# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-25-013939
**Filing Date:** 2025-12
**Character Count:** 132915
**Document Hash:** 816c283e1c00045195f6ea3eea9178fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-013939.hdr.sgml**: 20251219

**ACCESSION NUMBER**: 0000940400-25-013939

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251219

**DATE AS OF CHANGE**: 20251219

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 251587221

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Emerging Markets Corporate Bond Fund (Series ID: S000042522)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000131551 | Payden Emerging Markets Corporate Bond Fund (Investor Class) | PYCEX           |
| C000136209 | Payden Emerging Markets Corporate Bond Fund (SI Class)       | PYCIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Emerging Markets Corporate Bond Fund

- **b. EDGAR series identifier (if any):** S000042522

- **c. LEI of Series:** 549300YZ4XY581C25P40

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

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

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $94316830.64

**Total Liabilities:** $5192651.45

**Net Assets:** $89124179.19

**Delayed Delivery Securities:** $200000.00

**Cash Not Reported:** $512000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3.00000000 | **1-Year:** 71.00000000 | **5-Year:** 2539.00000000 | **10-Year:** 5996.00000000 | **30-Year:** 11821.00000000

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

- **3-Month:** 5.00000000 | **1-Year:** 122.00000000 | **5-Year:** 5495.00000000 | **10-Year:** 10824.00000000 | **30-Year:** 7679.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131551 | 1.37%                | 1.01%                | 0.34%                |
| Class ID C000136209 | 1.37%                | 1.02%                | 0.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-176968.09              | $900958.13                                 |
| Month 2  | $-227137.23              | $599945.36                                 |
| Month 3  | $-296891.36              | $44127.51                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HSBC SECURITIES (USA) INC.                     | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $1084.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                   | CHF/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $4431.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AXIAN TELE HOLD PLC                            | Axian Telecom Holding & Management PLC                                           | CUSIP: 05465QAA7<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |     200000 | PA      | $202165.44    | 0.23%             | 2030-07-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG                       | Abu Dhabi National Energy Co PJSC                                                | CUSIP: 00388WAP6<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |     200000 | PA      | $199121.59    | 0.22%             | 2037-03-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MEITUAN                                        | Meituan                                                                          | CUSIP: 58533EAJ2<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |     355000 | PA      | $355580.20    | 0.40%             | 2035-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SWEIHAN PV POWER CO PJSC                       | Sweihan PV Power Co PJSC                                                         | CUSIP: 000000000<br>LEI: 353800EF1E1IC18GBC48 | Long             | DBT              | CORP              | AE        |     293152 | PA      | $251864.84    | 0.28%             | 2049-01-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| OFFICE CHERIFIEN DES PHO                       | OCP SA                                                                           | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     200000 | PA      | $209553.30    | 0.24%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| AYDEM YENILENEBILIR ENER                       | Aydem Yenilenebilir Enerji AS                                                    | CUSIP: 054644AB5<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |     430000 | PA      | $424541.09    | 0.48%             | 2030-09-30      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CIA DE MINAS BUENAVENTUR                       | Cia de Minas Buenaventura SAA                                                    | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |     600000 | PA      | $625500.00    | 0.70%             | 2032-02-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| ALFA DESARROLLO SPA                            | Alfa Desarrollo SpA                                                              | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |     620221 | PA      | $509973.78    | 0.57%             | 2051-09-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| COMETA ENERGIA SA                              | Cometa Energia SA de CV                                                          | CUSIP: 20039FAA7<br>LEI: 5493007L8UH7TYXKI505 | Long             | DBT              | CORP              | MX        |     189500 | PA      | $197400.44    | 0.22%             | 2035-04-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                       | Greensaif Pipelines Bidco Sarl                                                   | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $210903.23    | 0.24%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | PHP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $8169.87      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                       | OCP SA                                                                           | CUSIP: 67091TAJ4<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     200000 | PA      | $215780.93    | 0.24%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                             | Saavi Energia Sarl                                                               | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |     736000 | PA      | $792120.00    | 0.89%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                            | Shriram Finance Ltd                                                              | CUSIP: 82556FAB8<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |     210000 | PA      | $215694.99    | 0.24%             | 2028-04-03      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                       | Viking Baked Goods Acquisition Corp                                              | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |     625000 | PA      | $628665.63    | 0.71%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                            | Petroleos Mexicanos                                                              | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     235000 | PA      | $213308.44    | 0.24%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                           | YPF SA                                                                           | CUSIP: 984245AY6<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     215000 | PA      | $221400.98    | 0.25%             | 2031-09-11      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                       | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAA8<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     215000 | PA      | $212710.25    | 0.24%             | 2035-12-10      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| VTR COMUNICACIONES SPA                         | VTR Comunicaciones SpA                                                           | CUSIP: 918367AA1<br>LEI: 213800XDZJKMC1AEUV94 | Long             | DBT              | CORP              | CL        |     415000 | PA      | $403925.73    | 0.45%             | 2028-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DEL PERU                        | Banco Internacional del Peru SAA Interbank                                       | CUSIP: 05968DAG5<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |     750000 | PA      | $775350.00    | 0.87%             | 2035-04-30      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                            | CSN Inova Ventures                                                               | CUSIP: 12642KAB0<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |     610000 | PA      | $567098.21    | 0.64%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-9805.48     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SILK ROAD GROUP HOLDING                        | Silk Road Group Holding LLC                                                      | CUSIP: 82710NAA6<br>LEI: 254900J9KTY8FE4C8227 | Long             | DBT              | CORP              | GE        |     200000 | PA      | $200567.20    | 0.23%             | 2030-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MINERA MEXICO SA DE CV                         | Minera Mexico SA de CV                                                           | CUSIP: 60284MAC6<br>LEI: 2549005BMA2EK49I0T98 | Long             | DBT              | CORP              | MX        |     485000 | PA      | $504885.00    | 0.57%             | 2032-02-12      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ARCOR SAIC                                     | Arcor SAIC                                                                       | CUSIP: 03965PAE1<br>LEI: 529900B2ROYOJG45VO88 | Long             | DBT              | CORP              | AR        |     210000 | PA      | $214095.00    | 0.24%             | 2033-07-31      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC                       | Saks Global Enterprises LLC                                                      | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |     107500 | PA      | $24993.75     | 0.03%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                           | Telecom Argentina SA                                                             | CUSIP: 879273AU4<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     270000 | PA      | $281367.00    | 0.32%             | 2031-07-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                         | Power Finance Corp Ltd                                                           | CUSIP: 73928QAB4<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |     430000 | PA      | $419349.13    | 0.47%             | 2030-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LTD                          | DP World Crescent Ltd                                                            | CUSIP: 26139PAB9<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $202463.00    | 0.23%             | 2028-09-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                         | Anglo American Capital PLC                                                       | CUSIP: 034863AR1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |     315000 | PA      | $317265.42    | 0.36%             | 2027-04-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                            | Muthoot Finance Ltd                                                              | CUSIP: 62828L2D4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $203063.22    | 0.23%             | 2029-04-23      | Fixed         | 6.38%                 | 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        |    2500000 | PA      | $409302.06    | 0.46%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US 2YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         41 | NC      | $-20640.22    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                         | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DP6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |     200000 | PA      | $205250.20    | 0.23%             | N/A             | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                | Sands China Ltd                                                                  | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |     270000 | PA      | $275957.28    | 0.31%             | 2028-08-08      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HLDGS                           | Country Garden Holdings Co Ltd                                                   | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $19764.00     | 0.02%             | 2027-01-14      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      10219 | PA      | $219.71       | 0.00%             | 2028-12-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                        | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |     300000 | PA      | $306728.10    | 0.34%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NIAGARA ENERGY SAC                             | Niagara Energy SAC                                                               | CUSIP: 65345YAA0<br>LEI: 254900V9UGCG42YQ6848 | Long             | DBT              | CORP              | PE        |     625000 | PA      | $644104.48    | 0.72%             | 2034-10-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LIMAK CIMENTO SANAYI                           | Limak Cimento Sanayi ve Ticaret AS                                               | CUSIP: 53263AAA6<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |     455000 | PA      | $468097.07    | 0.53%             | 2029-07-25      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ONGC VIDESH VANKORNEFT                         | ONGC Videsh Vankorneft Pte Ltd                                                   | CUSIP: 000000000<br>LEI: 254900FXH0X0S4UIS503 | Long             | DBT              | CORP              | SG        |     200000 | PA      | $199047.58    | 0.22%             | 2026-07-27      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WINTRUST FINANCIAL CORP                        | Wintrust Financial Corp                                                          | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |       8000 | NS      | $210000.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BANC CREDITO INVERSIONES                       | Banco de Credito e Inversiones SA                                                | CUSIP: 05956NAF9<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $210952.00    | 0.24%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-2756.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                     | Allianz SE                                                                       | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |     400000 | PA      | $415511.60    | 0.47%             | N/A             | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                                   | Comerica Inc                                                                     | CUSIP: 200340701<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EP               | CORP              | US        |       8000 | NS      | $205280.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VERSANT MEDIA GROUP INC                        | Versant Media Group Inc                                                          | CUSIP: 925283AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     160000 | PA      | $163192.34    | 0.18%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust 2025-VLT7                                                               | CUSIP: 123913AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     200000 | PA      | $201807.00    | 0.23%             | 2044-07-15      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                           | Telecom Argentina SA                                                             | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     585000 | PA      | $596217.38    | 0.67%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TURKIYE GARANTI BANKASI                        | Turkiye Garanti Bankasi AS                                                       | CUSIP: 900148AJ6<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |     370000 | PA      | $371584.77    | 0.42%             | 2036-04-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      30659 | PA      | $561.43       | 0.00%             | 2031-12-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALICORP SAA                                    | Alicorp SAA                                                                      | CUSIP: 016234AE6<br>LEI: 549300Z1XH47TTIIJS11 | Long             | DBT              | CORP              | PE        |    1400000 | PA      | $421750.57    | 0.47%             | 2032-06-16      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| COLBUN SA                                      | Colbun SA                                                                        | CUSIP: 192714AE3<br>LEI: 5493003VQJLE2QB8IF36 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $184072.74    | 0.21%             | 2032-01-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| NORTH HAVEN PRIVATE INC                        | North Haven Private Income Fund LLC                                              | CUSIP: 65960NAC4<br>LEI: 2549002BFPESF1EH2765 | Long             | DBT              | CORP              | US        |     100000 | PA      | $99394.62     | 0.11%             | 2028-09-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                   | USD/HUF FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-866.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      13626 | PA      | $85.16        | 0.00%             | 2028-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CIMKO CIMENTO AS                               | Cimko Cimento Ve Beton Sanayi Ve Ticaret AS                                      | CUSIP: 17186DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | TR        |     200000 | PA      | $209773.46    | 0.24%             | 2030-05-21      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| OLEODUCTO CENTRAL SA                           | Oleoducto Central SA                                                             | CUSIP: 680617AC1<br>LEI: 254900W4CPYCQFVH5E92 | Long             | DBT              | CORP              | CO        |     585000 | PA      | $576421.33    | 0.65%             | 2027-07-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER MEXICO                         | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | CUSIP: 05969BAC7<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | DBT              | CORP              | MX        |     800000 | PA      | $859975.20    | 0.96%             | 2028-10-01      | Fixed         | 7.53%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC                         | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAB7<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |     485000 | PA      | $519770.27    | 0.58%             | 2040-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                          | Minerva Luxembourg SA                                                            | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |     510000 | PA      | $470701.03    | 0.53%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| SURA ASSET MANAGEMENT                          | SURA Asset Management SA                                                         | CUSIP: 78486LAB8<br>LEI: 549300013ETMS1C0EA22 | Long             | DBT              | CORP              | CO        |     200000 | PA      | $214594.31    | 0.24%             | 2032-05-13      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Avenue of Americas                             | 1301 Trust 2025-AOA                                                              | CUSIP: 682461AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     130000 | PA      | $132204.49    | 0.15%             | 2042-08-11      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| AEROPUERTO INTL TOCUMEN                        | Aeropuerto Internacional de Tocumen SA                                           | CUSIP: 00787CAD4<br>LEI: 254900FO1PHX49ZIGB14 | Long             | DBT              | CORP              | PA        |     620000 | PA      | $517014.90    | 0.58%             | 2041-08-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                         | Anglo American Capital PLC                                                       | CUSIP: 034863BD1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $207668.35    | 0.23%             | 2033-05-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US 10YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -11 | NC      | $-4850.12     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| AFRICELL HOLDING LTD                           | Africell Holding Ltd                                                             | CUSIP: 00833NAA0<br>LEI: 984500JFB7AFK4B6C829 | Long             | DBT              | CORP              | JE        |     200000 | PA      | $199536.59    | 0.22%             | 2029-10-23      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| YAPI VE KREDI BANKASI AS                       | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 984848AS0<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |     245000 | PA      | $257793.27    | 0.29%             | N/A             | Fixed         | 9.74%                 | No            |                  2 | On Loan: No      |
| DP WORLD LTD UAE                               | DP World Ltd/United Arab Emirates                                                | CUSIP: 23330JAB7<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |     200000 | PA      | $200725.22    | 0.23%             | 2048-09-25      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| EMIRATES SEMBCORP WATER                        | Emirates Semb Corp Water & Power Co PJSC                                         | CUSIP: 29135EAA4<br>LEI: 213800FF7EXWECXGTO26 | Long             | DBT              | CORP              | AE        |     280000 | PA      | $271233.90    | 0.30%             | 2035-08-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE                         | Medco Cypress Tree Pte Ltd                                                       | CUSIP: 58406VAA7<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | CORP              | SG        |     315000 | PA      | $334147.19    | 0.37%             | 2030-05-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ADECOAGRO SA                                   | Adecoagro SA                                                                     | CUSIP: 00676LAC0<br>LEI: 529900Q00UR5LFELO811 | Long             | DBT              | CORP              | LU        |     125000 | PA      | $118256.25    | 0.13%             | 2032-07-29      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                           | Kallpa Generacion SA                                                             | CUSIP: 48344FAC4<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |     295000 | PA      | $297551.75    | 0.33%             | 2035-09-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                | Sands China Ltd                                                                  | CUSIP: 80007RAK1<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |     255000 | PA      | $255124.19    | 0.29%             | 2026-01-08      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                               | Grupo Nutresa SA                                                                 | CUSIP: 40055CAA1<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |     455000 | PA      | $489466.25    | 0.55%             | 2030-05-12      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INFRAESTRUCTURA ENERGETI                       | Infraestructura Energetica Nova SAPI de CV                                       | CUSIP: 456829AC4<br>LEI: 715K4H1JYF3O6JOK1411 | Long             | DBT              | CORP              | MX        |     280000 | PA      | $217672.76    | 0.24%             | 2051-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                | CDS PETROLEOS MEXICANOS                                                          | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-27050.56    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                        | Energean Israel Finance Ltd                                                      | CUSIP: 29290WAA5<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     210000 | PA      | $224330.23    | 0.25%             | 2033-09-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                            | Banco Davivienda SA                                                              | CUSIP: 059501AG1<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |     400000 | PA      | $413584.85    | 0.46%             | 2035-07-02      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PT SORIK MAR GEO POW                           | Sorik Marapi Geothermal Power PT                                                 | CUSIP: 74390TAA7<br>LEI: 254900OW9VKG09S8C597 | Long             | DBT              | CORP              | ID        |     192060 | PA      | $197341.65    | 0.22%             | 2031-08-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                          | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      50798 | PA      | $44395.04     | 0.05%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| NBM US HOLDINGS INC                            | NBM US Holdings Inc                                                              | CUSIP: 62877VAA9<br>LEI: 5493008K1QMSP0J8UC24 | Long             | DBT              | CORP              | US        |     200000 | PA      | $199710.56    | 0.22%             | 2026-05-14      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VEON MIDCO BV                                  | Veon Midco BV                                                                    | CUSIP: 000000000<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $187916.49    | 0.21%             | 2027-11-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                       | Navoi Mining & Metallurgical Combinat                                            | CUSIP: 63890CAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |     335000 | PA      | $353618.66    | 0.40%             | 2030-05-14      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                      | Prosus NV                                                                        | CUSIP: 74365PAJ7<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     500000 | PA      | $410399.04    | 0.46%             | 2052-01-19      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL INDUSTRIAS                          | SAN Miguel Industrias Pet SA / NG PET R&P Latin America SA                       | CUSIP: 79911QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     200000 | PA      | $191154.00    | 0.21%             | 2028-08-02      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                       | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    6900000 | PA      | $402055.39    | 0.45%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                   | USD/PEN FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-8205.09     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STATE BANK INDIA/LONDON                        | State Bank of India/London                                                       | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $202423.24    | 0.23%             | 2028-05-05      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DAR AL-ARKAN SUKUK CO LT                       | Dar Al-Arkan Sukuk Co Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000UYHRBXEIYUQ69 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $201025.50    | 0.23%             | 2026-02-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                          | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $201474.00    | 0.23%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                           | Las Vegas Sands Corp                                                             | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     250000 | PA      | $255685.17    | 0.29%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                        | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     200000 | PA      | $200746.68    | 0.23%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                           | Kallpa Generacion SA                                                             | CUSIP: 48344FAB6<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |     280000 | PA      | $294028.00    | 0.33%             | 2032-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIBERTY COSTA RICA SR SF                       | Liberty Costa Rica Senior Secured Finance                                        | CUSIP: 530371AA1<br>LEI: 549300W6O2PHTPCYQ751 | Long             | DBT              | CORP              | KY        |     360000 | PA      | $381105.00    | 0.43%             | 2031-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                       | Phoenix Aviation Capital Ltd                                                     | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |     200000 | PA      | $210867.40    | 0.24%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| LIMAK YENILENEBILIR                            | Limak Yenilenebilir Enerji AS                                                    | CUSIP: 53263MAA0<br>LEI: 789000WFO2FHRONHFN18 | Long             | DBT              | CORP              | TR        |     205000 | PA      | $202826.22    | 0.23%             | 2030-08-12      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      20439 | PA      | $381.54       | 0.00%             | 2030-12-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         -3 | NC      | $-4135.26     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     200000 | PA      | $201131.24    | 0.23%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                               | Grupo Nutresa SA                                                                 | CUSIP: 40055CAB9<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |     525000 | PA      | $597056.25    | 0.67%             | 2035-05-12      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TRINIDAD GEN UNLTD                             | Trinidad Generation UnLtd                                                        | CUSIP: 89636DAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | TT        |     400000 | PA      | $419486.00    | 0.47%             | 2033-06-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| FERMACA ENTERPRISES S RL                       | Fermaca Enterprises S de RL de CV                                                | CUSIP: 31503AAA2<br>LEI: 549300HYMZDEHWD3X752 | Long             | DBT              | CORP              | MX        |     516369 | PA      | $525480.36    | 0.59%             | 2038-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                       | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 173074TR6<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |   20990000 | PA      | $409445.54    | 0.46%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SWEIHAN PV POWER CO PJSC                       | Sweihan PV Power Co PJSC                                                         | CUSIP: 870674AA6<br>LEI: 353800EF1E1IC18GBC48 | Long             | DBT              | CORP              | AE        |     283991 | PA      | $243994.06    | 0.27%             | 2049-01-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                           | Samarco Mineracao SA                                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     867431 | PA      | $867962.47    | 0.97%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                         | Mexico City Airport Trust                                                        | CUSIP: 59284MAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     255000 | PA      | $224639.70    | 0.25%             | 2047-07-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                        | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     215000 | PA      | $211909.38    | 0.24%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCOTIABANK PERU SA                             | Scotiabank Peru SAA                                                              | CUSIP: 80928HAB9<br>LEI: 5493001E54CPRG5J5Q41 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $208100.00    | 0.23%             | 2035-10-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                   | USD/IDR FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $12.62        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | IRS MXN                                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |          1 | NC      | $3107.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       8516 | PA      | $63.87        | 0.00%             | 2027-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                       | Lima Metro Line 2 Finance Ltd                                                    | CUSIP: 532522AA7<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |     186790 | PA      | $193996.80    | 0.22%             | 2034-07-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                       | First Quantum Minerals Ltd                                                       | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     985000 | PA      | $1032817.81   | 1.16%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SOCIEDAD DE TRANSMISION                        | Sociedad de Transmision Austral SA                                               | CUSIP: 83364AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |     225000 | PA      | $213923.03    | 0.24%             | 2032-01-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                               | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     425000 | PA      | $416838.09    | 0.47%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                           | Saudi Arabian Oil Co                                                             | CUSIP: 80414L2Q7<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     420000 | PA      | $419853.00    | 0.47%             | 2064-07-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHILE ELEC PEC SPA                             | Chile Electricity PEC SpA                                                        | CUSIP: 168831AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |     809356 | PA      | $728380.08    | 0.82%             | 2028-01-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       6813 | PA      | $85.16        | 0.00%             | 2026-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEXICO GENERADORA DE ENE                       | Mexico Generadora de Energia S de rl                                             | CUSIP: 592838AA4<br>LEI: 635400GBINBYW1VUAD14 | Long             | DBT              | CORP              | MX        |     153605 | PA      | $157213.54    | 0.18%             | 2032-12-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| UKRAINE GOVERNMENT                             | Ukraine Government International Bond                                            | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      36175 | PA      | $20170.74     | 0.02%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                         | Northern Oil & Gas Inc                                                           | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |      95000 | PA      | $92611.00     | 0.10%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                       | African Development Bank                                                         | CUSIP: 008281BK2<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | N/A       |     200000 | PA      | $200527.54    | 0.22%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                         | Engie Energia Chile SA                                                           | CUSIP: 29287TAB5<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $213563.80    | 0.24%             | 2034-04-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                 | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $209692.60    | 0.24%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                          | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $210656.40    | 0.24%             | 2032-04-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                        | America Movil SAB de CV                                                          | CUSIP: 02364WBK0<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $201454.40    | 0.23%             | 2032-07-21      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                       | First Quantum Minerals Ltd                                                       | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     200000 | PA      | $212806.60    | 0.24%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FIEMEX ENERGIA - BANC AC                       | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple                 | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     609162 | PA      | $645327.99    | 0.72%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                            | Avianca Midco 2 PLC                                                              | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     295000 | PA      | $292965.98    | 0.33%             | 2030-02-14      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI                       | Terraform Global Operating LP                                                    | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |     298000 | PA      | $296300.48    | 0.33%             | 2026-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                          | Huntington Bancshares Inc/OH                                                     | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     300000 | PA      | $297588.63    | 0.33%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                   | AES Andes SA                                                                     | CUSIP: 00111VAA5<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |     605000 | PA      | $626821.75    | 0.70%             | 2029-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                         | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 05533UAF5<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |     660000 | PA      | $653492.40    | 0.73%             | 2033-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                       | Corp Financiera de Desarrollo SA                                                 | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |     400000 | PA      | $411188.00    | 0.46%             | 2030-05-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       6813 | PA      | $187.36       | 0.00%             | 2027-12-28      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| FIBRA SOMA TRUST F/6185                        | Fibra Soma Trust F/6185                                                          | CUSIP: 171653AA6<br>LEI: 549300PN33H8IMG2PD83 | Long             | DBT              | CORP              | MX        |     440000 | PA      | $384594.41    | 0.43%             | 2031-07-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRANSMANTARO                                   | Consorcio Transmantaro SA                                                        | CUSIP: 210314AB6<br>LEI: 549300NL65DC6HVEJX96 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $198331.16    | 0.22%             | 2034-04-16      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                | Antofagasta PLC                                                                  | CUSIP: 03718NAC0<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $215556.40    | 0.24%             | 2034-05-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                               | SBL Holdings Inc                                                                 | CUSIP: 78397DAD0<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |     300000 | PA      | $293219.40    | 0.33%             | 2034-10-30      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AN7<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |     315000 | PA      | $313725.86    | 0.35%             | 2028-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                        | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     295000 | PA      | $306579.34    | 0.34%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EMIRATES SEMBCORP WATER                        | Emirates Semb Corp Water & Power Co PJSC                                         | CUSIP: 000000000<br>LEI: 213800FF7EXWECXGTO26 | Long             | DBT              | CORP              | AE        |     210000 | PA      | $203425.43    | 0.23%             | 2035-08-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                 | Wynn Macau Ltd                                                                   | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |     410000 | PA      | $413457.53    | 0.46%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                          | MAF Global Securities Ltd                                                        | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |    1300000 | PA      | $1348161.10   | 1.51%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                       | Volcan Cia Minera SAA                                                            | CUSIP: 92863UAD8<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     210000 | PA      | $213318.00    | 0.24%             | 2032-10-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                               | Guara Norte Sarl                                                                 | CUSIP: 400666AA1<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | LU        |     165182 | PA      | $162882.60    | 0.18%             | 2034-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BIOCEANICO SOVEREIGN                           | Bioceanico Sovereign Certificate Ltd                                             | CUSIP: 09076AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     307071 | PA      | $252642.80    | 0.28%             | 2034-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                        | American Electric Power Co Inc                                                   | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     200000 | PA      | $200545.20    | 0.23%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| HUNT OIL CO OF PERU                            | Hunt Oil Co of Peru LLC Sucursal Del Peru                                        | CUSIP: 445640AD7<br>LEI: 549300SVO0550J3IKN50 | Long             | DBT              | CORP              | PE        |     400000 | PA      | $444244.00    | 0.50%             | 2038-11-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                             | Ukraine Government International Bond                                            | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       5646 | PA      | $2993.01      | 0.00%             | 2030-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                        | Hungary Government Bond                                                          | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |  387000000 | PA      | $819871.43    | 0.92%             | 2034-06-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INTERCORP PERU LTD                             | Intercorp Peru Ltd                                                               | CUSIP: 458652AB0<br>LEI: 549300L0OFVSOE4NSY75 | Long             | DBT              | CORP              | BS        |    1050000 | PA      | $1023198.75   | 1.15%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                         | Mexico City Airport Trust                                                        | CUSIP: 59284MAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     200000 | PA      | $177371.38    | 0.20%             | 2046-10-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAS PENOLES SAB D                       | Industrias Penoles SAB de CV                                                     | CUSIP: 456472AC3<br>LEI: 549300WA2HB7776CB324 | Long             | DBT              | CORP              | MX        |     230000 | PA      | $218025.30    | 0.24%             | 2049-09-12      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                           | Raizen Fuels Finance SA                                                          | CUSIP: 75102XAB2<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     285000 | PA      | $242784.38    | 0.27%             | 2034-03-05      | Fixed         | 6.45%                 | No            |                  2 | On Loan: —       |
| YPF SOCIEDAD ANONIMA                           | YPF SA                                                                           | CUSIP: 984245BB5<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     220000 | PA      | $222014.32    | 0.25%             | 2034-01-17      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                       | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     400000 | PA      | $418845.20    | 0.47%             | N/A             | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2025-SBX Mortgage Trust                                                     | CUSIP: 20047UAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     200000 | PA      | $201153.36    | 0.23%             | 2041-08-10      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                            | Petroleos Mexicanos                                                              | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     810000 | PA      | $809811.92    | 0.91%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                              | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAJ0<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     270000 | PA      | $279330.08    | 0.31%             | 2028-06-03      | Fixed         | 10.25%                | No            |                  2 | On Loan: —       |
| PLUSPETROL CAM/PLUS LOTE                       | Pluspetrol Camisea SA / Pluspetrol Lote 56 SA                                    | CUSIP: 72941KAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     420000 | PA      | $450053.10    | 0.50%             | 2036-07-03      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| MONTEGO BAY AIRPORT REVE                       | Montego Bay Airport Revenue Finance Ltd                                          | CUSIP: 61238BAA9<br>LEI: 2549008BQQ5ON8H2UC19 | Long             | DBT              | CORP              | KY        |     425000 | PA      | $421453.38    | 0.47%             | 2035-06-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                       | Shimao Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |      64824 | PA      | $2430.90      | 0.00%             | 2031-07-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                               | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     200000 | PA      | $198372.54    | 0.22%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUX II SRL                       | Tierra Mojada Luxembourg II Sarl                                                 | CUSIP: 30260LAA3<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |     435317 | PA      | $427967.34    | 0.48%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                        | American Electric Power Co Inc                                                   | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     100000 | PA      | $101352.50    | 0.11%             | 2056-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ENERGO PRO AS                                  | Energo - Pro as                                                                  | CUSIP: 000000000<br>LEI: 315700IQCL9IX158RO36 | Long             | DBT              | CORP              | CZ        |     310000 | PA      | $379735.13    | 0.43%             | 2030-05-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                          | GC Treasury Center Co Ltd                                                        | CUSIP: 36830AAD9<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |     200000 | PA      | $207073.43    | 0.23%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                        | America Movil SAB de CV                                                          | CUSIP: 02364WBH7<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     245000 | PA      | $239890.01    | 0.27%             | 2029-04-22      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                           | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |     225000 | PA      | $269413.77    | 0.30%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                  | DTE Energy Co                                                                    | CUSIP: 233331792<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |       8000 | NS      | $201120.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DE CREDITO DEL PER                       | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971U2H9<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     460000 | PA      | $464508.00    | 0.52%             | 2035-03-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: —       |
| COREWEAVE INC                                  | CoreWeave Inc                                                                    | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     525000 | PA      | $527191.88    | 0.59%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                             | Ukraine Government International Bond                                            | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      21097 | PA      | $8829.98      | 0.01%             | 2034-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                     | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     160000 | PA      | $165995.36    | 0.19%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP                             | Czechoslovak Group AS                                                            | CUSIP: 000000000<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |     200000 | PA      | $206920.88    | 0.23%             | 2031-01-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                | IHS Holding Ltd                                                                  | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     790000 | PA      | $807335.45    | 0.91%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                           | Stillwater Mining Co                                                             | CUSIP: 86074QAP7<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |     240000 | PA      | $237701.15    | 0.27%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       5109 | PA      | $114.95       | 0.00%             | 2025-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                       | AI Candelaria -spain- SA                                                         | CUSIP: 001355AA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |     292499 | PA      | $295853.75    | 0.33%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                          | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAE9<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $199532.78    | 0.22%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      32134 | PA      | $200.84       | 0.00%             | 2032-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRANSPORT DE GAS PERU                          | Transportadora de Gas del Peru SA                                                | CUSIP: 89388AAA0<br>LEI: 529900SKHHNI5HVI0Y66 | Long             | DBT              | CORP              | PE        |     198000 | PA      | $198396.59    | 0.22%             | 2028-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKM                       | Indofood CBP Sukses Makmur Tbk PT                                                | CUSIP: 000000000<br>LEI: 254900YKZW9GRKZZN285 | Long             | DBT              | CORP              | ID        |     220000 | PA      | $206960.04    | 0.23%             | 2031-06-09      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MTN MAURITIUS INVSTMENTS                       | MTN Mauritius Investments Ltd                                                    | CUSIP: 55377XAB2<br>LEI: 2549009PQD415OQIR074 | Long             | DBT              | CORP              | MU        |     200000 | PA      | $202397.50    | 0.23%             | 2026-10-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| M&T BANK CORPORATION                           | M&T Bank Corp                                                                    | CUSIP: 55261F849<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |       8000 | NS      | $199520.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                        | EIG Pearl Holdings Sarl                                                          | CUSIP: 000000000<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $167828.20    | 0.19%             | 2046-11-30      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| CORPORACION INMOBILIARIA                       | Corp Inmobiliaria Vesta SAB de CV                                                | CUSIP: 21989DAB8<br>LEI: 4469000001BIRIFZJ959 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $203050.00    | 0.23%             | 2033-01-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund         | Payden Cash Reserves Money Market Fund                                           | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |    8203665 | NS      | $8203664.56   | 9.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      17033 | PA      | $106.46       | 0.00%             | 2031-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIMAK ISKENDERUN                               | Limak Iskenderun Uluslararasi Liman Isletmeciligi AS                             | CUSIP: 53263TAA5<br>LEI: 5299001DUZ9PI7TCRC47 | Long             | DBT              | CORP              | TR        |     207906 | PA      | $211417.16    | 0.24%             | 2036-07-10      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                       | Banco de Credito e Inversiones SA                                                | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     340000 | PA      | $365904.60    | 0.41%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ICICI BANK LTD/DUBAI                           | ICICI Bank Ltd/Dubai                                                             | CUSIP: 45112EAG4<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $199699.93    | 0.22%             | 2026-03-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                          | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      23805 | PA      | $21807.47     | 0.02%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| EL PUERTO DE LIVERPOOL                         | El Puerto de Liverpool SAB de CV                                                 | CUSIP: 283837AC6<br>LEI: 4469000001BO4JEXZL32 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $212871.40    | 0.24%             | 2032-01-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                       | Navoi Mining & Metallurgical Combinat                                            | CUSIP: 63890CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |     200000 | PA      | $208391.76    | 0.23%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                             | Ukraine Government International Bond                                            | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      17829 | PA      | $9154.12      | 0.01%             | 2035-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| VTR COMUNICACIONES SPA                         | VTR Comunicaciones SpA                                                           | CUSIP: 918367AC7<br>LEI: 213800XDZJKMC1AEUV94 | Long             | DBT              | CORP              | CL        |     400000 | PA      | $373000.00    | 0.42%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BOROO INVESTMENTS                              | Boroo Investments Pte Ltd                                                        | CUSIP: 10001AAA3<br>LEI: 254900NL0ALM1NCHOQ65 | Long             | DBT              | CORP              | SG        |     200000 | PA      | $188500.00    | 0.21%             | 2032-08-07      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| MINEJESA CAPITAL BV                            | Minejesa Capital BV                                                              | CUSIP: 602736AA8<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |     363196 | PA      | $363014.33    | 0.41%             | 2030-08-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| KONDOR FINANCE PLC (NAK)                       | NAK Naftogaz Ukraine via Kondor Finance PLC                                      | CUSIP: 50050MAB1<br>LEI: 213800PUC1T9GI6EIO63 | Long             | DBT              | CORP              | GB        |     233512 | PA      | $183318.02    | 0.21%             | 2028-11-08      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                            | Hotwire Funding LLC                                                              | CUSIP: 44148JAM1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |     750000 | PA      | $781279.95    | 0.88%             | 2054-06-20      | Fixed         | 9.19%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                          | Chile Electricity Lux Mpc II Sarl                                                | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     215051 | PA      | $221567.15    | 0.25%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                       | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 173074TE5<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |   11815000 | PA      | $230471.61    | 0.26%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      28727 | PA      | $386.57       | 0.00%             | 2032-12-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne                 | Oak Street Investment Grade Net Lease Fund Series 2020-1                         | CUSIP: 67181DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      99042 | PA      | $86878.77     | 0.10%             | 2050-11-20      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| VARANASI AURA NH-2 TOLL                        | Varanasi Aurangabad Nh-2 Tollway Pvt Ltd                                         | CUSIP: 92213HAA0<br>LEI: 335800WU93PC1E28MY29 | Long             | DBT              | CORP              | IN        |     399000 | PA      | $418515.88    | 0.47%             | 2034-02-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                       | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 173074YC3<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |  335000000 | PA      | $225627.87    | 0.25%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                          | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      47630 | PA      | $44117.07     | 0.05%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| CONTINUUM GRN SPV CO-ISS                       | Continuum Green Energy India Pvt / Co-Issuers                                    | CUSIP: 89629LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |     197722 | PA      | $208694.10    | 0.23%             | 2033-06-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                        | Reliance Industries Ltd                                                          | CUSIP: 759470AX5<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |     250000 | PA      | $247294.08    | 0.28%             | 2027-11-30      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| STICHTING ADMINISTRATIEKANT NPV ADR            | STICHTING ADMINISTRATIEKANT NPV ADR                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        355 | NS      | $3.55         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MELCO RESORTS FINANCE                          | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $197856.05    | 0.22%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AZUL SECURED FINANCE LLP                       | Azul Secured Finance LLP                                                         | CUSIP: 05501WAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     230000 | PA      | $95677.70     | 0.11%             | 2028-08-28      | Fixed         | 11.93%                | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                              | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $209835.40    | 0.24%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                       | Shimao Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |     176237 | PA      | $8591.55      | 0.01%             | 2026-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                             | Ukraine Government International Bond                                            | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      14858 | PA      | $7619.84      | 0.01%             | 2036-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                           | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 6100000000 | PA      | $386908.00    | 0.43%             | 2033-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                            | Petroleos Mexicanos                                                              | CUSIP: 706451BR1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     535000 | PA      | $493807.68    | 0.55%             | 2038-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $4126.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                           | Unigel Luxembourg SA                                                             | CUSIP: 904752AD4<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | LU        |     111125 | PA      | $8334.41      | 0.01%             | 2028-12-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                 | Santander Bank Auto Credit-Linked Notes Series 2023-A                            | CUSIP: 80290CBX1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      13724 | PA      | $13788.83     | 0.02%             | 2033-06-15      | Fixed         | 10.07%                | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                         | Mexico City Airport Trust                                                        | CUSIP: 59284MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     385000 | PA      | $383843.08    | 0.43%             | 2026-10-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BRF SA                                         | BRF SA                                                                           | CUSIP: 10552TAH0<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |     365000 | PA      | $309682.86    | 0.35%             | 2050-09-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                          | Vale Overseas Ltd                                                                | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |     270000 | PA      | $281554.11    | 0.32%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                       | Eagle Funding Luxco Sarl                                                         | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |     250000 | PA      | $254287.50    | 0.29%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AR8<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |     245000 | PA      | $229074.88    | 0.26%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust 2025-BCAT                                           | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     191657 | PA      | $193120.12    | 0.22%             | 2042-08-15      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AS6<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $209066.60    | 0.23%             | 2032-04-02      | Fixed         | 7.38%                 | 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        |     320000 | PA      | $317599.78    | 0.36%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WEBSTER FINANCIAL CORP                         | Webster Financial Corp                                                           | CUSIP: 947890AK5<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | DBT              | CORP              | US        |     200000 | PA      | $200315.32    | 0.22%             | 2035-09-11      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| CIBANCO SA/PLA ADMIN                           | Cibanco SA Ibm / PLA Administradora Industrial S de RL de CV                     | CUSIP: 17162LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     200000 | PA      | $201278.60    | 0.23%             | 2029-07-18      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| ARIS MINING CORP                               | Aris Mining Corp                                                                 | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |     550000 | PA      | $572398.75    | 0.64%             | 2029-10-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      17033 | PA      | $106.46       | 0.00%             | 2030-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PAMPA ENERGIA SA                               | Pampa Energia SA                                                                 | CUSIP: 697660AF5<br>LEI: 254900QNIK0CVURGML24 | Long             | DBT              | CORP              | AR        |     210000 | PA      | $213108.00    | 0.24%             | 2034-12-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                   | USD/ZAR FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-2733.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                            | Muthoot Finance Ltd                                                              | CUSIP: 62828L2C6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     210000 | PA      | $215070.21    | 0.24%             | 2028-02-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      17033 | PA      | $366.50       | 0.00%             | 2029-12-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                 | Santander Drive Auto Receivables Trust 2023-S1                                   | CUSIP: 80286QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     297038 | PA      | $296882.57    | 0.33%             | 2028-04-18      | Fixed         | 10.40%                | No            |                  2 | On Loan: No      |
| ARD FINANCE SA                                 | ARD Finance SA                                                                   | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |     214763 | PA      | $3221.44      | 0.00%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                         | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL        | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    1335000 | PA      | $1309379.08   | 1.47%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2 | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2                                   | CUSIP: 80287MAD9<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         16 | NS      | $292979.72    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HLDGS                           | Country Garden Holdings Co Ltd                                                   | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |     600000 | PA      | $57360.01     | 0.06%             | 2031-01-12      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ACWA POWER MGMT INVST                          | Acwa Power Management And Investments One Ltd                                    | CUSIP: 005117AA4<br>LEI: 635400M3OWQGQBZOYO38 | Long             | DBT              | CORP              | AE        |     812240 | PA      | $834910.76    | 0.94%             | 2039-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTI                       | Yinson Bergenia Production BV                                                    | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $210161.73    | 0.24%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                          | Minerva Luxembourg SA                                                            | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $218961.68    | 0.25%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US 5YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         -8 | NC      | $3535.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LETRA TESOURO NACIONAL                         | Brazil Letras do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2700000 | PA      | $459930.89    | 0.52%             | 2026-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                           | Raizen Fuels Finance SA                                                          | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $167200.99    | 0.19%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| GDZ ELEKTRIK DAGITIM AS                        | GDZ Elektrik Dagitim AS                                                          | CUSIP: 36270TAA1<br>LEI: 984500B63B5766038A64 | Long             | DBT              | CORP              | TR        |    1000000 | PA      | $981328.97    | 1.10%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                            | Shriram Finance Ltd                                                              | CUSIP: 82556FAA0<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |     250000 | PA      | $256128.00    | 0.29%             | 2027-04-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CON                       | Uzbek Industrial and Construction Bank ATB                                       | CUSIP: 917935AA6<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |     200000 | PA      | $216384.56    | 0.24%             | 2029-07-24      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                                | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $208273.82    | 0.23%             | N/A             | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                            | Braskem Netherlands Finance BV                                                   | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    1690000 | PA      | $681222.10    | 0.76%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                       | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      13626 | PA      | $85.16        | 0.00%             | 2029-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                       | Digicel International Finance Ltd / Difl US LLC                                  | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     400000 | PA      | $398574.19    | 0.45%             | 2032-08-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| NCB FINANCIAL GROUP                            | NCB Financial Group Ltd                                                          | CUSIP: 639935AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | JM        |     200000 | PA      | $198750.00    | 0.22%             | 2030-07-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/MXN FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $4078.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIA TELECOMUNICACIO                       | Colombia Telecomunicaciones SA ESP                                               | CUSIP: 19533PAC4<br>LEI: 549300CK4YN0V1C3MN55 | Long             | DBT              | CORP              | CO        |     535000 | PA      | $481360.90    | 0.54%             | 2030-07-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                   | SK hynix Inc                                                                     | CUSIP: 78392BAF4<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |     400000 | PA      | $443374.18    | 0.50%             | 2033-01-17      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MARB BONDCO PLC                                | MARB BondCo PLC                                                                  | CUSIP: 566007AC4<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |     425000 | PA      | $383982.78    | 0.43%             | 2031-01-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne                 | Oak Street Investment Grade Net Lease Fund Series 2021-1                         | CUSIP: 67190AAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      99125 | PA      | $82483.60     | 0.09%             | 2051-01-20      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                      | Prosus NV                                                                        | CUSIP: 74365PAD0<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     415000 | PA      | $296605.28    | 0.33%             | 2050-08-03      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                       | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971U2K2<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     305000 | PA      | $306994.70    | 0.34%             | 2037-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                       | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 984848AV3<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |     200000 | PA      | $202258.77    | 0.23%             | N/A             | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ARAGVI FINANCE INTL                            | Aragvi Finance International DAC                                                 | CUSIP: 03851RAC8<br>LEI: 635400VKAYT1VT6VBF50 | Long             | DBT              | CORP              | IE        |     200000 | PA      | $199711.69    | 0.22%             | 2029-11-20      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                              | MDGH GMTN RSC Ltd                                                                | CUSIP: 55285GAC8<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |     200000 | PA      | $193591.60    | 0.22%             | 2053-05-22      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| ZORLU ENERJI ELEKTRIK                          | Zorlu Enerji Elektrik Uretim AS                                                  | CUSIP: 98977LAA4<br>LEI: 7890005B5CSNL39OYO75 | Long             | DBT              | CORP              | TR        |     370000 | PA      | $332727.55    | 0.37%             | 2030-04-23      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US ULTRA BOND CBT                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |          7 | NC      | $29108.54     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKIYE GARANTI BANKASI                        | Turkiye Garanti Bankasi AS                                                       | CUSIP: 900148AF4<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |     200000 | PA      | $208241.56    | 0.23%             | 2034-02-28      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NICKEL INDUSTRIES LTD                          | Nickel Industries Ltd                                                            | CUSIP: 653890AB9<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | CORP              | AU        |     200000 | PA      | $207293.01    | 0.23%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| SABLE INTL FINANCE LTD                         | Sable International Finance Ltd                                                  | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |     560000 | PA      | $560885.36    | 0.63%             | 2032-10-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                | Cemex SAB de CV                                                                  | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     500000 | PA      | $520100.00    | 0.58%             | N/A             | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| ENFRAGEN ENERGIA SUR SAU                       | EnfraGen Energia Sur SAU/ EnfraGen Chile SpA/ EnfraGen Spain SAU                 | CUSIP: 29281MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | ES        |     200000 | PA      | $209747.95    | 0.24%             | 2032-06-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NAVOIYURAN                                     | Navoiyuran State Enterprise                                                      | CUSIP: 85679AAA6<br>LEI: 254900ACNT2MA4KNLL55 | Long             | DBT              | CORP              | UZ        |     200000 | PA      | $202481.85    | 0.23%             | 2030-07-02      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PROMIGAS/GASES PACIFICO                        | Promigas SA ESP / Gases del Pacifico SAC                                         | CUSIP: 74348DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     200000 | PA      | $186417.00    | 0.21%             | 2029-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ORAZUL ENERGY PERU SA                          | Orazul Energy Peru SA                                                            | CUSIP: 685948AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     525000 | PA      | $533968.94    | 0.60%             | 2032-09-17      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRUPO ENERGIA BOGOTA                           | Grupo Energia Bogota SA ESP                                                      | CUSIP: 40053XAC3<br>LEI: 529900LG618OWYVHI655 | Long             | DBT              | CORP              | CO        |     250000 | PA      | $248631.25    | 0.28%             | 2035-10-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SAEL LTD GROUP ISSUERS                         | SAEL/SPREPL/SSSPL/JGPEPL/SKREPL/UBEPL                                            | CUSIP: 78637MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |     593712 | PA      | $602051.53    | 0.68%             | 2031-07-31      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                       | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $26143.58     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Azul Secured Finance LLP                       | AZUL SECURED FINANCE LLP                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     200000 | PA      | $204938.00    | 0.23%             | 2026-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                       | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971U2J5<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     195000 | PA      | $202806.83    | 0.23%             | 2035-07-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| DIAMOND II LTD                                 | Diamond II Ltd                                                                   | CUSIP: 25276VAA3<br>LEI: 254900KL4GQ2XC50XL44 | Long             | DBT              | CORP              | MU        |     600000 | PA      | $603591.92    | 0.68%             | 2026-07-28      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| BANCO BBVA PERU SA                             | Banco BBVA Peru SA                                                               | CUSIP: 058950AA4<br>LEI: 549300H1JNU0HLNFU552 | Long             | DBT              | CORP              | PE        |     280000 | PA      | $290579.24    | 0.33%             | 2034-06-07      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| RENEW POWER PVT LTD                            | RENEW PVT LTD                                                                    | CUSIP: 75975AAA8<br>LEI: 335800BITJZHVZ1CN475 | Long             | DBT              | CORP              | IN        |     225000 | PA      | $225307.26    | 0.25%             | 2027-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENERGUATE TRUST 2 0                            | Energuate Trust 2 0                                                              | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |     490000 | PA      | $492144.73    | 0.55%             | 2035-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                        | Reliance Industries Ltd                                                          | CUSIP: 759470BD8<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |     250000 | PA      | $186275.84    | 0.21%             | 2052-01-12      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY CO ISSUE                           | Star Energy Geothermal Darajat II / Star Energy Geothermal Salak                 | CUSIP: 85513LAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     260000 | PA      | $251159.30    | 0.28%             | 2038-10-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| THREELANDS LTD SA RL                           | Threelands Energy Ltd Sarl                                                       | CUSIP: 88580LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     215000 | PA      | $215346.00    | 0.24%             | 2035-10-20      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| C&W SENIOR FINANCE LTD                         | C&W Senior Finance Ltd                                                           | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $204087.20    | 0.23%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | COP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-7777.10     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                            | Petroleos Mexicanos                                                              | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     285000 | PA      | $292720.37    | 0.33%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO                       | Yinson Boronia Production BV                                                     | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |     794683 | PA      | $868744.04    | 0.97%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                        | America Movil SAB de CV                                                          | CUSIP: 02364WBL8<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    7500000 | PA      | $416732.73    | 0.47%             | 2031-01-27      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| UEP PENONOME II SA                             | UEP Penonome II SA                                                               | CUSIP: 90363PAA4<br>LEI: 549300DS6G5XB230S845 | Long             | DBT              | CORP              | PA        |     233467 | PA      | $210820.44    | 0.24%             | 2038-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BANK                                   | Kookmin Bank                                                                     | CUSIP: 50050GAN8<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |     200000 | PA      | $181532.16    | 0.20%             | 2030-11-04      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| MHP LUX SA                                     | MHP Lux SA                                                                       | CUSIP: 59318YAA6<br>LEI: 222100RHC7R1WZ1J3M44 | Long             | DBT              | CORP              | LU        |     290000 | PA      | $276900.96    | 0.31%             | 2026-04-03      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                               | Lenovo Group Ltd                                                                 | CUSIP: 526250AE5<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |     200000 | PA      | $221054.55    | 0.25%             | 2032-07-27      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                              | Rakuten Group Inc                                                                | CUSIP: 75102WAM0<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |     400000 | PA      | $418282.58    | 0.47%             | N/A             | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                 | Wynn Macau Ltd                                                                   | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |     230000 | PA      | $229921.55    | 0.26%             | 2028-08-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| UNIGEL NETHERLANDS HOLD                        | Unigel Netherlands Holding Corp BV                                               | CUSIP: 90475UAA8<br>LEI: 213800UOXJTQ82DWTJ78 | Long             | DBT              | CORP              | NL        |     131402 | PA      | $3942.06      | 0.00%             | 2044-12-31      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-19

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

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer