# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001752724-25-156053
**Filing Date:** 2025-6
**Character Count:** 140057
**Document Hash:** 7801c90afbd609ec4edaf00c4eca0b01
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156053.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-156053

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**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:** 251073079

**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 Bond Fund (Series ID: S000011762)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000032187 | Payden Emerging Markets Bond Fund (Investor Class) | PYEMX           |
| C000080937 | Payden Emerging Markets Bond Fund (Adviser Class)  | PYEWX           |
| C000115587 | Payden Emerging Markets Bond Fund (SI Class)       | PYEIX           |

## 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 Bond Fund

- **b. EDGAR series identifier (if any):** S000011762

- **c. LEI of Series:** M4EUXO8K6TPQMCE8GH31

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

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

- **b. Date as of which information is reported:** 2025-04-30

**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:** $886186812.46

**Total Liabilities:** $45303761.87

**Net Assets:** $840883050.59

**Cash Not Reported:** $29109847.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 4229.58226500 | **10-Year:** 44739.68144000 | **30-Year:** 194542.04230000

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

- **3-Month:** 0.00000000 | **1-Year:** 738.64792180 | **5-Year:** 37230.49284000 | **10-Year:** 86517.18021000 | **30-Year:** 115859.35400000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032187 | 1.21%                | -1.20%               | -0.21%               |
| Class ID C000080937 | 1.19%                | -1.23%               | -0.23%               |
| Class ID C000115587 | 1.23%                | -1.19%               | -0.22%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $580195.29               | $3736827.08                                |
| Month 2  | $-3341957.52             | $-9702354.29                               |
| Month 3  | $-1097044.74             | $-2285974.40                               |

**Designated Index Information**

- **Index Name:** JP Morgan EMBI Global Diversified Index

- **Index Identifier:** JPEIDIVR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 5 YEAR U.S. TREASURY NOTE                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |          60 | NC      | $42922.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | EUR/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-63284.77    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                                         | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     2275000 | PA      | $2156654.55   | 0.26%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                           | Jordan Government International Bond                                         | CUSIP: 418097AG6<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     1800000 | PA      | $1798920.00   | 0.21%             | 2026-01-29      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| MDGH GMTN RSC LTD                           | MDGH GMTN RSC Ltd                                                            | CUSIP: 55285GAC8<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |     1580000 | PA      | $1444679.32   | 0.17%             | 2053-05-22      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                      | Oman Government International Bond                                           | CUSIP: 682051AE7<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     3825000 | PA      | $3850445.81   | 0.46%             | 2027-03-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                      | Oman Government International Bond                                           | CUSIP: 68205LAE3<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     1870000 | PA      | $2096727.22   | 0.25%             | 2032-10-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                     | Philippine Government International Bond                                     | CUSIP: 718286CX3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     2445000 | PA      | $2379588.21   | 0.28%             | 2048-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDIA CLEANTECH ENERGY                      | India Cleantech Energy                                                       | CUSIP: 45410BAA2<br>LEI: 254900DGTS4HHR3Q6F66 | Long             | DBT              | CORP              | MU        |     2102190 | PA      | $2045789.06   | 0.24%             | 2026-08-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       78912 | PA      | $38929.61     | 0.00%             | 2030-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD                      | Sable International Finance Ltd                                              | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |     2560000 | PA      | $2519283.20   | 0.30%             | 2032-10-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                         | Ecuador Government International Bond                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     1257250 | PA      | $660219.69    | 0.08%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/CNH FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $25059.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                           | Lebanon Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     3365000 | PA      | $580378.38    | 0.07%             | 2026-11-27      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                          | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      860000 | PA      | $573465.03    | 0.07%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| PROMIGAS/GASES PACIFICO                     | Promigas SA ESP / Gases del Pacifico SAC                                     | CUSIP: 74348DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |      485000 | PA      | $457944.62    | 0.05%             | 2029-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                      | Brazilian Government International Bond                                      | CUSIP: 105756CG3<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     3360000 | PA      | $3459947.90   | 0.41%             | 2031-03-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |       23166 | PA      | $17611.97     | 0.00%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 903724BZ4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      109127 | PA      | $68493.62     | 0.01%             | 2029-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                    | Saudi Government International Bond                                          | CUSIP: 80413TAL3<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     2335000 | PA      | $2086001.44   | 0.25%             | 2050-01-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAEL LTD GROUP ISSUERS                      | SAEL/SPREPL/SSSPL/JGPEPL/SKREPL/UBEPL                                        | CUSIP: 78637MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |     1578281 | PA      | $1499237.18   | 0.18%             | 2031-07-31      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                          | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2325000 | PA      | $2574425.05   | 0.31%             | 2026-04-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                     | Hungary Government International Bond                                        | CUSIP: 445545AQ9<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     8300000 | PA      | $8011678.75   | 0.95%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | USD/PEN FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-5703.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                         | Nigeria Government International Bond                                        | CUSIP: 65412JAU7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     3430000 | PA      | $3248690.20   | 0.39%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                    | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     1940000 | PA      | $1788454.96   | 0.21%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                              | Qatar Government International Bond                                          | CUSIP: 74727PBB6<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |     3215000 | PA      | $2923335.20   | 0.35%             | 2049-03-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                       | Guatemala Government Bond                                                    | CUSIP: 401494AP4<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     1047000 | PA      | $1024052.18   | 0.12%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                      | Brazilian Government International Bond                                      | CUSIP: 105756BB5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     2750000 | PA      | $3075872.44   | 0.37%             | 2034-01-20      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DP WORLD SALAAM                             | DP World Salaam                                                              | CUSIP: 000000000<br>LEI: 549300SUYBT9X88E9435 | Long             | DBT              | CORP              | KY        |     1315000 | PA      | $1313849.38   | 0.16%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                     | Turkiye Government Bond                                                      | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    87970000 | PA      | $2093017.11   | 0.25%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| STAR ENERGY CO ISSUE                        | Star Energy Geothermal Darajat II / Star Energy Geothermal Salak             | CUSIP: 85513LAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     1840000 | PA      | $1709601.15   | 0.20%             | 2038-10-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                          | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3458000 | PA      | $3380992.76   | 0.40%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO                    | Yinson Boronia Production BV                                                 | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |      956489 | PA      | $982792.14    | 0.12%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | TRY/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-6367.60     | -0.00%            |  |  |  | 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        |   184400000 | PA      | $29446864.48  | 3.50%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                          | CUSIP: 374422AL7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      529437 | PA      | $501640.30    | 0.06%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                          | CUSIP: 03846JAF7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     4290000 | PA      | $3175217.76   | 0.38%             | 2051-09-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                    | OCP SA                                                                       | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |      965000 | PA      | $966598.73    | 0.11%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                     | Romanian Government International Bond                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     2726000 | PA      | $2263930.17   | 0.27%             | 2049-04-03      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                       | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     2242000 | PA      | $1810171.79   | 0.22%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                     | Borr IHC Ltd / Borr Finance LLC                                              | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     1473659 | PA      | $1268363.17   | 0.15%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CONTINUUM ENERGY AURA                       | Continuum Energy Aura Pte Ltd                                                | CUSIP: 21218JAB8<br>LEI: 984500AB52D7C8GC2E33 | Long             | DBT              | CORP              | SG        |     1955000 | PA      | $1997803.67   | 0.24%             | 2027-02-24      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ALFA DESARROLLO SPA                         | Alfa Desarrollo SpA                                                          | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |     4110272 | PA      | $3024588.95   | 0.36%             | 2051-09-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                       | CUSIP: 715638DU3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     4975000 | PA      | $4154622.50   | 0.49%             | 2034-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/BRL FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $21940.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                    | OCP SA                                                                       | CUSIP: 67091TAJ4<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     1700000 | PA      | $1686540.00   | 0.20%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                       | CUSIP: 715638AV4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    42000000 | PA      | $11339697.05  | 1.35%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                    | Greensaif Pipelines Bidco Sarl                                               | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     1700000 | PA      | $1713268.50   | 0.20%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                     | Philippine Government International Bond                                     | CUSIP: 718286CA3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     4565000 | PA      | $3669641.85   | 0.44%             | 2041-03-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                          | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2975000 | PA      | $2172416.49   | 0.26%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                      | Gran Tierra Energy Inc                                                       | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |     2535000 | PA      | $1973822.74   | 0.23%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                          | Republic of Poland Government International Bond                             | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    13400000 | PA      | $12479046.41  | 1.48%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                       | CUSIP: 699149AF7<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     2255000 | PA      | $1987602.10   | 0.24%             | 2048-03-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                                         | CUSIP: 698299BY9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     8100000 | PA      | $8404353.21   | 1.00%             | 2038-03-01      | Fixed         | 8.00%                 | 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        |     3120000 | PA      | $2954874.00   | 0.35%             | 2028-10-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | HUF/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $114785.69    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                          | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     4368494 | PA      | $3729656.15   | 0.44%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                          | Morocco Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |     2485000 | PA      | $2797562.25   | 0.33%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                    | Republic of South Africa Government International Bond                       | CUSIP: 836205BF0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     1905000 | PA      | $1816580.80   | 0.22%             | 2036-11-19      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                    | Saudi Government International Bond                                          | CUSIP: 80413TAW9<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     7025000 | PA      | $4328199.09   | 0.51%             | 2061-02-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      577845 | PA      | $286041.00    | 0.03%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                        | Saudi Arabian Oil Co                                                         | CUSIP: 80414L2E4<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     4775000 | PA      | $4117694.99   | 0.49%             | 2039-04-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                         | Albania Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |     2890000 | PA      | $3127326.35   | 0.37%             | 2035-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                         | Nigeria Government International Bond                                        | CUSIP: 65412JAH6<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     4575000 | PA      | $3561151.41   | 0.42%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                       | Venezuela Government International Bond                                      | CUSIP: 922646AS3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     4870000 | PA      | $864425.00    | 0.10%             | 2027-09-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                                         | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     3195000 | PA      | $2059592.72   | 0.24%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/EUR FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-1117108.92  | -0.13%            |  |  |  | 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        |    28500000 | PA      | $4164140.49   | 0.50%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                          | Republic of Poland Government International Bond                             | CUSIP: 731011AW2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     2900000 | PA      | $2718507.53   | 0.32%             | 2053-04-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                     | Romanian Government International Bond                                       | CUSIP: 77586RAW0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     2550000 | PA      | $2539800.00   | 0.30%             | 2037-02-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LIMAK CIMENTO SANAYI                        | Limak Cimento Sanayi ve Ticaret AS                                           | CUSIP: 53263AAA6<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |     1655000 | PA      | $1627505.49   | 0.19%             | 2029-07-25      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                        | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     1580000 | PA      | $1554562.00   | 0.18%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                       | Venezuela Government International Bond                                      | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    12420000 | PA      | $1762087.50   | 0.21%             | 2019-10-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                     | Hungary Government International Bond                                        | CUSIP: 445545AN6<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     5100000 | PA      | $2994273.75   | 0.36%             | 2051-09-21      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                           | Lebanon Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     1096000 | PA      | $189443.60    | 0.02%             | 2030-02-26      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                    | Uruguay Government International Bond                                        | CUSIP: 760942BH4<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     2330000 | PA      | $2376017.50   | 0.28%             | 2037-02-14      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                              | Czech Republic Government Bond                                               | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |   207120000 | PA      | $8992146.19   | 1.07%             | 2035-05-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/CZK FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-325013.06   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                       | CUSIP: 715638DW9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     5935000 | PA      | $3635927.71   | 0.43%             | 2072-01-15      | Fixed         | 3.60%                 | 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        |     3690000 | PA      | $3165005.25   | 0.38%             | 2052-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                                         | CUSIP: 698299BX1<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     6410000 | PA      | $6666912.80   | 0.79%             | 2031-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                                  | CUSIP: 912797PC5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    10350000 | PA      | $10343963.98  | 1.23%             | 2025-05-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                     | El Salvador Government International Bond                                    | CUSIP: 283875CB6<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     2845000 | PA      | $2851995.77   | 0.34%             | 2052-07-15      | Fixed         | 9.50%                 | 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        |     9669128 | PA      | $1476076.36   | 0.18%             | 2050-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                         | Ecuador Government International Bond                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     9457819 | PA      | $5703625.04   | 0.68%             | 2035-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                       | CUSIP: 699149AD2<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     1347000 | PA      | $1344979.50   | 0.16%             | 2027-03-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                       | CUSIP: 195325BM6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     5789000 | PA      | $4558235.39   | 0.54%             | 2041-01-18      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                         | Turkiye Government International Bond                                        | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     3810000 | PA      | $4458840.99   | 0.53%             | 2030-05-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/PLN FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-143438.82   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                       | Costa Rica Government International Bond                                     | CUSIP: 221597CR6<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     8640000 | PA      | $8857080.00   | 1.05%             | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                     | Romanian Government International Bond                                       | CUSIP: 77586RAV2<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     9020000 | PA      | $8000920.40   | 0.95%             | 2035-03-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                       | Minerva Luxembourg SA                                                        | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |      445000 | PA      | $391934.24    | 0.05%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF KENYA                           | Republic of Kenya Government International Bond                              | CUSIP: 491798AG9<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     2785000 | PA      | $2619571.00   | 0.31%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                    | Yapi ve Kredi Bankasi AS                                                     | CUSIP: 984848AS0<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |     1705000 | PA      | $1725818.05   | 0.21%             | N/A             | Fixed         | 9.74%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      160080 | PA      | $108930.44    | 0.01%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                     | Hungary Government International Bond                                        | CUSIP: 445545AM8<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     2600000 | PA      | $2116250.50   | 0.25%             | 2031-09-22      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                           | Gabon Government International Bond                                          | CUSIP: 362420AD3<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     2688000 | PA      | $1916705.95   | 0.23%             | 2031-02-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                       | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     3190000 | PA      | $3043444.67   | 0.36%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                       | CUSIP: 699149AK6<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     1940000 | PA      | $1635905.00   | 0.19%             | 2033-01-29      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | PLN/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $125621.64    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                    | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      579000 | PA      | $568049.81    | 0.07%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                     | El Salvador Government International Bond                                    | CUSIP: 283875CE0<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     2720000 | PA      | $2809117.70   | 0.33%             | 2030-04-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                    | Abu Dhabi Developmental Holding Co PJSC                                      | CUSIP: 00402D2D6<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |     2415000 | PA      | $2211267.58   | 0.26%             | 2054-10-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PT SORIK MAR GEO POW                        | Sorik Marapi Geothermal Power PT                                             | CUSIP: 74390TAA7<br>LEI: 254900OW9VKG09S8C597 | Long             | DBT              | CORP              | ID        |     1821568 | PA      | $1773752.33   | 0.21%             | 2031-08-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                       | Sri Lanka Government International Bond                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     4915164 | PA      | $3440614.80   | 0.41%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                         | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1330000 | PA      | $1347863.47   | 0.16%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                       | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     1910000 | PA      | $1885764.60   | 0.22%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                          | Republic of Poland Government International Bond                             | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     4075000 | PA      | $4692428.18   | 0.56%             | 2035-01-16      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                       | CUSIP: 195325BK0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     4385000 | PA      | $4075439.87   | 0.48%             | 2037-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| ROMANIA                                     | Romanian Government International Bond                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     1730000 | PA      | $1799658.83   | 0.21%             | 2036-02-22      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |          77 | NC      | $82752.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                     | USD/MXN FORWARD                                                              | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-150994.77   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                        | CUSIP: 25714PDZ8<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     3340000 | PA      | $3367388.00   | 0.40%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                    | Petroleos de Venezuela SA                                                    | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     3630000 | PA      | $430155.00    | 0.05%             | 2027-04-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                          | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     7396842 | PA      | $5033366.24   | 0.60%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                     | Romanian Government International Bond                                       | CUSIP: 77586RAK6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     2700000 | PA      | $2585759.00   | 0.31%             | 2027-02-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                    | Saudi Government International Bond                                          | CUSIP: 80413TAR0<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     6305000 | PA      | $4269928.85   | 0.51%             | 2055-01-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SR SF                    | Liberty Costa Rica Senior Secured Finance                                    | CUSIP: 530371AA1<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |     2614000 | PA      | $2777649.47   | 0.33%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                         | Turkiye Government International Bond                                        | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     2755000 | PA      | $2990417.51   | 0.36%             | 2030-07-13      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                           | Lebanon Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     4545000 | PA      | $786000.94    | 0.09%             | 2025-02-26      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                       | Guatemala Government Bond                                                    | CUSIP: 401494AS8<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     5105000 | PA      | $4916535.19   | 0.58%             | 2032-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF EL SALVADOR                     | El Salvador Government International Bond                                    | CUSIP: 283875CD2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     2720000 | PA      | $61072.38     | 0.01%             | 2030-04-17      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | BRL/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $304214.52    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                       | Indonesia Government International Bond                                      | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |      415000 | PA      | $472189.58    | 0.06%             | 2033-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                        | Petronas Capital Ltd                                                         | CUSIP: 716743AR0<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     2105000 | PA      | $1777040.56   | 0.21%             | 2050-04-21      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                    | Hazine Mustesarligi Varlik Kiralama AS                                       | CUSIP: 421790AK2<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |     4710000 | PA      | $4997234.64   | 0.59%             | 2029-01-14      | Fixed         | 8.51%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                          | Zambia Government International Bond                                         | CUSIP: 988895AR9<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     2326963 | PA      | $1329434.69   | 0.16%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                          | Angolan Government International Bond                                        | CUSIP: 035198AA8<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     3030000 | PA      | $2966819.20   | 0.35%             | 2025-11-12      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF SRI LANKA                       | Sri Lanka Government International Bond                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     2905840 | PA      | $2360995.00   | 0.28%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                     | El Salvador Government International Bond                                    | CUSIP: 283875AQ5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     1165000 | PA      | $1043488.48   | 0.12%             | 2041-02-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FERMACA ENTERPRISES S RL                    | Fermaca Enterprises S de RL de CV                                            | CUSIP: 31503AAA2<br>LEI: 549300HYMZDEHWD3X752 | Long             | DBT              | CORP              | MX        |     3281717 | PA      | $3157733.33   | 0.38%             | 2038-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                                       | CUSIP: 715638EC2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     4660000 | PA      | $4429330.00   | 0.53%             | 2054-08-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                    | Petroleos de Venezuela SA                                                    | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     1640000 | PA      | $225500.00    | 0.03%             | 2022-02-17      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | USD/THB FORWARD                                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-28776.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                       | CUSIP: 195325EA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     1440000 | PA      | $879518.22    | 0.10%             | 2042-02-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                    | Banco de Credito del Peru S.A.                                               | CUSIP: 05971U2D8<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |      450000 | PA      | $432957.60    | 0.05%             | 2031-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     4097407 | PA      | $2062839.55   | 0.25%             | 2034-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | COLOMBIA GOVERNMENT INTERNATIONAL BOND                                       | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     2010000 | PA      | $2043467.30   | 0.24%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                        | Saudi Arabian Oil Co                                                         | CUSIP: 80414L2P9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     2135000 | PA      | $1999427.50   | 0.24%             | 2054-07-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                       | Indonesia Government International Bond                                      | CUSIP: 455780CU8<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     8235000 | PA      | $6519367.12   | 0.78%             | 2070-04-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                        | CUSIP: 25714PEN4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     6130000 | PA      | $5929549.00   | 0.71%             | 2033-02-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                      | Eskom Holdings SOC Ltd                                                       | CUSIP: 29646AAD8<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     2005000 | PA      | $2049621.28   | 0.24%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                     | EIG Pearl Holdings Sarl                                                      | CUSIP: 28249NAB7<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |     3835000 | PA      | $2972262.10   | 0.35%             | 2046-11-30      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| BBFI LIQUIDATING TRUST                      | BBFI Liquidating Trust                                                       | CUSIP: 07335VAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     5045708 | PA      | $50457.08     | 0.01%             | 2099-12-30      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | USD/HUF FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $47228.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                          | Angolan Government International Bond                                        | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     5335000 | PA      | $4270600.81   | 0.51%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                    | Republic of South Africa Government International Bond                       | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     4700000 | PA      | $4565168.75   | 0.54%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                    | CUSIP: 221625AM8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     1713000 | PA      | $1690467.63   | 0.20%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                     | Mexican Bonos                                                                | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    60280000 | PA      | $2780524.70   | 0.33%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                         | CUSIP: 91087BAT7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1730000 | PA      | $1596077.24   | 0.19%             | 2033-05-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                    | Banco de Credito del Peru S.A.                                               | CUSIP: 05971U2C0<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     1930000 | PA      | $1926656.85   | 0.23%             | 2030-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                    | First Quantum Minerals Ltd                                                   | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     1720000 | PA      | $1745462.88   | 0.21%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                          | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      695246 | PA      | $528561.11    | 0.06%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                              | Qatar Government International Bond                                          | CUSIP: 74727PBE0<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |     3690000 | PA      | $3134304.45   | 0.37%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     3761258 | PA      | $1861874.43   | 0.22%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | CZK/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $142850.46    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                         | Turkiye Government International Bond                                        | CUSIP: 900123CJ7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     2095000 | PA      | $2070179.49   | 0.25%             | 2026-04-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                         | Ecuador Government International Bond                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     1949320 | PA      | $1462673.26   | 0.17%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                       | Venezuela Government International Bond                                      | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     3375000 | PA      | $497812.50    | 0.06%             | 2024-10-13      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                       | Melco Resorts Finance Ltd                                                    | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     1655000 | PA      | $1599170.48   | 0.19%             | 2032-04-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FIEMEX ENERGIA - BANC AC                    | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple             | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     1635542 | PA      | $1625319.67   | 0.19%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                       | Indonesia Government International Bond                                      | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     6335000 | PA      | $5875172.33   | 0.70%             | 2033-03-12      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                    | Republic of South Africa Government International Bond                       | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     2700000 | PA      | $1941840.00   | 0.23%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                       | Guatemala Government Bond                                                    | CUSIP: 401494AU3<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     2895000 | PA      | $2244671.34   | 0.27%             | 2041-10-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                       | Sri Lanka Government International Bond                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     2191178 | PA      | $2037488.21   | 0.24%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                       | Indonesia Government International Bond                                      | CUSIP: 455780CW4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     4450000 | PA      | $2896316.10   | 0.34%             | 2051-03-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | USD/PLN FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-201184.94   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     2892488 | PA      | $1404659.42   | 0.17%             | 2036-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                      | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX | CUSIP: 05533UAF5<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |     2785000 | PA      | $2637197.27   | 0.31%             | 2033-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                           | Lebanon Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     4065000 | PA      | $703092.56    | 0.08%             | 2023-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                           | Chile Government International Bond                                          | CUSIP: 168863DS4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     3870000 | PA      | $2855479.50   | 0.34%             | 2041-05-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                       | Costa Rica Government International Bond                                     | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     3920000 | PA      | $4000626.68   | 0.48%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                           | Lebanon Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     1210000 | PA      | $208596.44    | 0.02%             | 2029-05-25      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      288922 | PA      | $181342.14    | 0.02%             | 2029-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                      | Oman Government International Bond                                           | CUSIP: 682051AF4<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     2610000 | PA      | $2594886.14   | 0.31%             | 2047-03-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                          | Angolan Government International Bond                                        | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     4595000 | PA      | $3618528.04   | 0.43%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                       | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     3830000 | PA      | $3765122.40   | 0.45%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/COP FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-291829.11   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                          | Panama Government International Bond                                         | CUSIP: 698299BB9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     2480000 | PA      | $1514065.94   | 0.18%             | 2053-04-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                        | Petronas Capital Ltd                                                         | CUSIP: 716743AW9<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     4930000 | PA      | $5011071.63   | 0.60%             | 2035-04-03      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                      | Republic of Uzbekistan International Bond                                    | CUSIP: 91822Q2C0<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |     3950000 | PA      | $3401073.44   | 0.40%             | 2030-11-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                        | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     4640000 | PA      | $4585480.00   | 0.55%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                              | Qatar Government International Bond                                          | CUSIP: 74727PAY7<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |     3050000 | PA      | $2892360.75   | 0.34%             | 2048-04-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                    | Bank Gospodarstwa Krajowego                                                  | CUSIP: 06237MAA1<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |     2090000 | PA      | $2105869.37   | 0.25%             | 2033-05-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FED HOME LN DISCOUNT NT                     | FEDERAL HOME LOAN BANK DISCOUNT NOTES                                        | CUSIP: 313385FA9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    19000000 | PA      | $18997772.82  | 2.26%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BIOCEANICO SOVEREIGN                        | Bioceanico Sovereign Certificate Ltd                                         | CUSIP: 09076AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     3266124 | PA      | $2529286.21   | 0.30%             | 2034-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PAYDEN CASH RESERVES MONEY MARKET           | PAYDEN CASH RESERVES MONEY MARKET                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     9503184 | NS      | $9503183.75   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      593240 | PA      | $292663.09    | 0.03%             | 2030-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | USD/IDR FORWARD                                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-93050.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCORP PERU LTD                          | Intercorp Peru Ltd                                                           | CUSIP: 458652AB0<br>LEI: 549300L0OFVSOE4NSY75 | Long             | DBT              | CORP              | BS        |      515000 | PA      | $481533.86    | 0.06%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF ARGENTINA                       | Argentine Republic Government International Bond                             | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    19207476 | PA      | $12857173.17  | 1.53%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      505614 | PA      | $254551.36    | 0.03%             | 2034-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                      | Eskom Holdings SOC Ltd                                                       | CUSIP: 29646AAC0<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |      905000 | PA      | $895397.95    | 0.11%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                       | Costa Rica Government International Bond                                     | CUSIP: 221602AC9<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |      925000 | PA      | $931937.50    | 0.11%             | 2044-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                         | Nigeria Government International Bond                                        | CUSIP: 65412JAR4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     3470000 | PA      | $3119313.13   | 0.37%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                          | Morocco Government International Bond                                        | CUSIP: 617726AP9<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |     1840000 | PA      | $1905366.00   | 0.23%             | 2033-09-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                       | Venezuela Government International Bond                                      | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     4560000 | PA      | $672600.00    | 0.08%             | 2025-04-21      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                         | Turkiye Government International Bond                                        | CUSIP: 900123BJ8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     1070000 | PA      | $855149.62    | 0.10%             | 2041-01-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                       | Guatemala Government Bond                                                    | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     8880000 | PA      | $8895680.48   | 1.06%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/CNH FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-19584.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                         | CUSIP: 91087BAU4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1270000 | PA      | $1293378.16   | 0.15%             | 2028-02-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                          | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3190000 | PA      | $3139224.42   | 0.37%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                          | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2981000 | PA      | $2557059.56   | 0.30%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                           | Jordan Government International Bond                                         | CUSIP: 41809JAA3<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     1320000 | PA      | $1339767.00   | 0.16%             | 2028-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL CAM/PLUS LOTE                    | Pluspetrol Camisea SA / Pluspetrol Lote 56 SA                                | CUSIP: 72941KAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |      490000 | PA      | $500210.64    | 0.06%             | 2036-07-03      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                       | CUSIP: 699149AN0<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     4440000 | PA      | $4482180.00   | 0.53%             | 2036-02-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     7740000 | PA      | $7581801.76   | 0.90%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                        | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     1820000 | PA      | $1809626.00   | 0.22%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                     | Hungary Government International Bond                                        | CUSIP: 445545AS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     2170000 | PA      | $2239581.05   | 0.27%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      759110 | PA      | $292200.42    | 0.03%             | 2034-02-01      | Variable      | 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      | $33033.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PERUSAHAAN PENERBIT SBSN                    | Perusahaan Penerbit SBSN Indonesia III                                       | CUSIP: 71567TAF9<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |     4770000 | PA      | $4621072.30   | 0.55%             | 2054-11-25      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                       | Argentine Republic Government International Bond                             | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    13472800 | PA      | $10340374.00  | 1.23%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                    | AI Candelaria -spain- SA                                                     | CUSIP: 001355AA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |     1313954 | PA      | $1296691.46   | 0.15%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                         | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     4920000 | PA      | $4334903.76   | 0.52%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                          | Zambia Government International Bond                                         | CUSIP: 988895AQ1<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     5630593 | PA      | $4899460.78   | 0.58%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                        | Indonesia Treasury Bond                                                      | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 67377000000 | PA      | $4004710.29   | 0.48%             | 2034-02-15      | Fixed         | 6.62%                 | 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        |     7781253 | NS      | $7781252.69   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF ARGENTINA                       | Argentine Republic Government International Bond                             | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     4344090 | PA      | $3035375.73   | 0.36%             | 2038-01-09      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L                        | Abu Dhabi Government International Bond                                      | CUSIP: 29135LAU4<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |     3790000 | PA      | $3764782.29   | 0.45%             | 2054-04-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                          | Peru Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    18835000 | PA      | $4292949.60   | 0.51%             | 2040-08-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | USD/INR FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-14251.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | BRL/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           1 | NC      | $23072.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                          | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3640000 | PA      | $3558779.22   | 0.42%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                       | CUSIP: 699149AM2<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     4510000 | PA      | $4555100.00   | 0.54%             | 2033-08-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                         | Ecuador Government International Bond                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     5160000 | PA      | $3152502.98   | 0.37%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                    | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     2050000 | PA      | $2119108.50   | 0.25%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                    | Banco de Credito e Inversiones SA                                            | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     1550000 | PA      | $1607551.50   | 0.19%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                       | Sri Lanka Government International Bond                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     2303369 | PA      | $1618116.72   | 0.19%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                     | Pakistan Government International Bond                                       | CUSIP: 695847AT0<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     2805000 | PA      | $2218398.06   | 0.26%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                     | Hungary Government International Bond                                        | CUSIP: 445545AF3<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     4174000 | PA      | $4620843.40   | 0.55%             | 2041-03-29      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                        | Indonesia Treasury Bond                                                      | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 58833000000 | PA      | $3882588.14   | 0.46%             | 2036-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                       | Argentine Republic Government International Bond                             | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     5107500 | PA      | $3095219.72   | 0.37%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | PEN/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-97882.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GACI FIRST INVESTMENT                       | Gaci First Investment Co                                                     | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |     2535000 | PA      | $2072806.13   | 0.25%             | 2122-10-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                          | Peru Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    16365000 | PA      | $4117286.14   | 0.49%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                          | Peru Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    15920000 | PA      | $4523363.77   | 0.54%             | 2039-08-12      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                      | Oman Government International Bond                                           | CUSIP: 682051AH0<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     8480000 | PA      | $8586691.12   | 1.02%             | 2028-01-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                      | Republic of Uzbekistan International Bond                                    | CUSIP: 91822Q2A4<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |     4280000 | PA      | $4174819.00   | 0.50%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                          | CUSIP: 03846JW55<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     1975000 | PA      | $1363034.89   | 0.16%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: —       |
| BONOS TESORERIA PESOS                       | Bonos de la Tesoreria de la Republica en pesos                               | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  3905000000 | PA      | $4240328.39   | 0.50%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                           | Chile Government International Bond                                          | CUSIP: 168863EA2<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     2473244 | PA      | $2305694.13   | 0.27%             | 2054-01-05      | Fixed         | 5.33%                 | No            |                  2 | On Loan: —       |
| ABU DHABI CRUDE OIL                         | Abu Dhabi Crude Oil Pipeline LLC                                             | CUSIP: 00401MAB2<br>LEI: 549300DONDFW2383FV66 | Long             | DBT              | CORP              | AE        |     9558000 | PA      | $8484648.55   | 1.01%             | 2047-11-02      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GREENKO POWER II LTD                        | Greenko Power II Ltd                                                         | CUSIP: 39530MAA6<br>LEI: 254900YYA4B6O2O4JM12 | Long             | DBT              | CORP              | MU        |      751500 | PA      | $690939.09    | 0.08%             | 2028-12-13      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | HUF/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-47498.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                       | Sri Lanka Government International Bond                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     3318868 | PA      | $2165329.05   | 0.26%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                       | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     2475000 | PA      | $1914915.25   | 0.23%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                        | Republic of Uzbekistan International Bond                                    | CUSIP: 91822QVX2<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |     3200000 | PA      | $3382732.80   | 0.40%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                     | Pakistan Government International Bond                                       | CUSIP: 695847AU7<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     2665000 | PA      | $1904275.75   | 0.23%             | 2051-04-08      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                    | Petroleos de Venezuela SA                                                    | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     1122500 | PA      | $1055150.00   | 0.13%             | 2020-10-27      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                           | Lebanon Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     2290000 | PA      | $394651.16    | 0.05%             | 2027-11-29      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                    | CUSIP: 221625AN6<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     3735000 | PA      | $3223342.35   | 0.38%             | 2033-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF TURKIYE                         | Turkiye Government International Bond                                        | CUSIP: 900123DP2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     3375000 | PA      | $3298289.63   | 0.39%             | 2032-02-12      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                      | Republic of Poland Government Bond                                           | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    39740000 | PA      | $10357350.04  | 1.23%             | 2034-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/PEN FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-283811.98   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | USD/MXN FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-116804.95   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | KRW/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $7474.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | USD/KZT FORWARD                                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-27885.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/BRL FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-912551.20   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | KZT/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $164900.59    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | COP/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-837.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | USD/EUR FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-268617.22   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | USD/KRW FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-42879.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | USD/THB FORWARD                                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-297184.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | THB/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-16329.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | PEN/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $799.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                   | IRS USD                                                                      | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-220096.87   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                   | IRS EUR                                                                      | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $10364.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                   | IRS EUR                                                                      | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $103420.89    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                   | IRS USD                                                                      | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-103160.54   | -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      | $476346.21    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS MXN                                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |           1 | NC      | $567882.22    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | EUR/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $299905.79    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      111320 | PA      | $95040.84     | 0.01%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                     | Hungary Government Bond                                                      | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |  2575310000 | PA      | $7315704.45   | 0.87%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                    | Petroleos de Venezuela SA                                                    | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     2890000 | PA      | $375700.00    | 0.04%             | 2021-11-17      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUX II SRL                    | Tierra Mojada Luxembourg II Sarl                                             | CUSIP: 30260LAA3<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |     1878508 | PA      | $1726489.50   | 0.21%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                     | Philippine Government International Bond                                     | CUSIP: 718286DH7<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     4245000 | PA      | $4325781.25   | 0.51%             | 2050-02-04      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| HUTAMA KARYA PERSERO PT                     | Hutama Karya Persero PT                                                      | CUSIP: 69375MAA1<br>LEI: 2549009QN3GU8QCI7Q61 | Long             | DBT              | CORP              | ID        |     3030000 | PA      | $2858842.60   | 0.34%             | 2030-05-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       72231 | PA      | $35076.84     | 0.00%             | 2036-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                       | Sri Lanka Government International Bond                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     4608677 | PA      | $3260638.98   | 0.39%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                        | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     1900000 | PA      | $1772985.00   | 0.21%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                       | Venezuela Government International Bond                                      | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     1420000 | PA      | $220100.00    | 0.03%             | 2038-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/PLN FORWARD                                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-164864.56   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                      | Brazilian Government International Bond                                      | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     8255000 | PA      | $8108921.50   | 0.96%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                     | Hungary Government International Bond                                        | CUSIP: 445545AP1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     7195000 | PA      | $7195089.94   | 0.86%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                         | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1320000 | PA      | $1260557.76   | 0.15%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                         | Senegal Government International Bond                                        | CUSIP: 81720TAD7<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     5490000 | PA      | $3334296.60   | 0.40%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                       | Argentine Republic Government International Bond                             | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     1547095 | PA      | $1247732.52   | 0.15%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                           | Lebanon Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     4140000 | PA      | $714112.74    | 0.08%             | 2032-03-23      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                      | Egypt Government International Bond                                          | CUSIP: 03846JX54<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     2865000 | PA      | $2445635.63   | 0.29%             | 2032-05-29      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                     | Turkiye Government Bond                                                      | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   193565000 | PA      | $3301763.91   | 0.39%             | 2028-07-19      | Fixed         | 17.30%                | No            |                  2 | On Loan: No      |
| ISTANBUL METROPOLITAN MU                    | Istanbul Metropolitan Municipality                                           | CUSIP: 46522TAC2<br>LEI: 213800T1VDQSNKA2MD76 | Long             | DBT              | NUSS              | TR        |     3170000 | PA      | $3380155.15   | 0.40%             | 2028-12-06      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                         | Muthoot Finance Ltd                                                          | CUSIP: 62828L2C6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     1675000 | PA      | $1664788.97   | 0.20%             | 2028-02-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | USD/CLP FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $67022.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                    | Saudi Government International Bond                                          | CUSIP: 80413TAZ2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     3550000 | PA      | $2225786.10   | 0.26%             | 2051-11-17      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                         | Albania Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |      520000 | PA      | $558258.28    | 0.07%             | 2031-11-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                        | Indonesia Treasury Bond                                                      | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 43321000000 | PA      | $2590517.51   | 0.31%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                      | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL    | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |     3125000 | PA      | $2992914.69   | 0.36%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                     | European Bank for Reconstruction & Development                               | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | N/A       |    66000000 | PA      | $786222.91    | 0.09%             | 2031-03-14      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ACWA POWER MGMT INVST                       | Acwa Power Management And Investments One Ltd                                | CUSIP: 005117AA4<br>LEI: 635400M3OWQGQBZOYO38 | Long             | DBT              | CORP              | AE        |     2021212 | PA      | $2013157.52   | 0.24%             | 2039-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                    | Petroleos de Venezuela SA                                                    | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     3220000 | PA      | $381570.00    | 0.05%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                      | Oman Government International Bond                                           | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     4320000 | PA      | $4531242.60   | 0.54%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                       | Minerva Luxembourg SA                                                        | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |     2385000 | PA      | $2545672.68   | 0.30%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                         | Senegal Government International Bond                                        | CUSIP: 81720TAC9<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     2245000 | PA      | $1566184.96   | 0.19%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                | MXN/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $79710.99     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                     | Romanian Government International Bond                                       | CUSIP: 77586RAC4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     2320000 | PA      | $1980559.18   | 0.24%             | 2044-01-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                        | Paraguay Government International Bond                                       | CUSIP: 699149AB6<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     5745000 | PA      | $5421843.75   | 0.64%             | 2044-08-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                         | Shriram Finance Ltd                                                          | CUSIP: 82556FAA0<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |     1655000 | PA      | $1652969.65   | 0.20%             | 2027-04-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                          | Dominican Republic International Bond                                        | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     4780000 | PA      | $4303195.00   | 0.51%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                    | Bank Gospodarstwa Krajowego                                                  | CUSIP: 06237MAC7<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |     5650000 | PA      | $5780190.13   | 0.69%             | 2034-07-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                         | Petroleos Mexicanos                                                          | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     6045000 | PA      | $4669346.60   | 0.56%             | 2035-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                 | Geopark Ltd                                                                  | CUSIP: 37255BAC3<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |     1105000 | PA      | $956458.40    | 0.11%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                          | Leviathan Bond Ltd                                                           | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |     2255000 | PA      | $2188788.69   | 0.26%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF SOUTH AFRICA                    | Republic of South Africa Government International Bond                       | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     4980000 | PA      | $3568879.65   | 0.42%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GRUPO TELEVISA SAB                          | Grupo Televisa SAB                                                           | CUSIP: 000000000<br>LEI: 549300O4AF0C816ILN62 | Long             | DBT              | CORP              | MX        |    26900000 | PA      | $829887.05    | 0.10%             | 2043-05-14      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | USD/KRW FORWARD                                                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-88901.84    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                        | Colombia Government International Bond                                       | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     1980000 | PA      | $2014117.14   | 0.24%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                      | Brazilian Government International Bond                                      | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     3480000 | PA      | $3434567.80   | 0.41%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UAE INT'L GOVT BOND                         | UAE International Government Bond                                            | CUSIP: 31424EAE2<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     2000000 | PA      | $1834403.00   | 0.22%             | 2052-07-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                     | Hungary Government International Bond                                        | CUSIP: 445545AR7<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     1160000 | PA      | $1193851.12   | 0.14%             | 2028-05-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                 | Ivory Coast Government International Bond                                    | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     2690000 | PA      | $2487163.11   | 0.30%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                         | Nigeria Government International Bond                                        | CUSIP: 65412JAC7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     3525000 | PA      | $3320268.00   | 0.39%             | 2027-11-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MEXICAN UDIBONOS                            | Mexican Udibonos                                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   150519861 | PA      | $6661968.31   | 0.79%             | 2031-11-27      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                           | Ghana Government International Bond                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |       11040 | PA      | $10460.37     | 0.00%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                          | Ukraine Government International Bond                                        | CUSIP: 903724AW2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     2695000 | PA      | $1925291.83   | 0.23%             | 2041-08-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                          | Morocco Government International Bond                                        | CUSIP: 617726AN4<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |     3985000 | PA      | $4057427.38   | 0.48%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

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

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer