# EDGAR Filing Document

**Accession Number:** 0001501103
**File Stem:** 0001752724-25-174665
**Filing Date:** 2025-7
**Character Count:** 57806
**Document Hash:** 9bbf3e050ee063dbefa6b3492bbc7818
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-174665.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001752724-25-174665

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Stone Harbor Emerging Markets Income Fund
- **CENTRAL INDEX KEY:** 0001501103

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22473
- **FILM NUMBER:** 251142289

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **STREET 2:** SUITE 104
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 1-866-270-7788

**MAIL ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **STREET 2:** SUITE 104
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stone Harbor Emerging Markets Income Fund
- **DATE OF NAME CHANGE:** 20101104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stone Harbor Emerging Markets Fixed Income Fund
- **DATE OF NAME CHANGE:** 20100910

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Stone Harbor Emerging Markets Income Fund

- **b. Investment Company Act file number:** 811-22473

- **c. CIK number of Registrant:** 0001501103

- **d. LEI of Registrant:** XXFOYQ5TGUGS75Z22C46

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

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9683

  - **Telephone number:** 866-270-7788

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

- **a. Name of Series:** Virtus Stone Harbor Emerging Markets Income Fund

- **c. LEI of Series:** XXFOYQ5TGUGS75Z22C46

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

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

- **b. Date as of which information is reported:** 2025-05-30

**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:** $195580759.00

**Total Liabilities:** $50873515.16

**Net Assets:** $144707243.84

**Cash Not Reported:** $40000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -77.68290029 | **5-Year:** -4040.37500700 | **10-Year:** -9151.54816500 | **30-Year:** -8720.63488300

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

- **3-Month:** 0.00000000 | **1-Year:** -2101.16683000 | **5-Year:** -10015.11295000 | **10-Year:** -17466.49484000 | **30-Year:** -8218.49105100

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -1.28%               | 1.17%                | 2.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-184926.05              | $-3008602.36                               |
| Month 2  | $-216239.78              | $154949.86                                 |
| Month 3  | $418815.99               | $2369248.43                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTERCONTINENTAL EXCHANGE, INC.           | CDS REPUBLIC OF ARGENTINA                            | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |           1 | NC      | $5944.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -2182240 | PA      | $-2182239.54  | -1.51%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                        | Ukraine Government International Bond                | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      174181 | PA      | $64882.47     | 0.04%             | 2034-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                           | IHS Holding Ltd                                      | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      103000 | PA      | $101583.75    | 0.07%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                        | Angolan Government International Bond                | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     1850000 | PA      | $1663612.50   | 1.15%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                     | Argentine Republic Government International Bond     | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     7532800 | PA      | $5899124.00   | 4.08%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -2412119 | PA      | $-2412119.38  | -1.67%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                  | Republic of South Africa Government Bond             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    48000000 | PA      | $2768239.61   | 1.91%             | 2026-12-21      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                   | El Salvador Government International Bond            | CUSIP: 283875BW1<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     1580000 | PA      | $1632140.00   | 1.13%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                        | Zambia Government International Bond                 | CUSIP: 988895AQ1<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     4341161 | PA      | $3895107.05   | 2.69%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                    | Egypt Government International Bond                  | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     7000000 | PA      | $7967940.89   | 5.51%             | 2026-04-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -614001 | PA      | $-614001.22   | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                       | Ecuador Government International Bond                | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     1948000 | PA      | $1510187.00   | 1.04%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1312677 | PA      | $-1312677.17  | -0.91%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                        | Ukraine Government International Bond                | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      561000 | PA      | $269280.00    | 0.19%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                               | Ivory Coast Government International Bond            | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      553000 | PA      | $594350.24    | 0.41%             | 2030-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -921232 | PA      | $-921231.72   | -0.64%            |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management        | Dreyfus Government Cash Management                   | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |     7738091 | NS      | $7738090.93   | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                  | Brazil Notas do Tesouro Nacional Serie F             | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    22300000 | PA      | $3349191.36   | 2.31%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                  | Republic of South Africa Government Bond             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    16700000 | PA      | $677548.32    | 0.47%             | 2036-03-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                       | Petroleos Mexicanos                                  | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2166000 | PA      | $2126080.62   | 1.47%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                   | Mong Duong Finance Holdings BV                       | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |     1016401 | PA      | $984841.71    | 0.68%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                  | Brazil Notas do Tesouro Nacional Serie F             | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    18800000 | PA      | $2727594.20   | 1.88%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1191187 | PA      | $-1191186.96  | -0.82%            |  |  |  | No            |                  2 | On Loan: No      |
| UZAUTO MOTORS AJ                          | Uzauto Motors AJ                                     | CUSIP: 46653NAA0<br>LEI: 25490082QA3E2MKBZI88 | Long             | DBT              | CORP              | UZ        |     2166000 | PA      | $2098529.10   | 1.45%             | 2026-05-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -635974 | PA      | $-635974.06   | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                         | Tunisian Republic                                    | CUSIP: 000000000<br>LEI: 254900B5LFB16S9T2T11 | Long             | DBT              | NUSS              | TN        |      608000 | PA      | $675966.63    | 0.47%             | 2026-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEON CAPITAL LTD #225                     | Neon Capital Ltd/KY                                  | CUSIP: 000000000<br>LEI: 549300K1NZTY5QS1NO76 | Long             | DBT              | CORP              | KY        |   220829911 | PA      | $1480486.57   | 1.02%             | 2028-01-06      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| IVORY COAST                               | Ivory Coast Government International Bond            | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      465000 | PA      | $489441.40    | 0.34%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                  | Yapi ve Kredi Bankasi AS                             | CUSIP: 984848AR2<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |      763000 | PA      | $788705.47    | 0.55%             | 2034-01-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                      | Colombian TES                                        | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  5800000000 | PA      | $1370171.48   | 0.95%             | 2026-08-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1963541 | PA      | $-1963540.91  | -1.36%            |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                  | Brazil Notas do Tesouro Nacional Serie F             | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     8000000 | PA      | $1322799.20   | 0.91%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                  | Development Bank of Kazakhstan JSC                   | CUSIP: 25159XAC7<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   506000000 | PA      | $929024.32    | 0.64%             | 2026-05-06      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| POINSETTIA FINANCE LTD                    | Poinsettia Finance Ltd                               | CUSIP: 000000000<br>LEI: 549300P2JTF5JKW10Z65 | Long             | DBT              | CORP              | KY        |    15922950 | PA      | $14448007.14  | 9.98%             | 2031-06-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL REP OF ETHIOPIA                   | Ethiopia International Bond                          | CUSIP: 29766LAA4<br>LEI: N/A                  | Long             | DBT              | NUSS              | ET        |     1212000 | PA      | $1078680.00   | 0.75%             | 2024-12-11      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                         | MC Brazil Downstream Trading SARL                    | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |     1599162 | PA      | $1255342.30   | 0.87%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AYDEM YENILENEBILIR ENER                  | Aydem Yenilenebilir Enerji AS                        | CUSIP: 054644AA7<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |      820800 | PA      | $815670.00    | 0.56%             | 2027-02-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                           | IHS Holding Ltd                                      | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      683000 | PA      | $659521.88    | 0.46%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                   | El Salvador Government International Bond            | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     1298000 | PA      | $1280477.00   | 0.88%             | 2027-01-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                         | Vedanta Resources Finance II PLC                     | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      343000 | PA      | $338986.90    | 0.23%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                     | Sri Lanka Government International Bond              | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       76832 | PA      | $51952.84     | 0.04%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                  | Petroleos de Venezuela SA                            | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     5517000 | PA      | $784241.55    | 0.54%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                        | Ukraine Government International Bond                | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      122663 | PA      | $59062.12     | 0.04%             | 2036-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                           | IHS Holding Ltd                                      | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      180000 | PA      | $175950.00    | 0.12%             | 2026-11-29      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                     | Sri Lanka Government International Bond              | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      106691 | PA      | $83219.14     | 0.06%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1016721 | PA      | $-1016720.64  | -0.70%            |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                   | Mexican Bonos                                        | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    29000000 | PA      | $1430663.93   | 0.99%             | 2027-03-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                     | Sri Lanka Government International Bond              | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      113786 | PA      | $88326.69     | 0.06%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -3192820 | PA      | $-3192820.44  | -2.21%            |  |  |  | No            |                  2 | On Loan: No      |
| NEON CAPITAL LTD 386                      | Neon Capital Ltd/KY                                  | CUSIP: 000000000<br>LEI: 549300K1NZTY5QS1NO76 | Long             | DBT              | CORP              | KY        |   295063758 | PA      | $1975909.08   | 1.37%             | 2028-01-01      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -657667 | PA      | $-657667.03   | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | JPY/USD FORWARD                                      | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $97033.33     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                  | Banco Mercantil del Norte SA/Grand Cayman            | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     1268000 | PA      | $1236680.40   | 0.85%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                  | Republic of South Africa Government Bond             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    38600000 | PA      | $1419954.74   | 0.98%             | 2041-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                     | Argentine Republic Government International Bond     | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    12552300 | PA      | $10330542.90  | 7.14%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                     | Petroleos del Peru SA                                | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     1225000 | PA      | $741125.00    | 0.51%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION OIL SA                      | Constellation Oil Services Holding SA                | CUSIP: 650921AA7<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |      813000 | PA      | $805809.02    | 0.56%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1025438 | PA      | $-1025437.50  | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1995753 | PA      | $-1995753.46  | -1.38%            |  |  |  | No            |                  2 | On Loan: No      |
| GENER MEDIT/CENT TERMICA                  | Generacion Mediterranea SA / Central Termica Roca SA | CUSIP: 36875KAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | AR        |     1061000 | PA      | $583550.00    | 0.40%             | 2031-11-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                   | El Salvador Government International Bond            | CUSIP: 283875AH5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      933000 | PA      | $929165.37    | 0.64%             | 2032-04-10      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                        | Zambia Government International Bond                 | CUSIP: 988895AR9<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |           2 | PA      | $1.17         | 0.00%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | USD/BRL FORWARD                                      | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-1759.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                   | Mexican Bonos                                        | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    98800000 | PA      | $4144266.76   | 2.86%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                        | Angolan Government International Bond                | CUSIP: 035198AA8<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     3860000 | PA      | $3856381.25   | 2.66%             | 2025-11-12      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                     | Sri Lanka Government International Bond              | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      112010 | PA      | $97205.99     | 0.07%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -567539 | PA      | $-567539.20   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                         | Lebanon Government International Bond                | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      848000 | PA      | $146704.00    | 0.10%             | 2023-05-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                       | Petroleos Mexicanos                                  | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    25240000 | PA      | $1252825.84   | 0.87%             | 2026-11-12      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                  | Petroleos de Venezuela SA                            | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      700000 | PA      | $99631.00     | 0.07%             | 2022-02-17      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                   | Pakistan Government International Bond               | CUSIP: 695847AS2<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     3020000 | PA      | $2942235.00   | 2.03%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                  | Banco Mercantil del Norte SA/Grand Cayman            | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |      866000 | PA      | $783201.74    | 0.54%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                  | Petroleos de Venezuela SA                            | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     1913000 | PA      | $226929.63    | 0.16%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | BRL/USD FORWARD                                      | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-19378.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                        | Ukraine Government International Bond                | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      383988 | PA      | $187194.05    | 0.13%             | 2034-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF IRAQ                          | Iraq International Bond                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | IQ        |     3718125 | PA      | $3650752.58   | 2.52%             | 2028-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1180208 | PA      | $-1180207.98  | -0.82%            |  |  |  | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                      | Samarco Mineracao SA                                 | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     2331554 | PA      | $2258692.57   | 1.56%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -4573575 | PA      | $-4573574.60  | -3.16%            |  |  |  | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                    | Eskom Holdings SOC Ltd                               | CUSIP: 29646AAD8<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     1840000 | PA      | $1900950.00   | 1.31%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                         | Vedanta Resources Finance II PLC                     | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      674000 | PA      | $639255.30    | 0.44%             | 2030-07-24      | Fixed         | 9.47%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                        | Angolan Government International Bond                | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      456000 | PA      | $389424.00    | 0.27%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                        | Leviathan Bond Ltd                                   | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |      800000 | PA      | $786248.00    | 0.54%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                       | Petroleos Mexicanos                                  | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3789000 | PA      | $3576816.00   | 2.47%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | USD/JPY FORWARD                                      | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-136435.71   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| VF UKRAINE (VFU FUNDING)                  | VF Ukraine PAT via VFU Funding PLC                   | CUSIP: 918212AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | UA        |      562669 | PA      | $537348.70    | 0.37%             | 2027-02-11      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1299440 | PA      | $-1299440.00  | -0.90%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1039601 | PA      | $-1039600.65  | -0.72%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                   | El Salvador Government International Bond            | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      683000 | PA      | $705539.00    | 0.49%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                       | Nigeria Government International Bond                | CUSIP: 65412JAC7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     1493000 | PA      | $1445880.92   | 1.00%             | 2027-11-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                      | Indonesia Treasury Bond                              | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 40300000000 | PA      | $2766144.01   | 1.91%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -2930640 | PA      | $-2930639.59  | -2.03%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                     | Petroleos del Peru SA                                | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     2625000 | PA      | $1951687.50   | 1.35%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                  | Development Bank of Kazakhstan JSC                   | CUSIP: 48129VAC0<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   270000000 | PA      | $485767.33    | 0.34%             | 2027-04-15      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                        | Ukraine Government International Bond                | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      298657 | PA      | $143355.44    | 0.10%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                  | Republic of South Africa Government Bond             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    36800000 | PA      | $1602024.28   | 1.11%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                  | Republic of South Africa Government Bond             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    25700000 | PA      | $1132612.90   | 0.78%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MOZAMBIQUE                    | Mozambique International Bond                        | CUSIP: 000000000<br>LEI: 213800759WLKYIKPER73 | Long             | DBT              | NUSS              | MZ        |     3968000 | PA      | $3230190.08   | 2.23%             | 2031-09-15      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1146771 | PA      | $-1146770.93  | -0.79%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                         | Gabon Government International Bond                  | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     1800000 | PA      | $1338894.00   | 0.93%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1832687 | PA      | $-1832687.20  | -1.27%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                     | Sri Lanka Government International Bond              | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       57674 | PA      | $53708.45     | 0.04%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                        | Ukraine Government International Bond                | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      330661 | PA      | $155410.78    | 0.11%             | 2036-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq CLN                      | Republic of Iraq CLN                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IQ        |   134235815 | PA      | $900409.39    | 0.62%             | 2028-01-01      | Floating      | 2.54%                 | No            |                  3 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1574267 | PA      | $-1574267.25  | -1.09%            |  |  |  | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                      | Colombian TES                                        | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  7900000000 | PA      | $1468178.40   | 1.01%             | 2032-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                   | Turkiye Government Bond                              | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    57000000 | PA      | $1324922.22   | 0.92%             | 2025-10-01      | Fixed         | 12.60%                | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1521147 | PA      | $-1521147.26  | -1.05%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -2504441 | PA      | $-2504440.67  | -1.73%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                        | Angolan Government International Bond                | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      222000 | PA      | $182663.82    | 0.13%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                      | Indonesia Treasury Bond                              | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 27400000000 | PA      | $1847706.81   | 1.28%             | 2034-03-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                      | Colombian TES                                        | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  8275000000 | PA      | $1448871.84   | 1.00%             | 2034-10-18      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                  | Development Bank of Kazakhstan JSC                   | CUSIP: 25159XAF0<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   590000000 | PA      | $1045487.86   | 0.72%             | 2028-05-23      | Fixed         | 13.49%                | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                  | Azule Energy Finance Plc                             | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |      750000 | PA      | $730080.00    | 0.50%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                   | Mexican Bonos                                        | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    58000000 | PA      | $2692465.20   | 1.86%             | 2034-11-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                               | Ivory Coast Government International Bond            | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     3170000 | PA      | $3055214.30   | 2.11%             | 2033-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                        | Ukraine Government International Bond                | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       46612 | PA      | $22490.21     | 0.02%             | 2030-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                    | Egypt Government International Bond                  | CUSIP: 03846JAA8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     2741000 | PA      | $2693882.21   | 1.86%             | 2026-02-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| REP OF ANGOLA(AVENIR IS)                  | Republic of Angola Via Avenir Issuer II Ireland DAC  | CUSIP: 000000000<br>LEI: 635400VEZIQKZPR7KU35 | Long             | DBT              | NUSS              | IE        |     1182857 | PA      | $1109454.94   | 0.77%             | 2027-02-19      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -754035 | PA      | $-754035.05   | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF CAMEROON                      | Republic of Cameroon International Bond              | CUSIP: 000000000<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |     3882000 | PA      | $3564025.38   | 2.46%             | 2031-07-31      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                        | Ukraine Government International Bond                | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     8298000 | PA      | $4045275.00   | 2.80%             | 2034-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1160443 | PA      | $-1160442.54  | -0.80%            |  |  |  | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE                  | Provincia de Buenos Aires/Government Bonds           | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |     4677214 | PA      | $3369558.44   | 2.33%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                       | Nigeria Government International Bond                | CUSIP: 65412JAR4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     2743000 | PA      | $2543282.17   | 1.76%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                           | IHS Holding Ltd                                      | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      800000 | PA      | $795248.00    | 0.55%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT                        | Bolivian Government International Bond               | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |     4100000 | PA      | $2736750.00   | 1.89%             | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                         | Kosmos Energy Ltd                                    | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |      600000 | PA      | $521148.00    | 0.36%             | 2027-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                        | Angolan Government International Bond                | CUSIP: 035198AB6<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      808000 | PA      | $726594.00    | 0.50%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | JPM                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1681983 | PA      | $-1681983.23  | -1.16%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                       | Petroleos Mexicanos                                  | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     5232000 | PA      | $5295778.08   | 3.66%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                       | Petroleos Mexicanos                                  | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      293000 | PA      | $255745.05    | 0.18%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                       | Petroleos Mexicanos                                  | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     4621000 | PA      | $3402904.40   | 2.35%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                    | Gran Tierra Energy Inc                               | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |     3445000 | PA      | $2411500.00   | 1.67%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                         | Republic of Kenya Government International Bond      | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     2900000 | PA      | $2644800.00   | 1.83%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                       | Turkiye Government International Bond                | CUSIP: 900123DF4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     1297000 | PA      | $1406025.82   | 0.97%             | 2028-01-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                    | Egypt Government International Bond                  | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      246000 | PA      | $251039.48    | 0.17%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                      | Colombian TES                                        | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  6600000000 | PA      | $1431092.06   | 0.99%             | 2028-04-28      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OHI GROUP SA                              | OHI Group SA                                         | CUSIP: 67712MAB5<br>LEI: 529900GW2J8DSYJHEH26 | Long             | DBT              | CORP              | LU        |     1374000 | PA      | $1388839.20   | 0.96%             | 2029-07-22      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-22

**Name of Applicant:** Virtus Stone Harbor Emerging Markets Income Fund

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer