# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-26-000413
**Filing Date:** 2026-3
**Character Count:** 116053
**Document Hash:** 1fea2e34224620a942a76e864899224b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-26-000413.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000898745-26-000413

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 26789589

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20211220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20080616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL INVESTORS FUND INC
- **DATE OF NAME CHANGE:** 20001012

## Series and Classes Contracts Data

### Finisterre Emerging Markets Total Return Bond Fund (Series ID: S000054330)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000170736 | Institutional Class | PFUMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Principal Funds, Inc

- **b. Investment Company Act file number:** 811-07572

- **c. CIK number of Registrant:** 0000898745

- **d. LEI of Registrant:** 549300HZGBXSW6DSXF23

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

  - **Street Address 1:** 711 High St

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50392

  - **Telephone number:** 515-235-1719

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

- **a. Name of Series:** Finisterre Emerging Markets Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000054330

- **c. LEI of Series:** 549300MNS2JZWUXHD778

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $924178677.00

**Total Liabilities:** $31309350.72

**Net Assets:** $892869326.28

**Delayed Delivery Securities:** $6800793.80

**Cash Not Reported:** $17604581.07

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -25.48610000 | **1-Year:** 381.37550000 | **5-Year:** 4474.92840000 | **10-Year:** 3234.40080000 | **30-Year:** 993.11460000

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

- **3-Month:** -568.34420000 | **1-Year:** 8504.74020000 | **5-Year:** 99791.69400000 | **10-Year:** 72127.70880000 | **30-Year:** 22146.63070000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000170736 | 0.81%                | 1.04%                | 2.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-907935.23              | $3524460.95                                |
| Month 2  | $-321601.78              | $5674068.88                                |
| Month 3  | $6774463.06              | $5982995.72                                |

**Designated Index Information**

- **Index Name:** Finisterre Emerging Markets Total Return Bond Blended Index

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                                        | Title                                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |      Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Uzbekneftegaz JSC                                                                           | Uzbekneftegaz JSC                                                                           | CUSIP: Y002GMAB9<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | CORP              | UZ        |       900000 | PA      | $973378.14    | 0.11%             | 2030-05-07      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $193883.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                                                            | Comision Federal de Electricidad                                                            | CUSIP: P30179AU2<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |      2114800 | PA      | $1991930.12   | 0.22%             | 2036-09-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $168111.45    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                                                      | Peruvian Government International Bond                                                      | CUSIP: 715638FB3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     38675000 | PA      | $12358399.29  | 1.38%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Provincia de Cordoba                                                                        | Provincia de Cordoba                                                                        | CUSIP: 74408DAG9<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |      4325000 | PA      | $4239250.69   | 0.47%             | 2035-02-03      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| Angolan Government International Bond                                                       | Angolan Government International Bond                                                       | CUSIP: V21735AC5<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      3150000 | PA      | $3171280.05   | 0.36%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Grupo Nutresa SA                                                                            | Grupo Nutresa SA                                                                            | CUSIP: 40055CAA1<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |      4500000 | PA      | $4792390.07   | 0.54%             | 2030-05-12      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M6S21BAU7<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      5375000 | PA      | $1584715.66   | 0.18%             | 2033-05-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                                                     | Sasol Financing USA LLC                                                                     | CUSIP: U8035UAA0<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |      6200000 | PA      | $5979900.00   | 0.67%             | 2027-11-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-72337.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FS Luxembourg Sarl                                                                          | FS Luxembourg Sarl                                                                          | CUSIP: 30315XAD6<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |      2300000 | PA      | $2375578.00   | 0.27%             | 2033-06-25      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $21940.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                                                         | Ghana Government International Bond                                                         | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      3017270 | PA      | $2637926.75   | 0.30%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    179100000 | NC      | $125168.16    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1650000000 | NC      | $117177.01    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond                                            | Argentine Republic Government International Bond                                            | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      7100000 | PA      | $5491850.00   | 0.62%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Azule Energy Finance Plc                                                                    | Azule Energy Finance Plc                                                                    | CUSIP: 05501YAB4<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |      4125000 | PA      | $4137396.82   | 0.46%             | 2031-01-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                                                       | Nigeria Government International Bond                                                       | CUSIP: V342A3BZ6<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      5325000 | PA      | $5482597.21   | 0.61%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| IHS Holding Ltd                                                                             | IHS Holding Ltd                                                                             | CUSIP: G4701HAC3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      1050000 | PA      | $1096619.55   | 0.12%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Kuwait International Government Bond                                                        | Kuwait International Government Bond                                                        | CUSIP: 501499AF4<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |      4050000 | PA      | $3992923.88   | 0.45%             | 2035-10-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   2076000000 | NC      | $118930.20    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland Government Bond                                                          | Republic of Poland Government Bond                                                          | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |     50702208 | PA      | $13196723.75  | 1.48%             | 2036-08-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Kingston Airport Revenue Finance Ltd                                                        | Kingston Airport Revenue Finance Ltd                                                        | CUSIP: 49647QAA6<br>LEI: 254900SK2YRR95AVHU30 | Long             | DBT              | CORP              | KY        |      2325000 | PA      | $2370756.00   | 0.27%             | 2036-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                | CUSIP: P2000GAA1<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |       525000 | PA      | $554002.20    | 0.06%             | 2035-02-11      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     29900000 | OU      | $-595731.95   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| IHS Holding Ltd                                                                             | IHS Holding Ltd                                                                             | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      4225000 | PA      | $4349504.79   | 0.49%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BOI Finance BV                                                                              | BOI Finance BV                                                                              | CUSIP: N/A<br>LEI: 724500ZH3H2YACBUNF38       | Long             | DBT              | CORP              | NL        |      7530000 | PA      | $9190154.76   | 1.03%             | 2027-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                                                       | Ecuador Government International Bond                                                       | CUSIP: P8054QBC6<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      2863268 | PA      | $2608437.15   | 0.29%             | 2035-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-8745.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $25590.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 131400000000 | OU      | $-1092748.68  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Zambia Government International Bond                                                        | Zambia Government International Bond                                                        | CUSIP: V7179UML0<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      6363540 | PA      | $6219055.44   | 0.70%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Cimko Cimento Ve Beton Sanayi Ve Ticaret AS                                                 | Cimko Cimento Ve Beton Sanayi Ve Ticaret AS                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | TR        |      2375000 | PA      | $2563952.39   | 0.29%             | 2030-05-21      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Energean Israel Finance Ltd                                                                 | Energean Israel Finance Ltd                                                                 | CUSIP: M4R2A7AC2<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |      4750000 | PA      | $4697161.00   | 0.53%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                                                         | Ghana Government International Bond                                                         | CUSIP: V3R60FEP5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      4872594 | PA      | $4259992.27   | 0.48%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Emirates Reit Sukuk III Ltd                                                                 | Emirates Reit Sukuk III Ltd                                                                 | CUSIP: G3100GAA8<br>LEI: 254900O98LGR8HB3GT84 | Long             | DBT              | CORP              | KY        |      1875000 | PA      | $1906704.62   | 0.21%             | 2028-12-12      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Province of Santa Fe                                                                        | Province of Santa Fe                                                                        | CUSIP: 74409AAE9<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |      4125000 | PA      | $4015893.75   | 0.45%             | 2034-12-11      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| Provincia de Buenos Aires/Government Bonds                                                  | Provincia de Buenos Aires/Government Bonds                                                  | CUSIP: P1910WXV6<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |      7347200 | PA      | $5932864.00   | 0.66%             | 2037-09-01      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Braskem Idesa SAPI                                                                          | Braskem Idesa SAPI                                                                          | CUSIP: P1850NAB7<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |      2575000 | PA      | $1689972.50   | 0.19%             | 2032-02-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                                                       | Ecuador Government International Bond                                                       | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      6775000 | PA      | $6842750.00   | 0.77%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Telecommunications co Telekom Srbija AD Belgrade                                            | Telecommunications co Telekom Srbija AD Belgrade                                            | CUSIP: X9300AAA7<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | CORP              | RS        |       975000 | PA      | $978488.06    | 0.11%             | 2029-10-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                                                       | Hungary Government International Bond                                                       | CUSIP: 445545AW6<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      6175000 | PA      | $6369830.94   | 0.71%             | 2035-09-26      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mexican Bonos                                                                               | Mexican Bonos                                                                               | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    205400000 | PA      | $10255661.02  | 1.15%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $25698.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                | CUSIP: P16259AM8<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |      2525000 | PA      | $2494927.25   | 0.28%             | 2033-01-18      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1166350000 | NC      | $56964.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                                                         | Egypt Government International Bond                                                         | CUSIP: M1487WDG7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      4000000 | PA      | $4136916.28   | 0.46%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                                                       | Hungary Government International Bond                                                       | CUSIP: X93622HA3<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      1475000 | PA      | $1521538.57   | 0.17%             | 2035-09-26      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                                                                           | Kosmos Energy Ltd                                                                           | CUSIP: U5007TAB1<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |      5200000 | PA      | $3929822.00   | 0.44%             | 2028-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1720000000 | OU      | $104830.96    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                                                       | Nigeria Government International Bond                                                       | CUSIP: V342A3CF9<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      2975000 | PA      | $2996332.62   | 0.34%             | 2028-09-28      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                      | Standard Chartered PLC                                                                      | CUSIP: 853254DH0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      3850000 | PA      | $3963151.50   | 0.44%             | N/A             | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Kona Spc Ltd                                                                                | Kona Spc Ltd                                                                                | CUSIP: DC2967016<br>LEI: 254900UKS4SVVOMZWX26 | Long             | DBT              | CORP              | KY        |      1700000 | PA      | $2023988.00   | 0.23%             | 2026-12-29      | Floating      | 4.97%                 | No            |                  3 | On Loan: No      |
| Digicel International Finance Ltd / Difl US LLC                                             | Digicel International Finance Ltd / Difl US LLC                                             | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      7575000 | PA      | $7875924.45   | 0.88%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Ardshinbank CJSC Via Dilijan Finance BV                                                     | Ardshinbank CJSC Via Dilijan Finance BV                                                     | CUSIP: 254032AD7<br>LEI: 549300DCGXFXAP2FEV07 | Long             | DBT              | CORP              | NL        |      2350000 | PA      | $2369680.36   | 0.27%             | 2031-01-22      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $11632.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Axian Telecom Holding & Management PLC                                                      | Axian Telecom Holding & Management PLC                                                      | CUSIP: M1R03SAA8<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |      1550000 | PA      | $1572324.87   | 0.18%             | 2030-07-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                                                   | Petroleos de Venezuela SA                                                                   | CUSIP: P7807HAR6<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      6700000 | PA      | $2010000.00   | 0.23%             | 2026-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners Colombia SAS | ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners Colombia SAS | CUSIP: 00193BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      5775000 | PA      | $5942786.85   | 0.67%             | 2030-02-03      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| Transportadora de Gas del Sur SA                                                            | Transportadora de Gas del Sur SA                                                            | CUSIP: P9308RBA0<br>LEI: 5299002TRC7IFQYSW596 | Long             | DBT              | CORP              | AR        |      1200000 | PA      | $1269150.00   | 0.14%             | 2031-07-24      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Braskem Idesa SAPI                                                                          | Braskem Idesa SAPI                                                                          | CUSIP: P1850NAA9<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |      5700000 | PA      | $3719428.81   | 0.42%             | 2029-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sonangol Finance Ltd                                                                        | Sonangol Finance Ltd                                                                        | CUSIP: 83540CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | AO        |      8575000 | PA      | $8472443.00   | 0.95%             | 2031-01-29      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Telecommunications co Telekom Srbija AD Belgrade                                            | Telecommunications co Telekom Srbija AD Belgrade                                            | CUSIP: 87945BAA8<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | CORP              | RS        |      2650000 | PA      | $2659480.38   | 0.30%             | 2029-10-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Colombian TES                                                                               | Colombian TES                                                                               | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  33361500000 | PA      | $8588595.10   | 0.96%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     98044650 | OU      | $-8200762.12  | -0.92%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $246247.93    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mexican Bonos                                                                               | Mexican Bonos                                                                               | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    234700000 | PA      | $12865255.89  | 1.44%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Energean Israel Finance Ltd                                                                 | Energean Israel Finance Ltd                                                                 | CUSIP: 29290WAA5<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |      5365000 | PA      | $5747932.13   | 0.64%             | 2033-09-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1000000000 | NC      | $28667.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Africa Finance Corp                                                                         | Africa Finance Corp                                                                         | CUSIP: V0055CAA1<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | CORP              | XX        |       300000 | PA      | $306062.37    | 0.03%             | N/A             | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M87883DN7<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       725000 | PA      | $210250.00    | 0.02%             | 2024-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vedanta Resources Finance II PLC                                                            | Vedanta Resources Finance II PLC                                                            | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      5000000 | PA      | $5274568.25   | 0.59%             | 2030-07-24      | Fixed         | 9.48%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class                                           | BlackRock Liquidity FedFund - Institutional Class                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |       791912 | NS      | $791911.59    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     13500000 | OU      | $608701.50    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Government Bond                                                                     | Turkiye Government Bond                                                                     | CUSIP: N/A<br>LEI: 5493000PCHOG3B6S3Q85       | Long             | DBT              | NUSS              | TR        |    327500000 | PA      | $7427669.65   | 0.83%             | 2029-09-12      | Fixed         | 30.08%                | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                                                      | Peruvian Government International Bond                                                      | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |     16325000 | PA      | $5104701.05   | 0.57%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| SNB Sukuk Ltd                                                                               | SNB Sukuk Ltd                                                                               | CUSIP: G8T49LAE1<br>LEI: 549300NDOY781U1WVO54 | Long             | DBT              | CORP              | KY        |      5325000 | PA      | $5422571.84   | 0.61%             | 2036-07-18      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| FS Luxembourg Sarl                                                                          | FS Luxembourg Sarl                                                                          | CUSIP: 30315XAC8<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |      2399000 | PA      | $2543513.36   | 0.28%             | 2031-02-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| Republic of South Africa Government International Bond                                      | Republic of South Africa Government International Bond                                      | CUSIP: 836205BJ2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      2275000 | PA      | $2208683.75   | 0.25%             | 2055-12-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Aegea Finance Sarl                                                                          | Aegea Finance Sarl                                                                          | CUSIP: 00775CAC0<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |      2900000 | PA      | $3082018.50   | 0.35%             | 2031-01-20      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Energo - Pro as                                                                             | Energo - Pro as                                                                             | CUSIP: N/A<br>LEI: 315700IQCL9IX158RO36       | Long             | DBT              | CORP              | CZ        |      4250000 | PA      | $5351918.51   | 0.60%             | 2030-05-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Aegea Finance Sarl                                                                          | Aegea Finance Sarl                                                                          | CUSIP: L01343AB5<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |      1075000 | PA      | $1142472.38   | 0.13%             | 2031-01-20      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $25586.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                                                                           | Ivanhoe Mines Ltd                                                                           | CUSIP: C48681AB3<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |      1450000 | PA      | $1510715.85   | 0.17%             | 2030-01-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Yinson Bergenia Production BV                                                               | Yinson Bergenia Production BV                                                               | CUSIP: N97336AA4<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |      2450000 | PA      | $2663379.20   | 0.30%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Egypt Treasury Bills                                                                        | Egypt Treasury Bills                                                                        | CUSIP: YO5146346<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    329600000 | PA      | $6557254.98   | 0.73%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-36128.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M87883CZ1<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      1425000 | PA      | $416171.25    | 0.05%             | 2020-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puma International Financing SA                                                             | Puma International Financing SA                                                             | CUSIP: 74588YAB6<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |      5225000 | PA      | $5412356.12   | 0.61%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     60800000 | NC      | $49361.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-40695.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $19694.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M6S21BAV5<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       775000 | PA      | $226052.00    | 0.03%             | 2034-05-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond                                      | Republic of South Africa Government International Bond                                      | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      5125000 | PA      | $4971865.00   | 0.56%             | 2037-12-11      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1100000000 | NC      | $60410.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-7230.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M6S21BAE3<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      2159000 | PA      | $630428.00    | 0.07%             | 2025-06-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOCAR Turkey Enerji AS via Steas Funding 1 DAC                                              | SOCAR Turkey Enerji AS via Steas Funding 1 DAC                                              | CUSIP: G84641AA0<br>LEI: 213800EHE74BZ15ING86 | Long             | DBT              | CORP              | IE        |      2300000 | PA      | $2298499.69   | 0.26%             | 2026-03-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| Banque Ouest Africaine de Developpement                                                     | Banque Ouest Africaine de Developpement                                                     | CUSIP: V0956YAB1<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | CORP              | XX        |      5750000 | PA      | $5746275.38   | 0.64%             | 2027-07-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-113816.12   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-35058.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Israel Government International Bond                                                        | Israel Government International Bond                                                        | CUSIP: 46515CJZ8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |      5775000 | PA      | $5686972.95   | 0.64%             | 2036-01-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $16334.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Uzbekistan                                                                 | National Bank of Uzbekistan                                                                 | CUSIP: Y003PKAB1<br>LEI: 253400TZJ7T1YULTGN68 | Long             | DBT              | CORP              | UZ        |      3925000 | PA      | $4247432.74   | 0.48%             | 2029-07-05      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FS Luxembourg Sarl                                                                          | FS Luxembourg Sarl                                                                          | CUSIP: L40756AE5<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |      1044000 | PA      | $1106889.52   | 0.12%             | 2031-02-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| Czechoslovak Group AS                                                                       | Czechoslovak Group AS                                                                       | CUSIP: X1761DAM4<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |      3950000 | PA      | $4122616.74   | 0.46%             | 2031-01-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Energean PLC                                                                                | Energean PLC                                                                                | CUSIP: YJ6216529<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |      2450000 | PA      | $2916844.96   | 0.33%             | 2031-05-12      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $6719.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                                                     | Raizen Fuels Finance SA                                                                     | CUSIP: L7909CAG2<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |       375000 | PA      | $305625.00    | 0.03%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M87883DP2<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      1050000 | PA      | $305941.06    | 0.03%             | 2031-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HTA Group Ltd/Mauritius                                                                     | HTA Group Ltd/Mauritius                                                                     | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |      3525000 | PA      | $3636551.87   | 0.41%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                                                      | Romanian Government International Bond                                                      | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     10275000 | PA      | $13128453.84  | 1.47%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |      6350000 | PA      | $6700788.48   | 0.75%             | 2035-02-11      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| HTA Group Ltd/Mauritius                                                                     | HTA Group Ltd/Mauritius                                                                     | CUSIP: V4256BAE4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |      2375000 | PA      | $2450159.06   | 0.27%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Romania Government Bond                                                                     | Romania Government Bond                                                                     | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     52425000 | PA      | $12465857.39  | 1.40%             | 2030-07-29      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   5150000000 | NC      | $265492.36    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastern European Electric Co BV                                                             | Eastern European Electric Co BV                                                             | CUSIP: N/A<br>LEI: 8945004UQXDLRHI1KJ27       | Long             | DBT              | CORP              | NL        |      2050000 | PA      | $2554531.04   | 0.29%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $23920.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IHS Holding Ltd                                                                             | IHS Holding Ltd                                                                             | CUSIP: G4701HAD1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      1825000 | PA      | $1878780.18   | 0.21%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                                                     | Venezuela Government International Bond                                                     | CUSIP: P17625AA5<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     10250000 | PA      | $3896025.00   | 0.44%             | 2023-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Egypt Government Bond                                                                       | Egypt Government Bond                                                                       | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    162225000 | PA      | $3521216.44   | 0.39%             | 2027-08-13      | Fixed         | 25.32%                | No            |                  2 | On Loan: No      |
| Saudi Awwal Bank                                                                            | Saudi Awwal Bank                                                                            | CUSIP: M8T3ARAF8<br>LEI: 558600TQS0WENZUC5190 | Long             | DBT              | CORP              | SA        |      4900000 | PA      | $4953678.13   | 0.55%             | 2035-09-04      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| BSF Finance                                                                                 | BSF Finance                                                                                 | CUSIP: G16559AN9<br>LEI: 549300FJCGREO1P1UL36 | Long             | DBT              | CORP              | KY        |      6025000 | PA      | $6010453.60   | 0.67%             | 2035-09-03      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                                                                           | Ivanhoe Mines Ltd                                                                           | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |      7175000 | PA      | $7475438.78   | 0.84%             | 2030-01-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple                            | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple                            | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |      2674370 | PA      | $2781638.91   | 0.31%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| IHS Netherlands Holdco BV                                                                   | IHS Netherlands Holdco BV                                                                   | CUSIP: N44153AE9<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |      3557684 | PA      | $3556420.14   | 0.40%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-28953.17    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Malaysia Government Bond                                                                    | Malaysia Government Bond                                                                    | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     53350000 | PA      | $13636054.29  | 1.53%             | 2032-07-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                                         | Petroleos Mexicanos                                                                         | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      5050000 | PA      | $5041846.27   | 0.56%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Azule Energy Finance Plc                                                                    | Azule Energy Finance Plc                                                                    | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |      5050000 | PA      | $5109430.93   | 0.57%             | 2030-01-23      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Golar LNG Ltd                                                                               | Golar LNG Ltd                                                                               | CUSIP: 38046YAE1<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |      3825000 | PA      | $3828262.73   | 0.43%             | 2030-10-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   4100000000 | NC      | $64441.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Angolan Government International Bond                                                       | Angolan Government International Bond                                                       | CUSIP: V5S1ASAB6<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      3525000 | PA      | $3457199.83   | 0.39%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $316813.33    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Brazil Notas do Tesouro Nacional Serie F                                                    | Brazil Notas do Tesouro Nacional Serie F                                                    | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |    103685000 | PA      | $16472152.20  | 1.84%             | 2035-01-01      | Fixed         | 9.76%                 | No            |                  2 | On Loan: No      |
| Ipoteka-Bank ATIB                                                                           | Ipoteka-Bank ATIB                                                                           | CUSIP: Y001L5AE6<br>LEI: 213800UWVX5JSNXJS434 | Long             | DBT              | CORP              | UZ        |      2150000 | PA      | $2191965.48   | 0.25%             | 2030-10-09      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| FS Luxembourg Sarl                                                                          | FS Luxembourg Sarl                                                                          | CUSIP: L40756AG0<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |       425000 | PA      | $438965.50    | 0.05%             | 2033-06-25      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M87883CE8<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      1450000 | PA      | $431375.00    | 0.05%             | 2021-04-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-39474.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M87883DE7<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      4825000 | PA      | $1408900.00   | 0.16%             | 2022-10-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $21199.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Energo - Pro as                                                                             | Energo - Pro as                                                                             | CUSIP: N/A<br>LEI: 315700IQCL9IX158RO36       | Long             | DBT              | CORP              | CZ        |       200000 | PA      | $251854.98    | 0.03%             | 2030-05-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Southern Gas Corridor CJSC                                                                  | Southern Gas Corridor CJSC                                                                  | CUSIP: Y8T6JPAA4<br>LEI: 213800DG58KG59XY6318 | Long             | DBT              | CORP              | AZ        |       600000 | PA      | $602496.50    | 0.07%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-53437.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                                                       | Hungary Government International Bond                                                       | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |      6350000 | PA      | $7566900.12   | 0.85%             | 2033-05-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Peru Government Bond                                                                        | Peru Government Bond                                                                        | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |     37950000 | PA      | $11269888.83  | 1.26%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Saavi Energia Sarl                                                                          | Saavi Energia Sarl                                                                          | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |      7575000 | PA      | $8201073.75   | 0.92%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Energo - Pro as                                                                             | Energo - Pro as                                                                             | CUSIP: N/A<br>LEI: 315700IQCL9IX158RO36       | Long             | DBT              | CORP              | CZ        |      3175000 | PA      | $3741456.28   | 0.42%             | 2031-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Hungary Government Bond                                                                     | Hungary Government Bond                                                                     | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   4301400000 | PA      | $12944062.28  | 1.45%             | 2028-03-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 192600000000 | OU      | $-105775.92   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Czechoslovak Group AS                                                                       | Czechoslovak Group AS                                                                       | CUSIP: N/A<br>LEI: 315700SWFD7G70AVG768       | Long             | DBT              | CORP              | CZ        |      5025000 | PA      | $5244594.71   | 0.59%             | 2031-01-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M8787UAN1<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      1425000 | PA      | $420375.00    | 0.05%             | 2035-11-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $11790.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-38737.01    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Energuate Trust 2 0                                                                         | Energuate Trust 2 0                                                                         | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |      3025000 | PA      | $3023054.71   | 0.34%             | 2035-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $6165.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Africa Finance Corp                                                                         | Africa Finance Corp                                                                         | CUSIP: 00832XAA9<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | CORP              | XX        |      4625000 | PA      | $4718461.49   | 0.53%             | N/A             | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   3150000000 | NC      | $-75636.91    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-39166.48    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Axian Telecom Holding & Management PLC                                                      | Axian Telecom Holding & Management PLC                                                      | CUSIP: 05465QAA7<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |      2700000 | PA      | $2738888.48   | 0.31%             | 2030-07-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CS Treasury Management Services P Ltd                                                       | CS Treasury Management Services P Ltd                                                       | CUSIP: N/A<br>LEI: 254900MLBK4TUEESYL96       | Long             | DBT              | CORP              | VG        |      1467155 | PA      | $1499499.52   | 0.17%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                                                     | Raizen Fuels Finance SA                                                                     | CUSIP: L7909CAJ6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |       625000 | PA      | $523437.50    | 0.06%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                                                      | Romanian Government International Bond                                                      | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      2850000 | PA      | $3523030.87   | 0.39%             | 2045-10-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WE Soda Investments Holding PLC                                                             | WE Soda Investments Holding PLC                                                             | CUSIP: G95448AA7<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |      3025000 | PA      | $3118570.45   | 0.35%             | 2028-10-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Bahamas Government International Bond                                                       | Bahamas Government International Bond                                                       | CUSIP: 056732AP5<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |      2800000 | PA      | $3122868.00   | 0.35%             | 2036-06-24      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                                                   | Ivory Coast Government International Bond                                                   | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |      7100000 | PA      | $8274014.28   | 0.93%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-345428.76   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Israel Government International Bond                                                        | Israel Government International Bond                                                        | CUSIP: 46515CKR4<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |      5375000 | PA      | $5233657.28   | 0.59%             | 2056-01-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6                                          | Principal Government Money Market Fund - Class R-6                                          | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     99102702 | NS      | $99102702.16  | 11.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |     17715368 | PA      | $11157357.91  | 1.25%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                                                                           | Kosmos Energy Ltd                                                                           | CUSIP: 500688AH9<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |      3200000 | PA      | $1649600.00   | 0.18%             | 2030-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     29900000 | OU      | $-560114.01   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Egypt Government Bond                                                                       | Egypt Government Bond                                                                       | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    155400000 | PA      | $3359248.95   | 0.38%             | 2027-10-01      | Fixed         | 24.46%                | No            |                  2 | On Loan: No      |
| Samarco Mineracao SA                                                                        | Samarco Mineracao SA                                                                        | CUSIP: P8405QAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |      4807665 | PA      | $4826501.43   | 0.54%             | 2031-06-30      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WE Soda Investments Holding PLC                                                             | WE Soda Investments Holding PLC                                                             | CUSIP: 92943TAA1<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |      3675000 | PA      | $3788676.50   | 0.42%             | 2028-10-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     41050000 | NC      | $688102.80    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastern European Electric Co BV                                                             | Eastern European Electric Co BV                                                             | CUSIP: N/A<br>LEI: 8945004UQXDLRHI1KJ27       | Long             | DBT              | CORP              | NL        |      1300000 | PA      | $1619946.52   | 0.18%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $16477.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Colombian TES                                                                               | Colombian TES                                                                               | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  44547700000 | PA      | $12318307.20  | 1.38%             | 2033-02-09      | Fixed         | 13.25%                | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                                                   | Petroleos de Venezuela SA                                                                   | CUSIP: P7807HAT2<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     34325000 | PA      | $10400475.00  | 1.16%             | 2024-05-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M6S21BAT0<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      7000000 | PA      | $2050125.00   | 0.23%             | 2028-03-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                                                      | Romanian Government International Bond                                                      | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      5675000 | PA      | $6776750.49   | 0.76%             | 2037-05-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Republic of Cameroon International Bond                                                     | Republic of Cameroon International Bond                                                     | CUSIP: N/A<br>LEI: 54930021BO6NHYGBBV24       | Long             | DBT              | NUSS              | CM        |      4700000 | PA      | $4553314.50   | 0.51%             | 2033-01-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-35376.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-828438.56   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                                                   | Ivory Coast Government International Bond                                                   | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |      3075000 | PA      | $3735319.64   | 0.42%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     68200000 | NC      | $52401.63     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Uzbekneftegaz JSC                                                                           | Uzbekneftegaz JSC                                                                           | CUSIP: 91825MAC7<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | CORP              | UZ        |      3725000 | PA      | $4028703.98   | 0.45%             | 2030-05-07      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M8787UAS0<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       675000 | PA      | $198560.03    | 0.02%             | 2029-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $229486.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      1021234 | PA      | $643120.61    | 0.07%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Bahamas Government International Bond                                                       | Bahamas Government International Bond                                                       | CUSIP: P06518AL1<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |      1325000 | PA      | $1477785.75   | 0.17%             | 2036-06-24      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                                                     | Raizen Fuels Finance SA                                                                     | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |      2275000 | PA      | $1854125.00   | 0.21%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     10000000 | OU      | $450890.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                                         | Petroleos Mexicanos                                                                         | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      2500000 | PA      | $2438777.50   | 0.27%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                                                     | Raizen Fuels Finance SA                                                                     | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |      3325000 | PA      | $2784687.50   | 0.31%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Yinson Bergenia Production BV                                                               | Yinson Bergenia Production BV                                                               | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |      2625000 | PA      | $2853620.57   | 0.32%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Benin Government International Bond                                                         | Benin Government International Bond                                                         | CUSIP: V15389AG0<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |      3525000 | PA      | $3681511.87   | 0.41%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| National Bank of Uzbekistan                                                                 | National Bank of Uzbekistan                                                                 | CUSIP: Y003PKAC9<br>LEI: 253400TZJ7T1YULTGN68 | Long             | DBT              | CORP              | UZ        |      2200000 | PA      | $2302164.15   | 0.26%             | 2030-07-17      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| Samarco Mineracao SA Escrow Shares                                                          | Samarco Mineracao SA Escrow Shares                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | BR        |       200000 | PA      | $0.00         | 0.00%             | 2023-10-24      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Leviathan Bond Ltd                                                                          | Leviathan Bond Ltd                                                                          | CUSIP: M6746GAC0<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |      7625000 | PA      | $7694967.00   | 0.86%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                      | Standard Chartered PLC                                                                      | CUSIP: 853254DF4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      4250000 | PA      | $4545127.23   | 0.51%             | N/A             | Variable      | 7.63%                 | No            |                  2 | On Loan: —       |
| Aldar Properties PJSC                                                                       | Aldar Properties PJSC                                                                       | CUSIP: 013917AA7<br>LEI: 98450048CD8AEF13B480 | Long             | DBT              | CORP              | AE        |      8425000 | PA      | $8327164.86   | 0.93%             | 2056-04-14      | Variable      | 5.88%                 | No            |                  2 | On Loan: —       |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M8787UAM3<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       750000 | PA      | $219427.50    | 0.02%             | 2024-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     29900000 | OU      | $-598612.62   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $11407.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa Government Bond                                                    | Republic of South Africa Government Bond                                                    | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    369650000 | PA      | $22524083.02  | 2.52%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Mizrahi Tefahot Bank Ltd                                                                    | Mizrahi Tefahot Bank Ltd                                                                    | CUSIP: N/A<br>LEI: YZO9YEGEO4VYDZMDWF93       | Long             | DBT              | CORP              | IL        |      8225000 | PA      | $8302722.47   | 0.93%             | 2036-04-15      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Riyad Sukuk Ltd                                                                             | Riyad Sukuk Ltd                                                                             | CUSIP: G7576PAB2<br>LEI: 549300P8GI2KKEMZUH97 | Long             | DBT              | CORP              | KY        |      6050000 | PA      | $6148479.78   | 0.69%             | 2035-07-14      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     29900000 | OU      | $-540455.85   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $228810.87    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Transnet/South Africa                                                                       | Transnet/South Africa                                                                       | CUSIP: S8755VFQ9<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |      9050000 | PA      | $9547566.74   | 1.07%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Limak Cimento Sanayi ve Ticaret AS                                                          | Limak Cimento Sanayi ve Ticaret AS                                                          | CUSIP: M67729AB5<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |      5300000 | PA      | $5392255.78   | 0.60%             | 2029-07-25      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                                         | Petroleos Mexicanos                                                                         | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      4480000 | PA      | $4595283.84   | 0.51%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |      3325000 | OU      | $149920.93    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Yinson Boronia Production BV                                                                | Yinson Boronia Production BV                                                                | CUSIP: N9733XAA5<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |      4635650 | PA      | $5144324.79   | 0.58%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    428589333 | OU      | $349643.65    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: 903724CH3<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      3910500 | PA      | $3116657.43   | 0.35%             | 2032-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Veon Midco BV                                                                               | Veon Midco BV                                                                               | CUSIP: N9219HAP0<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |      8181000 | PA      | $7812504.61   | 0.87%             | 2027-11-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Tengizchevroil Finance Co International Ltd                                                 | Tengizchevroil Finance Co International Ltd                                                 | CUSIP: G87602AA9<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | CORP              | BM        |      2440000 | PA      | $2430781.83   | 0.27%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bond                                                       | Morocco Government International Bond                                                       | CUSIP: N/A<br>LEI: 529900F3MBW9XY5K1X07       | Long             | DBT              | NUSS              | MA        |      3450000 | PA      | $4153376.49   | 0.47%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mobiliare Latam SA / Mobiliare Latam Mexico SA de CV                                        | Mobiliare Latam SA / Mobiliare Latam Mexico SA de CV                                        | CUSIP: 60742RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      3875000 | PA      | $3838381.25   | 0.43%             | 2032-11-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: X5S0058J3<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      2820000 | PA      | $2247532.02   | 0.25%             | 2032-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                                                         | Ghana Government International Bond                                                         | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      5490625 | PA      | $5370387.18   | 0.60%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Vedanta Resources Finance II PLC                                                            | Vedanta Resources Finance II PLC                                                            | CUSIP: G9T27HAG9<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      3975000 | PA      | $4258248.05   | 0.48%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Brazil Notas do Tesouro Nacional Serie F                                                    | Brazil Notas do Tesouro Nacional Serie F                                                    | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |     45554000 | PA      | $8430733.64   | 0.94%             | 2027-01-01      | Fixed         | 9.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $8299.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Argentina SA                                                                        | Telecom Argentina SA                                                                        | CUSIP: P9028NBT7<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |      1250000 | PA      | $1333125.00   | 0.15%             | 2031-07-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Egypt Treasury Bills                                                                        | Egypt Treasury Bills                                                                        | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    220700000 | PA      | $4566742.41   | 0.51%             | 2026-03-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                                                         | Egypt Government International Bond                                                         | CUSIP: M1487WDD4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      4200000 | PA      | $4245128.24   | 0.48%             | 2032-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $79571.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Pakistan Government International Bond                                                      | Pakistan Government International Bond                                                      | CUSIP: Y2835JAK4<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      7575000 | PA      | $7630507.55   | 0.85%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                                                         | Egypt Government International Bond                                                         | CUSIP: M1487WDP7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      3700000 | PA      | $3719201.15   | 0.42%             | 2033-09-30      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                                                       | Ecuador Government International Bond                                                       | CUSIP: P8054QBG7<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      1950000 | PA      | $1638000.00   | 0.18%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Futures                                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          380 | NC      | $-87010.66    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M6S21BAS2<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      1050000 | PA      | $311062.50    | 0.03%             | 2031-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Acu Petroleo Luxembourg Sarl                                                                | Acu Petroleo Luxembourg Sarl                                                                | CUSIP: L0R80QAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      5504732 | PA      | $5668272.52   | 0.63%             | 2035-07-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Puma International Financing SA                                                             | Puma International Financing SA                                                             | CUSIP: L78043AF0<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |       350000 | PA      | $362550.17    | 0.04%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Principal Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Treasurer