# EDGAR Filing Document

**Accession Number:** 0001432353
**File Stem:** 0001752724-25-183056
**Filing Date:** 2025-7
**Character Count:** 99355
**Document Hash:** 2fddf8d61d64ae503e3089438bc65b95
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183056.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183056

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Global X Funds
- **CENTRAL INDEX KEY:** 0001432353

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22209
- **FILM NUMBER:** 251164516

**BUSINESS ADDRESS:**
- **STREET 1:** 605 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10158
- **BUSINESS PHONE:** (212) 644-6110

**MAIL ADDRESS:**
- **STREET 1:** 605 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10158

## Series and Classes Contracts Data

### Global X Emerging Markets Bond ETF (Series ID: S000068582)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000219481 | Global X Emerging Markets Bond ETF | EMBD            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** GLOBAL X FUNDS

- **b. Investment Company Act file number:** 811-22209

- **c. CIK number of Registrant:** 0001432353

- **d. LEI of Registrant:** 5493003RA4QUTSYF1N15

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

  - **Street Address 1:** 605 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10158

  - **Telephone number:** 2126446110

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

- **a. Name of Series:** Global X Emerging Markets Bond ETF

- **b. EDGAR series identifier (if any):** S000068582

- **c. LEI of Series:** 549300KX08Z5S53TKH78

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $219102941.48

**Total Liabilities:** $69729.67

**Net Assets:** $219033211.81

**Cash Not Reported:** $3386327.34

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -177.93264664 | **1-Year:** -6693.76892928 | **5-Year:** -26175.53255698 | **10-Year:** -30947.86120763 | **30-Year:** -18831.75984365

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

- **3-Month:** -238.70057001 | **1-Year:** -4893.76619601 | **5-Year:** -15894.84042283 | **10-Year:** -13827.19894411 | **30-Year:** -3139.16445878

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219481 | 0.75%                | 0.28%                | -0.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-97022.32               | $622689.78                                 |
| Month 2  | $48453.87                | $-631519.83                                |
| Month 3  | $-348527.83              | $-1941070.48                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Becle, S.A.B. de C.V.                                                          | BECLE SAB DE CV 2.500000% 10/14/2031                                    | CUSIP: P0929YAA4<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | NUSS              | MX        |    900000 | PA      | $740410.74    | 0.34%             | 2031-10-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 6.500000% 01/23/2029                                | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1550000 | PA      | $1482232.61   | 0.68%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 4.850000% 09/30/2029                           | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1800000 | PA      | $1714500.00   | 0.78%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 8.750000% 11/21/2033                                   | CUSIP: 715638AP7<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   2200000 | PA      | $2653970.00   | 1.21%             | 2033-11-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 5.800000% 09/30/2027                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   2300000 | PA      | $2221803.93   | 1.01%             | 2027-09-30      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Emirate of Sharjah                                                             | FIN DEPT GOVT SHARJAH 6.500000% 11/23/2032                              | CUSIP: N/A<br>LEI: 254900ZNL8O3F1CLJO24       | Long             | DBT              | NUSS              | AE        |   1300000 | PA      | $1341990.00   | 0.61%             | 2032-11-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Trinidad and Tobago                                                | TRINIDAD & TOBAGO 6.400000% 06/26/2034                                  | CUSIP: P93960AK1<br>LEI: HYBZ5SXKW67ICKUUWH81 | Long             | DBT              | NUSS              | TT        |    800000 | PA      | $763960.00    | 0.35%             | 2034-06-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 6.250000% 09/22/2032                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   2400000 | PA      | $2484960.00   | 1.13%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Kingdom of Saudi Arabia                                                        | SAUDI GOVERNMENT INTERNATIONAL BOND MTN 4.500000% 04/17/2030            | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |    400000 | PA      | $396879.21    | 0.18%             | 2030-04-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republica Oriental del Uruguay                                                 | REPUBLICA ORIENT URUGUAY 5.100000% 06/18/2050                           | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   1000000 | PA      | $895450.00    | 0.41%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                              | REPUBLIC OF GHANA 5.000000% 07/03/2035                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |    500000 | PA      | $368750.00    | 0.17%             | 2035-07-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pemerintah Republik Indonesia                                                  | REPUBLIC OF INDONESIA 4.550000% 01/11/2028                              | CUSIP: 455780DQ6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    800000 | PA      | $803984.47    | 0.37%             | 2028-01-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                        | CORP NACIONAL DEL COBRE DE CHILE 3.625000% 08/01/2027                   | CUSIP: P3143NAY0<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |   1500000 | PA      | $1464900.00   | 0.67%             | 2027-08-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Republica del Ecuador                                                          | REPUBLIC OF ECUADOR 5.500000% 07/31/2035                                | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |   2300000 | PA      | $1431750.00   | 0.65%             | 2035-07-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Company                                                      | SAUDI ARABIAN OIL CO MTN 3.500000% 04/16/2029                           | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | DBT              | NUSS              | SA        |    800000 | PA      | $766324.00    | 0.35%             | 2029-04-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Royaume du Maroc                                                               | KINGDOM OF MOROCCO 3.000000% 12/15/2032                                 | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |   1000000 | PA      | $826352.00    | 0.38%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 2.659000% 05/24/2031                              | CUSIP: 91087BAM2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    600000 | PA      | $509040.00    | 0.23%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Royaume du Maroc                                                               | KINGDOM OF MOROCCO 6.500000% 09/08/2033                                 | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $207933.94    | 0.09%             | 2033-09-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                    | REPUBLIC OF NIGERIA 7.143000% 02/23/2030                                | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |    800000 | PA      | $735868.80    | 0.34%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| CK Hutchison International (23) Limited                                        | CK HUTCHISON INTERNATIONAL 23 LTD 4.750000% 04/21/2028                  | CUSIP: G21819AA8<br>LEI: 2549003AJI1YI8883K46 | Long             | DBT              | NUSS              | US        |    500000 | PA      | $501425.97    | 0.23%             | 2028-04-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                    | REPUBLIC OF NIGERIA 8.747000% 01/21/2031                                | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |   1200000 | PA      | $1157040.00   | 0.53%             | 2031-01-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Republic of the Philippines                                                    | REPUBLIC OF PHILIPPINES 6.375000% 10/23/2034                            | CUSIP: 718286BG1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   1700000 | PA      | $1851859.40   | 0.85%             | 2034-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 4.500000% 03/15/2029                               | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $1129800.00   | 0.52%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 3.250000% 04/22/2032                               | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1300000 | PA      | $1019850.00   | 0.47%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 0.000000% 02/01/2034                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    600000 | PA      | $223500.00    | 0.10%             | 2034-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of the Philippines                                                    | REPUBLIC OF PHILIPPINES 5.950000% 10/13/2047                            | CUSIP: 718286CU9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $202661.13    | 0.09%             | 2047-10-13      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 5.500000% 03/26/2036                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   1000000 | PA      | $946500.00    | 0.43%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 4.875000% 04/14/2026                           | CUSIP: 836205AT1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1400000 | PA      | $1393204.40   | 0.64%             | 2026-04-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 6.000000% 10/20/2033                             | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2500000 | PA      | $2452970.53   | 1.12%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACWA POWER MANAGEMENT AND INVESTMENTS ONE LTD                                  | ACWA POWER MANAGEMENT AND INVESTMENTS ONE LTD 5.950000% 12/15/2039      | CUSIP: M00020AA1<br>LEI: 635400M3OWQGQBZOYO38 | Long             | DBT              | NUSS              | SA        |    565374 | PA      | $562490.59    | 0.26%             | 2039-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ABU DHABI CRUDE OIL PIPELINE L.L.C.                                            | ABU DHABI CRUDE OIL PIPELINE LLC 4.600000% 11/02/2047                   | CUSIP: AP6574192<br>LEI: 549300DONDFW2383FV66 | Long             | DBT              | NUSS              | AE        |    600000 | PA      | $530454.00    | 0.24%             | 2047-11-02      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PT Indonesia Asahan Aluminium (Persero)                                        | INDONESIA ASAHAN ALUMINIUM PT / MINERAL INDUSTRI I 6.530000% 11/15/2028 | CUSIP: Y7140WAC2<br>LEI: 2549008P48EB9SN2OI80 | Long             | DBT              | NUSS              | ID        |   1200000 | PA      | $1256980.80   | 0.57%             | 2028-11-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 7.750000% 11/07/2036                               | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1000000 | PA      | $970000.00    | 0.44%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 0.000000% 02/01/2036                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    400000 | PA      | $192600.00    | 0.09%             | 2036-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 6.125000% 01/22/2032                             | CUSIP: 105756CK4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1500000 | PA      | $1515087.53   | 0.69%             | 2032-01-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 5.500000% 06/16/2034                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |    900000 | PA      | $871057.80    | 0.40%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA, INC.                                                       | BIMBO BAKERIES USA INC 6.400000% 01/15/2034                             | CUSIP: U0901RAC1<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | NUSS              | MX        |   1400000 | PA      | $1465457.00   | 0.67%             | 2034-01-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 5.875000% 09/16/2025                           | CUSIP: 836205AR5<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    600000 | PA      | $600917.11    | 0.27%             | 2025-09-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Joint Stock Company Development Bank of Kazakhstan                             | DEVELOPMENT BANK OF KAZA 5.625000% 04/07/2030                           | CUSIP: N/A<br>LEI: 213800LCDPGJ1BI7KX98       | Long             | DBT              | NUSS              | KZ        |   1000000 | PA      | $992446.36    | 0.45%             | 2030-04-07      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NBK SPC LIMITED                                                                | NBK SPC LTD 1.625000% 09/15/2027                                        | CUSIP: N/A<br>LEI: 549300P1ANDK86KWB419       | Long             | DBT              | NUSS              | KW        |   1200000 | PA      | $1149594.00   | 0.52%             | 2027-09-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver | FIEMEX ENERGIA - BANCO ACTINVER SA INSTITUCION DE 7.250000% 01/31/2041  | CUSIP: P0R12RAA8<br>LEI: 4469000001BLWI4LQJ08 | Long             | DBT              | NUSS              | MX        |   1491376 | PA      | $1471614.78   | 0.67%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 6.400000% 06/05/2049                                 | CUSIP: P3579ECE5<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    200000 | PA      | $182500.00    | 0.08%             | 2049-06-05      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PT Pertamina (Persero)                                                         | PERTAMINA PERSERO PT MTN 6.450000% 05/30/2044                           | CUSIP: 69370RAA5<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $200579.57    | 0.09%             | 2044-05-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 6.750000% 09/25/2052                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |    800000 | PA      | $800000.00    | 0.37%             | 2052-09-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.625000% 02/15/2055                                    | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1907500.00   | 0.87%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 1.750000% 02/01/2034                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    350000 | PA      | $170625.00    | 0.08%             | 2034-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Azarbayjan Respublikasi                                                        | REPUBLIC OF AZERBAIJAN 3.500000% 09/01/2032                             | CUSIP: N/A<br>LEI: 549300P74FF45UQVU281       | Long             | DBT              | NUSS              | AZ        |    800000 | PA      | $700394.40    | 0.32%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOV INTERNTL BOND 5.625000% 01/17/2028                             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |   2100000 | PA      | $2121779.10   | 0.97%             | 2028-01-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Company                                                      | SAUDI ARABIAN OIL CO MTN 5.750000% 07/17/2054                           | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | DBT              | NUSS              | SA        |   1800000 | PA      | $1635300.00   | 0.75%             | 2054-07-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Republica de Panama                                                            | REPUBLIC OF PANAMA 6.400000% 02/14/2035                                 | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    500000 | PA      | $470150.00    | 0.21%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Orbia Advance Corporation S.A.B. de CV                                         | ORBIA ADVANCE CORP SAB DE CV 2.875000% 05/11/2031                       | CUSIP: P7S81YAC9<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | NUSS              | MX        |    800000 | PA      | $655940.47    | 0.30%             | 2031-05-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 6.400000% 05/07/2054                              | CUSIP: 91087BBA7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1500000 | PA      | $1320330.00   | 0.60%             | 2054-05-07      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 7.903000% 02/21/2048                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $434391.10    | 0.20%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LIMITED                                                      | DP WORLD CRESCENT LTD 5.500000% 09/13/2033                              | CUSIP: N/A<br>LEI: 21380096JRTWB8TL9236       | Long             | DBT              | NUSS              | AE        |    600000 | PA      | $600747.00    | 0.27%             | 2033-09-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 4.750000% 04/27/2032                              | CUSIP: 91087BAK6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1800000 | PA      | $1675764.00   | 0.77%             | 2032-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 1.750000% 02/01/2035                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |   1400000 | PA      | $672000.00    | 0.31%             | 2035-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Republic of the Philippines                                                    | REPUBLIC OF PHILIPPINES 3.700000% 02/02/2042                            | CUSIP: 718286CB1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    600000 | PA      | $469415.74    | 0.21%             | 2042-02-02      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Republica de Costa Rica                                                        | COSTA RICA GOVERNMENT INTERNATIONAL BOND 144A 6.550000% 04/03/2034      | CUSIP: 221597CR6<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    400000 | PA      | $411512.00    | 0.19%             | 2034-04-03      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.250000% 02/15/2054                                    | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1786328.12   | 0.82%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 3.875000% 04/25/2027                               | CUSIP: 195325DL6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $1171980.00   | 0.54%             | 2027-04-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PT Perusahaan Listrik Negara (Persero)                                         | PERUSAHAAN PERSEROAN PERSERO PT PERUSAHAAN LISTRIK 4.125000% 05/15/2027 | CUSIP: 71568QAC1<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | NUSS              | ID        |    400000 | PA      | $394783.60    | 0.18%             | 2027-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 6.000000% 07/19/2028                                 | CUSIP: P3579ECB1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1800000 | PA      | $1815300.00   | 0.83%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                              | REPUBLIC OF GHANA ZERO COUPON 07/03/2026                                | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |    120000 | PA      | $116100.00    | 0.05%             | 2026-07-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 7.500000% 01/31/2027                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    900000 | PA      | $909796.95    | 0.42%             | 2027-01-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republica de Panama                                                            | REPUBLIC OF PANAMA 4.500000% 04/01/2056                                 | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    400000 | PA      | $243900.00    | 0.11%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of Bahrain                                                             | KINGDOM OF BAHRAIN 6.750000% 09/20/2029                                 | CUSIP: N/A<br>LEI: 54930065PJIB53WWMP12       | Long             | DBT              | NUSS              | BH        |    700000 | PA      | $710112.21    | 0.32%             | 2029-09-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 7.690000% 01/23/2050                                | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1350000 | PA      | $992627.06    | 0.45%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 2.392000% 01/23/2026                                   | CUSIP: 715638DE9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    200000 | PA      | $196460.00    | 0.09%             | 2026-01-23      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.500000% 11/15/2054                                    | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1866875.00   | 0.85%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 5.200000% 05/15/2049                               | CUSIP: 195325DQ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1200000 | PA      | $786600.00    | 0.36%             | 2049-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 0.000000% 02/01/2035                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    439274 | PA      | $211949.71    | 0.10%             | 2035-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | EGYPT GOVERNMENT INTERNATIONAL BOND MTN 5.875000% 02/16/2031            | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $512817.68    | 0.23%             | 2031-02-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                 | ECOPETROL SA 5.875000% 05/28/2045                                       | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | NUSS              | CO        |   1300000 | PA      | $875296.89    | 0.40%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republica de Panama                                                            | REPUBLIC OF PANAMA 3.875000% 03/17/2028                                 | CUSIP: 698299BF0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1200000 | PA      | $1145280.00   | 0.52%             | 2028-03-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ORLEN SPOLKA AKCYJNA                                                           | ORLEN SA 6.000000% 01/30/2035                                           | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | DBT              | NUSS              | PL        |   1500000 | PA      | $1513125.00   | 0.69%             | 2035-01-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                          | REPUBLIC OF COLOMBIA 3.125000% 04/15/2031                               | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    800000 | PA      | $654000.00    | 0.30%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 5.875000% 04/20/2032                           | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   2000000 | PA      | $1916800.00   | 0.88%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republica del Ecuador                                                          | REPUBLIC OF ECUADOR 6.900000% 07/31/2030                                | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |   1000000 | PA      | $774510.00    | 0.35%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 6.840000% 01/23/2030                                | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   2600000 | PA      | $2429621.22   | 1.11%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.100000% 01/15/2030                              | CUSIP: Y1237TAA0<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    207180 | PA      | $179797.02    | 0.08%             | 2030-01-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 5.250000% 11/25/2027                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |    600000 | PA      | $594000.00    | 0.27%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GC Treasury Center Company Limited                                             | GC TREASURY CENTER CO LTD MTN 2.980000% 03/18/2031                      | CUSIP: 36830DAB7<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | NUSS              | TH        |   1200000 | PA      | $1034302.04   | 0.47%             | 2031-03-18      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| GCC, S.A.B. de C.V                                                             | GCC SAB DE CV 3.614000% 04/20/2032                                      | CUSIP: P47465AB8<br>LEI: 254900WY9XL8033CKX68 | Long             | DBT              | NUSS              | US        |   1500000 | PA      | $1308856.05   | 0.60%             | 2032-04-20      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Republica de Chile                                                             | REPUBLIC OF CHILE 4.000000% 01/31/2052                                  | CUSIP: 168863DW5<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1200000 | PA      | $899400.00    | 0.41%             | 2052-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PT Freeport Indonesia                                                          | FREEPORT INDONESIA PT MTN 5.315000% 04/14/2032                          | CUSIP: Y7141BAB9<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | NUSS              | ID        |    600000 | PA      | $592151.46    | 0.27%             | 2032-04-14      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Royaume du Maroc                                                               | KINGDOM OF MOROCCO 4.000000% 12/15/2050                                 | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $131500.00    | 0.06%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.250000% 01/31/2030                                    | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   2000000 | PA      | $2024687.50   | 0.92%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republica de Chile                                                             | REPUBLIC OF CHILE 3.860000% 06/21/2047                                  | CUSIP: 168863CE6<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $150840.00    | 0.07%             | 2047-06-21      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| The State of Qatar                                                             | STATE OF QATAR 4.400000% 04/16/2050                                     | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |   1000000 | PA      | $834500.00    | 0.38%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                           | JPMORGAN CHASE & CO 3.960000% 01/29/2027                                | CUSIP: 46647PBA3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1095390.75   | 0.50%             | 2027-01-29      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.600000% 02/15/2038                              | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    100000 | PA      | $78000.00     | 0.04%             | 2038-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Emirate of Sharjah                                                             | FINANCE DEPARTMENT GOVERNMENT OF SHARJAH MTN 4.375000% 03/10/2051       | CUSIP: N/A<br>LEI: 254900ZNL8O3F1CLJO24       | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $132548.40    | 0.06%             | 2051-03-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 4.400000% 02/12/2052                              | CUSIP: 91087BAS9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $133180.00    | 0.06%             | 2052-02-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 5.000000% 10/31/2025                                    | CUSIP: 91282CJE2<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   3000000 | PA      | $3007078.11   | 1.37%             | 2025-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Islamic Republic of Pakistan                                                   | PAKISTAN GOVERNMENT INTERNATIONAL BOND MTN 7.375000% 04/08/2031         | CUSIP: N/A<br>LEI: 529900LOP29R5WKHOD86       | Long             | DBT              | NUSS              | PK        |    400000 | PA      | $340596.00    | 0.16%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                           | JPMORGAN CHASE & CO 1.578000% 04/22/2027                                | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1168588.14   | 0.53%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 5.875000% 08/08/2054                                   | CUSIP: 715638EC2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1800000 | PA      | $1697220.00   | 0.77%             | 2054-08-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republica Argentina                                                            | REPUBLIC OF ARGENTINA 3.500000% 07/09/2041                              | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   2400000 | PA      | $1490400.00   | 0.68%             | 2041-07-09      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 0.000000% 02/01/2030                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    200000 | PA      | $96500.00     | 0.04%             | 2030-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Rumo Luxembourg S.a r.l.                                                       | RUMO LUXEMBOURG SARL 4.200000% 01/18/2032                               | CUSIP: L79090AD5<br>LEI: 222100HOIQFT7YOSPB46 | Long             | DBT              | NUSS              | BR        |   1400000 | PA      | $1226540.00   | 0.56%             | 2032-01-18      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                                        | SASOL FINANCING USA LLC 5.500000% 03/18/2031                            | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | ZA        |    400000 | PA      | $327862.96    | 0.15%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 8.875000% 05/29/2050                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $474603.74    | 0.22%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| The Hashemite Kingdom of Jordan                                                | KINGDOM OF JORDAN 5.750000% 01/31/2027                                  | CUSIP: N/A<br>LEI: 5493000JZ4MYPVMBVN50       | Long             | DBT              | NUSS              | JO        |    400000 | PA      | $397000.00    | 0.18%             | 2027-01-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                    | NIGERIA GOVERNMENT INTERNATIONAL BOND MTN 7.625000% 11/28/2047          | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |   1000000 | PA      | $749419.00    | 0.34%             | 2047-11-28      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 4.500000% 01/30/2030                                 | CUSIP: P3579ECF2<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1800000 | PA      | $1688220.00   | 0.77%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EIG Pearl Holdings S.a r.l.                                                    | EIG PEARL HOLDINGS SARL 3.545000% 08/31/2036                            | CUSIP: N/A<br>LEI: 549300KIMRL45BWA5H76       | Long             | DBT              | NUSS              | SA        |    595586 | PA      | $523070.85    | 0.24%             | 2036-08-31      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL DE COMERCIO EXTERIOR, SOCIEDAD NACIONAL DE CREDITO              | BANCO NACIONAL DE COMERCIO EXTERIOR SNC/CAYMAN ISL 5.875000% 05/07/2030 | CUSIP: P14519AA3<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    250000 | PA      | $250782.50    | 0.11%             | 2030-05-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| The State of Qatar                                                             | STATE OF QATAR 4.817000% 03/14/2049                                     | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |    700000 | PA      | $621600.00    | 0.28%             | 2049-03-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| PETRONAS Capital Limited                                                       | PETRONAS CAPITAL LTD MTN 4.550000% 04/21/2050                           | CUSIP: Y68856AV8<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | NUSS              | MY        |   1800000 | PA      | $1486779.43   | 0.68%             | 2050-04-21      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Kingdom of Saudi Arabia                                                        | SAUDI GOVERNMENT INTERNATIONAL BOND MTN 2.250000% 02/02/2033            | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |    600000 | PA      | $494604.00    | 0.23%             | 2033-02-02      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| The State of Qatar                                                             | STATE OF QATAR 3.750000% 04/16/2030                                     | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |    800000 | PA      | $778480.00    | 0.36%             | 2030-04-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.600000% 05/15/2036                              | CUSIP: Y1237TAC6<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    500000 | PA      | $388125.00    | 0.18%             | 2036-05-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Republika Srbija                                                               | REPUBLIC OF SERBIA 6.500000% 09/26/2033                                 | CUSIP: N/A<br>LEI: 254900W94OCY91V32O78       | Long             | DBT              | NUSS              | RS        |   1500000 | PA      | $1546616.55   | 0.71%             | 2033-09-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Lebanon                                                            | LEBANON GOVERNMENT INTERNATIONAL BOND MTN 6.650000% 02/26/2030          | CUSIP: N/A<br>LEI: 529900QPC4K9S1KHL354       | Long             | DBT              | NUSS              | LB        |   2500000 | PA      | $433705.00    | 0.20%             | 2030-02-26      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 5.375000% 02/08/2035                                   | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1000000 | PA      | $983000.00    | 0.45%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Royaume du Maroc                                                               | KINGDOM OF MOROCCO 5.950000% 03/08/2028                                 | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |   1000000 | PA      | $1017500.00   | 0.46%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Chile Electricity Lux MPC S.a r.l.                                             | CHILE ELECTRICITY LUX MPC SARL 6.010000% 01/20/2033                     | CUSIP: L15669AA9<br>LEI: N/A                  | Long             | DBT              | NUSS              | CL        |   2325000 | PA      | $2386031.25   | 1.09%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 5.750000% 05/11/2047                                | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1200000 | PA      | $861334.80    | 0.39%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Republic of Bulgaria                                                           | BULGARIA 5.000000% 03/05/2037                                           | CUSIP: N/A<br>LEI: 529900PG0XCL4LICL838       | Long             | DBT              | NUSS              | BG        |   1300000 | PA      | $1255538.41   | 0.57%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The State of Qatar                                                             | STATE OF QATAR 4.625000% 06/02/2046                                     | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |    200000 | PA      | $176455.00    | 0.08%             | 2046-06-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 3.625000% 03/27/2032                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   1000000 | PA      | $835873.67    | 0.38%             | 2032-03-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Pemerintah Republik Indonesia                                                  | REPUBLIC OF INDONESIA 5.250000% 01/15/2030                              | CUSIP: 455780DZ6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   1000000 | PA      | $1027295.71   | 0.47%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Republica de Panama                                                            | REPUBLIC OF PANAMA 3.870000% 07/23/2060                                 | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1600000 | PA      | $853680.00    | 0.39%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Republica de El Salvador                                                       | EL SALVADOR GOVERNMENT INTERNATIONAL BOND 144A 7.124600% 01/20/2050     | CUSIP: 283875BZ4<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    400000 | PA      | $324360.00    | 0.15%             | 2050-01-20      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                                       | UNITED MEXICAN STATES 6.350000% 02/09/2035                              | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2100000 | PA      | $2091894.00   | 0.96%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 5.250000% 06/16/2029                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   1000000 | PA      | $1002426.00   | 0.46%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Banco Nacional de Comercio Exterior, S.N.C.                                    | BANCO NACIONAL DE COMERCIO EXTERIOR SNC/CAYMAN ISL 2.720000% 08/11/2031 | CUSIP: P1451JAA1<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | NUSS              | MX        |    800000 | PA      | $751939.84    | 0.34%             | 2031-08-11      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 4.300000% 10/12/2028                           | CUSIP: 836205AU8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1000000 | PA      | $956010.00    | 0.44%             | 2028-10-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| EIG Pearl Holdings S.a r.l.                                                    | EIG PEARL HOLDINGS SARL 4.387000% 11/30/2046                            | CUSIP: N/A<br>LEI: 549300KIMRL45BWA5H76       | Long             | DBT              | NUSS              | SA        |    800000 | PA      | $613864.00    | 0.28%             | 2046-11-30      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Republica Del Paraguay                                                         | REPUBLIC OF PARAGUAY 4.950000% 04/28/2031                               | CUSIP: P75744AJ4<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    600000 | PA      | $588438.00    | 0.27%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Republique de Cote d'Ivoire                                                    | IVORY COAST 6.125000% 06/15/2033                                        | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |   1000000 | PA      | $885120.00    | 0.40%             | 2033-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Republica del Peru                                                             | REPUBLIC OF PERU 2.783000% 01/23/2031                                   | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    900000 | PA      | $792630.00    | 0.36%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| PT Freeport Indonesia                                                          | FREEPORT INDONESIA PT 6.200000% 04/14/2052                              | CUSIP: Y7141BAC7<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $191348.68    | 0.09%             | 2052-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Republic of the Philippines                                                    | REPUBLIC OF PHILIPPINES 5.500000% 01/17/2048                            | CUSIP: 718286CX3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   1000000 | PA      | $955586.20    | 0.44%             | 2048-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                    | REPUBLIC OF NIGERIA 7.696000% 02/23/2038                                | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |   1500000 | PA      | $1229624.54   | 0.56%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK OF INDIA                                                    | EXPORT-IMPORT BK INDIA 3.875000% 02/01/2028                             | CUSIP: 30216KAC6<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |   1200000 | PA      | $1171848.00   | 0.54%             | 2028-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Emirate of Abu Dhabi                                                           | ABU DHABI GOVT INT'L 5.500000% 04/30/2054                               | CUSIP: N/A<br>LEI: 213800FER4348CINTA77       | Long             | DBT              | NUSS              | AE        |   2600000 | PA      | $2535895.18   | 1.16%             | 2054-04-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.350000% 03/15/2033                              | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    406380 | PA      | $315452.48    | 0.14%             | 2033-03-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Empresa Nacional del Petroleo                                                  | EMPRESA NACIONAL DEL PETROLEO 5.250000% 11/06/2029                      | CUSIP: P37110AN6<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | NUSS              | CL        |   2400000 | PA      | $2408565.60   | 1.10%             | 2029-11-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LIMITED                                                      | DP WORLD CRESCENT LTD MTN 4.848000% 09/26/2028                          | CUSIP: N/A<br>LEI: 21380096JRTWB8TL9236       | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $199698.00    | 0.09%             | 2028-09-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Republica de Chile                                                             | REPUBLIC OF CHILE 2.550000% 01/27/2032                                  | CUSIP: 168863DN5<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    800000 | PA      | $692000.00    | 0.32%             | 2032-01-27      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya                                                              | REPUBLIC OF KENYA 8.250000% 02/28/2048                                  | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |    200000 | PA      | $157562.00    | 0.07%             | 2048-02-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Pemerintah Republik Indonesia                                                  | REPUBLIC OF INDONESIA 5.650000% 01/11/2053                              | CUSIP: 455780DS2<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    800000 | PA      | $776756.58    | 0.35%             | 2053-01-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 4.250000% 04/14/2026                                | CUSIP: 900123CJ7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1000000 | PA      | $988910.00    | 0.45%             | 2026-04-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA, INC.                                                       | BIMBO BAKERIES USA INC 6.050000% 01/15/2029                             | CUSIP: U0901RAB3<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | NUSS              | MX        |   1000000 | PA      | $1037621.00   | 0.47%             | 2029-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Republica de Costa Rica                                                        | COSTA RICA GOVERNMENT 6.125000% 02/19/2031                              | CUSIP: P3699PGK7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |   1800000 | PA      | $1841526.00   | 0.84%             | 2031-02-19      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOV INTERNTL BOND 5.375000% 03/08/2027                             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |   1200000 | PA      | $1208612.30   | 0.55%             | 2027-03-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Rzeczpospolita Polska                                                          | REPUBLIC OF POLAND 5.500000% 04/04/2053                                 | CUSIP: 731011AW2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   2850000 | PA      | $2593465.80   | 1.18%             | 2053-04-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOV INTERNTL BOND 6.250000% 01/25/2031                             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |   2000000 | PA      | $2091096.00   | 0.95%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 3.600000% 06/15/2035                              | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    400000 | PA      | $270475.00    | 0.12%             | 2035-06-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Joint Stock Company National Company KazMunayGas                               | KAZMUNAYGAS NATIONAL CO JSC 6.375000% 10/24/2048                        | CUSIP: Y44709AG1<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | NUSS              | KZ        |   1000000 | PA      | $888586.00    | 0.41%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 4.850000% 09/27/2027                           | CUSIP: 836205AW4<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1000000 | PA      | $990064.48    | 0.45%             | 2027-09-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SK hynix Inc.                                                                  | SK HYNIX INC 2.375000% 01/19/2031                                       | CUSIP: Y8085FBD1<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | NUSS              | KR        |    600000 | PA      | $522797.15    | 0.24%             | 2031-01-19      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| DP World Limited                                                               | DP WORLD LTD/UNITED ARAB EMIRATES MTN 4.700000% 09/30/2049              | CUSIP: N/A<br>LEI: 549300M3U2DNF4QVSS04       | Long             | DBT              | NUSS              | AE        |    400000 | PA      | $322636.00    | 0.15%             | 2049-09-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                                         | OCP SA 6.700000% 03/01/2036                                             | CUSIP: N/A<br>LEI: 213800D26TAPVTCVWG40       | Long             | DBT              | NUSS              | MA        |   1600000 | PA      | $1574058.24   | 0.72%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| America Movil, S.A.B. de C.V.                                                  | AMERICA MOVIL SAB DE CV 4.700000% 07/21/2032                            | CUSIP: 02364WBK0<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $975461.50    | 0.45%             | 2032-07-21      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOVERNMENT INTERNATIONAL BOND MTN 6.000000% 08/01/2029             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |   1000000 | PA      | $1030820.00   | 0.47%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republica de Angola                                                            | REPUBLIC OF ANGOLA 8.750000% 04/14/2032                                 | CUSIP: BV8060618<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |   1600000 | PA      | $1311674.80   | 0.60%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                         | ARAB REPUBLIC OF EGYPT 7.625000% 05/29/2032                             | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   1000000 | PA      | $900805.34    | 0.41%             | 2032-05-29      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 4.875000% 09/23/2032                                 | CUSIP: P3579ECH8<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1600000 | PA      | $1457440.00   | 0.67%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Kingdom of Bahrain                                                             | BAHRAIN GOVERNMENT INTERNATIONAL BOND MTN 5.250000% 01/25/2033          | CUSIP: N/A<br>LEI: 54930065PJIB53WWMP12       | Long             | DBT              | NUSS              | BH        |    300000 | PA      | $272816.49    | 0.12%             | 2033-01-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Emirate of Abu Dhabi                                                           | ABU DHABI GOVERNMENT INTERNATIONAL BOND MTN 4.875000% 04/30/2029        | CUSIP: N/A<br>LEI: 213800FER4348CINTA77       | Long             | DBT              | NUSS              | AE        |   1000000 | PA      | $1019744.14   | 0.47%             | 2029-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JANUB GAZ DAHLIZI GAPALI SAHMDAR JAMIYYATI                                     | SOUTHERN GAS CORRIDOR CJSC 6.875000% 03/24/2026                         | CUSIP: N/A<br>LEI: 213800DG58KG59XY6318       | Long             | DBT              | NUSS              | AZ        |   2000000 | PA      | $2020000.00   | 0.92%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PETRONAS Capital Limited                                                       | PETRONAS CAPITAL LTD 5.848000% 04/03/2055                               | CUSIP: Y68856BF2<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | NUSS              | MY        |   1000000 | PA      | $990570.51    | 0.45%             | 2055-04-03      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 6.125000% 10/24/2028                                | CUSIP: 900123CQ1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   2400000 | PA      | $2375136.00   | 1.08%             | 2028-10-24      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NBK SPC LIMITED                                                                | NBK SPC LTD 5.500000% 06/06/2030                                        | CUSIP: M7301YAD4<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | NUSS              | KW        |   1000000 | PA      | $1022570.00   | 0.47%             | 2030-06-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Royaume du Maroc                                                               | KINGDOM OF MOROCCO 2.375000% 12/15/2027                                 | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |   1800000 | PA      | $1682827.20   | 0.77%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LIMITED                                                     | ESKOM HOLDINGS SOC LTD MTN 6.350000% 08/10/2028                         | CUSIP: S25221AV4<br>LEI: 3789001900ED06F65111 | Long             | DBT              | NUSS              | ZA        |   3100000 | PA      | $3101736.00   | 1.42%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| COMPANIA CERVECERIAS UNIDAS S.A.                                               | CIA CERVECERIAS UNIDAS SA 3.350000% 01/19/2032                          | CUSIP: P3067GAG6<br>LEI: 529900BJW9B0O6LI2R39 | Long             | DBT              | NUSS              | CL        |   1200000 | PA      | $1052841.72   | 0.48%             | 2032-01-19      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| PETRONAS Capital Limited                                                       | PETRONAS CAPITAL LTD MTN 3.500000% 04/21/2030                           | CUSIP: Y68856AT3<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | NUSS              | MY        |   1100000 | PA      | $1043377.24   | 0.48%             | 2030-04-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                       | REPUBLIC OF SOUTH AFRICA 7.300000% 04/20/2052                           | CUSIP: 836205BE3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1000000 | PA      | $865000.00    | 0.39%             | 2052-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Republica de Chile                                                             | REPUBLIC OF CHILE 3.240000% 02/06/2028                                  | CUSIP: 168863CF3<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    600000 | PA      | $580320.00    | 0.26%             | 2028-02-06      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 3.750000% 09/12/2031                             | CUSIP: 105756CE8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $178265.26    | 0.08%             | 2031-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                     | REPUBLIC OF SRI LANKA 4.000000% 04/15/2028                              | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    205451 | PA      | $191326.43    | 0.09%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 4.000000% 02/14/2051                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   1000000 | PA      | $601773.37    | 0.27%             | 2051-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MVM Energetika Zartkoruen Mukodo Reszvenytarsasag                              | MVM ENERGETIKA ZRT 6.500000% 03/13/2031                                 | CUSIP: N/A<br>LEI: 529900ELI5AQ9F74PF85       | Long             | DBT              | NUSS              | HU        |   1050000 | PA      | $1071852.60   | 0.49%             | 2031-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ADNOC MURBAN RSC LTD                                                           | ADNOC MURBAN RSC LTD 5.125000% 09/11/2054                               | CUSIP: N/A<br>LEI: 213800OWGH7RAYG61M70       | Long             | DBT              | NUSS              | AE        |    800000 | PA      | $709800.00    | 0.32%             | 2054-09-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 5.500000% 02/22/2029                                 | CUSIP: P3579ECP0<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    800000 | PA      | $789360.00    | 0.36%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 3.000000% 02/14/2031                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |    850000 | PA      | $709120.15    | 0.32%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Global X 1-3 Month T-Bill ETF                                                  | GLOBAL X 1-3 MONTH T-BILL MUTUAL FUND                                   | CUSIP: 37960A438<br>LEI: N/A                  | Long             | EC               | RF                | US        |     20000 | NS      | $2008400.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 5.950000% 01/25/2027                                 | CUSIP: P3579EBV8<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    300000 | PA      | $301650.00    | 0.14%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 10.000000% 02/07/2033                               | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1000000 | PA      | $1031579.22   | 0.47%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 6.500000% 01/03/2035                                | CUSIP: 900123DN7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1200000 | PA      | $1099721.32   | 0.50%             | 2035-01-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                        | CORP NACIONAL DEL COBRE DE CHILE 3.000000% 09/30/2029                   | CUSIP: P3143NBE3<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |   2300000 | PA      | $2102185.67   | 0.96%             | 2029-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Prosus N.V.                                                                    | PROSUS NV 4.987000% 01/19/2052                                          | CUSIP: N7163RAY9<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | NUSS              | CN        |    500000 | PA      | $369056.33    | 0.17%             | 2052-01-19      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Republica Argentina                                                            | REPUBLIC OF ARGENTINA 5.000000% 01/09/2038                              | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   2600000 | PA      | $1848600.00   | 0.84%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                       | US TREASURY N/B 4.250000% 11/15/2034                                    | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   1000000 | PA      | $990156.25    | 0.45%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republica Del Paraguay                                                         | REPUBLIC OF PARAGUAY 5.000000% 04/15/2026                               | CUSIP: P75744AD7<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    314000 | PA      | $313215.00    | 0.14%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republica Argentina                                                            | REPUBLIC OF ARGENTINA 4.125000% 07/09/2035                              | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   4100000 | PA      | $2753150.00   | 1.26%             | 2035-07-09      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Gobierno de la Republica Dominicana                                            | DOMINICAN REPUBLIC 7.050000% 02/03/2031                                 | CUSIP: P3579ECR6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1700000 | PA      | $1762475.00   | 0.80%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Transportadora de Gas del Peru S.A.                                            | TRANSPORTADORA DE GAS DEL PERU SA 4.250000% 04/30/2028                  | CUSIP: P9367RAG6<br>LEI: 529900SKHHNI5HVI0Y66 | Long             | DBT              | NUSS              | PE        |    120000 | PA      | $118745.51    | 0.05%             | 2028-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                              | REPUBLIC OF GHANA ZERO COUPON 01/03/2030                                | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |    166679 | PA      | $135426.82    | 0.06%             | 2030-01-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kingdom of Saudi Arabia                                                        | SAUDI GOVERNMENT INTERNATIONAL BOND MTN 5.750000% 01/16/2054            | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |   2600000 | PA      | $2422875.00   | 1.11%             | 2054-01-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Empresa Nacional del Petroleo                                                  | EMPRESA NACIONAL DEL PETROLEO 6.150000% 05/10/2033                      | CUSIP: P37110AS5<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | NUSS              | CL        |   2200000 | PA      | $2227181.00   | 1.02%             | 2033-05-10      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                    | BANK OF AMERICA CORP MTN 4.948000% 07/22/2028                           | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006287.14   | 0.46%             | 2028-07-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                            | UKRAINE GOVERNMENT 1.750000% 02/01/2036                                 | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    600000 | PA      | $282000.00    | 0.13%             | 2036-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Magyarorszag                                                                   | HUNGARY 6.125000% 05/22/2028                                            | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   1200000 | PA      | $1235952.00   | 0.56%             | 2028-05-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| National Central Cooling Company PJSC                                          | NATIONAL CENTRAL COOLING CO PJSC 2.500000% 10/21/2027                   | CUSIP: N/A<br>LEI: 254900E7M1Y3DXGQ1283       | Long             | DBT              | NUSS              | AE        |    800000 | PA      | $757120.00    | 0.35%             | 2027-10-21      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank Gospodarstwa Krajowego                                                    | BANK GOSPODARSTWA KRAJOWEGO MTN 5.375000% 05/22/2033                    | CUSIP: N/A<br>LEI: 259400BCOV9JJIGLYF05       | Long             | DBT              | NUSS              | PL        |   1100000 | PA      | $1094388.90   | 0.50%             | 2033-05-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 7.125000% 05/13/2054                             | CUSIP: 105756CJ7<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   2300000 | PA      | $2126874.54   | 0.97%             | 2054-05-13      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya                                                              | REPUBLIC OF KENYA 9.750000% 02/16/2031                                  | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |    500000 | PA      | $498500.00    | 0.23%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                            | PETROLEOS MEXICANOS 5.950000% 01/28/2031                                | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1000000 | PA      | $866765.40    | 0.40%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance S.A.                                                      | RAIZEN FUELS FINANCE SA 6.450000% 03/05/2034                            | CUSIP: L7909CAC1<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | NUSS              | BR        |    400000 | PA      | $396083.21    | 0.18%             | 2034-03-05      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Romania                                                                        | ROMANIA 5.750000% 03/24/2035                                            | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |    600000 | PA      | $538044.00    | 0.25%             | 2035-03-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Republica Oriental del Uruguay                                                 | REPUBLICA ORIENT URUGUAY 4.375000% 01/23/2031                           | CUSIP: 917288BK7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    600000 | PA      | $592020.00    | 0.27%             | 2031-01-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                        | CORP NACIONAL DEL COBRE DE CHILE 5.950000% 01/08/2034                   | CUSIP: P3143NBQ6<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |   1700000 | PA      | $1701717.94   | 0.78%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                              | REPUBLIC OF GHANA 5.000000% 07/03/2029                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |   1000000 | PA      | $910000.00    | 0.42%             | 2029-07-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republica del Ecuador                                                          | REPUBLIC OF ECUADOR 5.000000% 07/31/2040                                | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |   1400000 | PA      | $747852.00    | 0.34%             | 2040-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republica Federativa do Brasil                                                 | FED REPUBLIC OF BRAZIL 4.500000% 05/30/2029                             | CUSIP: 105756CA6<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1400000 | PA      | $1361220.00   | 0.62%             | 2029-05-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL CAMISEA S.A.                                                        | PLUSPETROL CAMISEA SA / PLUSPETROL LOTE 56 SA 6.240000% 07/03/2036      | CUSIP: P8000LAA7<br>LEI: 254900VNCHIPPJ2OFY98 | Long             | DBT              | NUSS              | PE        |    800000 | PA      | $813018.40    | 0.37%             | 2036-07-03      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| TENGIZCHEVROIL FINANCE COMPANY INTERNATIONAL LTD.                              | TENGIZCHEVROIL FINANCE CO INTERNATIONAL LTD 4.000000% 08/15/2026        | CUSIP: G87602AA9<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | NUSS              | KZ        |    400000 | PA      | $392582.00    | 0.18%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Cumhuriyeti                                                            | REPUBLIC OF TURKIYE 4.750000% 01/26/2026                                | CUSIP: 900123DB3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1000000 | PA      | $998817.68    | 0.46%             | 2026-01-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sultanate of Oman                                                              | OMAN GOV INTERNTL BOND 4.750000% 06/15/2026                             | CUSIP: N/A<br>LEI: 549300SZ20F0QTKNQC75       | Long             | DBT              | NUSS              | OM        |    700000 | PA      | $697068.27    | 0.32%             | 2026-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-31

**Name of Applicant:** GLOBAL X FUNDS

**Signature:** Joe Costello

**Name of Signer:** Joe Costello

**Title:** CCO