# EDGAR Filing Document

**Accession Number:** 0000719423
**File Stem:** 0001752724-23-015156
**Filing Date:** 2023-1
**Character Count:** 68672
**Document Hash:** 6bf43b7ec4ab160a74e41850af6fe3f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015156.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-015156

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VALIC Co I
- **CENTRAL INDEX KEY:** 0000719423
- **IRS NUMBER:** 720029692
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03738
- **FILM NUMBER:** 23558200

**BUSINESS ADDRESS:**
- **STREET 1:** HARBORSIDE 5
- **STREET 2:** 185 HUDSON STREET, SUITE 3300
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311
- **BUSINESS PHONE:** 201-324-6378

**MAIL ADDRESS:**
- **STREET 1:** HARBORSIDE 5
- **STREET 2:** 185 HUDSON STREET, SUITE 3300
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIG Retirement CO I
- **DATE OF NAME CHANGE:** 20080501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VALIC CO I
- **DATE OF NAME CHANGE:** 20020110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTH AMERICAN FUNDS VARIABLE PRODUCT SERIES CO I
- **DATE OF NAME CHANGE:** 20000929

## Series and Classes Contracts Data

### International Government Bond Fund (Series ID: S000007996)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000021765 | International Government Bond Fund | VCIFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VALIC Co I

- **b. Investment Company Act file number:** 811-03738

- **c. CIK number of Registrant:** 0000719423

- **d. LEI of Registrant:** 549300N3XZ1M1QABFI47

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

  - **Street Address 1:** 2929 ALLEN PARKWAY

  - **City:** HOUSTON

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77019

  - **Telephone number:** 800-448-2542

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

- **a. Name of Series:** International Government Bond Fund

- **b. EDGAR series identifier (if any):** S000007996

- **c. LEI of Series:** 5XWMVVJ1FNBPYXOO4263

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $84915208.43

**Total Liabilities:** $500340.89

**Net Assets:** $84414867.54

**Cash Not Reported:** $3201881.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -14.18000000 | **1-Year:** -505.78000000 | **5-Year:** -2147.62000000 | **10-Year:** -4567.04000000 | **30-Year:** -4686.37000000

