# EDGAR Filing Document

**Accession Number:** 0000790500
**File Stem:** 0001752724-25-137935
**Filing Date:** 2025-6
**Character Count:** 116552
**Document Hash:** 22663ebe455f5c51f459d2bac38c782a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-137935.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001752724-25-137935

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250613

**DATE AS OF CHANGE**: 20250613

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ABRDN ASIA-PACIFIC INCOME FUND, INC.
- **CENTRAL INDEX KEY:** 0000790500

**ORGANIZATION NAME:**
- **EIN:** 133334183
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04611
- **FILM NUMBER:** 251045361

**BUSINESS ADDRESS:**
- **STREET 1:** 1900 MARKET STREET
- **STREET 2:** SUITE 200
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103
- **BUSINESS PHONE:** 215-405-5700

**MAIL ADDRESS:**
- **STREET 1:** 1900 MARKET STREET
- **STREET 2:** SUITE 200
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABERDEEN ASIA-PACIFIC INCOME FUND INC
- **DATE OF NAME CHANGE:** 20041102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABERDEEN ASIA PACIFIC INCOME FUND INC
- **DATE OF NAME CHANGE:** 20010531

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABERDEN ASIA-PACIFIC INCOME FUND INC
- **DATE OF NAME CHANGE:** 20010531

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ABRDN ASIA-PACIFIC INCOME FUND, INC.

- **b. Investment Company Act file number:** 811-04611

- **c. CIK number of Registrant:** 0000790500

- **d. LEI of Registrant:** 549300J666ZH67203572

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

  - **Street Address 1:** 1900 Market Street

  - **City:** PHILADELPHIA

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19103

  - **Telephone number:** 215-405-5700

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

- **a. Name of Series:** ABRDN ASIA-PACIFIC INCOME FUND, INC.

- **c. LEI of Series:** 549300J666ZH67203572

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

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

- **b. Date as of which information is reported:** 2025-04-30

**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:** $1032617681.68

**Total Liabilities:** $344609754.70

**Net Assets:** $688007926.98

**Delayed Delivery Securities:** $5726581.38

**Cash Not Reported:** $17751210.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -667.10000000 | **1-Year:** -25761.44000000 | **5-Year:** -77971.65000000 | **10-Year:** -85169.04000000 | **30-Year:** -30820.61000000

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

- **3-Month:** -1337.46000000 | **1-Year:** -26826.71000000 | **5-Year:** -35941.70000000 | **10-Year:** -21951.96000000 | **30-Year:** -15318.22000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.70%                | 1.76%                | -0.30%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1389906.84             | $6715227.33                                |
| Month 2  | $-32155394.67            | $34892440.69                               |
| Month 3  | $-3825931.77             | $7243426.75                                |

**Designated Index Information**

- **Index Name:** Bloomberg Ausbond Composite Index (10%); Markit iBoxx Asian Local Bond Index (40%); JP Morgan Asia Credit Index - Diversified (35%);  JP Morgan GBI Emerging Market Global Diversified (15%)

- **Index Identifier:** (Blended performane benchmark) BACMO Index, IBXXALBI Index, JADICOTR Index, JGENVUUG Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHINA CONSTRUCTION BANK                    | China Construction Bank Corp                                                                                                      | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | DBT              | CORP              | CN        |     50000000 | PA      | $7016026.88   | 1.02%             | 2031-08-10      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                    | Studio City Finance Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |      3500000 | PA      | $3073277.38   | 0.45%             | 2029-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                    | European Bank for Reconstruction & Development                                                                                    | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    850000000 | PA      | $10118454.73  | 1.47%             | 2031-03-14      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                       | Airport Authority                                                                                                                 | CUSIP: 00946AAJ3<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |      1350000 | PA      | $1367900.95   | 0.20%             | 2033-01-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                          | HSBC Holdings PLC                                                                                                                 | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      6700000 | PA      | $6958660.20   | 1.01%             | 2028-03-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered PLC                                                                                                            | CUSIP: 853254DA5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      5000000 | PA      | $5009200.00   | 0.73%             | 2030-03-08      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED USD / SOLD IDR                                                                                                          | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |            1 | NC      | $849156.14    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| FAR EAST HORIZON LTD                       | Far East Horizon Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | DBT              | CORP              | HK        |      3670000 | PA      | $3584471.75   | 0.52%             | 2026-10-26      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| HUTCHISON WHAM INT 03/33                   | Hutchison Whampoa International 03/33 Ltd                                                                                         | CUSIP: 000000000<br>LEI: 254900B7MU61GFDN5511 | Long             | DBT              | CORP              | KY        |       980000 | PA      | $1124886.34   | 0.16%             | 2033-11-24      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| YUZHOU GROUP                               | Yuzhou Group Holdings Co Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |      7000000 | PA      | $507500.00    | 0.07%             | 2025-05-27      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                      | Melco Resorts Finance Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |      3000000 | PA      | $2894298.45   | 0.42%             | 2032-04-17      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| WESFARMERS LTD                             | Wesfarmers Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 5493003L32ZX9557ST85 | Long             | DBT              | CORP              | AU        |     15000000 | PA      | $8327856.63   | 1.21%             | 2031-06-23      | Fixed         | 2.55%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                      | Melco Resorts Finance Ltd                                                                                                         | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |      4769000 | PA      | $4600969.77   | 0.67%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   1118370000 | PA      | $20868458.83  | 3.03%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds     | Nigeria Government International Bonds                                                                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      8100000 | PA      | $7482132.00   | 1.09%             | 2031-01-21      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    440220000 | PA      | $7883263.20   | 1.15%             | 2034-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WEIBO CORP                                 | Weibo Corp                                                                                                                        | CUSIP: 948596AE1<br>LEI: 549300Q9ID4640FE0422 | Long             | DBT              | CORP              | KY        |      4500000 | PA      | $4129530.75   | 0.60%             | 2030-07-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 300000000000 | PA      | $19770361.45  | 2.87%             | 2031-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS MU                   | Greenko Wind Projects Mauritius Ltd                                                                                               | CUSIP: 39531JAB0<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |      7450000 | PA      | $7212835.21   | 1.05%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                        | Bangkok Bank PCL/Hong Kong                                                                                                        | CUSIP: 06000GAA9<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |      6500000 | PA      | $6422063.51   | 0.93%             | 2040-03-25      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                   | Medco Maple Tree Pte Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |      3506000 | PA      | $3595837.74   | 0.52%             | 2029-04-27      | Fixed         | 8.96%                 | Yes           |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                                                                              | CUSIP: 961214FR9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |       250000 | PA      | $252345.04    | 0.04%             | 2026-04-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| KOREA TREASURY BOND                        | Korea Treasury Bond                                                                                                               | CUSIP: 000000000<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |  18300000000 | PA      | $12819172.66  | 1.86%             | 2052-03-10      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| POWER GRID CORP OF INDIA                   | Power Grid Corp of India Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | DBT              | CORP              | IN        |    500000000 | PA      | $6108168.73   | 0.89%             | 2028-04-25      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                          | Vedanta Resources Finance II PLC                                                                                                  | CUSIP: 92243XAL5<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      1800000 | PA      | $1632916.91   | 0.24%             | 2033-04-24      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                        | Muthoot Finance Ltd                                                                                                               | CUSIP: 62828L2C6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |      2389000 | PA      | $2373924.98   | 0.35%             | 2028-02-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                   | OCP SA                                                                                                                            | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |      2672000 | PA      | $2625240.00   | 0.38%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered PLC                                                                                                            | CUSIP: 853254CS7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      7276000 | PA      | $7557041.76   | 1.10%             | 2029-01-09      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    260310000 | PA      | $5252914.91   | 0.76%             | 2035-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  65000000000 | PA      | $3969463.86   | 0.58%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CFAMC III CO LTD                           | CFAMC III Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |      7500000 | PA      | $7413750.00   | 1.08%             | 2027-04-27      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PERIAMA HOLDINGS LLC/DE                    | Periama Holdings LLC/DE                                                                                                           | CUSIP: 000000000<br>LEI: 254900NINXO00BLT2Z47 | Long             | DBT              | CORP              | US        |      2280000 | PA      | $2269455.00   | 0.33%             | 2026-04-19      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| BUSAN BANK                                 | Busan Bank Co Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 98840019Y9P721BO0L96 | Long             | DBT              | CORP              | KR        |      5100000 | PA      | $5016674.52   | 0.73%             | 2026-07-25      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                         | Angolan Government International Bond                                                                                             | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      7000000 | PA      | $6842696.00   | 0.99%             | 2025-11-12      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                         | JSW Infrastructure Ltd                                                                                                            | CUSIP: 000000000<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |      1600000 | PA      | $1527983.02   | 0.22%             | 2029-01-21      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                     | Commonwealth Bank of Australia                                                                                                    | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |      7500000 | PA      | $5142288.61   | 0.75%             | 2038-03-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PHOENIX LEAD LTD                           | Phoenix Lead Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 25490010UJKLIJ8C4V48 | Long             | DBT              | CORP              | VG        |      3100000 | PA      | $2399678.23   | 0.35%             | 2025-08-23      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                     | Indian Railway Finance Corp Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |     50000000 | PA      | $620167.19    | 0.09%             | 2028-12-04      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| AC ENERGY FIN INTL LTD                     | AC Energy Finance International Ltd                                                                                               | CUSIP: 000000000<br>LEI: 549300Z8J2RSBCDEY136 | Long             | DBT              | CORP              | KY        |      3400000 | PA      | $2791612.94   | 0.41%             | 2025-11-25      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| REC LTD                                    | REC Ltd                                                                                                                           | CUSIP: 74947LAE4<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |      5000000 | PA      | $4951576.65   | 0.72%             | 2029-09-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KOREA HOUSING FINANCE CO                   | Korea Housing Finance Corp                                                                                                        | CUSIP: 50065RAU1<br>LEI: 9884002AAOBT56QW9B80 | Long             | DBT              | NUSS              | KR        |      5000000 | PA      | $5150035.65   | 0.75%             | 2030-01-21      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                         | JSW Infrastructure Ltd                                                                                                            | CUSIP: 46654XAA7<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |      3420000 | PA      | $3266063.71   | 0.47%             | 2029-01-21      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HLDGS LTD                     | Shimao Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |      4400000 | PA      | $223036.00    | 0.03%             | 2024-02-21      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 200000000000 | PA      | $13022048.19  | 1.89%             | 2029-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                               | Shinhan Bank Co Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |      5900000 | PA      | $5869276.69   | 0.85%             | 2028-03-26      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| PERTAMINA GEOTHERMAL ENE                   | Pertamina Geothermal Energy PT                                                                                                    | CUSIP: 69379VAA7<br>LEI: 2549009CVV6Y7H26NV14 | Long             | DBT              | CORP              | ID        |      2892000 | PA      | $2903500.21   | 0.42%             | 2028-04-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd                            | Sands China Ltd                                                                                                                   | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |      5000000 | PA      | $4919557.00   | 0.72%             | 2028-08-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                    | National Australia Bank Ltd                                                                                                       | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      7500000 | PA      | $4957281.71   | 0.72%             | 2032-08-03      | Fixed         | 6.32%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                          | HSBC Holdings PLC                                                                                                                 | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      3500000 | PA      | $3720645.71   | 0.54%             | 2028-11-03      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| BAPCO ENERGIES BSCC                        | Bapco Energies BSC Closed                                                                                                         | CUSIP: 67778NAA6<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |      2500000 | PA      | $2559520.00   | 0.37%             | 2027-10-25      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    270000000 | PA      | $3371654.31   | 0.49%             | 2033-02-06      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                     | MGM China Holdings Ltd                                                                                                            | CUSIP: 55300RAJ0<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |      3600000 | PA      | $3615235.20   | 0.53%             | 2031-06-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    500000000 | PA      | $5820651.90   | 0.85%             | 2034-09-16      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| HDFC BANK LTD                              | HDFC Bank Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | DBT              | CORP              | IN        |    660000000 | PA      | $7977809.93   | 1.16%             | 2033-01-27      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LTD                        | Sammaan Capital Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |      2334000 | PA      | $2290830.34   | 0.33%             | 2027-07-03      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| TAJIKISTAN INT BOND                        | Republic of Tajikistan International Bond                                                                                         | CUSIP: 000000000<br>LEI: 529900W1LSYUF3CYVU10 | Long             | DBT              | NUSS              | TJ        |      2500000 | PA      | $2445787.50   | 0.36%             | 2027-09-14      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED USD / SOLD IDR                                                                                                          | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |            1 | NC      | $595741.36    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds   | Indonesia Government International Bonds                                                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     12880000 | PA      | $16057957.49  | 2.33%             | 2035-10-12      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| UBS AG                                     | PURCHASED USD / SOLD PHP                                                                                                          | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $-1452251.02  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| GLOBE TELECOM INC                          | Globe Telecom Inc                                                                                                                 | CUSIP: 000000000<br>LEI: 254900GPWI1816YIM923 | Long             | DBT              | CORP              | PH        |      2097000 | PA      | $2049294.93   | 0.30%             | 2026-08-02      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED CNH / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | CN        |            1 | NC      | $30184.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                   | Long: B20948775 IRS USD R V 00MSOFR SL_2720948775_RECEIVE CCPOIS / Short: B20948775 IRS USD P F  3.39600 SL_2720948775_PAY CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     31000000 | OU      | $-98637.35    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED IDR / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | ID        |            1 | NC      | $-810514.27   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED IDR / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | ID        |            1 | NC      | $-1155288.54  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| KOREA ELECTRIC POWER CO                    | Korea Electric Power Corp                                                                                                         | CUSIP: 500631AZ9<br>LEI: 988400QG33WS7JEIV602 | Long             | DBT              | NUSS              | KR        |      5000000 | PA      | $5063863.10   | 0.74%             | 2026-07-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CAS CAPITAL NO1 LTD                        | CAS Capital No 1 Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 254900REJZW5L9QRTD85 | Long             | DBT              | CORP              | VG        |      7000000 | PA      | $6695160.22   | 0.97%             | 2026-07-12      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                          | Rakuten Group Inc                                                                                                                 | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |      4500000 | PA      | $4809226.32   | 0.70%             | 2027-02-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| UPL Corp Ltd                               | UPL Corp Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 213800AQLATW4WEEH674 | Long             | DBT              | CORP              | MU        |      3941000 | PA      | $3629265.72   | 0.53%             | 2028-03-08      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BANK NEGARA INDONESIA                      | Bank Negara Indonesia Persero Tbk PT                                                                                              | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | DBT              | CORP              | ID        |      3930000 | PA      | $3694414.38   | 0.54%             | 2027-03-24      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| IVORY COAST                                | Ivory Coast Government International Bond                                                                                         | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      5000000 | PA      | $4591090.00   | 0.67%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                         | Dominican Republic International Bond                                                                                             | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    219950000 | PA      | $4337969.73   | 0.63%             | 2033-02-03      | Fixed         | 13.63%                | Yes           |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 240000000000 | PA      | $15298698.80  | 2.22%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |      5000000 | PA      | $1174229.43   | 0.17%             | 2028-06-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                   | Brazil Notas do Tesouro Nacional Serie F                                                                                          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     73000000 | PA      | $11612247.11  | 1.69%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                    | Australia & New Zealand Banking Group Ltd                                                                                         | CUSIP: 000000000<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |       900000 | PA      | $589483.58    | 0.09%             | 2032-08-12      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    325000000 | PA      | $3899729.49   | 0.57%             | 2027-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                       | Fortune Star BVI Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |      2600000 | PA      | $2508159.00   | 0.36%             | 2026-05-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VEDANTA RESOURCES                          | Vedanta Resources Finance II PLC                                                                                                  | CUSIP: 92243XAJ0<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      1000000 | PA      | $985887.62    | 0.14%             | 2028-06-03      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| PRUDENTIAL FUNDING ASIA                    | Prudential Funding Asia PLC                                                                                                       | CUSIP: 000000000<br>LEI: 2549005TNASWKLR0XC37 | Long             | DBT              | CORP              | GB        |      5400000 | PA      | $4981651.20   | 0.72%             | 2033-11-03      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| KOOKMIN BANK                               | Kookmin Bank                                                                                                                      | CUSIP: 50050GAN8<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |      2000000 | PA      | $1769967.08   | 0.26%             | 2030-11-04      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                   | Shimao Group Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |      2800000 | PA      | $143528.00    | 0.02%             | 2026-07-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ZHONGSHENG GROUP                           | Zhongsheng Group Holdings Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 3003005VYMEBAJNJ2Y26 | Long             | DBT              | CORP              | KY        |      4810000 | PA      | $4706234.54   | 0.68%             | 2028-01-30      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |   1340000000 | PA      | $16475185.70  | 2.39%             | 2029-01-14      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                              | AIA Group Ltd                                                                                                                     | CUSIP: 00131LAN5<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |      5000000 | PA      | $5171839.25   | 0.75%             | 2027-10-25      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HDFC BANK LTD                              | HDFC Bank Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | DBT              | CORP              | IN        |    750000000 | PA      | $8940450.09   | 1.30%             | 2026-09-21      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                      | Mineral Resources Ltd                                                                                                             | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |      6000000 | PA      | $5698335.00   | 0.83%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 271570000000 | PA      | $16207657.51  | 2.36%             | 2028-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                    | Mexican Bonos                                                                                                                     | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    469000000 | PA      | $23746435.84  | 3.45%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                    | International Bank for Reconstruction & Development                                                                               | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1250000000 | PA      | $15004512.70  | 2.18%             | 2031-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                     | US 10YR NOTE (CBT)JUN25                                                                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -131 | NC      | $-187158.79   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |   1500000000 | PA      | $19036264.37  | 2.77%             | 2062-09-19      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                      | Muangthai Capital PCL                                                                                                             | CUSIP: 000000000<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |      2624000 | PA      | $2576405.81   | 0.37%             | 2028-09-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Santos Finance Ltd                         | Santos Finance Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |      4900000 | PA      | $4803595.34   | 0.70%             | 2027-09-14      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| AXIS BANK GANDHINAGAR                      | Axis Bank Ltd/Gandhinagar                                                                                                         | CUSIP: 05464XAA3<br>LEI: 549300HVNWMJPOFVNI41 | Long             | DBT              | CORP              | IN        |      7600000 | PA      | $7277906.91   | 1.06%             | 2026-09-08      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    435710000 | PA      | $9453713.49   | 1.37%             | 2034-11-05      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    148140000 | PA      | $2719358.76   | 0.40%             | 2033-08-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                        | Shriram Finance Ltd                                                                                                               | CUSIP: 82556FAA0<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |      5000000 | PA      | $4973966.00   | 0.72%             | 2027-04-22      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| GMR HYDERABAD INTERNATIO                   | GMR Hyderabad International Airport Ltd                                                                                           | CUSIP: 36256WAC8<br>LEI: 335800NSPGIN89SVOU83 | Long             | DBT              | CORP              | IN        |      1200000 | PA      | $1185076.60   | 0.17%             | 2026-02-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PERENTI FINANCE PTY LTD                    | Perenti Finance Pty Ltd                                                                                                           | CUSIP: 71367VAB5<br>LEI: 894500ZDIIAOXSQHE612 | Long             | DBT              | CORP              | AU        |      5000000 | PA      | $5187500.00   | 0.75%             | 2029-04-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                   | Saudi Government International Bond                                                                                               | CUSIP: 80413TBH1<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      3000000 | PA      | $2835390.00   | 0.41%             | 2054-01-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                               | SK Hynix Inc                                                                                                                      | CUSIP: 78392BAF4<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |      5400000 | PA      | $5747575.43   | 0.84%             | 2033-01-17      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NATL HIGHWAYS AUTH OF IN                   | National Highways Authority of India                                                                                              | CUSIP: 000000000<br>LEI: 335800P7TS317PBS7B04 | Long             | DBT              | NUSS              | IN        |    150000000 | PA      | $1829167.74   | 0.27%             | 2029-09-13      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| DP WORLD LTD UAE                           | DP World Ltd/United Arab Emirates                                                                                                 | CUSIP: 000000000<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |      2700000 | PA      | $2956500.00   | 0.43%             | 2037-07-02      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| KHAZANAH CAPITAL LTD                       | Khazanah Capital Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 213800O6O4S6ZMOA9R34 | Long             | DBT              | CORP              | MY        |      5100000 | PA      | $4972746.94   | 0.72%             | 2034-09-05      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| GLOBE TELECOM INC                          | Globe Telecom Inc                                                                                                                 | CUSIP: 000000000<br>LEI: 254900GPWI1816YIM923 | Long             | DBT              | CORP              | PH        |      2000000 | PA      | $1587359.20   | 0.23%             | 2035-07-23      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                       | Tencent Holdings Ltd                                                                                                              | CUSIP: 88032XBC7<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |      5200000 | PA      | $3835484.69   | 0.56%             | 2051-04-22      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| EMECO PTY LTD                              | Emeco Pty Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 549300487GWW3BZDSX84 | Long             | DBT              | CORP              | AU        |      1000000 | PA      | $620321.58    | 0.09%             | 2026-07-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                          | Vedanta Resources Finance II PLC                                                                                                  | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      1700000 | PA      | $1649758.37   | 0.24%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                     | Industrial & Commercial Bank of China Ltd                                                                                         | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |     50000000 | PA      | $6967499.38   | 1.01%             | 2030-11-16      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |      9590000 | PA      | $128289.28    | 0.02%             | 2030-09-30      | Fixed         | 9.20%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  98500000000 | PA      | $6587217.17   | 0.96%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                               | UBS Group AG                                                                                                                      | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      1600000 | PA      | $1788464.00   | 0.26%             | 2033-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CHINA HONGQIAO GROUP LTD                   | China Hongqiao Group Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | DBT              | CORP              | KY        |      2300000 | PA      | $2315013.55   | 0.34%             | 2028-01-10      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| TENAGA NASIONAL BERHAD                     | Tenaga Nasional Bhd                                                                                                               | CUSIP: 000000000<br>LEI: 549300FV8X6UID6I1413 | Long             | DBT              | CORP              | MY        |      2700000 | PA      | $2732679.23   | 0.40%             | 2096-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                     | Power Finance Corp Ltd                                                                                                            | CUSIP: 73928RAA4<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |      7112000 | PA      | $7396552.90   | 1.08%             | 2028-12-06      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                      | Alibaba Group Holding Ltd                                                                                                         | CUSIP: 01609WBL5<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |      5250000 | PA      | $4986915.89   | 0.72%             | 2054-11-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Petroliam Nasional BHD                     | Petroliam Nasional Bhd                                                                                                            | CUSIP: 000000000<br>LEI: 5493003RZQYJM7QGNE15 | Long             | DBT              | CORP              | MY        |      2000000 | PA      | $2087028.56   | 0.30%             | 2026-10-15      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| MEITUAN                                    | Meituan                                                                                                                           | CUSIP: 58533EAF0<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |      5000000 | PA      | $4972823.30   | 0.72%             | 2029-10-02      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                      | MAF Global Securities Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |      2500000 | PA      | $2568695.00   | 0.37%             | 2027-06-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PAKISTAN T-BILL                            | Pakistan Treasury Bills                                                                                                           | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |   5295000000 | PA      | $18637941.18  | 2.71%             | 2025-05-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  21000000000 | PA      | $1251954.22   | 0.18%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                       | Petronas Capital Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |      2600000 | PA      | $2216311.24   | 0.32%             | 2060-04-21      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| PAKISTAN INVESTMENT BOND                   | Pakistan Investment Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |   2400000000 | PA      | $8889653.61   | 1.29%             | 2027-09-20      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                   | Greensaif Pipelines Bidco Sarl                                                                                                    | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |      5014000 | PA      | $4969876.80   | 0.72%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| NWD MTN LTD                                | NWD MTN Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 254900STSWBVJ5FV9O74 | Long             | DBT              | CORP              | VG        |      2400000 | PA      | $1837324.42   | 0.27%             | 2028-02-08      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| Pakistan Government International Bonds    | Pakistan Government International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      3000000 | PA      | $2634816.00   | 0.38%             | 2027-12-05      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| REC LTD                                    | REC Ltd                                                                                                                           | CUSIP: 74947LAD6<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |      3443000 | PA      | $3511383.94   | 0.51%             | 2028-04-11      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                     | Industrial & Commercial Bank of China Ltd                                                                                         | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |     30000000 | PA      | $4224746.90   | 0.61%             | 2032-01-20      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| BANK MANDIRI PT                            | Bank Mandiri Persero Tbk PT                                                                                                       | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | DBT              | CORP              | ID        |      2216000 | PA      | $2229494.00   | 0.32%             | 2026-04-04      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HUTCHISON WHAMPOA FIN                      | Hutchison Whampoa Finance CI Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 254900R3BZU6S8ZU0L15 | Long             | DBT              | CORP              | KY        |     15500000 | PA      | $16484479.25  | 2.40%             | 2027-08-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MAHARASTRA                                 | State of Maharashtra India                                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | IN        |    300000000 | PA      | $3605635.40   | 0.52%             | 2027-08-09      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                       | Fortune Star BVI Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |      2500000 | PA      | $2479764.70   | 0.36%             | 2028-05-19      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED USD / SOLD MXN                                                                                                          | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-10895.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                       | Petronas Capital Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |      5800000 | PA      | $4955938.47   | 0.72%             | 2032-01-28      | Fixed         | 2.48%                 | Yes           |                  2 | On Loan: No      |
| PAKISTAN GLOBAL SUKUK                      | Pakistan Global Sukuk Programme Co Ltd/The                                                                                        | CUSIP: 69583PAA2<br>LEI: 213800X5OY6CVYNY1M70 | Long             | DBT              | NUSS              | PK        |      6245000 | PA      | $5483110.00   | 0.80%             | 2029-01-31      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    721000000 | PA      | $9228211.14   | 1.34%             | 2036-05-23      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                   | Development Bank of Kazakhstan JSC                                                                                                | CUSIP: 25159XAC7<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   3265000000 | PA      | $6023062.45   | 0.88%             | 2026-05-06      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                     | Corp Andina de Fomento                                                                                                            | CUSIP: 000000000<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | XX        |    320000000 | PA      | $3976831.05   | 0.58%             | 2034-04-26      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds | Philippines Government International Bonds                                                                                        | CUSIP: 718286BG1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |      6500000 | PA      | $7107924.01   | 1.03%             | 2034-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                    | Hyundai Capital America                                                                                                           | CUSIP: 44891ACV7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      2800000 | PA      | $2814332.11   | 0.41%             | 2031-01-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HEALTH AND HAPPINESS H&H                   | Health & Happiness H&H International Holdings Ltd                                                                                 | CUSIP: 000000000<br>LEI: 2138007WU5DJFZFDDV59 | Long             | DBT              | CORP              | KY        |      1200000 | PA      | $1198693.31   | 0.17%             | 2028-07-24      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                | BNP Paribas SA                                                                                                                    | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |      5240000 | PA      | $5461562.92   | 0.79%             | 2028-08-14      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  44000000000 | PA      | $2739450.60   | 0.40%             | 2040-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                   | Navoi Mining & Metallurgical Combinat                                                                                             | CUSIP: 63890CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |      2348000 | PA      | $2365231.97   | 0.34%             | 2031-10-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                    | Inter-American Development Bank                                                                                                   | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    850000000 | PA      | $10318445.88  | 1.50%             | 2033-04-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    755000000 | PA      | $14876361.98  | 2.16%             | 2031-07-19      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHINA OIL & GAS GROUP                      | China Oil & Gas Group Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 52990063CVI7GDV4JZ06 | Long             | DBT              | CORP              | BM        |      5000000 | PA      | $4792504.95   | 0.70%             | 2026-06-30      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| GLP PTE LTD                                | GLP Pte Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 254900PC2NNG9BLIJO15 | Long             | DBT              | CORP              | SG        |      4538000 | PA      | $2651446.21   | 0.39%             | 2026-05-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                     | US ULTRA BOND CBT JUN25                                                                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          193 | NC      | $-109430.38   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                   | Uruguay Government International Bond                                                                                             | CUSIP: 917288BM3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     79419234 | PA      | $1766447.08   | 0.26%             | 2031-05-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DUBAI GOVT INT'L BONDS                     | Emirate of Dubai Government International Bonds                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |      6800000 | PA      | $4847380.00   | 0.70%             | 2050-09-09      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                     | Galaxy Pipeline Assets Bidco Ltd                                                                                                  | CUSIP: 36321PAB6<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |      7237000 | PA      | $6097170.69   | 0.89%             | 2036-03-31      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                   | Republic of South Africa Government Bond                                                                                          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    165000000 | PA      | $7351422.57   | 1.07%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                    | Hyundai Capital America                                                                                                           | CUSIP: 44891CBL6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      5100000 | PA      | $5332203.26   | 0.78%             | 2030-04-08      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                    | Pakistan Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      1855000 | PA      | $1457288.00   | 0.21%             | 2031-04-08      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| LCH Ltd.                                   | Long: B71731555 IRS USD R V 00MSOFR SL_2717315556_RECEIVE CCPOIS / Short: B71731555 IRS USD P F  3.40020 SL_2717315556_PAY CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     20000000 | OU      | $75120.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                   | Brazil Notas do Tesouro Nacional Serie F                                                                                          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     30000000 | PA      | $4370139.43   | 0.64%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MANAPPURAM FINANCE LTD                     | Manappuram Finance Ltd                                                                                                            | CUSIP: 000000000<br>LEI: 335800JL5WTUSKOSPN77 | Long             | DBT              | CORP              | IN        |      2500000 | PA      | $2483236.78   | 0.36%             | 2028-05-12      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED USD / SOLD IDR                                                                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-1287227.70  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                    | PURCHASED USD / SOLD CNH                                                                                                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |            1 | NC      | $112592.67    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                        | Bangkok Bank PCL/Hong Kong                                                                                                        | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |      1200000 | PA      | $1364134.96   | 0.20%             | 2029-03-15      | Fixed         | 9.03%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                    | Teva Pharmaceutical Finance Netherlands III BV                                                                                    | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |      1200000 | PA      | $1286235.60   | 0.19%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                   | Long: B17315554 IRS USD R V 00MSOFR SL_2717315554_RECEIVE OIS / Short: B17315554 IRS USD P F  3.38270 SLI_2717315554_PAY OIS      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     25000000 | OU      | $233123.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| INDIA GREEN POWER HOLD                     | India Green Power Holdings                                                                                                        | CUSIP: 45410LAA0<br>LEI: 254900I7N0GT4VVL6V29 | Long             | DBT              | CORP              | MU        |      6128595 | PA      | $5833630.20   | 0.85%             | 2027-02-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                    | National Australia Bank Ltd                                                                                                       | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      1500000 | PA      | $991581.25    | 0.14%             | 2033-03-09      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| SCIENCE CITY GZ INV GRP                    | Science City Guangzhou Investment Group Co Ltd                                                                                    | CUSIP: 000000000<br>LEI: 30030084X5FIH4GPJV94 | Long             | DBT              | CORP              | CN        |      4950000 | PA      | $4964853.07   | 0.72%             | 2025-08-05      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| WANDA PROPERTIES GLOBA                     | Wanda Properties Global Co Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 549300XK04MG2KHWVP36 | Long             | DBT              | CORP              | VG        |      2025000 | PA      | $1937115.00   | 0.28%             | 2026-01-12      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                                                                              | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |      5000000 | PA      | $3466817.58   | 0.50%             | 2038-06-23      | Fixed         | 6.93%                 | Yes           |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LTD                        | Sammaan Capital Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |    100000000 | PA      | $1160882.42   | 0.17%             | 2026-04-29      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                     | Commonwealth Bank of Australia                                                                                                    | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |      4000000 | PA      | $2682393.45   | 0.39%             | 2032-11-09      | Fixed         | 6.86%                 | Yes           |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                    | Pakistan Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      2709000 | PA      | $2662947.00   | 0.39%             | 2025-09-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  69000000000 | PA      | $4544813.86   | 0.66%             | 2036-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     14800000 | PA      | $3440172.40   | 0.50%             | 2050-06-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     16500000 | PA      | $4204593.55   | 0.61%             | 2042-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                   | Kaisa Group Holdings Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |       700000 | PA      | $29750.00     | 0.00%             | 2023-09-28      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| HONGKONG LAND FINANCE                      | Hongkong Land Finance Cayman Islands Co Ltd/The                                                                                   | CUSIP: 000000000<br>LEI: 254900OHTMO343QAXN81 | Long             | DBT              | CORP              | KY        |      5000000 | PA      | $5006428.35   | 0.73%             | 2033-07-14      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED USD / SOLD MXN                                                                                                          | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-611465.09   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    733000000 | PA      | $9310959.97   | 1.35%             | 2036-12-19      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 230000000000 | PA      | $13951855.42  | 2.03%             | 2038-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                      | Nippon Life Insurance Co                                                                                                          | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |      3170000 | PA      | $3216070.50   | 0.47%             | 2055-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LLPL Capital Pte Ltd                       | LLPL Capital Pte Ltd                                                                                                              | CUSIP: 50201PAA4<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |      4454100 | PA      | $4386276.97   | 0.64%             | 2039-02-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED USD / SOLD KRW                                                                                                          | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |            1 | NC      | $-108248.90   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Export-Import Bank of India                | Export-Import Bank of India                                                                                                       | CUSIP: 30216KAG7<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |      2500000 | PA      | $2543670.13   | 0.37%             | 2033-01-18      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| TONGYANGLIFEINSURANCECO                    | Tongyang Life Insurance Co Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 9884007L6E9UAWKGCX42 | Long             | DBT              | CORP              | KR        |      5738000 | PA      | $5735826.16   | 0.83%             | 2035-05-07      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| HDFC BANK LTD                              | HDFC Bank Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | DBT              | CORP              | IN        |    100000000 | PA      | $1191070.47   | 0.17%             | 2026-08-24      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 235000000000 | PA      | $14017325.30  | 2.04%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     17000000 | PA      | $3987731.17   | 0.58%             | 2034-07-05      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                      | NWD Finance BVI Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |      6900000 | PA      | $3452344.28   | 0.50%             | 2026-03-22      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                    | International Bank for Reconstruction & Development                                                                               | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    817000000 | PA      | $9821245.59   | 1.43%             | 2029-07-22      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| GLP CHINA HOLDINGS LTD                     | GLP China Holdings Ltd                                                                                                            | CUSIP: 000000000<br>LEI: 254900C6X2D3TGF2CO98 | Long             | DBT              | CORP              | HK        |      3962000 | PA      | $3657111.38   | 0.53%             | 2026-03-29      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| IIFL FINANCE LTD                           | IIFL Finance Ltd                                                                                                                  | CUSIP: 44964HAA2<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | CORP              | IN        |      2348000 | PA      | $2230600.00   | 0.32%             | 2028-07-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED USD / SOLD IDR                                                                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-1441132.78  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  16000000000 | PA      | $1091103.61   | 0.16%             | 2031-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                    | National Australia Bank Ltd                                                                                                       | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      2000000 | PA      | $2101575.82   | 0.31%             | 2033-01-12      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| UBS AG                                     | PURCHASED SGD / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | SG        |            1 | NC      | $169764.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WOORI BANK                                 | Woori Bank                                                                                                                        | CUSIP: 98105TAA2<br>LEI: 549300VUVMRL6RE7R376 | Long             | DBT              | CORP              | KR        |      3500000 | PA      | $3488315.11   | 0.51%             | 2029-07-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors               | State Street Institutional US Government Money Market Fund                                                                        | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |     12246338 | NS      | $12246337.58  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| AAC TECHNOLOGIES HOLDING                   | AAC Technologies Holdings Inc                                                                                                     | CUSIP: 000000000<br>LEI: 549300SKEDE1VKS0A552 | Long             | DBT              | CORP              | KY        |      1800000 | PA      | $1614513.01   | 0.23%             | 2031-06-02      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| WYNN MACAU LTD                             | Wynn Macau Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |      6000000 | PA      | $5727024.84   | 0.83%             | 2028-08-26      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                      | MAF Global Securities Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |      1500000 | PA      | $1496866.88   | 0.22%             | 2026-03-20      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                         | Macquarie Bank Ltd                                                                                                                | CUSIP: 556079AC5<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |      4245000 | PA      | $3939102.33   | 0.57%             | 2030-06-03      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PRESS METAL ALUMINIUM                      | Press Metal Aluminium Holdings Bhd                                                                                                | CUSIP: 000000000<br>LEI: 254900RO5GQ4M0YV5S47 | Long             | DBT              | CORP              | MY        |      5000000 | PA      | $1160162.63   | 0.17%             | 2025-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EGYPT TASKEEK CO                           | Egyptian Financial Co for Sovereign Taskeek/The                                                                                   | CUSIP: 000000000<br>LEI: 894500CX5LI3HIC87H85 | Long             | DBT              | NUSS              | EG        |      5000000 | PA      | $5138150.00   | 0.75%             | 2026-02-28      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| GEORGIA GLOBAL UTILITIES                   | Georgia Global Utilities JSC                                                                                                      | CUSIP: 373196AB0<br>LEI: 213800JCP8ERP6FTOL26 | Long             | DBT              | CORP              | GE        |      4119000 | PA      | $4163476.96   | 0.61%             | 2029-07-25      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| POWER GRID CORP OF INDIA                   | Power Grid Corp of India Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | DBT              | CORP              | IN        |    150000000 | PA      | $1814431.18   | 0.26%             | 2027-04-25      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED MXN / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | MX        |            1 | NC      | $-5654.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                           | LG Energy Solution Ltd                                                                                                            | CUSIP: 50205MAG4<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |      4330000 | PA      | $4304729.30   | 0.63%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds | Philippines Government International Bonds                                                                                        | CUSIP: 718286CX3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |      5200000 | PA      | $5049489.69   | 0.73%             | 2048-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                   | Republic of South Africa Government Bond                                                                                          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    256987600 | PA      | $12817648.59  | 1.86%             | 2032-03-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                     | US 5YR NOTE (CBT) JUN25                                                                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          453 | NC      | $938373.21    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                   | Asian Infrastructure Investment Bank/The                                                                                          | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    550000000 | PA      | $6475552.14   | 0.94%             | 2033-06-30      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  34000000000 | PA      | $2015800.60   | 0.29%             | 2034-02-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    250000000 | PA      | $3139994.41   | 0.46%             | 2037-07-24      | Fixed         | 7.18%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds   | Indonesia Government International Bonds                                                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |      6000000 | PA      | $7217431.98   | 1.05%             | 2038-01-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Standard Chartered Bank                    | PURCHASED THB / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | TH        |            1 | NC      | $450307.07    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                                                                              | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |      5000000 | PA      | $3339796.48   | 0.49%             | 2033-06-23      | Fixed         | 6.49%                 | Yes           |                  2 | On Loan: No      |
| PENGERANG LNG TWO                          | Pengerang LNG Two Sdn Bhd                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MY        |      5000000 | PA      | $1121022.42   | 0.16%             | 2029-10-19      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     42000000 | PA      | $10077274.62  | 1.46%             | 2044-05-16      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| NETWORK I2I LTD                            | Network i2i Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 2549003L8M1FGHLHOX45 | Long             | DBT              | CORP              | MU        |      2800000 | PA      | $2737759.92   | 0.40%             | 2026-03-03      | Fixed         | 3.98%                 | Yes           |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                   | Export-Import Bank of Korea                                                                                                       | CUSIP: 302154DW6<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |      4884000 | PA      | $5000192.02   | 0.73%             | 2033-01-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BANK OF GEORGIA JSC                        | Bank of Georgia JSC                                                                                                               | CUSIP: 062269AA3<br>LEI: 549300RPLD8RXL49Z691 | Long             | DBT              | CORP              | GE        |      2500000 | PA      | $2455801.68   | 0.36%             | 2029-07-16      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                       | Airport Authority                                                                                                                 | CUSIP: 00946AAN4<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |      2131000 | PA      | $2198924.03   | 0.32%             | 2035-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED USD / SOLD MXN                                                                                                          | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |            1 | NC      | $-709737.82   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                   | Kaisa Group Holdings Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |      1211000 | PA      | $48440.00     | 0.01%             | 2023-07-23      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                   | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                                                                         | CUSIP: 71568PAF6<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |      3129000 | PA      | $3006024.67   | 0.44%             | 2048-05-21      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |      5000000 | PA      | $1178563.15   | 0.17%             | 2027-11-16      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                         | Mongolia Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |      2400000 | PA      | $2480150.76   | 0.36%             | 2028-01-19      | Fixed         | 8.65%                 | Yes           |                  2 | On Loan: No      |
| THAIOIL TRSRY CENTER                       | Thaioil Treasury Center Co Ltd                                                                                                    | CUSIP: 88323AAB8<br>LEI: 549300NH03B9E8VGJR89 | Long             | DBT              | CORP              | TH        |      2800000 | PA      | $2199465.32   | 0.32%             | 2043-01-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SHINHAN FINANCIAL GROUP                    | Shinhan Financial Group Co Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 988400EB8A6G49E5KO54 | Long             | DBT              | CORP              | KR        |      2900000 | PA      | $2948348.37   | 0.43%             | 2028-07-24      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PENGERANG LNG TWO                          | Pengerang LNG Two Sdn Bhd                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MY        |      5000000 | PA      | $1127970.24   | 0.16%             | 2028-10-20      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| BANK OF EAST ASIA LTD                      | Bank of East Asia Ltd/The                                                                                                         | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | DBT              | CORP              | HK        |      2500000 | PA      | $2527691.80   | 0.37%             | 2027-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                    | Mong Duong Finance Holdings BV                                                                                                    | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |      3286164 | PA      | $3155012.01   | 0.46%             | 2029-05-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 365606000000 | PA      | $22195808.11  | 3.23%             | 2033-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KRAKATAU POSCO PT                          | Krakatau Posco PT                                                                                                                 | CUSIP: 000000000<br>LEI: 98450003F1F2D08D9C16 | Long             | DBT              | CORP              | ID        |      3750000 | PA      | $3742954.58   | 0.54%             | 2027-06-11      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Korea Exchange (Futures Market)            | KOREA 10YR BND FU JUN25                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | KR        |          663 | NC      | $849199.79    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING                      | Alibaba Group Holding Ltd                                                                                                         | CUSIP: 01609WAR3<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |      5250000 | PA      | $4980766.35   | 0.72%             | 2034-11-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                               | UBS Group AG                                                                                                                      | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      2700000 | PA      | $2917328.40   | 0.42%             | 2028-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                                                                              | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     10000000 | PA      | $7027924.14   | 1.02%             | 2038-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| DRB-HICOM BHD                              | DRB-Hicom Bhd                                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MY        |      5000000 | PA      | $1213980.94   | 0.18%             | 2029-12-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered PLC                                                                                                            | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      3000000 | PA      | $3213329.82   | 0.47%             | 2028-11-16      | Fixed         | 7.77%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-16

**Name of Applicant:** ABRDN ASIA-PACIFIC INCOME FUND, INC.

**Signature:** Sharon Ferrari

**Name of Signer:** Sharon Ferrari

**Title:** Assistant Treasurer