# EDGAR Filing Document

**Accession Number:** 0000769220
**File Stem:** 0000940400-26-026123
**Filing Date:** 2026-6
**Character Count:** 107472
**Document Hash:** 399c199dbc9bb2a728a8b8ffe6d63acb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-026123.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000940400-26-026123

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE GROUP GOVERNMENT FUND
- **CENTRAL INDEX KEY:** 0000769220

**ORGANIZATION NAME:**
- **EIN:** 232448685
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04304
- **FILM NUMBER:** 261128300

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 18005231918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DELAWARE GROUP GOVERNMENT FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Nomura Emerging Markets Debt Corporate Fund (Series ID: S000041892)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000130079 | Class A             | DEDAX           |
| C000130080 | Class C             | DEDCX           |
| C000130082 | Institutional Class | DEDIX           |

## Nport-Ex

Schedule of investments

Nomura Emerging Markets Debt Corporate Fund April 30, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Convertible Bonds — 0.36%Δ** | &nbsp;&nbsp;**Convertible Bonds — 0.36%Δ** | &nbsp;&nbsp;**Convertible Bonds — 0.36%Δ** |
| &nbsp;&nbsp;China — 0.36% | &nbsp;&nbsp;China — 0.36% | &nbsp;&nbsp;China — 0.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunac China Holdings 0.000% exercise price $6.80, maturity date 6/23/26 ^ | &nbsp;&nbsp;&nbsp;&nbsp;956397 | &nbsp;&nbsp;$149198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunac China Holdings 0.000% exercise price $3.85, maturity date 6/23/28 ^ | &nbsp;&nbsp;&nbsp;&nbsp;706661 | &nbsp;&nbsp;&nbsp;&nbsp; 181965 |
| &nbsp;&nbsp;&nbsp;**Total Convertible Bonds (cost $298,670)** | &nbsp;&nbsp;&nbsp;**Total Convertible Bonds (cost $298,670)** | &nbsp;&nbsp;&nbsp; **331163** |
| &nbsp;&nbsp;**Corporate Bonds — 86.51%Δ** | &nbsp;&nbsp;**Corporate Bonds — 86.51%Δ** | &nbsp;&nbsp;**Corporate Bonds — 86.51%Δ** |
| &nbsp;&nbsp;Angola — 1.19% | &nbsp;&nbsp;Angola — 1.19% | &nbsp;&nbsp;Angola — 1.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Azule Energy Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 8.125% 1/23/30 # | &nbsp;&nbsp;&nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;&nbsp; 541980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 8.625% 1/22/33 # | &nbsp;&nbsp;&nbsp;&nbsp;530000 | &nbsp;&nbsp;&nbsp;&nbsp; 550505 |
|  |  | &nbsp;&nbsp;&nbsp; 1092485 |
| &nbsp;&nbsp;Argentina — 5.38% | &nbsp;&nbsp;Argentina — 5.38% | &nbsp;&nbsp;Argentina — 5.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aeropuertos Argentina 2000 144A 8.50% 8/1/31 # | &nbsp;&nbsp;&nbsp;&nbsp;684009 | &nbsp;&nbsp;&nbsp;&nbsp; 717447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IRSA Inversiones y Representaciones 144A 8.00%<br> 3/31/35 # | &nbsp;&nbsp;&nbsp;&nbsp;645000 | &nbsp;&nbsp;&nbsp;&nbsp; 671252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pluspetrol 144A 8.50% 5/30/32 # | &nbsp;&nbsp;&nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp; 625787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tecpetrol 144A 7.625% 11/3/30 # | &nbsp;&nbsp;&nbsp;&nbsp;785000 | &nbsp;&nbsp;&nbsp;&nbsp; 805606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telecom Argentina 144A 9.25% 5/28/33 # | &nbsp;&nbsp;&nbsp;&nbsp;675000 | &nbsp;&nbsp;&nbsp;&nbsp; 717754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transportadora de Gas del Sur 144A 7.75% 11/20/35 # | &nbsp;&nbsp;&nbsp;&nbsp;660000 | &nbsp;&nbsp;&nbsp;&nbsp; 681337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YPF 144A 9.50% 1/17/31 # | &nbsp;&nbsp;&nbsp;&nbsp;675000 | &nbsp;&nbsp;&nbsp;&nbsp; 721241 |
|  |  | &nbsp;&nbsp;&nbsp; 4940424 |
| &nbsp;&nbsp;Armenia — 0.67% | &nbsp;&nbsp;Armenia — 0.67% | &nbsp;&nbsp;Armenia — 0.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ardshinbank CJSC Via Dilijan Finance 144A 6.60%<br> 1/22/31 # | &nbsp;&nbsp;&nbsp;&nbsp;615000 | &nbsp;&nbsp;&nbsp;&nbsp; 619248 |
|  |  | &nbsp;&nbsp;&nbsp; 619248 |
| &nbsp;&nbsp;Brazil — 7.21% | &nbsp;&nbsp;Brazil — 7.21% | &nbsp;&nbsp;Brazil — 7.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Azul Secured Finance 144A 9.875% 2/15/31 # | &nbsp;&nbsp;&nbsp;&nbsp;665000 | &nbsp;&nbsp;&nbsp;&nbsp; 592681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Embraer Netherlands Finance 5.40% 1/9/38 | &nbsp;&nbsp;&nbsp;&nbsp;765000 | &nbsp;&nbsp;&nbsp;&nbsp; 744345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LD Celulose International 144A 7.95% 1/26/32 # | &nbsp;&nbsp;&nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;&nbsp; 547713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV24 Capital 144A 6.748% 6/1/34 # | &nbsp;&nbsp;&nbsp;&nbsp;635037 | &nbsp;&nbsp;&nbsp;&nbsp; 639492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nova Securitisation 144A 6.50% 2/3/36 # | &nbsp;&nbsp;&nbsp;&nbsp;980000 | &nbsp;&nbsp;&nbsp;&nbsp; 949373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petrobras Global Finance 6.25% 1/10/36 | &nbsp;&nbsp;&nbsp;&nbsp;770000 | &nbsp;&nbsp;&nbsp;&nbsp; 770077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRIO Luxembourg Holding 144A 6.75% 10/15/30 # | &nbsp;&nbsp;&nbsp;&nbsp;655000 | &nbsp;&nbsp;&nbsp;&nbsp; 654692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raizen Fuels Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 6.25% 7/8/32 # | &nbsp;&nbsp;&nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;&nbsp; 288750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 6.95% 3/5/54 # | &nbsp;&nbsp;&nbsp;&nbsp;760000 | &nbsp;&nbsp;&nbsp;&nbsp; 405583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sitios Latinoamerica 144A 6.00% 11/25/29 # | &nbsp;&nbsp;&nbsp;&nbsp;265000 | &nbsp;&nbsp;&nbsp;&nbsp; 271371 |

---

NQ- 227 [0426] 0626 (5551000) 1

------

Schedule of investments

Nomura Emerging Markets Debt Corporate Fund

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** |
| &nbsp;&nbsp;Brazil (continued) | &nbsp;&nbsp;Brazil (continued) | &nbsp;&nbsp;Brazil (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vale Overseas 144A 6.00% 2/25/56 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;750000 | &nbsp;&nbsp;$753675 |
|  |  | &nbsp;&nbsp;&nbsp; 6617752 |
| &nbsp;&nbsp;Chile — 3.67% | &nbsp;&nbsp;Chile — 3.67% | &nbsp;&nbsp;Chile — 3.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco de Credito e Inversiones 144A 8.75% 5/8/29 #, μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;650000 | &nbsp;&nbsp;&nbsp;&nbsp; 698477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cencosud 144A 5.75% 4/15/36 # | &nbsp;&nbsp;&nbsp;&nbsp;795000 | &nbsp;&nbsp;&nbsp;&nbsp; 795994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chile Electricity Lux MPC 144A 6.01% 1/20/33 # | &nbsp;&nbsp;&nbsp;&nbsp;657900 | &nbsp;&nbsp;&nbsp;&nbsp; 684433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chile Electricity Lux MPC II 144A 5.58% 10/20/35 # | &nbsp;&nbsp;&nbsp;&nbsp;459427 | &nbsp;&nbsp;&nbsp;&nbsp; 469994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Latam Airlines Group 144A 7.875% 4/15/30 # | &nbsp;&nbsp;&nbsp;&nbsp;710000 | &nbsp;&nbsp;&nbsp;&nbsp; 725087 |
|  |  | &nbsp;&nbsp;&nbsp; 3373985 |
| &nbsp;&nbsp;China — 0.78% | &nbsp;&nbsp;China — 0.78% | &nbsp;&nbsp;China — 0.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.70% 2/9/41 | &nbsp;&nbsp;&nbsp;&nbsp;445000 | &nbsp;&nbsp;&nbsp;&nbsp; 329055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25% 5/26/35 | &nbsp;&nbsp;&nbsp;&nbsp;375000 | &nbsp;&nbsp;&nbsp;&nbsp; 387768 |
|  |  | &nbsp;&nbsp;&nbsp; 716823 |
| &nbsp;&nbsp;Colombia — 3.11% | &nbsp;&nbsp;Colombia — 3.11% | &nbsp;&nbsp;Colombia — 3.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Davivienda 144A 8.125% 7/2/35 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;695000 | &nbsp;&nbsp;&nbsp;&nbsp; 716858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bancolombia 8.625% 12/24/34 μ | &nbsp;&nbsp;&nbsp;&nbsp;760000 | &nbsp;&nbsp;&nbsp;&nbsp; 812432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecopetrol 5.875% 11/2/51 | &nbsp;&nbsp;&nbsp;&nbsp;740000 | &nbsp;&nbsp;&nbsp;&nbsp; 548308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SierraCol Energy Andina 144A 9.00% 11/14/30 # | &nbsp;&nbsp;&nbsp;&nbsp;765000 | &nbsp;&nbsp;&nbsp;&nbsp; 776142 |
|  |  | &nbsp;&nbsp;&nbsp; 2853740 |
| &nbsp;&nbsp;Georgia — 1.04% | &nbsp;&nbsp;Georgia — 1.04% | &nbsp;&nbsp;Georgia — 1.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Georgia Global Utilities JSC 144A 8.875% 7/25/29 # | &nbsp;&nbsp;&nbsp;&nbsp;395000 | &nbsp;&nbsp;&nbsp;&nbsp; 411437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TBC Bank JSC 144A 10.25% 7/30/29 #, μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;510000 | &nbsp;&nbsp;&nbsp;&nbsp; 546863 |
|  |  | &nbsp;&nbsp;&nbsp; 958300 |
| &nbsp;&nbsp;Guatemala — 3.06% | &nbsp;&nbsp;Guatemala — 3.06% | &nbsp;&nbsp;Guatemala — 3.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energuate Trust 2.0 144A 6.35% 9/15/35 # | &nbsp;&nbsp;&nbsp;&nbsp;800000 | &nbsp;&nbsp;&nbsp;&nbsp; 802920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrial Subordinated Trust 2.0 144A 6.55% 4/15/36 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;660000 | &nbsp;&nbsp;&nbsp;&nbsp; 671055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Millicom International Cellular 144A 7.375% 4/2/32 # | &nbsp;&nbsp;&nbsp;&nbsp;619000 | &nbsp;&nbsp;&nbsp;&nbsp; 640977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mobiliare Latam 144A 6.75% 11/10/32 # | &nbsp;&nbsp;&nbsp;&nbsp;695000 | &nbsp;&nbsp;&nbsp;&nbsp; 697749 |
|  |  | &nbsp;&nbsp;&nbsp; 2812701 |
| &nbsp;&nbsp;Hong Kong — 3.01% | &nbsp;&nbsp;Hong Kong — 3.01% | &nbsp;&nbsp;Hong Kong — 3.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIA Group 144A 5.375% 4/5/34 # | &nbsp;&nbsp;&nbsp;&nbsp;310000 | &nbsp;&nbsp;&nbsp;&nbsp; 317194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celestial Dynasty 6.375% 8/22/28 ■ | &nbsp;&nbsp;&nbsp;&nbsp;535000 | &nbsp;&nbsp;&nbsp;&nbsp; 532797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FWD Group Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 5.252% 9/22/30 # | &nbsp;&nbsp;&nbsp;&nbsp;485000 | &nbsp;&nbsp;&nbsp;&nbsp; 485388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 5.836% 9/22/35 # | &nbsp;&nbsp;&nbsp;&nbsp;575000 | &nbsp;&nbsp;&nbsp;&nbsp; 578447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Standard Chartered |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 6.301% 1/9/29 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;240000 | &nbsp;&nbsp;&nbsp;&nbsp; 246470 |

---

2 NQ- 227 [0426] 0626 (5551000)

------

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** |
| &nbsp;&nbsp;Hong Kong (continued) | &nbsp;&nbsp;Hong Kong (continued) | &nbsp;&nbsp;Hong Kong (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Standard Chartered |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 7.625% 1/16/32 #, μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;575000 | &nbsp;&nbsp;$608118 |
|  |  | &nbsp;&nbsp;&nbsp; 2768414 |
| &nbsp;&nbsp;India — 3.80% | &nbsp;&nbsp;India — 3.80% | &nbsp;&nbsp;India — 3.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adani Electricity Mumbai 144A 3.949% 2/12/30 # | &nbsp;&nbsp;&nbsp;&nbsp;330000 | &nbsp;&nbsp;&nbsp;&nbsp; 311943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adani Ports & Special Economic Zone 144A 3.10% 2/2/31 # | &nbsp;&nbsp;&nbsp;&nbsp;575000 | &nbsp;&nbsp;&nbsp;&nbsp; 521495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adani Renewable Energy RJ 144A 4.625% 10/15/39 # | &nbsp;&nbsp;&nbsp;&nbsp;827688 | &nbsp;&nbsp;&nbsp;&nbsp; 692674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future Retail 144A 5.60% 1/22/25 #, ‡ | &nbsp;&nbsp;&nbsp;&nbsp;425000 | &nbsp;&nbsp;&nbsp;&nbsp; 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JSW Hydro Energy 144A 4.125% 5/18/31 # | &nbsp;&nbsp;&nbsp;&nbsp;559475 | &nbsp;&nbsp;&nbsp;&nbsp; 526663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Muthoot Finance 144A 6.375% 3/2/30 # | &nbsp;&nbsp;&nbsp;&nbsp;805000 | &nbsp;&nbsp;&nbsp;&nbsp; 812762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vedanta Resources Finance II 144A 9.125% 10/15/32 # | &nbsp;&nbsp;&nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp; 624575 |
|  |  | &nbsp;&nbsp;&nbsp; 3491179 |
| &nbsp;&nbsp;Indonesia — 2.54% | &nbsp;&nbsp;Indonesia — 2.54% | &nbsp;&nbsp;Indonesia — 2.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cikarang Listrindo 144A 5.65% 3/12/35 # | &nbsp;&nbsp;&nbsp;&nbsp;765000 | &nbsp;&nbsp;&nbsp;&nbsp; 770110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport Indonesia 144A 5.315% 4/14/32 # | &nbsp;&nbsp;&nbsp;&nbsp;530000 | &nbsp;&nbsp;&nbsp;&nbsp; 531428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indofood CBP Sukses Makmur 3.398% 6/9/31 ■ | &nbsp;&nbsp;&nbsp;&nbsp;670000 | &nbsp;&nbsp;&nbsp;&nbsp; 622271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Star Energy Geothermal Wayang Windu 144A 6.75%<br> 4/24/33 # | &nbsp;&nbsp;&nbsp;&nbsp;396445 | &nbsp;&nbsp;&nbsp;&nbsp; 404748 |
|  |  | &nbsp;&nbsp;&nbsp; 2328557 |
| &nbsp;&nbsp;Israel — 1.96% | &nbsp;&nbsp;Israel — 1.96% | &nbsp;&nbsp;Israel — 1.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Hapoalim BM 144A 5.252% 1/14/33 #, ■ | &nbsp;&nbsp;&nbsp;&nbsp;720000 | &nbsp;&nbsp;&nbsp;&nbsp; 716200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Leumi Le-Israel 144A 7.129% 7/18/33 #, μ, ■ | &nbsp;&nbsp;&nbsp;&nbsp;650000 | &nbsp;&nbsp;&nbsp;&nbsp; 670594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Israel Electric 144A 5.633% 1/28/38 #, ■ | &nbsp;&nbsp;&nbsp;&nbsp;410000 | &nbsp;&nbsp;&nbsp;&nbsp; 408391 |
|  |  | &nbsp;&nbsp;&nbsp; 1795185 |
| &nbsp;&nbsp;Jamaica — 1.74% | &nbsp;&nbsp;Jamaica — 1.74% | &nbsp;&nbsp;Jamaica — 1.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digicel International Finance 144A 8.625% 8/1/32 # | &nbsp;&nbsp;&nbsp;&nbsp;675000 | &nbsp;&nbsp;&nbsp;&nbsp; 702706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingston Airport Revenue Finance 144A 6.75% 12/15/36 # | &nbsp;&nbsp;&nbsp;&nbsp;875000 | &nbsp;&nbsp;&nbsp;&nbsp; 891188 |
|  |  | &nbsp;&nbsp;&nbsp; 1593894 |
| &nbsp;&nbsp;Kazakhstan — 0.78% | &nbsp;&nbsp;Kazakhstan — 0.78% | &nbsp;&nbsp;Kazakhstan — 0.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kaspi.KZ JSC 144A 6.25% 3/26/30 # | &nbsp;&nbsp;&nbsp;&nbsp;705000 | &nbsp;&nbsp;&nbsp;&nbsp; 715815 |
|  |  | &nbsp;&nbsp;&nbsp; 715815 |
| &nbsp;&nbsp;Kuwait — 0.43% | &nbsp;&nbsp;Kuwait — 0.43% | &nbsp;&nbsp;Kuwait — 0.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NBK SPC 144A 1.625% 9/15/27 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp; 395717 |
|  |  | &nbsp;&nbsp;&nbsp; 395717 |
| &nbsp;&nbsp;Macao — 2.17% | &nbsp;&nbsp;Macao — 2.17% | &nbsp;&nbsp;Macao — 2.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Melco Resorts Finance 144A 7.625% 4/17/32 # | &nbsp;&nbsp;&nbsp;&nbsp;565000 | &nbsp;&nbsp;&nbsp;&nbsp; 583206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sands China |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.25% 8/8/31 | &nbsp;&nbsp;&nbsp;&nbsp;365000 | &nbsp;&nbsp;&nbsp;&nbsp; 335049 |

---

NQ- 227 [0426] 0626 (5551000) 3

------

Schedule of investments

Nomura Emerging Markets Debt Corporate Fund

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** |
| &nbsp;&nbsp;Macao (continued) | &nbsp;&nbsp;Macao (continued) | &nbsp;&nbsp;Macao (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sands China |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375% 6/18/30 | &nbsp;&nbsp;&nbsp;&nbsp;290000 | &nbsp;&nbsp;$283757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wynn Macau 144A 6.75% 2/15/34 # | &nbsp;&nbsp;&nbsp;&nbsp;785000 | &nbsp;&nbsp;&nbsp;&nbsp; 787409 |
|  |  | &nbsp;&nbsp;&nbsp; 1989421 |
| &nbsp;&nbsp;Madagascar — 0.63% | &nbsp;&nbsp;Madagascar — 0.63% | &nbsp;&nbsp;Madagascar — 0.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axian Telecom Holding & Management 144A 7.25%<br> 7/11/30 # | &nbsp;&nbsp;&nbsp;&nbsp;575000 | &nbsp;&nbsp;&nbsp;&nbsp; 580701 |
|  |  | &nbsp;&nbsp;&nbsp; 580701 |
| &nbsp;&nbsp;Malaysia — 0.55% | &nbsp;&nbsp;Malaysia — 0.55% | &nbsp;&nbsp;Malaysia — 0.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MISC Capital Two Labuan 144A 3.75% 4/6/27 # | &nbsp;&nbsp;&nbsp;&nbsp;510000 | &nbsp;&nbsp;&nbsp;&nbsp; 506295 |
|  |  | &nbsp;&nbsp;&nbsp; 506295 |
| &nbsp;&nbsp;Mexico — 5.98% | &nbsp;&nbsp;Mexico — 5.98% | &nbsp;&nbsp;Mexico — 5.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Mercantil del Norte 144A 7.50% 6/27/29 #, μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;675000 | &nbsp;&nbsp;&nbsp;&nbsp; 691212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Nacional De Mexico 144A 6.697% 8/7/36 #, μ | 1150000 | &nbsp;&nbsp;&nbsp;&nbsp; 1150000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBVA Mexico SA Institucion De Banca Multiple Grupo<br> Financiero BBVA Mexico 144A 8.125% 1/8/39 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp; 352074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bimbo Bakeries USA 144A 6.40% 1/15/34 # | &nbsp;&nbsp;&nbsp;&nbsp;395000 | &nbsp;&nbsp;&nbsp;&nbsp; 422264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;El Puerto de Liverpool 144A 6.658% 1/22/37 # | &nbsp;&nbsp;&nbsp;&nbsp;705000 | &nbsp;&nbsp;&nbsp;&nbsp; 737360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FIBRA Prologis 144A 5.50% 11/26/35 # | &nbsp;&nbsp;&nbsp;&nbsp;725000 | &nbsp;&nbsp;&nbsp;&nbsp; 715883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FIEMEX Energia - Banco Actinver Institucion de Banca<br> Multiple 144A 7.25% 1/31/41 # | &nbsp;&nbsp;&nbsp;&nbsp;693355 | &nbsp;&nbsp;&nbsp;&nbsp; 718524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trust 2401 144A 7.70% 1/23/32 # | &nbsp;&nbsp;&nbsp;&nbsp;647000 | &nbsp;&nbsp;&nbsp;&nbsp; 704460 |
|  |  | &nbsp;&nbsp;&nbsp; 5491777 |
| &nbsp;&nbsp;Morocco — 1.33% | &nbsp;&nbsp;Morocco — 1.33% | &nbsp;&nbsp;Morocco — 1.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OCP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 5.125% 6/23/51 # | &nbsp;&nbsp;&nbsp;&nbsp;980000 | &nbsp;&nbsp;&nbsp;&nbsp; 786609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 7.368% 4/22/36 #, μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;440000 | &nbsp;&nbsp;&nbsp;&nbsp; 437695 |
|  |  | &nbsp;&nbsp;&nbsp; 1224304 |
| &nbsp;&nbsp;Nigeria — 2.24% | &nbsp;&nbsp;Nigeria — 2.24% | &nbsp;&nbsp;Nigeria — 2.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Access Bank 144A 6.125% 9/21/26 # | &nbsp;&nbsp;&nbsp;&nbsp;415000 | &nbsp;&nbsp;&nbsp;&nbsp; 413791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Africa Finance 144A 5.55% 10/8/29 # | &nbsp;&nbsp;&nbsp;&nbsp;745000 | &nbsp;&nbsp;&nbsp;&nbsp; 755904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IHS Holding 144A 8.25% 11/29/31 # | &nbsp;&nbsp;&nbsp;&nbsp;845000 | &nbsp;&nbsp;&nbsp;&nbsp; 884638 |
|  |  | &nbsp;&nbsp;&nbsp; 2054333 |
| &nbsp;&nbsp;Oman — 0.99% | &nbsp;&nbsp;Oman — 0.99% | &nbsp;&nbsp;Oman — 0.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Muscat SAOG 4.846% 10/1/30 ■ | &nbsp;&nbsp;&nbsp;&nbsp;920000 | &nbsp;&nbsp;&nbsp;&nbsp; 909156 |
|  |  | &nbsp;&nbsp;&nbsp; 909156 |
| &nbsp;&nbsp;Panama — 1.58% | &nbsp;&nbsp;Panama — 1.58% | &nbsp;&nbsp;Panama — 1.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Generadora de Gatun 144A 6.874% 9/30/44 # | &nbsp;&nbsp;&nbsp;&nbsp;760000 | &nbsp;&nbsp;&nbsp;&nbsp; 760000 |

---

4 NQ- 227 [0426] 0626 (5551000)

------

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** |
| &nbsp;&nbsp;Panama (continued) | &nbsp;&nbsp;Panama (continued) | &nbsp;&nbsp;Panama (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sable International Finance 144A 7.125% 10/15/32 # | &nbsp;&nbsp;&nbsp;&nbsp;695000 | &nbsp;&nbsp;$693910 |
|  |  | &nbsp;&nbsp;&nbsp; 1453910 |
| &nbsp;&nbsp;Paraguay — 0.74% | &nbsp;&nbsp;Paraguay — 0.74% | &nbsp;&nbsp;Paraguay — 0.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ueno Bank 144A 6.70% 3/6/31 # | &nbsp;&nbsp;&nbsp;&nbsp;690000 | &nbsp;&nbsp;&nbsp;&nbsp; 678277 |
|  |  | &nbsp;&nbsp;&nbsp; 678277 |
| &nbsp;&nbsp;Peru — 2.32% | &nbsp;&nbsp;Peru — 2.32% | &nbsp;&nbsp;Peru — 2.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InRetail Shopping Malls 144A 5.65% 10/16/32 # | &nbsp;&nbsp;&nbsp;&nbsp;665000 | &nbsp;&nbsp;&nbsp;&nbsp; 658982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marcobre SAC 144A 5.75% 1/22/36 # | &nbsp;&nbsp;&nbsp;&nbsp;770000 | &nbsp;&nbsp;&nbsp;&nbsp; 759797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scotiabank Peru 144A 6.10% 10/1/35 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;695000 | &nbsp;&nbsp;&nbsp;&nbsp; 714113 |
|  |  | &nbsp;&nbsp;&nbsp; 2132892 |
| &nbsp;&nbsp;Philippines — 0.89% | &nbsp;&nbsp;Philippines — 0.89% | &nbsp;&nbsp;Philippines — 0.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Container Terminal Services 4.75% 6/17/30 ■ | &nbsp;&nbsp;&nbsp;&nbsp;445000 | &nbsp;&nbsp;&nbsp;&nbsp; 449041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Metropolitan Bank & Trust 5.375% 3/6/29 ■ | &nbsp;&nbsp;&nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp; 369674 |
|  |  | &nbsp;&nbsp;&nbsp; 818715 |
| &nbsp;&nbsp;Poland — 0.84% | &nbsp;&nbsp;Poland — 0.84% | &nbsp;&nbsp;Poland — 0.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ORLEN 144A 6.00% 1/30/35 # | &nbsp;&nbsp;&nbsp;&nbsp;740000 | &nbsp;&nbsp;&nbsp;&nbsp; 771016 |
|  |  | &nbsp;&nbsp;&nbsp; 771016 |
| &nbsp;&nbsp;Qatar — 0.91% | &nbsp;&nbsp;Qatar — 0.91% | &nbsp;&nbsp;Qatar — 0.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CBQ Finance 4.625% 9/10/30 ■ | &nbsp;&nbsp;&nbsp;&nbsp;850000 | &nbsp;&nbsp;&nbsp;&nbsp; 838264 |
|  |  | &nbsp;&nbsp;&nbsp; 838264 |
| &nbsp;&nbsp;Saudi Arabia — 2.49% | &nbsp;&nbsp;Saudi Arabia — 2.49% | &nbsp;&nbsp;Saudi Arabia — 2.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Al Rajhi Sukuk 5.651% 3/16/36 μ, ■ | &nbsp;&nbsp;&nbsp;&nbsp;635000 | &nbsp;&nbsp;&nbsp;&nbsp; 628168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greensaif Pipelines Bidco 144A 6.51% 2/23/42 # | &nbsp;&nbsp;&nbsp;&nbsp;430000 | &nbsp;&nbsp;&nbsp;&nbsp; 458148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saudi Arabian Oil 144A 5.75% 7/17/54 # | &nbsp;&nbsp;&nbsp;&nbsp;560000 | &nbsp;&nbsp;&nbsp;&nbsp; 530299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SNB Funding 6.00% 6/24/35 μ, ■ | &nbsp;&nbsp;&nbsp;&nbsp;665000 | &nbsp;&nbsp;&nbsp;&nbsp; 668271 |
|  |  | &nbsp;&nbsp;&nbsp; 2284886 |
| &nbsp;&nbsp;Serbia — 0.74% | &nbsp;&nbsp;Serbia — 0.74% | &nbsp;&nbsp;Serbia — 0.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telecommunications Telekom Srbija AD Belgrade 144A<br> 7.00% 10/28/29 # | &nbsp;&nbsp;&nbsp;&nbsp;680000 | &nbsp;&nbsp;&nbsp;&nbsp; 683493 |
|  |  | &nbsp;&nbsp;&nbsp; 683493 |
| &nbsp;&nbsp;Singapore — 1.21% | &nbsp;&nbsp;Singapore — 1.21% | &nbsp;&nbsp;Singapore — 1.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oversea-Chinese Banking 144A 4.55% 9/8/35 #, μ | 1125000 | &nbsp;&nbsp;&nbsp;&nbsp; 1115178 |
|  |  | &nbsp;&nbsp;&nbsp; 1115178 |
| &nbsp;&nbsp;South Africa — 2.62% | &nbsp;&nbsp;South Africa — 2.62% | &nbsp;&nbsp;South Africa — 2.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anglo American Capital 144A 5.25% 3/19/36 # | &nbsp;&nbsp;&nbsp;&nbsp;770000 | &nbsp;&nbsp;&nbsp;&nbsp; 757941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bidvest Group UK 144A 6.20% 9/17/32 # | &nbsp;&nbsp;&nbsp;&nbsp;695000 | &nbsp;&nbsp;&nbsp;&nbsp; 698803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prosus 144A 3.061% 7/13/31 # | &nbsp;&nbsp;&nbsp;&nbsp;540000 | &nbsp;&nbsp;&nbsp;&nbsp; 493771 |

---

NQ- 227 [0426] 0626 (5551000) 5

------

Schedule of investments

Nomura Emerging Markets Debt Corporate Fund

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** |
| &nbsp;&nbsp;South Africa (continued) | &nbsp;&nbsp;South Africa (continued) | &nbsp;&nbsp;South Africa (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sasol Financing USA 144A 8.75% 4/10/33 # | &nbsp;&nbsp;&nbsp;&nbsp;435000 | &nbsp;&nbsp;$459719 |
|  |  | &nbsp;&nbsp;&nbsp; 2410234 |
| &nbsp;&nbsp;South Korea — 3.44% | &nbsp;&nbsp;South Korea — 3.44% | &nbsp;&nbsp;South Korea — 3.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hanwha Life Insurance 144A 6.30% 6/24/55 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;655000 | &nbsp;&nbsp;&nbsp;&nbsp; 675469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Capital Services 144A 5.25% 1/22/28 # | &nbsp;&nbsp;&nbsp;&nbsp;495000 | &nbsp;&nbsp;&nbsp;&nbsp; 500905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kookmin Bank 144A 2.50% 11/4/30 # | &nbsp;&nbsp;&nbsp;&nbsp;915000 | &nbsp;&nbsp;&nbsp;&nbsp; 831643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Korea Hydro & Nuclear Power 144A 5.00% 7/18/28 # | &nbsp;&nbsp;&nbsp;&nbsp;495000 | &nbsp;&nbsp;&nbsp;&nbsp; 502069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shinhan Bank 144A 5.75% 4/15/34 # | &nbsp;&nbsp;&nbsp;&nbsp;620000 | &nbsp;&nbsp;&nbsp;&nbsp; 644930 |
|  |  | &nbsp;&nbsp;&nbsp; 3155016 |
| &nbsp;&nbsp;Taiwan — 1.10% | &nbsp;&nbsp;Taiwan — 1.10% | &nbsp;&nbsp;Taiwan — 1.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TSMC Arizona 2.50% 10/25/31 | &nbsp;&nbsp;&nbsp;&nbsp;845000 | &nbsp;&nbsp;&nbsp;&nbsp; 768163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TSMC Global 144A 2.25% 4/23/31 # | &nbsp;&nbsp;&nbsp;&nbsp;270000 | &nbsp;&nbsp;&nbsp;&nbsp; 244257 |
|  |  | &nbsp;&nbsp;&nbsp; 1012420 |
| &nbsp;&nbsp;Tanzania — 1.58% | &nbsp;&nbsp;Tanzania — 1.58% | &nbsp;&nbsp;Tanzania — 1.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AngloGold Ashanti Holdings 6.50% 4/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp; 527950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HTA Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 6.75% 4/1/31 # | &nbsp;&nbsp;&nbsp;&nbsp;460000 | &nbsp;&nbsp;&nbsp;&nbsp; 468540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 7.50% 6/4/29 # | &nbsp;&nbsp;&nbsp;&nbsp;440000 | &nbsp;&nbsp;&nbsp;&nbsp; 453354 |
|  |  | &nbsp;&nbsp;&nbsp; 1449844 |
| &nbsp;&nbsp;Thailand — 2.08% | &nbsp;&nbsp;Thailand — 2.08% | &nbsp;&nbsp;Thailand — 2.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bangkok Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 3.466% 9/23/36 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;665000 | &nbsp;&nbsp;&nbsp;&nbsp; 602795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 4.507% 11/26/30 # | &nbsp;&nbsp;&nbsp;&nbsp;630000 | &nbsp;&nbsp;&nbsp;&nbsp; 626309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GC Treasury Center 144A 7.125% 3/10/35 #, μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;690000 | &nbsp;&nbsp;&nbsp;&nbsp; 684454 |
|  |  | &nbsp;&nbsp;&nbsp; 1913558 |
| &nbsp;&nbsp;Türkiye — 4.15% | &nbsp;&nbsp;Türkiye — 4.15% | &nbsp;&nbsp;Türkiye — 4.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Akbank TAS 144A 7.95% 2/19/31 #, μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;835000 | &nbsp;&nbsp;&nbsp;&nbsp; 814992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GDZ Elektrik Dagitim 144A 9.00% 10/15/29 # | &nbsp;&nbsp;&nbsp;&nbsp;480000 | &nbsp;&nbsp;&nbsp;&nbsp; 466651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QNB Bank 10.75% 11/15/33 μ, ■ | &nbsp;&nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp; 439929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Turkcell Iletisim Hizmetleri 144A 7.45% 1/24/30 # | &nbsp;&nbsp;&nbsp;&nbsp;460000 | &nbsp;&nbsp;&nbsp;&nbsp; 475543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Turkiye Garanti Bankasi 144A 8.375% 2/28/34 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;635000 | &nbsp;&nbsp;&nbsp;&nbsp; 653436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yapi ve Kredi Bankasi 144A 7.55% 6/11/36 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;965000 | &nbsp;&nbsp;&nbsp;&nbsp; 956135 |
|  |  | &nbsp;&nbsp;&nbsp; 3806686 |
| &nbsp;&nbsp;Ukraine — 0.83% | &nbsp;&nbsp;Ukraine — 0.83% | &nbsp;&nbsp;Ukraine — 0.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MHP Lux 144A 10.50% 7/28/29 # | &nbsp;&nbsp;&nbsp;&nbsp;745000 | &nbsp;&nbsp;&nbsp;&nbsp; 764902 |
|  |  | &nbsp;&nbsp;&nbsp; 764902 |
| &nbsp;&nbsp;United Arab Emirates — 2.76% | &nbsp;&nbsp;United Arab Emirates — 2.76% | &nbsp;&nbsp;United Arab Emirates — 2.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aldar Properties PJSC 144A 5.875% 4/14/56 #, μ | &nbsp;&nbsp;&nbsp;&nbsp;675000 | &nbsp;&nbsp;&nbsp;&nbsp; 640446 |

---

6 NQ- 227 [0426] 0626 (5551000)

------

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** | &nbsp;&nbsp;**Corporate BondsΔ (continued)** |
| &nbsp;&nbsp;United Arab Emirates (continued) | &nbsp;&nbsp;United Arab Emirates (continued) | &nbsp;&nbsp;United Arab Emirates (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dhafrah Pv2 Energy 144A 5.794% 6/30/53 # | &nbsp;&nbsp;&nbsp;&nbsp;825000 | &nbsp;&nbsp;$816046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Galaxy Pipeline Assets Bidco 144A 2.16% 3/31/34 # | &nbsp;&nbsp;&nbsp;&nbsp;712660 | &nbsp;&nbsp;&nbsp;&nbsp; 638647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sweihan PV Power PJSC 144A 3.625% 1/31/49 # | &nbsp;&nbsp;&nbsp;&nbsp;536478 | &nbsp;&nbsp;&nbsp;&nbsp; 439884 |
|  |  | &nbsp;&nbsp;&nbsp; 2535023 |
| &nbsp;&nbsp;Vietnam — 0.83% | &nbsp;&nbsp;Vietnam — 0.83% | &nbsp;&nbsp;Vietnam — 0.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mong Duong Finance Holdings 144A 5.125% 5/7/29 # | &nbsp;&nbsp;&nbsp;&nbsp;773474 | &nbsp;&nbsp;&nbsp;&nbsp; 763938 |
|  |  | &nbsp;&nbsp;&nbsp; 763938 |
| &nbsp;&nbsp;Zambia — 1.14% | &nbsp;&nbsp;Zambia — 1.14% | &nbsp;&nbsp;Zambia — 1.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quantum Minerals |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 6.375% 2/15/36 # | &nbsp;&nbsp;&nbsp;&nbsp;575000 | &nbsp;&nbsp;&nbsp;&nbsp; 565623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 7.25% 2/15/34 # | &nbsp;&nbsp;&nbsp;&nbsp;465000 | &nbsp;&nbsp;&nbsp;&nbsp; 478423 |
|  |  | &nbsp;&nbsp;&nbsp; 1044046 |
| &nbsp;&nbsp;&nbsp;**Total Corporate Bonds (cost $79,615,580)** | &nbsp;&nbsp;&nbsp;**Total Corporate Bonds (cost $79,615,580)** | &nbsp;&nbsp;&nbsp;**79462504** |
| &nbsp;&nbsp;**Government Agency Obligations — 3.87%Δ** | &nbsp;&nbsp;**Government Agency Obligations — 3.87%Δ** | &nbsp;&nbsp;**Government Agency Obligations — 3.87%Δ** |
| &nbsp;&nbsp;Chile — 0.65% | &nbsp;&nbsp;Chile — 0.65% | &nbsp;&nbsp;Chile — 0.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco del Estado de Chile 144A 7.95% 5/2/29 #, μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;565000 | &nbsp;&nbsp;&nbsp;&nbsp; 599606 |
|  |  | &nbsp;&nbsp;&nbsp; 599606 |
| &nbsp;&nbsp;Kazakhstan — 1.12% | &nbsp;&nbsp;Kazakhstan — 1.12% | &nbsp;&nbsp;Kazakhstan — 1.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kazakhstan Temir Zholy National JSC 144A 5.25%<br> 4/29/36 # | &nbsp;&nbsp;&nbsp;&nbsp;690000 | &nbsp;&nbsp;&nbsp;&nbsp; 675361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QazaqGaz NC JSC 144A 5.625% 5/8/36 # | &nbsp;&nbsp;&nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp; 353685 |
|  |  | &nbsp;&nbsp;&nbsp; 1029046 |
| &nbsp;&nbsp;Mexico — 1.11% | &nbsp;&nbsp;Mexico — 1.11% | &nbsp;&nbsp;Mexico — 1.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comision Federal de Electricidad |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 3.348% 2/9/31 # | &nbsp;&nbsp;&nbsp;&nbsp;720000 | &nbsp;&nbsp;&nbsp;&nbsp; 654386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 6.50% 1/28/51 # | &nbsp;&nbsp;&nbsp;&nbsp;370000 | &nbsp;&nbsp;&nbsp;&nbsp; 365287 |
|  |  | &nbsp;&nbsp;&nbsp; 1019673 |
| &nbsp;&nbsp;Oman — 0.99% | &nbsp;&nbsp;Oman — 0.99% | &nbsp;&nbsp;Oman — 0.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AL Jawaher Assets 144A 4.662% 10/29/30 # | &nbsp;&nbsp;&nbsp;&nbsp;920000 | &nbsp;&nbsp;&nbsp;&nbsp; 905164 |
|  |  | &nbsp;&nbsp;&nbsp; 905164 |
| &nbsp;&nbsp;&nbsp;**Total Government Agency Obligations (cost $3,564,123)** | &nbsp;&nbsp;&nbsp;**Total Government Agency Obligations (cost $3,564,123)** | &nbsp;&nbsp;&nbsp; **3553489** |
| &nbsp;&nbsp;**Sovereign Bonds — 1.32%Δ** | &nbsp;&nbsp;**Sovereign Bonds — 1.32%Δ** | &nbsp;&nbsp;**Sovereign Bonds — 1.32%Δ** |
| &nbsp;&nbsp;Ecuador — 0.89% | &nbsp;&nbsp;Ecuador — 0.89% | &nbsp;&nbsp;Ecuador — 0.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecuador Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 8.75% 1/29/34 # | &nbsp;&nbsp;&nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp; 296525 |

---

NQ- 227 [0426] 0626 (5551000) 7

------

Schedule of investments

Nomura Emerging Markets Debt Corporate Fund

---

| | | |
|:---|:---|:---|
|  | Principal<br> amount<sup>°</sup> | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Sovereign BondsΔ (continued)** | &nbsp;&nbsp;**Sovereign BondsΔ (continued)** | &nbsp;&nbsp;**Sovereign BondsΔ (continued)** |
| &nbsp;&nbsp;Ecuador (continued) | &nbsp;&nbsp;Ecuador (continued) | &nbsp;&nbsp;Ecuador (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecuador Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144A 9.25% 1/29/39 # | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;$518750 |
|  |  | &nbsp;&nbsp;&nbsp; 815275 |
| &nbsp;&nbsp;Hungary — 0.43% | &nbsp;&nbsp;Hungary — 0.43% | &nbsp;&nbsp;Hungary — 0.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFB Magyar Fejlesztesi Bank 6.50% 6/29/28 ■ | &nbsp;&nbsp;&nbsp;&nbsp;380000 | &nbsp;&nbsp;&nbsp;&nbsp; 392998 |
|  |  | &nbsp;&nbsp;&nbsp; 392998 |
| &nbsp;&nbsp;&nbsp;**Total Sovereign Bonds (cost $1,170,689)** | &nbsp;&nbsp;&nbsp;**Total Sovereign Bonds (cost $1,170,689)** | &nbsp;&nbsp;&nbsp; **1208273** |
| &nbsp;&nbsp;**Supranational Banks — 1.58%** | &nbsp;&nbsp;**Supranational Banks — 1.58%** | &nbsp;&nbsp;**Supranational Banks — 1.58%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;African Development Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.75% 5/7/34 μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;445000 | &nbsp;&nbsp;&nbsp;&nbsp; 436527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875% 5/7/35 μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 294241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corp Andina de Fomento 144A 6.75% 6/17/30 #, μ, ψ | &nbsp;&nbsp;&nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp; 723625 |
| &nbsp;&nbsp;&nbsp;**Total Supranational Banks (cost $1,439,099)** | &nbsp;&nbsp;&nbsp;**Total Supranational Banks (cost $1,439,099)** | &nbsp;&nbsp;&nbsp; **1454393** |

---

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares |  |
| &nbsp;&nbsp;**Common Stock — 0.44%Δ** | &nbsp;&nbsp;**Common Stock — 0.44%Δ** | &nbsp;&nbsp;**Common Stock — 0.44%Δ** |
| &nbsp;&nbsp;Mexico — 0.44% | &nbsp;&nbsp;Mexico — 0.44% | &nbsp;&nbsp;Mexico — 0.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grupo Aeromexico † | &nbsp;&nbsp;&nbsp;&nbsp;267153 | &nbsp;&nbsp; 407569 |
| &nbsp;&nbsp;&nbsp;**Total Common Stock (cost $204,226)** | &nbsp;&nbsp;&nbsp;**Total Common Stock (cost $204,226)** | **407569** |
| &nbsp;&nbsp;**Short-Term Investments — 7.11%** | &nbsp;&nbsp;**Short-Term Investments — 7.11%** | &nbsp;&nbsp;**Short-Term Investments — 7.11%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 7.11% | &nbsp;&nbsp;Money Market Mutual Funds — 7.11% | &nbsp;&nbsp;Money Market Mutual Funds — 7.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.54%) | 1632374 | &nbsp;&nbsp; 1632374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.54%) | 1632373 | &nbsp;&nbsp; 1632373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.59%) | 1632373 | &nbsp;&nbsp; 1632373 |

---

8 NQ- 227 [0426] 0626 (5551000)

------

---

| | | |
|:---|:---|:---|
|  | Number of<br> shares | &nbsp;&nbsp;Value (US $) |
| &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** |
| &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.57%) | 1632374 | &nbsp;&nbsp;$1632374 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $6,529,494)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $6,529,494)** | &nbsp;&nbsp;&nbsp; **6529494** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—101.19%<br> (cost $92,821,881)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**92946885** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets — (1.19%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**(1090216)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 11,805,577 Shares Outstanding — 100.00%** |  | &nbsp;&nbsp;**$91856669** |

---

---

| |
|:---|
| Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
| Securities have been classified by country of risk. |
| Zero-coupon security. |
| Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At April 30, 2026, the aggregate value of Rule 144A securities was $73,590,418, which represents 80.11% of the Fund's net assets. |
| Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at April 30, 2026. Rate will reset at a future date. |
| Perpetual security. Maturity date represents next call date. |
| Regulation S security. Security is offered and sold outside of the United States; therefore, it is exempt from registration with the SEC under Rules 903 and 904 of the Securities Act of 1933, as amended. |
| Security is currently in default. |
| Non-income producing security. |

---

NQ- 227 [0426] 0626 (5551000) 9

------

Schedule of investments

Nomura Emerging Markets Debt Corporate Fund

The following swap contracts were outstanding at April 30, 2026:

#### Swap Contracts

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| CDS Contracts<sup>1</sup> | CDS Contracts<sup>1</sup> | CDS Contracts<sup>1</sup> | CDS Contracts<sup>1</sup> | CDS Contracts<sup>1</sup> | CDS Contracts<sup>1</sup> |
| Counterparty/<br> Reference Obligation/<br> Termination Date/<br> Payment Frequency | Notional<br> Amount<sup>2</sup> | &nbsp;&nbsp;Annual Protection<br> Payments | &nbsp;&nbsp;Value | &nbsp;&nbsp;Amortized<br> Upfront<br> Payments<br> Paid<br> (Received) | &nbsp;&nbsp;Unrealized<br> Depreciation |
| **Over-The-Counter:** |  |  |  |  |  |
| **Protection Purchased/Moody's Ratings:** |  |  |  |  |  |
| JPMCB Mexico 4.15% 3/28/27 Baa2 <br> 6/22/26-Quarterly | 1748000 | 1.000% | &nbsp;&nbsp;&nbsp;$(3854) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$372 | &nbsp;&nbsp;&nbsp;$(4226) |

---

<sup>1</sup> A CDS contract is a risk-transfer instrument through which one party (purchaser of protection) transfers to another party (seller of protection) the financial risk of a credit event (as defined in the CDS agreement), as it relates to a particular reference security or basket of securities (such as an index). Periodic payments (receipts) on such contracts are accrued daily and recorded as unrealized losses (gains) on swap contracts. Upon payment (receipt), such amounts are recorded as realized losses (gains) on swap contracts. Upfront payments made or received in connection with CDS contracts are amortized over the expected life of the CDS contracts as unrealized losses (gains) on swap contracts. The change in value of CDS contracts is recorded daily as unrealized appreciation or depreciation. A realized gain or loss is recorded upon a credit event (as defined in the CDS agreement) or the maturity or termination of the CDS agreement.

<sup>2</sup> Notional amount shown is stated in USD unless noted that the swap is denominated in another currency.

---

| |
|:---|
| **Summary of abbreviations:** |
| AD – Akcionarsko Drustvo |
| CDS – Credit Default Swap |
| CJSC – Closed Joint Stock Company |
| JPMCB – JPMorgan Chase Bank |
| JSC – Joint Stock Company |
| PJSC – Private Joint Stock Company |
| SAOG – Societe Anonyme Omanaise Generale |
| TAS – Turk Anonim Sirketi |
| USD – US Dollar |

---

10 NQ- 227 [0426] 0626 (5551000)

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Delaware Group Government Fund

- **b. Investment Company Act file number:** 811-04304

- **c. CIK number of Registrant:** 0000769220

- **d. LEI of Registrant:** 549300LQEAIQ305TVO13

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

  - **Street Address 1:** 100 Independence

  - **City:** PHILADELPHIA

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 18005231918

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

- **a. Name of Series:** Nomura Emerging Markets Debt Corporate Fund

- **b. EDGAR series identifier (if any):** S000041892

- **c. LEI of Series:** 549300M1MSKMKF5XEN15

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $92895928.60

**Total Liabilities:** $1060296.62

**Net Assets:** $91835631.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -19.79490000 | **1-Year:** 2177.76852000 | **5-Year:** 13651.10018000 | **10-Year:** 8549.62036000 | **30-Year:** 260.26429000

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

- **3-Month:** 18.91269000 | **1-Year:** 3764.77362000 | **5-Year:** 9155.25732000 | **10-Year:** 2445.48389000 | **30-Year:** 24.67538000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130079 | 0.59%                | -2.25%               | 1.86%                |
| Class ID C000130080 | 0.40%                | -2.30%               | 1.79%                |
| Class ID C000130082 | 0.46%                | -2.08%               | 1.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $706560.31               | $-498306.07                                |
| Month 2  | $69280.41                | $-2489172.06                               |
| Month 3  | $27380.79                | $1189671.04                                |

**Designated Index Information**

- **Index Name:** JP Morgan CEMBI Broad Diversified Index

- **Index Identifier:** JPM_CEMBI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| J.P. MORGAN SECURITIES LLC                                        | CDS UNITED MEXICAN STATES                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-3853.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeromexico                                                  | Grupo Aeromexico NPV                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    267153 | NS      | $407569.48    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GC TREASURY CENTER COMPANY LTD                                    | PTTGC V7.125 PERP 144a                                      | CUSIP: 36830AAD9<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |    690000 | PA      | $684453.85    | 0.75%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                                     | HLSTWR 6.75 04/01/31 144A                                   | CUSIP: 40435WAD2<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    460000 | PA      | $468539.85    | 0.51%             | 2031-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN BANK & TRUST COMPANY                                 | MBTPM 5.375 03/06/29 EMTN                                   | CUSIP: 000000000<br>LEI: 549300SQYI82RVWFN715 | Long             | DBT              | CORP              | PH        |    360000 | PA      | $369673.56    | 0.40%             | 2029-03-06      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| HANWHA LIFE INSURANCE CO LTD                                      | HLINSU V6.3 06/24/55 144A                                   | CUSIP: 41135UAC9<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | KR        |    655000 | PA      | $675468.75    | 0.74%             | 2055-06-24      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                           | SASOL 8.75 04/10/33 144A                                    | CUSIP: 80386WAG0<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    435000 | PA      | $459718.88    | 0.50%             | 2033-04-10      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ALDAR PROPERTIES PJSC                                             | ALDAR V5.875 04/14/56 144A                                  | CUSIP: 013917AA7<br>LEI: 98450048CD8AEF13B480 | Long             | DBT              | CORP              | AE        |    675000 | PA      | $640446.35    | 0.70%             | 2056-04-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EL PUERTO DE LIVERPOOL SAB DE CV                                  | LIVEPL 6.658 01/22/37 144A                                  | CUSIP: 283837AD4<br>LEI: 4469000001BO4JEXZL32 | Long             | DBT              | CORP              | MX        |    705000 | PA      | $737359.50    | 0.80%             | 2037-01-22      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE BV                                       | PETBRA 6.25 01/10/36                                        | CUSIP: 71647NBN8<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    770000 | PA      | $770077.00    | 0.84%             | 2036-01-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN PLC                                                | AALLN 5.25 03/19/36 144A                                    | CUSIP: 034863BJ8<br>LEI: 549300S9XF92D1X8ME43 | Long             | DBT              | CORP              | GB        |    770000 | PA      | $757940.57    | 0.83%             | 2036-03-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                                         | BABA 5.25 05/26/35                                          | CUSIP: 01609WBP6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    375000 | PA      | $387767.44    | 0.42%             | 2035-05-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KASPI.KZ JSC                                                      | JSCKSP 6.25 03/26/30 144A                                   | CUSIP: 466281AA0<br>LEI: 2549003YU6FARG8OAZ13 | Long             | DBT              | CORP              | KZ        |    705000 | PA      | $715814.56    | 0.78%             | 2030-03-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKMUR TBK PT                                 | ICBPIJ 3.398 06/09/31                                       | CUSIP: 000000000<br>LEI: 254900YKZW9GRKZZN285 | Long             | DBT              | CORP              | ID        |    670000 | PA      | $622271.21    | 0.68%             | 2031-06-09      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| PRIO LUXEMBOURG HOLDING SARL                                      | PRIOBZ 6.75 10/15/30 144A                                   | CUSIP: 74259PAA5<br>LEI: 2221003VQP4JY7T31H94 | Long             | DBT              | CORP              | LU        |    655000 | PA      | $654692.15    | 0.71%             | 2030-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL SA                                                     | PLUSPE 8.5 05/30/32 144A                                    | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |    600000 | PA      | $625786.68    | 0.68%             | 2032-05-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA SAB DE CV                                    | SILAMX 6 11/25/29 144A                                      | CUSIP: 82983PAA1<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |    265000 | PA      | $271370.60    | 0.30%             | 2029-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDCO SARL                                    | GASBCM 6.51 02/23/42 144A                                   | CUSIP: 39541EAC7<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    430000 | PA      | $458148.14    | 0.50%             | 2042-02-23      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENERGY ANDINA LLC                                       | SIERRA 9 11/14/30 144A                                      | CUSIP: 82653NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    765000 | PA      | $776142.23    | 0.85%             | 2030-11-14      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ADANI RENEWABLE ENERGY (RJ) LTD                                   | ARENRJ 4.625 10/15/39 144A                                  | CUSIP: 00654CAA0<br>LEI: 335800DKCLYHG21PBG55 | Long             | DBT              | CORP              | IN        |    827688 | PA      | $692674.45    | 0.75%             | 2039-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                                     | HLSTWR 7.5 06/04/29 144A                                    | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    440000 | PA      | $453353.82    | 0.49%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GEORGIA GLOBAL UTILITIES JSC                                      | CGEOLN 8.875 07/25/29 144A                                  | CUSIP: 373196AB0<br>LEI: 213800JCP8ERP6FTOL26 | Long             | DBT              | CORP              | GE        |    395000 | PA      | $411437.10    | 0.45%             | 2029-07-25      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| MHP LUX SA                                                        | MHPSA 10.5 07/28/29 144A                                    | CUSIP: 59318YAC2<br>LEI: 222100RHC7R1WZ1J3M44 | Long             | DBT              | CORP              | LU        |    745000 | PA      | $764901.63    | 0.83%             | 2029-07-28      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| LD CELULOSE INTERNATIONAL GMBH                                    | LNZAV 7.95 01/26/32 144A                                    | CUSIP: 50206BAA0<br>LEI: 529900EHUSQJVOTP9J45 | Long             | DBT              | CORP              | AT        |    525000 | PA      | $547712.92    | 0.60%             | 2032-01-26      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX MPC SARL                                    | CHLELC 6.01 01/20/33 144A                                   | CUSIP: 168829AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    657900 | PA      | $684433.11    | 0.75%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FINANCE HOLDINGS BV                                    | MONDFI 5.125 05/07/29 144A                                  | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    773474 | PA      | $763937.77    | 0.83%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS TRUST                                               | Goldman Sachs Financial Square Government Fund              | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   1632373 | NS      | $1632373.43   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DE CREDITO E INVERSIONES SA                                 | BCICI V8.75 PERP 144A                                       | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    650000 | PA      | $698477.00    | 0.76%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                                          | SUNAC 0 06/23/28 AI                                         | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    706661 | PA      | $181965.25    | 0.20%             | 2028-06-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                                         | BABA 2.7 02/09/41                                           | CUSIP: 01609WAY8<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    445000 | PA      | $329055.38    | 0.36%             | 2041-02-09      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                                            | FWDGHD 5.836 09/22/35 144A                                  | CUSIP: 30332TAD4<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    575000 | PA      | $578447.01    | 0.63%             | 2035-09-22      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS                      | MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS GOVT PTF INSTL | CUSIP: 61747C707<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |   1632373 | NS      | $1632373.43   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CHILE ELECTRICITY LUX MPC II SARL                                 | CHLMPC 5.58 10/20/35 144A                                   | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    459427 | PA      | $469994.18    | 0.51%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMETLERI AS                                   | TCELLT 7.45 01/24/30 144A                                   | CUSIP: 900111AC9<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    460000 | PA      | $475543.40    | 0.52%             | 2030-01-24      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTERNATIONAL CELLULAR SA                                | TIGO 7.375 04/02/32 144A                                    | CUSIP: 600814AS6<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    619000 | PA      | $640977.60    | 0.70%             | 2032-04-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MISC CAPITAL TWO (LABUAN) LTD                                     | MISCMK 3.75 04/06/27 144A                                   | CUSIP: 60475DAB7<br>LEI: 9845000ED8376T875113 | Long             | DBT              | CORP              | MY        |    510000 | PA      | $506295.00    | 0.55%             | 2027-04-06      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CBQ FINANCE LTD                                                   | COMQAT 4.625 09/10/30 EMTN                                  | CUSIP: 000000000<br>LEI: 213800FNEMX56U9OHK56 | Long             | DBT              | CORP              | BM        |    850000 | PA      | $838263.92    | 0.91%             | 2030-09-10      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                               | MUTHIN 6.375 03/02/30 144A                                  | CUSIP: 62828L2E2<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    805000 | PA      | $812762.13    | 0.89%             | 2030-03-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                                              | TECOAR 9.25 05/28/33 144A                                   | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |    675000 | PA      | $717754.50    | 0.78%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TRANSPORTADORA DE GAS DEL SUR SA                                  | TRAGAS 7.75 11/20/35 144A                                   | CUSIP: 893870AZ8<br>LEI: 5299002TRC7IFQYSW596 | Long             | DBT              | CORP              | AR        |    660000 | PA      | $681337.40    | 0.74%             | 2035-11-20      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                            | STANLN V6.301 01/09/29 144A                                 | CUSIP: 853254CS7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    240000 | PA      | $246469.82    | 0.27%             | 2029-01-09      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BLACKROCK LIQUIDITY FUNDS                                         | BLACKROCK LIQUIDITY FUNDS FEDFUND INSTL                     | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1632374 | NS      | $1632373.68   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDS CHINA LTD                                                   | SANLTD 4.375 06/18/30                                       | CUSIP: 80007RAL9<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    290000 | PA      | $283757.14    | 0.31%             | 2030-06-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UENO BANK SA                                                      | UENOPY 6.7 03/06/31 144A                                    | CUSIP: 903934AB3<br>LEI: 98450099V56Z7DB78D05 | Long             | DBT              | CORP              | PY        |    690000 | PA      | $678276.90    | 0.74%             | 2031-03-06      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP                                               | AFRFIN 5.55 10/08/29 144A                                   | CUSIP: 00830YAF8<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | NUSS              | NG        |    745000 | PA      | $755904.04    | 0.82%             | 2029-10-08      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BANK LEUMI LE - ISRAEL BM                                         | LUMIIT V7.129 07/18/33                                      | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    650000 | PA      | $670593.95    | 0.73%             | 2033-07-18      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD                                              | HBSPIN 4.125 05/18/31 144A                                  | CUSIP: 46653YAA6<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |    559475 | PA      | $526662.69    | 0.57%             | 2031-05-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                                                     | AIA 5.375 04/05/34 144A                                     | CUSIP: 00131LAQ8<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    310000 | PA      | $317194.60    | 0.35%             | 2034-04-05      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                                            | FWDGHD 5.252 09/22/30 144A                                  | CUSIP: 30332TAC6<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    485000 | PA      | $485387.61    | 0.53%             | 2030-09-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                          | AFDB V5.75 PERP                                             | CUSIP: 008281BF3<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | CI        |    445000 | PA      | $436526.62    | 0.48%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD ASHANTI HOLDINGS PLC                                    | ANGSJ 6.5 04/15/40                                          | CUSIP: 03512TAB7<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    500000 | PA      | $527950.25    | 0.57%             | 2040-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH                | BANORT V7.5 PERP 144A                                       | CUSIP: 05971PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    675000 | PA      | $691212.15    | 0.75%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS                                                        | AKBNK V7.95 PERP 144A                                       | CUSIP: 00971YAN0<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |    835000 | PA      | $814991.98    | 0.89%             | N/A             | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE SA                                           | RAIZBZ 6.95 03/05/54 144A                                   | CUSIP: 75102XAC0<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    760000 | PA      | $405583.04    | 0.44%             | 2054-03-05      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BANK HAPOALIM LTD                                                 | HAPOAL 5.252 01/14/33                                       | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | DBT              | CORP              | IL        |    720000 | PA      | $716200.27    | 0.78%             | 2033-01-14      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BANK MUSCAT SAOG                                                  | BKMBOM 4.846 10/01/30 EMTN                                  | CUSIP: 000000000<br>LEI: 549300HC6W6OEXV7SY67 | Long             | DBT              | CORP              | OM        |    920000 | PA      | $909155.78    | 0.99%             | 2030-10-01      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHOSPHATES SA                                | OCPMR V7.3682 PERP 144A                                     | CUSIP: 67091TAL9<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    440000 | PA      | $437694.97    | 0.48%             | N/A             | Fixed         | 7.37%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LTD                                                 | VALEBZ V6 02/25/56 144A                                     | CUSIP: 91911TAT0<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    750000 | PA      | $753675.00    | 0.82%             | 2056-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL HONG KONG BRANCH                                 | BBLTB V3.466 09/23/36 144A                                  | CUSIP: 059895AV4<br>LEI: N/A                  | Long             | DBT              | CORP              | HK        |    665000 | PA      | $602795.37    | 0.66%             | 2036-09-23      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| CELESTIAL DYNASTY LTD                                             | CTFSHK 6.375 08/22/28                                       | CUSIP: 000000000<br>LEI: 254900A85ZVOMCLC2410 | Long             | DBT              | CORP              | VG        |    535000 | PA      | $532797.30    | 0.58%             | 2028-08-22      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CENCOSUD SA                                                       | CENSUD 5.75 04/15/36 144A                                   | CUSIP: 15132HAK7<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |    795000 | PA      | $795993.75    | 0.87%             | 2036-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE SA                                           | RAIZBZ 6.25 07/08/32 144A                                   | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    525000 | PA      | $288750.00    | 0.31%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                   | SANLTD 3.25 08/08/31                                        | CUSIP: 80007RAS4<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    365000 | PA      | $335048.68    | 0.36%             | 2031-08-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAL SUBORDINATED TRUST 2.0                                 | BANGUA V6.55 04/15/36 144A                                  | CUSIP: 456349AA7<br>LEI: 254900WSJBB5525DL518 | Long             | DBT              | CORP              | KY        |    660000 | PA      | $671055.00    | 0.73%             | 2036-04-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| AZUL SECURED FINANCE LLP                                          | AZUBBZ 9.875 02/15/31 144A                                  | CUSIP: 05501WAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    665000 | PA      | $592681.25    | 0.65%             | 2031-02-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO | ECUA 8.75 01/29/34 144A                                     | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    290000 | PA      | $296525.00    | 0.32%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA INC                                            | BIMBOA 6.4 01/15/34 144A                                    | CUSIP: 09031WAD5<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |    395000 | PA      | $422264.48    | 0.46%             | 2034-01-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                      | ECOPET 5.875 11/02/51                                       | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    740000 | PA      | $548307.81    | 0.60%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                                  | VEDLN 9.125 10/15/32 144A                                   | CUSIP: 92243XAN1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $624575.34    | 0.68%             | 2032-10-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                        | FMCN 6.375 02/15/36 144A                                    | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    575000 | PA      | $565623.36    | 0.62%             | 2036-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS BIDCO LTD                                  | ADGLXY 2.16 03/31/34 144A                                   | CUSIP: 36321PAD2<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    712660 | PA      | $638646.47    | 0.70%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                        | FMCN 7.25 02/15/34 144A                                     | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    465000 | PA      | $478422.69    | 0.52%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DHAFRAH PV2 ENERGY COMPANY LLC                                    | DHAENE 5.794 06/30/53 144A                                  | CUSIP: 25241MAA5<br>LEI: 529900AHXZA1YRZN9C67 | Long             | DBT              | CORP              | AE        |    825000 | PA      | $816046.11    | 0.89%             | 2053-06-30      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI LTD                                      | ADANEM 3.949 02/12/30 144A                                  | CUSIP: 00654GAA1<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    330000 | PA      | $311942.63    | 0.34%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MFB HUNGARIAN DEVELOPMENT BANK PRIVATE LTD                        | MAGYAR 6.5 06/29/28                                         | CUSIP: 000000000<br>LEI: 549300KCFVCFTUJZYT59 | Long             | DBT              | NUSS              | HU        |    380000 | PA      | $392997.70    | 0.43%             | 2028-06-29      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AL RAJHI SUKUK LTD                                                | RJHIAB V5.651 03/16/36 EMTN                                 | CUSIP: 000000000<br>LEI: 549300FHETHK3XGY8N60 | Long             | DBT              | CORP              | KY        |    635000 | PA      | $628167.95    | 0.68%             | 2036-03-16      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| GDZ ELEKTRIK DAGITIM AS                                           | GDZELE 9 10/15/29 144A                                      | CUSIP: 36270TAA1<br>LEI: 984500B63B5766038A64 | Long             | DBT              | CORP              | TR        |    480000 | PA      | $466651.25    | 0.51%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KINGSTON AIRPORT REVENUE FINANCE LTD                              | KINAIR 6.75 12/15/36 144A                                   | CUSIP: 49647QAA6<br>LEI: 254900SK2YRR95AVHU30 | Long             | DBT              | CORP              | KY        |    875000 | PA      | $891187.50    | 0.97%             | 2036-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL COMPANY                                         | ARAMCO 5.75 07/17/54 144A                                   | CUSIP: 80414L2P9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    560000 | PA      | $530299.11    | 0.58%             | 2054-07-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEXT PROPERTIES (TRUST 2401)                                      | NEXTPR 7.7 01/23/32 144A                                    | CUSIP: 89834MAB2<br>LEI: 254900QDKZ8ZURT6FD83 | Long             | DBT              | CORP              | MX        |    647000 | PA      | $704460.07    | 0.77%             | 2032-01-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| SWEIHAN PV POWER COMPANY                                          | SWEHAN 3.625 01/31/49 144A                                  | CUSIP: 870674AA6<br>LEI: 353800EF1E1IC18GBC48 | Long             | DBT              | CORP              | AE        |    536478 | PA      | $439883.79    | 0.48%             | 2049-01-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHOSPHATES SA                                | OCPMR 5.125 06/23/51 144A                                   | CUSIP: 67091TAE5<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    980000 | PA      | $786609.45    | 0.86%             | 2051-06-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AEROPUERTOS ARGENTINA 2000 SA                                     | AEROAR 8.5 08/01/31 144A                                    | CUSIP: 00786PAE4<br>LEI: 549300349K24AVAQ7B24 | Long             | DBT              | CORP              | AR        |    684009 | PA      | $717446.59    | 0.78%             | 2031-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MOBILIARE LATAM SA / MOBILIARE LATAM MEXICO SA DE CV              | MOBLMC 6.75 11/10/32 144A                                   | CUSIP: 60742RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    695000 | PA      | $697748.73    | 0.76%             | 2032-11-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO | ECUA 9.25 01/29/39 144A                                     | CUSIP: 27927WAR3<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    500000 | PA      | $518750.00    | 0.56%             | 2039-01-29      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELECTRICIDAD                                  | CFELEC 6.5 01/28/51 144A                                    | CUSIP: 200447AR1<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    370000 | PA      | $365286.98    | 0.40%             | 2051-01-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                           | LTMCI 7.875 04/15/30 144A                                   | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    710000 | PA      | $725087.50    | 0.79%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                          | AZURGY 8.625 01/22/33 144A                                  | CUSIP: 05501YAC2<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    530000 | PA      | $550504.64    | 0.60%             | 2033-01-22      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SCOTIABANK PERU SAA                                               | BNSPE V6.1 10/01/35 144A                                    | CUSIP: 80928HAB9<br>LEI: 5493001E54CPRG5J5Q41 | Long             | DBT              | CORP              | PE        |    695000 | PA      | $714112.50    | 0.78%             | 2035-10-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| QNB BANK AS                                                       | QNBFB V10.75 11/15/33                                       | CUSIP: 000000000<br>LEI: 789000Q21SW842S9IJ58 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $439928.96    | 0.48%             | 2033-11-15      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| STAR ENERGY GEOTHERMAL (WAYANG WINDU) LTD                         | STAREN 6.75 04/24/33 144A                                   | CUSIP: 85511XAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    419475 | PA      | $428260.53    | 0.47%             | 2033-04-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DIGICEL INTERNATIONAL FINANCE LTD                                 | DIGDIF 8.625 08/01/32 144A                                  | CUSIP: 25381MAA5<br>LEI: 5493007V023VOEW4FK27 | Long             | DBT              | CORP              | BM        |    675000 | PA      | $702706.05    | 0.77%             | 2032-08-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TELEKOM SRBIJA AD                                                 | TELSER 7 10/28/29 144A                                      | CUSIP: 87945BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | RS        |    680000 | PA      | $683492.62    | 0.74%             | 2029-10-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FUTURE RETAIL LTD                                                 | FRETAI 5.6 01/22/25 144A                                    | CUSIP: 36118EAA0<br>LEI: 335800XO19WYIUZC9H61 | Long             | DBT              | CORP              | IN        |    425000 | PA      | $1066.75      | 0.00%             | 2025-01-22      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                           | SASOL 8.75 05/03/29 144A                                    | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    470000 | PA      | $497678.77    | 0.54%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO IRREVOCABLE 1721 BANCO ACTINVER SA                    | FIBRAP 5.5 11/26/35 144A                                    | CUSIP: 31575KAA3<br>LEI: 549300JMTSVQ6LKX5222 | Long             | DBT              | CORP              | MX        |    725000 | PA      | $715882.98    | 0.78%             | 2035-11-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NOVA SECURITISATION SARL                                          | SBSPAB 6.5 02/03/36 144A                                    | CUSIP: 66984FAB3<br>LEI: 636700QG9R13IDZO4Y16 | Long             | DBT              | CORP              | LU        |    980000 | PA      | $949373.04    | 1.03%             | 2036-02-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                          | AFDB V5.875 PERP .                                          | CUSIP: 008281BK2<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | CI        |    300000 | PA      | $294241.56    | 0.32%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK CO LTD                                               | SHNHAN 5.75 04/15/34 144A                                   | CUSIP: 824589AH8<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |    620000 | PA      | $644930.45    | 0.70%             | 2034-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL CONTAINER TERMINAL SERVICES INC                     | ICTPM 4.75 06/17/30                                         | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | DBT              | CORP              | PH        |    445000 | PA      | $449041.09    | 0.49%             | 2030-06-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TECPETROL SA                                                      | TECPET 7.625 11/03/30 144A                                  | CUSIP: 87876TAH7<br>LEI: 529900C0GOV3UC7ZMZ16 | Long             | DBT              | CORP              | AR        |    785000 | PA      | $805606.25    | 0.88%             | 2030-11-03      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LTD                                         | MPEL 7.625 04/17/32 144A                                    | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    565000 | PA      | $583206.28    | 0.64%             | 2032-04-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| GARANTI BBVA                                                      | GARAN V8.375 02/28/34 144A                                  | CUSIP: 900148AF4<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |    635000 | PA      | $653435.64    | 0.71%             | 2034-02-28      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO DE INVERSION EN ENERGIA MEXICO                        | FIEMEX 7.25 01/31/41 144A                                   | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    693355 | PA      | $718523.96    | 0.78%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                    | WYNMAC 6.75 02/15/34 144A                                   | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    785000 | PA      | $787409.40    | 0.86%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FIDELITY COLCHESTER STREET TRUST                                  | FIDELITY COLCHESTER STREET TRUST MNY MRKT FDS I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   1632373 | NS      | $1632373.43   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| QAZAQGAZ NATIONAL COMPANY JSC                                     | KZTGKZ 5.625 05/08/36 144A                                  | CUSIP: 63549WAB1<br>LEI: 635400YGLXBBSVHONW39 | Long             | DBT              | CORP              | KZ        |    360000 | PA      | $353684.90    | 0.39%             | 2036-05-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SABLE INTERNATIONAL FINANCE LTD                                   | CWCLN 7.125 10/15/32 144A                                   | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    695000 | PA      | $693910.45    | 0.76%             | 2032-10-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING CORP LTD                                  | OCBCSP V4.55 09/08/35 144A                                  | CUSIP: 69033CAE9<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |   1125000 | PA      | $1115178.41   | 1.21%             | 2035-09-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BIDVEST GROUP (UK) PLC (THE)                                      | BVTSJ 6.2 09/17/32 144A                                     | CUSIP: 088932AA6<br>LEI: 984500A80C777F496830 | Long             | DBT              | CORP              | GB        |    695000 | PA      | $698803.46    | 0.76%             | 2032-09-17      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CORPORACION ANDINA DE FOMENTO                                     | CAF V6.75 PERP 144A                                         | CUSIP: 219868CM6<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | VE        |    700000 | PA      | $723625.00    | 0.79%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINANCE BV                                    | EMBRBZ 5.4 01/09/38                                         | CUSIP: 29082HAF9<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |    765000 | PA      | $744345.00    | 0.81%             | 2038-01-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                                                 | TAISEM 2.5 10/25/31                                         | CUSIP: 872898AC5<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    845000 | PA      | $768162.54    | 0.84%             | 2031-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sunac China Holdings Ltd.                                         | SUNAC 0 06/23/26 AI                                         | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    956397 | PA      | $149197.93    | 0.16%             | 2026-06-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELECTRICIDAD                                  | CFELEC 3.348 02/09/31 144A                                  | CUSIP: 200447AH3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    720000 | PA      | $654386.33    | 0.71%             | 2031-02-09      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| TBC BANK JSC                                                      | TBCBGE V10.25 PERP 144A                                     | CUSIP: 48128XAD5<br>LEI: 2138001MSA39Q44QTA18 | Long             | DBT              | CORP              | GE        |    510000 | PA      | $546863.11    | 0.60%             | N/A             | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| CIKARANG LISTRINDO TBK PT                                         | CIKLIS 5.65 03/12/35 144A                                   | CUSIP: 74448QAA5<br>LEI: 254900NPCIO562Z7FN53 | Long             | DBT              | CORP              | ID        |    765000 | PA      | $770110.20    | 0.84%             | 2035-03-12      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NBK SPC LTD                                                       | NTBKKK V1.625 09/15/27 144A                                 | CUSIP: 62877PAB0<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $395716.80    | 0.43%             | 2027-09-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| INRETAIL SHOPPING MALLS                                           | INRSHM 5.65 10/16/32 144A                                   | CUSIP: 45780UAC8<br>LEI: 254900340JT2D5SHMA49 | Long             | DBT              | CORP              | PE        |    665000 | PA      | $658981.75    | 0.72%             | 2032-10-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BANCOLOMBIA SA                                                    | BCOLO V8.625 12/24/34                                       | CUSIP: 05968LAN2<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |    760000 | PA      | $812432.40    | 0.88%             | 2034-12-24      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                          | YKBNK V7.55 06/11/36 144A                                   | CUSIP: 984848AW1<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    965000 | PA      | $956135.22    | 1.04%             | 2036-06-11      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| MARCOBRE SAC                                                      | MARSAC 5.75 01/22/36 144A                                   | CUSIP: 56625AAA2<br>LEI: 254900BORIUZFCM1XB72 | Long             | DBT              | CORP              | PE        |    770000 | PA      | $759797.50    | 0.83%             | 2036-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KOREA HYDRO & NUCLEAR POWER COMPANY LTD                           | KOHNPW 5 07/18/28 144A                                      | CUSIP: 50064YAS2<br>LEI: 9884008CRY5MLCN8OQ43 | Long             | DBT              | CORP              | KR        |    495000 | PA      | $502069.59    | 0.55%             | 2028-07-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL HONG KONG BRANCH                                 | BBLTB 4.507 11/26/30 144A                                   | CUSIP: 059895AY8<br>LEI: N/A                  | Long             | DBT              | CORP              | HK        |    630000 | PA      | $626309.21    | 0.68%             | 2030-11-26      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| NATIONAL COMPANY KAZAKHSTAN TEMIR ZHOLY JSC                       | KTZKZ 5.25 04/29/36 144A                                    | CUSIP: 48669DAD4<br>LEI: 213800X9NVS4IWFKLS77 | Long             | DBT              | NUSS              | KZ        |    690000 | PA      | $675360.68    | 0.74%             | 2036-04-29      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ACCESS HOLDINGS PLC                                               | ACCESS 6.125 09/21/26 144A                                  | CUSIP: 00434G2B5<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |    415000 | PA      | $413791.11    | 0.45%             | 2026-09-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ISRAEL ELECTRIC CORP LTD                                          | ISRELE 5.633 01/28/38                                       | CUSIP: 000000000<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |    410000 | PA      | $408390.75    | 0.44%             | 2038-01-28      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                                       | BBVASM V8.125 01/08/39 144A                                 | CUSIP: 07336UAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $352074.26    | 0.38%             | 2039-01-08      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ENERGUATE TRUST 2.0                                               | EGUATE 6.35 09/15/35 144A                                   | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $802919.68    | 0.87%             | 2035-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| YACIMIENTOS PETROLIFEROS FISCALES SA                              | YPFDAR 9.5 01/17/31 144A                                    | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    675000 | PA      | $721240.88    | 0.79%             | 2031-01-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                          | AZURGY 8.125 01/23/30 144A                                  | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    525000 | PA      | $541980.08    | 0.59%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                         | PRXNA 3.061 07/13/31 144A                                   | CUSIP: 74365PAF5<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    540000 | PA      | $493771.41    | 0.54%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BANK CO LTD                                               | CITNAT 2.5 11/04/30 144A                                    | CUSIP: 50050GAN8<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |    915000 | PA      | $831642.68    | 0.91%             | 2030-11-04      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AXIAN TELECOM HOLDING AND MANAGEMENT PLC                          | AXNTLC 7.25 07/11/30 144A                                   | CUSIP: 05465QAA7<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |    575000 | PA      | $580701.30    | 0.63%             | 2030-07-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DILIJAN FINANCE BV                                                | ARBANK 6.6 01/22/31 144A                                    | CUSIP: 254032AD7<br>LEI: 549300DCGXFXAP2FEV07 | Long             | DBT              | CORP              | NL        |    615000 | PA      | $619247.99    | 0.67%             | 2031-01-22      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| ORLEN SA                                                          | PKNPW 6 01/30/35 144A                                       | CUSIP: 68666UAA3<br>LEI: 259400VVMM70CQREJT74 | Long             | DBT              | CORP              | PL        |    740000 | PA      | $771016.06    | 0.84%             | 2035-01-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                            | STANLN V7.625 PERP 144A                                     | CUSIP: 853254DF4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    575000 | PA      | $608117.70    | 0.66%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                                               | DAVIVI V8.125 07/02/35 144A                                 | CUSIP: 059501AG1<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    695000 | PA      | $716857.75    | 0.78%             | 2035-07-02      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD (NEW)                                             | IHS 8.25 11/29/31 144A                                      | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    845000 | PA      | $884637.77    | 0.96%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SNB FUNDING LTD                                                   | SNBAB V6 06/24/35 EMTN                                      | CUSIP: 000000000<br>LEI: 549300PT73WJRNMAKE44 | Long             | DBT              | CORP              | KY        |    665000 | PA      | $668271.00    | 0.73%             | 2035-06-24      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TSMC GLOBAL LTD                                                   | TAISEM 2.25 04/23/31 144A                                   | CUSIP: 872882AK1<br>LEI: 549300N2ZLI21P85T117 | Long             | DBT              | CORP              | VG        |    270000 | PA      | $244257.34    | 0.27%             | 2031-04-23      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL SERVICES INC                                      | HYUCAP 5.25 01/22/28 144A                                   | CUSIP: 44920UAX6<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |    495000 | PA      | $500904.81    | 0.55%             | 2028-01-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                                   | MVFPSO 6.748 06/01/34 144A                                  | CUSIP: 55388RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    635037 | PA      | $639491.60    | 0.70%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD                         | ADSEZ 3.1 02/02/31 144A                                     | CUSIP: 00652MAH5<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    575000 | PA      | $521494.64    | 0.57%             | 2031-02-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| IRSA INVERSIONES Y REPRESENTACIONES SA                            | IRSAAR 8 03/31/35 144A                                      | CUSIP: 450047AJ4<br>LEI: 549300QJINFBX83IZ837 | Long             | DBT              | CORP              | AR        |    645000 | PA      | $671251.50    | 0.73%             | 2035-03-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                             | FRIDPT 5.315 04/14/32 144A                                  | CUSIP: 69377FAB2<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    530000 | PA      | $531427.29    | 0.58%             | 2032-04-14      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| BANCO DEL ESTADO DE CHILE SA                                      | BANCO V7.95 PERP 144A                                       | CUSIP: 05957AAC3<br>LEI: 5493004R4EJC0W0XVQ72 | Long             | DBT              | NUSS              | CL        |    565000 | PA      | $599606.25    | 0.65%             | N/A             | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| AL JAWAHER ASSETS COMPANY SPC                                     | OMGRID 4.662 10/29/30 144A                                  | CUSIP: 009931AA4<br>LEI: 6354007IHCAYDAUAAY02 | Long             | DBT              | CORP              | OM        |    920000 | PA      | $905163.34    | 0.99%             | 2030-10-29      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-26

**Name of Applicant:** Delaware Group Government Fund

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

**Title:** Division Director - Head of US Fund Administration