# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-025010
**Filing Date:** 2026-6
**Character Count:** 66236
**Document Hash:** 481f4a7c7f669ae52f5f75c0de84c8fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025010.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000940400-26-025010

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 261107507

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

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

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

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

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

## Series and Classes Contracts Data

### Payden Emerging Markets Local Bond Fund (Series ID: S000033934)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000104641 | Payden Emerging Markets Local Bond Fund (Investor Class) | PYELX           |
| C000236138 | Payden Emerging Markets Local Bond Fund (SI Class)       | PYILX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

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

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

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

- **b. EDGAR series identifier (if any):** S000033934

- **c. LEI of Series:** 549300ZRY78UEWJB7K76

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $120773785.80

**Total Liabilities:** $2334943.61

**Net Assets:** $118438842.19

**Delayed Delivery Securities:** $1206781.02

**Cash Not Reported:** $2199264.92

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 10.00000000 | **1-Year:** 53.00000000 | **5-Year:** 2153.00000000 | **10-Year:** 4672.00000000 | **30-Year:** 2759.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 188.00000000 | **5-Year:** 4438.00000000 | **10-Year:** 1986.00000000 | **30-Year:** 746.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000104641 | 1.81%                | -6.49%               | 3.00%                |
| Class ID C000236138 | 1.87%                | -6.51%               | 3.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $43496.62                | $1226923.69                                |
| Month 2  | $213659.40               | $-7535521.43                               |
| Month 3  | $161027.46               | $2487537.71                                |

**Designated Index Information**

- **Index Name:** JP Morgan GBI-EM Global Diversified Index

- **Index Identifier:** JPMGBIEGDV

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BARCLAYS PLC                                                        | RON/USD FORWARD                        | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-457.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | KZT/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-1242.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CORPORACION ANDINA DE FOMENTO                                       | CAF 6.77 05/24/28 EMTN                 | CUSIP: 000000000<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | VE        |  2000000000 | PA      | $480468.55    | 0.41%             | 2028-05-24      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 8.375 03/15/34 FR68             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  8511000000 | PA      | $532984.60    | 0.45%             | 2034-03-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                                             | JPM 9.5 07/17/31 *                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |  6394000000 | PA      | $413582.09    | 0.35%             | 2031-07-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| THAILAND, KINGDOM OF - MINISTRY OF FINANCE                          | THAIGB 3.3 06/17/38                    | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    21500000 | PA      | $710874.78    | 0.60%             | 2038-06-17      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CORPORACION ANDINA DE FOMENTO                                       | CAF 8.25 04/26/34 EMTN                 | CUSIP: 000000000<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | VE        |    87000000 | PA      | $912336.46    | 0.77%             | 2034-04-26      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVELOPMENT BANK                                     | IADB 7 04/17/33 EMTN                   | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |   170000000 | PA      | $1725814.23   | 1.46%             | 2033-04-17      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| CHILE, REPUBLIC OF - MINISTRY OF FINANCE                            | BTPCL 5.8 10/01/29                     | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   620000000 | PA      | $704612.52    | 0.59%             | 2029-10-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                                             | AMXLMM 9.5 01/27/31                    | CUSIP: 02364WBL8<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     7730000 | PA      | $450266.78    | 0.38%             | 2031-01-27      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL     | BNTNF 10 01/01/29 NTNF                 | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    22700000 | PA      | $4242543.82   | 3.58%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ARGENTINA, REPUBLIC OF - SUBSECRETARIA DE FINANCIAMIENTO            | ARGENT 4.125 07/09/35                  | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      339500 | PA      | $253776.25    | 0.21%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | CZK/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $34359.01     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                       | SAGB 7 02/28/31 R213                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    10740000 | PA      | $610672.49    | 0.52%             | 2031-02-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES, REPUBLIC OF - DEPARTMENT OF FINANCE                    | PHILIP 6.25 01/14/36                   | CUSIP: 718286BM8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    17000000 | PA      | $266242.79    | 0.22%             | 2036-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CZECH, REPUBLIC - MINISTRY OF FINANCE                               | CZGB 1.5 04/24/40 125                  | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    33080000 | PA      | $1033935.61   | 0.87%             | 2040-04-24      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK OF KOREA (THE)                                   | EIBKOR 7.93 07/30/26 19                | CUSIP: 000000000<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |     5000000 | PA      | $286713.23    | 0.24%             | 2026-07-30      | Fixed         | 7.93%                 | No            |                  2 | On Loan: No      |
| CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE                   | CGB 2.75 06/15/29 INBK                 | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     9500000 | PA      | $1452701.29   | 1.23%             | 2029-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                    | TURKGB 36.78 10/13/27 2Y               | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    15630000 | PA      | $340938.42    | 0.29%             | 2027-10-13      | Fixed         | 36.78%                | No            |                  2 | On Loan: No      |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO            | PERU 6.9 08/12/37 144A                 | CUSIP: 715638AV4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     3910000 | PA      | $1130181.80   | 0.95%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS HOLDINGS INC                               | C 0 09/24/26 Emtn                      | CUSIP: 173074ZV0<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |   897000000 | PA      | $604383.30    | 0.51%             | 2026-09-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PERU SA                                        | BCP 7.85 01/11/29 144A                 | CUSIP: 05971U2F3<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     1810000 | PA      | $545920.52    | 0.46%             | 2029-01-11      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| PARAGUAY, REPUBLIC OF - MINISTRY OF FINANCE                         | PARGUY 8.5 03/04/35 144A               | CUSIP: 699149BX7<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |  4351000000 | PA      | $720216.93    | 0.61%             | 2035-03-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/ZAR FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $12112.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MOROCCO, KINGDOM OF - MINISTRY OF FINANCE AND FOREIGN INVESTMENT    | MOROC 4.75 04/02/35 144A               | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |      235000 | PA      | $277471.62    | 0.23%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                       | SAGB 9 01/31/40 2040                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    70420000 | PA      | $4136253.89   | 3.49%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CZECH, REPUBLIC - MINISTRY OF FINANCE                               | CZGB 3.6 06/03/36 157                  | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    14000000 | PA      | $607799.47    | 0.51%             | 2036-06-03      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 6.625 02/15/34 100              | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 24527000000 | PA      | $1391987.70   | 1.18%             | 2034-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                               | Payden Cash Reserves Money Market Fund | CUSIP: 704329598<br>LEI: 549300QJNYRKYZS3P282 | Long             | STIV             | RF                | US        |      687050 | NS      | $687049.71    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDICORP CAPITAL SOCIEDAD TITULIZADORA SA                          | MUNMET 9.7 03/05/45                    | CUSIP: 224939AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     1770000 | PA      | $538327.15    | 0.45%             | 2045-03-05      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                            | AFDB 0 04/05/46 EMTN                   | CUSIP: 000000000<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | CI        |     7000000 | PA      | $75391.45     | 0.06%             | 2046-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE                   | CGB 2.76 05/15/32 INBK                 | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    14450000 | PA      | $2265617.06   | 1.91%             | 2032-05-15      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL     | BNTNF 10 01/01/31 NTNF                 | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    28000000 | PA      | $4975797.68   | 4.20%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MALAYSIA, FEDERATION OF                                             | MGS 4.696 10/15/42 0222                | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    10840000 | PA      | $2978269.00   | 2.51%             | 2042-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | CHF/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-26108.07    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| LUZ DEL SUR SA                                                      | LUZSUR 6.75 10/09/32 144A              | CUSIP: 550688AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     1700000 | PA      | $483910.92    | 0.41%             | 2032-10-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BANK                                             | STANLN 6.5 02/20/31 EMTn               | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |  8600000000 | PA      | $489854.05    | 0.41%             | 2031-02-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| THAILAND, KINGDOM OF - MINISTRY OF FINANCE                          | THAIGB 2 12/17/31                      | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     9690000 | PA      | $302180.99    | 0.26%             | 2031-12-17      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PARAGUAY, REPUBLIC OF - MINISTRY OF FINANCE                         | PARGUY 8.5 04/04/38 144A               | CUSIP: 699149CC2<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |  1400000000 | PA      | $230047.62    | 0.19%             | 2038-04-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO    | MBONO 8 11/07/47 M                     | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    22290000 | PA      | $1077115.96   | 0.91%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL     | BNTNF 10 01/01/27 NTNF                 | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     6000000 | PA      | $1184176.83   | 1.00%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 8.25 05/15/36 FR72              | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 10100000000 | PA      | $640921.14    | 0.54%             | 2036-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO            | PERUGB 5.4 08/12/34                    | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     2685000 | PA      | $741329.01    | 0.63%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CZECH, REPUBLIC - MINISTRY OF FINANCE                               | CZGB 3.5 05/30/35 145                  | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    23340000 | PA      | $1017759.48   | 0.86%             | 2035-05-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVELOPMENT BANK                                     | IADB 7 08/08/33 EMTN                   | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |    93000000 | PA      | $942230.81    | 0.80%             | 2033-08-08      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/CLP FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-12340.37    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CHILE, REPUBLIC OF - MINISTRY OF FINANCE                            | BTPCL 6 04/01/33                       | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   455000000 | PA      | $518434.98    | 0.44%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL     | BNTNB 6 08/15/50 NTNB                  | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     6801151 | PA      | $1212243.99   | 1.02%             | 2050-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 7.125 06/15/43 FR97             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    23000000 | PA      | $1353.67      | 0.00%             | 2043-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE                   | CGB 3.19 04/15/53 INBK                 | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     2880000 | PA      | $497428.55    | 0.42%             | 2053-04-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| ALICORP SAA                                                         | ALIPE 7.4 06/16/32 144A                | CUSIP: 016234AE6<br>LEI: 549300Z1XH47TTIIJS11 | Long             | DBT              | CORP              | PE        |     2011000 | PA      | $580909.15    | 0.49%             | 2032-06-16      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                         | GS 0 11/05/26 EmtN                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | Long             | DBT              | CORP              | GB        |    44000000 | PA      | $736009.29    | 0.62%             | N/A             | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE                   | CGB 2.52 08/25/33 INBK                 | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    15300000 | PA      | $2377537.97   | 2.01%             | 2033-08-25      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| THAILAND, KINGDOM OF - MINISTRY OF FINANCE                          | THAIGB 1.585 12/17/35                  | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    23820000 | PA      | $691986.36    | 0.58%             | 2035-12-17      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| POLAND, REPUBLIC OF - STATE TREASURY                                | POLGB 5 10/25/35 1035                  | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     9436000 | PA      | $2472318.56   | 2.09%             | 2035-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SRI LANKA, GOVERNMENT OF                                            | SRILAN 3.6 06/15/35 144A               | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      317000 | PA      | $244786.83    | 0.21%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                        | USD/MYR FORWARD                        | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $68232.90     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MALAYSIA, FEDERATION OF                                             | MGS 4.762 04/07/37 0317                | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     9420000 | PA      | $2591930.64   | 2.19%             | 2037-04-07      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| CZECH, REPUBLIC - MINISTRY OF FINANCE                               | CZGB 2 10/13/33 103                    | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     8860000 | PA      | $354183.98    | 0.30%             | 2033-10-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 7 02/15/33 FR96                 | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 34666000000 | PA      | $2019166.39   | 1.70%             | 2033-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANCO LATINOAMERICANO DE COMERCIO EXTERIOR SA                       | BLX V7.5 PERP 144A                     | CUSIP: 05968CAD4<br>LEI: 549300CN3134K4LC0651 | Long             | DBT              | CORP              | PA        |      200000 | PA      | $205199.00    | 0.17%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLICAS DE MEDELLIN SA                                    | EEPPME 8.375 11/08/27 144A             | CUSIP: 29246BAD0<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |  1436000000 | PA      | $363819.38    | 0.31%             | 2027-11-08      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings Inc.                              | C 0 09/24/26 EMtN                      | CUSIP: 173074ZL2<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |   996000000 | PA      | $671087.82    | 0.57%             | 2026-09-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN, REPUBLIC OF - MINISTERIO DE HACIENDA                     | DOMREP 13.625 02/03/33 144A            | CUSIP: 25714PES3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    11950000 | PA      | $238016.46    | 0.20%             | 2033-02-03      | Fixed         | 13.62%                | No            |                  2 | On Loan: No      |
| POLAND, REPUBLIC OF - STATE TREASURY                                | POLGB 5 10/25/34 1034                  | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     7445000 | PA      | $1968075.34   | 1.66%             | 2034-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | ZAR/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $2513.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | CZK/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-14204.45    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/ARS FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $9954.21      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/ARS FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $30866.72     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                        | TRY/USD FORWARD                        | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-1311.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/PEN FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $208.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC                                         | CHF/USD FORWARD                        | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-1508.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | BRL/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-239950.11   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                        | THB/USD FORWARD                        | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-54285.91    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                            | USD/PEN FORWARD                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-8537.01     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/PEN FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-7975.89     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | INR/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-59155.90    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC                                         | EUR/USD FORWARD                        | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-17690.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/EUR FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-3061.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | INR/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-88119.94    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                          | CNH/USD FORWARD                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-4528.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/IDR FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-28737.26    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/BRL FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $61637.22     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                            | EUR/USD FORWARD                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-38212.47    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                          | USD/CNH FORWARD                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $8164.13      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                          | USD/PEN FORWARD                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-10401.37    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/CHF FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $21976.51     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | ZAR/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-20213.70    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                          | MXN/USD FORWARD                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $6271.59      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                          | USD/EUR FORWARD                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-3886.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                          | HUF/USD FORWARD                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-1561.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | PLN/USD FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-37977.10    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                        | USD/RON FORWARD                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-28342.95    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                        | USD/COP FORWARD                        | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-8398.65     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                           | IRS CNY                                | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-1403.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                           | IRS CNY                                | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $5647.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                           | IRS CNY                                | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-5794.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                           | IRS INR                                | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-80780.70    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                           | IRS MXN                                | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-14612.12    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                           | IRS CNY                                | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |           1 | NC      | $3394.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                          | ROMGB 8 04/29/30 7Y                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     9955000 | PA      | $2329123.35   | 1.97%             | 2030-04-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                                             | AMXLMM 10.125 01/22/29                 | CUSIP: 000000000<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     8110000 | PA      | $481403.42    | 0.41%             | 2029-01-22      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                            | PEN/USD FORWARD                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           1 | NC      | $135436.97    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE                          | HGB 2.25 04/20/33 33/A                 | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   492000000 | PA      | $1259264.79   | 1.06%             | 2033-04-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 6.375 04/15/32 FR91             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 13829000000 | PA      | $777106.18    | 0.66%             | 2032-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CZECH, REPUBLIC - MINISTRY OF FINANCE                               | CZGB 4.9 04/14/34 151                  | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    16000000 | PA      | $778391.14    | 0.66%             | 2034-04-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                          | ROMGB 3.65 09/24/31 15Y                | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     4130000 | PA      | $797888.03    | 0.67%             | 2031-09-24      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE                          | HGB 7 10/24/35 35/A                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   649120000 | PA      | $2247225.56   | 1.90%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO    | MBONO 10 11/20/36 M                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    12410000 | PA      | $747590.21    | 0.63%             | 2036-11-20      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| THAILAND, KINGDOM OF - MINISTRY OF FINANCE                          | THAIGB 3.45 06/17/43                   | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    45785000 | PA      | $1484846.29   | 1.25%             | 2043-06-17      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE                          | UKRAIN 4 02/01/32 144A                 | CUSIP: 903724CH3<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      329700 | PA      | $253166.87    | 0.21%             | 2032-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| URUGUAY, REPUBLICA ORIENTAL DEL - MINISTERIO DE ECONOMIA Y FINANZAS | URUGUA 8.25 05/21/31                   | CUSIP: 917288BM3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     7770000 | PA      | $200684.03    | 0.17%             | 2031-05-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                            | EIB 7.4 10/23/33 EMTN                  | CUSIP: 000000000<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | LU        |    76000000 | PA      | $797018.54    | 0.67%             | 2033-10-23      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                          | KZT/USD FORWARD                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $79370.15     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                       | SAGB 6.5 02/28/41 R214                 | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    54384000 | PA      | $2533223.93   | 2.14%             | 2041-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 7.125 08/15/40 106              | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  9126000000 | PA      | $537659.00    | 0.45%             | 2040-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GHANA, REPUBLIC OF                                                  | GHANA 5 07/03/35 144A                  | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      284000 | PA      | $261357.91    | 0.22%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT                    | EBRD 6.5 10/03/36 EMTN                 | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | GB        |   200800000 | PA      | $1940454.02   | 1.64%             | 2036-10-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                          | ROMGB 4.75 10/11/34 15Y                | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     3080000 | PA      | $588912.64    | 0.50%             | 2034-10-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                    | TURKGB 17.3 07/19/28 5Y                | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    59925000 | PA      | $955721.40    | 0.81%             | 2028-07-19      | Fixed         | 17.30%                | No            |                  2 | On Loan: No      |
| MALAYSIA, FEDERATION OF                                             | MGS 4.893 06/08/38 0418                | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     5120000 | PA      | $1422662.00   | 1.20%             | 2038-06-08      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO   | ECUA 8.75 01/29/34 144A                | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      260000 | PA      | $265850.00    | 0.22%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings Inc.                              | C 0 11/05/26 ETMN                      | CUSIP: 173074A39<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |    35500000 | PA      | $593825.68    | 0.50%             | 2026-11-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                       | SAGB 8.5 01/31/37 2037                 | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    30965000 | PA      | $1789787.06   | 1.51%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                          | PHP/USD FORWARD                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $10787.29     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO    | MBONO 7.75 11/13/42 M                  | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    59810000 | PA      | $2876505.60   | 2.43%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 6.75 07/15/35 103               | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  3733000000 | PA      | $214038.27    | 0.18%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT                    | EBRD 6.75 03/14/31 EMTN                | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | GB        |   122000000 | PA      | $1245942.13   | 1.05%             | 2031-03-14      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVELOPMENT BANK                                     | IADB 7.35 10/06/30 GMTN                | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |    47000000 | PA      | $491785.46    | 0.42%             | 2030-10-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 6.5 02/15/31 FR87               | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 13884000000 | PA      | $790829.49    | 0.67%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                                             | AMXLMM 10.3 01/30/34                   | CUSIP: 000000000<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     8850000 | PA      | $529544.60    | 0.45%             | 2034-01-30      | Fixed         | 10.30%                | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                       | SAGB 10 03/31/33 2033                  | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    11090000 | PA      | $713115.34    | 0.60%             | 2033-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CHINA, PEOPLE'S REPUBLIC OF - MINISTRY OF FINANCE                   | CGB 3.29 05/23/29 INBK                 | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     4790000 | PA      | $746814.02    | 0.63%             | 2029-05-23      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN, REPUBLIC OF - MINISTRY OF FINANCE                       | UZBEK 12.25 04/13/29 144A              | CUSIP: 91824PAE7<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  9720000000 | PA      | $811872.74    | 0.69%             | 2029-04-13      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO   | ECUA 9.25 01/29/39 144A                | CUSIP: 27927WAR3<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      260000 | PA      | $269750.00    | 0.23%             | 2039-01-29      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                          | USD/MXN FORWARD                        | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-17475.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| .NGOMO 09/08/26 0                                                   | .NGOMO 09/08/26 0                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | NG        |  1782000000 | PA      | $1204104.82   | 1.02%             | 2026-09-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GRUPO TELEVISA SAB                                                  | TELVIS 7.25 05/14/43 EMTN              | CUSIP: 000000000<br>LEI: 549300O4AF0C816ILN62 | Long             | DBT              | CORP              | MX        |     7270000 | PA      | $259070.61    | 0.22%             | 2043-05-14      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                          | ROMGB 5.8 07/26/27 15YR                | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     4620000 | PA      | $1037288.43   | 0.88%             | 2027-07-26      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| POLAND, REPUBLIC OF - STATE TREASURY                                | POLGB 1.75 04/25/32 0432               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     6775000 | PA      | $1528930.31   | 1.29%             | 2032-04-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CORPORACION ANDINA DE FOMENTO                                       | CAF 6.82 02/22/31 EMTN                 | CUSIP: 000000000<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | VE        |     7500000 | PA      | $390465.46    | 0.33%             | 2031-02-22      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO    | MBONO 7.5 05/26/33 M                   | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    51700000 | PA      | $2723686.73   | 2.30%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE                          | HGB 2 05/23/29 29/A                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   214000000 | PA      | $616971.20    | 0.52%             | 2029-05-23      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COTE D'IVOIRE, REPUBLIC OF                                          | IVYCST 8.075 04/01/36 144A             | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      475000 | PA      | $505634.15    | 0.43%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| INDONESIA, REPUBLIC OF - MINISTRY OF FINANCE                        | INDOGB 8.375 04/15/39 FR79             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 13791000000 | PA      | $892435.56    | 0.75%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (WORLD BANK)  | IBRD 6.85 04/24/28                     | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | US        |    31500000 | PA      | $325790.26    | 0.28%             | 2028-04-24      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                            | USD/INR FORWARD                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           1 | NC      | $17324.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY                    | TURKGB 30 09/12/29 5Y                  | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    27605000 | PA      | $537761.60    | 0.45%             | 2029-09-12      | Fixed         | 30.00%                | No            |                  2 | On Loan: No      |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO            | PERUGB 7.3 08/12/33                    | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      530000 | PA      | $166003.95    | 0.14%             | 2033-08-12      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO     | COLTES 11 08/22/29 B                   | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 17857600000 | PA      | $4534122.18   | 3.83%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO     | COLTES 7 03/26/31 B                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  3802100000 | PA      | $796861.85    | 0.67%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                          | ROMGB 4.25 04/28/36 5Y                 | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     2235000 | PA      | $400786.87    | 0.34%             | 2036-04-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO    | MBONO 8.5 11/18/38 M                   | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    26600000 | PA      | $1410837.14   | 1.19%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| THAILAND, KINGDOM OF - MINISTRY OF FINANCE                          | THAIGB 2 06/17/42                      | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    60485000 | PA      | $1652878.04   | 1.40%             | 2042-06-17      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO            | PERUGB 6.85 08/12/35                   | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    11860000 | PA      | $3527742.09   | 2.98%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZAKHSTAN JSC                                  | DBKAZ 16.95 05/08/29 144A              | CUSIP: 48129VAH9<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   121000000 | PA      | $261152.21    | 0.22%             | 2029-05-08      | Fixed         | 16.95%                | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO    | MBONO 8 04/15/32 M                     | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    15720000 | PA      | $860164.84    | 0.73%             | 2032-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-22

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

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer