br>**Units to** <br>**Deliver/Receive** | &nbsp;&nbsp; **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:** |  |  |  |  |  |
| 2/3/2023 | BNP Paribas SA | 1633560 | &nbsp;&nbsp; BRL | 1,633,560 BRL | $21345 |
| 2/3/2023 | BNP Paribas SA | 2168120 | &nbsp;&nbsp; BRL | 2,168,120 BRL | $27040 |
| 2/3/2023 | BNP Paribas SA | 2767350 | &nbsp;&nbsp; BRL | 2,767,350 BRL | $43989 |
| 2/7/2023 | Citibank N.A. | 41871750 | &nbsp;&nbsp; INR | 12,464,000,000 IDR | $(940) |
| 2/14/2023 | Citibank N.A. | 6199600000 | &nbsp;&nbsp; IDR | 2,800,000 EUR | $13445 |
| 2/14/2023 | Bank Of America, N.A. | 6264400000 | &nbsp;&nbsp; IDR | 400,000 GBP | $17375 |
| 2/15/2023 | HSBC Bank USA | 525200000 | KRW | 41,871,750 INR | $26811 |
| 2/15/2023 | Citibank N.A. | 1923050 | PEN | $499935 | $(378) |
| 2/15/2023 | HSBC Bank USA | 1524160 | PEN | $399900 | $(3964) |
| 2/28/2023 | Bank Of America, N.A. | 372156000 | CLP | 372,156,000 CLP | $40280 |
| 3/15/2023 | Morgan Stanley | 2498025000 | COP | 333,596,000 CLP | $30788 |
| 4/13/2023 | Morgan Stanley | 333596000 | CLP | 2,498,025,000 COP | $14784 |
| 4/17/2023 | BNP Paribas SA | 3355800000 | COP | 3,355,800,000 COP | $6572 |
| 4/27/2023 | Morgan Stanley | 9483272 | MXN | 525,200,000 KRW | $(8908) |

---

**14**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Settlement**<br> **Date**<br>| **Counterparty** | &nbsp;&nbsp; **Foreign**<br> **Currency**<br> **Units to**<br> **Deliver/Receive** | &nbsp;&nbsp; **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 Sold:** |  |  |  |  |  |
| 2/3/2023 | BNP Paribas SA | 1633560 | &nbsp;&nbsp; BRL | $302961 | $(18769) |
| 2/3/2023 | BNP Paribas SA | 2168120 | &nbsp;&nbsp; BRL | $403091 | $(23920) |
| 2/3/2023 | BNP Paribas SA | 2767350 | &nbsp;&nbsp; BRL | $510561 | $(34468) |
| 2/7/2023 | Credit Agricole CIB | 41871750 | &nbsp;&nbsp; INR | $499903 | $(11049) |
| 2/14/2023 | Bank Of America, N.A. | 12464000000 | &nbsp;&nbsp; IDR | $833300 | $2037 |
| 2/15/2023 | HSBC Bank USA | 525200000 | KRW | $406027 | $(20544) |
| 2/28/2023 | Citibank N.A. | 372156000 | CLP | $400004 | $(65597) |
| 3/15/2023 | HSBC Bank USA | 2498025000 | COP | $546254 | $15597 |
| 3/15/2023 | Bank Of America, N.A. | 2800000 | EUR | $2834719 | $(217309) |
| 4/13/2023 | Morgan Stanley | 333596000 | CLP | $411375 | $(3174) |
| 4/17/2023 | BNP Paribas SA | 3355800000 | COP | $724873 | $16617 |
| 4/27/2023 | Morgan Stanley | 400000 | GBP | 9,483,272 MXN | $10815 |
| &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 | $(121525) |

---

The average value at settlement date payable and receivable of foreign exchange contracts purchased and sold by the Fund throughout the period was $304,047 and $213,914, respectively. This is based on the contracts held as of each month-end throughout the three-month fiscal period.

At January 31, 2023, the Fund had the following open swap contracts:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** | **Credit Default Swap** |
| **Counterparty** | **Reference** <br>**Entity**<br>| **Buy/** <br>**Sell**<br>| **Pay/** <br>**Receive** <br>**Fixed Rate**<br>| **Expiration** <br>**Date**<br>| **Implied** <br>**Credit** <br>**Spread at** <br>**01/31/2023**<sup>9</sup> <br>| **Notional** <br>**Amount**<br>| **Market** <br>**Value**<br>| **Upfront** <br>**Premiums** <br>**Paid/** <br>**(Received)**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **OTC Swaps:** |  |  |  |  |  |  |  |  |  |
| Bank of America, N.A | Buy Protection on CDX | Buy | (1.000)% | 12/20/2027 | 2.60% | $3000000 | $193312 | $3170431 | $22882 |
| Bank of America, N.A | Buy Protection on CDX | Buy | (1.000)% | 12/20/2027 | 1.18% | $1800000 | $13933 | $2087002 | $(6634) |
| Bank of America, N.A | Buy Protection on CDX | Buy | (1.000)% | 12/20/2027 | 5.24% | $1800000 | $280368 | $1821058 | $(7125) |
| Bank of America, N.A | Sell Protection on CDX | Sell | &nbsp;&nbsp; 1.000% | 12/20/2027 | 5.77% | $8000000 | $(1376766) | $6640018 | $(16785) |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CREDIT DEFAULT SWAPS | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CREDIT DEFAULT SWAPS | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CREDIT DEFAULT SWAPS | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CREDIT DEFAULT SWAPS | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CREDIT DEFAULT SWAPS | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CREDIT DEFAULT SWAPS | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CREDIT DEFAULT SWAPS | $(889153) | $13718509 | $(7662) |

---

The average notional amount of credit default swap contracts held by the Fund throughout the period was $21,650,000. This is based on amounts held as of each month-end throughout the three-month fiscal period.

The average market value of purchased put and call options held by the Fund throughout the period was $5,898 and $14,762, respectively. This is based on amounts held as of each month-end throughout the three-month fiscal period.

At January 31, 2023, the Fund had the following outstanding written options contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Description** | **Number of** <br>**Contracts**<br>| **Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Exercise** <br>**Price**<br>| **Value** |
| **Call Option:** |  |  |  |  |  |  |
| JP Morgan | USD CALL/CAD PUT | (1400000) | $1400000 | July 2023 | $1.36 | $(15786) |
| **Put Options:** |  |  |  |  |  |  |
| Bank of New York | EUR PUT /USD CALL | (1400000) | $1400000 | July 2023 | $1.07 | $(18501) |
| JP Morgan | AUD PUT/USD CALL | (1400000) | $1400000 | July 2023 | $0.68 | $(24391) |
| &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $73,350) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $73,350) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $73,350) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $73,350) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $73,350) | &nbsp;&nbsp;&nbsp;&nbsp; (Premium Received $73,350) | $(58678) |

---

The average market value of written put and call options held by the Fund throughout the period was $10,723 and $3,947, respectively. This is based on amounts held as of each month-end throughout the three-month fiscal period.

Net Unrealized Appreciation (Depreciation) on Futures, Foreign Exchange Contracts and the value of Swap Contracts and Written Options Contracts is included in "Other Assets and Liabilities—Net."

**15**

------

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended January 31, 2023, were as follows:

---

| | |
|:---|:---|
|  | **Federated** <br>**Hermes** <br>**Institutional** <br>**Prime Value** <br>**Obligations Fund,** <br>**Institutional Shares**<br>|
| Value as of 10/31/2022 | $355782 |
| Purchases at Cost | $277212009 |
| Proceeds from Sales | $(252457542) |
| Change in Unrealized Appreciation/Depreciation | $2130 |
| Net Realized Gain/(Loss) | $(5767) |
| Value as of 1/31/2023 | $25106612 |
| Shares Held as of 1/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 25106612 |
| Dividend Income | $195431 |

---

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

---

| | |
|:---|:---|
| 1 | *Perpetual Bond Security. The maturity date reflects the next call date.* |
| 2 | *Issuer in default.* |
| 3 | *Non-income-producing security.* |
| 4 | *Zero coupon bond, reflects effective rate at time of purchase.* |
| 5 | *Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under* <br> *the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At January 31, 2023, these restricted securities amounted to $2,808,652,* <br> *which represented 0.3% of total net assets.*<br>|
| 6 | *Market quotations and price valuations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established* <br> *by and under the supervision of the Fund's Adviser acting through its Valuation Committee.*<br>|
| 7 | *7-day net yield.* |
| 8 | *Assets, other than investments in securities, less liabilities.* |
| 9 | *Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements serve as an indicator of the* <br> *current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular* <br> *referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit* <br> *spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined* <br> *under the terms of the agreement. A credit spread identified as "Defaulted" indicates a credit event has occurred for the referenced entity or obligation.*<br>|

---

Note: The categories of investments are shown as a percentage of total net assets at January 31, 2023.

**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").

◾ 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.

◾ 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.

◾ 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.

**16**

------

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act, the Fund's Board of Trustees (the "Trustees") have 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 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.

**17**

------

&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, 2023, 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 | $— | $505835535 | $— | $505835535 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 320126418 | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 320331418 |
| **Purchased Call Options** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59049 |
| **Purchased Put Option** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23593 |
| **Exchange-Traded Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429631 | &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; 429631 |
| **Investment Company** | &nbsp;&nbsp; 25106612 | &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; 25106612 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | $25536243 | $826044595 | $205000 | $851785838 |
| **Other Financial Instruments:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp; Futures Contracts | $235358 | $— | $— | $235358 |
| &nbsp;&nbsp; Foreign Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287495 |
| &nbsp;&nbsp; Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487613 |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp; Foreign Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (409020) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (409020) |
| &nbsp;&nbsp; Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1376766) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1376766) |
| &nbsp;&nbsp; Written Options Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (58678) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (58678) |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER FINANCIAL INSTRUMENTS | $235358 | $(1069356) | $— | $(833998) |

---

&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: |
| AUD | —Australian Dollar |
| BRL | —Brazilian Real |
| CLP | —Chilean Peso |
| COP | —Colombian Peso |
| EMTN | —Euro Medium Term Note |
| EUR | —Euro Currency |
| GBP | —British Pound |
| GMTN | —Global Medium Term Note |
| IDR | —Indonesian Rupiah |
| INR | —Indian Rupee |
| JSC | —Joint Stock Company |
| KRW | —Korean Won |
| MXN | —Mexican Peso |
| PEN | —Peruvian Nuevo Sol |
| USD | —United States Dollar |

---

**18**

------

## 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:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $868132879.36

**Total Liabilities:** $11982540.81

**Net Assets:** $856150338.55

**Cash Not Reported:** $1258313.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -173.996494000000 | **1-Year:** -6690.614051000000 | **5-Year:** -35289.504639000000 | **10-Year:** -28397.172045000000 | **30-Year:** -10934.931617000000

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

- **3-Month:** -1711.884032000000 | **1-Year:** -44651.839807000000 | **5-Year:** -136980.594690000000 | **10-Year:** -123851.198848000000 | **30-Year:** -43230.753924000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169915 | 7.65%                | 1.51%                | 4.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1788387.72             | $51461077.39                               |
| Month 2  | $-812666.72              | $8130976.65                                |
| Month 3  | $-353155.11              | $30419559.44                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADANI PORTS AND SPECIAL                                     | Adani Ports & Special Economic Zone Ltd                                                                                      | CUSIP: 00652MAJ1<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    700000 | PA      | $496033.48    | 0.06%             | 2041-08-02      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AEROPUERTOS ARGENT 2000                                     | Aeropuertos Argentina 2000 SA                                                                                                | CUSIP: 00786PAD6<br>LEI: 549300349K24AVAQ7B24 | Long             | DBT              | CORP              | AR        |    334033 | PA      | $308980.71    | 0.04%             | 2027-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| AI CANDELARIA SPAIN SLU                                     | AI Candelaria Spain SLU                                                                                                      | CUSIP: 00870WAA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |   1500000 | PA      | $1170080.43   | 0.14%             | 2033-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| AKBANK TAS                                                  | Akbank T.A.S.                                                                                                                | CUSIP: 00971YAG5<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |   1774000 | PA      | $1705913.88   | 0.20%             | 2026-02-06      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                                       | Alibaba Group Holding Ltd                                                                                                    | CUSIP: 01609WAV4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $831059.50    | 0.10%             | 2047-12-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ALSEA S.A.                                                  | Alsea SAB de CV                                                                                                              | CUSIP: 021151AA3<br>LEI: 4469000001BJLPKNUN21 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $1011320.00   | 0.12%             | 2026-12-14      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                          | Angolan Government International Bond                                                                                        | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   1800000 | PA      | $1662606.00   | 0.19%             | 2032-04-14      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentine Republic Government International Bond                                                                             | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |  19185876 | PA      | $6840353.22   | 0.80%             | 2030-07-09      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentine Republic Government International Bond                                                                             | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   6450000 | PA      | $1993851.09   | 0.23%             | 2046-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of Bahrain                                          | Bahrain Government International Bond                                                                                        | CUSIP: 05674RAG9<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    500000 | PA      | $515809.00    | 0.06%             | 2028-10-12      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BAIDU INC                                                   | Baidu Inc                                                                                                                    | CUSIP: 056752AR9<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $1823463.46   | 0.21%             | 2030-04-07      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                          | Bahrain Government International Bond                                                                                        | CUSIP: 05675M2D5<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   6200000 | PA      | $5618750.00   | 0.66%             | 2032-09-16      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| BANCO RESERVAS REP DOMIN                                    | Banco de Reservas de la Republica Dominicana                                                                                 | CUSIP: 059566AA7<br>LEI: 549300CKQT0JZ2EGNC56 | Long             | DBT              | CORP              | DO        |    500000 | PA      | $500000.00    | 0.06%             | 2023-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BANCO GENERAL SA                                            | Banco General SA                                                                                                             | CUSIP: 059597AF1<br>LEI: 549300B5C08LGDFB7205 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $172280.63    | 0.02%             | 2031-05-07      | Fixed         | 5.25%                 | 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        |    468000 | PA      | $459260.10    | 0.05%             | 2028-02-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| CSN RESOURCES SA                                            | CSN Resources SA                                                                                                             | CUSIP: 12644VAE8<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |   2500000 | PA      | $2274928.03   | 0.27%             | 2032-04-08      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CANACOL ENERGY LTD                                          | Canacol Energy Ltd                                                                                                           | CUSIP: 134808AD6<br>LEI: 549300X5MNRWPMSM9N14 | Long             | DBT              | CORP              | CA        |   4300000 | PA      | $3811720.04   | 0.45%             | 2028-11-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CAP SA                                                      | CAP SA                                                                                                                       | CUSIP: 13911YAA4<br>LEI: 54930079GPG23NTBB003 | Long             | DBT              | CORP              | CL        |   4000000 | PA      | $3330300.00   | 0.39%             | 2031-04-27      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                        | Colombia Government International Bond                                                                                       | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   8500000 | PA      | $6253394.24   | 0.73%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                               | PURCHASED INR / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |         1 | NC      | $-940.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                    | PURCHASED USD / SOLD BRL                                                                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-34468.42    | -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      | $16617.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                | Ecopetrol SA                                                                                                                 | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   6600000 | PA      | $4560818.46   | 0.53%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE ENTRE RIOS                                     | Provincia de Entre Rios Argentina                                                                                            | CUSIP: 29384NAA2<br>LEI: 529900YISSWARKQRS409 | Long             | DBT              | NUSS              | AR        |    186484 | PA      | $137065.74    | 0.02%             | 2028-08-08      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HTA GROUP LTD                                               | HTA Group Ltd/Mauritius                                                                                                      | CUSIP: 40435WAB6<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |   2000000 | PA      | $1889520.00   | 0.22%             | 2025-12-18      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                           | Jordan Government International Bond                                                                                         | CUSIP: 418097AL5<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |   1300000 | PA      | $1196605.80   | 0.14%             | 2030-07-07      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| INDIKA ENERGY CAPITAL IV                                    | Indika Energy Capital IV Pte Ltd                                                                                             | CUSIP: 45569GAA0<br>LEI: 254900LQ197HY24XVH34 | Long             | DBT              | CORP              | SG        |    500000 | PA      | $502188.66    | 0.06%             | 2025-10-22      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| INVERSIONES ATLANTIDA SA                                    | Inversiones Atlantida SA                                                                                                     | CUSIP: 46137GAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | HN        |    500000 | PA      | $455887.50    | 0.05%             | 2026-05-19      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| IOCHPE-MAX/MAX WHEELS MX                                    | Iochpe-Maxion Austria GmbH / Maxion Wheels de Mexico S de RL de CV                                                           | CUSIP: 46188AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | AT        |   2050000 | PA      | $1720494.19   | 0.20%             | 2028-05-07      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                                        | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                                                                       | CUSIP: 46590XAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    800000 | PA      | $786448.00    | 0.09%             | 2033-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                           | Kenya Government International Bond                                                                                          | CUSIP: 491798AL8<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    600000 | PA      | $461400.00    | 0.05%             | 2034-01-23      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| KOC Holding AS                                              | KOC Holding AS                                                                                                               | CUSIP: 49989AAC3<br>LEI: 7890005U0H950VH19H45 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $395760.00    | 0.05%             | 2025-03-11      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LLPL Capital Pte Ltd                                        | LLPL Capital Pte Ltd                                                                                                         | CUSIP: 50201PAA4<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |    213300 | PA      | $198139.46    | 0.02%             | 2039-02-04      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| MULTIBANK INC.                                              | Multibank Inc                                                                                                                | CUSIP: 625454AB9<br>LEI: 549300QXX3SGZZ4OEU72 | Long             | DBT              | CORP              | PA        |   1000000 | PA      | $1015240.00   | 0.12%             | 2028-02-03      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| NPC UKRENERGO                                               | NPC Ukrenergo                                                                                                                | CUSIP: 63718LAA2<br>LEI: 8945009LCLS92V4AK321 | Long             | DBT              | CORP              | UA        |    450000 | PA      | $82532.43     | 0.01%             | 2028-11-09      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |  16500000 | PA      | $13718684.76  | 1.60%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| POSCO                                                       | POSCO                                                                                                                        | CUSIP: 73730EAA1<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |   1800000 | PA      | $1754614.40   | 0.20%             | 2025-08-04      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| POSCO                                                       | POSCO                                                                                                                        | CUSIP: 73730EAE3<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |    300000 | PA      | $317939.94    | 0.04%             | 2033-01-17      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SK HYNIX INC                                                | SK Hynix Inc                                                                                                                 | CUSIP: 78392BAE7<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    750000 | PA      | $761951.21    | 0.09%             | 2028-01-17      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                        | Samarco Mineracao SA                                                                                                         | CUSIP: 79586KAD3<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |   1000000 | PA      | $393000.00    | 0.05%             | 2024-09-26      | None          | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SASOL Financing USA LLC                                     | SASOL Financing USA LLC                                                                                                      | CUSIP: 80386WAA3<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2972655.00   | 0.35%             | 2024-03-27      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                          | Serbia International Bond                                                                                                    | CUSIP: 817477AH5<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    300000 | PA      | $300570.00    | 0.04%             | 2033-09-26      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa                                    | Republic of South Africa Government International Bond                                                                       | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   2500000 | PA      | $1815950.00   | 0.21%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TELFON CELUAR DEL PARAGU                                    | Telefonica Celular del Paraguay SA                                                                                           | CUSIP: 87936VAB3<br>LEI: 254900R8A8IKGF4THL54 | Long             | DBT              | CORP              | PY        |    900000 | PA      | $838216.07    | 0.10%             | 2027-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BIDVEST GROUP UK PLC                                        | Bidvest Group UK PLC/The                                                                                                     | CUSIP: 88332EAA1<br>LEI: 984500A80C777F496830 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1382475.00   | 0.16%             | 2026-09-23      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                              | Trust Fibra Uno                                                                                                              | CUSIP: 898339AB2<br>LEI: N/A                  | Long             | DBT              |  | MX        |    700000 | PA      | $616038.50    | 0.07%             | 2050-01-15      | Fixed         | 6.39%                 | Yes           |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CK4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   3500000 | PA      | $3088750.00   | 0.36%             | 2026-10-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CL2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2500000 | PA      | $2265000.00   | 0.26%             | 2027-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CT5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   3500000 | PA      | $3271100.00   | 0.38%             | 2029-04-26      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                       | Mexico Government International Bond                                                                                         | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1900000 | PA      | $2016937.97   | 0.24%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| VIVO ENERGY INVESTMENTS                                     | Vivo Energy Investments BV                                                                                                   | CUSIP: 92856HAB0<br>LEI: 724500P3OXMB2IERLM56 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $658000.00    | 0.08%             | 2027-09-24      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Bank of America N.A.                                        | Long: SPLW1F4G9 CDS USD R V 03MEVENT SPLW1F4G9_PRO SOVEREIGN / Short: SPLW1F4G9 CDS USD P F  1.00000 SPLW1F4G9_FEE SOVEREIGN | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              |  | US        |   3000000 | OU      | $193312.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US LONG BOND(CBT) MAR23                                                                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        20 | NC      | $82308.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon                                     | BKP000171 EUR PUT USD CALL                                                                                                   | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |  -1400000 | OU      | $-18501.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                    | JPP001105 AUD PUT USD CALL                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |  -1400000 | OU      | $-24390.80    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                          | Leviathan Bond Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |   1600000 | PA      | $1580000.00   | 0.18%             | 2027-06-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ISRAEL ELECTRIC CORP LTD                                    | Israel Electric Corp Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |    400000 | PA      | $357740.40    | 0.04%             | 2032-02-22      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| AI CANDELARIA SPAIN SLU                                     | AI Candelaria Spain SA                                                                                                       | CUSIP: 000000000<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |    706250 | PA      | $672946.78    | 0.08%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                           | Vedanta Resources Finance II PLC                                                                                             | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $229408.40    | 0.03%             | 2026-04-23      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| USIMINAS INTERNATIONAL                                      | Usiminas International Sarl                                                                                                  | CUSIP: 000000000<br>LEI: 529900KLYX6QPXVIVP43 | Long             | DBT              | CORP              | LU        |   1800000 | PA      | $1771163.17   | 0.21%             | 2026-07-18      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                     | El Salvador Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |   3640000 | PA      | $1994201.85   | 0.23%             | 2027-01-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                                     | Bahamas Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |   1700000 | PA      | $1459281.90   | 0.17%             | 2032-10-15      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| ALSEA S.A.                                                  | Alsea SAB de CV                                                                                                              | CUSIP: 000000000<br>LEI: 4469000001BJLPKNUN21 | Long             | DBT              | CORP              | MX        |   1900000 | PA      | $1921508.00   | 0.22%             | 2026-12-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AES ARGENTINA GENERACION                                    | AES Argentina Generacion SA                                                                                                  | CUSIP: 000000000<br>LEI: 529900B8V2PQYTG6L754 | Long             | DBT              | CORP              | AR        |    400000 | PA      | $342136.00    | 0.04%             | 2024-02-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AEROPUERTO INTL TOCUMEN                                     | Aeropuerto Internacional de Tocumen SA                                                                                       | CUSIP: 00787CAE2<br>LEI: 254900FO1PHX49ZIGB14 | Long             | DBT              | CORP              | PA        |    800000 | PA      | $653156.02    | 0.08%             | 2061-08-11      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                      | Egypt Government International Bond                                                                                          | CUSIP: 03846JAE0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1000000 | PA      | $730630.00    | 0.09%             | 2033-09-30      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| BANCO GNB SUDAMERIS SA                                      | Banco GNB Sudameris SA                                                                                                       | CUSIP: 000000000<br>LEI: 549300SO7QUETMQD9D84 | Long             | DBT              | CORP              | CO        |    850000 | PA      | $668806.49    | 0.08%             | 2031-04-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                          | Dominican Republic International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   6450000 | PA      | $4954388.00   | 0.58%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentine Republic Government International Bond                                                                             | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |  26892671 | PA      | $8264559.64   | 0.97%             | 2035-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                          | Bahrain Government International Bond                                                                                        | CUSIP: 05675M2J2<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   4000000 | PA      | $3540464.00   | 0.41%             | 2034-05-18      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| BANISTMO SA                                                 | Banistmo SA                                                                                                                  | CUSIP: 06034LAB6<br>LEI: 549300E94AMW3HSSMU17 | Long             | DBT              | CORP              | PA        |    750000 | PA      | $683403.75    | 0.08%             | 2027-07-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| DEVT BANK OF MONGOLIA                                       | Development Bank of Mongolia LLC                                                                                             | CUSIP: 25161AAA7<br>LEI: 254900HRWK3OKXS9UW60 | Long             | DBT              | NUSS              | MN        |    500000 | PA      | $482315.00    | 0.06%             | 2023-10-23      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CYDSA SAB DE CV                                             | Cydsa SAB de CV                                                                                                              | CUSIP: 000000000<br>LEI: 4469000001BNTACN9916 | Long             | DBT              | CORP              | MX        |   5700000 | PA      | $5512983.00   | 0.64%             | 2027-10-04      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LA CONSTRUCCION SA                                          | Inversiones La Construccion SA                                                                                               | CUSIP: 000000000<br>LEI: 254900IMQ8BOPW9UKX13 | Long             | DBT              | CORP              | CL        |    900000 | PA      | $752562.00    | 0.09%             | 2032-02-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                                    | Digicel International Finance Ltd / Digicel Holdings Bermuda Ltd                                                             | CUSIP: 25381VAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    450000 | PA      | $387648.18    | 0.05%             | 2024-05-25      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                                       | GC Treasury Center Co Ltd                                                                                                    | CUSIP: 36830DAC5<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |    600000 | PA      | $452032.78    | 0.05%             | 2051-03-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NEMAK SAB DE CV                                             | Nemak SAB de CV                                                                                                              | CUSIP: 000000000<br>LEI: 5493000MY3DAIB0BP706 | Long             | DBT              | CORP              | MX        |   2000000 | PA      | $1616650.00   | 0.19%             | 2031-06-28      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                        | Paraguay Government International Bond                                                                                       | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   1800000 | PA      | $1578377.66   | 0.18%             | 2033-06-28      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                           | Ghana Government International Bond                                                                                          | CUSIP: 37443GAN1<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    700000 | PA      | $252000.00    | 0.03%             | 2042-05-07      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| INRETAIL CONSUMER                                           | InRetail Consumer                                                                                                            | CUSIP: 45790TAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    850000 | PA      | $734956.81    | 0.09%             | 2028-03-22      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Petroleos del Peru SA                                       | Petroleos del Peru SA                                                                                                        | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |   3800000 | PA      | $2539616.00   | 0.30%             | 2047-06-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Samarco Mineracao SA                                        | Samarco Mineracao SA                                                                                                         | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    500000 | PA      | $187857.02    | 0.02%             | 2022-11-01      | None          | 4.12%                 | No            |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                                        | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                                                                       | CUSIP: 46590XAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    800000 | PA      | $784078.72    | 0.09%             | 2028-02-01      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| MOVIDA EUROPE SA                                            | Movida Europe SA                                                                                                             | CUSIP: 62459LAA7<br>LEI: 549300YRJE0V6QKU7C86 | Long             | DBT              | CORP              | LU        |   1850000 | PA      | $1354967.75   | 0.16%             | 2031-02-08      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| TELFON CELUAR DEL PARAGU                                    | Telefonica Celular del Paraguay SA                                                                                           | CUSIP: 000000000<br>LEI: 254900R8A8IKGF4THL54 | Long             | DBT              | CORP              | PY        |    500000 | PA      | $465675.60    | 0.05%             | 2027-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TOTAL PLAY TELECOM                                          | Total Play Telecomunicaciones SA de CV                                                                                       | CUSIP: 000000000<br>LEI: 4469000001BSAPAMOQ06 | Long             | DBT              | CORP              | MX        |   2300000 | PA      | $2148361.00   | 0.25%             | 2025-11-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                         | Muthoot Finance Ltd                                                                                                          | CUSIP: 62828M2B6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    800000 | PA      | $787640.00    | 0.09%             | 2023-09-02      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ORYX FUNDING LTD                                            | Oryx Funding Ltd                                                                                                             | CUSIP: 67114NAA9<br>LEI: 549300S728CF0BBRC295 | Long             | DBT              | CORP              | KY        |   3400000 | PA      | $3354236.00   | 0.39%             | 2031-02-03      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                              | Trust Fibra Uno                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | MX        |   1200000 | PA      | $1103268.00   | 0.13%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| AZUL INVESTMENTS LLP                                        | Azul Investments LLP                                                                                                         | CUSIP: 000000000<br>LEI: 549300C6XNC8IDH04C74 | Long             | DBT              | CORP              | US        |    300000 | PA      | $181548.82    | 0.02%             | 2026-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $748006.20    | 0.09%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                     | Sasol Financing USA LLC                                                                                                      | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2621220.00   | 0.31%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GREENKO POWER II LTD                                        | Greenko Power II Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900YYA4B6O2O4JM12 | Long             | DBT              | CORP              | MU        |   1241500 | PA      | $1073215.27   | 0.13%             | 2028-12-13      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                     | Adani Ports & Special Economic Zone Ltd                                                                                      | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $160563.63    | 0.02%             | 2029-07-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SEPLAT ENERGY PL                                            | SEPLAT Petroleum Development Co Plc                                                                                          | CUSIP: 81733LAB3<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |    500000 | PA      | $439220.00    | 0.05%             | 2026-04-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CA6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   3400000 | PA      | $3393948.00   | 0.40%             | 2023-03-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DELHI INTL AIRPORT                                          | Delhi International Airport Ltd                                                                                              | CUSIP: 000000000<br>LEI: 335800HBF5DARYMEUD12 | Long             | DBT              | CORP              | IN        |    500000 | PA      | $473000.00    | 0.06%             | 2029-06-04      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| JSW STEEL LTD                                               | JSW Steel Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |   4500000 | PA      | $3982963.91   | 0.47%             | 2027-04-05      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CF5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2700000 | PA      | $2647566.00   | 0.31%             | 2024-03-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                                        | Unigel Luxembourg SA                                                                                                         | CUSIP: 904752AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1400000 | PA      | $1416304.92   | 0.17%             | 2026-10-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                                          | JSW Infrastructure Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |    350000 | PA      | $310543.18    | 0.04%             | 2029-01-21      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                          | Mongolia Government International Bond                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |    600000 | PA      | $559500.00    | 0.07%             | 2026-04-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                                        | Long: SPF81GV69 CDS USD R V 03MEVENT SPF81GV69_PRO CORPORATE / Short: SPF81GV69 CDS USD P F  1.00000 SPF81GV69_FEE CORPORATE | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              |  | US        |   1800000 | OU      | $280368.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| 1MDB GLOBAL INVESTMENTS                                     | 1MDB Global Investments Ltd                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |   1000000 | PA      | $981779.28    | 0.11%             | 2023-03-09      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| WANDA PROPERTIES INTL                                       | Wanda Properties International Co Ltd                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |   2000000 | PA      | $1931812.00   | 0.23%             | 2024-01-29      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | ARGENTINA BONAR BONDS                                                                                                        | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |  11200000 | PA      | $3332000.00   | 0.39%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GRUPO AVAL LTD                                              | Grupo Aval Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 549300J4FW1ELLQ80113 | Long             | DBT              | CORP              | KY        |   1450000 | PA      | $1203536.25   | 0.14%             | 2030-02-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                     | Pakistan Government International Bond                                                                                       | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |   1100000 | PA      | $570904.40    | 0.07%             | 2025-09-30      | Fixed         | 8.25%                 | 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        |    800000 | PA      | $720000.00    | 0.08%             | 2027-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Panama Canal Railway Co                                     | Panama Canal Railway Co                                                                                                      | CUSIP: 000000000<br>LEI: 213800RP74K9SLU23Y87 | Long             | DBT              | CORP              | KY        |    313600 | PA      | $321574.85    | 0.04%             | 2026-11-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| AEROPUERTOS ARGENT 2000                                     | Aeropuertos Argentina 2000 SA                                                                                                | CUSIP: 000000000<br>LEI: 549300349K24AVAQ7B24 | Long             | DBT              | CORP              | AR        |    939000 | PA      | $841952.67    | 0.10%             | 2031-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                           | Kenya Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   2000000 | PA      | $1566640.00   | 0.18%             | 2048-02-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AL AHLI BANK OF KUWAIT                                      | Al Ahli Bank of Kuwait KSCP                                                                                                  | CUSIP: 000000000<br>LEI: 254900PGVVLJTOEWLL80 | Long             | DBT              | CORP              | KW        |   2000000 | PA      | $1989274.00   | 0.23%             | 2023-09-26      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DAR AL-ARKAN SUKUK CO LT                                    | Dar Al-Arkan Sukuk Co Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 5493000UYHRBXEIYUQ69 | Long             | DBT              | CORP              | KY        |   2700000 | PA      | $2696738.40   | 0.31%             | 2023-03-21      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| OIL & GAS HOLDING                                           | Oil and Gas Holding Co BSCC/The                                                                                              | CUSIP: 000000000<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |    837000 | PA      | $858695.04    | 0.10%             | 2024-11-07      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                                        | Kallpa Generacion SA                                                                                                         | CUSIP: 000000000<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |   1400000 | PA      | $1363873.00   | 0.16%             | 2026-05-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                                      | Eskom Holdings SOC Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |   6000000 | PA      | $5915280.00   | 0.69%             | 2023-08-06      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| QNB Finansbank AS/Turkey                                    | QNB Finansbank AS                                                                                                            | CUSIP: 000000000<br>LEI: 789000Q21SW842S9IJ58 | Long             | DBT              | CORP              | TR        |   2200000 | PA      | $2237252.60   | 0.26%             | 2024-09-07      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                      | Egypt Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    800000 | PA      | $609625.19    | 0.07%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                                           | Banque Centrale de Tunisie International Bond                                                                                | CUSIP: 000000000<br>LEI: 254900B5LFB16S9T2T11 | Long             | DBT              | NUSS              | TN        |    500000 | PA      | $324760.00    | 0.04%             | 2025-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                 | Ivory Coast Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1000000 | PA      | $886624.00    | 0.10%             | 2033-06-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                      | Egypt Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   2500000 | PA      | $1901960.00   | 0.22%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL CORP                                             | San Miguel Corp                                                                                                              | CUSIP: 000000000<br>LEI: 549300AGC9NFF12PHN68 | Long             | DBT              | CORP              | PH        |    500000 | PA      | $469875.00    | 0.05%             | 2025-07-29      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                     | Adani Ports & Special Economic Zone Ltd                                                                                      | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $160994.23    | 0.02%             | 2027-07-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MHP Lux SA                                                  | MHP Lux SA                                                                                                                   | CUSIP: 000000000<br>LEI: 222100RHC7R1WZ1J3M44 | Long             | DBT              | CORP              | LU        |   3000000 | PA      | $1469940.00   | 0.17%             | 2026-04-03      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                         | Senegal Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    500000 | PA      | $380097.10    | 0.04%             | 2037-06-08      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                                      | Industrial & Commercial Bank of China Ltd                                                                                    | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |   1000000 | PA      | $949375.00    | 0.11%             | 2026-09-24      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                         | Nigeria Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   1000000 | PA      | $692500.00    | 0.08%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd                                      | Eskom Holdings SOC Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |   3100000 | PA      | $2984441.30   | 0.35%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                      | Egypt Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   3000000 | PA      | $2117682.00   | 0.25%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| SMC GLOBAL POWER HLDGS                                      | SMC Global Power Holdings Corp                                                                                               | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |   1000000 | PA      | $912500.00    | 0.11%             | 2025-10-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                          | Bahrain Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   1000000 | PA      | $882200.00    | 0.10%             | 2033-01-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                           | Ghana Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   2000000 | PA      | $740000.00    | 0.09%             | 2029-04-07      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ACCESS BANK PLC                                             | Access Bank PLC                                                                                                              | CUSIP: 00434G2C3<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |    800000 | PA      | $665520.00    | 0.08%             | 2026-10-07      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                                     | Bahamas Government International Bond                                                                                        | CUSIP: 056732AL4<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |    800000 | PA      | $686720.90    | 0.08%             | 2032-10-15      | Fixed         | 8.95%                 | Yes           |                  2 | On Loan: No      |
| BANCO CONTINENTAL S.A.E.                                    | Banco Continental SAECA                                                                                                      | CUSIP: 059490AB8<br>LEI: 8945005Q0D60A6FCEM55 | Long             | DBT              | CORP              | PY        |   1000000 | PA      | $894985.00    | 0.10%             | 2025-12-10      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                           | Gabon Government International Bond                                                                                          | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |    800000 | PA      | $673171.20    | 0.08%             | 2031-11-24      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                          | Morocco Government International Bond                                                                                        | CUSIP: 617726AM6<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |   1250000 | PA      | $858077.50    | 0.10%             | 2050-12-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                    | OCP SA                                                                                                                       | CUSIP: 67091TAE5<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   3800000 | PA      | $2997592.00   | 0.35%             | 2051-06-23      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | OMAN GOVERNMENT INTERNATIONAL BOND                                                                                           | CUSIP: 682051AH0<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   3000000 | PA      | $3018300.00   | 0.35%             | 2028-01-17      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | Oman Government International Bond                                                                                           | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   2000000 | PA      | $2069840.00   | 0.24%             | 2031-01-25      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   9000000 | PA      | $7858473.30   | 0.92%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   8860000 | PA      | $8026289.95   | 0.94%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BUKIT MAKMUR MANDIRI UTA                                    | Bukit Makmur Mandiri Utama PT                                                                                                | CUSIP: 74445NAB3<br>LEI: 254900Z05E8W7X31K395 | Long             | DBT              | CORP              | ID        |    500000 | PA      | $458975.00    | 0.05%             | 2026-02-10      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA                                      | SierraCol Energy Andina LLC                                                                                                  | CUSIP: 82653LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $661043.54    | 0.08%             | 2028-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                     | Teva Pharmaceutical Finance Netherlands III BV                                                                               | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1500000 | PA      | $1347660.00   | 0.16%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| XP INC                                                      | XP Inc                                                                                                                       | CUSIP: 98379XAA2<br>LEI: 5493008KDA8NBZRJST80 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $719562.59    | 0.08%             | 2026-07-01      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentina Bonar Bonds                                                                                                        | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   2000000 | PA      | $620000.00    | 0.07%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| MX REMIT FUND FIDUC EST                                     | Mexico Remittances Funding Fiduciary Estate Management Sarl                                                                  | CUSIP: 000000000<br>LEI: 54930007WQ6S3GFCM563 | Long             | DBT              | CORP              | LU        |   2100000 | PA      | $1940467.81   | 0.23%             | 2028-01-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| BANCO VOTORANTIM                                            | Banco Votorantim SA                                                                                                          | CUSIP: 05967CAF0<br>LEI: X2EUTZGMHS8RBQFIUS93 | Long             | DBT              | CORP              | BR        |    750000 | PA      | $721833.75    | 0.08%             | 2025-07-29      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                    | Banco BTG Pactual SA/Cayman Islands                                                                                          | CUSIP: 05971AAG6<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |   2000000 | PA      | $1837000.00   | 0.21%             | 2026-01-11      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                           | Chile Government International Bond                                                                                          | CUSIP: 168863DQ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1000000 | PA      | $658170.05    | 0.08%             | 2061-01-22      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                    | Banco do Brasil SA/Cayman                                                                                                    | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |   1500000 | PA      | $1505600.18   | 0.18%             | 2023-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FRIGORIFICO CONCEPCION                                      | Frigorifico Concepcion SA                                                                                                    | CUSIP: 000000000<br>LEI: 529900Q6VZVL47QJCQ91 | Long             | DBT              | CORP              | PY        |   2200000 | PA      | $1771176.00   | 0.21%             | 2028-07-21      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                        | Colombia Government International Bond                                                                                       | CUSIP: 195325DL6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   4000000 | PA      | $3618331.28   | 0.42%             | 2027-04-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                              | PURCHASED USD / SOLD BRL                                                                                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-18769.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                              | Trust Fibra Uno                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | MX        |    800000 | PA      | $781080.00    | 0.09%             | 2026-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                           | Lebanon Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |   1700000 | PA      | $109225.00    | 0.01%             | 2022-10-04      | None          | 6.10%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                               | PURCHASED IDR / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | ID        |         1 | NC      | $13444.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                          | PURCHASED PEN / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | PE        |         1 | NC      | $-3964.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                      | Egypt Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1000000 | PA      | $919760.00    | 0.11%             | 2025-06-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MINMETALS BOUNTEOUS FIN                                     | Minmetals Bounteous Finance BVI Ltd                                                                                          | CUSIP: 000000000<br>LEI: 3003005FATJ63Y0MR949 | Long             | DBT              | CORP              | VG        |   1500000 | PA      | $1460775.00   | 0.17%             | 2026-07-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                                    | Puma International Financing SA                                                                                              | CUSIP: 000000000<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |   1500000 | PA      | $1451010.00   | 0.17%             | 2024-10-06      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                             | Nigeria Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   2300000 | PA      | $1886000.00   | 0.22%             | 2027-11-28      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NBM US Holdings Inc                                         | NBM US Holdings Inc                                                                                                          | CUSIP: 62877VAA9<br>LEI: 5493008K1QMSP0J8UC24 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3001350.00   | 0.35%             | 2026-05-14      | Fixed         | 7.00%                 | 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      | $961790.00    | 0.11%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                         | PURCHASED CLP / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CL        |         1 | NC      | $14783.95     | 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      | $6572.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                                       | MAF Global Securities Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $1980000.00   | 0.23%             | 2026-03-20      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                           | Ghana Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    500000 | PA      | $183750.00    | 0.02%             | 2032-03-26      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Kingdom Of Bahrain                                          | Bahrain Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   4000000 | PA      | $3720944.00   | 0.43%             | 2031-09-30      | Fixed         | 5.63%                 | 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      |
| Morgan Stanley Capital Services LLC                         | PURCHASED USD / SOLD CLP                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-3174.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                                        | PURCHASED USD / SOLD IDR                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $2037.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                          | Angolan Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   1700000 | PA      | $1575832.00   | 0.18%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HLDGS                                        | Country Garden Holdings Co Ltd                                                                                               | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $587226.05    | 0.07%             | 2031-01-12      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| GEOPARK LTD                                                 | Geopark Ltd                                                                                                                  | CUSIP: 37255BAB5<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |   1300000 | PA      | $1155496.78   | 0.13%             | 2027-01-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| INDIA CLEAN ENERGY HLDG                                     | India Clean Energy Holdings                                                                                                  | CUSIP: 45409MAA1<br>LEI: 254900XQFJ9593DCY022 | Long             | DBT              | CORP              | MU        |    600000 | PA      | $502136.75    | 0.06%             | 2027-04-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD                                       | Investment Energy Resources Ltd                                                                                              | CUSIP: 46143NAB6<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |    300000 | PA      | $286725.19    | 0.03%             | 2029-04-26      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                                        | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                                                                       | CUSIP: 46590XAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    300000 | PA      | $306850.50    | 0.04%             | 2052-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Oztel Holdings SPC Ltd                                      | OZTEL HOLDINGS SPC LTD                                                                                                       | CUSIP: 692733AB4<br>LEI: 549300RABIG0RH4JYT64 | Long             | DBT              | CORP              | AE        |   1800000 | PA      | $1870711.20   | 0.22%             | 2028-04-24      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| RUTAS 2 AND 7 FINANCE                                       | Rutas 2 and 7 Finance Ltd                                                                                                    | CUSIP: 78319MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    933333 | PA      | $615229.98    | 0.07%             | 2036-09-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| SINOPEC GRP OVERSEAS DEV                                    | Sinopec Group Overseas Development 2017 Ltd                                                                                  | CUSIP: 82938NAC8<br>LEI: 5493001IPW8ZGQ181Z16 | Long             | DBT              | CORP              | VG        |   1100000 | PA      | $1069997.50   | 0.12%             | 2027-04-12      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa                                    | Republic of South Africa Government International Bond                                                                       | CUSIP: 836205AP9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1500000 | PA      | $1322202.00   | 0.15%             | 2041-03-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                         | Suzano Austria GmbH                                                                                                          | CUSIP: 86964WAK8<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |   3000000 | PA      | $2388870.36   | 0.28%             | 2032-01-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| TRANSNET SOC LTD                                            | Transnet SOC Ltd                                                                                                             | CUSIP: 89378TAD5<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |    600000 | PA      | $604500.00    | 0.07%             | 2028-02-06      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Tullow Oil PLC                                              | Tullow Oil PLC                                                                                                               | CUSIP: 899415AE3<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $1780319.15   | 0.21%             | 2025-03-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CP3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   3000000 | PA      | $2561400.00   | 0.30%             | 2028-02-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CZ1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   4100000 | PA      | $3898321.00   | 0.46%             | 2025-10-14      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123DA5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2500000 | PA      | $2053550.00   | 0.24%             | 2031-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Nexa Resources SA                                           | Nexa Resources SA                                                                                                            | CUSIP: 91832CAA4<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |    800000 | PA      | $781600.00    | 0.09%             | 2027-05-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                        | YPF SA                                                                                                                       | CUSIP: 984245AV2<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    750000 | PA      | $647711.15    | 0.08%             | 2029-06-30      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Bank of America N.A.                                        | Long: SPLO0ENP0 CDS USD R F  1.00000 SPLO0ENP0_FEE SOVEREIGN / Short: SPLO0ENP0 CDS USD P V 03MEVENT SPLO0ENP0_PRO SOVEREIGN | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              |  | US        |   8000000 | OU      | $-1376766.40  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                    | JPC000804 AUD CALL USD PUT                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |   1400000 | OU      | $36766.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                                      | Millicom International Cellular SA                                                                                           | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $847880.00    | 0.10%             | 2031-04-27      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of El Salvador                                     | El Salvador Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |   2231000 | PA      | $1074111.18   | 0.13%             | 2035-06-15      | Fixed         | 7.65%                 | 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        |   1500000 | PA      | $1277364.08   | 0.15%             | 2031-08-11      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Grupo KUO SAB De CV                                         | Grupo KUO SAB De CV                                                                                                          | CUSIP: 000000000<br>LEI: 549300WIYIAVCFZI6Z04 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $570648.00    | 0.07%             | 2027-07-07      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TOTAL PLAY TELECOM                                          | Total Play Telecomunicaciones SA de CV                                                                                       | CUSIP: 000000000<br>LEI: 4469000001BSAPAMOQ06 | Long             | DBT              | CORP              | MX        |   2500000 | PA      | $2119550.00   | 0.25%             | 2028-09-20      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                        | YPF SA                                                                                                                       | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    600000 | PA      | $551643.00    | 0.06%             | 2025-07-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                                           | Kosmos Energy Ltd                                                                                                            | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $905740.00    | 0.11%             | 2026-04-04      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| NETWORK I2I LTD                                             | Network i2i Ltd                                                                                                              | CUSIP: V6703DAA2<br>LEI: 2549003L8M1FGHLHOX45 | Long             | DBT              | CORP              | MU        |    500000 | PA      | $483125.00    | 0.06%             | 2025-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Turk Telekomunikasyon AS                                    | Turk Telekomunikasyon AS                                                                                                     | CUSIP: 000000000<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    500000 | PA      | $473650.00    | 0.06%             | 2024-06-19      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                          | Ukraine Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    900000 | PA      | $206550.00    | 0.02%             | 2025-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                          | Ukraine Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1700000 | PA      | $371144.00    | 0.04%             | 2026-09-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| IVORY COAST                                                 | Ivory Coast Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   4500000 | PA      | $3989808.00   | 0.47%             | 2033-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HUARONG FINANCE 2017 CO                                     | Huarong Finance 2017 Co Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $527893.76    | 0.06%             | 2027-11-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                      | Egypt Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1000000 | PA      | $825040.00    | 0.10%             | 2028-02-21      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                          | Angolan Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   2000000 | PA      | $1780120.00   | 0.21%             | 2048-05-08      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| JGSH PHILIPPINES LTD                                        | JGSH Philippines Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 984500C4564DDC8F1072 | Long             | DBT              | CORP              | VG        |   1000000 | PA      | $921000.00    | 0.11%             | 2030-07-09      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | Oman Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   3500000 | PA      | $3541650.00   | 0.41%             | 2051-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                      | Egypt Government International Bond                                                                                          | CUSIP: 03846JX21<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    800000 | PA      | $599680.00    | 0.07%             | 2032-01-15      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                      | Egypt Government International Bond                                                                                          | CUSIP: 03846JX54<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1600000 | PA      | $1217254.40   | 0.14%             | 2032-05-29      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                      | BBVA Bancomer SA/Texas                                                                                                       | CUSIP: 05533UAG3<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    700000 | PA      | $675213.00    | 0.08%             | 2034-09-13      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CSN RESOURCES SA                                            | CSN Resources SA                                                                                                             | CUSIP: 12644VAD0<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |   1100000 | PA      | $927473.03    | 0.11%             | 2031-06-10      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| INTERCEMENT FIN OP BV                                       | InterCement Financial Operations BV                                                                                          | CUSIP: 17186LAA1<br>LEI: 213800IVMAMWIHPCZJ07 | Long             | DBT              | CORP              | NL        |   1250000 | PA      | $1004693.75   | 0.12%             | 2024-07-17      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                        | Colombia Government International Bond                                                                                       | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1850000 | PA      | $1894571.25   | 0.22%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                                 | Corp Nacional del Cobre de Chile                                                                                             | CUSIP: 21987BBF4<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $402795.05    | 0.05%             | 2033-02-02      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Citibank N.A.                                               | PURCHASED PEN / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | PE        |         1 | NC      | $-378.48      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO AXO SA DE CV                                          | Grupo Axo SAPI de CV                                                                                                         | CUSIP: 40054MAA0<br>LEI: 4469000001BNKIG58H20 | Long             | DBT              | CORP              | MX        |    300000 | PA      | $265466.07    | 0.03%             | 2026-06-08      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Israel Electric Corp Ltd                                    | Israel Electric Corp Ltd                                                                                                     | CUSIP: 465077AL9<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |    900000 | PA      | $865017.00    | 0.10%             | 2028-08-14      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| KENBOURNE INVEST SA                                         | Kenbourne Invest SA                                                                                                          | CUSIP: 48855KAC4<br>LEI: 222100QGH6Y9KFYZ4B27 | Long             | DBT              | CORP              | LU        |   2371000 | PA      | $1776544.66   | 0.21%             | 2028-01-22      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| OMAN SOVEREIGN SUKUK                                        | Oman Sovereign Sukuk Co                                                                                                      | CUSIP: 68204LAB0<br>LEI: 549300KM6RUZQLK8LU36 | Long             | DBT              | NUSS              | OM        |   1000000 | PA      | $996260.00    | 0.12%             | 2030-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3000000 | PA      | $2835966.57   | 0.33%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   7300000 | PA      | $6361198.10   | 0.74%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   6000000 | PA      | $4811061.42   | 0.56%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CEMEX MATERIALS LLC                                         | CEMEX Materials LLC                                                                                                          | CUSIP: 766879AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2835000.00   | 0.33%             | 2025-07-21      | Fixed         | 7.70%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                    | Republic of South Africa Government International Bond                                                                       | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1600000 | PA      | $1484000.00   | 0.17%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL INDU                                    | Teva Pharmaceutical Finance Netherlands III BV                                                                               | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1500000 | PA      | $1395000.00   | 0.16%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123DB3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   4000000 | PA      | $3604896.00   | 0.42%             | 2026-01-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                          | Ukraine Government International Bond                                                                                        | CUSIP: 90372UAR5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   2000000 | PA      | $397252.00    | 0.05%             | 2031-05-21      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                           | Vedanta Resources Finance II PLC                                                                                             | CUSIP: 92243XAD3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $627035.50    | 0.07%             | 2024-01-21      | Fixed         | 13.88%                | Yes           |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA                                     | EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | ES        |   1100000 | PA      | $786909.70    | 0.09%             | 2030-12-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TERMOCANDELARIA POWER                                       | Termocandelaria Power Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 549300YDORW43JL6G659 | Long             | DBT              | CORP              | KY        |   1240000 | PA      | $1170702.60   | 0.14%             | 2029-01-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Bahamas                                     | Bahamas Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |   1420000 | PA      | $1143273.23   | 0.13%             | 2029-11-20      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth of Bahamas                                     | Bahamas Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |   1457000 | PA      | $1183351.81   | 0.14%             | 2028-11-21      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DEL PERU                                     | Banco Internacional del Peru SAA Interbank                                                                                   | CUSIP: 000000000<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |   2000000 | PA      | $1847741.20   | 0.22%             | 2030-07-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRUPO POSADAS SAB CV                                        | Grupo Posadas SAB de CV                                                                                                      | CUSIP: 000000000<br>LEI: 529900NRFIXN5G8NUX35 | Long             | DBT              | CORP              | MX        |    588828 | PA      | $470090.11    | 0.05%             | 2027-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                       | Guatemala Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   2300000 | PA      | $2246881.48   | 0.26%             | 2032-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ORAZUL ENERGY PERU SA                                       | Orazul Energy Egenor SCA                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |   1414000 | PA      | $1289638.70   | 0.15%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL INDUSTRIAS                                       | SAN Miguel Industrias Pet SA / NG PET R&P Latin America SA                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    800000 | PA      | $689148.00    | 0.08%             | 2028-08-02      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN                                    | Empresas Publicas de Medellin ESP                                                                                            | CUSIP: 000000000<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |   2000000 | PA      | $1646829.48   | 0.19%             | 2029-07-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                       | Venezuela Government International Bond                                                                                      | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |   6920000 | PA      | $605500.00    | 0.07%             | 2024-10-13      | None          | 7.00%                 | Yes           |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                        | YPF SA                                                                                                                       | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |   5800000 | PA      | $4093611.00   | 0.48%             | 2047-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                        | Stillwater Mining Co                                                                                                         | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $926500.00    | 0.11%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HLDGS LTD                                      | Shimao Property Holdings Ltd                                                                                                 | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |   2100000 | PA      | $501337.96    | 0.06%             | 2022-07-03      | None          | 4.75%                 | No            |                  2 | On Loan: No      |
| LONGFOR HOLDINGS LTD                                        | Longfor Properties Co Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $2685000.00   | 0.31%             | 2028-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                                         | Senegal Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |   3500000 | PA      | $2612960.00   | 0.31%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  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        |   2500000 | PA      | $2432912.50   | 0.28%             | 2028-04-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KDB LIFE INSURANCE CO LT                                    | KDB Life Insurance Co Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 988400K1TBF4L6T06Y80 | Long             | DBT              | CORP              | KR        |   1000000 | PA      | $940000.00    | 0.11%             | 2023-05-21      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                           | Ghana Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   1000000 | PA      | $368780.00    | 0.04%             | 2029-05-16      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                           | Kenya Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   1500000 | PA      | $1351665.00   | 0.16%             | 2027-05-22      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK BELARUS                                    | Development Bank of the Republic of Belarus JSC                                                                              | CUSIP: 000000000<br>LEI: 253400D4JRB0M70A0687 | Long             | DBT              | NUSS              | BY        |    500000 | PA      | $185000.00    | 0.02%             | 2024-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TURK SISE VE CAM FABRIKA                                    | Turkiye Sise ve Cam Fabrikalari AS                                                                                           | CUSIP: 000000000<br>LEI: 789000KWOK751Q6R8875 | Long             | DBT              | CORP              | TR        |   2100000 | PA      | $2048623.50   | 0.24%             | 2026-03-14      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                           | Ghana Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    500000 | PA      | $181001.00    | 0.02%             | 2051-03-26      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| ADANI GREEN ENERGY LTD                                      | Adani Green Energy Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 335800ZBBU81OH211H17 | Long             | DBT              | CORP              | IN        |   1100000 | PA      | $857853.44    | 0.10%             | 2024-09-08      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE                                    | Provincia de Buenos Aires/Government Bonds                                                                                   | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    650000 | PA      | $256888.09    | 0.03%             | 2037-09-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                                          | Braskem Idesa SAPI                                                                                                           | CUSIP: 10554NAB4<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |   2600000 | PA      | $1929408.00   | 0.23%             | 2032-02-20      | Fixed         | 6.99%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                        | Colombia Government International Bond                                                                                       | CUSIP: 195325DX0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   4000000 | PA      | $2301037.88   | 0.27%             | 2061-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                               | PURCHASED USD / SOLD CLP                                                                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-65596.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                                        | PURCHASED CLP / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | CL        |         1 | NC      | $40279.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FUTURE RETAIL LTD                                           | Future Retail Ltd                                                                                                            | CUSIP: 36118EAA0<br>LEI: 335800XO19WYIUZC9H61 | Long             | DBT              | CORP              | IN        |    800000 | PA      | $27200.00     | 0.00%             | 2025-01-22      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| IHS NETHERLANDS HOLDCO                                      | IHS Netherlands Holdco BV                                                                                                    | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $2715450.00   | 0.32%             | 2027-09-18      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Minejesa Capital BV                                         | Minejesa Capital BV                                                                                                          | CUSIP: 602736AB6<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |   1050000 | PA      | $912072.00    | 0.11%             | 2037-08-10      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Federated Hermes Institutional Prime Value Obligations Fund | Federated Institutional Prime Value Obligations Fund                                                                         | CUSIP: 60934N583<br>LEI: 254900OXLDDVEP8MMK94 | Long             | EC               | RF                | US        |  25106612 | NS      | $25106611.97  | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXA RESOURCES SA                                           | Nexa Resources SA                                                                                                            | CUSIP: 65290DAA1<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |    700000 | PA      | $694893.50    | 0.08%             | 2028-01-18      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3000000 | PA      | $2073689.40   | 0.24%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| RUMO LUXEMBOURG SARL                                        | Rumo Luxembourg Sarl                                                                                                         | CUSIP: 781467AE5<br>LEI: 222100HOIQFT7YOSPB46 | Long             | DBT              | CORP              | LU        |   1150000 | PA      | $954523.00    | 0.11%             | 2032-01-18      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa                                    | Republic of South Africa Government International Bond                                                                       | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   2000000 | PA      | $1525260.00   | 0.18%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   3700000 | PA      | $2468839.80   | 0.29%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CX6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   3500000 | PA      | $3240993.00   | 0.38%             | 2025-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                    | JPP001097 USD PUT CAD CALL                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |   1400000 | OU      | $23592.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INTL                                     | Gran Tierra Energy International Holdings Ltd                                                                                | CUSIP: 000000000<br>LEI: 549300RQNK5SS6I0T293 | Long             | DBT              | CORP              | KY        |   2600000 | PA      | $2327888.89   | 0.27%             | 2025-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MARB BONDCO PLC                                             | MARB BondCo PLC                                                                                                              | CUSIP: 000000000<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |   3800000 | PA      | $2998105.00   | 0.35%             | 2031-01-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| JSM GLOBAL SARL                                             | JSM Global Sarl                                                                                                              | CUSIP: 000000000<br>LEI: 222100JFIJNVE1XMFY68 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $65596.00     | 0.01%             | 2030-10-20      | None          | 4.75%                 | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                                        | Unigel Luxembourg SA                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   7600000 | PA      | $7688512.41   | 0.90%             | 2026-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                     | El Salvador Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    800000 | PA      | $417898.06    | 0.05%             | 2052-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BANCO RESERVAS REP DOMIN                                    | Banco de Reservas de la Republica Dominicana                                                                                 | CUSIP: 000000000<br>LEI: 549300CKQT0JZ2EGNC56 | Long             | DBT              | CORP              | DO        |    520000 | PA      | $520000.00    | 0.06%             | 2023-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CIBANCO SA INS DE BANCA                                     | CIBANCO SA Institucion de Banca Multiple Trust CIB/3332                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    600000 | PA      | $468504.00    | 0.05%             | 2031-07-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COLOMBIA TELECOMUNICACIO                                    | Colombia Telecomunicaciones SA ESP                                                                                           | CUSIP: 000000000<br>LEI: 549300CK4YN0V1C3MN55 | Long             | DBT              | CORP              | CO        |    800000 | PA      | $699172.00    | 0.08%             | 2030-07-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                          | Dominican Republic International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   3500000 | PA      | $3430986.51   | 0.40%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                          | Dominican Republic International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   4500000 | PA      | $3830793.44   | 0.45%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                       | Venezuela Government International Bond                                                                                      | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |   4653000 | PA      | $430234.06    | 0.05%             | 2038-03-31      | None          | 8.25%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                      | Gran Tierra Energy Inc                                                                                                       | CUSIP: 000000000<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2510438.20   | 0.29%             | 2027-05-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JSW STEEL LTD                                               | JSW Steel Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |   1600000 | PA      | $1348293.68   | 0.16%             | 2032-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| RENEW POWER PVT LTD                                         | ReNew Power Pvt Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 335800BITJZHVZ1CN475 | Long             | DBT              | CORP              | IN        |    900000 | PA      | $859500.00    | 0.10%             | 2027-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS                                                  | Akbank TAS                                                                                                                   | CUSIP: 000000000<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |   1000000 | PA      | $959900.00    | 0.11%             | 2025-03-31      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Kingdom of Bahrain                                          | Bahrain Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   1500000 | PA      | $1547427.00   | 0.18%             | 2028-10-12      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Iraq                                            | Iraq International Bond                                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | IQ        |   1500000 | PA      | $1489254.00   | 0.17%             | 2023-03-09      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                          | Ukraine Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   2000000 | PA      | $450776.00    | 0.05%             | 2026-02-01      | Fixed         | 8.99%                 | No            |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD                                        | JSW Hydro Energy Ltd                                                                                                         | CUSIP: 46653YAA6<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |   1062000 | PA      | $905027.29    | 0.11%             | 2031-05-18      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| MSU Energy SA / UGEN SA                                     | Rio Energy SA / UGEN SA / UENSA SA                                                                                           | CUSIP: 76706AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | AR        |   1300000 | PA      | $988717.18    | 0.12%             | 2025-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Lebanese Republic                                           | Lebanon Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |   1000000 | PA      | $65160.00     | 0.01%             | 2023-01-27      | None          | 6.00%                 | Yes           |                  2 | On Loan: No      |
| POSCO                                                       | POSCO                                                                                                                        | CUSIP: 73730EAB9<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |    300000 | PA      | $294251.72    | 0.03%             | 2027-08-04      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ENDEAVOR MINING PLC                                         | Endeavour Mining PLC                                                                                                         | CUSIP: 29261HAA3<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $178130.00    | 0.02%             | 2026-10-14      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd                                      | Eskom Holdings SOC Ltd                                                                                                       | CUSIP: 29646AAC0<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |   5200000 | PA      | $4984824.00   | 0.58%             | 2028-08-10      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| SK HYNIX INC                                                | SK Hynix Inc                                                                                                                 | CUSIP: 78392BAD9<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    750000 | PA      | $758255.46    | 0.09%             | 2026-01-17      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                    | Republic of South Africa Government International Bond                                                                       | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1100000 | PA      | $1001820.60   | 0.12%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| STATE AGE ROADS                                             | State Agency of Roads of Ukraine                                                                                             | CUSIP: 857329AA4<br>LEI: 254900FGEO8P5USHG994 | Long             | DBT              | CORP              | UA        |    900000 | PA      | $160812.00    | 0.02%             | 2030-06-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| UNIFIN FINANCIERA SA DE                                     | Unifin Financiera SAB de CV                                                                                                  | CUSIP: 90471MAD4<br>LEI: 5493007GRMPGDJG93Z17 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $17500.00     | 0.00%             | 2029-01-28      | None          | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Digicel Ltd                                                 | Digicel Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $189090.00    | 0.02%             | 2023-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                    | Jaguar Land Rover Automotive PLC                                                                                             | CUSIP: 000000000<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |   1800000 | PA      | $1532965.50   | 0.18%             | 2028-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KYOBO LIFE INSURANCE CO                                     | Kyobo Life Insurance Co Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 988400Y298KYBHWRBS28 | Long             | DBT              | CORP              | KR        |    800000 | PA      | $783800.00    | 0.09%             | 2052-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                      | Egypt Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   3000000 | PA      | $1991280.00   | 0.23%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentine Republic Government International Bond                                                                             | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   8900000 | PA      | $3032017.82   | 0.35%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BANCO INDUSTRIAL SA                                         | Banco Industrial SA/Guatemala                                                                                                | CUSIP: 05991CAA1<br>LEI: 529900GF99QF67JEQU85 | Long             | DBT              | CORP              | GT        |    500000 | PA      | $468252.93    | 0.05%             | 2031-01-29      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                         | Braskem Netherlands Finance BV                                                                                               | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   2300000 | PA      | $2027807.88   | 0.24%             | 2030-01-31      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CITY OF BUENOS AIRES                                        | Autonomous City of Buenos Aires Argentina                                                                                    | CUSIP: 11942GAD4<br>LEI: 5299007MC8RF52X0ON96 | Long             | DBT              | NUSS              | AR        |   1079000 | PA      | $1008871.10   | 0.12%             | 2027-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of Colombia                                        | Colombia Government International Bond                                                                                       | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   2000000 | PA      | $1763587.16   | 0.21%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Credit Agricole CIB                                         | PURCHASED USD / SOLD INR                                                                                                     | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | N/A              | DFE              |  | US        |         1 | NC      | $-11049.38    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                          | PURCHASED USD / SOLD COP                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $15597.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic                                          | Dominican Republic International Bond                                                                                        | CUSIP: 25714PDT2<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   4400000 | PA      | $4382485.36   | 0.51%             | 2027-01-25      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Ecopetrol SA                                                | Ecopetrol SA                                                                                                                 | CUSIP: 279158AL3<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   7300000 | PA      | $7063224.50   | 0.82%             | 2026-06-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GREENKO SOLAR MAURITIUS                                     | Greenko Solar Mauritius Ltd                                                                                                  | CUSIP: 39530VAB4<br>LEI: 2138007S1PL541B3KP92 | Long             | DBT              | CORP              | MU        |   1400000 | PA      | $1320690.00   | 0.15%             | 2026-07-29      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| INDIA GREEN POWER HOLD                                      | India Green Power Holdings                                                                                                   | CUSIP: 45410LAA0<br>LEI: 254900I7N0GT4VVL6V29 | Long             | DBT              | CORP              | MU        |    550000 | PA      | $481795.23    | 0.06%             | 2027-02-22      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                     | Latam Airlines Group SA                                                                                                      | CUSIP: 51818LAA6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   1000000 | PA      | $1073750.00   | 0.13%             | 2027-10-15      | Fixed         | 13.38%                | Yes           |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                           | MC Brazil Downstream Trading SARL                                                                                            | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |   1350000 | PA      | $1179348.26   | 0.14%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MEDCO LAUREL TREE                                           | Medco Laurel Tree Pte Ltd                                                                                                    | CUSIP: 58406RAA6<br>LEI: 254900SX7FFGRREZD046 | Long             | DBT              | CORP              | SG        |    700000 | PA      | $667544.15    | 0.08%             | 2028-11-12      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 706451BC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    550000 | PA      | $559963.25    | 0.07%             | 2023-12-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey                                          | TURKEY GOVERNMENT INTERNATIONAL BOND                                                                                         | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   5700000 | PA      | $3582404.40   | 0.42%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CV0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   4500000 | PA      | $4412610.00   | 0.52%             | 2024-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                    | JPC000796 USD CALL CAD PUT                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |  -1400000 | OU      | $-15786.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                                    | Digicel International Finance Ltd / Digicel Holdings Bermuda Ltd                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1000000 | PA      | $445415.00    | 0.05%             | 2026-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Inkia Energy Ltd                                            | Inkia Energy Ltd                                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    445000 | PA      | $415974.88    | 0.05%             | 2027-11-09      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CORURIPE NETHERLANDS BV                                     | Coruripe Netherlands BV                                                                                                      | CUSIP: 000000000<br>LEI: 724500EL5MDC9RD0FW48 | Long             | DBT              | CORP              | NL        |   1590000 | PA      | $1199973.00   | 0.14%             | 2027-02-10      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CIKARANG LISTRINDO PT                                       | Listrindo Capital BV                                                                                                         | CUSIP: 000000000<br>LEI: 254900NPCIO562Z7FN53 | Long             | DBT              | CORP              | ID        |    500000 | PA      | $473696.63    | 0.06%             | 2026-09-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANCO CONTINENTAL S.A.E.                                    | Banco Continental SAECA                                                                                                      | CUSIP: 000000000<br>LEI: 8945005Q0D60A6FCEM55 | Long             | DBT              | CORP              | PY        |   1400000 | PA      | $1252979.00   | 0.15%             | 2025-12-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Kallpa Generacion SA                                        | Kallpa Generacion SA                                                                                                         | CUSIP: 000000000<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |   2149000 | PA      | $2012167.99   | 0.24%             | 2027-08-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                          | Dominican Republic International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1200000 | PA      | $1092983.57   | 0.13%             | 2045-01-27      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                       | Guatemala Government Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    500000 | PA      | $476824.55    | 0.06%             | 2030-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| METALSA SA DE CV                                            | Metalsa S A P I De Cv                                                                                                        | CUSIP: 000000000<br>LEI: 549300F2FONGJR575V67 | Long             | DBT              | CORP              | MX        |   1600000 | PA      | $1291782.02   | 0.15%             | 2031-05-04      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MINSUR SA                                                   | Minsur SA                                                                                                                    | CUSIP: 000000000<br>LEI: 254900C69MVC7SXO2G61 | Long             | DBT              | CORP              | PE        |   1000000 | PA      | $893705.00    | 0.10%             | 2031-10-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Peru LNG Srl                                                | Peru LNG Srl                                                                                                                 | CUSIP: 000000000<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |   2300000 | PA      | $1911001.00   | 0.22%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRANSJAMAICAN HIGHWAY                                       | TransJamaican Highway Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 254900AWJ3QIGYQ04W45 | Long             | DBT              | CORP              | JM        |    813585 | PA      | $673241.27    | 0.08%             | 2036-10-10      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                     | Adani Ports & Special Economic Zone Ltd                                                                                      | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $163954.23    | 0.02%             | 2027-08-04      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| INDIKA ENERGY CAPITAL IV                                    | Indika Energy Capital IV Pte Ltd                                                                                             | CUSIP: 000000000<br>LEI: 254900LQ197HY24XVH34 | Long             | DBT              | CORP              | SG        |   2750000 | PA      | $2762037.60   | 0.32%             | 2025-10-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                          | Ukraine Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1000000 | PA      | $213980.00    | 0.02%             | 2027-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                          | Ukraine Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   2000000 | PA      | $436056.00    | 0.05%             | 2028-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Kingdom of Bahrain                                          | Bahrain Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   1800000 | PA      | $1868238.00   | 0.22%             | 2026-01-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Kingdom of Bahrain                                          | Bahrain Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   5300000 | PA      | $5345728.40   | 0.62%             | 2029-09-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                       | Sharjah Sukuk Program Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |   1500000 | PA      | $1436811.00   | 0.17%             | 2028-03-14      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| ADIB CAPITAL INVEST TWO                                     | Adib Capital Invest 2 Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 549300IKJ30XQO8HG702 | Long             | DBT              | CORP              | KY        |   1600000 | PA      | $1612008.00   | 0.19%             | 2023-09-20      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | Oman Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   3000000 | PA      | $3071040.00   | 0.36%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                           | Ghana Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   2200000 | PA      | $832480.00    | 0.10%             | 2027-02-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PETRON CORP                                                 | Petron Corp                                                                                                                  | CUSIP: 000000000<br>LEI: 549300R3PFXOFQSZ7G25 | Long             | DBT              | CORP              | PH        |    500000 | PA      | $433750.00    | 0.05%             | 2026-04-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                         | Benin Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |   1300000 | PA      | $1030320.62   | 0.12%             | 2035-01-22      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                          | Dominican Republic International Bond                                                                                        | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1000000 | PA      | $867362.51    | 0.10%             | 2030-01-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| IND & COMM BK CHINA/NY                                      | INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD/NEW YORK NY                                                                        | CUSIP: 45580KAK4<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |    500000 | PA      | $484350.00    | 0.06%             | 2027-11-08      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                    | Jaguar Land Rover Automotive PLC                                                                                             | CUSIP: 47010BAK0<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $425823.75    | 0.05%             | 2028-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| JD.com Inc                                                  | JD.COM INC                                                                                                                   | CUSIP: 47215PAC0<br>LEI: 549300HVTWB0GJZ16V92 | Long             | DBT              | CORP              | KY        |   2700000 | PA      | $2623020.52   | 0.31%             | 2026-04-29      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 71654QDH2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3000000 | PA      | $3008325.00   | 0.35%             | 2025-10-16      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                        | Petronas Capital Ltd                                                                                                         | CUSIP: 716743AR0<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $188511.49    | 0.02%             | 2050-04-21      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| THAIOIL TRSRY CENTER                                        | Thaioil Treasury Center Co Ltd                                                                                               | CUSIP: 88323AAG7<br>LEI: 549300NH03B9E8VGJR89 | Long             | DBT              | CORP              | TH        |   1600000 | PA      | $1307834.56   | 0.15%             | 2030-06-18      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                         | Honduras Government International Bond                                                                                       | CUSIP: 000000000<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |    600030 | PA      | $596149.85    | 0.07%             | 2024-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of Bahrain                                          | Bahrain Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   1000000 | PA      | $928400.00    | 0.11%             | 2047-09-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                      | Egypt Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    500000 | PA      | $381015.75    | 0.04%             | 2031-04-11      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| IVORY COAST                                                 | Ivory Coast Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    738000 | PA      | $673946.23    | 0.08%             | 2031-10-17      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentine Republic Government International Bond                                                                             | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |  12900000 | PA      | $4738681.49   | 0.55%             | 2038-01-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                                         | CSN Islands XI Corp                                                                                                          | CUSIP: 12642KAB0<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $2000046.20   | 0.23%             | 2028-01-28      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ECOPETROL SA                                                | Ecopetrol SA                                                                                                                 | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    700000 | PA      | $719015.50    | 0.08%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                                    | Embraer Netherlands Finance BV                                                                                               | CUSIP: 29082HAB8<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $2947560.00   | 0.34%             | 2027-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SA                                     | EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA                                                              | CUSIP: 29280LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | ES        |    990000 | PA      | $708218.73    | 0.08%             | 2030-12-30      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT                                          | Bolivian Government International Bond                                                                                       | CUSIP: 29731QAC1<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |   1000000 | PA      | $755069.13    | 0.09%             | 2028-03-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| IHS HOLDING LTD                                             | IHS Holding Ltd                                                                                                              | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $411095.00    | 0.05%             | 2028-11-29      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| STATE OF ISRAEL                                             | Israel Government International Bond                                                                                         | CUSIP: 46514BRA7<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   1100000 | PA      | $1101012.00   | 0.13%             | 2033-01-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MEDCO PLATINUM ROAD PTE                                     | Medco Platinum Road Pte Ltd                                                                                                  | CUSIP: 58406HAA8<br>LEI: 254900CW3HTAEZITE455 | Long             | DBT              | CORP              | SG        |    750000 | PA      | $744171.19    | 0.09%             | 2025-01-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MEDCO BELL PTE LTD                                          | Medco Bell Pte Ltd                                                                                                           | CUSIP: 58406LAA9<br>LEI: 2549003PNDCWIWGKC768 | Long             | DBT              | CORP              | SG        |   2430000 | PA      | $2336511.51   | 0.27%             | 2027-01-30      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| NEMAK SAB DE CV                                             | Nemak SAB de CV                                                                                                              | CUSIP: 64045DAC8<br>LEI: 5493000MY3DAIB0BP706 | Long             | DBT              | CORP              | MX        |    300000 | PA      | $242497.50    | 0.03%             | 2031-06-28      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| NETWORK I2I LTD                                             | Network i2i Ltd                                                                                                              | CUSIP: 64132NAC0<br>LEI: 2549003L8M1FGHLHOX45 | Long             | DBT              | CORP              | MU        |   2500000 | PA      | $2274141.30   | 0.27%             | 2026-03-03      | Fixed         | 3.98%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF RWANDA                                          | Rwanda International Government Bond                                                                                         | CUSIP: 78347YAL7<br>LEI: 213800DQC28OBRZDYJ87 | Long             | DBT              | NUSS              | RW        |    900000 | PA      | $684961.20    | 0.08%             | 2031-08-09      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CW8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2000000 | PA      | $1921820.00   | 0.22%             | 2024-11-14      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CY4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2800000 | PA      | $2237200.00   | 0.26%             | 2030-03-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| USIMINAS INTERNATIONAL                                      | Usiminas International Sarl                                                                                                  | CUSIP: 91734JAA8<br>LEI: 529900KLYX6QPXVIVP43 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $491989.77    | 0.06%             | 2026-07-18      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Bank of New York Mellon                                     | BKC000241 EUR CALL USD PUT                                                                                                   | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |   1400000 | OU      | $22282.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentina Bonar Bonds                                                                                                        | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |  15398291 | PA      | $4715079.89   | 0.55%             | 2030-07-09      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                                    | Embraer Netherlands Finance BV                                                                                               | CUSIP: 000000000<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $1237548.00   | 0.14%             | 2028-01-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| INSTITUTO COSTARRICENSE                                     | Instituto Costarricense de Electricidad                                                                                      | CUSIP: 000000000<br>LEI: 5493009VA6AFUB2Q0289 | Long             | DBT              | CORP              | CR        |    850000 | PA      | $688503.70    | 0.08%             | 2043-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TELECOM OF TRIN & TOBAGO                                    | Telecommunications Services of Trinidad & Tobago Ltd                                                                         | CUSIP: 000000000<br>LEI: 5299007N4G3EZWXAMB76 | Long             | DBT              | CORP              | TT        |   1800000 | PA      | $1584513.00   | 0.19%             | 2029-10-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                                    | Volcan Cia Minera SAA                                                                                                        | CUSIP: 000000000<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |   2010000 | PA      | $1778488.20   | 0.21%             | 2026-02-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                        | YPF SOCIEDAD AN STEP 6/29                                                                                                    | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |   2800000 | PA      | $2418121.61   | 0.28%             | 2029-06-30      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                           | Vedanta Resources Finance II PLC                                                                                             | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $313517.75    | 0.04%             | 2024-01-21      | Fixed         | 13.88%                | 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      | $30000.00     | 0.00%             | 2025-01-16      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ICD Funding Ltd                                             | ICD Funding Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 635400ND71SBRGJJVF09 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $495600.00    | 0.06%             | 2024-05-21      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                 | Ivory Coast Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   2000000 | PA      | $1939208.00   | 0.23%             | 2028-03-03      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | Oman Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   3000000 | PA      | $2941890.00   | 0.34%             | 2026-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                           | Kenya Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    700000 | PA      | $617134.00    | 0.07%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Oztel Holdings SPC Ltd                                      | Oztel Holdings SPC Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 549300RABIG0RH4JYT64 | Long             | DBT              | CORP              | AE        |   1000000 | PA      | $1039284.00   | 0.12%             | 2028-04-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                          | Angolan Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   4000000 | PA      | $3782000.00   | 0.44%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                           | Republic of Kenya Government International Bond                                                                              | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   1000000 | PA      | $868820.00    | 0.10%             | 2032-05-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                          | Angolan Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   2000000 | PA      | $1748700.00   | 0.20%             | 2049-11-26      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| DP WORLD SALAAM                                             | DP World Salaam                                                                                                              | CUSIP: 000000000<br>LEI: 549300SUYBT9X88E9435 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $501250.00    | 0.06%             | 2025-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                         | Ecuador Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   3850000 | PA      | $1635441.85   | 0.19%             | 2030-07-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ACU PETROLEO LUXEMBOURG                                     | Acu Petroleo Luxembourg Sarl                                                                                                 | CUSIP: 00110RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3081028 | PA      | $2905008.71   | 0.34%             | 2032-01-13      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA                                        | America Movil SAB de CV                                                                                                      | CUSIP: 03217KAB4<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $466840.00    | 0.05%             | 2032-04-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Arab Republic of Egypt                                      | Egypt Government International Bond                                                                                          | CUSIP: 03846JW71<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1800000 | PA      | $1485129.60   | 0.17%             | 2029-03-01      | Fixed         | 7.60%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                      | Egypt Government International Bond                                                                                          | CUSIP: 03846JX62<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1700000 | PA      | $1212093.20   | 0.14%             | 2050-05-29      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentine Republic Government International Bond                                                                             | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |  16400000 | PA      | $5579752.81   | 0.65%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Bahamas                                     | Bahamas Government International Bond                                                                                        | CUSIP: 056732AH3<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |    600000 | PA      | $579246.52    | 0.07%             | 2024-01-16      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                          | Bahrain Government International Bond                                                                                        | CUSIP: 05675M2G8<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   5600000 | PA      | $4940320.00   | 0.58%             | 2033-01-25      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                                         | Banco Davivienda SA                                                                                                          | CUSIP: 059501AD8<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    600000 | PA      | $472198.65    | 0.06%             | 2031-04-22      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Bancolombia SA                                              | Bancolombia SA                                                                                                               | CUSIP: 05968LAK8<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |   3200000 | PA      | $3187296.00   | 0.37%             | 2027-10-18      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                      | Brazilian Government International Bond                                                                                      | CUSIP: 105756BY5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   5000000 | PA      | $4148219.55   | 0.48%             | 2047-02-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                             | Cemex SAB de CV                                                                                                              | CUSIP: 151290BW2<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   4000000 | PA      | $4116960.00   | 0.48%             | 2027-06-05      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CHILE ELEC PEC SPA                                          | Chile Electricity PEC SpA                                                                                                    | CUSIP: 168831AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    500000 | PA      | $378392.26    | 0.04%             | 2028-01-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Colombia                                        | Colombia Government International Bond                                                                                       | CUSIP: 195325BK0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   4500000 | PA      | $4358637.81   | 0.51%             | 2037-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                              | PURCHASED BRL / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | BR        |         1 | NC      | $27040.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                          | PURCHASED KRW / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | KR        |         1 | NC      | $26811.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                              | PURCHASED BRL / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | BR        |         1 | NC      | $43989.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                          | PURCHASED USD / SOLD KRW                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-20543.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                         | PURCHASED COP / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CO        |         1 | NC      | $30787.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                         | PURCHASED MXN / SOLD GBP                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | MX        |         1 | NC      | $1907.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                          | Dominican Republic International Bond                                                                                        | CUSIP: 25714PEG9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    700000 | PA      | $560238.32    | 0.07%             | 2041-01-21      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                          | Dominican Republic International Bond                                                                                        | CUSIP: 25714PEN4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   2300000 | PA      | $2121271.39   | 0.25%             | 2033-02-22      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ECOPETROL SA                                                | Ecopetrol SA                                                                                                                 | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   5000000 | PA      | $4692925.00   | 0.55%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                                     | El Salvador Government International Bond                                                                                    | CUSIP: 283875BZ4<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |   2500000 | PA      | $1157044.40   | 0.14%             | 2050-01-20      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| GMR HYDERABAD INTERNATIO                                    | GMR Hyderabad International Airport Ltd                                                                                      | CUSIP: 36256WAC8<br>LEI: 335800NSPGIN89SVOU83 | Long             | DBT              | CORP              | IN        |   1000000 | PA      | $933750.00    | 0.11%             | 2026-02-02      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                     | Hyundai Capital America                                                                                                      | CUSIP: 44891ABP1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1776616.90   | 0.21%             | 2027-10-15      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                                        | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                                                                       | CUSIP: 46590XAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2000000 | PA      | $1719170.00   | 0.20%             | 2029-02-02      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                                          | JSW Infrastructure Ltd                                                                                                       | CUSIP: 46654XAA7<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |   1500000 | PA      | $1330899.36   | 0.16%             | 2029-01-21      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                           | Kosmos Energy Ltd                                                                                                            | CUSIP: 500688AD8<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |    800000 | PA      | $684280.00    | 0.08%             | 2028-03-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| METALSA SA DE CV                                            | Metalsa SA de CV                                                                                                             | CUSIP: 59132VAB4<br>LEI: 549300F2FONGJR575V67 | Long             | DBT              | CORP              | MX        |   1550000 | PA      | $1251413.83   | 0.15%             | 2031-05-04      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                                      | Mexico City Airport Trust                                                                                                    | CUSIP: 59284MAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    403000 | PA      | $327872.74    | 0.04%             | 2046-10-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Provincia de Cordoba                                        | Provincia de Cordoba                                                                                                         | CUSIP: 74408DAD6<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |    708401 | PA      | $541718.58    | 0.06%             | 2027-06-01      | Variable      | 6.99%                 | Yes           |                  2 | On Loan: No      |
| SASOL Financing USA LLC                                     | SASOL Financing USA LLC                                                                                                      | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1449330.00   | 0.17%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                                                | Shinhan Bank Co Ltd                                                                                                          | CUSIP: 82460CAJ3<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |   1500000 | PA      | $1413947.64   | 0.17%             | 2026-03-24      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| SIMPAR EUROPE SA                                            | Simpar Europe SA                                                                                                             | CUSIP: 82883PAA2<br>LEI: 54930068BSUST41D5C30 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $731005.00    | 0.09%             | 2031-01-26      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa                                    | Republic of South Africa Government International Bond                                                                       | CUSIP: 836205AZ7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    500000 | PA      | $410760.00    | 0.05%             | 2048-06-22      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                        | Tencent Holdings Ltd                                                                                                         | CUSIP: 88032WAG1<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |   1500000 | PA      | $1419890.33   | 0.17%             | 2028-01-19      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                        | Tencent Holdings Ltd                                                                                                         | CUSIP: 88032XAP9<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |   1500000 | PA      | $1495365.00   | 0.17%             | 2024-04-11      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                                              | Tullow Oil PLC                                                                                                               | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |    563000 | PA      | $486336.29    | 0.06%             | 2026-05-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123BJ8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1000000 | PA      | $717380.00    | 0.08%             | 2041-01-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CG3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2000000 | PA      | $1496600.00   | 0.17%             | 2045-02-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123CJ7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2000000 | PA      | $1760336.00   | 0.21%             | 2026-04-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey                                          | TURKEY GOVERNMENT INTERNATIONAL BOND                                                                                         | CUSIP: 900123CQ1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   4000000 | PA      | $3514784.00   | 0.41%             | 2028-10-24      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VTR FINANCE BV                                              | VTR Finance NV                                                                                                               | CUSIP: 918374AA7<br>LEI: 213800F4XI4RJB82XM19 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $503640.00    | 0.06%             | 2028-07-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| YPF ENERGIA ELECTRICA SA                                    | YPF Energia Electrica SA                                                                                                     | CUSIP: 98424MAA1<br>LEI: 5493002XN8FRTYQLR778 | Long             | DBT              | CORP              | AR        |    227000 | PA      | $212332.54    | 0.02%             | 2026-07-25      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| AGROSUPER SA                                                | Agrosuper SA                                                                                                                 | CUSIP: 00857LAA5<br>LEI: 5493006KNWOGYPTZZ371 | Long             | DBT              | CORP              | CL        |    675000 | PA      | $606656.25    | 0.07%             | 2032-01-20      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                          | Angolan Government International Bond                                                                                        | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   3500000 | PA      | $3244360.00   | 0.38%             | 2029-11-26      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Bank of America, National Association                       | Long: SPH01G2L3 CDS USD R V 03MEVENT SPH01G2L3_PRO SOVEREIGN / Short: SPH01G2L3 CDS USD P F  1.00000 SPH01G2L3_FEE SOVEREIGN | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              |  | US        |   1800000 | OU      | $13933.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US 10YR NOTE (CBT)MAR23                                                                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        60 | NC      | $98302.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                      | US 5YR NOTE (CBT) MAR23                                                                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        45 | NC      | $54747.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                                        | Bank Leumi Le-Israel BM                                                                                                      | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    600000 | PA      | $621000.00    | 0.07%             | 2033-07-18      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| FRONTERA ENERGY CORP                                        | Frontera Energy Corp                                                                                                         | CUSIP: 000000000<br>LEI: A25574TZFLBNK7NWQT47 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $707464.00    | 0.08%             | 2028-06-21      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                    | Banco do Brasil SA/Cayman                                                                                                    | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |   1500000 | PA      | $1362846.56   | 0.16%             | 2024-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                                    | DIGICEL HOLDINGS BERMUDA LTD / DIGICEL INTERNATIONAL FINANCE LTD                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    473550 | PA      | $237349.85    | 0.03%             | 2025-12-31      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| VEDANTA UK INVESTMENTS                                      | Vedanta Resources Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 2138007MYEKPEAZQTW83 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $566686.57    | 0.07%             | 2023-05-31      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VEDANTA UK INVESTMENTS                                      | Vedanta Resources Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 2138007MYEKPEAZQTW83 | Long             | DBT              | CORP              | GB        |   2800000 | PA      | $2121392.00   | 0.25%             | 2024-08-09      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                           | Vedanta Resources Finance II PLC                                                                                             | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |   2300000 | PA      | $1849188.50   | 0.22%             | 2025-03-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| Gol Finance SA                                              | Gol Finance SA                                                                                                               | CUSIP: 000000000<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | LU        |   1850000 | PA      | $970695.00    | 0.11%             | 2025-01-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                                         | Klabin Austria GmbH                                                                                                          | CUSIP: 000000000<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |   2000000 | PA      | $1954440.00   | 0.23%             | 2027-09-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                           | MC Brazil Downstream Trading SARL                                                                                            | CUSIP: 000000000<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    964902 | PA      | $842929.70    | 0.10%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                       | Minerva Luxembourg SA                                                                                                        | CUSIP: 000000000<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |   2000000 | PA      | $1696839.20   | 0.20%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AES GENER SA                                                | AES Gener SA                                                                                                                 | CUSIP: 000000000<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |   2000000 | PA      | $1899070.00   | 0.22%             | 2079-10-07      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Banco de Bogota SA                                          | Banco de Bogota SA                                                                                                           | CUSIP: 000000000<br>LEI: 549300LYHE7LWSKDZT53 | Long             | DBT              | CORP              | CO        |   4750000 | PA      | $4720691.69   | 0.55%             | 2026-05-12      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                    | Banco Mercantil de norte                                                                                                     | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   2000000 | PA      | $1927190.00   | 0.23%             | 2029-06-27      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                       | Venezuela Government International Bond                                                                                      | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |   2000000 | PA      | $184927.60    | 0.02%             | 2028-05-07      | None          | 9.25%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                          | Dominican Republic International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    500000 | PA      | $486705.19    | 0.06%             | 2044-04-30      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                          | Dominican Republic International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   5000000 | PA      | $4336812.55   | 0.51%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                    | Corp Financiera de Desarrollo SA                                                                                             | CUSIP: 000000000<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |    500000 | PA      | $485023.20    | 0.06%             | 2025-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GRUPO AXO SA DE CV                                          | Grupo Axo SAPI de CV                                                                                                         | CUSIP: 000000000<br>LEI: 4469000001BNKIG58H20 | Long             | DBT              | CORP              | MX        |   3050000 | PA      | $2698905.08   | 0.32%             | 2026-06-08      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ITAU UNIBANCO HLDG SA/KY                                    | Itau Unibanco Holding SA/Cayman Island                                                                                       | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |   2500000 | PA      | $2431750.00   | 0.28%             | 2023-06-12      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| Provincia de Cordoba                                        | Provincia de Cordoba                                                                                                         | CUSIP: 000000000<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |    253000 | PA      | $193470.65    | 0.02%             | 2027-06-01      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA                                      | SierraCol Energy Andina LLC                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3139956.80   | 0.37%             | 2028-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| IVORY COAST                                                 | Ivory Coast Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   2984725 | PA      | $2742663.77   | 0.32%             | 2032-12-31      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Republic of Ghana                                           | Ghana Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   1000000 | PA      | $696136.00    | 0.08%             | 2030-10-14      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | Oman Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   4000000 | PA      | $4000560.00   | 0.47%             | 2027-03-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | Oman Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   1000000 | PA      | $955000.00    | 0.11%             | 2047-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | Oman Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   3100000 | PA      | $3118910.00   | 0.36%             | 2028-01-17      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| AKBANK TAS                                                  | Akbank TAS                                                                                                                   | CUSIP: 000000000<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |   2000000 | PA      | $1940630.00   | 0.23%             | 2028-04-27      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Arab Republic of Egypt                                      | Egypt Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    800000 | PA      | $660032.00    | 0.08%             | 2028-02-21      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                             | Nigeria Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   2000000 | PA      | $1625984.00   | 0.19%             | 2031-01-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                             | Nigeria Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   2200000 | PA      | $1661000.00   | 0.19%             | 2049-01-21      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Turk Telekomunikasyon AS                                    | Turk Telekomunikasyon AS                                                                                                     | CUSIP: 000000000<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |   2000000 | PA      | $1909046.00   | 0.22%             | 2025-02-28      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                          | Ukraine Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1000000 | PA      | $199000.00    | 0.02%             | 2035-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| IHS NETHERLANDS HOLDCO                                      | IHS Netherlands Holdco BV                                                                                                    | CUSIP: 000000000<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |   2300000 | PA      | $2081845.00   | 0.24%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UPL CORP LTD                                                | UPL Corp Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 213800AQLATW4WEEH674 | Long             | DBT              | CORP              | MU        |   3000000 | PA      | $2497537.98   | 0.29%             | 2030-06-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                         | Ecuador Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   2539550 | PA      | $1231256.10   | 0.14%             | 2035-07-31      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                         | Ecuador Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   3500000 | PA      | $1468136.88   | 0.17%             | 2040-07-31      | Variable      | 1.50%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                          | Bahrain Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   2000000 | PA      | $1866940.00   | 0.22%             | 2028-01-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                          | Bahrain Government International Bond                                                                                        | CUSIP: 05675M2C7<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   1000000 | PA      | $1036010.00   | 0.12%             | 2030-05-14      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                    | Banco do Brasil SA/Cayman                                                                                                    | CUSIP: 05958AAL2<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    600000 | PA      | $600156.00    | 0.07%             | 2024-06-18      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| AIA GROUP LTD                                               | AIA Group Ltd                                                                                                                | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |   1510000 | PA      | $1369964.56   | 0.16%             | 2026-04-07      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                    | OCP SA                                                                                                                       | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   4500000 | PA      | $3815212.50   | 0.45%             | 2031-06-23      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE                                    | Provincia de Buenos Aires/Government Bonds                                                                                   | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |   1113200 | PA      | $439950.49    | 0.05%             | 2037-09-01      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                    | Banco Mercantil del Norte SA/Grand Cayman                                                                                    | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   3400000 | PA      | $3006643.97   | 0.35%             | 2032-01-24      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                      | Brazilian Government International Bond                                                                                      | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   5000000 | PA      | $4422554.90   | 0.52%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                             | Cemex SAB de CV                                                                                                              | CUSIP: 151290BZ5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   1200000 | PA      | $1013646.00   | 0.12%             | 2031-07-11      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Republic of Colombia                                        | Colombia Government International Bond                                                                                       | CUSIP: 195325BB0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    800000 | PA      | $905479.78    | 0.11%             | 2033-01-28      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                        | Colombia Government International Bond                                                                                       | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    513000 | PA      | $506949.76    | 0.06%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                    | Corp Financiera de Desarrollo SA                                                                                             | CUSIP: 21987DAE4<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |   2300000 | PA      | $1983750.00   | 0.23%             | 2027-09-28      | Fixed         | 2.40%                 | Yes           |                  2 | On Loan: No      |
| Bank of America N.A.                                        | PURCHASED USD / SOLD EUR                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-217309.17   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                              | PURCHASED BRL / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | BR        |         1 | NC      | $21345.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                              | PURCHASED USD / SOLD BRL                                                                                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-23920.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                                        | PURCHASED IDR / SOLD USD                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | ID        |         1 | NC      | $17375.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                          | Dominican Republic International Bond                                                                                        | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   2650000 | PA      | $2255911.69   | 0.26%             | 2032-09-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                                     | EIG Pearl Holdings Sarl                                                                                                      | CUSIP: 28249NAB7<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |   1200000 | PA      | $954000.00    | 0.11%             | 2046-11-30      | Fixed         | 4.39%                 | Yes           |                  2 | On Loan: No      |
| FONDO MIVIVIENDA SA                                         | Fondo MIVIVIENDA SA                                                                                                          | CUSIP: 344593AF5<br>LEI: 549300X41PNOK11PZ670 | Long             | DBT              | NUSS              | PE        |    700000 | PA      | $679621.38    | 0.08%             | 2027-04-12      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| FRONTERA ENERGY CORP                                        | Frontera Energy Corp                                                                                                         | CUSIP: 35905BAC1<br>LEI: A25574TZFLBNK7NWQT47 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1326495.00   | 0.15%             | 2028-06-21      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| GOL FINANCE SA                                              | Gol Finance SA                                                                                                               | CUSIP: 36254VAA6<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | LU        |    840000 | PA      | $440748.00    | 0.05%             | 2025-01-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                                       | GC Treasury Center Co Ltd                                                                                                    | CUSIP: 36830DAF8<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |    300000 | PA      | $260325.00    | 0.03%             | 2052-03-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                                            | Guara Norte Sarl                                                                                                             | CUSIP: 400666AA1<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | LU        |   4552850 | PA      | $4126703.24   | 0.48%             | 2034-06-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Kingdom of Jordan                                           | JORDAN GOVERNMENT INTERNATIONAL BOND                                                                                         | CUSIP: 418097AJ0<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    500000 | PA      | $449014.00    | 0.05%             | 2047-10-10      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| LA CONSTRUCCION SA                                          | Inversiones La Construccion SA                                                                                               | CUSIP: 46090BAA7<br>LEI: 254900IMQ8BOPW9UKX13 | Long             | DBT              | CORP              | CL        |   1000000 | PA      | $836180.00    | 0.10%             | 2032-02-07      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                           | Kosmos Energy Ltd                                                                                                            | CUSIP: 500688AF3<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $891245.00    | 0.10%             | 2027-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                           | MDGH GMTN RSC Ltd                                                                                                            | CUSIP: 55285GAB0<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    800000 | PA      | $855882.40    | 0.10%             | 2033-04-28      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MEITUAN                                                     | Meituan                                                                                                                      | CUSIP: 58533EAC7<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $488901.53    | 0.06%             | 2030-10-28      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| MX REMIT FUND FIDUC EST                                     | Mexico Remittances Funding Fiduciary Estate Management Sarl                                                                  | CUSIP: 593035AA6<br>LEI: 54930007WQ6S3GFCM563 | Long             | DBT              | CORP              | LU        |   1500000 | PA      | $1386048.44   | 0.16%             | 2028-01-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                                     | Mong Duong Finance Holdings BV                                                                                               | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |   1750000 | PA      | $1566250.14   | 0.18%             | 2029-05-07      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                         | Nigeria Government International Bond                                                                                        | CUSIP: 65412JAS2<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    600000 | PA      | $427500.00    | 0.05%             | 2033-09-28      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                         | Nigeria Government International Bond                                                                                        | CUSIP: 65412JAU7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   2800000 | PA      | $2327886.40   | 0.27%             | 2029-03-24      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | Oman Government International Bond                                                                                           | CUSIP: 68205LAB9<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   2000000 | PA      | $2047360.00   | 0.24%             | 2029-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Panama Canal Railway Co                                     | Panama Canal Railway Co                                                                                                      | CUSIP: 698146AA5<br>LEI: 213800RP74K9SLU23Y87 | Long             | DBT              | CORP              | KY        |    361816 | PA      | $371016.95    | 0.04%             | 2026-11-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                         | Petroleos Mexicanos                                                                                                          | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2500000 | PA      | $1965762.00   | 0.23%             | 2035-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                         | PETROLEOS MEXICANOS                                                                                                          | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   6800000 | PA      | $4726987.90   | 0.55%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                     | Philippine Government International Bond                                                                                     | CUSIP: 718286CW5<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    450000 | PA      | $457239.97    | 0.05%             | 2033-07-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POSCO                                                       | POSCO                                                                                                                        | CUSIP: 73730EAC7<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |   1500000 | PA      | $1522972.44   | 0.18%             | 2026-01-17      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| POSCO                                                       | POSCO                                                                                                                        | CUSIP: 73730EAD5<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |   1350000 | PA      | $1394078.12   | 0.16%             | 2028-01-17      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                     | Reliance Industries Ltd                                                                                                      | CUSIP: 759470BD8<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |   1500000 | PA      | $1088429.01   | 0.13%             | 2052-01-12      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA                                                     | Romanian Government International Bond                                                                                       | CUSIP: 77586RAJ9<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    500000 | PA      | $349821.00    | 0.04%             | 2051-02-14      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| SK HYNIX INC                                                | SK Hynix Inc                                                                                                                 | CUSIP: 78392BAF4<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    300000 | PA      | $304512.24    | 0.04%             | 2033-01-17      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                    | Saudi Government International Bond                                                                                          | CUSIP: 80413TBC2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    300000 | PA      | $303840.00    | 0.04%             | 2028-01-18      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                    | Saudi Government International Bond                                                                                          | CUSIP: 80413TBE8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   1000000 | PA      | $952740.00    | 0.11%             | 2053-01-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SINOPEC GRP OVERSEA 2015                                    | Sinopec Group Overseas Development 2015 Ltd                                                                                  | CUSIP: 82938BAC4<br>LEI: 5299002Z28NLP3WPFH36 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $386712.44    | 0.05%             | 2025-04-28      | Fixed         | 3.25%                 | 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%             | 2027-02-17      | Fixed         | 7.60%                 | Yes           |                  3 | On Loan: No      |
| STATE GRID OVERSEAS INV                                     | State Grid Overseas Investment 2016 Ltd                                                                                      | CUSIP: 857006AM2<br>LEI: 3003006V8BHG5158QO96 | Long             | DBT              | CORP              | VG        |    900000 | PA      | $900066.56    | 0.11%             | 2028-05-02      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SWEIHAN PV POWER CO PJSC                                    | Sweihan PV Power Co PJSC                                                                                                     | CUSIP: 870674AA6<br>LEI: 353800EF1E1IC18GBC48 | Long             | DBT              | CORP              | AE        |   2044518 | PA      | $1716661.14   | 0.20%             | 2049-01-31      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| TRUST F/1401                                                | Trust Fibra Uno                                                                                                              | CUSIP: 898324AC2<br>LEI: N/A                  | Long             | DBT              |  | MX        |   1500000 | PA      | $1464525.00   | 0.17%             | 2026-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Republic of Turkey                                          | Turkey Government International Bond                                                                                         | CUSIP: 900123AY6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    500000 | PA      | $411250.00    | 0.05%             | 2036-03-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                    | Turkiye Vakiflar Bankasi TAO                                                                                                 | CUSIP: 90015WAH6<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |   2000000 | PA      | $2011928.00   | 0.23%             | 2024-03-28      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                          | UKRAINE GOVERNMENT INTERNATIONAL BOND                                                                                        | CUSIP: 903724AW2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1505000 | PA      | $480576.60    | 0.06%             | 2041-08-01      | Variable      | 1.26%                 | Yes           |                  2 | On Loan: No      |
| VTR COMUNICACIONES SPA                                      | VTR Comunicaciones SpA                                                                                                       | CUSIP: 918367AA1<br>LEI: 213800XDZJKMC1AEUV94 | Long             | DBT              | CORP              | CL        |   1440000 | PA      | $1011168.00   | 0.12%             | 2028-01-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| XIAOMI BEST TIME INTL                                       | Xiaomi Best Time International Ltd                                                                                           | CUSIP: 98422HAA4<br>LEI: 254900IGJCVEY8WNJT74 | Long             | DBT              | CORP              | HK        |   1300000 | PA      | $1091431.85   | 0.13%             | 2030-04-29      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentina Bonar Bonds                                                                                                        | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1000000 | PA      | $296625.00    | 0.03%             | 2035-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                       | Argentina Bonar Bonds                                                                                                        | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   7000000 | PA      | $2283680.00   | 0.27%             | 2038-01-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                     | Energean Israel Finance Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |   3000000 | PA      | $2812500.00   | 0.33%             | 2026-03-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CT TRUST                                                    | CT Trust                                                                                                                     | CUSIP: 000000000<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |    500000 | PA      | $436534.88    | 0.05%             | 2032-02-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GOLDEN EAGLE RETAIL GRP                                     | Golden Eagle Retail Group Ltd                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $1084677.00   | 0.13%             | 2023-05-21      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                           | Vedanta Resources Finance II PLC                                                                                             | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $477631.23    | 0.06%             | 2023-04-23      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KENBOURNE INVEST SA                                         | Kenbourne Invest SA                                                                                                          | CUSIP: 000000000<br>LEI: 222100QGH6Y9KFYZ4B27 | Long             | DBT              | CORP              | LU        |    435000 | PA      | $404963.25    | 0.05%             | 2024-11-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                             | MV24 Capital BV                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   4282500 | PA      | $4090729.65   | 0.48%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                                     | Bahamas Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |    500000 | PA      | $482705.44    | 0.06%             | 2024-01-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DEL PERU                                     | Banco Internacional del Peru SAA Interbank                                                                                   | CUSIP: 000000000<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |   1000000 | PA      | $1002300.00   | 0.12%             | 2029-03-19      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                             | Cemex SAB de CV                                                                                                              | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $921350.00    | 0.11%             | 2026-06-08      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                          | Dominican Republic International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   2300000 | PA      | $2290844.62   | 0.27%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                          | Dominican Republic International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   6250000 | PA      | $5390078.31   | 0.63%             | 2048-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HUNT OIL CO OF PERU                                         | Hunt Oil Co of Peru LLC Sucursal Del Peru                                                                                    | CUSIP: 000000000<br>LEI: 549300SVO0550J3IKN50 | Long             | DBT              | CORP              | PE        |   2185000 | PA      | $2103228.60   | 0.25%             | 2028-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OLEODUCTO CENTRAL SA                                        | Oleoducto Central SA                                                                                                         | CUSIP: 000000000<br>LEI: 254900W4CPYCQFVH5E92 | Long             | DBT              | CORP              | CO        |   2000000 | PA      | $1779655.50   | 0.21%             | 2027-07-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                     | Adani Ports & Special Economic Zone Ltd                                                                                      | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $144571.74    | 0.02%             | 2031-02-02      | Fixed         | 3.10%                 | 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        |   1050000 | PA      | $957753.52    | 0.11%             | 2028-10-04      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BUKIT MAKMUR MANDIRI UTA                                    | Bukit Makmur Mandiri Utama PT                                                                                                | CUSIP: 000000000<br>LEI: 254900Z05E8W7X31K395 | Long             | DBT              | CORP              | ID        |    800000 | PA      | $734360.00    | 0.09%             | 2026-02-10      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MTN MAURITIUS INVSTMENTS                                    | MTN Mauritius Investments Ltd                                                                                                | CUSIP: 000000000<br>LEI: 2549009PQD415OQIR074 | Long             | DBT              | CORP              | MU        |    851000 | PA      | $833129.00    | 0.10%             | 2024-11-11      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd                                      | Eskom Holdings SOC Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |   6500000 | PA      | $6255795.00   | 0.73%             | 2025-02-11      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Republic of Gabon                                           | Gabon Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |   1900000 | PA      | $1841328.00   | 0.22%             | 2025-06-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                    | Turkcell Iletisim Hizmetleri AS                                                                                              | CUSIP: 000000000<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |   1500000 | PA      | $1417470.00   | 0.17%             | 2025-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                          | Ukraine Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    500000 | PA      | $122593.00    | 0.01%             | 2024-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MHP SE                                                      | MHP SE                                                                                                                       | CUSIP: 000000000<br>LEI: 213800D7DXFXGA292757 | Long             | DBT              | CORP              | CY        |   2400000 | PA      | $1220256.00   | 0.14%             | 2024-05-10      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TURKIYE PETROL RAFINERI                                     | Tupras Turkiye Petrol Rafinerileri AS                                                                                        | CUSIP: 000000000<br>LEI: 789000RCNG97UV50EE03 | Long             | DBT              | CORP              | TR        |   4000000 | PA      | $3838320.00   | 0.45%             | 2024-10-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                                     | Pakistan Government International Bond                                                                                       | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |   1500000 | PA      | $630000.00    | 0.07%             | 2027-12-05      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                      | Oman Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   4000000 | PA      | $3941080.00   | 0.46%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                             | Nigeria Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   1200000 | PA      | $912624.00    | 0.11%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd                                      | Eskom Holdings SOC Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |   1000000 | PA      | $958620.00    | 0.11%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                         | Ecuador Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   1500000 | PA      | $995584.08    | 0.12%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                         | Ecuador Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   8825000 | PA      | $4278645.84   | 0.50%             | 2035-07-31      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                         | Ecuador Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   4462500 | PA      | $1871874.52   | 0.22%             | 2040-07-31      | Variable      | 1.50%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                          | Morocco Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |   1000000 | PA      | $882080.00    | 0.10%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-23

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer