# EDGAR Filing Document

**Accession Number:** 0001411674
**File Stem:** 0001411674-26-000007
**Filing Date:** 2026-5
**Character Count:** 66160
**Document Hash:** 0026a17ff8bf85bc886439c1cceea45a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001411674-26-000007.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001411674-26-000007

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Core Trust III
- **CENTRAL INDEX KEY:** 0001411674

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22217
- **FILM NUMBER:** 261011212

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086
- **BUSINESS PHONE:** 412-288-1900

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Core Trust III
- **DATE OF NAME CHANGE:** 20200617

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Hermes Core Trust III
- **DATE OF NAME CHANGE:** 20200615

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Core Trust III
- **DATE OF NAME CHANGE:** 20070906

## Series and Classes Contracts Data

### Project and Trade Finance Core Fund (Series ID: S000023593)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000069418 | Project and Trade Finance Core Fund |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-22217

- **c. CIK number of Registrant:** 0001411674

- **d. LEI of Registrant:** 254900X6T65G9IXDZR26

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

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

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

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

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Project and Trade Finance Core Fund

- **b. EDGAR series identifier (if any):** S000023593

- **c. LEI of Series:** 549300HEVNTSTCP23713

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1819651425.96

**Total Liabilities:** $3259905.57

**Net Assets:** $1816391520.39

**Cash Not Reported:** $27536170.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -11.564260000000 | **1-Year:** -855.991089000000 | **5-Year:** -2881.539307000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** -14345.841448000000 | **1-Year:** -116691.217236000000 | **5-Year:** -202670.697419000000 | **10-Year:** -7713.561235000000 | **30-Year:** -0.001943000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069418 | 0.67%                | 0.38%                | 0.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $74134.44                | $2993479.58                                |
| Month 2  | $188059.19               | $-2568030.45                               |
| Month 3  | $-128107.90              | $-11898488.56                              |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund's Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avolon TLB Borrower 1 US LLC                                | Avolon TLB Borrower 1 US LLC2023 Term Loan B6                                                    | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |     9875000 | PA      | $9875000.00   | 0.54%             | 2030-06-24      | Floating      | 5.43%                 | Yes           |                  3 | On Loan: No      |
| State Street Bank & Trust Co.                               | PURCHASED USD / SOLD GBP                                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $9165.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Maxpower Indonesia                                       | PT MAXPOWER INDONESIA 2019 IDR RESTRUCTURED PIK TL                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | ID        | 33588523306 | PA      | $1933107.04   | 0.11%             | 2039-06-10      | Variable      | 6.33%                 | Yes           |                  3 | On Loan: No      |
| IHS Zambia                                                  | IHS Zambia 2021 Term Loan                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | ZM        |     6923077 | PA      | $7064345.06   | 0.39%             | 2027-12-15      | Floating      | 8.93%                 | Yes           |                  3 | On Loan: No      |
| Minister of Finance of Ukraine                              | Minister of Finance of Ukraine EUR Senior Unsecured Term Loan                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | UA        |     5000000 | PA      | $5339332.37   | 0.29%             | 2026-09-01      | Fixed         | 7.82%                 | Yes           |                  3 | On Loan: No      |
| PJSC Acron                                                  | PJSC Acron Syndicated Committed Pre-Export Finance Facility                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      480000 | PA      | $479590.27    | 0.03%             | 2026-05-18      | Floating      | 6.66%                 | Yes           |                  3 | On Loan: No      |
| Republic of Senegal Ministry of Finance and Budget          | Republic of Senegal Ministry of Finance and Budget 2023 EUR Term Loan                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | NUSS              | XX        |    10000000 | PA      | $11408650.73  | 0.63%             | 2026-05-01      | Floating      | 6.87%                 | Yes           |                  3 | On Loan: No      |
| Phoenix Tower International (PTI) Iberica V, NewCo          | Phoenix Tower International (PTI) Iberica V, NewCo EUR Acquisition/Capex Term Loan               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IT        |     9700000 | PA      | $11577887.26  | 0.64%             | 2030-10-25      | Floating      | 5.78%                 | Yes           |                  3 | On Loan: No      |
| Beta Lula Central SARL (Lux Incorporated)                   | Beta Lula Central SARL (Lux Inc) Term Loan                                                       | CUSIP: 000000000<br>LEI: 549300RHAL8DJFKKRG68 | Long             | LON              | CORP              | BR        |    11225196 | PA      | $11391884.89  | 0.63%             | 2030-06-15      | Floating      | 6.21%                 | Yes           |                  3 | On Loan: No      |
| Marfrig Global Foods SA                                     | Marfrig Global Foods SA Advance on Foreign Exchange Contracts Term Loan                          | CUSIP: 000000000<br>LEI: 391200219USWMOBN3F92 | Long             | LON              | CORP              | BR        |    17000000 | PA      | $16996222.43  | 0.94%             | 2026-04-27      | Floating      | 5.49%                 | Yes           |                  3 | On Loan: No      |
| Caliche Development Partners III LLC, SPV                   | Caliche Development Partners III LLC, SPV Senior Secured Term Loan                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    23454333 | PA      | $23454333.00  | 1.29%             | 2029-10-01      | Floating      | 5.89%                 | Yes           |                  3 | On Loan: No      |
| African Export-Import Bank                                  | African Export-Import Bank2025 Syndicated ITFC Murabaha facility (REG-209)                       | CUSIP: 000000000<br>LEI: 21380068LJCDYA42GJ76 | Long             | LON              | CORP              | EG        |     6000000 | PA      | $6000000.00   | 0.33%             | 2026-05-18      | Floating      | 4.94%                 | Yes           |                  3 | On Loan: No      |
| Staatsolie Maatschappij Suriname NV                         | Staatsolie Maatschappij Suriname NV2025 Term Loan                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | SR        |    24570147 | PA      | $24527234.91  | 1.35%             | 2032-05-24      | Floating      | 9.17%                 | Yes           |                  3 | On Loan: No      |
| ISLAMIC REPUBLIC OF PAKISTAN                                | ISLAMIC REPUBLIC OF PAKISTAN2025 Term Loan (PAK-216)                                             | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | LON              | NUSS              | PK        |     9949144 | PA      | $10015192.37  | 0.55%             | 2026-08-24      | Floating      | 7.88%                 | Yes           |                  3 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                    | YAPI VE KREDI BANKASI AS2022 Fixed Term Loan                                                     | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | LON              | CORP              | TR        |    10405817 | PA      | $10249178.82  | 0.56%             | 2026-07-20      | Fixed         | 5.21%                 | Yes           |                  3 | On Loan: No      |
| JSC ALMALYK MMC                                             | JSC Almalyk MMCEUR 5 Years Senior Unsecured Term Loan                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |    14000000 | PA      | $16181903.08  | 0.89%             | 2030-04-23      | Floating      | 5.33%                 | Yes           |                  3 | On Loan: No      |
| NATIONAL BANK OF EGYPT                                      | National Bank of Egypt2022 Deferred Payment LC                                                   | CUSIP: 000000000<br>LEI: 2138001QZGOK42KGQM03 | Long             | LON              | CORP              | EG        |    10000000 | PA      | $9778265.00   | 0.54%             | 2026-07-31      | Floating      | 5.06%                 | Yes           |                  3 | On Loan: No      |
| DENIZBANK AS                                                | Denizbank AS2025 Fixed Term Loan                                                                 | CUSIP: 000000000<br>LEI: 3RV7W250LTUQH12INJ88 | Long             | LON              | CORP              | TR        |    10500000 | PA      | $10467538.62  | 0.58%             | 2026-06-29      | Floating      | 5.02%                 | Yes           |                  3 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                    | Yapi ve Kredi Bankasi AS2025 USD Double Dual Currency Term Loan                                  | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | LON              | CORP              | TR        |     5000000 | PA      | $4991423.15   | 0.27%             | 2026-06-08      | Floating      | 4.91%                 | Yes           |                  3 | On Loan: No      |
| THE REPUBLIC OF ANGOLA                                      | The Republic of Angola2025 Term Loan B                                                           | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | LON              | NUSS              | XX        |    15000000 | PA      | $15000000.00  | 0.83%             | 2027-02-23      | Floating      | 9.42%                 | Yes           |                  3 | On Loan: No      |
| Banco do Brasil, London Branch                              | Banco do Brasil, London Branch2018 Trade Term Loan                                               | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | LON              | CORP              | BR        |    32000000 | PA      | $31956133.44  | 1.76%             | 2027-03-19      | Floating      | 4.72%                 | Yes           |                  3 | On Loan: No      |
| NATIONAL BANK OF EGYPT                                      | National Bank of Egypt2020 Term Loan                                                             | CUSIP: 000000000<br>LEI: 2138001QZGOK42KGQM03 | Long             | LON              | CORP              | EG        |    22500000 | PA      | $22481799.75  | 1.24%             | 2026-11-04      | Floating      | 5.46%                 | Yes           |                  3 | On Loan: No      |
| Sonangol Finance Ltd.                                       | Sonangol Finance Ltd. 2023 Term Loan                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |     2961351 | PA      | $2961350.76   | 0.16%             | 2027-09-30      | Floating      | 9.03%                 | Yes           |                  3 | On Loan: No      |
| Credit Agricole CIB                                         | PURCHASED USD / SOLD EUR                                                                         | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | N/A              | DFE              |  | US        |           1 | NC      | $2158813.70   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund                | Federated Hermes Government Obligations Fund                                                     | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |    56840836 | NS      | $56840835.89  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa Lula Alto SARL                                         | Alfa Lula Alto SARL Term Loan Tranche A                                                          | CUSIP: 000000000<br>LEI: 549300EXUOF3G2SCPA35 | Long             | LON              | CORP              | BR        |     6931879 | PA      | $7013667.38   | 0.39%             | 2028-01-15      | Floating      | 6.00%                 | Yes           |                  3 | On Loan: No      |
| Puma International Financing S.A.                           | Puma International Financing S.A. 2024 Sustainability Linked Term Loan                           | CUSIP: 000000000<br>LEI: 222100YFBPO7IDRUBR17 | Long             | LON              | CORP              | LU        |    17981818 | PA      | $17976128.91  | 0.99%             | 2028-06-04      | Floating      | 5.76%                 | Yes           |                  3 | On Loan: No      |
| BANK OF INDUSTRY LIMITED                                    | Bank of Industry Limited2024 3 Year Syndicated AFC Term Loan                                     | CUSIP: 000000000<br>LEI: 5493006N5JD4B34R6G14 | Long             | LON              | CORP              | NG        |     7500000 | PA      | $7499199.75   | 0.41%             | 2027-09-30      | Floating      | 5.86%                 | Yes           |                  3 | On Loan: No      |
| Eastern and Southern African Trade and Development Bank     | Eastern and Southern African Trade and Development Bank2024 USD Tranche B Term Loan              | CUSIP: 000000000<br>LEI: 2138004HC83AB2ENIZ64 | Long             | LON              | CORP              | ZA        |     6000000 | PA      | $5954981.70   | 0.33%             | 2027-12-16      | Floating      | 5.63%                 | Yes           |                  3 | On Loan: No      |
| PT Maxpower Indonesia                                       | PT MAXPOWER INDONESIA 2019 IDR RESTRUCTURED TL                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | ID        | 80626730488 | PA      | $4640278.44   | 0.26%             | 2039-06-10      | Fixed         | 7.75%                 | Yes           |                  3 | On Loan: No      |
| Azule Energy Holding Ltd                                    | Azule Energy Holding Ltd Pre Export Term Loan                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |    29188353 | PA      | $29460407.76  | 1.62%             | 2029-07-29      | Floating      | 8.62%                 | Yes           |                  3 | On Loan: No      |
| Carmo Energy SA (Carmo) Brazil                              | Carmo Energy SA (Carmo) Brazil Term Loan                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | BR        |    14213183 | PA      | $14213183.03  | 0.78%             | 2029-12-22      | Floating      | 6.42%                 | Yes           |                  3 | On Loan: No      |
| JSC UzAuto Motors                                           | JSC UzAuto Motors 2023 Unsecured Syndicated Term Loan                                            | CUSIP: 000000000<br>LEI: 25490082QA3E2MKBZI88 | Long             | LON              | CORP              | XX        |     2400000 | PA      | $2400000.00   | 0.13%             | 2026-08-24      | Floating      | 7.85%                 | Yes           |                  3 | On Loan: No      |
| Egyptian Ethylene & Derivatives Company SAE                 | Egyptian Ethylene & Derivatives Company SAE Term Loan                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | EG        |     2692500 | PA      | $2679993.25   | 0.15%             | 2028-09-13      | Floating      | 7.67%                 | Yes           |                  3 | On Loan: No      |
| The Republic of Benin MOF 2                                 | The Republic of Benin MOF 2 EUR Term Loan                                                        | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | LON              | NUSS              | XX        |     6214286 | PA      | $7182783.51   | 0.40%             | 2027-04-30      | Floating      | 6.07%                 | Yes           |                  3 | On Loan: No      |
| Alfa Lula Alto SARL                                         | Alfa Lula Alto SARL Term Loan Tranche B                                                          | CUSIP: 000000000<br>LEI: 549300EXUOF3G2SCPA35 | Long             | LON              | CORP              | BR        |    16708140 | PA      | $16964381.79  | 0.93%             | 2029-12-15      | Floating      | 6.20%                 | Yes           |                  3 | On Loan: No      |
| HTA Group Ltd                                               | HTA GROUP LTD 2024 TRANCHE C TERM LOAN                                                           | CUSIP: 000000000<br>LEI: 213800WEFU8O8X6EPU13 | Long             | LON              | CORP              | US        |     8200000 | PA      | $8116895.87   | 0.45%             | 2028-09-13      | Floating      | 7.96%                 | Yes           |                  3 | On Loan: No      |
| TRAFIGURA PTE LTD                                           | Trafigura PTE LTD2023 Uncommitted Trade Finance Facility                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | SG        |    16875000 | PA      | $16897443.65  | 0.93%             | 2026-06-30      | Floating      | 5.17%                 | Yes           |                  3 | On Loan: No      |
| LEOPARD FUNDING LIMITED                                     | LEOPARD FUNDING LIMITEDPre Export Finance Facility                                               | CUSIP: 000000000<br>LEI: 254900V8VSBF43LD7986 | Long             | LON              | CORP              | NG        |     6859459 | PA      | $6945033.21   | 0.38%             | 2029-09-17      | Floating      | 9.92%                 | Yes           |                  3 | On Loan: No      |
| Government of Arab Republic of Egypt EGY/0231               | Government of Arab Republic of Egypt EGY/0231Syndicated ITFC Murabaha facility (EGY/0231)        | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | LON              | NUSS              | EG        |     9219548 | PA      | $9219548.00   | 0.51%             | 2027-03-30      | Floating      | 7.06%                 | Yes           |                  3 | On Loan: No      |
| NEO ENERGY GROUP LIMITED                                    | NEO Energy Group Limited2025 Term Loan                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    22566618 | PA      | $22566618.50  | 1.24%             | 2031-06-30      | Floating      | 7.74%                 | Yes           |                  3 | On Loan: No      |
| Impala Terminals Switzerland SAR                            | Impala Terminals Switzerland SAR2024 Term Loan                                                   | CUSIP: 000000000<br>LEI: 549300JKGMD4GU0YOP29 | Long             | LON              | CORP              | CH        |    29625000 | PA      | $29625000.00  | 1.63%             | 2028-07-21      | Floating      | 5.93%                 | Yes           |                  3 | On Loan: No      |
| INEOS RAFNES AS                                             | INEOS Rafnes ASEUR Fixed Term Loan                                                               | CUSIP: 000000000<br>LEI: 894500C2CSCZVREKC660 | Long             | LON              | CORP              | NO        |    12000000 | PA      | $13771541.67  | 0.76%             | 2030-04-30      | Floating      | 4.23%                 | Yes           |                  3 | On Loan: No      |
| Dobson Technologies, Inc                                    | Dobson Technologies, IncTerm Loan                                                                | CUSIP: 000000000<br>LEI: 549300I3VRNSI6JUXB69 | Long             | LON              | CORP              | US        |    18070000 | PA      | $17931764.50  | 0.99%             | 2029-09-26      | Floating      | 7.45%                 | Yes           |                  3 | On Loan: No      |
| OQ Exploration and Production SAOC                          | OQ Exploration and Production SAOCTerm Loan                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | OM        |    11000000 | PA      | $10999113.84  | 0.61%             | 2026-09-17      | Floating      | 4.58%                 | Yes           |                  3 | On Loan: No      |
| NIGERIA LNG LIMITED                                         | Nigeria LNG LimitedCommercial Term Loan                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NG        |     9293506 | PA      | $9186405.07   | 0.51%             | 2029-03-31      | Floating      | 7.71%                 | Yes           |                  3 | On Loan: No      |
| YECO LEASING LIMITED                                        | Yeco Leasing LimitedSenior Secured Portfolio Aircraft Financing                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    21778282 | PA      | $21778281.60  | 1.20%             | 2029-12-15      | Floating      | 5.69%                 | Yes           |                  3 | On Loan: No      |
| VIVA AEROBUS                                                | Viva AerobusFuture Flows Securitization                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | MX        |    30000000 | PA      | $28977489.00  | 1.60%             | 2030-12-16      | Floating      | 6.68%                 | Yes           |                  3 | On Loan: No      |
| Turkiye Vakiflar Bankasi TAO, Istanbul                      | Turkiye Vakiflar Bankasi TAO, Istanbul2025 EUR Dual Currency Term Loan                           | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | LON              | CORP              | TR        |     7000000 | PA      | $8023316.61   | 0.44%             | 2026-12-10      | Floating      | 2.90%                 | Yes           |                  3 | On Loan: No      |
| FRONTERA ENERGY COLOMBIA CORP                               | Frontera Energy Colombia CorpTerm Loan                                                           | CUSIP: 000000000<br>LEI: 506700R47WH1WR3TH618 | Long             | LON              | CORP              | CO        |    17500000 | PA      | $17394319.78  | 0.96%             | 2026-05-12      | Floating      | 5.18%                 | Yes           |                  3 | On Loan: No      |
| P.M.I. Trading, DAC                                         | P.M.I. Trading, DACFixed Single Receivable Discounting Term Loan 9                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | MX        |    30000000 | PA      | $29448543.00  | 1.62%             | 2026-07-24      | Fixed         | 5.70%                 | Yes           |                  3 | On Loan: No      |
| Telekom Srbija a. d. Beograd                                | Telekom Srbija a. d. Beograd2025 EUR Term Loan                                                   | CUSIP: 000000000<br>LEI: 254900OVY0XI1DFYC092 | Long             | LON              | CORP              | RS        |     6000000 | PA      | $6926756.11   | 0.38%             | 2028-07-03      | Floating      | 8.00%                 | Yes           |                  3 | On Loan: No      |
| BNP Paribas SA                                              | PURCHASED USD / SOLD IDR                                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $10662.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                           | PURCHASED USD / SOLD EUR                                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $53095.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Company Limited                         | HARMONY GOLD MINING COMP LTD TERM LOAN                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | ZA        |    13000000 | PA      | $13000000.00  | 0.72%             | 2027-05-31      | Floating      | 6.47%                 | Yes           |                  3 | On Loan: No      |
| Phoenix Tower International (PTI) Iberica V, NewCo          | Phoenix Tower International (PTI) Iberica V, NewCo EUR Refinancing Term Loan                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IT        |     9800000 | PA      | $11697246.92  | 0.64%             | 2030-10-25      | Floating      | 5.78%                 | Yes           |                  3 | On Loan: No      |
| Medina Partnership, S.A.                                    | Medina Partnership, S.A.EUR Term Loan                                                            | CUSIP: 000000000<br>LEI: 95980009Z4RBNZPHLM09 | Long             | LON              | CORP              | ES        |    25000000 | PA      | $28775657.27  | 1.58%             | 2031-04-30      | Floating      | 4.78%                 | Yes           |                  3 | On Loan: No      |
| Heritage Petroleum Company Limited                          | Heritage Petroleum Company Limited Term Loan                                                     | CUSIP: 000000000<br>LEI: 25490055MYPABN06OA04 | Long             | LON              | CORP              | TT        |    13064072 | PA      | $13064071.50  | 0.72%             | 2029-05-05      | Floating      | 9.19%                 | Yes           |                  3 | On Loan: No      |
| Prime Oil and Gas Cooperatief UA                            | Prime Oil and Gas Cooperatief UA Revolver                                                        | CUSIP: 000000000<br>LEI: 549300TOUWS8F4NPOG76 | Long             | LON              | CORP              | NG        |    10020834 | PA      | $10020833.55  | 0.55%             | 2032-03-31      | Floating      | 7.68%                 | Yes           |                  3 | On Loan: No      |
| VANTAGE TOWERS AG                                           | Vantage Towers AGEUR Term Loan                                                                   | CUSIP: 000000000<br>LEI: 213800BBQO965UPQ7J59 | Long             | LON              | CORP              | DE        |    10500000 | PA      | $12136427.31  | 0.67%             | 2030-03-21      | Floating      | 4.63%                 | Yes           |                  3 | On Loan: No      |
| Eastern and Southern African Trade and Development Bank     | Eastern and Southern African Trade and Development Bank2024 USD Tranche A Term Loan              | CUSIP: 000000000<br>LEI: 2138004HC83AB2ENIZ64 | Long             | LON              | CORP              | ZA        |     4500000 | PA      | $4490481.11   | 0.25%             | 2026-12-16      | Floating      | 5.38%                 | Yes           |                  3 | On Loan: No      |
| Antin Elephant Bidco B.V                                    | Antin Elephant Bidco B.VEUR Term Loan B                                                          | CUSIP: 000000000<br>LEI: 213800G9QN7P1DCM3137 | Long             | LON              | CORP              | NL        |    17000000 | PA      | $19502473.09  | 1.07%             | 2029-06-29      | Floating      | 4.48%                 | Yes           |                  3 | On Loan: No      |
| JOINT STOCK COMPANY ASAKABANK                               | Joint Stock Company Asakabank2025 Syndicated Term Loan                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |    13600000 | PA      | $13600000.00  | 0.75%             | 2026-04-29      | Floating      | 6.18%                 | Yes           |                  3 | On Loan: No      |
| Republic of Cote d'Ivoire The                               | Republic of Cote d'Ivoire The2025 EUR 12 M Short Unsecured Syndicated Term Loan                  | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | LON              | NUSS              | CI        |    18000000 | PA      | $20759733.07  | 1.14%             | 2026-07-14      | Floating      | 4.99%                 | Yes           |                  3 | On Loan: No      |
| The Republic of Angola                                      | THE REPUBLIC OF ANGOLA 2022 EUR TERM LOAN 1                                                      | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | LON              | NUSS              | XX        |      701493 | PA      | $803380.86    | 0.04%             | 2027-03-03      | Floating      | 6.38%                 | Yes           |                  3 | On Loan: No      |
| REPUBLIC OF TURKEY                                          | Republic Of Turkey2025 EUR Term Loan                                                             | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | LON              | NUSS              | TR        |    16000000 | PA      | $18443912.88  | 1.02%             | 2026-05-19      | Floating      | 3.11%                 | Yes           |                  3 | On Loan: No      |
| GLENCORE INTERNATIONAL AG                                   | Glencore International AG2023 Term Loan                                                          | CUSIP: 000000000<br>LEI: 213800PSSU2QXF1WLR89 | Long             | LON              | CORP              | CH        |    13421053 | PA      | $13454965.62  | 0.74%             | 2029-12-31      | Floating      | 6.70%                 | Yes           |                  3 | On Loan: No      |
| NEO ENERGY GROUP LIMITED                                    | NEO Energy Group Limited2025 GBP Term Loan                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |      417343 | PA      | $552395.09    | 0.03%             | 2031-06-30      | Floating      | 7.73%                 | Yes           |                  3 | On Loan: No      |
| Northern Hydrocarbon Funding Limited (NH)                   | Northern Hydrocarbon Funding Limited (NH)Pre Export Finance debt Facility                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NG        |    26698392 | PA      | $26894753.22  | 1.48%             | 2029-09-30      | Floating      | 9.20%                 | Yes           |                  3 | On Loan: No      |
| The Republic of Angola                                      | THE REPUBLIC OF ANGOLA 2024 EUR TERM LOAN                                                        | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | LON              | NUSS              | XX        |     2597201 | PA      | $2928018.08   | 0.16%             | 2029-03-08      | Floating      | 6.39%                 | Yes           |                  3 | On Loan: No      |
| P.M.I. Trading, DAC                                         | P.M.I. Trading, DACFixed Single Receivable Discounting Term Loan 8                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | MX        |    15685532 | PA      | $15542987.21  | 0.86%             | 2026-05-22      | Fixed         | 5.66%                 | Yes           |                  3 | On Loan: No      |
| Telekom Srbija a. d. Beograd                                | Telekom Srbija a. d. Beograd2025 EUR Senior Unsecured Term Loan                                  | CUSIP: 000000000<br>LEI: 254900OVY0XI1DFYC092 | Long             | LON              | CORP              | RS        |    10000000 | PA      | $11550964.56  | 0.64%             | 2028-09-30      | Floating      | 5.88%                 | Yes           |                  3 | On Loan: No      |
| Sea World Energy Holdings Ltd                               | Sea World Energy Holdings LtdTerm Loan                                                           | CUSIP: 000000000<br>LEI: 254900LG388ZPIASZ873 | Long             | LON              | CORP              | XX        |    15000000 | PA      | $14844513.75  | 0.82%             | 2030-11-07      | Floating      | 8.72%                 | Yes           |                  3 | On Loan: No      |
| Valentra, LLC.                                              | Valentra, LLC.Term Loan                                                                          | CUSIP: 000000000<br>LEI: 2549007T9962MC86VQ05 | Long             | LON              | CORP              | US        |    25000000 | PA      | $24934759.00  | 1.37%             | 2030-12-31      | Floating      | 8.01%                 | Yes           |                  3 | On Loan: No      |
| Matterhorn Express Pipeline, LLC                            | Matterhorn Express Pipeline, LLCMatterhorn Express Financing Term Loan                           | CUSIP: 000000000<br>LEI: 549300TS1DFMZF3OJ751 | Long             | LON              | CORP              | US        |    30793879 | PA      | $30688861.35  | 1.69%             | 2031-03-31      | Floating      | 6.10%                 | Yes           |                  3 | On Loan: No      |
| TRAFIGURA PTE LTD                                           | Trafigura PTE LTD2025 Syndicated Finance Facility                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | SG        |    10522639 | PA      | $10508012.42  | 0.58%             | 2026-12-03      | Floating      | 5.07%                 | Yes           |                  3 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                    | Yapi ve Kredi Bankasi AS2025 EUR Dual Currency Term Loan                                         | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | LON              | CORP              | TR        |     5000000 | PA      | $5724042.09   | 0.32%             | 2026-11-16      | Floating      | 2.91%                 | Yes           |                  3 | On Loan: No      |
| Banco Itau Paraguay S.A.                                    | Banco Itau Paraguay S.A.Senior Unsecured Trade Loan                                              | CUSIP: 000000000<br>LEI: 254900KAP5SULBKUWF77 | Long             | LON              | CORP              | XX        |     9000000 | PA      | $8997778.80   | 0.50%             | 2026-04-20      | Floating      | 4.40%                 | Yes           |                  3 | On Loan: No      |
| African Export-Import Bank                                  | African Export-Import Bank2025 Tranche A Syndicated Commercial Facility                          | CUSIP: 000000000<br>LEI: 21380068LJCDYA42GJ76 | Long             | LON              | CORP              | EG        |    30000000 | PA      | $29920519.80  | 1.65%             | 2026-12-30      | Floating      | 4.90%                 | Yes           |                  3 | On Loan: No      |
| LEOPARD FUNDING LIMITED                                     | Leopard Funding Limited2026 Pre Export Finance Debt Facility                                     | CUSIP: 000000000<br>LEI: 254900V8VSBF43LD7986 | Long             | LON              | CORP              | NG        |    20000000 | PA      | $19861411.00  | 1.09%             | 2030-12-15      | Floating      | 9.92%                 | Yes           |                  3 | On Loan: No      |
| Morgan Stanley & Co. International PLC                      | PURCHASED USD / SOLD EUR                                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $-159110.40   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Government of Arab Republic of Egypt EGY-228 (GASC)         | Government of Arab Republic of Egypt EGY-228 (GASC) Syndicated ITFC Murabaha facility (EGY/0228) | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | NUSS              | EG        |      168811 | PA      | $168811.39    | 0.01%             | 2026-06-01      | Floating      | 7.99%                 | Yes           |                  3 | On Loan: No      |
| NATIONAL BANK OF EGYPT                                      | National Bank of Egypt 2024 1st Lien Deferred Payment LC                                         | CUSIP: 000000000<br>LEI: 2138001QZGOK42KGQM03 | Long             | LON              | CORP              | EG        |    14500000 | PA      | $14500000.00  | 0.80%             | 2026-06-03      | Floating      | 5.66%                 | Yes           |                  3 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                           | Venture Global Calcasieu Pass, LLC Term Loan                                                     | CUSIP: 000000000<br>LEI: 549300GKHS6RS20NLH85 | Long             | LON              | CORP              | US        |    16230070 | PA      | $16230070.20  | 0.89%             | 2026-08-19      | Floating      | 6.64%                 | Yes           |                  3 | On Loan: No      |
| TRANSNET SOC LTD                                            | Transnet SOC LtdTerm Loan                                                                        | CUSIP: 000000000<br>LEI: 378900B07CD6F01EA796 | Long             | LON              | CORP              | ZA        |    11575000 | PA      | $11575000.01  | 0.64%             | 2027-06-21      | Floating      | 8.40%                 | Yes           |                  3 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                          | Venture Global Plaquemines LNG LLCBase Term Loan                                                 | CUSIP: 000000000<br>LEI: 549300TKP4I6OJ02BF90 | Long             | LON              | CORP              | US        |    17318045 | PA      | $17285660.13  | 0.95%             | 2029-05-25      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| BANK OF INDUSTRY LIMITED                                    | Bank of Industry Limited2024 EUR 3 Year Syndicated AFC Term Loan                                 | CUSIP: 000000000<br>LEI: 5493006N5JD4B34R6G14 | Long             | LON              | CORP              | NG        |     5250000 | PA      | $6049908.41   | 0.33%             | 2027-09-30      | Floating      | 4.22%                 | Yes           |                  3 | On Loan: No      |
| EDRILL VENCEDOR PTE LTD                                     | Edrill Vencedor Pte LtdTranche A Term Loan                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | TH        |     3227725 | PA      | $3214433.20   | 0.18%             | 2028-02-29      | Floating      | 7.35%                 | Yes           |                  3 | On Loan: No      |
| Republic of Cote d'Ivoire The                               | Republic of Cote d'Ivoire The2025 EUR 12 M Short Syndicated Term Loan                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | NUSS              | CI        |    24300000 | PA      | $27986254.14  | 1.54%             | 2027-03-09      | Floating      | 4.91%                 | Yes           |                  3 | On Loan: No      |
| T.C. Ziraat Bankasi A.S.                                    | T.C. Ziraat Bankasi A.S.2025 USD Dual Currency Term Loan                                         | CUSIP: 000000000<br>LEI: 213800K5KTZFSUS8MR51 | Long             | LON              | CORP              | TR        |    15000000 | PA      | $14972834.25  | 0.82%             | 2026-05-25      | Floating      | 4.76%                 | Yes           |                  3 | On Loan: No      |
| T.C. Ziraat Bankasi A.S.                                    | T.C. Ziraat Bankasi A.S.2025 EUR Dual Currency Term Loan                                         | CUSIP: 000000000<br>LEI: 213800K5KTZFSUS8MR51 | Long             | LON              | CORP              | TR        |    15000000 | PA      | $17309853.22  | 0.95%             | 2026-05-25      | Floating      | 2.85%                 | Yes           |                  3 | On Loan: No      |
| VMOS SA                                                     | VMOS SA 1st Lien Term Loan                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AR        |     6552000 | PA      | $6552000.00   | 0.36%             | 2030-07-08      | Floating      | 9.17%                 | Yes           |                  3 | On Loan: No      |
| JPMorgan Chase Bank NA                                      | PURCHASED USD / SOLD EUR                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $1328799.36   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                               | PURCHASED USD / SOLD EUR                                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $1416268.97   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                       | PURCHASED USD / SOLD EUR                                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | US        |           1 | NC      | $-229080.96   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Vicentin S.A.I.C.                                           | VICENTIN S.A.I.C. PRE EXPORT TERM LOAN                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AR        |           1 | PA      | $0.00         | 0.00%             | 2099-12-31      | Floating      | 10.85%                | Yes           |                  3 | On Loan: No      |
| International Beverage Tashkent                             | International Beverage Tashkent Term Loan                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |    10861213 | PA      | $10861213.25  | 0.60%             | 2029-05-23      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| Gridiron Fiber Corp.                                        | Gridiron Fiber Corp. 2023 Term Loan                                                              | CUSIP: 000000000<br>LEI: 254900FRDJ7U5ZYHHW28 | Long             | LON              | CORP              | US        |    13860000 | PA      | $13860000.00  | 0.76%             | 2032-04-01      | Floating      | 7.45%                 | Yes           |                  3 | On Loan: No      |
| Glencore International AG                                   | Glencore International AG 2022 Term Loan                                                         | CUSIP: 000000000<br>LEI: 213800PSSU2QXF1WLR89 | Long             | LON              | CORP              | CH        |    21386802 | PA      | $19873120.55  | 1.09%             | 2027-12-31      | Floating      | 6.17%                 | Yes           |                  3 | On Loan: No      |
| Republic of Cote d'Ivoire The                               | Republic of Cote d'Ivoire The 2024 EUR Upsize Term Loan                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | NUSS              | CI        |    12500000 | PA      | $14448127.75  | 0.80%             | 2027-03-05      | Floating      | 5.19%                 | Yes           |                  3 | On Loan: No      |
| BlueNord Energy Denmark AS                                  | BLUENORD ENERGY DENMARK AS TERM LOAN                                                             | CUSIP: 000000000<br>LEI: 213800GRFGOYKMAT8217 | Long             | LON              | CORP              | DK        |    17043478 | PA      | $17043478.26  | 0.94%             | 2029-12-31      | Floating      | 7.63%                 | Yes           |                  3 | On Loan: No      |
| Republic of Cote d'Ivoire The                               | Republic of Cote d'Ivoire The 2020 EUR 7-Year Syndicated Term Loan                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | NUSS              | CI        |     4500000 | PA      | $5201325.99   | 0.29%             | 2028-01-08      | Floating      | 7.85%                 | Yes           |                  3 | On Loan: No      |
| Government of Arab Republic of Egypt EGY/0236               | GOV OF AR REP OF EGYPT EGY0236 SYNDICA ITFC MURA Facilities EGY0236                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | LON              | NUSS              | EG        |    13548370 | PA      | $13507366.26  | 0.74%             | 2027-03-18      | Floating      | 7.69%                 | Yes           |                  3 | On Loan: No      |
| Ministry of Treasury and Finance of the Republic of Turkiye | Ministry of Treasury and Finance of the Republic of TurkiyeUnsecured Term Loan                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | NUSS              | TR        |    22826624 | PA      | $22519572.95  | 1.24%             | 2028-10-16      | Floating      | 6.14%                 | Yes           |                  3 | On Loan: No      |
| P.M.I. Trading, DAC                                         | P.M.I. Trading, DACFixed Single Receivable Discounting Term Loan 7                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | MX        |     9984952 | PA      | $9961318.44   | 0.55%             | 2026-04-14      | Fixed         | 5.68%                 | Yes           |                  3 | On Loan: No      |
| Dangote Industries Limited                                  | Dangote Industries LimitedTerm Loan A                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NG        |    20812500 | PA      | $20651769.02  | 1.14%             | 2029-08-31      | Floating      | 10.95%                | Yes           |                  3 | On Loan: No      |
| Turkiey Ihracat Kredi Bankasi A.S. (TurkExim)               | Turkiey Ihracat Kredi Bankasi A.S. (TurkExim)2026 Fixed Syndicated ITFC Murabaha Term Loan       | CUSIP: 000000000<br>LEI: 789000JVRVYLAXGDWR11 | Long             | LON              | CORP              | TR        |    29500000 | PA      | $29305916.55  | 1.61%             | 2027-02-10      | Fixed         | 4.68%                 | Yes           |                  3 | On Loan: No      |
| Akbank T.A.S.                                               | Akbank T.A.S.2025 Trade Loan                                                                     | CUSIP: 000000000<br>LEI: 789000TUMN63Z28TJ497 | Long             | LON              | CORP              | TR        |    18000000 | PA      | $17896904.28  | 0.99%             | 2026-09-10      | Floating      | 4.93%                 | Yes           |                  3 | On Loan: No      |
| Harmony Gold Mining Company Limited                         | Harmony Gold Mining Company Limited2025 Tranche B Term Loan                                      | CUSIP: 000000000<br>LEI: 378900986D05F0C29811 | Long             | LON              | CORP              | ZA        |    11875000 | PA      | $11871672.98  | 0.65%             | 2026-06-25      | Floating      | 6.42%                 | Yes           |                  3 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                          | Venture Global Plaquemines LNG LLC2024 Contingency Reserve Delayed Draw Term Loan                | CUSIP: 000000000<br>LEI: 549300TKP4I6OJ02BF90 | Long             | LON              | CORP              | US        |     2174517 | PA      | $2175875.84   | 0.12%             | 2029-05-25      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| IHS Holding Limited, Cayman Island Incorporation            | IHS Holding Limited, Cayman Island Incorporation 2024 Unsecured Term Loan                        | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | LON              | CORP              | NG        |    10000000 | PA      | $10000000.00  | 0.55%             | 2029-10-09      | Floating      | 8.17%                 | Yes           |                  3 | On Loan: No      |
| Sonasing Xikomba Limited                                    | Sonasing Xikomba Limited Term Loan                                                               | CUSIP: 000000000<br>LEI: 5493002VK80U0VQRT352 | Long             | LON              | CORP              | XX        |     2975676 | PA      | $2975676.33   | 0.16%             | 2026-05-29      | Floating      | 6.19%                 | Yes           |                  3 | On Loan: No      |
| Republic of Senegal Ministry of Finance and Budget          | Republic of Senegal Ministry of Finance and Budget 2023 EUR 1st Lien Term Loan                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | NUSS              | XX        |    10500000 | PA      | $10624465.01  | 0.58%             | 2028-12-22      | Floating      | 7.94%                 | Yes           |                  3 | On Loan: No      |
| Tartaruga MV29 B.V.                                         | Tartaruga MV29 B.V.Term Loan                                                                     | CUSIP: 000000000<br>LEI: 724500Z80MK53W5EQU19 | Long             | LON              | CORP              | NL        |    20837997 | PA      | $20837997.46  | 1.15%             | 2032-03-15      | Floating      | 6.29%                 | Yes           |                  3 | On Loan: No      |
| QNB FINANSBANK ANONIM SIRKETI                               | QNB Finansbank Anonim Sirketi2025 Trade Loan                                                     | CUSIP: 000000000<br>LEI: 789000Q21SW842S9IJ58 | Long             | LON              | CORP              | TR        |    20000000 | PA      | $19967408.60  | 1.10%             | 2026-05-18      | Floating      | 4.43%                 | Yes           |                  3 | On Loan: No      |
| State Oil Company of Azerbaijan Republic                    | State Oil Company of Azerbaijan Republic 2021 Term Loan                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |     6000000 | PA      | $6000000.00   | 0.33%             | 2026-08-11      | Floating      | 7.52%                 | Yes           |                  3 | On Loan: No      |
| CC Energy Development Limited - BVI Incorporated            | CC Energy Development Limited - BVI Incorporated Borrowing Base Facility                         | CUSIP: 000000000<br>LEI: 3003002B8IFJYQS02Y36 | Long             | LON              | CORP              | OM        |    14000000 | PA      | $14000000.00  | 0.77%             | 2030-12-31      | Floating      | 7.69%                 | Yes           |                  3 | On Loan: No      |
| Phoenix Tower International Chile SPA                       | Phoenix Tower International Chile SPA PTI Americas Syndicated Term Loan                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CL        |    31000000 | PA      | $31268402.34  | 1.72%             | 2027-08-10      | Floating      | 7.70%                 | Yes           |                  3 | On Loan: No      |
| Eastern and Southern African Trade and Development Bank     | Eastern and Southern African Trade and Development Bank 2023 Tranche B 1 Term Loan               | CUSIP: 000000000<br>LEI: 2138004HC83AB2ENIZ64 | Long             | LON              | CORP              | ZA        |     5000000 | PA      | $5000000.00   | 0.28%             | 2026-11-23      | Floating      | 5.64%                 | Yes           |                  3 | On Loan: No      |
| TDC Net A/S                                                 | TDC Net A/S EUR Sustainability Linked Senior Term Loan                                           | CUSIP: 000000000<br>LEI: 549300SH2G3R15Y3FX20 | Long             | LON              | CORP              | DE        |    14250000 | PA      | $16470865.64  | 0.91%             | 2027-02-02      | Floating      | 4.64%                 | Yes           |                  3 | On Loan: No      |
| Qatar Electricity and Water Company Q.P.S.C                 | Qatar Electricity and Water Company QPSC Term Loan                                               | CUSIP: 000000000<br>LEI: 25490013GYOH69GNID36 | Long             | LON              | CORP              | QA        |     5483780 | PA      | $5434259.58   | 0.30%             | 2027-06-30      | Floating      | 4.83%                 | Yes           |                  3 | On Loan: No      |
| Maher Terminal LLC                                          | Maher Terminal LLC Senior Secured Term Loan                                                      | CUSIP: 000000000<br>LEI: 5493003O33D623BOS892 | Long             | LON              | CORP              | US        |     4745714 | PA      | $4745714.28   | 0.26%             | 2025-11-17      | Floating      | 6.42%                 | Yes           |                  3 | On Loan: No      |
| Ministry of Finance of Tanzania                             | Ministry of Finance of Tanzania 2019 Term Loan                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | TZ        |     2000000 | PA      | $2000000.00   | 0.11%             | 2026-08-09      | Floating      | 9.88%                 | Yes           |                  3 | On Loan: No      |
| Ministry of Finance of the Kingdom of Saudi Arabia          | Ministry of Finance of the Kingdom of Saudi ArabiaSAR Tawarruq Facility                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | SA        |    25493461 | PA      | $5768637.71   | 0.32%             | 2035-01-31      | Floating      | 5.22%                 | Yes           |                  3 | On Loan: No      |
| Ithaca Energy (UK) Limited                                  | Ithaca Energy (UK) LimitedRBL Revolver                                                           | CUSIP: 000000000<br>LEI: 213800PNX6EV1XVAFR95 | Long             | LON              | CORP              | GB        |      807692 | PA      | $807692.31    | 0.04%             | 2029-12-31      | Floating      | 7.67%                 | Yes           |                  3 | On Loan: No      |
| Telekom Srbija a. d. Beograd                                | Telekom Srbija a. d. Beograd2024 EUR Term Loan                                                   | CUSIP: 000000000<br>LEI: 254900OVY0XI1DFYC092 | Long             | LON              | CORP              | RS        |    10400000 | PA      | $11992549.19  | 0.66%             | 2029-12-05      | Floating      | 5.61%                 | Yes           |                  3 | On Loan: No      |
| Turkiye Vakiflar Bankasi TAO, Istanbul                      | Turkiye Vakiflar Bankasi TAO, Istanbul2025 Dual Currency Term Loan                               | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | LON              | CORP              | TR        |    10000000 | PA      | $9991893.80   | 0.55%             | 2026-06-08      | Floating      | 4.75%                 | Yes           |                  3 | On Loan: No      |
| Edrill T15 PTE.LTD                                          | Edrill T15 PTE.LTDTranche B Term Loan                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | TH        |     3078775 | PA      | $3066349.80   | 0.17%             | 2028-02-29      | Floating      | 7.35%                 | Yes           |                  3 | On Loan: No      |
| The Republic of Angola                                      | The Republic of Angola2025 Fixed Term Loan                                                       | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | LON              | NUSS              | AO        |    12000000 | PA      | $12000000.00  | 0.66%             | 2026-10-23      | Fixed         | 9.53%                 | Yes           |                  3 | On Loan: No      |
| JOINT STOCK COMPANY ASAKABANK                               | Joint Stock Company Asakabank2025 EUR Syndicated Term Loan                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |    15000000 | PA      | $17216441.74  | 0.95%             | 2027-12-07      | Floating      | 4.99%                 | Yes           |                  3 | On Loan: No      |
| Joint Stock Commercial Bank Agrobank                        | Joint Stock Commercial Bank Agrobank2025 Term Loan                                               | CUSIP: 000000000<br>LEI: 254900JPMU0LFCP18673 | Long             | LON              | CORP              | XX        |    27600000 | PA      | $27580404.55  | 1.52%             | 2027-11-12      | Floating      | 6.67%                 | Yes           |                  3 | On Loan: No      |
| T.C. Ziraat Bankasi A.S.                                    | T.C. Ziraat Bankasi A.S.2026 Syndicated Sustainability Linked Facility                           | CUSIP: 000000000<br>LEI: 213800K5KTZFSUS8MR51 | Long             | LON              | CORP              | TR        |    10000000 | PA      | $9905073.30   | 0.55%             | 2026-11-12      | Floating      | 4.79%                 | Yes           |                  3 | On Loan: No      |
| Republic of Cote d'Ivoire The                               | Republic of Cote d'Ivoire The2025 EUR 1 Year Syndicated Term Loan                                | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | LON              | NUSS              | CI        |    12500000 | PA      | $14406695.44  | 0.79%             | 2027-01-02      | Floating      | 4.62%                 | Yes           |                  3 | On Loan: No      |
| YINSON AZALEA PRODUCTION                                    | Yinson Azalea Production Term Loan A                                                             | CUSIP: 000000000<br>LEI: 254900G6K1J3N945GS77 | Long             | LON              | CORP              | SG        |    14605296 | PA      | $14605295.87  | 0.80%             | 2031-11-12      | Floating      | 6.44%                 | Yes           |                  3 | On Loan: No      |
| ENERGIA MAYAKAN S DE RL DE CV                               | Energia Mayakan S de RL de CVTerm Loan (2125M)                                                   | CUSIP: 000000000<br>LEI: 2549004A4T5DABRBMJ37 | Long             | LON              | CORP              | MX        |    18156238 | PA      | $18156238.29  | 1.00%             | 2031-03-20      | Floating      | 6.45%                 | Yes           |                  3 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                    | Yapi ve Kredi Bankasi AS2025 EUR Term Loan                                                       | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | LON              | CORP              | TR        |    15000000 | PA      | $17315727.42  | 0.95%             | 2026-06-15      | Floating      | 3.07%                 | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-22

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer