# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-23-064801
**Filing Date:** 2023-3
**Character Count:** 102910
**Document Hash:** b9bb721fac6d97cdd00bcd7bc2185116
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-064801.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001752724-23-064801

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745
- **IRS NUMBER:** 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:** 23757957

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-1209

**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           |

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1.1.1

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## 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:** 801 Grand Ave

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

  - **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:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $431390131.90

**Total Liabilities:** $8359970.86

**Net Assets:** $423030161.04

**Delayed Delivery Securities:** $6315871.75

**Cash Not Reported:** $19221093.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 6756.00000000 | **10-Year:** 21758.00000000 | **30-Year:** 49897.00000000

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

- **3-Month:** 14.00000000 | **1-Year:** 97.00000000 | **5-Year:** -1275.00000000 | **10-Year:** 33867.00000000 | **30-Year:** 8916.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000170736 | 7.38%                | 1.33%                | 3.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4441236.43             | $36515119.74                               |
| Month 2  | $-1078254.07             | $4851795.34                                |
| Month 3  | $-3648878.50             | $17024539.98                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                    | Interest Rate Swaps                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    216999999 | OU      | $-877325.94   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $31.37        | 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      | $-37886.54    | -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      | $46861.39     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond              | Republic of Uzbekistan International Bond              | CUSIP: N/A<br>LEI: 213800L6VDKUM3TCM927       | Long             | DBT              | NUSS              | UZ        |      1325000 | PA      | $1299825.00   | 0.31%             | 2024-02-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-1911.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Iraq International Bond                                | Iraq International Bond                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | IQ        |       400000 | PA      | $397134.40    | 0.09%             | 2023-03-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tengizchevroil Finance Co International Ltd            | Tengizchevroil Finance Co International Ltd            | CUSIP: N/A<br>LEI: 5493001VEV2XTJIBZH31       | Long             | DBT              | CORP              | BM        |      2900000 | PA      | $2587264.00   | 0.61%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-51.85       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                  | Ecuador Government International Bond                  | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |     10100000 | PA      | $4896807.14   | 1.16%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                    | Petroleos Mexicanos                                    | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      2525000 | PA      | $2201342.22   | 0.52%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $48.06        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | Interest Rate Swaps                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  17000000000 | OU      | $238289.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic Government Bond                         | Czech Republic Government Bond                         | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    107200000 | PA      | $4290980.10   | 1.01%             | 2026-06-26      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Bahamas Government International Bond                  | Bahamas Government International Bond                  | CUSIP: 056732AM2<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |       600000 | PA      | $541931.54    | 0.13%             | 2029-06-16      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-2404.20     | -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      | $-469.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Banco Mercantil del Norte SA/Grand Cayman              | Banco Mercantil del Norte SA/Grand Cayman              | CUSIP: N/A<br>LEI: 549300QTVYRPFHS0J362       | Long             | DBT              | CORP              | MX        |       400000 | PA      | $369384.62    | 0.09%             | N/A             | Variable      | 5.88%                 | 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        |     24700000 | PA      | $5241985.83   | 1.24%             | 2024-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indonesia Treasury Bond                                | Indonesia Treasury Bond                                | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 156500000000 | PA      | $10614542.03  | 2.51%             | 2033-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $47.06        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Government International Bond                    | Saudi Government International Bond                    | CUSIP: 80413TBC2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      3500000 | PA      | $3544800.00   | 0.84%             | 2028-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Indonesia Treasury Bond                                | Indonesia Treasury Bond                                | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  42000000000 | PA      | $2861099.40   | 0.68%             | 2038-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                | Sasol Financing USA LLC                                | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |      3175000 | PA      | $2921317.50   | 0.69%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Prosus NV                                              | Prosus NV                                              | CUSIP: 74365PAG3<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |      5100000 | PA      | $4630071.52   | 1.09%             | 2027-01-19      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                 | Colombia Government International Bond                 | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |      1125000 | PA      | $1111731.93   | 0.26%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                 | Colombia Government International Bond                 | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |      4100000 | PA      | $3615353.68   | 0.85%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Israel Discount Bank Ltd                               | Israel Discount Bank Ltd                               | CUSIP: N/A<br>LEI: 549300XWZ7BG5G23OF51       | Long             | DBT              | CORP              | IL        |      4850000 | PA      | $4837875.00   | 1.14%             | 2028-01-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                | Sri Lanka Government International Bond                | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |      1350000 | PA      | $464826.47    | 0.11%             | 2026-07-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co JSC                            | KazMunayGas National Co JSC                            | CUSIP: N/A<br>LEI: 2138001H1M69RFJCSH88       | Long             | DBT              | CORP              | KZ        |      6575000 | PA      | $6064147.49   | 1.43%             | 2030-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Mexican Bonos                                          | Mexican Bonos                                          | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |     84000000 | PA      | $4027387.48   | 0.95%             | 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      | $15214.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | Credit Default Swaps                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     21100000 | OU      | $-767533.20   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Pakistan Government International Bond                 | Pakistan Government International Bond                 | CUSIP: N/A<br>LEI: 529900LOP29R5WKHOD86       | Long             | DBT              | NUSS              | PK        |      2325000 | PA      | $976500.00    | 0.23%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bond                 | Pakistan Government International Bond                 | CUSIP: N/A<br>LEI: 529900LOP29R5WKHOD86       | Long             | DBT              | NUSS              | PK        |      2100000 | PA      | $873180.00    | 0.21%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $16060.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                | Sri Lanka Government International Bond                | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |       500000 | PA      | $169325.18    | 0.04%             | 2028-04-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                 | Colombia Government International Bond                 | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |       750000 | PA      | $566647.71    | 0.13%             | 2031-04-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bond                    | Saudi Government International Bond                    | CUSIP: 80413TBE8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      2775000 | PA      | $2643853.50   | 0.62%             | 2053-01-18      | 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      | $-71722.51    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $1467.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Leumi Le-Israel BM                                | Bank Leumi Le-Israel BM                                | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | DBT              | CORP              | IL        |      3100000 | PA      | $3202300.00   | 0.76%             | 2033-07-18      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-1547.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                           | Ecopetrol SA                                           | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |      1400000 | PA      | $1435980.00   | 0.34%             | 2033-01-13      | 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      | $-5349.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Transnet SOC Ltd                                       | Transnet SOC Ltd                                       | CUSIP: 89378TAD5<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |      3850000 | PA      | $3859625.00   | 0.91%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                    | Ghana Government International Bond                    | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |       350000 | PA      | $129073.00    | 0.03%             | 2029-05-16      | None          | 7.63%                 | No            |                  2 | On Loan: No      |
| Prosus NV                                              | Prosus NV                                              | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | DBT              | CORP              | NL        |       550000 | PA      | $498741.22    | 0.12%             | 2027-01-19      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                                      | Kosmos Energy Ltd                                      | CUSIP: N/A<br>LEI: 213800YDFJ3OT9B5P157       | Long             | DBT              | CORP              | US        |      2875000 | PA      | $2599690.00   | 0.61%             | 2026-04-04      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                  | Ukraine Government International Bond                  | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |      2300000 | PA      | $734436.00    | 0.17%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                | Sri Lanka Government International Bond                | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |       850000 | PA      | $288084.00    | 0.07%             | 2027-05-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Stillwater Mining Co                                   | Stillwater Mining Co                                   | CUSIP: 86074QAQ5<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |      1550000 | PA      | $1328164.00   | 0.31%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bahamas Government International Bond                  | Bahamas Government International Bond                  | CUSIP: N/A<br>LEI: 549300W13SXC7EKNJC20       | Long             | DBT              | NUSS              | BS        |      4850000 | PA      | $3939067.71   | 0.93%             | 2028-11-21      | Fixed         | 6.00%                 | 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        |    283500000 | PA      | $14073982.76  | 3.33%             | 2035-02-28      | 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      | $-61.08       | -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      | $20765.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Country Garden Holdings Co Ltd                         | Country Garden Holdings Co Ltd                         | CUSIP: N/A<br>LEI: 549300MGHLPT1EFHGF84       | Long             | DBT              | CORP              | KY        |       600000 | PA      | $389497.03    | 0.09%             | 2026-07-12      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-703.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | Futures                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |           51 | NC      | $182765.46    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Energo-Pro AS                                          | Energo-Pro AS                                          | CUSIP: N/A<br>LEI: 315700IQCL9IX158RO36       | Long             | DBT              | CORP              | CZ        |      2775000 | PA      | $2636250.00   | 0.62%             | 2027-02-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                                      | Kosmos Energy Ltd                                      | CUSIP: 500688AD8<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |       350000 | PA      | $298943.75    | 0.07%             | 2028-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd                       | Galaxy Pipeline Assets Bidco Ltd                       | CUSIP: N/A<br>LEI: 549300L82YB0C6JQIC26       | Long             | DBT              | CORP              | JE        |      5501727 | PA      | $4747143.85   | 1.12%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Interest Rate Swaps                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    231000001 | OU      | $-752223.99   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Powerlong Real Estate Holdings Ltd                     | Powerlong Real Estate Holdings Ltd                     | CUSIP: N/A<br>LEI: 549300R3K12EPXCGDP22       | Long             | DBT              | CORP              | KY        |      1150000 | PA      | $389045.00    | 0.09%             | 2023-07-23      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond              | El Salvador Government International Bond              | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |      2350000 | PA      | $1131161.69   | 0.27%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Bank Hapoalim BM                                       | Bank Hapoalim BM                                       | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | DBT              | CORP              | IL        |      6175000 | PA      | $5437569.15   | 1.29%             | 2032-01-21      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-2383.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic Government Bond                         | Czech Republic Government Bond                         | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |     73600000 | PA      | $3111903.01   | 0.74%             | 2025-09-17      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Interest Rate Swaps                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     65750000 | OU      | $-23662.44    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Energean Israel Finance Ltd                            | Energean Israel Finance Ltd                            | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |      4300000 | PA      | $3956000.00   | 0.94%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $139.77       | 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      | $-311.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                           | SK Hynix Inc                                           | CUSIP: 78392BAE7<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |      1350000 | PA      | $1370511.13   | 0.32%             | 2028-01-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bond                   | Zambia Government International Bond                   | CUSIP: N/A<br>LEI: 213800DMLAZ6LGMMD849       | Long             | DBT              | NUSS              | ZM        |      2075000 | PA      | $1037749.00   | 0.25%             | 2024-04-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Country Garden Holdings Co Ltd                         | Country Garden Holdings Co Ltd                         | CUSIP: N/A<br>LEI: 549300MGHLPT1EFHGF84       | Long             | DBT              | CORP              | KY        |       350000 | PA      | $265950.86    | 0.06%             | 2025-05-27      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-51.85       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Angolan Government International Bond                  | Angolan Government International Bond                  | CUSIP: N/A<br>LEI: 549300QHR2R3J8JSGK83       | Long             | DBT              | NUSS              | AO        |      1625000 | PA      | $1506310.00   | 0.36%             | 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      | $-108947.16   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-29767.99    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Alfa Desarrollo SpA                                    | Alfa Desarrollo SpA                                    | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |      1071081 | PA      | $858953.60    | 0.20%             | 2051-09-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $9295.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NPC Ukrenergo                                          | NPC Ukrenergo                                          | CUSIP: 63718LAA2<br>LEI: 8945009LCLS92V4AK321 | Long             | DBT              | CORP              | UA        |      2350000 | PA      | $403054.14    | 0.10%             | 2028-11-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Country Garden Holdings Co Ltd                         | Country Garden Holdings Co Ltd                         | CUSIP: N/A<br>LEI: 549300MGHLPT1EFHGF84       | Long             | DBT              | CORP              | KY        |      2125000 | PA      | $1455625.00   | 0.34%             | 2025-10-22      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                    | Petroleos Mexicanos                                    | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |       950000 | PA      | $859352.71    | 0.20%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Ltd                              | Melco Resorts Finance Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |       950000 | PA      | $864662.52    | 0.20%             | 2027-07-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IHS Holding Ltd                                        | IHS Holding Ltd                                        | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      2300000 | PA      | $1942350.00   | 0.46%             | 2026-11-29      | 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      | $31.37        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Electricity Mumbai Ltd                           | Adani Electricity Mumbai Ltd                           | CUSIP: 00654GAA1<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |       700000 | PA      | $522224.14    | 0.12%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                       | Comision Federal de Electricidad                       | CUSIP: N/A<br>LEI: 4469000001BFPONMPF32       | Long             | DBT              | CORP              | MX        |      3216400 | PA      | $2745735.95   | 0.65%             | 2036-09-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                  | Hungary Government International Bond                  | CUSIP: 445545AS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      4150000 | PA      | $4290311.50   | 1.01%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Powerlong Real Estate Holdings Ltd                     | Powerlong Real Estate Holdings Ltd                     | CUSIP: N/A<br>LEI: 549300R3K12EPXCGDP22       | Long             | DBT              | CORP              | KY        |       500000 | PA      | $152460.00    | 0.04%             | 2024-08-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tunisian Republic                                      | Tunisian Republic                                      | CUSIP: N/A<br>LEI: 254900B5LFB16S9T2T11       | Long             | DBT              | NUSS              | TN        |      8525000 | PA      | $5543140.65   | 1.31%             | 2026-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Interest Rate Swaps                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   5700000000 | OU      | $29510.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Ltd                              | Melco Resorts Finance Ltd                              | CUSIP: 58547DAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |       300000 | PA      | $273051.32    | 0.06%             | 2027-07-17      | Fixed         | 5.63%                 | 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        |     20000000 | PA      | $4110903.34   | 0.97%             | 2026-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                        | Cemex SAB de CV                                        | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | DBT              | CORP              | MX        |      1300000 | PA      | $1199250.00   | 0.28%             | N/A             | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Tunisian Republic                                      | Tunisian Republic                                      | CUSIP: N/A<br>LEI: 254900B5LFB16S9T2T11       | Long             | DBT              | NUSS              | TN        |      1200000 | PA      | $779424.00    | 0.18%             | 2025-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Ltd                              | Melco Resorts Finance Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |      3050000 | PA      | $2734493.33   | 0.65%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Interest Rate Swaps                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  11200000000 | OU      | $57984.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                    | Petroleos Mexicanos                                    | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      2325000 | PA      | $1929902.15   | 0.46%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Stillwater Mining Co                                   | Stillwater Mining Co                                   | CUSIP: N/A<br>LEI: 6354007DPCY4ZN2MRR73       | Long             | DBT              | CORP              | US        |       200000 | PA      | $171376.00    | 0.04%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Energean Israel Finance Ltd                            | Energean Israel Finance Ltd                            | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |       800000 | PA      | $747000.00    | 0.18%             | 2026-03-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                        | Cemex SAB de CV                                        | CUSIP: 151290CA9<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |      1600000 | PA      | $1472320.00   | 0.35%             | N/A             | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Africa Finance Corp                                    | Africa Finance Corp                                    | CUSIP: 00830YAD3<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | CORP              | XX        |      4100000 | PA      | $3519686.00   | 0.83%             | 2028-04-28      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                 | Romanian Government International Bond                 | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      2250000 | PA      | $2070604.67   | 0.49%             | 2030-05-26      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                 | Romanian Government International Bond                 | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      1158000 | PA      | $949497.93    | 0.22%             | 2029-12-02      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Country Garden Holdings Co Ltd                         | Country Garden Holdings Co Ltd                         | CUSIP: N/A<br>LEI: 549300MGHLPT1EFHGF84       | Long             | DBT              | CORP              | KY        |       900000 | PA      | $684000.00    | 0.16%             | 2026-04-08      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Serbia International Bond                              | Serbia International Bond                              | CUSIP: 817477AG7<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |      1575000 | PA      | $1598625.00   | 0.38%             | 2028-05-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lamar Funding Ltd                                      | Lamar Funding Ltd                                      | CUSIP: N/A<br>LEI: 549300TSXHL7X0727895       | Long             | DBT              | CORP              | KY        |      2150000 | PA      | $2058444.40   | 0.49%             | 2025-05-07      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Iraq International Bond                                | Iraq International Bond                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | IQ        |      9484375 | PA      | $8777030.31   | 2.07%             | 2028-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $671.89       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                | Sri Lanka Government International Bond                | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |       800000 | PA      | $271864.62    | 0.06%             | 2023-04-18      | 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      | $4576.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                  | Ukraine Government International Bond                  | CUSIP: 90372UAR5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      1250000 | PA      | $248282.50    | 0.06%             | 2031-05-21      | 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       |     17850000 | OU      | $3065469.75   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Electricity Mumbai Ltd                           | Adani Electricity Mumbai Ltd                           | CUSIP: N/A<br>LEI: 335800AIC1B5EBFVUC38       | Long             | DBT              | CORP              | IN        |      2800000 | PA      | $2087787.10   | 0.49%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-469.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Stillwater Mining Co                                   | Stillwater Mining Co                                   | CUSIP: 86074QAP7<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |      4275000 | PA      | $3935137.50   | 0.93%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd                       | Galaxy Pipeline Assets Bidco Ltd                       | CUSIP: 36321PAD2<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |      2773980 | PA      | $2393517.91   | 0.57%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-69.88       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Angolan Government International Bond                  | Angolan Government International Bond                  | CUSIP: N/A<br>LEI: 549300QHR2R3J8JSGK83       | Long             | DBT              | NUSS              | AO        |       725000 | PA      | $669660.75    | 0.16%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bond                    | Saudi Government International Bond                    | CUSIP: 80413TBD0<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      3475000 | PA      | $3535812.50   | 0.84%             | 2033-07-18      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                   | Mexico Government International Bond                   | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      4850000 | PA      | $5148499.56   | 1.22%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bond                  | Senegal Government International Bond                  | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |       725000 | PA      | $711319.25    | 0.17%             | 2024-07-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-69.88       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                   | Tencent Holdings Ltd                                   | CUSIP: 88032XBB9<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |      1525000 | PA      | $1208012.19   | 0.29%             | 2041-04-22      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Leviathan Bond Ltd                                     | Leviathan Bond Ltd                                     | CUSIP: N/A<br>LEI: 254900D9T8VKYVQNZ220       | Long             | DBT              | CORP              | IL        |      2050000 | PA      | $2034625.00   | 0.48%             | 2025-06-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                           | SK Hynix Inc                                           | CUSIP: 78392BAD9<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |      1350000 | PA      | $1364269.51   | 0.32%             | 2026-01-17      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                   | Mexico Government International Bond                   | CUSIP: 91087BAT7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      5425000 | PA      | $5208142.73   | 1.23%             | 2033-05-19      | Fixed         | 4.88%                 | 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        |      9400000 | PA      | $7998543.22   | 1.89%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi National Oil Co                              | Abu Dhabi National Oil Co                              | CUSIP: N/A<br>LEI: 5493009O1JMLWDLTIC26       | Long             | DBT              | CORP              | AE        |      3800000 | PA      | $3604300.00   | 0.85%             | 2024-06-04      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                   | Tencent Holdings Ltd                                   | CUSIP: 88032XAH7<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |      3200000 | PA      | $2742606.40   | 0.65%             | 2038-01-19      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| 1MDB Global Investments Ltd                            | 1MDB Global Investments Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | VG        |      1000000 | PA      | $981755.63    | 0.23%             | 2023-03-09      | Fixed         | 4.40%                 | 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        |     46664045 | NS      | $46664044.55  | 11.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                    | Futures                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          221 | NC      | $242105.73    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stillwater Mining Co                                   | Stillwater Mining Co                                   | CUSIP: N/A<br>LEI: 6354007DPCY4ZN2MRR73       | Long             | DBT              | CORP              | US        |       450000 | PA      | $414225.00    | 0.10%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond              | El Salvador Government International Bond              | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |      1100000 | PA      | $519438.82    | 0.12%             | 2034-09-21      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Prosus NV                                              | Prosus NV                                              | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | DBT              | CORP              | NL        |      2850000 | PA      | $2443725.46   | 0.58%             | 2032-01-19      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Israel Government International Bond                   | Israel Government International Bond                   | CUSIP: 46514BRA7<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |      4875000 | PA      | $4879485.00   | 1.15%             | 2033-01-17      | 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      | $-23543.77    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                | Sasol Financing USA LLC                                | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |      1900000 | PA      | $1657750.00   | 0.39%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                  | Ukraine Government International Bond                  | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |      3950000 | PA      | $861210.60    | 0.20%             | 2028-09-01      | 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       |      4950000 | OU      | $1314724.95   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-777.78      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ICL Group Ltd                                          | ICL Group Ltd                                          | CUSIP: N/A<br>LEI: 529900FQVQD88SHIGM04       | Long             | DBT              | CORP              | IL        |      1400000 | PA      | $1398040.00   | 0.33%             | 2038-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CSN Inova Ventures                                     | CSN Inova Ventures                                     | CUSIP: N/A<br>LEI: 222100R8R68DM7VM3661       | Long             | DBT              | CORP              | KY        |      3050000 | PA      | $3045824.82   | 0.72%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Czech Republic Government Bond                         | Czech Republic Government Bond                         | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |     81400000 | PA      | $3416448.17   | 0.81%             | 2025-02-14      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Powerlong Real Estate Holdings Ltd                     | Powerlong Real Estate Holdings Ltd                     | CUSIP: N/A<br>LEI: 549300R3K12EPXCGDP22       | Long             | DBT              | CORP              | KY        |       400000 | PA      | $118252.00    | 0.03%             | 2026-05-13      | Fixed         | 4.90%                 | 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        |      1200000 | PA      | $1095842.76   | 0.26%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                  | Ukraine Government International Bond                  | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |      1400000 | PA      | $299572.00    | 0.07%             | 2027-09-01      | 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      | $-81786.92    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-3253.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                | Sri Lanka Government International Bond                | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |       550000 | PA      | $186559.74    | 0.04%             | 2024-06-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Interest Rate Swaps                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     86700000 | OU      | $108472.53    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-329.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Agency of Roads of Ukraine                       | State Agency of Roads of Ukraine                       | CUSIP: N/A<br>LEI: 254900FGEO8P5USHG994       | Long             | DBT              | NUSS              | UA        |      3489000 | PA      | $623414.52    | 0.15%             | 2030-06-24      | 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      | $4457.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Leviathan Bond Ltd                                     | Leviathan Bond Ltd                                     | CUSIP: N/A<br>LEI: 254900D9T8VKYVQNZ220       | Long             | DBT              | CORP              | IL        |      3525000 | PA      | $3467718.75   | 0.82%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Leviathan Bond Ltd                                     | Leviathan Bond Ltd                                     | CUSIP: N/A<br>LEI: 254900D9T8VKYVQNZ220       | Long             | DBT              | CORP              | IL        |      1900000 | PA      | $1895934.00   | 0.45%             | 2023-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Country Garden Holdings Co Ltd                         | Country Garden Holdings Co Ltd                         | CUSIP: N/A<br>LEI: 549300MGHLPT1EFHGF84       | Long             | DBT              | CORP              | KY        |      3200000 | PA      | $2192791.01   | 0.52%             | 2026-02-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Romania Government Bond                                | Romania Government Bond                                | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     14075000 | PA      | $2737722.44   | 0.65%             | 2029-02-12      | 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      | $117061.57    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $15.69        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                    | Petroleos Mexicanos                                    | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      1150000 | PA      | $920625.11    | 0.22%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-938.51      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania Government Bond                                | Romania Government Bond                                | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     13300000 | PA      | $2543381.55   | 0.60%             | 2029-07-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MAF Global Securities Ltd                              | MAF Global Securities Ltd                              | CUSIP: N/A<br>LEI: 54930037VUDNYTS17017       | Long             | DBT              | CORP              | KY        |      1075000 | PA      | $1114579.35   | 0.26%             | N/A             | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      1475000 | PA      | $1123035.50   | 0.27%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $336.42       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond              | El Salvador Government International Bond              | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |      3450000 | PA      | $1826879.33   | 0.43%             | 2029-02-28      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-69.88       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond              | El Salvador Government International Bond              | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |      3150000 | PA      | $1725093.28   | 0.41%             | 2027-01-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-114473.34   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $19134.84     | 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      | $20481.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Government International Bond                    | Saudi Government International Bond                    | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |       200000 | PA      | $181356.00    | 0.04%             | 2047-10-04      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bond                    | Saudi Government International Bond                    | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |      8475000 | PA      | $7583735.10   | 1.79%             | 2046-10-26      | 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      | $-122.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                  | Hungary Government International Bond                  | CUSIP: 445545AR7<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      4175000 | PA      | $4316599.30   | 1.02%             | 2028-05-22      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $331758.70    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Senegal Government International Bond                  | Senegal Government International Bond                  | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |      2425000 | PA      | $2329459.47   | 0.55%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                    | Petroleos Mexicanos                                    | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      1800000 | PA      | $1566039.60   | 0.37%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                 | Colombia Government International Bond                 | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |      4800000 | PA      | $3737407.30   | 0.88%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                 | Romanian Government International Bond                 | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      5300000 | PA      | $3925985.66   | 0.93%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Angolan Government International Bond                  | Angolan Government International Bond                  | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      5200000 | PA      | $4803084.00   | 1.14%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                | Sri Lanka Government International Bond                | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |       700000 | PA      | $245178.96    | 0.06%             | 2025-06-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond              | El Salvador Government International Bond              | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |      2250000 | PA      | $1057294.87   | 0.25%             | 2041-02-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil del Norte SA/Grand Cayman              | Banco Mercantil del Norte SA/Grand Cayman              | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |      4050000 | PA      | $3740019.28   | 0.88%             | N/A             | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                    | Ghana Government International Bond                    | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |       650000 | PA      | $452488.40    | 0.11%             | 2030-10-14      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| State Agency of Roads of Ukraine                       | State Agency of Roads of Ukraine                       | CUSIP: 857329AA4<br>LEI: 254900FGEO8P5USHG994 | Long             | DBT              | NUSS              | UA        |      2700000 | PA      | $482436.00    | 0.11%             | 2030-06-24      | 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      | $48.06        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                | Sri Lanka Government International Bond                | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | LK        |      8690000 | PA      | $3024171.44   | 0.71%             | 2025-11-03      | None          | 0.00%                 | 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        |       175000 | PA      | $148909.05    | 0.04%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                | Sasol Financing USA LLC                                | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |       925000 | PA      | $892625.00    | 0.21%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                                      | Kosmos Energy Ltd                                      | CUSIP: N/A<br>LEI: 213800YDFJ3OT9B5P157       | Long             | DBT              | CORP              | US        |      1950000 | PA      | $1665543.75   | 0.39%             | 2028-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FX Forwards                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |            1 | NC      | $-183.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                 | Standard Chartered PLC                                 | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      4750000 | PA      | $4868750.00   | 1.15%             | N/A             | Variable      | 7.75%                 | 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        |    111100000 | PA      | $20054608.63  | 4.74%             | 2027-01-01      | Fixed         | 9.76%                 | No            |                  2 | On Loan: No      |
| Corp Nacional del Cobre de Chile                       | Corp Nacional del Cobre de Chile                       | CUSIP: 21987BBF4<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |      1350000 | PA      | $1352683.29   | 0.32%             | 2033-02-02      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Ltd                              | Melco Resorts Finance Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |       500000 | PA      | $470000.00    | 0.11%             | 2026-04-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MC Brazil Downstream Trading SARL                      | MC Brazil Downstream Trading SARL                      | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |        46397 | PA      | $40471.21     | 0.01%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Mexican Bonos                                          | Mexican Bonos                                          | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    384400000 | PA      | $19025559.60  | 4.50%             | 2034-11-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                  | Ukraine Government International Bond                  | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |       875000 | PA      | $173797.75    | 0.04%             | 2031-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indonesia Treasury Bond                                | Indonesia Treasury Bond                                | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  30600000000 | PA      | $2140856.84   | 0.51%             | 2038-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Interest Rate Swaps                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  21600000000 | OU      | $302767.20    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCAR Turkey Enerji AS via Steas Funding 1 DAC         | SOCAR Turkey Enerji AS via Steas Funding 1 DAC         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | IE        |      2200000 | PA      | $2150500.00   | 0.51%             | 2026-03-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Credit Default Swaps                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     13800000 | OU      | $893660.40    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Controller