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

- **3-Month:** -18.22000000 | **1-Year:** -582.72000000 | **5-Year:** -3063.09000000 | **10-Year:** -2682.11000000 | **30-Year:** -639.73000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021765 | -5.59%               | -0.22%               | 6.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1074256.19             | $-6211992.17                               |
| Month 2  | $-5705291.76             | $4901222.22                                |
| Month 3  | $-4440240.74             | $9297707.79                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810SE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $408322.26    | 0.48%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JAPAN (10 YEAR ISSUE)        | Japan Government Ten Year Bond                                              | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  50000000 | PA      | $357962.20    | 0.42%             | 2030-06-20      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| Republic of Poland           | Republic of Poland Government International Bond                            | CUSIP: 857524AC6<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    180000 | PA      | $177751.44    | 0.21%             | 2024-01-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES      | Philippine Government International Bond                                    | CUSIP: 718286CR6<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    300000 | PA      | $270320.99    | 0.32%             | 2032-09-29      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES     | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    500000 | PA      | $429343.26    | 0.51%             | 2047-03-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA        | Argentine Republic Government International Bond                            | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    450000 | PA      | $134655.82    | 0.16%             | 2038-01-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA         | Colombia Government International Bond                                      | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    300000 | PA      | $218921.74    | 0.26%             | 2031-04-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV          | Minejesa Capital BV                                                         | CUSIP: 000000000<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $192385.13    | 0.23%             | 2037-08-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GRUPO AVAL LTD               | Grupo Aval Ltd                                                              | CUSIP: 40053FAC2<br>LEI: 549300J4FW1ELLQ80113 | Long             | DBT              | CORP              | KY        |    255000 | PA      | $197880.00    | 0.23%             | 2030-02-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912828W71<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1935468.76   | 2.29%             | 2024-03-31      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| AUSTRALIAN GOVERNMENT        | Australia Government Bond                                                   | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |    600000 | PA      | $348013.62    | 0.41%             | 2047-03-21      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT          | United Kingdom Gilt                                                         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    400000 | PA      | $413280.41    | 0.49%             | 2029-10-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                 | Ecopetrol SA                                                                | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    300000 | PA      | $268617.00    | 0.32%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $722656.25    | 0.86%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)             | French Republic Government Bond OAT                                         | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    500000 | PA      | $452974.24    | 0.54%             | 2034-05-25      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| AUNA SA                      | Auna SAA                                                                    | CUSIP: 000000000<br>LEI: 549300C3XBVL3X4TME11 | Long             | DBT              | CORP              | PE        |    380000 | PA      | $301564.14    | 0.36%             | 2025-11-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $385488.28    | 0.46%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| State of Qatar               | Qatar Government International Bond                                         | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    300000 | PA      | $288006.86    | 0.34%             | 2026-06-02      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| IRISH TSY 1% 2026            | Ireland Government Bond                                                     | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |    600000 | PA      | $601383.58    | 0.71%             | 2026-05-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BUNDESREPUB. DEUTSCHLAND     | Bundesrepublik Deutschland Bundesanleihe                                    | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     50000 | PA      | $66984.05     | 0.08%             | 2034-07-04      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO           | Morocco Government International Bond                                       | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    500000 | PA      | $396090.00    | 0.47%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                      | Romanian Government International Bond                                      | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    200000 | PA      | $159292.00    | 0.19%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |    396559 | NS      | $396559.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| IVORY COAST                  | Ivory Coast Government International Bond                                   | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $178000.00    | 0.21%             | 2033-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES        | Mexico Government International Bond                                        | CUSIP: 91087BAS9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    400000 | PA      | $307171.08    | 0.36%             | 2052-02-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO     | Spain Government Bond                                                       | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    500000 | PA      | $311661.80    | 0.37%             | 2050-10-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                  | Ivory Coast Government International Bond                                   | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $163374.21    | 0.19%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FINNISH GOVERNMENT           | Finland Government Bond                                                     | CUSIP: 000000000<br>LEI: 743700M6Y2OQRVSBRD14 | Long             | DBT              | NUSS              | FI        |    600000 | PA      | $562017.68    | 0.67%             | 2028-09-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO     | Spain Government Bond                                                       | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |   1000000 | PA      | $985860.33    | 1.17%             | 2030-07-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa     | Republic of South Africa Government International Bond                      | CUSIP: 836205AU8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    500000 | PA      | $453000.00    | 0.54%             | 2028-10-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| JAPAN (20 YEAR ISSUE)        | Japan Government Twenty Year Bond                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  90000000 | PA      | $722176.84    | 0.86%             | 2034-03-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CANADIAN GOVERNMENT          | Canadian Government Bond                                                    | CUSIP: 135087K52<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   1000000 | PA      | $703111.18    | 0.83%             | 2025-03-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BUNDESREPUB. DEUTSCHLAND     | Bundesrepublik Deutschland Bundesanleihe                                    | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    600000 | PA      | $876295.55    | 1.04%             | 2040-07-04      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES      | Philippine Government International Bond                                    | CUSIP: 718286BN6<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $204647.15    | 0.24%             | 2026-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $331484.38    | 0.39%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU             | Peruvian Government International Bond                                      | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    200000 | PA      | $167516.75    | 0.20%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| BUNDESREPUB. DEUTSCHLAND     | Bundesrepublik Deutschland Bundesanleihe                                    | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    800000 | PA      | $758599.10    | 0.90%             | 2028-08-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| JAPAN (30 YEAR ISSUE)        | Japan Government Thirty Year Bond                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 100000000 | PA      | $871424.43    | 1.03%             | 2039-03-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| JAPAN (30 YEAR ISSUE)        | Japan Government Thirty Year Bond                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 130000000 | PA      | $1134471.00   | 1.34%             | 2036-12-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| BUNDESREPUB. DEUTSCHLAND     | Bundesrepublik Deutschland Bundesanleihe                                    | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    800000 | PA      | $752953.22    | 0.89%             | 2029-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)             | French Republic Government Bond OAT                                         | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    250000 | PA      | $209007.24    | 0.25%             | 2066-05-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY     | Uruguay Government International Bond                                       | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    200000 | PA      | $196841.64    | 0.23%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT          | United Kingdom Gilt                                                         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    500000 | PA      | $351812.64    | 0.42%             | 2046-01-31      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $743671.88    | 0.88%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912828WJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1700000 | PA      | $1649730.47   | 1.95%             | 2024-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN     | Empresas Publicas de Medellin ESP                                           | CUSIP: 29246BAF5<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |    240000 | PA      | $177600.00    | 0.21%             | 2031-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND       | Oman Government International Bond                                          | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    200000 | PA      | $194796.00    | 0.23%             | 2027-03-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS       | Galaxy Pipeline Assets Bidco Ltd                                            | CUSIP: 000000000<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    400000 | PA      | $318505.48    | 0.38%             | 2036-03-31      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| NATURA COSMETICOS SA         | Natura Cosmeticos SA                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |    200000 | PA      | $159187.00    | 0.19%             | 2028-05-03      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                    | Prosus NV                                                                   | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $208970.09    | 0.25%             | 2052-01-19      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA           | Panama Government International Bond                                        | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    300000 | PA      | $312004.79    | 0.37%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT      | Mexican Bonos                                                               | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   8000000 | PA      | $435953.15    | 0.52%             | 2036-11-20      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| SWEDISH GOVERNMENT           | Sweden Government Bond                                                      | CUSIP: 000000000<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |   6000000 | PA      | $533022.66    | 0.63%             | 2028-05-12      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912828D56<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2050000 | PA      | $1977929.69   | 2.34%             | 2024-08-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: —       |
| JAPAN (20 YEAR ISSUE)        | Japan Government Twenty Year Bond                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 130000000 | PA      | $907128.68    | 1.07%             | 2042-06-20      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912828XB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $475742.19    | 0.56%             | 2025-05-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: —       |
| IVORY COAST                  | Ivory Coast Government International Bond                                   | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    550000 | PA      | $529177.00    | 0.63%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL     | Hazine Mustesarligi Varlik Kiralama AS                                      | CUSIP: 42178TAA2<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $207750.00    | 0.25%             | 2025-11-13      | Fixed         | 9.76%                 | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES     | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    400000 | PA      | $404000.90    | 0.48%             | 2028-12-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR          | Ecuador Government International Bond                                       | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    775000 | PA      | $339759.46    | 0.40%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND       | Oman Government International Bond                                          | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    300000 | PA      | $309693.60    | 0.37%             | 2027-10-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912828B66<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1173375.00   | 1.39%             | 2024-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L         | Abu Dhabi Government International Bond                                     | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    650000 | PA      | $621394.80    | 0.74%             | 2027-10-11      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Petronas Capital Ltd         | Petronas Capital Ltd                                                        | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    400000 | PA      | $387099.91    | 0.46%             | 2025-03-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND           | Mongolia Government International Bond                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |    300000 | PA      | $241366.13    | 0.29%             | 2026-04-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Republic of Panama           | Panama Government International Bond                                        | CUSIP: 698299AW4<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $211262.96    | 0.25%             | 2036-01-26      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 9128285M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1155328.13   | 1.37%             | 2028-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC           | Dominican Republic International Bond                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    600000 | PA      | $444750.00    | 0.53%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY           | Turkey Government International Bond                                        | CUSIP: 900123DF4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    350000 | PA      | $365155.00    | 0.43%             | 2028-01-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Republic of Austria          | Republic of Austria Government Bond                                         | CUSIP: 000000000<br>LEI: 529900QWWUI4XRVR7I03 | Long             | DBT              | NUSS              | AT        |    700000 | PA      | $690856.87    | 0.82%             | 2026-10-20      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND     | Saudi Government International Bond                                         | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    300000 | PA      | $215109.00    | 0.25%             | 2061-02-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA        | Argentine Republic Government International Bond                            | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1400000 | PA      | $327267.02    | 0.39%             | 2035-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING        | Alibaba Group Holding Ltd                                                   | CUSIP: 01609WAY8<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $128277.19    | 0.15%             | 2041-02-09      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 91282CDV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2300000 | PA      | $2201890.63   | 2.61%             | 2024-01-31      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR          | Ecuador Government International Bond                                       | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    500000 | PA      | $303923.28    | 0.36%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO     | Spain Government Bond                                                       | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    500000 | PA      | $489493.06    | 0.58%             | 2028-04-30      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| HUNGARY                      | Hungary Government International Bond                                       | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    600000 | PA      | $360163.20    | 0.43%             | 2051-09-21      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR               | Qatar Government International Bond                                         | CUSIP: 74727PBE0<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    250000 | PA      | $228442.50    | 0.27%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY           | Turkey Government International Bond                                        | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    300000 | PA      | $301950.00    | 0.36%             | 2027-09-24      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 91282CAB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $903046.88    | 1.07%             | 2025-07-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia        | Indonesia Government International Bond                                     | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    100000 | PA      | $125354.42    | 0.15%             | 2035-10-12      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)             | French Republic Government Bond OAT                                         | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |   1000000 | PA      | $955447.75    | 1.13%             | 2028-11-25      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO     | Spain Government Bond                                                       | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    300000 | PA      | $372760.42    | 0.44%             | 2029-01-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BELGIUM KINGDOM              | Kingdom of Belgium Government Bond                                          | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |   1000000 | PA      | $955379.07    | 1.13%             | 2029-06-22      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810RV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1008046.87   | 1.19%             | 2047-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810RD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $479804.69    | 0.57%             | 2043-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                      | Romanian Government International Bond                                      | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    150000 | PA      | $141145.20    | 0.17%             | 2034-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA 2020 I MNGMN     | China Cinda 2020 I Management Ltd                                           | CUSIP: 000000000<br>LEI: 549300ZIBIB6Z9RSNU64 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $163934.03    | 0.19%             | 2028-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND     | Saudi Government International Bond                                         | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    600000 | PA      | $535452.00    | 0.63%             | 2047-10-04      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CANADIAN GOVERNMENT          | Canadian Government Bond                                                    | CUSIP: 135087L93<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    550000 | PA      | $374649.30    | 0.44%             | 2026-09-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L         | Abu Dhabi Government International Bond                                     | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    400000 | PA      | $246140.80    | 0.29%             | 2070-09-02      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $679609.38    | 0.81%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INDIA CLEAN ENERGY HLDG      | India Clean Energy Holdings                                                 | CUSIP: 000000000<br>LEI: 254900XQFJ9593DCY022 | Long             | DBT              | CORP              | MU        |    400000 | PA      | $312112.88    | 0.37%             | 2027-04-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORWEGIAN GOVERNMENT         | Norway Government Bond                                                      | CUSIP: 000000000<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |   5000000 | PA      | $504828.54    | 0.60%             | 2024-03-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia         | Colombia Government International Bond                                      | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    500000 | PA      | $425892.73    | 0.50%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT          | United Kingdom Gilt                                                         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    400000 | PA      | $440292.49    | 0.52%             | 2027-07-22      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal          | Senegal Government International Bond                                       | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    350000 | PA      | $292250.00    | 0.35%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT          | United Kingdom Gilt                                                         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    200000 | PA      | $268318.57    | 0.32%             | 2030-12-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS          | Braskem Netherlands Finance BV                                              | CUSIP: N15516AD4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $255798.80    | 0.30%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia        | Indonesia Government International Bond                                     | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    400000 | PA      | $395414.23    | 0.47%             | 2025-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES     | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    500000 | PA      | $489147.74    | 0.58%             | 2028-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA           | Angolan Government International Bond                                       | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    500000 | PA      | $449530.00    | 0.53%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| YUNDA HOLDING INV            | Yunda Holding Investment Ltd                                                | CUSIP: 000000000<br>LEI: 300300YSHTUKQFZYWD77 | Long             | DBT              | CORP              | VG        |    420000 | PA      | $348814.86    | 0.41%             | 2025-08-19      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BOC AVIATION LTD             | BOC Aviation Ltd                                                            | CUSIP: 09681LAS9<br>LEI: 254900H06V5RMEB3KE72 | Long             | DBT              | CORP              | SG        |    580000 | PA      | $461708.86    | 0.55%             | 2030-09-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa     | Republic of South Africa Government International Bond                      | CUSIP: 836205AQ7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    180000 | PA      | $177300.00    | 0.21%             | 2024-01-17      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| NETHERLANDS GOVERNMENT       | Netherlands Government Bond                                                 | CUSIP: 000000000<br>LEI: 254900G14ALGVKORFN62 | Long             | DBT              | NUSS              | NL        |   1000000 | PA      | $921070.49    | 1.09%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912828G38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1440527.34   | 1.71%             | 2024-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912828K74<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1890625.00   | 2.24%             | 2025-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA     | Republic of South Africa Government International Bond                      | CUSIP: 836205BE3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    350000 | PA      | $308291.20    | 0.37%             | 2052-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| JAPAN (30 YEAR ISSUE)        | Japan Government Thirty Year Bond                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 100000000 | PA      | $892990.08    | 1.06%             | 2038-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $415625.00    | 0.49%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT       | Egypt Government International Bond                                         | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    400000 | PA      | $254000.00    | 0.30%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey           | Turkey Government International Bond                                        | CUSIP: 900123AY6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    300000 | PA      | $248190.00    | 0.29%             | 2036-03-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES     | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    500000 | PA      | $485129.83    | 0.57%             | 2026-12-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CELULOSA ARAUCO CONSTITU     | Celulosa Arauco y Constitucion SA                                           | CUSIP: 000000000<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $332788.00    | 0.39%             | 2049-04-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DP WORLD PLC                 | DP World Ltd/United Arab Emirates                                           | CUSIP: 000000000<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $322572.00    | 0.38%             | 2049-09-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $436992.19    | 0.52%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                      | Romanian Government International Bond                                      | CUSIP: 77586RAN0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    320000 | PA      | $310603.52    | 0.37%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INFRAESTRUCTURA ENERGETI     | Infraestructura Energetica Nova SAPI de CV                                  | CUSIP: 456829AC4<br>LEI: 715K4H1JYF3O6JOK1411 | Long             | DBT              | CORP              | MX        |    250000 | PA      | $180777.50    | 0.21%             | 2051-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA        | Guatemala Government Bond                                                   | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    650000 | PA      | $611627.19    | 0.72%             | 2030-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BUNDESREPUB. DEUTSCHLAND     | Bundesrepublik Deutschland Bundesanleihe                                    | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    600000 | PA      | $786824.13    | 0.93%             | 2031-01-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD         | Petronas Capital Ltd                                                        | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    300000 | PA      | $275432.95    | 0.33%             | 2030-04-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT          | United Kingdom Gilt                                                         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    400000 | PA      | $458824.42    | 0.54%             | 2044-01-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810RH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $777832.03    | 0.92%             | 2044-08-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GILT          | United Kingdom Gilt                                                         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    500000 | PA      | $654300.39    | 0.78%             | 2036-03-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT       | Egypt Government International Bond                                         | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    630000 | PA      | $473961.60    | 0.56%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos          | Petroleos Mexicanos                                                         | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $317381.20    | 0.38%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BUNDESREPUB. DEUTSCHLAND     | Bundesrepublik Deutschland Bundesanleihe                                    | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    800000 | PA      | $774922.37    | 0.92%             | 2028-02-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| LLPL CAPITAL PTE LTD         | LLPL Capital Pte Ltd                                                        | CUSIP: 000000000<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |    255960 | PA      | $218815.96    | 0.26%             | 2039-02-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912828M56<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2600000 | PA      | $2467765.61   | 2.92%             | 2025-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF PANAMA           | Panama Government International Bond                                        | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $132730.12    | 0.16%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt       | Egypt Government International Bond                                         | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    500000 | PA      | $367646.08    | 0.44%             | 2030-04-16      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ROMANIA                      | Romanian Government International Bond                                      | CUSIP: 77586TAE6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    660000 | PA      | $601637.52    | 0.71%             | 2044-01-22      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES     | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    190000 | PA      | $192470.63    | 0.23%             | 2029-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JAPAN (30 YEAR ISSUE)        | Japan Government Thirty Year Bond                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 100000000 | PA      | $836997.61    | 0.99%             | 2041-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA        | Indonesia Government International Bond                                     | CUSIP: 455780CS3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    800000 | PA      | $749572.13    | 0.89%             | 2030-10-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR               | Qatar Government International Bond                                         | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    300000 | PA      | $274131.00    | 0.32%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912828X88<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1125890.63   | 1.33%             | 2027-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES     | Italy Buoni Poliennali Del Tesoro                                           | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    150000 | PA      | $167429.95    | 0.20%             | 2028-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AGROSUPER SA                 | Agrosuper SA                                                                | CUSIP: 000000000<br>LEI: 5493006KNWOGYPTZZ371 | Long             | DBT              | CORP              | CL        |    300000 | PA      | $253346.62    | 0.30%             | 2032-01-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Republic of Turkey           | Turkey Government International Bond                                        | CUSIP: 900123CP3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    350000 | PA      | $301525.00    | 0.36%             | 2028-02-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos          | Petroleos Mexicanos                                                         | CUSIP: 706451BR1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    300000 | PA      | $200400.00    | 0.24%             | 2038-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC           | Dominican Republic International Bond                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    300000 | PA      | $274736.25    | 0.33%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV      | Mong Duong Finance Holdings BV                                              | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    420000 | PA      | $357000.00    | 0.42%             | 2029-05-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ORAZUL ENERGY PERU SA        | Orazul Energy Peru SA                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    300000 | PA      | $262875.00    | 0.31%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA           | Panama Government International Bond                                        | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    500000 | PA      | $370848.56    | 0.44%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES        | Mexico Government International Bond                                        | CUSIP: 91087BAL4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    250000 | PA      | $212484.33    | 0.25%             | 2051-04-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $663164.06    | 0.79%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BUNDESREPUB. DEUTSCHLAND     | Bundesrepublik Deutschland Bundesanleihe                                    | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    500000 | PA      | $496710.66    | 0.59%             | 2026-02-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| TERMOCANDELARIA POWER        | Termocandelaria Power Ltd                                                   | CUSIP: 000000000<br>LEI: 549300YDORW43JL6G659 | Long             | DBT              | CORP              | KY        |    348500 | PA      | $317553.20    | 0.38%             | 2029-01-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND       | Republic of Poland Government Bond                                          | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   2000000 | PA      | $381565.75    | 0.45%             | 2026-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JAPAN (20 YEAR ISSUE)        | Japan Government Twenty Year Bond                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 130000000 | PA      | $1062810.49   | 1.26%             | 2032-09-20      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| JAPAN (40 YEAR ISSUE)        | Japan Government Forty Year Bond                                            | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  33000000 | PA      | $279002.82    | 0.33%             | 2051-03-20      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)             | French Republic Government Bond OAT                                         | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    450347 | PA      | $558658.90    | 0.66%             | 2029-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRANCE (GOVT OF)             | French Republic Government Bond OAT                                         | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |   1000000 | PA      | $1150298.03   | 1.36%             | 2025-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA        | Minerva Luxembourg SA                                                       | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $328087.36    | 0.39%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JAPAN (10 YEAR ISSUE)        | Japan Government Ten Year Bond                                              | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  70000000 | PA      | $499742.92    | 0.59%             | 2030-12-20      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA        | Indonesia Government International Bond                                     | CUSIP: 455780CW4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $141920.70    | 0.17%             | 2051-03-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: —       |
| United States Treasury       | United States Treasury Note/Bond                                            | CUSIP: 912810RG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $631585.93    | 0.75%             | 2044-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO     | Spain Government Bond                                                       | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    700000 | PA      | $698846.18    | 0.83%             | 2026-10-31      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-20

**Name of Applicant:** VALIC Co I

**Signature:** Donna McManus

**Name of Signer:** Donna McManus

**Title:** Assistant Treasurer