# EDGAR Filing Document

**Accession Number:** 0000836906
**File Stem:** 0000836906-25-000257
**Filing Date:** 2025-11
**Character Count:** 129166
**Document Hash:** 7e017c69559fc665a759711bda05b062
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000836906-25-000257.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000836906-25-000257

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD MALVERN FUNDS
- **CENTRAL INDEX KEY:** 0000836906

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05628
- **FILM NUMBER:** 251518246

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD ASSET ALLOCATION FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Vanguard Emerging Markets Bond Fund (Series ID: S000053069)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000166997 | Admiral Shares  | VEGBX           |
| C000166998 | Investor Shares | VEMBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD MALVERN FUNDS

- **b. Investment Company Act file number:** 811-05628

- **c. CIK number of Registrant:** 0000836906

- **d. LEI of Registrant:** 549300EW16IGZDA38J20

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD EMERGING MARKETS BOND FUND

- **b. EDGAR series identifier (if any):** S000053069

- **c. LEI of Series:** 5493006QRHGOC6VL4381

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $5076188937.51

**Total Liabilities:** $48360949.40

**Net Assets:** $5027827988.11

**Cash Not Reported:** $17155234.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -5347.71495862 | **1-Year:** -71123.05978084 | **5-Year:** -435653.89656327 | **10-Year:** -524285.11731546 | **30-Year:** -260464.49262734

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

- **3-Month:** -5688.28808275 | **1-Year:** -144053.71379895 | **5-Year:** -453571.80239264 | **10-Year:** -465755.59880830 | **30-Year:** -225865.34121354

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000166997 | 0.90%                | 1.60%                | 1.61%                |
| Class ID C000166998 | 0.89%                | 1.57%                | 1.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16669838.03             | $-14599255.59                              |
| Month 2  | $7236228.30              | $52161060.95                               |
| Month 3  | $4665360.93              | $38506589.49                               |

**Designated Index Information**

- **Index Name:** JP Morgan Emerging Markets Bond Index Global Diversified

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                              | SOFR 1yr MidCurve Dec25P          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        7688 | NC      | $961000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2896.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $44441.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-912.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5005.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2365.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $361.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | IDR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $303237.14    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | HKD/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-13911.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | PLN/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-697.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | MXN/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-494439.43   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-517947.18   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | CZK/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-15842.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3971.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | MXN/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4219.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | CAD/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3392.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | CZK/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2739.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | HUF/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1498.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-13508.58    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $311386.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-41828.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-474.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3633.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR/USD FWD 20251217              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2123.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund                | Vanguard Market Liquidity Fund    | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |   165425987 | NS      | $165425986.80 | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | EURO-SCHATZ FUT   Dec25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          -2 | NC      | $268.65       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | US 5YR NOTE (CBT) Dec25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -4306 | NC      | $1359055.69   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Oman Government International Bond                               | OMAN INTRNL BOND                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | OM        |    14360000 | PA      | $14688485.00  | 0.29%             | 2028-01-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | EURO-BOBL FUTURE  Dec25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -1520 | NC      | $34638.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | EURO-BUND FUTURE  Dec25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -1249 | NC      | $-531619.87   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | US 2YR NOTE (CBT) Dec25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -1860 | NC      | $-248826.39   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | US 10YR NOTE (CBT)Dec25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        1256 | NC      | $804797.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                                                  | ANTOFAGASTA                       | CUSIP: 03718NAD8<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    12503000 | PA      | $12747149.46  | 0.25%             | 2035-09-09      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Argentine Republic Government International Bond                 | ARGENTINA                         | CUSIP: 040114HS2<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    91174800 | PA      | $61579149.01  | 1.22%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond                 | ARGENTINA                         | CUSIP: 040114HT0<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    25410000 | PA      | $13274288.69  | 0.26%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond                 | ARGENTINA                         | CUSIP: 040114HU7<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    22964637 | PA      | $12911664.61  | 0.26%             | 2038-01-09      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond                 | ARGENTINA                         | CUSIP: 040114HV5<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    41870000 | PA      | $20323511.26  | 0.40%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond                 | ARGENTINA                         | CUSIP: 040114HW3<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    14513864 | PA      | $7590469.69   | 0.15%             | 2046-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond                 | ARGENTINA                         | CUSIP: 040114HX1<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |      740614 | PA      | $540580.65    | 0.01%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Baiterek National Managing Holding JSC                           | BAITEREK NATIONA                  | CUSIP: 05709VAA2<br>LEI: N/A                  | Long             | DBT              | NUSS              | KZ        |     5600000 | PA      | $5708784.42   | 0.11%             | 2028-05-08      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple | FIEMEX ENERGI-BA                  | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     5947006 | PA      | $6355474.20   | 0.13%             | 2041-01-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Bank Gospodarstwa Krajowego                                      | BANK GOSPODARSTW                  | CUSIP: 06237MAC7<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |    27543000 | PA      | $28979306.58  | 0.58%             | 2034-07-09      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Benin Government International Bond                              | BENIN INTL BOND                   | CUSIP: 08205QAC2<br>LEI: N/A                  | Long             | DBT              | NUSS              | BJ        |    13100000 | PA      | $13724505.30  | 0.27%             | 2041-01-23      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Bidvest Group UK PLC/The                                         | BIDVEST GROUP UK                  | CUSIP: 088932AA6<br>LEI: 984500A80C777F496830 | Long             | DBT              | CORP              | GB        |     6200000 | PA      | $6240342.72   | 0.12%             | 2032-09-17      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Brazilian Government International Bond                          | BRAZIL REP OF                     | CUSIP: 105756CL2<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |    33100000 | PA      | $34444251.90  | 0.69%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Brazilian Government International Bond                          | BRAZIL REP OF                     | CUSIP: 105756CM0<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |    51465000 | PA      | $52501410.40  | 1.04%             | 2030-11-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brazilian Government International Bond                          | BRAZIL REP OF                     | CUSIP: 105756CN8<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |    41616000 | PA      | $42185394.27  | 0.84%             | 2056-01-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bond                              | CHILE                             | CUSIP: 168863CF3<br>LEI: N/A                  | Long             | DBT              | NUSS              | CL        |     1946000 | PA      | $1910305.75   | 0.04%             | 2028-02-06      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bond                              | CHILE                             | CUSIP: 168863DP0<br>LEI: N/A                  | Long             | DBT              | NUSS              | CL        |    29541000 | PA      | $26786152.27  | 0.53%             | 2031-01-31      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Colbun SA                                                        | COLBUN SA                         | CUSIP: 192714AF0<br>LEI: 5493003VQJLE2QB8IF36 | Long             | DBT              | CORP              | CL        |    14620000 | PA      | $14641531.90  | 0.29%             | 2035-09-11      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Colombia Government International Bond                           | COLOMBIA REP OF                   | CUSIP: 195325EL5<br>LEI: N/A                  | Long             | DBT              | NUSS              | CO        |     3600000 | PA      | $3866848.02   | 0.08%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                           | COLOMBIA REP OF                   | CUSIP: 195325EQ4<br>LEI: N/A                  | Long             | DBT              | NUSS              | CO        |    32323000 | PA      | $34246009.37  | 0.68%             | 2054-11-07      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                           | COLOMBIA REP OF                   | CUSIP: 195325ER2<br>LEI: N/A                  | Long             | DBT              | NUSS              | CO        |    10000000 | PA      | $10670327.80  | 0.21%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                           | COLOMBIA REP OF                   | CUSIP: 195325ES0<br>LEI: N/A                  | Long             | DBT              | NUSS              | CO        |    73152000 | PA      | $81022582.42  | 1.61%             | 2035-04-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Comision Ejecutiva Hidroelectrica del Rio Lempa                  | COMISIO RIO LEMP                  | CUSIP: 200444AA5<br>LEI: 254900YU43PQQ27Q0E71 | Long             | DBT              | CORP              | SV        |    21500000 | PA      | $22492480.85  | 0.45%             | 2033-01-24      | Fixed         | 8.65%                 | Yes           |                  2 | On Loan: No      |
| CORPORACION NACIONAL DEL COBRE DE CHILE                          | CDEL 6.78 1/13/2055               | CUSIP: 21987BBM9<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    18214000 | PA      | $19491799.89  | 0.39%             | 2055-01-13      | Fixed         | 6.78%                 | Yes           |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                        | IVORY COAST-PDI                   | CUSIP: 221625AV8<br>LEI: N/A                  | Long             | DBT              | NUSS              | CI        |    15820000 | PA      | $16362625.53  | 0.33%             | 2036-04-01      | Fixed         | 8.07%                 | Yes           |                  2 | On Loan: No      |
| Dominican Republic International Bond                            | DOMINICAN REPUBL                  | CUSIP: 25714PET1<br>LEI: N/A                  | Long             | DBT              | NUSS              | DO        |     5467000 | PA      | $5892212.38   | 0.12%             | 2031-02-03      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| Dominican Republic International Bond                            | DOMINICAN REPUBL                  | CUSIP: 25714PFB9<br>LEI: N/A                  | Long             | DBT              | NUSS              | DO        |    31616000 | PA      | $33813073.62  | 0.67%             | 2037-03-15      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| Ecopetrol SA                                                     | ECOPETROL SA                      | CUSIP: 279158AE9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     3630000 | PA      | $3343749.09   | 0.07%             | 2043-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                                     | ECOPETROL SA                      | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    25844000 | PA      | $23155970.99  | 0.46%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                                     | ECOPETROL SA                      | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    25007000 | PA      | $25853354.91  | 0.51%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond                        | EL SALVADOR REP                   | CUSIP: 283875CG5<br>LEI: N/A                  | Long             | DBT              | NUSS              | SV        |    24735000 | PA      | $26723252.23  | 0.53%             | 2054-11-21      | Fixed         | 9.65%                 | Yes           |                  2 | On Loan: No      |
| Energuate Trust 2 0                                              | ENERGUATE TR 2 0                  | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |    19990000 | PA      | $20121467.43  | 0.40%             | 2035-09-15      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Ghana Government International Bond                              | GHANA REP OF                      | CUSIP: 374422AL7<br>LEI: N/A                  | Long             | DBT              | NUSS              | GH        |      330112 | PA      | $318129.60    | 0.01%             | 2026-07-03      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ghana Government International Bond                              | GHANA REP OF                      | CUSIP: 374422AM5<br>LEI: N/A                  | Long             | DBT              | NUSS              | GH        |    23384944 | PA      | $22739112.18  | 0.45%             | 2029-07-03      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Ghana Government International Bond                              | GHANA REP OF                      | CUSIP: 374422AP8<br>LEI: N/A                  | Long             | DBT              | NUSS              | GH        |     7179936 | PA      | $6040274.02   | 0.12%             | 2035-07-03      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Guatemala Government Bond                                        | REP OF GUATEMALA                  | CUSIP: 401494AV1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GT        |     3639000 | PA      | $3673017.01   | 0.07%             | 2029-08-10      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Guatemala Government Bond                                        | REP OF GUATEMALA                  | CUSIP: 401494BA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | GT        |    12140000 | PA      | $12543404.79  | 0.25%             | 2036-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Guatemala Government Bond                                        | REP OF GUATEMALA                  | CUSIP: 401494BB4<br>LEI: N/A                  | Long             | DBT              | NUSS              | GT        |     6600000 | PA      | $6936086.06   | 0.14%             | 2055-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Hungary Government International Bond                            | HUNGARY                           | CUSIP: 445545AV8<br>LEI: N/A                  | Long             | DBT              | NUSS              | HU        |     1490000 | PA      | $1533314.02   | 0.03%             | 2030-09-26      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Hungary Government International Bond                            | HUNGARY                           | CUSIP: 445545AX4<br>LEI: N/A                  | Long             | DBT              | NUSS              | HU        |    21950000 | PA      | $23254413.65  | 0.46%             | 2055-09-23      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| State of Israel                                                  | STATE OF ISRAEL                   | CUSIP: 46513JXM8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     1327000 | PA      | $1222428.59   | 0.02%             | 2030-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Israel Government International Bond                             | STATE OF ISRAEL                   | CUSIP: 46514BRM1<br>LEI: N/A                  | Long             | DBT              | NUSS              | IL        |    26118000 | PA      | $24720705.28  | 0.49%             | 2054-03-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Israel Government International Bond                             | STATE OF ISRAEL                   | CUSIP: 46514Y8A8<br>LEI: N/A                  | Long             | DBT              | NUSS              | IL        |     6770000 | PA      | $6975390.83   | 0.14%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Jamaica Government International Bond                            | JAMAICA GOVT                      | CUSIP: 470160CA8<br>LEI: N/A                  | Long             | DBT              | NUSS              | JM        |     5020000 | PA      | $5233684.38   | 0.10%             | 2028-04-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Development Bank of Kazakhstan JSC                               | KAZAKH DEVELOPME                  | CUSIP: 48129VAB2<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |     8996000 | PA      | $9109706.56   | 0.18%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Kallpa Generacion SA                                             | KALLPA GENERACIO                  | CUSIP: 48344FAC4<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |    21500000 | PA      | $21646449.83  | 0.43%             | 2035-09-11      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Kazakhstan Government International Bond                         | KAZAKHSTAN                        | CUSIP: 486661BN0<br>LEI: N/A                  | Long             | DBT              | NUSS              | KZ        |    15700000 | PA      | $16030854.26  | 0.32%             | 2032-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| KSA Ijarah Sukuk Ltd                                             | KSA IJARAH SUKUK                  | CUSIP: 50116FAA0<br>LEI: 558600OCHJOSSXHWLV71 | Long             | DBT              | NUSS              | KY        |    49235000 | PA      | $49076601.16  | 0.98%             | 2030-09-09      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Latvia Government International Bond                             | REP OF LATVIA                     | CUSIP: 518417AD2<br>LEI: N/A                  | Long             | DBT              | NUSS              | LV        |    39045000 | PA      | $40061962.56  | 0.80%             | 2034-07-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Nigeria Government International Bond                            | REP OF NIGERIA                    | CUSIP: 65412AFC1<br>LEI: N/A                  | Long             | DBT              | NUSS              | NG        |     5600000 | PA      | $6042929.42   | 0.12%             | 2031-06-09      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| OCP SA                                                           | OCP SA                            | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    34940000 | PA      | $36622366.24  | 0.73%             | 2030-04-30      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Bapco Energies BSC Closed                                        | BAPCO ENERGIES                    | CUSIP: 67778NAA6<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |     6975000 | PA      | $7234973.73   | 0.14%             | 2027-10-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ORLEN SA                                                         | ORLEN SA                          | CUSIP: 68666UAA3<br>LEI: 259400VVMM70CQREJT74 | Long             | DBT              | CORP              | PL        |     7095000 | PA      | $7411181.72   | 0.15%             | 2035-01-30      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Panama Government International Bond                             | PANAMA                            | CUSIP: 698299BL7<br>LEI: N/A                  | Long             | DBT              | NUSS              | PA        |    28565000 | PA      | $18425850.68  | 0.37%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                           | PARAGUAY                          | CUSIP: 699149BY5<br>LEI: N/A                  | Long             | DBT              | NUSS              | PY        |    12225000 | PA      | $13033977.76  | 0.26%             | 2055-03-04      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PEMEX MASTER TR                   | CUSIP: 706451BR1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2415000 | PA      | $2183787.78   | 0.04%             | 2038-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                           | REPUBLIC OF PERU                  | CUSIP: 715638DA7<br>LEI: N/A                  | Long             | DBT              | NUSS              | PE        |     2895000 | PA      | $2718553.22   | 0.05%             | 2030-06-20      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                           | REPUBLIC OF PERU                  | CUSIP: 715638DF6<br>LEI: N/A                  | Long             | DBT              | NUSS              | PE        |   133882000 | PA      | $123586891.91 | 2.46%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                           | REPUBLIC OF PERU                  | CUSIP: 715638EB4<br>LEI: N/A                  | Long             | DBT              | NUSS              | PE        |     6624000 | PA      | $6753375.60   | 0.13%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                           | REPUBLIC OF PERU                  | CUSIP: 715638EC2<br>LEI: N/A                  | Long             | DBT              | NUSS              | PE        |    25760000 | PA      | $25883116.83  | 0.51%             | 2054-08-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                           | REPUBLIC OF PERU                  | CUSIP: 715638FD9<br>LEI: N/A                  | Long             | DBT              | NUSS              | PE        |    21685000 | PA      | $22603055.94  | 0.45%             | 2055-06-30      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                           | SBSN INDO III                     | CUSIP: 71567TAA0<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    27900000 | PA      | $28673232.04  | 0.57%             | 2029-07-02      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara        | PERUSAHAAN LISTR                  | CUSIP: 71568QAJ6<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |     3000000 | PA      | $2933794.86   | 0.06%             | 2029-07-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                                      | PETROBRAS                         | CUSIP: 71647NAQ2<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |      866000 | PA      | $889840.28    | 0.02%             | 2026-05-23      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                                      | PETROBRAS GLOB                    | CUSIP: 71647NBM0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    12152000 | PA      | $12007868.17  | 0.24%             | 2030-09-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                                      | PETROBRAS GLOB                    | CUSIP: 71647NBN8<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    12859000 | PA      | $12693026.96  | 0.25%             | 2036-01-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    17360000 | PA      | $14068776.45  | 0.28%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QBW1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    11270000 | PA      | $11211329.28  | 0.22%             | 2026-01-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QBX9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |        1000 | PA      | $758.26       | 0.00%             | 2046-01-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    50082000 | PA      | $50697536.83  | 1.01%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    22711000 | PA      | $18871118.37  | 0.38%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    58489000 | PA      | $59065622.58  | 1.17%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     4520000 | PA      | $4577247.74   | 0.09%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    17791000 | PA      | $18096897.92  | 0.36%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     7338000 | PA      | $6035848.86   | 0.12%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QDH2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    14733000 | PA      | $14723136.40  | 0.29%             | 2025-10-16      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                              | PETROLEOS MEXICA                  | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    26781000 | PA      | $28858499.92  | 0.57%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Petronas Capital Ltd                                             | PETRONAS CAP LTD                  | CUSIP: 716743AW9<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     9391000 | PA      | $9793691.71   | 0.19%             | 2035-04-03      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Petronas Capital Ltd                                             | PETRONAS CAP LTD                  | CUSIP: 716743AX7<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    40330000 | PA      | $42640442.38  | 0.85%             | 2055-04-03      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Port Of Spain Waterfront Development                             | PORT OF SPAIN                     | CUSIP: 73500YAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | TT        |    10415833 | PA      | $10558691.63  | 0.21%             | 2040-02-19      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                          | RAIZEN FUELS                      | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    20781000 | PA      | $20299782.28  | 0.40%             | 2032-07-08      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Romanian Government International Bond                           | ROMANIA                           | CUSIP: 77586RAY6<br>LEI: N/A                  | Long             | DBT              | NUSS              | RO        |    86220000 | PA      | $87791295.70  | 1.75%             | 2030-09-16      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond           | SOUTH AFRICA                      | CUSIP: 836205AU8<br>LEI: N/A                  | Long             | DBT              | NUSS              | ZA        |     3600000 | PA      | $3543402.31   | 0.07%             | 2028-10-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond           | SOUTH AFRICA                      | CUSIP: 836205AX2<br>LEI: N/A                  | Long             | DBT              | NUSS              | ZA        |    13502000 | PA      | $10849473.37  | 0.22%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond           | SOUTH AFRICA                      | CUSIP: 836205AY0<br>LEI: N/A                  | Long             | DBT              | NUSS              | ZA        |     5400000 | PA      | $5520462.50   | 0.11%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond           | SOUTH AFRICA                      | CUSIP: 836205BA1<br>LEI: N/A                  | Long             | DBT              | NUSS              | ZA        |    51884000 | PA      | $51273876.33  | 1.02%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond           | SOUTH AFRICA                      | CUSIP: 836205BB9<br>LEI: N/A                  | Long             | DBT              | NUSS              | ZA        |    65648000 | PA      | $52557982.46  | 1.05%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond           | SOUTH AFRICA                      | CUSIP: 836205BG8<br>LEI: N/A                  | Long             | DBT              | NUSS              | ZA        |    68070000 | PA      | $69109294.12  | 1.37%             | 2054-11-19      | Fixed         | 7.95%                 | Yes           |                  2 | On Loan: No      |
| Turkiye Government International Bond                            | TURKIYE REP OF                    | CUSIP: 900123CB4<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |    44444000 | PA      | $32931434.24  | 0.65%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                            | TURKIYE REP OF                    | CUSIP: 900123CM0<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |    36234000 | PA      | $28730727.41  | 0.57%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                            | TURKIYE REP OF                    | CUSIP: 900123CP3<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |     2810000 | PA      | $2802114.44   | 0.06%             | 2028-02-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                            | TURKIYE REP OF                    | CUSIP: 900123CT5<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |     7885000 | PA      | $8362450.15   | 0.17%             | 2029-04-26      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                            | TURKIYE REP OF                    | CUSIP: 900123DH0<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |     4597000 | PA      | $5124047.66   | 0.10%             | 2029-03-14      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                            | TURKIYE REP OF                    | CUSIP: 900123DP2<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |    56284000 | PA      | $58182444.12  | 1.16%             | 2032-02-12      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: 903724CA8<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |    15148579 | PA      | $8491941.94   | 0.17%             | 2034-02-01      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: 903724CB6<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |    21493558 | PA      | $11824288.25  | 0.24%             | 2035-02-01      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: 903724CC4<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |    32732868 | PA      | $17753021.53  | 0.35%             | 2036-02-01      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: 903724CD2<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |     2546827 | PA      | $1335312.78   | 0.03%             | 2030-02-01      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: 903724CF7<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |     4562616 | PA      | $2201822.76   | 0.04%             | 2035-02-01      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: 903724CG5<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |    13454060 | PA      | $6499045.17   | 0.13%             | 2036-02-01      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Mexico Government International Bond                             | UNITED MEXICAN                    | CUSIP: 91087BAK6<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    52268000 | PA      | $51175520.92  | 1.02%             | 2032-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                             | UNITED MEXICAN                    | CUSIP: 91087BAM2<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |     4018000 | PA      | $3583282.45   | 0.07%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                             | UNITED MEXICAN                    | CUSIP: 91087BAN0<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    26002000 | PA      | $16452902.53  | 0.33%             | 2061-05-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                             | UNITED MEXICAN                    | CUSIP: 91087BBC3<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    51656000 | PA      | $55810994.27  | 1.11%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                             | UNITED MEXICAN                    | CUSIP: 91087BBE9<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    80215000 | PA      | $83008591.65  | 1.65%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                             | UNITED MEXICAN                    | CUSIP: 91087BBK5<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    57362000 | PA      | $57346995.25  | 1.14%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                 | US TREASURY N/B                   | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    19521000 | PA      | $15921815.63  | 0.32%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                 | US TREASURY N/B                   | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    11695000 | PA      | $8551968.75   | 0.17%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                 | US TREASURY N/B                   | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    15720000 | PA      | $15451040.55  | 0.31%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                 | US TREASURY N/B                   | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   219432400 | PA      | $189929027.00 | 3.78%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                 | US TREASURY N/B                   | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    32500000 | PA      | $28833593.75  | 0.57%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                 | US TREASURY N/B                   | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     6798600 | PA      | $6743361.38   | 0.13%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                 | US TREASURY N/B                   | CUSIP: 91282CHW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     9097000 | PA      | $9248735.14   | 0.18%             | 2030-08-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                 | US TREASURY N/B                   | CUSIP: 91282CLU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    18000000 | PA      | $18264375.00  | 0.36%             | 2031-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                        | UZBEK INTL BOND                   | CUSIP: 91822QVX2<br>LEI: N/A                  | Long             | DBT              | NUSS              | UZ        |    10210000 | PA      | $10975201.83  | 0.22%             | 2028-10-12      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                        | UZBEK INTL BOND                   | CUSIP: 91824PAD9<br>LEI: N/A                  | Long             | DBT              | NUSS              | UZ        | 78700000000 | PA      | $6638895.70   | 0.13%             | 2028-02-25      | Fixed         | 15.50%                | Yes           |                  2 | On Loan: No      |
| Uzbekneftegaz JSC                                                | UZBEKNEFTEGAZ                     | CUSIP: 91825MAC7<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | CORP              | UZ        |    24560000 | PA      | $26270380.50  | 0.52%             | 2030-05-07      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                          | RAIZEN FUELS                      | CUSIP: N/A<br>LEI: 52990010NH26VC32Q522       | Long             | DBT              | CORP              | LU        |     5260000 | PA      | $5138196.18   | 0.10%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                            | TURKIYE REP OF                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | TR        |     4600000 | PA      | $4907454.80   | 0.10%             | 2027-09-24      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                                   | BRASKEM NL                        | CUSIP: AP4289843<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     2360000 | PA      | $1015162.19   | 0.02%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                                   | BRASKEM NL                        | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |     6240000 | PA      | $2346272.14   | 0.05%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                                   | BRASKEM NL                        | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |    10844000 | PA      | $3985460.84   | 0.08%             | 2050-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                                   | BRASKEM NL                        | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |      700000 | PA      | $261561.31    | 0.01%             | 2034-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Embraer Netherlands Finance BV                                   | EMBRAER NL FINAN                  | CUSIP: N/A<br>LEI: 724500PBR8LR26XBSP67       | Long             | DBT              | CORP              | NL        |    14576000 | PA      | $15931420.05  | 0.32%             | 2030-07-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond                        | EL SALVADOR REP                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | SV        |     9945000 | PA      | $10744400.38  | 0.21%             | 2054-11-21      | Fixed         | 9.65%                 | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                          | VENEZUELA                         | CUSIP: EI3500440<br>LEI: N/A                  | Long             | DBT              | NUSS              | VE        |     3660000 | PA      | $851810.65    | 0.02%             | 2022-08-23      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                          | VENEZUELA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | VE        |      640000 | PA      | $153350.86    | 0.00%             | 2026-10-21      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Corp Nacional del Cobre de Chile                                 | CODELCO INC                       | CUSIP: N/A<br>LEI: 549300UVMBCBCIPSUI70       | Long             | DBT              | CORP              | CL        |     3632000 | PA      | $3431497.51   | 0.07%             | 2029-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Corp Nacional del Cobre de Chile                                 | CODELCO INC                       | CUSIP: N/A<br>LEI: 549300UVMBCBCIPSUI70       | Long             | DBT              | CORP              | CL        |     3630000 | PA      | $3444369.64   | 0.07%             | 2031-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Corp Nacional del Cobre de Chile                                 | CODELCO INC                       | CUSIP: N/A<br>LEI: 549300UVMBCBCIPSUI70       | Long             | DBT              | CORP              | CL        |     7216000 | PA      | $7552213.07   | 0.15%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                            | DOMINICAN REPUBL                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    24536000 | PA      | $24966254.71  | 0.50%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                            | DOMINICAN REPUBL                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    24909000 | PA      | $25703848.18  | 0.51%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                            | DOMINICAN REPUBL                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    22315000 | PA      | $21842950.28  | 0.43%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                            | DOMINICAN REPUBL                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    29914000 | PA      | $28665653.18  | 0.57%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                            | DOMINICAN REPUBL                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    48439000 | PA      | $49419947.88  | 0.98%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                            | DOMINICAN REPUBL                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    12024000 | PA      | $12959202.79  | 0.26%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                            | DOMINICAN REPUBL                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    22900000 | PA      | $24491377.33  | 0.49%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bond                         | COSTA RICA GOVT                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CR        |    15000000 | PA      | $15957277.35  | 0.32%             | 2044-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bond                         | COSTA RICA GOVT                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CR        |    19600000 | PA      | $21194397.67  | 0.42%             | 2045-03-12      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bond                         | COSTA RICA GOVT                   | CUSIP: ZQ5851725<br>LEI: N/A                  | Long             | DBT              | NUSS              | CR        |    13477000 | PA      | $14042189.26  | 0.28%             | 2031-02-19      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Empresa Nacional del Petroleo                                    | EMPRESA NACIONAL                  | CUSIP: N/A<br>LEI: 549300YP3P0JZBLIV197       | Long             | DBT              | CORP              | CL        |    16915000 | PA      | $17193753.79  | 0.34%             | 2029-11-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                        | REP OF GUATEMALA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GT        |    23391000 | PA      | $23432229.44  | 0.47%             | 2028-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                        | REP OF GUATEMALA                  | CUSIP: ZS8419047<br>LEI: N/A                  | Long             | DBT              | NUSS              | GT        |    25138000 | PA      | $25005632.59  | 0.50%             | 2030-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                        | REP OF GUATEMALA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GT        |     5550000 | PA      | $5586743.72   | 0.11%             | 2032-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                        | REP OF GUATEMALA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GT        |    29593000 | PA      | $29869632.40  | 0.59%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                        | REP OF GUATEMALA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GT        |    16310000 | PA      | $16969019.90  | 0.34%             | 2031-08-06      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                        | REP OF GUATEMALA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GT        |    14500000 | PA      | $15238370.89  | 0.30%             | 2055-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                           | PARAGUAY                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PY        |     2656000 | PA      | $2660186.36   | 0.05%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                           | PARAGUAY                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PY        |    13044000 | PA      | $13137974.58  | 0.26%             | 2027-03-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                           | PARAGUAY                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PY        |    45922000 | PA      | $46420948.04  | 0.92%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                           | PARAGUAY                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PY        |    20775000 | PA      | $22149765.89  | 0.44%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                        | PETROLEOS DE VEN                  | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |     7320000 | PA      | $1332448.33   | 0.03%             | 2022-02-17      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                        | PETROLEOS DE VEN                  | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |     7320000 | PA      | $1183446.58   | 0.02%             | 2021-11-17      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                        | PETROLEOS DE VEN                  | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |     3660000 | PA      | $661074.84    | 0.01%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                        | PETROLEOS DE VEN                  | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |    12925000 | PA      | $2068695.37   | 0.04%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                        | PETROLEOS DE VEN                  | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |    10075476 | PA      | $1622171.89   | 0.03%             | 2024-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                                            | PETROLEOS DEL PE                  | CUSIP: N/A<br>LEI: 549300ZMGDLC9JT2OR80       | Long             | DBT              | CORP              | PE        |    13905000 | PA      | $12084237.17  | 0.24%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                                            | PETROLEOS DEL PE                  | CUSIP: N/A<br>LEI: 549300ZMGDLC9JT2OR80       | Long             | DBT              | CORP              | PE        |     3366000 | PA      | $2486679.39   | 0.05%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                          | VENEZUELA                         | CUSIP: EF1877168<br>LEI: N/A                  | Long             | DBT              | NUSS              | VE        |     3660000 | PA      | $644487.97    | 0.01%             | 2020-12-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                          | VENEZUELA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | VE        |     1500000 | PA      | $328658.01    | 0.01%             | 2038-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                          | VENEZUELA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | VE        |     3660000 | PA      | $672052.46    | 0.01%             | 2019-10-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Petronas Capital Ltd                                             | PETRONAS CAP LTD                  | CUSIP: N/A<br>LEI: 549300G7YFX3540OYR85       | Long             | DBT              | CORP              | MY        |     5000000 | PA      | $5214403.00   | 0.10%             | 2035-04-03      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | US LONG BOND(CBT) Dec25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         -76 | NC      | $16530.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | US 10yr Ultra Fut Dec25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        1465 | NC      | $1645292.11   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | USD C HKD P @7.800000 EO          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |   493000000 | NC      | $299251.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SCDS: (PANAMA)                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    15699076 | NC      | $79142.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | USD C HKD P @7.800000 EO          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |   118600000 | NC      | $71990.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SWP: KRW 2.482000 18-JUN-2030 KRW | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 68000000000 | NC      | $-316328.48   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SWP: PLN 4.415000 18-JUN-2035 WIB | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    32000000 | NC      | $56759.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SWP: KRW 2.382000 18-JUN-2030 KRW | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 26000000000 | NC      | $-203943.90   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SCDS: (TURKEY)                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |   -14440000 | NC      | $-54557.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SWP: CZK 3.588500 18-SEP-2030 PRI | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  1090525000 | NC      | $-794649.21   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SWP: PLN 4.400000 19-SEP-2035 WIB | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   105000000 | NC      | $251403.75    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | ICE: (INDON)                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |   -76654000 | NC      | $657540.92    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | ICE: (TURKEY)                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |  -125344000 | NC      | $-8738550.65  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | ICE: (ARGENT)                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |   -11185000 | NC      | $-3631544.03  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SCDS: (BRAZIL)                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    32807000 | NC      | $549502.20    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | SCDS: (MALAYS)                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    15030000 | NC      | $-407801.60   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR C USD P @1.228000 EO          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |   -42930000 | NC      | $-186033.76   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | EUR P USD C @1.139900 EO          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |    42930000 | NC      | $166276.18    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | US ULTRA BOND CBT Dec25           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        2437 | NC      | $5909919.58   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     2430000 | PA      | $546652.80    | 0.01%             | 2021-04-12      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                        | PETROLEOS DE VEN                  | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |    22623000 | PA      | $3675181.01   | 0.07%             | 2027-04-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                        | PETROLEOS DE VEN                  | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |     3360000 | PA      | $546039.31    | 0.01%             | 2037-04-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: EI4629115<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |     2250000 | PA      | $508387.50    | 0.01%             | 2022-10-04      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: EJ4558007<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |    10699000 | PA      | $2417439.05   | 0.05%             | 2023-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     4900000 | PA      | $1109697.12   | 0.02%             | 2030-02-26      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     3607000 | PA      | $814505.69    | 0.02%             | 2028-11-03      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Southern Gas Corridor CJSC                                       | STHRN GAS CRIDOR                  | CUSIP: N/A<br>LEI: 213800DG58KG59XY6318       | Long             | DBT              | CORP              | AZ        |    24785000 | PA      | $25039569.21  | 0.50%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     8173000 | PA      | $1846689.35   | 0.04%             | 2024-04-22      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bond                               | OMAN INTRNL BOND                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | OM        |    84874000 | PA      | $84922641.29  | 1.69%             | 2026-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ciudad Autonoma De Buenos Aires/Government Bonds                 | CITY OF BUENOS                    | CUSIP: LW2239967<br>LEI: 5299007MC8RF52X0ON96 | Long             | DBT              | NUSS              | AR        |     2700135 | PA      | $2685959.29   | 0.05%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                                 | COMISION FEDERAL                  | CUSIP: QZ7462430<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     5112714 | PA      | $4729260.23   | 0.09%             | 2036-09-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                              | ARAB REP EGYPT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |    80672000 | PA      | $71190514.97  | 1.42%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bond                               | OMAN INTRNL BOND                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | OM        |    17170000 | PA      | $17398282.02  | 0.35%             | 2027-03-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bond                             | JORDAN                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | JO        |     7210000 | PA      | $6915394.35   | 0.14%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OmGrid Funding Ltd                                               | OMGRID FUNDING L                  | CUSIP: AN4253836<br>LEI: 549300L1HIVZ83RMAP18 | Long             | DBT              | CORP              | KY        |    17552000 | PA      | $17683201.20  | 0.35%             | 2027-05-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     7043000 | PA      | $1593244.22   | 0.03%             | 2027-03-23      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     3607000 | PA      | $817165.85    | 0.02%             | 2032-03-23      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co JSC                                      | KAZMUNAYGAS NAT                   | CUSIP: N/A<br>LEI: 2138001H1M69RFJCSH88       | Long             | DBT              | CORP              | KZ        |     1840000 | PA      | $1720415.82   | 0.03%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bond                            | SENEGAL REP OF                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | SN        |    24370000 | PA      | $17610792.85  | 0.35%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Republic of Azerbaijan International Bond                        | REPUBLIC OF AZER                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | AZ        |    25235000 | PA      | $23497900.83  | 0.47%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                            | REP OF NIGERIA                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | NG        |     3500000 | PA      | $3012131.85   | 0.06%             | 2047-11-28      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: AQ5804622<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |     4967000 | PA      | $1124566.05   | 0.02%             | 2031-11-20      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bond                               | OMAN INTRNL BOND                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | OM        |     3595000 | PA      | $3948688.68   | 0.08%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                              | ARAB REP EGYPT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |    21686000 | PA      | $18021553.94  | 0.36%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                            | REP OF NIGERIA                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | NG        |    24865000 | PA      | $24542018.57  | 0.49%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                        | IVORY COAST-PDI                   | CUSIP: AR6697171<br>LEI: N/A                  | Long             | DBT              | NUSS              | CI        |     3520000 | PA      | $4111683.85   | 0.08%             | 2030-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co JSC                                      | KAZMUNAYGAS NAT                   | CUSIP: N/A<br>LEI: 2138001H1M69RFJCSH88       | Long             | DBT              | CORP              | KZ        |     4896000 | PA      | $4870048.26   | 0.10%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: AS8295618<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |     1445000 | PA      | $327003.50    | 0.01%             | 2034-05-17      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                            | LEBANESE REP                      | CUSIP: AS8296236<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |     1445000 | PA      | $323318.75    | 0.01%             | 2033-05-17      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                            | REP OF NIGERIA                    | CUSIP: AV6717814<br>LEI: N/A                  | Long             | DBT              | NUSS              | NG        |    13500000 | PA      | $14010082.65  | 0.28%             | 2031-01-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Israel Government International Bond                             | STATE OF ISRAEL                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | IL        |     8786000 | PA      | $9774591.08   | 0.19%             | 2029-01-16      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                              | ARAB REP EGYPT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |    14812000 | PA      | $13167265.15  | 0.26%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                        | REPUB UZBEKISTAN                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UZ        |    20767000 | PA      | $20832814.78  | 0.41%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                            | HUNGARY                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |     2330000 | PA      | $2384320.92   | 0.05%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Uzbekneftegaz JSC                                                | UZBEKNEFTEGAZ                     | CUSIP: N/A<br>LEI: 213800LUZJZFLJD4MJ51       | Long             | DBT              | CORP              | UZ        |    16791000 | PA      | $16002900.98  | 0.32%             | 2028-11-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Serbia International Bond                                        | SERBIA REPUBLIC                   | CUSIP: AZ2286302<br>LEI: N/A                  | Long             | DBT              | NUSS              | RS        |    43710000 | PA      | $47575222.47  | 0.95%             | 2029-06-26      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                           | ROMANIA                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |     6360000 | PA      | $6363926.87   | 0.13%             | 2031-07-16      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                        | IVORY COAST-PDI                   | CUSIP: ZQ0748892<br>LEI: N/A                  | Long             | DBT              | NUSS              | CI        |    11750000 | PA      | $13697867.45  | 0.27%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                              | ARAB REP EGYPT                    | CUSIP: ZQ5986240<br>LEI: N/A                  | Long             | DBT              | NUSS              | EG        |    15880000 | PA      | $13225783.45  | 0.26%             | 2059-11-20      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bond                              | SAUDI INT BOND                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | SA        |    39377000 | PA      | $28364312.34  | 0.56%             | 2055-01-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                              | ARAB REP EGYPT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |    21204000 | PA      | $19134502.32  | 0.38%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                           | ROMANIA                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |     3104000 | PA      | $2763128.96   | 0.05%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                            | REPUBLIC OF ECUA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EC        |    34831370 | PA      | $30959863.22  | 0.62%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                            | ECUA 0 7/31/2030                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EC        |    22700000 | PA      | $17402103.75  | 0.35%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bond                               | OMAN INTRNL BOND                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | OM        |     6646000 | PA      | $6949056.27   | 0.14%             | 2027-10-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OQ SAOC                                                          | OQ SAOC                           | CUSIP: N/A<br>LEI: 549300YK417GKI6EQ392       | Long             | DBT              | CORP              | OM        |     7174000 | PA      | $7253340.85   | 0.14%             | 2028-05-06      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd                                 | GALAXY PIPELINE                   | CUSIP: N/A<br>LEI: 549300L82YB0C6JQIC26       | Long             | DBT              | CORP              | JE        |     4540637 | PA      | $4427120.86   | 0.09%             | 2027-09-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd                                 | GALAXY PIPELINE                   | CUSIP: N/A<br>LEI: 549300L82YB0C6JQIC26       | Long             | DBT              | CORP              | JE        |    13710000 | PA      | $12082417.35  | 0.24%             | 2036-03-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Serbia International Bond                                        | SERBIA REPUBLIC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RS        |    23458000 | PA      | $20494445.30  | 0.41%             | 2030-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                        | IVORY COAST-PDI                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CI        |     5631000 | PA      | $6301917.45   | 0.13%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bond                            | MOROCCO KINGDOM                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | MA        |    30979000 | PA      | $22838446.81  | 0.45%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oryx Funding Ltd                                                 | ORYX FUNDING                      | CUSIP: N/A<br>LEI: 549300S728CF0BBRC295       | Long             | DBT              | CORP              | KY        |    11157000 | PA      | $11661830.82  | 0.23%             | 2031-02-03      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd                                 | GALAXY PIPELINE                   | CUSIP: N/A<br>LEI: 549300L82YB0C6JQIC26       | Long             | DBT              | CORP              | JE        |    28375927 | PA      | $25774563.86  | 0.51%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Finance Department Government of Sharjah                         | FIN DEPT SHARJAH                  | CUSIP: N/A<br>LEI: 254900ZNL8O3F1CLJO24       | Long             | DBT              | NUSS              | AE        |     3400000 | PA      | $3052079.36   | 0.06%             | 2033-03-10      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Development Bank of Kazakhstan JSC                               | KAZAKH DEVELOPME                  | CUSIP: N/A<br>LEI: 213800LCDPGJ1BI7KX98       | Long             | DBT              | NUSS              | KZ        |  3450000000 | PA      | $6034225.37   | 0.12%             | 2026-05-06      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                            | REP OF NIGERIA                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | NG        |     3403000 | PA      | $3222768.61   | 0.06%             | 2033-09-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Serbia International Bond                                        | SERBIA REPUBLIC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RS        |     3350000 | PA      | $3653806.44   | 0.07%             | 2028-09-23      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                            | REP OF NIGERIA                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | NG        |     5105000 | PA      | $5275452.38   | 0.10%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                            | HUNGARY                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    12960000 | PA      | $13508985.60  | 0.27%             | 2028-05-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                            | HUNGARY                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |     4260000 | PA      | $4570907.15   | 0.09%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bond                            | MOROCCO KINGDOM                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | MA        |    22095000 | PA      | $24294535.16  | 0.48%             | 2033-09-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bond                             | JORDAN                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | JO        |    37103000 | PA      | $38729977.68  | 0.77%             | 2029-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bank Gospodarstwa Krajowego                                      | BANK GOSPODARSTW                  | CUSIP: N/A<br>LEI: 259400BCOV9JJIGLYF05       | Long             | DBT              | NUSS              | PL        |     6083000 | PA      | $6300752.54   | 0.13%             | 2033-05-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                            | HUNGARY                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    36105000 | PA      | $45942234.01  | 0.91%             | 2033-09-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                        | UZBEK INTL BOND                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UZ        |    46485000 | PA      | $50007610.06  | 0.99%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Magyar Export-Import Bank Zrt                                    | MAGYAR EXPORT-IM                  | CUSIP: N/A<br>LEI: 529900O4UGETQ9Q3AA63       | Long             | DBT              | NUSS              | HU        |     8868000 | PA      | $11228529.56  | 0.22%             | 2029-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Benin Government International Bond                              | BENIN INTL BOND                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BJ        |     3430000 | PA      | $3511901.54   | 0.07%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| Latvia Government International Bond                             | REP OF LATVIA                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LV        |     7000000 | PA      | $7190289.40   | 0.14%             | 2034-07-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bond                             | ZAMBIA REP OF                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | ZM        |    47720894 | PA      | $45710383.64  | 0.91%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bond                             | ZAMBIA REP OF                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | ZM        |    10920000 | PA      | $7422095.77   | 0.15%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Lithuania Government International Bond                          | LITHUANIA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LT        |    20639000 | PA      | $24790730.76  | 0.49%             | 2031-07-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bulgaria Government International Bond                           | BGARIA-FLIRB-REG                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BG        |        1000 | PA      | $1000.43      | 0.00%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                              | GHANA REP OF                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GH        |     4538400 | PA      | $4386017.32   | 0.09%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                              | GHANA REP OF                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GH        |    13818000 | PA      | $13417341.56  | 0.27%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                              | GHANA REP OF                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GH        |    19790000 | PA      | $16648786.73  | 0.33%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |    18400430 | PA      | $10390789.06  | 0.21%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |    15190000 | PA      | $8393483.62   | 0.17%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |     2100000 | PA      | $1143510.48   | 0.02%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |     9209000 | PA      | $4839512.76   | 0.10%             | 2030-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |    14294000 | PA      | $5935830.79   | 0.12%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |    13265000 | PA      | $6455410.92   | 0.13%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                            | UKRAINE GOVT                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |    10342000 | PA      | $5030827.63   | 0.10%             | 2036-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Suci Second Investment Co                                        | SUCI SECOND INVE                  | CUSIP: N/A<br>LEI: 558600VUMCHBIHACQF76       | Long             | DBT              | CORP              | KY        |    20000000 | PA      | $20013764.00  | 0.40%             | 2027-09-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GDZ ELEKTRIK DAGITIM AS                                          | GDZ ELEKTRIK DA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | TR        |     7137000 | PA      | $6976670.15   | 0.14%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bond                 | REP OF POLAND                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PL        |    20000000 | PA      | $23477817.49  | 0.47%             | 2031-10-22      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                            | REP OF NIGERIA                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | NG        |    26290000 | PA      | $29226153.96  | 0.58%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                          | REP OF SRI LANKA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |     7761820 | PA      | $7273410.58   | 0.14%             | 2030-01-15      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                          | REP OF SRI LANKA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |     6000000 | PA      | $5142453.00   | 0.10%             | 2033-03-15      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                          | REP OF SRI LANKA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |     7335992 | PA      | $5347618.32   | 0.11%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                          | REP OF SRI LANKA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |     5637956 | PA      | $4109824.11   | 0.08%             | 2035-06-15      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                          | REP OF SRI LANKA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |     4027711 | PA      | $3852304.38   | 0.08%             | 2028-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Hungary Government International Bond                            | HUNGARY                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    56992000 | PA      | $66853570.09  | 1.33%             | 2040-03-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Albania Government International Bond                            | ALBANIA                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | AL        |    11722000 | PA      | $13833612.01  | 0.28%             | 2035-02-14      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                        | UZBEK INTL BOND                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UZ        |    15410000 | PA      | $18763249.74  | 0.37%             | 2029-02-25      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| OCP SA                                                           | OCP SA                            | CUSIP: N/A<br>LEI: 213800D26TAPVTCVWG40       | Long             | DBT              | CORP              | MA        |    10600000 | PA      | $11114653.32  | 0.22%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                           | OCP SA                            | CUSIP: N/A<br>LEI: 213800D26TAPVTCVWG40       | Long             | DBT              | CORP              | MA        |     7248000 | PA      | $7751153.26   | 0.15%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bond                            | MOROCCO KINGDOM                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | MA        |     1525000 | PA      | $1844070.26   | 0.04%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bulgaria Government International Bond                           | BGARIA-FLIRB-REG                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BG        |    11882000 | PA      | $14005624.74  | 0.28%             | 2034-05-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bulgaria Government International Bond                           | BGARIA-FLIRB-REG                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BG        |    20249000 | PA      | $23825705.55  | 0.47%             | 2038-05-07      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MFB Magyar Fejlesztesi Bank Zrt                                  | HUNGARIAN DEVEL                   | CUSIP: N/A<br>LEI: 549300KCFVCFTUJZYT59       | Long             | DBT              | NUSS              | HU        |    13100000 | PA      | $15891289.31  | 0.32%             | 2030-06-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Bulgarian Energy Holding EAD                                     | BULG ENRGY HLD                    | CUSIP: N/A<br>LEI: 635400E1RWKJXPSBCV07       | Long             | DBT              | CORP              | BG        |    16300000 | PA      | $19100533.41  | 0.38%             | 2030-06-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Kazakhstan Government International Bond                         | KAZAKHSTAN                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | KZ        |     8862000 | PA      | $9060328.90   | 0.18%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLEN SA                                                         | ORLEN SA                          | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | DBT              | CORP              | PL        |     2346000 | PA      | $2731829.12   | 0.05%             | 2032-07-02      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bond                              | CHILE                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CL        |    25300000 | PA      | $29724235.59  | 0.59%             | 2035-07-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                            | TURKIYE REP OF                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | TR        |    54074000 | PA      | $64236917.00  | 1.28%             | 2031-08-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bulgaria Government International Bond                           | BGARIA-FLIRB-REG                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BG        |    16664000 | PA      | $18840797.51  | 0.37%             | 2045-07-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Lithuania Government International Bond                          | LITHUANIA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LT        |    43197000 | PA      | $50280150.27  | 1.00%             | 2036-03-10      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                             | UNITED MEXICAN                    | CUSIP: 91087BBP4<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    33595000 | PA      | $40095699.08  | 0.80%             | 2038-03-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** VANGUARD MALVERN FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer