# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-25-013947
**Filing Date:** 2025-12
**Character Count:** 58022
**Document Hash:** b6fe9eb4ed52ba8760f39b5589fd0914
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-013947.hdr.sgml**: 20251219

**ACCESSION NUMBER**: 0000940400-25-013947

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251219

**DATE AS OF CHANGE**: 20251219

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 251587229

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Emerging Markets Local Bond Fund (Series ID: S000033934)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000104641 | Payden Emerging Markets Local Bond Fund (Investor Class) | PYELX           |
| C000236138 | Payden Emerging Markets Local Bond Fund (SI Class)       | PYILX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Emerging Markets Local Bond Fund

- **b. EDGAR series identifier (if any):** S000033934

- **c. LEI of Series:** 549300ZRY78UEWJB7K76

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $104845094.97

**Total Liabilities:** $2481748.33

**Net Assets:** $102363346.64

**Cash Not Reported:** $1639224.08

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 27.00000000 | **5-Year:** 988.00000000 | **10-Year:** 6110.00000000 | **30-Year:** 2005.00000000

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

- **3-Month:** 30.00000000 | **1-Year:** 126.00000000 | **5-Year:** 3457.00000000 | **10-Year:** 1712.00000000 | **30-Year:** 191.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000104641 | 2.87%                | 1.60%                | 0.48%                |
| Class ID C000236138 | 2.85%                | 1.66%                | 0.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $485242.76               | $1542222.19                                |
| Month 2  | $203685.97               | $841870.11                                 |
| Month 3  | $510520.70               | $-329899.59                                |

**Designated Index Information**

- **Index Name:** JP Morgan GBI-EM Global Diversified Index

- **Index Identifier:** JPMGBIEGDV

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNP PARIBAS SECURITIES CORP.           | USD/KZT FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-21860.21    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | CZK/USD FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $9009.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                | America Movil SAB de CV                             | CUSIP: 02364WBL8<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     4730000 | PA      | $262819.44    | 0.26%             | 2031-01-27      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL               | Brazil Notas do Tesouro Nacional Serie F            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    28800000 | PA      | $4958202.15   | 4.84%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                | Philippine Government International Bond            | CUSIP: 718286BM8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    17000000 | PA      | $284394.68    | 0.28%             | 2036-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                         | Czech Republic Government Bond                      | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    27080000 | PA      | $851636.10    | 0.83%             | 2040-04-24      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA               | Export-Import Bank of Korea                         | CUSIP: 000000000<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |     5000000 | PA      | $268751.51    | 0.26%             | 2026-07-30      | Fixed         | 7.93%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                  | China Government Bond                               | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     9500000 | PA      | $1395800.34   | 1.36%             | 2029-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                       | Peruvian Government International Bond              | CUSIP: 715638AV4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     3885000 | PA      | $1203014.34   | 1.18%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER               | Banco de Credito del Peru S.A.                      | CUSIP: 05971U2F3<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     1810000 | PA      | $569156.69    | 0.56%             | 2029-01-11      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                     | Morocco Government International Bond               | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |      235000 | PA      | $280681.78    | 0.27%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA               | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    63220000 | PA      | $3430379.37   | 3.35%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | CHF/USD FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $10681.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                   | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 14527000000 | PA      | $905841.00    | 0.88%             | 2034-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CREDICORP CAPITAL SOCIED               | Credicorp Capital Sociedad Titulizadora SA          | CUSIP: 224939AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     1770000 | PA      | $563749.34    | 0.55%             | 2045-03-05      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund | Payden Cash Reserves Money Market Fund              | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |      567144 | NS      | $567144.38    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NOTA DO TESOURO NACIONAL               | Brazil Notas do Tesouro Nacional Serie F            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    24900000 | PA      | $4076648.53   | 3.98%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                  | China Government Bond                               | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    14450000 | PA      | $2171977.81   | 2.12%             | 2032-05-15      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                    | Malaysia Government Bond                            | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     9640000 | PA      | $2540082.16   | 2.48%             | 2042-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| LUZ DEL SUR S.A.A.                     | Luz del Sur SAA                                     | CUSIP: 550688AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     1700000 | PA      | $508109.85    | 0.50%             | 2032-10-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BANK                | Standard Chartered Bank                             | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |  8600000000 | PA      | $536788.94    | 0.52%             | 2031-02-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND               | Thailand Government Bond                            | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     9690000 | PA      | $307507.06    | 0.30%             | 2031-12-17      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                | Mexican Bonos                                       | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    19890000 | PA      | $934332.97    | 0.91%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | USD/PEN FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $8399.08      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL               | Brazil Notas do Tesouro Nacional Serie F            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     8000000 | PA      | $1433772.98   | 1.40%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                   | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 10100000000 | PA      | $704874.32    | 0.69%             | 2036-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                     | Peru Government Bond                                | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     2285000 | PA      | $659992.23    | 0.64%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States | CUSIP: 173074TE5<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |    34976000 | PA      | $682266.19    | 0.67%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                         | Czech Republic Government Bond                      | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    21010000 | PA      | $921877.98    | 0.90%             | 2035-05-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                | Inter-American Development Bank                     | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | N/A       |    93000000 | PA      | $1063413.89   | 1.04%             | 2033-08-08      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                  | Bonos de la Tesoreria de la Republica en pesos      | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   355000000 | PA      | $386880.81    | 0.38%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                   | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 13305000000 | PA      | $856464.37    | 0.84%             | 2043-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL               | Brazil Notas do Tesouro Nacional Serie B            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |      866710 | PA      | $140128.91    | 0.14%             | 2050-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                  | China Government Bond                               | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     2080000 | PA      | $354641.86    | 0.35%             | 2053-04-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC               | USD/EUR FORWARD                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           1 | NC      | $2652.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALICORP SAA                            | Alicorp SAA                                         | CUSIP: 016234AE6<br>LEI: 549300Z1XH47TTIIJS11 | Long             | DBT              | CORP              | PE        |     2011000 | PA      | $605814.57    | 0.59%             | 2032-06-16      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND               | Thailand Government Bond                            | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    18820000 | PA      | $574320.25    | 0.56%             | 2035-12-17      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                  | China Government Bond                               | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    10300000 | PA      | $1532165.67   | 1.50%             | 2033-08-25      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                 | Republic of Poland Government Bond                  | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     9165000 | PA      | $2425578.90   | 2.37%             | 2035-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY               | Uruguay Government International Bond               | CUSIP: 917288BP6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    11153100 | PA      | $287129.73    | 0.28%             | 2045-05-16      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                    | Malaysia Government Bond                            | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     9420000 | PA      | $2476514.81   | 2.42%             | 2037-04-07      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                         | Czech Republic Government Bond                      | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     8860000 | PA      | $353366.02    | 0.35%             | 2033-10-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                   | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 34666000000 | PA      | $2198779.12   | 2.15%             | 2033-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANCO LATINOAMERICANO SA               | Banco Latinoamericano de Comercio Exterior SA       | CUSIP: 05968CAD4<br>LEI: 549300CN3134K4LC0651 | Long             | DBT              | NUSS              | PA        |      200000 | PA      | $204555.00    | 0.20%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States | CUSIP: 173074XX8<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |  1709400000 | PA      | $1151308.31   | 1.12%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | USD/CLP FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-3685.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN               | Empresas Publicas de Medellin ESP                   | CUSIP: 29246BAD0<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |  1436000000 | PA      | $348114.15    | 0.34%             | 2027-11-08      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                     | Dominican Republic International Bond               | CUSIP: 25714PES3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    11950000 | PA      | $224746.86    | 0.22%             | 2033-02-03      | Fixed         | 13.62%                | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                 | Republic of Poland Government Bond                  | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     6705000 | PA      | $1788181.52   | 1.75%             | 2034-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | KZT/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $12032.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                           | USD/THB FORWARD                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-65989.13    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | ZAR/USD FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-3094.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | USD/EUR FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $30088.41     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | USD/IDR FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $56.92        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | USD/PEN FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-127791.61   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | USD/MXN FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-8359.30     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | HUF/USD FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-22301.23    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                           | MYR/USD FORWARD                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $35547.95     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                           | USD/PHP FORWARD                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $23422.74     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | CLP/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $469.28       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | USD/GBP FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $18834.78     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | USD/INR FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $3797.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                           | USD/RON FORWARD                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-3357.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                           | TRY/USD FORWARD                                     | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $2825.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | MXN/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-437.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | USD/PLN FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $11886.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | BRL/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $2513.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | PEN/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-11750.53    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | ZAR/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-20723.64    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | ZAR/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $6212.38      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | CNH/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $343.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | USD/CNH FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $389.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | USD/COP FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-56103.90    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED              | IRS CNY                                             | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-3023.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED              | IRS CNY                                             | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $7635.21      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.       | IRS MXN                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |           1 | NC      | $29613.81     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | PLN/USD FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-28057.32    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED              | IRS CNY                                             | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-7978.79     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED              | IRS INR                                             | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $1239.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED              | IRS CNY                                             | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $3282.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.       | IRS MXN                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |           1 | NC      | $15895.07     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA               | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    13000000 | PA      | $669255.52    | 0.65%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                | America Movil SAB de CV                             | CUSIP: 000000000<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     8110000 | PA      | $456965.74    | 0.45%             | 2029-01-22      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                | Romania Government Bond                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     4130000 | PA      | $791835.23    | 0.77%             | 2031-09-24      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                         | Czech Republic Government Bond                      | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    11700000 | PA      | $572791.15    | 0.56%             | 2034-04-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                     | Dominican Republic International Bond               | CUSIP: 25714PFF0<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      390000 | PA      | $389688.00    | 0.38%             | 2035-10-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                  | China Government Bond                               | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     5500000 | PA      | $786298.00    | 0.77%             | 2027-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | BRL/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-15130.17    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                | Mexican Bonos                                       | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     8410000 | PA      | $489957.09    | 0.48%             | 2036-11-20      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                | Hungary Government Bond                             | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   704850000 | PA      | $2120754.61   | 2.07%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY               | Uruguay Government International Bond               | CUSIP: 917288BM3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    10470000 | PA      | $268571.98    | 0.26%             | 2031-05-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND               | Thailand Government Bond                            | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    43985000 | PA      | $1594380.73   | 1.56%             | 2043-06-17      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                | Hungary Government Bond                             | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    29580000 | PA      | $54889.04     | 0.05%             | 2041-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK               | European Investment Bank                            | CUSIP: 000000000<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | N/A       |    76000000 | PA      | $894400.29    | 0.87%             | 2033-10-23      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA               | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    40824000 | PA      | $1749183.50   | 1.71%             | 2041-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                   | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 15966000000 | PA      | $1029667.79   | 1.01%             | 2040-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States | CUSIP: 173074YH2<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |    35500000 | PA      | $692487.69    | 0.68%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                      | Ghana Government International Bond                 | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      570000 | PA      | $492679.47    | 0.48%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC               | EUR/USD FORWARD                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-16084.39    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                | Romania Government Bond                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     2530000 | PA      | $493464.70    | 0.48%             | 2034-10-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                | European Bank for Reconstruction & Development      | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | N/A       |   104800000 | PA      | $1165740.44   | 1.14%             | 2036-10-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                | Turkiye Government Bond                             | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    53725000 | PA      | $909593.35    | 0.89%             | 2028-07-19      | Fixed         | 17.30%                | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                    | Malaysia Government Bond                            | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     3200000 | PA      | $850742.52    | 0.83%             | 2038-06-08      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA               | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    21750000 | PA      | $1183667.48   | 1.16%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                | Mexican Bonos                                       | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    64930000 | PA      | $3017182.97   | 2.95%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                   | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  3733000000 | PA      | $235803.04    | 0.23%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                | Romania Government Bond                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     1310000 | PA      | $297041.56    | 0.29%             | 2026-01-28      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY               | Uruguay Government International Bond               | CUSIP: 917288BL5<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     4824544 | PA      | $130229.80    | 0.13%             | 2040-07-02      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                | European Bank for Reconstruction & Development      | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | N/A       |   122000000 | PA      | $1376428.40   | 1.34%             | 2031-03-14      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.           | USD/CZK FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-65308.15    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                | Inter-American Development Bank                     | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | N/A       |    47000000 | PA      | $545069.49    | 0.53%             | 2030-10-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                   | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 13884000000 | PA      | $866602.04    | 0.85%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States | CUSIP: 173074YL3<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |   650000000 | PA      | $429215.19    | 0.42%             | 2026-02-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                | America Movil SAB de CV                             | CUSIP: 000000000<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     5300000 | PA      | $305042.24    | 0.30%             | 2034-01-30      | Fixed         | 10.30%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States | CUSIP: 173074TR6<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |    20400000 | PA      | $397936.59    | 0.39%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                   | Colombian TES                                       | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  6437700000 | PA      | $1655432.19   | 1.62%             | 2035-01-24      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                  | China Government Bond                               | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     4790000 | PA      | $719913.77    | 0.70%             | 2029-05-23      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| GRUPO TELEVISA SAB                     | Grupo Televisa SAB                                  | CUSIP: 000000000<br>LEI: 549300O4AF0C816ILN62 | Long             | DBT              | CORP              | MX        |     7270000 | PA      | $239835.45    | 0.23%             | 2043-05-14      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                | Romania Government Bond                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     4530000 | PA      | $1014169.32   | 0.99%             | 2027-07-26      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                | Mexican Bonos                                       | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    38490000 | PA      | $1957162.27   | 1.91%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | USD/GBP FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-28851.60    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                 | Corp Andina de Fomento                              | CUSIP: 000000000<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | N/A       |     7500000 | PA      | $367440.86    | 0.36%             | 2031-02-22      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                   | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  8491000000 | PA      | $598429.14    | 0.58%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MEXICAN UDIBONOS                       | Mexican Udibonos                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    19460783 | PA      | $956427.36    | 0.93%             | 2031-11-27      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                | International Bank for Reconstruction & Development | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |    31500000 | PA      | $358073.70    | 0.35%             | 2028-04-24      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                     | Peru Government Bond                                | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     3995000 | PA      | $1324543.44   | 1.29%             | 2033-08-12      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                   | Colombian TES                                       | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  6237900000 | PA      | $1617572.48   | 1.58%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                   | Colombian TES                                       | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  3202100000 | PA      | $689881.84    | 0.67%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                | Romania Government Bond                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     2235000 | PA      | $408027.65    | 0.40%             | 2036-04-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                | Mexican Bonos                                       | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    24700000 | PA      | $1269988.73   | 1.24%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND               | Thailand Government Bond                            | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    47485000 | PA      | $1421789.61   | 1.39%             | 2042-06-17      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.             | MXN/USD FORWARD                                     | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $7788.58      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                     | Peru Government Bond                                | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     6795000 | PA      | $2131798.99   | 2.08%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                 | Corp Andina de Fomento                              | CUSIP: 000000000<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | N/A       |  2000000000 | PA      | $474069.12    | 0.46%             | 2028-05-24      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS               | Citigroup Global Markets Holdings Inc/United States | CUSIP: 173074TB1<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |    28000000 | PA      | $546187.48    | 0.53%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                | JPMorgan Chase Bank NA                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |  6394000000 | PA      | $457815.01    | 0.45%             | 2031-07-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                   | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  8511000000 | PA      | $588579.41    | 0.57%             | 2034-03-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND               | Thailand Government Bond                            | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    21500000 | PA      | $765652.53    | 0.75%             | 2038-06-17      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                 | Corp Andina de Fomento                              | CUSIP: 000000000<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | N/A       |    87000000 | PA      | $1026692.37   | 1.00%             | 2034-04-26      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                | Turkiye Government Bond                             | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    49980000 | PA      | $1174204.66   | 1.15%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                | Inter-American Development Bank                     | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | N/A       |   140000000 | PA      | $1606263.29   | 1.57%             | 2033-04-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                  | Bonos de la Tesoreria de la Republica en pesos      | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  1245000000 | PA      | $1346086.26   | 1.32%             | 2029-10-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-19

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer