# EDGAR Filing Document

**Accession Number:** 0001738078
**File Stem:** 0001752724-23-039186
**Filing Date:** 2023-2
**Character Count:** 139197
**Document Hash:** 268b7537563088bc89467daecde1ccd8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-039186.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-039186

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23339
- **FILM NUMBER:** 23665129

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

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

## Series and Classes Contracts Data

### BlackRock Sustainable Emerging Markets Flexible Bond Fund (Series ID: S000062357)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202260 | Investor A Shares    |  |
| C000202261 | Investor C Shares    |  |
| C000202262 | Institutional Shares |  |
| C000202263 | Class K Shares       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

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

- **b. EDGAR series identifier (if any):** S000062357

- **c. LEI of Series:** RVGLBF8OZZ24JWWCJ979

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $35743756.10

**Total Liabilities:** $1713550.84

**Net Assets:** $34030205.26

**Cash Not Reported:** $729799.51

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 10.41000000 | **5-Year:** 29.60000000 | **10-Year:** 1187.09000000 | **30-Year:** 4199.21000000

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

- **3-Month:** 7.51000000 | **1-Year:** 262.52000000 | **5-Year:** 1021.60000000 | **10-Year:** 1622.00000000 | **30-Year:** 2204.60000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000202260 | 0.12%                | 7.38%                | 0.94%                |
| Class ID C000202262 | 0.30%                | 7.23%                | 0.96%                |
| Class ID C000202261 | 0.22%                | 7.14%                | 0.87%                |
| Class ID C000202263 | 0.31%                | 7.23%                | 0.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-485351.99              | $597990.30                                 |
| Month 2  | $-158836.88              | $2324980.83                                |
| Month 3  | $4994.45                 | $198014.15                                 |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Czech Republic                                 | Czech Republic                                 | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    5410000 | PA      | $206967.71    | 0.61%             | 2026-06-26      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $18163.09     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1558.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                        | Hungary Government Bond                        | CUSIP: 445545AQ9<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     275000 | PA      | $256145.31    | 0.75%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | U.S. Treasury 5 Year Note                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         -4 | NC      | $1431.22      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CITGO Petroleum Corp.                          | CITGO Petroleum Corp.                          | CUSIP: 17302XAK2<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |     543000 | PA      | $529620.48    | 1.56%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1987.56      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1897.20     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $6214.48      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ecuador                            | Republic of Ecuador                            | CUSIP: 27927IAE3<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     702096 | PA      | $446620.82    | 1.31%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Czech Republic                                 | Czech Republic                                 | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    4360000 | PA      | $144696.34    | 0.43%             | 2033-10-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-13222.91    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $69135.57     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                       | Republic of South Africa                       | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    2998236 | PA      | $148732.69    | 0.44%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4372.26     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: 91087BAM2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $161600.00    | 0.47%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| N/A                                            | CDS                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     246466 | PA      | $-15453.37    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1242.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-831.65      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA             | Millicom International Cellular SA             | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | DBT              | CORP              | LU        |     180000 | PA      | $171652.50    | 0.50%             | 2029-03-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Republic of Poland                             | Republic of Poland                             | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |    1029000 | PA      | $184601.62    | 0.54%             | 2029-10-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                          | Republic of Indonesia                          | CUSIP: 455780DK9<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     200000 | PA      | $168522.00    | 0.50%             | 2052-03-31      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2088.41      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Provincia de Buenos Aires                      | Provincia de Buenos Aires                      | CUSIP: N/A<br>LEI: 549300L6AYROPOTQ4L07       | Long             | DBT              | NUSS              | AR        |   14851000 | PA      | $47652.10     | 0.14%             | 2025-04-12      | Floating      | 72.92%                | No            |                  2 | On Loan: No      |
| Republic of South Africa                       | Republic of South Africa                       | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    8981396 | PA      | $558732.51    | 1.64%             | 2026-12-21      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka     | Democratic Socialist Republic of Sri Lanka     | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |     361000 | PA      | $103968.00    | 0.31%             | 2029-03-14      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1046.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2166.12     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-14.67       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-44021.51    | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $6981.11      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $38539.88     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sultanate of Oman                              | Oman Government Bond                           | CUSIP: 68205LAE3<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     352000 | PA      | $380666.00    | 1.12%             | 2032-10-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Republic of Chile                              | Republic of Chile                              | CUSIP: 168863DN5<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     272000 | PA      | $222411.00    | 0.65%             | 2032-01-27      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $8534.81      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $918.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $8856.03      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-3503.74     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-9538.45     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4453.02     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine                                        | Ukraine Government Bond                        | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |     244000 | PA      | $50599.50     | 0.15%             | 2027-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4942.07      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1352.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3862.88      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-10870.55    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1675.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | USD Currency                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |    -830000 | PA      | $-20096.01    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $6573.72      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $394.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-8330.91     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-12515.22    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-9694.27     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3921.77      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2422.36      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-9081.72     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2156.18      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4057.48      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1399.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |      30827 | PA      | $146208.16    | 0.43%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $10486.87     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | EUR Currency                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CH        |     800000 | PA      | $4524.91      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $12187.53     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4897.93      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-6847.99     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-23111.34    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-3542.41     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $829.74       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |     485851 | PA      | $2431330.65   | 7.14%             | 2023-12-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2808.67     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4368.42     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                              | Republic of Ghana                              | CUSIP: 37443GAN1<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     369000 | PA      | $127305.00    | 0.37%             | 2042-05-07      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                            | USD Currency                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |    -690000 | PA      | $-8251.96     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic                             | Dominican Republic Government Bond             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |     150000 | PA      | $127246.88    | 0.37%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1117.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Zambia                             | Republic of Zambia                             | CUSIP: N/A<br>LEI: 213800DMLAZ6LGMMD849       | Long             | DBT              | NUSS              | ZM        |     200000 | PA      | $90000.00     | 0.26%             | 2024-04-14      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $6200.09      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2943.18      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-510.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-318.34      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic                                 | Czech Republic                                 | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    5080000 | PA      | $195999.76    | 0.58%             | 2028-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | CDI                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | DE        |     840863 | PA      | $-20146.52    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1113.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-16640.60    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-459.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                       | Republic of South Africa                       | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     200000 | PA      | $179750.00    | 0.53%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $48797.10     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $5038.43      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-15222.76    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-51465.97    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Chile                              | Republic of Chile                              | CUSIP: N/A<br>LEI: 549300FLZTJM5YJF8D34       | Long             | DBT              | NUSS              | CL        |  115000000 | PA      | $131193.08    | 0.39%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2831.07      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Chile                              | Republic of Chile                              | CUSIP: N/A<br>LEI: 549300FLZTJM5YJF8D34       | Long             | DBT              | NUSS              | CL        |  190000000 | PA      | $215692.59    | 0.63%             | 2030-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                               | Republic of Peru                               | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |     875000 | PA      | $202566.27    | 0.60%             | 2032-08-12      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-10832.94    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2712.04     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic                             | Dominican Republic Government Bond             | CUSIP: 25714PEE4<br>LEI: N/A                  | Long             | DBT              | NUSS              | DO        |     250000 | PA      | $182703.13    | 0.54%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Romania                                        | Romania Government Bond                        | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     235000 | PA      | $167331.74    | 0.49%             | 2032-01-28      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| State Savings Bank of Ukraine                  | State Savings Bank of Ukraine                  | CUSIP: N/A<br>LEI: 213800X3YF17XQS13O34       | Long             | DBT              | CORP              | GB        |      10000 | PA      | $7023.75      | 0.02%             | 2023-03-10      | Variable      | 9.38%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1772.97     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                       | U.S. Treasury Notes                            | CUSIP: 91282CEK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     981900 | PA      | $953977.22    | 2.80%             | 2024-04-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-145.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-7368.17     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $164.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                          | Republic of Indonesia                          | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 2838000000 | PA      | $183578.99    | 0.54%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $300.18       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $6241.47      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3641.65      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4645.38      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of El Salvador                        | Republic of El Salvador                        | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |     210000 | PA      | $90273.75     | 0.27%             | 2052-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of Saudi Arabia                        | Kingdom of Saudi Arabia                        | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |     287000 | PA      | $204182.56    | 0.60%             | 2061-02-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                  | Federative Republic of Brazil                  | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |       1355 | PA      | $229441.04    | 0.67%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3466.60      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-14472.89    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $740.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1028.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $237.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1429.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1367.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UAE International Government Bond              | UAE International Government Bond              | CUSIP: 31424EAE2<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     380000 | PA      | $378052.50    | 1.11%             | 2052-07-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                  | Federative Republic of Brazil                  | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |       3469 | PA      | $628375.37    | 1.85%             | 2025-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-11814.24    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $90.34        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-7065.06     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic                                 | Czech Republic                                 | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |   16710000 | PA      | $703392.15    | 2.07%             | 2023-10-25      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $153.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-237.83      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | U.S. Treasury 10 Year Note                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |          7 | NC      | $-17894.15    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $18919.71     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                        | Hungary Government Bond                        | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |  222040000 | PA      | $558511.43    | 1.64%             | 2023-11-24      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |      14089 | PA      | $69928.77     | 0.21%             | 2024-09-05      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1366.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $6780.45      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1630.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-10957.11    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Sultanate of Oman                              | Oman Government Bond                           | CUSIP: 68205LAT0<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     342000 | PA      | $328918.50    | 0.97%             | 2051-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | CDS                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |     413000 | PA      | $1106.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ecuador                            | Republic of Ecuador                            | CUSIP: 27927IAF0<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     211074 | PA      | $96539.97     | 0.28%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2451.78     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $39587.35     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5585.05     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                          | Republic of Indonesia                          | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 7169000000 | PA      | $503338.17    | 1.48%             | 2034-03-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2360.45     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                           | Republic of Colombia                           | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  644500000 | PA      | $93896.19     | 0.28%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Argentine Republic (The)                       | Argentine Republic (The)                       | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     521995 | PA      | $164363.18    | 0.48%             | 2038-01-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                                            | CDI                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     214212 | PA      | $-6983.20     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $5936.45      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine                                        | Ukraine Government Bond                        | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |     142000 | PA      | $30317.00     | 0.09%             | 2028-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-8418.06     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                           | Republic of Colombia                           | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  346000000 | PA      | $60798.01     | 0.18%             | 2026-08-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-153247.91   | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $484.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of the Philippines                    | Republic of Philippines                        | CUSIP: 718286CN5<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     250000 | PA      | $202527.50    | 0.60%             | 2032-01-06      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                             | Republic of Panama                             | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     200000 | PA      | $150850.00    | 0.44%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $6084.65      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-437.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $9188.80      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1230.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Chile                              | Republic of Chile                              | CUSIP: 168863DS4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     326000 | PA      | $233762.38    | 0.69%             | 2041-05-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-33223.64    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                       | Republic of South Africa                       | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    9779200 | PA      | $513084.59    | 1.51%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $6872.12      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                           | Republic of Colombia                           | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        | 1724200000 | PA      | $266461.45    | 0.78%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1209.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                              | Republic of Ghana                              | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     248906 | PA      | $97695.61     | 0.29%             | 2026-01-18      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| People's Republic of China                     | People's Republic of China                     | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |     180000 | PA      | $26326.12     | 0.08%             | 2031-05-27      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-40994.95    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4187.25      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | OIS                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    7481809 | PA      | $10893.84     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-887.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3889.16      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                         | Arab Republic of Egypt                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |     247000 | PA      | $163020.00    | 0.48%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-8154.02     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                  | Federative Republic of Brazil                  | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |       2821 | PA      | $534185.63    | 1.57%             | 2023-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $10742.89     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                        | Hungary Government Bond                        | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   69920000 | PA      | $165293.86    | 0.49%             | 2024-06-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $13726.85     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $121768.64    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic                             | Dominican Republic Government Bond             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |     103000 | PA      | $103791.81    | 0.30%             | 2026-01-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: 91087BAG5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $152162.50    | 0.45%             | 2050-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | CDI                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     182748 | PA      | $-545.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-51319.63    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | CDI                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     303600 | PA      | $-6179.54     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-6192.52     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-3977.08     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-19196.03    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4288.26     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| People's Republic of China                     | People's Republic of China                     | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |    1390000 | PA      | $203296.18    | 0.60%             | 2031-05-27      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-119.18      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2837.89      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-7517.67     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                        | Hungary Government Bond                        | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   78480000 | PA      | $160952.20    | 0.47%             | 2025-11-26      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Republic of Poland                             | Republic of Poland                             | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |   10258000 | PA      | $2335762.06   | 6.86%             | 2023-01-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                       | Republic of South Africa                       | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     400000 | PA      | $370950.00    | 1.09%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1142.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1425.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Guatemala                          | Republic of Guatemala                          | CUSIP: N/A<br>LEI: 529900QKDFFU9UWW5315       | Long             | DBT              | NUSS              | GT        |     200000 | PA      | $160037.50    | 0.47%             | 2041-10-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-10145.09    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $914.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                        | Hungary Government Bond                        | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   60840000 | PA      | $85001.23     | 0.25%             | 2051-04-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                               | Republic of Peru                               | CUSIP: 715638BM3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      98000 | PA      | $97007.75     | 0.29%             | 2050-11-18      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Czech Republic                                 | Czech Republic                                 | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    4470000 | PA      | $172233.92    | 0.51%             | 2029-07-23      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5361.30     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4379.79     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-6804.58     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3396.72      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Cote d'Ivoire                      | Republic of Cote d'Ivoire                      | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |     200000 | PA      | $178000.00    | 0.52%             | 2033-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-986.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-6150.93     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2196.62      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                       | Republic of South Africa                       | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    4519086 | PA      | $210974.01    | 0.62%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1562.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1376.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                         | Arab Republic of Egypt                         | CUSIP: 038461AS8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     333000 | PA      | $298035.00    | 0.88%             | 2025-10-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4587.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Cote d'Ivoire                      | Republic of Cote d'Ivoire                      | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |     121000 | PA      | $101943.83    | 0.30%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Republic of Chile                              | Republic of Chile                              | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     200000 | PA      | $168475.00    | 0.50%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3935.46      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-46302.65    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5221.40     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4716.44      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3188.56      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $9602.60      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: 91087BAC4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     207000 | PA      | $202135.50    | 0.59%             | 2027-03-28      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| State of Qatar                                 | State of Qatar                                 | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |     413000 | PA      | $375907.44    | 1.10%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3408.11      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Peru                               | Republic of Peru                               | CUSIP: 715638DU3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     430000 | PA      | $338571.25    | 0.99%             | 2034-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                       | Republic of South Africa                       | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    8669086 | PA      | $435589.17    | 1.28%             | 2032-03-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4070.43      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | IRS                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   83768393 | PA      | $3380.31      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2248.85      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ecuador                            | Republic of Ecuador                            | CUSIP: 27927IAE3<br>LEI: 5299003Y2U5XK0A35H71 | Short            | DBT              | NUSS              | EC        |    -165000 | PA      | $-104960.63   | -0.31%            | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1078.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1746.82     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama                             | Republic of Panama                             | CUSIP: 698299AK0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      84000 | PA      | $99739.50     | 0.29%             | 2029-04-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-95.74       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                          | Republic of Indonesia                          | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  449000000 | PA      | $29606.46     | 0.09%             | 2035-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2629.53     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |      70031 | PA      | $338437.35    | 0.99%             | 2027-06-03      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                          | Republic of Indonesia                          | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  938000000 | PA      | $64592.00     | 0.19%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1405.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1840.48     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                          | Republic of Indonesia                          | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 3870000000 | PA      | $242007.07    | 0.71%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4968.99     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Turkey                             | Republic of Turkey                             | CUSIP: N/A<br>LEI: 5493000PCHOG3B6S3Q85       | Long             | DBT              | NUSS              | TR        |     462618 | PA      | $31142.57     | 0.09%             | 2030-11-13      | Fixed         | 11.70%                | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-7122.55     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                           | Republic of Colombia                           | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $148225.00    | 0.44%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1636.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $312.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1247.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4321.64      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Chile                              | Republic of Chile                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CL        |  380000000 | PA      | $428053.73    | 1.26%             | 2026-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4662.05     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                           | Republic of Colombia                           | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        | 1575900000 | PA      | $219975.88    | 0.65%             | 2032-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | U.S. Treasury Ultra Bond                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |          3 | NC      | $-18973.16    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $224.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1620.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1239.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: 91086QAZ1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     196000 | PA      | $164860.50    | 0.48%             | 2110-10-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-3115.48     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4047.48     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Euro-Bund                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |          5 | NC      | $-42148.16    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5928.54     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Government of Jamaica (The)                    | Jamaica Government Bond                        | CUSIP: 470160CB6<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |     200000 | PA      | $224162.50    | 0.66%             | 2045-07-28      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1558.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $907.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $62492.35     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                       | Republic of South Africa                       | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    3424581 | PA      | $157551.61    | 0.46%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-19645.52    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | CDS                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     113152 | PA      | $-7094.59     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic                                 | Czech Republic                                 | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    8610000 | PA      | $349013.43    | 1.03%             | 2025-02-14      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4530.08      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                       | Republic of South Africa                       | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    7194939 | PA      | $341878.60    | 1.00%             | 2031-02-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-7028.52     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1789.31     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |     158174 | PA      | $733202.02    | 2.15%             | 2034-11-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5094.48     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Growthpoint Properties International Pty. Ltd. | Growthpoint Properties International Pty. Ltd. | CUSIP: N/A<br>LEI: 378900C761245FC57265       | Long             | DBT              | CORP              | ZA        |     219000 | PA      | $217056.38    | 0.64%             | 2023-05-02      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| People's Republic of China                     | People's Republic of China                     | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |    1080000 | PA      | $158690.43    | 0.47%             | 2026-03-11      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $25543.62     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $24.75        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-3276.69     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                          | Republic of Indonesia                          | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |     200000 | PA      | $181272.00    | 0.53%             | 2047-07-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-14007.06    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5809.61     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2447.34      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Republic of China                     | People's Republic of China                     | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |    3200000 | PA      | $466104.62    | 1.37%             | 2027-06-04      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1529.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                  | Federative Republic of Brazil                  | CUSIP: 105756BB5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     151000 | PA      | $169006.75    | 0.50%             | 2034-01-20      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $448.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $21161.44     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                  | Federative Republic of Brazil                  | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |       2737 | PA      | $478608.75    | 1.41%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Republic of Kenya                              | Republic of Kenya                              | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |     200000 | PA      | $179250.00    | 0.53%             | 2027-05-22      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                             | Dominican Republic Government Bond             | CUSIP: 25714PEP9<br>LEI: N/A                  | Long             | DBT              | NUSS              | DO        |     150000 | PA      | $137371.88    | 0.40%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $90.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $990.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-58.58       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2855.07     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-681.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland                             | Republic of Poland                             | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |     935000 | PA      | $177802.26    | 0.52%             | 2027-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Gabonese Republic                              | Gabonese Republic                              | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     278000 | PA      | $227490.88    | 0.67%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Czech Republic                                 | Czech Republic                                 | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    8740000 | PA      | $387266.59    | 1.14%             | 2024-05-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-7468.21     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-422.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $131041.92    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $5936.74      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic                                 | Czech Republic                                 | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    2900000 | PA      | $104939.55    | 0.31%             | 2027-02-10      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-7978.96     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Chile                              | Republic of Chile                              | CUSIP: N/A<br>LEI: 549300FLZTJM5YJF8D34       | Long             | DBT              | NUSS              | CL        |     200000 | PA      | $185094.19    | 0.54%             | 2030-05-27      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-892.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4231.74      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Paraguay                           | Republic of Paraguay                           | CUSIP: N/A<br>LEI: 529900UXKJTJPCU0HK83       | Long             | DBT              | NUSS              | PY        |     267000 | PA      | $255869.44    | 0.75%             | 2044-08-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $25498.89     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $429.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-19090.98    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-585.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-7506.52     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| People's Republic of China                     | People's Republic of China                     | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |     140000 | PA      | $21822.16     | 0.06%             | 2051-04-12      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $869.80       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of the Philippines                    | Republic of Philippines                        | CUSIP: N/A<br>LEI: 529900RAHBALMYIJ3T08       | Long             | DBT              | NUSS              | PH        |     235000 | PA      | $199353.44    | 0.59%             | 2047-03-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                  | Federative Republic of Brazil                  | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |        603 | PA      | $99637.48     | 0.29%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Ukraine                                        | Ukraine Government Bond                        | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |     606000 | PA      | $172634.25    | 0.51%             | 2041-08-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bond             | Oman Government Bond                           | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |     200000 | PA      | $200475.00    | 0.59%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Romania                                        | Romania Government Bond                        | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     110000 | PA      | $86198.75     | 0.25%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2535.81      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                        | Hungary Government Bond                        | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   66700000 | PA      | $93188.39     | 0.27%             | 2051-04-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $78915.47     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1422.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-7992.89     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-490.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $7332.50      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-6234.31     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-10765.91    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Benin                              | Benin Government Bond                          | CUSIP: N/A<br>LEI: 635400Q11P6AE5A5Y230       | Long             | DBT              | NUSS              | BJ        |     378000 | PA      | $293053.35    | 0.86%             | 2035-01-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $6548.33      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                          | United Mexican States                          | CUSIP: 91087BAS9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $147400.00    | 0.43%             | 2052-02-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Ukraine Government Bond                        | Ukraine Government Bond                        | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |     407000 | PA      | $75371.31     | 0.22%             | 2034-09-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Republic of Guatemala                          | Republic of Guatemala                          | CUSIP: N/A<br>LEI: 529900QKDFFU9UWW5315       | Long             | DBT              | NUSS              | GT        |     200000 | PA      | $194912.50    | 0.57%             | 2032-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Government of Mongolia                         | State of Mongolia                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | MN        |     200000 | PA      | $154022.00    | 0.45%             | 2031-07-07      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Republic of Cote d'Ivoire                      | Republic of Cote d'Ivoire                      | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |     293000 | PA      | $235584.24    | 0.69%             | 2040-10-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-988.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Klabin Austria GmbH                            | Klabin Austria GmbH                            | CUSIP: N/A<br>LEI: 984500578YEA8DD41B09       | Long             | DBT              | CORP              | AT        |     200000 | PA      | $161000.00    | 0.47%             | 2031-01-12      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2754.65     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic                                 | Czech Republic                                 | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    5650000 | PA      | $186437.82    | 0.55%             | 2031-03-13      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                            | Republic of Senegal                            | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |     200000 | PA      | $164225.00    | 0.48%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $5752.94      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Peru                               | Republic of Peru                               | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |     766000 | PA      | $211001.80    | 0.62%             | 2026-08-12      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-19631.52    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3142.74      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-41.57       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland                             | Republic of Poland                             | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |     884000 | PA      | $186870.06    | 0.55%             | 2024-10-25      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| N/A                                            | IRS                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   88706720 | PA      | $5047.13      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Cote d'Ivoire                      | Republic of Cote d'Ivoire                      | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |     100000 | PA      | $75252.64     | 0.22%             | 2048-03-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                             | Republic of Panama                             | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     200000 | PA      | $202850.00    | 0.60%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1288.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-63858.79    | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Argentine Republic (The)                       | Argentine Republic (The)                       | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     305763 | PA      | $77740.24     | 0.23%             | 2046-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5502.78     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic                             | Dominican Republic Government Bond             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |     393000 | PA      | $302438.06    | 0.89%             | 2041-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| N/A                                            | CDI                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     253900 | PA      | $12468.95     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1575.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine                                        | Ukraine Government Bond                        | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    2518000 | PA      | $31507.58     | 0.09%             | 2023-05-24      | Fixed         | 16.00%                | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2132.30     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $470.40       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $285.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5035.63     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $15856.78     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2792.68      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $517.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2301.54      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1101.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                      | Gaci First Investment Co.                      | CUSIP: N/A<br>LEI: 558600TU1PWGNLZ3XM88       | Long             | DBT              | CORP              | KY        |     320000 | PA      | $320044.80    | 0.94%             | 2027-10-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | EUR Currency                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CH        |    -800000 | PA      | $-7058.18     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1899.55     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2406.99      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1343.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $18155.67     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $8910.22      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-3093.57     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2173.61     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-1148.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4169.54     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                   | Oriental Republic of Uruguay                   | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     178579 | PA      | $176078.89    | 0.52%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $3106.04      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                        | Hungary Government Bond                        | CUSIP: 445545AL0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      86000 | PA      | $85801.13     | 0.25%             | 2024-03-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5931.54     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | EUR Currency                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CH        |     800000 | PA      | $827.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-3611.72     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** BlackRock Funds V

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer