# EDGAR Filing Document

**Accession Number:** 0001738078
**File Stem:** 0001752724-23-040596
**Filing Date:** 2023-2
**Character Count:** 70560
**Document Hash:** 66574d63464dc4ad455d9a18125b38a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040596.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040596

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Funds V
- **CENTRAL INDEX KEY:** 0001738078
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23339
- **FILM NUMBER:** 23668261

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### BlackRock Sustainable Emerging Markets Bond Fund (Series ID: S000062366)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202314 | Institutional Shares |  |
| C000202315 | Class K Shares       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Funds V

- **b. Investment Company Act file number:** 811-23339

- **c. CIK number of Registrant:** 0001738078

- **d. LEI of Registrant:** 54930077DSFQPJDWM487

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Sustainable Emerging Markets Bond Fund

- **b. EDGAR series identifier (if any):** S000062366

- **c. LEI of Series:** 5493007O6ENRNQTXV571

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $17997484.93

**Total Liabilities:** $351564.75

**Net Assets:** $17645920.18

**Cash Not Reported:** $27087.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.24000000 | **1-Year:** 25.00000000 | **5-Year:** 1845.59000000 | **10-Year:** 1642.57000000 | **30-Year:** 2877.83000000

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

- **3-Month:** 0.00000000 | **1-Year:** 43.23000000 | **5-Year:** 1578.31000000 | **10-Year:** 1596.10000000 | **30-Year:** 2342.30000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000202315 | 0.43%                | 8.42%                | 0.31%                |
| Class ID C000202314 | 0.42%                | 8.41%                | 0.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-203872.37              | $176061.81                                 |
| Month 2  | $-218559.54              | $1674085.62                                |
| Month 3  | $-50267.38               | $-13329.94                                 |

**Designated Index Information**

- **Index Name:** JP Morgan EMBI Global Diversified Index

- **Index Identifier:** JPGCCOMP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bank of America N.A.                   | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-112.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                   | Colombia Government International Bond                  | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $137225.00    | 0.78%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                         | PURCHASED USD / SOLD COP                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-3451.12     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | MX        |         1 | NC      | $941.91       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Peru                       | Peruvian Government International Bond                  | CUSIP: 715638BU5<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    100000 | PA      | $95831.25     | 0.54%             | 2027-08-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                | Hungary Government International Bond                   | CUSIP: 445545AF3<br>LEI: 5299008DH62LEB10JK83 | Long             | DBT              | NUSS              | HU        |     40000 | PA      | $43607.50     | 0.25%             | 2041-03-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                      | PURCHASED USD / SOLD TRY                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-14342.50    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                  | Argentine Republic Government International Bond        | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    538785 | PA      | $169649.93    | 0.96%             | 2038-01-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| UBS AG                                 | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | JP        |         1 | NC      | $5992.14      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Guatemala                  | Guatemala Government Bond                               | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $188537.50    | 1.07%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                       | PURCHASED USD / SOLD MXN                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $971.15       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                   | Colombia Government International Bond                  | CUSIP: 195325BM6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    250000 | PA      | $198875.00    | 1.13%             | 2041-01-18      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BANQUE OUEST AFRICAINE D               | Banque Ouest Africaine de Developpement                 | CUSIP: 000000000<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |    100000 | PA      | $80369.35     | 0.46%             | 2033-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa               | Republic of South Africa Government International Bond  | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $185475.00    | 1.05%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                   | PURCHASED BRL / SOLD USD                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | BR        |         1 | NC      | $3397.80      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                       | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | MX        |         1 | NC      | $-644.65      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-715.28      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                 | Brazilian Government International Bond                 | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    310000 | PA      | $268305.00    | 1.52%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                            | Corp Nacional del Cobre de Chile                        | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $174350.00    | 0.99%             | 2029-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Qatar                         | Qatar Government International Bond                     | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    200000 | PA      | $193475.00    | 1.10%             | 2049-03-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-28794.52    | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                         | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-719.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND               | Saudi Government International Bond                     | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $156662.50    | 0.89%             | 2055-01-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UBS AG                                 | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-745.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD MXN                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $378.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International            | PURCHASED COP / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CO        |         1 | NC      | $-241.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                     | Morocco Government International Bond                   | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $157975.00    | 0.90%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                            | Ivory Coast Government International Bond               | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     68964 | PA      | $64839.04     | 0.37%             | 2032-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                      | PURCHASED BRL / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |         1 | NC      | $840.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                  | Mexico Government International Bond                    | CUSIP: 91087BAK6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $187037.50    | 1.06%             | 2032-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                   | PURCHASED USD / SOLD MXN                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-1962.59     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                         | PURCHASED USD / SOLD COP                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $91.95        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY               | Uruguay Government International Bond                   | CUSIP: 917288BK7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    350000 | PA      | $348425.00    | 1.97%             | 2031-01-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                | Romanian Government International Bond                  | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    110000 | PA      | $97130.00     | 0.55%             | 2027-02-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                     | Republic of Poland Government International Bond        | CUSIP: 857524AD4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    130000 | PA      | $132915.90    | 0.75%             | 2027-11-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                   | Colombia Government International Bond                  | CUSIP: 195325BR5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    400000 | PA      | $293200.00    | 1.66%             | 2044-02-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL            | SWAP/CDSWAP/SCDS: (TURKEY)                              | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | US        |    123000 | OU      | $19573.10     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST                            | Ivory Coast Government International Bond               | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    100000 | PA      | $84251.07     | 0.48%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                | Romanian Government International Bond                  | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     50000 | PA      | $39650.00     | 0.22%             | 2032-03-27      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                     | Panama Government International Bond                    | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $150850.00    | 0.85%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                  | Indonesia Government International Bond                 | CUSIP: 455780CQ7<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $178350.00    | 1.01%             | 2030-02-14      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED ZAR / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | ZA        |         1 | NC      | $3541.43      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                   | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | XX        |         1 | NC      | $118.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD CLP                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-7617.66     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                     | Serbia International Bond                               | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    120000 | PA      | $92029.22     | 0.52%             | 2028-09-23      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.        | SWAP/CDSWAP/ICE: (ITRAXX.EUR.38.V1)                     | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | XX        |     70000 | OU      | $-350.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                      | Ghana Government International Bond                     | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    200000 | PA      | $68500.00     | 0.39%             | 2049-06-16      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                      | Jordan Government International Bond                    | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    250000 | PA      | $222234.38    | 1.26%             | 2030-07-07      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY               | Uruguay Government International Bond                   | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     20762 | PA      | $19983.43     | 0.11%             | 2055-04-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                 | Egypt Government International Bond                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $179000.00    | 1.01%             | 2025-10-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                     | Dominican Republic International Bond                   | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    250000 | PA      | $216062.50    | 1.22%             | 2045-01-27      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| UBS AG                                 | PURCHASED USD / SOLD ZAR                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-1899.86     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                 | Brazilian Government International Bond                 | CUSIP: 105756BW9<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $147975.00    | 0.84%             | 2045-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                 | US 10YR NOTE (CBT)MAR23                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -5 | NC      | $5634.71      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                 | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-2155.57     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                       | Peruvian Government International Bond                  | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    278000 | PA      | $229836.50    | 1.30%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                   | PURCHASED USD / SOLD HUF                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-10233.97    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL            | SWAP/CDSWAP/SCDS: (TURKEY)                              | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | US        |    531000 | OU      | $84498.49     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International            | PURCHASED USD / SOLD COP                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-1653.19     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | MX        |         1 | NC      | $-137.07      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L                   | Abu Dhabi Government International Bond                 | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $164600.00    | 0.93%             | 2031-03-02      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY               | Uruguay Government International Bond                   | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    160000 | PA      | $157760.00    | 0.89%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL     | SWAP/CDSWAP/CDS: (CDX.EM.38.V1)                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | US        |     40000 | OU      | $2322.58      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                | Romanian Government International Bond                  | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    210000 | PA      | $143559.32    | 0.81%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                    | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | MX        |         1 | NC      | $2279.89      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                   | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $94.69        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED ZAR / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | ZA        |         1 | NC      | $5645.75      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama                     | Panama Government International Bond                    | CUSIP: 698299BG8<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $153350.00    | 0.87%             | 2047-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                   | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | MX        |         1 | NC      | $1524.03      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE OF QATAR                         | Qatar Government International Bond                     | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    250000 | PA      | $241218.75    | 1.37%             | 2030-04-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                         | PURCHASED USD / SOLD COP                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-55.20       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                  | Indonesia Government International Bond                 | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $181272.00    | 1.03%             | 2047-07-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                  | Argentine Republic Government International Bond        | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    349904 | PA      | $88963.09     | 0.50%             | 2046-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                  | Indonesia Government International Bond                 | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    180000 | PA      | $138465.32    | 0.78%             | 2034-03-23      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | JP        |         1 | NC      | $2596.36      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                      | Chile Government International Bond                     | CUSIP: 168863DL9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $144037.50    | 0.82%             | 2050-01-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD BRL                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-109.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                  | Argentine Republic Government International Bond        | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     44503 | PA      | $11793.30     | 0.07%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                  | Costa Rica Government International Bond                | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    200000 | PA      | $193537.50    | 1.10%             | 2031-02-19      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Government of Jamaica                  | Jamaica Government International Bond                   | CUSIP: 470160CA8<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    200000 | PA      | $211100.00    | 1.20%             | 2028-04-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.        | SWAP/CDSWAP/ICE: (CDX.NA.IG.39.V1)                      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    120000 | OU      | $-1122.85     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL     | SWAP/CDSWAP/SCDS: (COLOM)                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | US        |    309000 | OU      | $22394.77     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED COP / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CO        |         1 | NC      | $-826.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD MXN                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-367.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                    | Ecuador Government International Bond                   | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    291532 | PA      | $133339.45    | 0.76%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                 | Oman Government International Bond                      | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    200000 | PA      | $181500.00    | 1.03%             | 2047-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                       | PURCHASED USD / SOLD MXN                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-3211.69     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                      | PURCHASED CLP / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CL        |         1 | NC      | $10452.98     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                 | Egypt Government International Bond                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $124500.00    | 0.71%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| NPC UKRENERGO                          | NPC Ukrenergo                                           | CUSIP: 000000000<br>LEI: 8945009LCLS92V4AK321 | Long             | DBT              | CORP              | UA        |    200000 | PA      | $33475.00     | 0.19%             | 2028-11-09      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                  | Sri Lanka Government International Bond                 | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $58475.00     | 0.33%             | 2024-06-28      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                     | Dominican Republic International Bond                   | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    300000 | PA      | $254493.75    | 1.44%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | MX        |         1 | NC      | $322.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                     | Panama Government International Bond                    | CUSIP: 698299BK9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $171725.00    | 0.97%             | 2030-01-23      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                    | Ecuador Government International Bond                   | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     65050 | PA      | $41379.93     | 0.23%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                   | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |         1 | NC      | $718.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                  | Argentine Republic Government International Bond        | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    770010 | PA      | $194042.52    | 1.10%             | 2035-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | MX        |         1 | NC      | $330.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD ZAR                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-1170.62     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL     | SWAP/CDSWAP/SCDS: (KSA)                                 | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | US        |    219000 | OU      | $-3835.03     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International            | PURCHASED USD / SOLD PLN                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-189.91      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                    | Benin Government International Bond                     | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |    140000 | PA      | $108538.23    | 0.62%             | 2035-01-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United Mexican States                  | Mexico Government International Bond                    | CUSIP: 91086QBF4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $155287.50    | 0.88%             | 2046-01-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                    | Ecuador Government International Bond                   | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    113735 | PA      | $72349.68     | 0.41%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                 | Egypt Government International Bond                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    300000 | PA      | $199875.00    | 1.13%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | XX        |         1 | NC      | $1825.87      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-2955.47     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                         | PURCHASED COP / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | CO        |         1 | NC      | $-21.90       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                | Romanian Government International Bond                  | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    196000 | PA      | $153590.50    | 0.87%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-281.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                  | Argentine Republic Government International Bond        | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    312240 | PA      | $84460.92     | 0.48%             | 2030-07-09      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD CLP                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-2047.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                   | Colombia Government International Bond                  | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $145100.00    | 0.82%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                     | Bahrain Government International Bond                   | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $175850.00    | 1.00%             | 2032-09-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                       | Peruvian Government International Bond                  | CUSIP: 715638DU3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    155000 | PA      | $122043.13    | 0.69%             | 2034-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED ZAR / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | ZA        |         1 | NC      | $5890.86      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                    | Ecuador Government International Bond                   | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    261945 | PA      | $119807.09    | 0.68%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                      | Chile Government International Bond                     | CUSIP: 168863DT2<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $156350.00    | 0.89%             | 2033-07-27      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                     | Republic of Poland Government International Bond        | CUSIP: 857524AE2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     60000 | PA      | $63587.40     | 0.36%             | 2032-11-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UBS AG                                 | PURCHASED USD / SOLD PLN                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-9809.99     | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                     | Ukraine Government International Bond                   | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    200000 | PA      | $37287.50     | 0.21%             | 2035-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                   | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |         1 | NC      | $9371.57      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                  | Mexico Government International Bond                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    140000 | PA      | $106243.45    | 0.60%             | 2036-08-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                       | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | MX        |         1 | NC      | $400.78       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                         | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-1183.76     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom Of Bahrain                     | Bahrain Government International Bond                   | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $181850.00    | 1.03%             | 2031-09-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                   | PURCHASED USD / SOLD MXN                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-3652.17     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                 | Brazilian Government International Bond                 | CUSIP: 105756CE8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $168000.00    | 0.95%             | 2031-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United Mexican States                  | Mexico Government International Bond                    | CUSIP: 91087BAF7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $191000.00    | 1.08%             | 2029-04-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                   | Paraguay Government International Bond                  | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    200000 | PA      | $193037.50    | 1.09%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                | Hungary Government International Bond                   | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $146975.00    | 0.83%             | 2031-09-22      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                 | Oman Government International Bond                      | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    400000 | PA      | $393575.00    | 2.23%             | 2028-01-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                     | Dominican Republic International Bond                   | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    180000 | PA      | $148815.00    | 0.84%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY               | Uruguay Government International Bond                   | CUSIP: 760942AY8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     66238 | PA      | $61270.15     | 0.35%             | 2045-11-20      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                    | Ecuador Government International Bond                   | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    115350 | PA      | $46702.33     | 0.26%             | 2040-07-31      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                      | MDGH GMTN RSC Ltd                                       | CUSIP: 000000000<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $193975.00    | 1.10%             | 2024-04-19      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International            | PURCHASED USD / SOLD COP                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-4745.04     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                | Romanian Government International Bond                  | CUSIP: 77586RAN0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     40000 | PA      | $38270.00     | 0.22%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L                   | Abu Dhabi Government International Bond                 | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $168537.50    | 0.96%             | 2050-04-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                      | Republic of Kenya Government International Bond         | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    200000 | PA      | $176000.00    | 1.00%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                     | Ukraine Government International Bond                   | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    300000 | PA      | $63056.25     | 0.36%             | 2026-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                | Romanian Government International Bond                  | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     60000 | PA      | $47580.00     | 0.27%             | 2048-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UBS AG                                 | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | MX        |         1 | NC      | $676.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PERUSAHAAN PENERBIT SBSN               | Perusahaan Penerbit SBSN Indonesia III                  | CUSIP: 71567PAU4<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $197772.00    | 1.12%             | 2027-06-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                | El Salvador Government International Bond               | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     85000 | PA      | $36805.00     | 0.21%             | 2027-01-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                      | Gabon Government International Bond                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |    200000 | PA      | $188000.00    | 1.07%             | 2025-06-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                  | Sharjah Sukuk Program Ltd                               | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    300000 | PA      | $263681.25    | 1.49%             | 2029-10-23      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                     | Ukraine Government International Bond                   | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    130000 | PA      | $27608.75     | 0.16%             | 2029-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                 | Egypt Government International Bond                     | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $147287.50    | 0.83%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                      | Ghana Government International Bond                     | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    200000 | PA      | $75000.00     | 0.43%             | 2027-02-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND               | Saudi Government International Bond                     | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    400000 | PA      | $347450.00    | 1.97%             | 2032-02-03      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GEORGIAN RAILWAY JSC                   | Georgian Railway JSC                                    | CUSIP: 000000000<br>LEI: 2138005UZV4ZT2B2ZO19 | Long             | DBT              | CORP              | GE        |    200000 | PA      | $173850.00    | 0.99%             | 2028-06-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                 | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-350.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                      | Ghana Government International Bond                     | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    200000 | PA      | $70750.00     | 0.40%             | 2032-03-26      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA               | Republic of South Africa Government International Bond  | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $177475.00    | 1.01%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                       | Peruvian Government International Bond                  | CUSIP: 715638DP4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     70000 | PA      | $51091.25     | 0.29%             | 2032-12-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                            | Ivory Coast Government International Bond               | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $178000.00    | 1.01%             | 2033-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                | El Salvador Government International Bond               | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     68000 | PA      | $29401.50     | 0.17%             | 2029-02-28      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds              | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1089816 | NS      | $1089815.79   | 6.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UKRAINE GOVERNMENT                     | Ukraine Government International Bond                   | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    304000 | PA      | $86602.00     | 0.49%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | MX        |         1 | NC      | $282.18       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                 | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-874.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                      | EURO-BUXL 30Y BND MAR23                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -1 | NC      | $29136.83     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF CHILE                      | Chile Government International Bond                     | CUSIP: 168863DN5<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    400000 | PA      | $327075.00    | 1.85%             | 2032-01-27      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND               | Saudi Government International Bond                     | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $181725.00    | 1.03%             | 2030-10-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                 | Oman Government International Bond                      | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    250000 | PA      | $232703.13    | 1.32%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                     | Panama Government International Bond                    | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $146662.50    | 0.83%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                | Hungary Government International Bond                   | CUSIP: 445545AP1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $190162.50    | 1.08%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                     | Ukraine Government International Bond                   | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    230000 | PA      | $47696.25     | 0.27%             | 2027-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                  | Mexico Government International Bond                    | CUSIP: 91087BAL4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    240000 | PA      | $194745.00    | 1.10%             | 2051-04-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LTD                  | DP World Crescent Ltd                                   | CUSIP: 000000000<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $183912.50    | 1.04%             | 2030-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Republic of Sri Lanka                  | Sri Lanka Government International Bond                 | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $61600.00     | 0.35%             | 2025-06-03      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                    | Senegal Government International Bond                   | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    200000 | PA      | $140475.00    | 0.80%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa               | Republic of South Africa Government International Bond  | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    400000 | PA      | $294000.00    | 1.67%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                | El Salvador Government International Bond               | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     60000 | PA      | $23561.25     | 0.13%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC | PURCHASED USD / SOLD MXN                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-1810.05     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                | Philippine Government International Bond                | CUSIP: 718286CC9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    363000 | PA      | $337629.93    | 1.91%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                      | Ghana Government International Bond                     | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    205000 | PA      | $73800.00     | 0.42%             | 2029-05-16      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                 | US ULTRA BOND CBT MAR23                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -3 | NC      | $35700.69     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                      | PURCHASED CLP / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CL        |         1 | NC      | $4736.15      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                      | Ghana Government International Bond                     | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    235000 | PA      | $83395.63     | 0.47%             | 2034-04-07      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** BlackRock Funds V

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer