# EDGAR Filing Document

**Accession Number:** 0000880268
**File Stem:** 0000880268-25-000040
**Filing Date:** 2025-12
**Character Count:** 354968
**Document Hash:** a52bc521864b0b68d7783f83fb83254c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000880268-25-000040.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000880268-25-000040

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 39

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**EFFECTIVENESS DATE**: 20251223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY INTERNATIONAL BOND FUNDS
- **CENTRAL INDEX KEY:** 0000880268

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

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06441
- **FILM NUMBER:** 251595789

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** 8003218321

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BENHAM INTERNATIONAL FUNDS
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### GLOBAL BOND FUND (Series ID: S000035738)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000109545 | INVESTOR CLASS | AGBVX           |
| C000109546 | R5 CLASS       | AGBNX           |
| C000109547 | A CLASS        | AGBAX           |
| C000109548 | C CLASS        | AGBTX           |
| C000109549 | R CLASS        | AGBRX           |
| C000131612 | R6 CLASS       | AGBDX           |
| C000189710 | I CLASS        | AGBHX           |
| C000189711 | Y CLASS        | AGBWX           |
| C000194400 | G CLASS        | AGBGX           |

### EMERGING MARKETS DEBT FUND (Series ID: S000046096)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000144189 | INVESTOR CLASS | AEDVX           |
| C000144190 | R5 CLASS       | AEDJX           |
| C000144191 | A CLASS        | AEDQX           |
| C000144192 | C CLASS        | AEDHX           |
| C000144193 | R CLASS        | AEDWX           |
| C000144194 | R6 CLASS       | AEXDX           |
| C000189713 | I CLASS        | AEHDX           |
| C000189714 | Y CLASS        | AEYDX           |
| C000194401 | G CLASS        | AEDGX           |

?xml version='1.0' encoding='ASCII'? ck0000880268-20251031

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Investment Company Act file number | Investment Company Act file number | **811-06441** | **811-06441** | **811-06441** |
| **AMERICAN CENTURY INTERNATIONAL BOND FUNDS** | **AMERICAN CENTURY INTERNATIONAL BOND FUNDS** | **AMERICAN CENTURY INTERNATIONAL BOND FUNDS** | **AMERICAN CENTURY INTERNATIONAL BOND FUNDS** | **AMERICAN CENTURY INTERNATIONAL BOND FUNDS** |
| (Exact name of registrant as specified in charter) | (Exact name of registrant as specified in charter) | (Exact name of registrant as specified in charter) | (Exact name of registrant as specified in charter) | (Exact name of registrant as specified in charter) |
| **4500 MAIN STREET, KANSAS CITY, MISSOURI** | **4500 MAIN STREET, KANSAS CITY, MISSOURI** | **4500 MAIN STREET, KANSAS CITY, MISSOURI** | **4500 MAIN STREET, KANSAS CITY, MISSOURI** | **64111** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) |
| **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** | **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** | **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** | **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** | **JOHN PAK<br>4500 MAIN STREET, KANSAS CITY, MISSOURI 64111** |
| (Name and address of agent for service) | (Name and address of agent for service) | (Name and address of agent for service) | (Name and address of agent for service) | (Name and address of agent for service) |
| Registrant's telephone number, including area code: | Registrant's telephone number, including area code: | Registrant's telephone number, including area code: | **816-531-5575** | **816-531-5575** |
| Date of fiscal year end: | **10-31** | **10-31** | **10-31** | **10-31** |
| Date of reporting period: | **10-31-2025** | **10-31-2025** | **10-31-2025** | **10-31-2025** |

---

------

**ITEM 1. REPORTS TO STOCKHOLDERS.**

(a) ------

**ANNUAL SHAREHOLDER REPORT**

Emerging Markets Debt Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **Investor Class (AEDVX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Emerging Markets Debt Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Investor Class | $101 | 0.95% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Emerging Markets Debt Fund Investor Class returned 12.16% for the reporting period ended October 31, 2025. | Emerging Markets Debt Fund Investor Class returned 12.16% for the reporting period ended October 31, 2025. |
| The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. | The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, emerging markets bonds benefited from a supportive backdrop of resilient global growth combined with declining interest rates in several developed and emerging markets countries. Against this backdrop, emerging markets bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The fund's yield curve strategy, particularly in local markets, contributed to performance. As of the end of the reporting period, the portfolio's duration was higher than the index, driven by our belief that emerging markets central banks are likely to continue cutting interest rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's exposure to out-of-benchmark local currency and local rates also contributed to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | On the other hand, the portfolio's lower beta on external bonds relative to the index detracted from performance. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![2199023255562](ck0000880268-20251031_g2.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **Investor Class** | 12.16% | 2.68% | 3.85% |
| **JPMorgan EMBI Global Diversified** | 12.76% | 2.71% | 4.13% |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $518686120 |
| Management Fees (dollars paid during the reporting period) | $1065857 |
| Portfolio Turnover Rate | 105% |
| Total Number of Portfolio Holdings | 132 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Sovereign Governments and Agencies | 73.7% |
| Corporate Bonds | 17.5% |
| U.S. Treasury Securities | 3.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 4.2% |
| Other Assets and Liabilities | 1.4% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082835

------

**ANNUAL SHAREHOLDER REPORT**

Emerging Markets Debt Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **I Class (AEHDX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Emerging Markets Debt Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| I Class | $90 | 0.85% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Emerging Markets Debt Fund I Class returned 12.26% for the reporting period ended October 31, 2025. | Emerging Markets Debt Fund I Class returned 12.26% for the reporting period ended October 31, 2025. |
| The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. | The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, emerging markets bonds benefited from a supportive backdrop of resilient global growth combined with declining interest rates in several developed and emerging markets countries. Against this backdrop, emerging markets bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The fund's yield curve strategy, particularly in local markets, contributed to performance. As of the end of the reporting period, the portfolio's duration was higher than the index, driven by our belief that emerging markets central banks are likely to continue cutting interest rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's exposure to out-of-benchmark local currency and local rates also contributed to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | On the other hand, the portfolio's lower beta on external bonds relative to the index detracted from performance. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *April 10, 2017 through October 31, 2025* |

---

![10](ck0000880268-20251031_g4.jpg)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | Since Inception | Inception Date |
| **I Class** | 12.26% | 2.80% | 3.26% | 4/10/17 |
| **JPMorgan EMBI Global Diversified** | 12.76% | 2.71% | 3.34% |  |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $518686120 |
| Management Fees (dollars paid during the reporting period) | $1065857 |
| Portfolio Turnover Rate | 105% |
| Total Number of Portfolio Holdings | 132 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Sovereign Governments and Agencies | 73.7% |
| Corporate Bonds | 17.5% |
| U.S. Treasury Securities | 3.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 4.2% |
| Other Assets and Liabilities | 1.4% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082769

------

**ANNUAL SHAREHOLDER REPORT**

Emerging Markets Debt Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **Y Class (AEYDX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Emerging Markets Debt Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Y Class | $80 | 0.75% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Emerging Markets Debt Fund Y Class returned 12.38% for the reporting period ended October 31, 2025. | Emerging Markets Debt Fund Y Class returned 12.38% for the reporting period ended October 31, 2025. |
| The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. | The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, emerging markets bonds benefited from a supportive backdrop of resilient global growth combined with declining interest rates in several developed and emerging markets countries. Against this backdrop, emerging markets bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The fund's yield curve strategy, particularly in local markets, contributed to performance. As of the end of the reporting period, the portfolio's duration was higher than the index, driven by our belief that emerging markets central banks are likely to continue cutting interest rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's exposure to out-of-benchmark local currency and local rates also contributed to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | On the other hand, the portfolio's lower beta on external bonds relative to the index detracted from performance. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *April 10, 2017 through October 31, 2025* |

---

![10](ck0000880268-20251031_g5.jpg)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | Since Inception | Inception Date |
| **Y Class** | 12.38% | 2.88% | 3.35% | 4/10/17 |
| **JPMorgan EMBI Global Diversified** | 12.76% | 2.71% | 3.34% |  |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $518686120 |
| Management Fees (dollars paid during the reporting period) | $1065857 |
| Portfolio Turnover Rate | 105% |
| Total Number of Portfolio Holdings | 132 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Sovereign Governments and Agencies | 73.7% |
| Corporate Bonds | 17.5% |
| U.S. Treasury Securities | 3.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 4.2% |
| Other Assets and Liabilities | 1.4% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082751

------

**ANNUAL SHAREHOLDER REPORT**

Emerging Markets Debt Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **A Class (AEDQX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Emerging Markets Debt Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| A Class | $127 | 1.20% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Emerging Markets Debt Fund A Class returned 11.88% for the reporting period ended October 31, 2025. | Emerging Markets Debt Fund A Class returned 11.88% for the reporting period ended October 31, 2025. |
| The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. | The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, emerging markets bonds benefited from a supportive backdrop of resilient global growth combined with declining interest rates in several developed and emerging markets countries. Against this backdrop, emerging markets bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The fund's yield curve strategy, particularly in local markets, contributed to performance. As of the end of the reporting period, the portfolio's duration was higher than the index, driven by our belief that emerging markets central banks are likely to continue cutting interest rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's exposure to out-of-benchmark local currency and local rates also contributed to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | On the other hand, the portfolio's lower beta on external bonds relative to the index detracted from performance. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |
| *The initial investment is adjusted to reflect the maximum initial sales charge.* |

---

![10](ck0000880268-20251031_g6.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **A Class** | 11.88% | 2.43% | 3.59% |
| **A Class - with sales charge** | 6.85% | 1.49% | 3.12% |
| **JPMorgan EMBI Global Diversified** | 12.76% | 2.71% | 4.13% |

---

A Class shares have a 4.50% maximum initial sales charge and may be subject to a maximum contingent deferred sales charge of 1.00%.<br>

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $518686120 |
| Management Fees (dollars paid during the reporting period) | $1065857 |
| Portfolio Turnover Rate | 105% |
| Total Number of Portfolio Holdings | 132 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Sovereign Governments and Agencies | 73.7% |
| Corporate Bonds | 17.5% |
| U.S. Treasury Securities | 3.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 4.2% |
| Other Assets and Liabilities | 1.4% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082819

------

**ANNUAL SHAREHOLDER REPORT**

Emerging Markets Debt Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **C Class (AEDHX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Emerging Markets Debt Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| C Class | $206 | 1.95% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Emerging Markets Debt Fund C Class returned 10.95% for the reporting period ended October 31, 2025. | Emerging Markets Debt Fund C Class returned 10.95% for the reporting period ended October 31, 2025. |
| The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. | The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, emerging markets bonds benefited from a supportive backdrop of resilient global growth combined with declining interest rates in several developed and emerging markets countries. Against this backdrop, emerging markets bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The fund's yield curve strategy, particularly in local markets, contributed to performance. As of the end of the reporting period, the portfolio's duration was higher than the index, driven by our belief that emerging markets central banks are likely to continue cutting interest rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's exposure to out-of-benchmark local currency and local rates also contributed to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | On the other hand, the portfolio's lower beta on external bonds relative to the index detracted from performance. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![10](ck0000880268-20251031_g7.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **C Class** | 10.95% | 1.66% | 2.82% |
| **JPMorgan EMBI Global Diversified** | 12.76% | 2.71% | 4.13% |

---

C Class shares will automatically convert to A Class shares after being held for approximately eight years. C Class average annual returns do not reflect this conversion.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $518686120 |
| Management Fees (dollars paid during the reporting period) | $1065857 |
| Portfolio Turnover Rate | 105% |
| Total Number of Portfolio Holdings | 132 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Sovereign Governments and Agencies | 73.7% |
| Corporate Bonds | 17.5% |
| U.S. Treasury Securities | 3.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 4.2% |
| Other Assets and Liabilities | 1.4% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082793

------

**ANNUAL SHAREHOLDER REPORT**

Emerging Markets Debt Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **R Class (AEDWX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Emerging Markets Debt Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R Class | $153 | 1.45% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Emerging Markets Debt Fund R Class returned 11.61% for the reporting period ended October 31, 2025. | Emerging Markets Debt Fund R Class returned 11.61% for the reporting period ended October 31, 2025. |
| The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. | The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, emerging markets bonds benefited from a supportive backdrop of resilient global growth combined with declining interest rates in several developed and emerging markets countries. Against this backdrop, emerging markets bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The fund's yield curve strategy, particularly in local markets, contributed to performance. As of the end of the reporting period, the portfolio's duration was higher than the index, driven by our belief that emerging markets central banks are likely to continue cutting interest rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's exposure to out-of-benchmark local currency and local rates also contributed to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | On the other hand, the portfolio's lower beta on external bonds relative to the index detracted from performance. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![10](ck0000880268-20251031_g8.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R Class** | 11.61% | 2.16% | 3.34% |
| **JPMorgan EMBI Global Diversified** | 12.76% | 2.71% | 4.13% |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $518686120 |
| Management Fees (dollars paid during the reporting period) | $1065857 |
| Portfolio Turnover Rate | 105% |
| Total Number of Portfolio Holdings | 132 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Sovereign Governments and Agencies | 73.7% |
| Corporate Bonds | 17.5% |
| U.S. Treasury Securities | 3.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 4.2% |
| Other Assets and Liabilities | 1.4% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082785

------

**ANNUAL SHAREHOLDER REPORT**

Emerging Markets Debt Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **R5 Class (AEDJX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Emerging Markets Debt Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R5 Class | $80 | 0.75% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Emerging Markets Debt Fund R5 Class returned 12.38% for the reporting period ended October 31, 2025. | Emerging Markets Debt Fund R5 Class returned 12.38% for the reporting period ended October 31, 2025. |
| The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. | The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, emerging markets bonds benefited from a supportive backdrop of resilient global growth combined with declining interest rates in several developed and emerging markets countries. Against this backdrop, emerging markets bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The fund's yield curve strategy, particularly in local markets, contributed to performance. As of the end of the reporting period, the portfolio's duration was higher than the index, driven by our belief that emerging markets central banks are likely to continue cutting interest rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's exposure to out-of-benchmark local currency and local rates also contributed to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | On the other hand, the portfolio's lower beta on external bonds relative to the index detracted from performance. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![10](ck0000880268-20251031_g9.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R5 Class** | 12.38% | 2.87% | 4.06% |
| **JPMorgan EMBI Global Diversified** | 12.76% | 2.71% | 4.13% |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $518686120 |
| Management Fees (dollars paid during the reporting period) | $1065857 |
| Portfolio Turnover Rate | 105% |
| Total Number of Portfolio Holdings | 132 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Sovereign Governments and Agencies | 73.7% |
| Corporate Bonds | 17.5% |
| U.S. Treasury Securities | 3.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 4.2% |
| Other Assets and Liabilities | 1.4% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082827

------

**ANNUAL SHAREHOLDER REPORT**

Emerging Markets Debt Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **R6 Class (AEXDX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Emerging Markets Debt Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R6 Class | $74 | 0.70% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Emerging Markets Debt Fund R6 Class returned 12.32% for the reporting period ended October 31, 2025. | Emerging Markets Debt Fund R6 Class returned 12.32% for the reporting period ended October 31, 2025. |
| The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. | The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, emerging markets bonds benefited from a supportive backdrop of resilient global growth combined with declining interest rates in several developed and emerging markets countries. Against this backdrop, emerging markets bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The fund's yield curve strategy, particularly in local markets, contributed to performance. As of the end of the reporting period, the portfolio's duration was higher than the index, driven by our belief that emerging markets central banks are likely to continue cutting interest rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's exposure to out-of-benchmark local currency and local rates also contributed to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | On the other hand, the portfolio's lower beta on external bonds relative to the index detracted from performance. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![10](ck0000880268-20251031_g10.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R6 Class** | 12.32% | 2.91% | 4.09% |
| **JPMorgan EMBI Global Diversified** | 12.76% | 2.71% | 4.13% |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $518686120 |
| Management Fees (dollars paid during the reporting period) | $1065857 |
| Portfolio Turnover Rate | 105% |
| Total Number of Portfolio Holdings | 132 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Sovereign Governments and Agencies | 73.7% |
| Corporate Bonds | 17.5% |
| U.S. Treasury Securities | 3.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 4.2% |
| Other Assets and Liabilities | 1.4% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082777

------

**ANNUAL SHAREHOLDER REPORT**

Emerging Markets Debt Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **G Class (AEDGX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Emerging Markets Debt Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| G Class | $3 | 0.03% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Emerging Markets Debt Fund G Class returned 13.20% for the reporting period ended October 31, 2025. | Emerging Markets Debt Fund G Class returned 13.20% for the reporting period ended October 31, 2025. |
| The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. | The fund seeks total return. The commentary below refers to the fund's performance compared to the JP Morgan EMBI Global Diversified Index. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, emerging markets bonds benefited from a supportive backdrop of resilient global growth combined with declining interest rates in several developed and emerging markets countries. Against this backdrop, emerging markets bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The fund's yield curve strategy, particularly in local markets, contributed to performance. As of the end of the reporting period, the portfolio's duration was higher than the index, driven by our belief that emerging markets central banks are likely to continue cutting interest rates. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | The portfolio's exposure to out-of-benchmark local currency and local rates also contributed to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | On the other hand, the portfolio's lower beta on external bonds relative to the index detracted from performance. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *November 14, 2017 through October 31, 2025* |

---

![10](ck0000880268-20251031_g11.jpg)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | Since Inception | Inception Date |
| **G Class** | 13.20% | 3.65% | 4.01% | 11/14/17 |
| **JPMorgan EMBI Global Diversified** | 12.76% | 2.71% | 3.07% |  |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $518686120 |
| Management Fees (dollars paid during the reporting period) | $1065857 |
| Portfolio Turnover Rate | 105% |
| Total Number of Portfolio Holdings | 132 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Sovereign Governments and Agencies | 73.7% |
| Corporate Bonds | 17.5% |
| U.S. Treasury Securities | 3.1% |
| Convertible Preferred Securities | 0.1% |
| Short-Term Investments | 4.2% |
| Other Assets and Liabilities | 1.4% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082660

------

**ANNUAL SHAREHOLDER REPORT**

Global Bond Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **Investor Class (AGBVX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Global Bond Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Investor Class | $87 | 0.85% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Global Bond Fund Investor Class returned 5.20% for the reporting period ended October 31, 2025. | Global Bond Fund Investor Class returned 5.20% for the reporting period ended October 31, 2025. |
| The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). | The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, inflation continued to trend lower across most regions, which allowed several central banks to begin reducing interest rates. As government bond yields generally declined, global bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Yield curves in most developed markets steepened during the period, reflecting expectations for stronger economic growth and rising inflation. Short-term rates generally declined, driven by accommodative monetary policy. Furthermore, the U.S. dollar weakened over the period. Against this backdrop, the fund's yield curve and currency hedging strategies contributed modestly to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Sector allocation was a key contributor to results, driven by positioning in cash and nominal governments, high-yield credit and securitized securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Hedging risk by purchasing CDX protection curtailed the updside potential gain from corporate credits. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![10](ck0000880268-20251031_g12.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **Investor Class** | 5.20% | -0.02% | 1.73% |
| **Bloomberg Global Aggregate Bond (USD, Hedged)** | 5.30% | 0.52% | 2.37% |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $2629305605 |
| Management Fees (dollars paid during the reporting period) | $5101834 |
| Portfolio Turnover Rate | 145% |
| Total Number of Portfolio Holdings | 615 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Corporate Bonds | 31.7% |
| Sovereign Governments and Agencies | 22.1% |
| U.S. Government Agency Mortgage-Backed Securities | 12.4% |
| Collateralized Mortgage Obligations | 10.3% |
| Convertible Preferred Securities | 8.8% |
| Asset-Backed Securities | 3.2% |
| U.S. Treasury Securities | 2.7% |
| Commercial Mortgage-Backed Securities | 2.3% |
| Preferred Securities | 2.2% |
| Collateralized Loan Obligations | 2.0% |
| Municipal Securities | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Bank Loan Obligations | 0.1% |
| Short-Term Investments | 1.5% |
| Other Assets and Liabilities | 0.2% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082876

------

**ANNUAL SHAREHOLDER REPORT**

Global Bond Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **I Class (AGBHX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Global Bond Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| I Class | $77 | 0.75% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Global Bond Fund I Class returned 5.31% for the reporting period ended October 31, 2025. | Global Bond Fund I Class returned 5.31% for the reporting period ended October 31, 2025. |
| The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). | The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, inflation continued to trend lower across most regions, which allowed several central banks to begin reducing interest rates. As government bond yields generally declined, global bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Yield curves in most developed markets steepened during the period, reflecting expectations for stronger economic growth and rising inflation. Short-term rates generally declined, driven by accommodative monetary policy. Furthermore, the U.S. dollar weakened over the period. Against this backdrop, the fund's yield curve and currency hedging strategies contributed modestly to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Sector allocation was a key contributor to results, driven by positioning in cash and nominal governments, high-yield credit and securitized securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Hedging risk by purchasing CDX protection curtailed the updside potential gain from corporate credits. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *April 10, 2017 through October 31, 2025* |

---

![10](ck0000880268-20251031_g13.jpg)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | Since Inception | Inception Date |
| **I Class** | 5.31% | 0.09% | 1.59% | 4/10/17 |
| **Bloomberg Global Aggregate Bond (USD, Hedged)** | 5.30% | 0.52% | 2.25% |  |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $2629305605 |
| Management Fees (dollars paid during the reporting period) | $5101834 |
| Portfolio Turnover Rate | 145% |
| Total Number of Portfolio Holdings | 615 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Corporate Bonds | 31.7% |
| Sovereign Governments and Agencies | 22.1% |
| U.S. Government Agency Mortgage-Backed Securities | 12.4% |
| Collateralized Mortgage Obligations | 10.3% |
| Convertible Preferred Securities | 8.8% |
| Asset-Backed Securities | 3.2% |
| U.S. Treasury Securities | 2.7% |
| Commercial Mortgage-Backed Securities | 2.3% |
| Preferred Securities | 2.2% |
| Collateralized Loan Obligations | 2.0% |
| Municipal Securities | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Bank Loan Obligations | 0.1% |
| Short-Term Investments | 1.5% |
| Other Assets and Liabilities | 0.2% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082744

------

**ANNUAL SHAREHOLDER REPORT**

Global Bond Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **Y Class (AGBWX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Global Bond Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Y Class | $67 | 0.65% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Global Bond Fund Y Class returned 5.44% for the reporting period ended October 31, 2025. | Global Bond Fund Y Class returned 5.44% for the reporting period ended October 31, 2025. |
| The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). | The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, inflation continued to trend lower across most regions, which allowed several central banks to begin reducing interest rates. As government bond yields generally declined, global bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Yield curves in most developed markets steepened during the period, reflecting expectations for stronger economic growth and rising inflation. Short-term rates generally declined, driven by accommodative monetary policy. Furthermore, the U.S. dollar weakened over the period. Against this backdrop, the fund's yield curve and currency hedging strategies contributed modestly to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Sector allocation was a key contributor to results, driven by positioning in cash and nominal governments, high-yield credit and securitized securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Hedging risk by purchasing CDX protection curtailed the updside potential gain from corporate credits. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *April 10, 2017 through October 31, 2025* |

---

![10](ck0000880268-20251031_g14.jpg)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | Since Inception | Inception Date |
| **Y Class** | 5.44% | 0.19% | 1.71% | 4/10/17 |
| **Bloomberg Global Aggregate Bond (USD, Hedged)** | 5.30% | 0.52% | 2.25% |  |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $2629305605 |
| Management Fees (dollars paid during the reporting period) | $5101834 |
| Portfolio Turnover Rate | 145% |
| Total Number of Portfolio Holdings | 615 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Corporate Bonds | 31.7% |
| Sovereign Governments and Agencies | 22.1% |
| U.S. Government Agency Mortgage-Backed Securities | 12.4% |
| Collateralized Mortgage Obligations | 10.3% |
| Convertible Preferred Securities | 8.8% |
| Asset-Backed Securities | 3.2% |
| U.S. Treasury Securities | 2.7% |
| Commercial Mortgage-Backed Securities | 2.3% |
| Preferred Securities | 2.2% |
| Collateralized Loan Obligations | 2.0% |
| Municipal Securities | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Bank Loan Obligations | 0.1% |
| Short-Term Investments | 1.5% |
| Other Assets and Liabilities | 0.2% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082736

------

**ANNUAL SHAREHOLDER REPORT**

Global Bond Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **A Class (AGBAX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Global Bond Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| A Class | $113 | 1.10% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Global Bond Fund A Class returned 4.90% for the reporting period ended October 31, 2025. | Global Bond Fund A Class returned 4.90% for the reporting period ended October 31, 2025. |
| The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). | The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, inflation continued to trend lower across most regions, which allowed several central banks to begin reducing interest rates. As government bond yields generally declined, global bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Yield curves in most developed markets steepened during the period, reflecting expectations for stronger economic growth and rising inflation. Short-term rates generally declined, driven by accommodative monetary policy. Furthermore, the U.S. dollar weakened over the period. Against this backdrop, the fund's yield curve and currency hedging strategies contributed modestly to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Sector allocation was a key contributor to results, driven by positioning in cash and nominal governments, high-yield credit and securitized securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Hedging risk by purchasing CDX protection curtailed the updside potential gain from corporate credits. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |
| *The initial investment is adjusted to reflect the maximum initial sales charge.* |

---

![10](ck0000880268-20251031_g15.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **A Class** | 4.90% | -0.28% | 1.47% |
| **A Class - with sales charge** | 0.18% | -1.19% | 1.01% |
| **Bloomberg Global Aggregate Bond (USD, Hedged)** | 5.30% | 0.52% | 2.37% |

---

A Class shares have a 4.50% maximum initial sales charge and may be subject to a maximum contingent deferred sales charge of 1.00%.<br>

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $2629305605 |
| Management Fees (dollars paid during the reporting period) | $5101834 |
| Portfolio Turnover Rate | 145% |
| Total Number of Portfolio Holdings | 615 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Corporate Bonds | 31.7% |
| Sovereign Governments and Agencies | 22.1% |
| U.S. Government Agency Mortgage-Backed Securities | 12.4% |
| Collateralized Mortgage Obligations | 10.3% |
| Convertible Preferred Securities | 8.8% |
| Asset-Backed Securities | 3.2% |
| U.S. Treasury Securities | 2.7% |
| Commercial Mortgage-Backed Securities | 2.3% |
| Preferred Securities | 2.2% |
| Collateralized Loan Obligations | 2.0% |
| Municipal Securities | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Bank Loan Obligations | 0.1% |
| Short-Term Investments | 1.5% |
| Other Assets and Liabilities | 0.2% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082702

------

**ANNUAL SHAREHOLDER REPORT**

Global Bond Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **C Class (AGBTX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Global Bond Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| C Class | $189 | 1.85% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Global Bond Fund C Class returned 4.11% for the reporting period ended October 31, 2025. | Global Bond Fund C Class returned 4.11% for the reporting period ended October 31, 2025. |
| The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). | The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, inflation continued to trend lower across most regions, which allowed several central banks to begin reducing interest rates. As government bond yields generally declined, global bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Yield curves in most developed markets steepened during the period, reflecting expectations for stronger economic growth and rising inflation. Short-term rates generally declined, driven by accommodative monetary policy. Furthermore, the U.S. dollar weakened over the period. Against this backdrop, the fund's yield curve and currency hedging strategies contributed modestly to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Sector allocation was a key contributor to results, driven by positioning in cash and nominal governments, high-yield credit and securitized securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Hedging risk by purchasing CDX protection curtailed the updside potential gain from corporate credits. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![10](ck0000880268-20251031_g16.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **C Class** | 4.11% | -1.03% | 0.71% |
| **Bloomberg Global Aggregate Bond (USD, Hedged)** | 5.30% | 0.52% | 2.37% |

---

C Class shares will automatically convert to A Class shares after being held for approximately eight years. C Class average annual returns do not reflect this conversion.

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $2629305605 |
| Management Fees (dollars paid during the reporting period) | $5101834 |
| Portfolio Turnover Rate | 145% |
| Total Number of Portfolio Holdings | 615 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Corporate Bonds | 31.7% |
| Sovereign Governments and Agencies | 22.1% |
| U.S. Government Agency Mortgage-Backed Securities | 12.4% |
| Collateralized Mortgage Obligations | 10.3% |
| Convertible Preferred Securities | 8.8% |
| Asset-Backed Securities | 3.2% |
| U.S. Treasury Securities | 2.7% |
| Commercial Mortgage-Backed Securities | 2.3% |
| Preferred Securities | 2.2% |
| Collateralized Loan Obligations | 2.0% |
| Municipal Securities | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Bank Loan Obligations | 0.1% |
| Short-Term Investments | 1.5% |
| Other Assets and Liabilities | 0.2% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082801

------

**ANNUAL SHAREHOLDER REPORT**

Global Bond Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **R Class (AGBRX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Global Bond Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R Class | $138 | 1.35% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Global Bond Fund R Class returned 4.60% for the reporting period ended October 31, 2025. | Global Bond Fund R Class returned 4.60% for the reporting period ended October 31, 2025. |
| The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). | The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, inflation continued to trend lower across most regions, which allowed several central banks to begin reducing interest rates. As government bond yields generally declined, global bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Yield curves in most developed markets steepened during the period, reflecting expectations for stronger economic growth and rising inflation. Short-term rates generally declined, driven by accommodative monetary policy. Furthermore, the U.S. dollar weakened over the period. Against this backdrop, the fund's yield curve and currency hedging strategies contributed modestly to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Sector allocation was a key contributor to results, driven by positioning in cash and nominal governments, high-yield credit and securitized securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Hedging risk by purchasing CDX protection curtailed the updside potential gain from corporate credits. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![10](ck0000880268-20251031_g17.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R Class** | 4.60% | -0.52% | 1.22% |
| **Bloomberg Global Aggregate Bond (USD, Hedged)** | 5.30% | 0.52% | 2.37% |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $2629305605 |
| Management Fees (dollars paid during the reporting period) | $5101834 |
| Portfolio Turnover Rate | 145% |
| Total Number of Portfolio Holdings | 615 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Corporate Bonds | 31.7% |
| Sovereign Governments and Agencies | 22.1% |
| U.S. Government Agency Mortgage-Backed Securities | 12.4% |
| Collateralized Mortgage Obligations | 10.3% |
| Convertible Preferred Securities | 8.8% |
| Asset-Backed Securities | 3.2% |
| U.S. Treasury Securities | 2.7% |
| Commercial Mortgage-Backed Securities | 2.3% |
| Preferred Securities | 2.2% |
| Collateralized Loan Obligations | 2.0% |
| Municipal Securities | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Bank Loan Obligations | 0.1% |
| Short-Term Investments | 1.5% |
| Other Assets and Liabilities | 0.2% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082884

------

**ANNUAL SHAREHOLDER REPORT**

Global Bond Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **R5 Class (AGBNX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Global Bond Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R5 Class | $67 | 0.65% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Global Bond Fund R5 Class returned 5.33% for the reporting period ended October 31, 2025. | Global Bond Fund R5 Class returned 5.33% for the reporting period ended October 31, 2025. |
| The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). | The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, inflation continued to trend lower across most regions, which allowed several central banks to begin reducing interest rates. As government bond yields generally declined, global bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Yield curves in most developed markets steepened during the period, reflecting expectations for stronger economic growth and rising inflation. Short-term rates generally declined, driven by accommodative monetary policy. Furthermore, the U.S. dollar weakened over the period. Against this backdrop, the fund's yield curve and currency hedging strategies contributed modestly to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Sector allocation was a key contributor to results, driven by positioning in cash and nominal governments, high-yield credit and securitized securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Hedging risk by purchasing CDX protection curtailed the updside potential gain from corporate credits. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![10](ck0000880268-20251031_g18.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R5 Class** | 5.33% | 0.17% | 1.93% |
| **Bloomberg Global Aggregate Bond (USD, Hedged)** | 5.30% | 0.52% | 2.37% |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $2629305605 |
| Management Fees (dollars paid during the reporting period) | $5101834 |
| Portfolio Turnover Rate | 145% |
| Total Number of Portfolio Holdings | 615 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Corporate Bonds | 31.7% |
| Sovereign Governments and Agencies | 22.1% |
| U.S. Government Agency Mortgage-Backed Securities | 12.4% |
| Collateralized Mortgage Obligations | 10.3% |
| Convertible Preferred Securities | 8.8% |
| Asset-Backed Securities | 3.2% |
| U.S. Treasury Securities | 2.7% |
| Commercial Mortgage-Backed Securities | 2.3% |
| Preferred Securities | 2.2% |
| Collateralized Loan Obligations | 2.0% |
| Municipal Securities | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Bank Loan Obligations | 0.1% |
| Short-Term Investments | 1.5% |
| Other Assets and Liabilities | 0.2% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082868

------

**ANNUAL SHAREHOLDER REPORT**

Global Bond Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **R6 Class (AGBDX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Global Bond Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| R6 Class | $62 | 0.60% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Global Bond Fund R6 Class returned 5.52% for the reporting period ended October 31, 2025. | Global Bond Fund R6 Class returned 5.52% for the reporting period ended October 31, 2025. |
| The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). | The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, inflation continued to trend lower across most regions, which allowed several central banks to begin reducing interest rates. As government bond yields generally declined, global bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Yield curves in most developed markets steepened during the period, reflecting expectations for stronger economic growth and rising inflation. Short-term rates generally declined, driven by accommodative monetary policy. Furthermore, the U.S. dollar weakened over the period. Against this backdrop, the fund's yield curve and currency hedging strategies contributed modestly to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Sector allocation was a key contributor to results, driven by positioning in cash and nominal governments, high-yield credit and securitized securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Hedging risk by purchasing CDX protection curtailed the updside potential gain from corporate credits. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *October 31, 2015 through October 31, 2025* |

---

![10](ck0000880268-20251031_g19.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | 10 Year |
| **R6 Class** | 5.52% | 0.24% | 1.99% |
| **Bloomberg Global Aggregate Bond (USD, Hedged)** | 5.30% | 0.52% | 2.37% |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $2629305605 |
| Management Fees (dollars paid during the reporting period) | $5101834 |
| Portfolio Turnover Rate | 145% |
| Total Number of Portfolio Holdings | 615 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Corporate Bonds | 31.7% |
| Sovereign Governments and Agencies | 22.1% |
| U.S. Government Agency Mortgage-Backed Securities | 12.4% |
| Collateralized Mortgage Obligations | 10.3% |
| Convertible Preferred Securities | 8.8% |
| Asset-Backed Securities | 3.2% |
| U.S. Treasury Securities | 2.7% |
| Commercial Mortgage-Backed Securities | 2.3% |
| Preferred Securities | 2.2% |
| Collateralized Loan Obligations | 2.0% |
| Municipal Securities | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Bank Loan Obligations | 0.1% |
| Short-Term Investments | 1.5% |
| Other Assets and Liabilities | 0.2% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082850

------

**ANNUAL SHAREHOLDER REPORT**

Global Bond Fund ![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| | |
|:---|:---|
| **G Class (AGBGX)**  | **October 31, 2025** |

---

This annual shareholder report contains important information about Global Bond Fund for the period of November 1, 2024 to October 31, 2025. You can find additional information about the fund at americancentury.com/docs. You can also request this information by contacting us at 1-800-345-2021.

---

| | | |
|:---|:---|:---|
| **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* | **What were the fund costs for the last year?** *(based on a hypothetical $10,000 investment)* |
|  | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| G Class | $2 | 0.02% |

---

---

| | |
|:---|:---|
| **What were the key factors that affected the fund's performance?** | **What were the key factors that affected the fund's performance?** |
| Global Bond Fund G Class returned 6.03% for the reporting period ended October 31, 2025. | Global Bond Fund G Class returned 6.03% for the reporting period ended October 31, 2025. |
| The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). | The fund seeks long-term total return. The commentary below refers to the fund's performance compared to the Bloomberg Global Aggregate Bond Index (USD Hedged). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | During the reporting period, inflation continued to trend lower across most regions, which allowed several central banks to begin reducing interest rates. As government bond yields generally declined, global bonds broadly delivered gains. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Yield curves in most developed markets steepened during the period, reflecting expectations for stronger economic growth and rising inflation. Short-term rates generally declined, driven by accommodative monetary policy. Furthermore, the U.S. dollar weakened over the period. Against this backdrop, the fund's yield curve and currency hedging strategies contributed modestly to performance. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Sector allocation was a key contributor to results, driven by positioning in cash and nominal governments, high-yield credit and securitized securities. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• | Hedging risk by purchasing CDX protection curtailed the updside potential gain from corporate credits. |

---

---

| |
|:---|
| **Cumulative Performance** *(based on an initial $10,000 investment)* |
| *July 28, 2017 through October 31, 2025* |

---

![10](ck0000880268-20251031_g20.jpg)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  | **Average Annual Total Returns**  |
|  | 1 Year | 5 Year | Since Inception | Inception Date |
| **G Class** | 6.03% | 0.79% | 2.20% | 7/28/17 |
| **Bloomberg Global Aggregate Bond (USD, Hedged)** | 5.30% | 0.52% | 2.21% |  |

---

*The opinions expressed are those of American Century Investments and are no guarantee of the future performance of any American Century Investments fund. This information is for educational purposes only and is not intended as investment advice. Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value will fluctuate and redemption value may be more or less than original cost, and none of the charts reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total returns for periods less than one year are not annualized. Visit americancentury.com for more recent performance information.*<br>

---

| | |
|:---|:---|
| **Fund Statistics**  | |
| Net Assets | $2629305605 |
| Management Fees (dollars paid during the reporting period) | $5101834 |
| Portfolio Turnover Rate | 145% |
| Total Number of Portfolio Holdings | 615 |

---

**Fund Holdings**

---

| | |
|:---|:---|
| **Types of Investments in Portfolio** *(as a % of net assets)* | **Types of Investments in Portfolio** *(as a % of net assets)* |
| Corporate Bonds | 31.7% |
| Sovereign Governments and Agencies | 22.1% |
| U.S. Government Agency Mortgage-Backed Securities | 12.4% |
| Collateralized Mortgage Obligations | 10.3% |
| Convertible Preferred Securities | 8.8% |
| Asset-Backed Securities | 3.2% |
| U.S. Treasury Securities | 2.7% |
| Commercial Mortgage-Backed Securities | 2.3% |
| Preferred Securities | 2.2% |
| Collateralized Loan Obligations | 2.0% |
| Municipal Securities | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Bank Loan Obligations | 0.1% |
| Short-Term Investments | 1.5% |
| Other Assets and Liabilities | 0.2% |

---

*For additional information about the fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy voting information, scan the QR code or visit americancentury.com/docs.*

![QR ACI Docs.jpg](ck0000880268-20251031_g3.jpg)

 <br>©2025 American Century Proprietary Holdings, Inc. All rights reserved.

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

A-25082678

------

(b) Not applicable.

**ITEM 2. CODE OF ETHICS.**

(a) The registrant has adopted a Code of Ethics for Senior Financial Officers that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer, and persons performing similar functions.

(b) No response required.

(c) None.

(d) None.

(e) Not applicable.

(f) The registrant's Code of Ethics for Senior Financial Officers was filed as Exhibit 12 (a)(1) to American Century Asset Allocation Portfolios, Inc.'s Annual Certified Shareholder Report on Form N-CSR, File No. 811-21591, on September 29, 2005, and is incorporated herein by reference.

**ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.**

(a)(1) The registrant's board has determined that the registrant has at least one audit committee financial expert serving on its audit committee.

(a)(2) Tanya S. Beder, Jennifer Cabalquinto, Anne Casscells and John Loder are the registrant's designated audit committee financial experts. They are "independent" as defined in Item 3 of Form N-CSR.

(a)(3) Not applicable.

(b) No response required.

(c) No response required.

(d) No response required.

**ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.**

(a) Audit Fees.

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal

accountant for the audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were as follows:

---

| | |
|:---|:---|
| FY 2024: | $46500 |
| FY 2025: | $48120 |

---

(b) Audit-Related Fees.

The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant's financial statements and are not reported under paragraph (a) of this Item were as follows:

------

For services rendered to the registrant:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X (relating to certain engagements for non-audit services with the registrant's investment adviser and its affiliates):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

(c) Tax Fees.

The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were as follows:

For services rendered to the registrant:

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X (relating to certain engagements for non-audit services with the registrant's investment adviser and its affiliates):

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

(d) All Other Fees.

The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were as follows:

For services rendered to the registrant:

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

Fees required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X (relating to certain &nbsp;&nbsp;&nbsp;&nbsp;engagements for non-audit services with the registrant's investment adviser and its affiliates):

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| FY 2024: | $0 |
| FY 2025: | $0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;

(e)(1) In accordance with paragraph (c)(7)(i)(A) of Rule 2-01 of Regulation S-X, before the accountant is engaged by the registrant to render audit or non-audit services, the engagement is approved by the registrant's audit committee. Pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, the registrant's audit committee also pre-approves its accountant's engagements for non-audit services with the registrant's investment adviser, its parent company, and any entity controlled by, or under common control with the investment adviser that provides ongoing services to the registrant, if the engagement relates directly to the operations and financial reporting of the registrant.

(e)(2) All services described in each of paragraphs (b) through (d) of this Item were pre-approved before the engagement by the registrant's audit committee pursuant to paragraph (c)(7)(i)(A) of Rule 2-01 of Regulation S-X. Consequently, none of such services were required to be approved by the audit committee pursuant to paragraph (c)(7)(i)(C).

------

(f) The percentage of hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant's full-time, permanent employees was less than 50%.

(g) The aggregate non-audit fees billed by the registrant's accountant for services rendered to the registrant, and rendered to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were as follows:

---

| | |
|:---|:---|
| FY 2024: | $98325 |
| FY 2025: | $98325 |

---

(h) The registrant's investment adviser and accountant have notified the registrant's audit committee of all non-audit services that were rendered by the registrant's accountant to the registrant's investment adviser, its parent company, and any entity controlled by, or under common control with the investment adviser that provides services to the registrant, which services were not required to be pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X. The notification provided to the registrant's audit committee included sufficient details regarding such services to allow the registrant's audit committee to consider the continuing independence of its principal accountant.

(i) Not applicable.

(j) Not applicable.

**ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.**

Not applicable.

**ITEM 6. INVESTMENTS.**

(a) The schedule of investments is included as part of the financial statements and other information filed under Item 7 of this Form.

(b) Not applicable.

**ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

(a) ------

&nbsp;&nbsp;&nbsp;&nbsp;

![ACI_Horiz_RGB_Black.jpg](ck0000880268-20251031_g1.jpg)

---

| |
|:---|
| Annual Financial Statements and Other Information |
| October 31, 2025 |
| Emerging Markets Debt Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;Investor Class (AEDVX) |
| &nbsp;&nbsp;&nbsp;&nbsp;I Class (AEHDX) |
| &nbsp;&nbsp;&nbsp;&nbsp;Y Class (AEYDX) |
| &nbsp;&nbsp;&nbsp;&nbsp;A Class (AEDQX) |
| &nbsp;&nbsp;&nbsp;&nbsp;C Class (AEDHX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R Class (AEDWX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R5 Class (AEDJX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R6 Class (AEXDX) |
| &nbsp;&nbsp;&nbsp;&nbsp;G Class (AEDGX) |
| Global Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;Investor Class (AGBVX) |
| &nbsp;&nbsp;&nbsp;&nbsp;I Class (AGBHX) |
| &nbsp;&nbsp;&nbsp;&nbsp;Y Class (AGBWX) |
| &nbsp;&nbsp;&nbsp;&nbsp;A Class (AGBAX) |
| &nbsp;&nbsp;&nbsp;&nbsp;C Class (AGBTX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R Class (AGBRX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R5 Class (AGBNX) |
| &nbsp;&nbsp;&nbsp;&nbsp;R6 Class (AGBDX) |
| &nbsp;&nbsp;&nbsp;&nbsp;G Class (AGBGX) |

---

***Investors should carefully consider a fund's investment objectives, risks, charges and expenses. For this and additional information about a fund, including the Annual Shareholder Report, Semiannual Shareholder Report, Prospectus and Statement of Additional Information, visit americancentury.com/docs.***

------

**Table of Contents**

---

| | |
|:---|:---|
| Schedules of Investments | [2](#i6d2a8b3c6a45403fa7d666364230cbf3_31) |
| Statements of Assets and Liabilities | [38](#i6d2a8b3c6a45403fa7d666364230cbf3_37) |
| Statements of Operations | [40](#i6d2a8b3c6a45403fa7d666364230cbf3_40) |
| Statements of Changes in Net Assets | [41](#i6d2a8b3c6a45403fa7d666364230cbf3_43) |
| Notes to Financial Statements | [42](#i6d2a8b3c6a45403fa7d666364230cbf3_46) |
| Financial Highlights | [51](#i6d2a8b3c6a45403fa7d666364230cbf3_49) |
| Report of Independent Registered Public Accounting Firm | [55](#i6d2a8b3c6a45403fa7d666364230cbf3_52) |
| Approval of Management Agreement | [56](#i6d2a8b3c6a45403fa7d666364230cbf3_58) |

---

------

Schedule of Investments - Emerging Markets Debt Fund

**OCTOBER 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
| <br>**SOVEREIGN GOVERNMENTS AND AGENCIES — 73.6%** | | **Principal**<br>**Amount/Shares**<br> | **Value**<br> |
| **Angola — 1.0%** | |  |  |
| Angola Government International Bonds, 8.25%, 5/9/28<sup>(1)</sup> |  | $2700000 | $2667349 |
| Angola Government International Bonds, 8.00%, 11/26/29<sup>(1)</sup> |  | 1800000 | 1725433 |
| Angola Government International Bonds, 9.125%, 11/26/49<sup>(1)</sup> |  | 1200000 | 1009217 |
|  |  |  | 5401999 |
| **Argentina — 2.5%** |  |  |  |
| Argentina Republic Government International Bonds, VRN, 4.125%, 7/9/35 |  | 18350000 | 12900050 |
| **Bahamas — 0.2%** |  |  |  |
| Bahamas Government International Bonds, 8.25%, 6/24/36<sup>(1)</sup> |  | 775000 | 840712 |
| **Bahrain — 1.9%** |  |  |  |
| Bahrain Government International Bonds, 5.625%, 9/30/31<sup>(1)</sup> |  | 4800000 | 4829555 |
| Bahrain Government International Bonds, 7.50%, 2/12/36<sup>(1)</sup> |  | 1000000 | 1103926 |
| Bahrain Government International Bonds, 6.625%, 10/6/37<sup>(1)</sup> |  | 1200000 | 1217911 |
| Bahrain Government International Bonds, 6.00%, 9/19/44<sup>(1)</sup> |  | 2700000 | 2513716 |
|  |  |  | 9665108 |
| **Brazil — 0.2%** |  |  |  |
| Brazil Government International Bonds, 7.125%, 5/13/54 |  | 1000000 | 1016750 |
| **Chile — 2.4%** |  |  |  |
| Chile Government International Bonds, 4.34%, 3/7/42 |  | 13700000 | 12293010 |
| **Colombia — 3.4%** |  |  |  |
| Colombia Government International Bonds, 5.00%, 9/19/32 | EUR | 3500000 | 3956369 |
| Colombia Government International Bonds, 7.75%, 11/7/36 |  | $12805000 | 13666265 |
|  |  |  | 17622634 |
| **Costa Rica — 0.7%** |  |  |  |
| Costa Rica Government International Bonds, 7.30%, 11/13/54<sup>(1)</sup> |  | 3350000 | 3754094 |
| **Dominican Republic — 3.6%** |  |  |  |
| Dominican Republic International Bonds, 4.50%, 1/30/30 |  | 11230000 | 11002592 |
| Dominican Republic International Bonds, 6.95%, 3/15/37<sup>(1)</sup> |  | 4800000 | 5127120 |
| Dominican Republic International Bonds, 5.875%, 1/30/60<sup>(1)</sup> |  | 2650000 | 2399178 |
|  |  |  | 18528890 |
| **Ecuador — 1.2%** |  |  |  |
| Ecuador Government International Bonds, VRN, 6.90%, 7/31/35 |  | 8336510 | 6408692 |
| **Egypt — 2.3%** |  |  |  |
| Egypt Government International Bonds, 7.30%, 9/30/33<sup>(1)</sup> |  | 2100000 | 2058232 |
| Egypt Government International Bonds, 8.50%, 1/31/47<sup>(1)</sup> |  | 10725000 | 9906967 |
|  |  |  | 11965199 |
| **El Salvador — 0.6%** |  |  |  |
| El Salvador Government International Bonds, 9.25%, 4/17/30<sup>(1)</sup> |  | 2700000 | 2946375 |
| **Ghana — 0.9%** |  |  |  |
| Ghana Government International Bonds, 0.00%, 7/3/26<sup>(1)(2)</sup> |  | 107200 | 104252 |
| Ghana Government International Bonds, 0.00%, 1/3/30<sup>(1)(2)</sup> |  | 337145 | 292758 |
| Ghana Government International Bonds, VRN, 5.00%, 7/3/29<sup>(1)</sup> |  | 1621400 | 1582878 |
| Ghana Government International Bonds, VRN, 5.00%, 7/3/35<sup>(1)</sup> |  | 3100000 | 2679485 |
|  |  |  | 4659373 |
| **Guatemala — 1.5%** |  |  |  |
| Guatemala Government Bonds, 4.375%, 6/5/27<sup>(1)</sup> |  | 1900000 | 1890500 |
| Guatemala Government Bonds, 7.05%, 10/4/32 |  | 3620000 | 4011412 |
| Guatemala Government Bonds, 6.125%, 6/1/50 |  | 1600000 | 1577080 |
| Guatemala Government Bonds, 6.875%, 8/15/55<sup>(1)</sup> |  | 500000 | 540205 |
|  |  |  | 8019197 |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal**<br>**Amount/Shares** | **Value** |
| **Honduras — 0.2%** | |  |  |
| Honduras Government International Bonds, 8.625%, 11/27/34<sup>(1)</sup> |  | $1000000 | $1072750 |
| **Hungary — 3.2%** |  |  |  |
| Hungary Government Bonds, 3.00%, 8/21/30 | HUF | 3048500000 | 7832217 |
| Hungary Government International Bonds, 2.125%, 9/22/31<sup>(1)</sup> |  | $7900000 | 6829248 |
| Hungary Government International Bonds, 6.00%, 9/26/35<sup>(1)</sup> |  | 2000000 | 2105060 |
|  |  |  | 16766525 |
| **India — 1.0%** |  |  |  |
| India Government Bonds, 7.54%, 5/23/36 | INR | 420000000 | 4999551 |
| **Indonesia — 1.2%** |  |  |  |
| Indonesia Government International Bonds, 3.75%, 10/16/33 | EUR | 3100000 | 3603419 |
| Indonesia Government International Bonds, 5.45%, 9/20/52 |  | $2390000 | 2410844 |
|  |  |  | 6014263 |
| **Iraq — 0.0%** |  |  |  |
| Iraq International Bonds, 5.80%, 1/15/28 |  | 250000 | 249593 |
| **Ivory Coast — 0.9%** |  |  |  |
| Ivory Coast Government International Bonds, 8.08%, 4/1/36<sup>(1)</sup> |  | 2700000 | 2854383 |
| Ivory Coast Government International Bonds, 8.25%, 1/30/37<sup>(1)</sup> |  | 1900000 | 2022895 |
|  |  |  | 4877278 |
| **Jordan — 0.4%** |  |  |  |
| Jordan Government International Bonds, 7.375%, 10/10/47<sup>(1)</sup> |  | 1910000 | 1934649 |
| **Kazakhstan — 0.7%** |  |  |  |
| Kazakhstan Government International Bonds, 4.41%, 10/28/30<sup>(1)</sup> |  | 2400000 | 2381400 |
| Kazakhstan Government International Bonds, 5.50%, 7/1/37<sup>(1)</sup> |  | 1300000 | 1332420 |
|  |  |  | 3713820 |
| **Kenya — 0.9%** |  |  |  |
| Republic of Kenya Government International Bonds, 9.75%, 2/16/31<sup>(1)</sup> |  | 1390000 | 1498538 |
| Republic of Kenya Government International Bonds, 9.50%, 3/5/36<sup>(1)</sup> |  | 3100000 | 3183765 |
|  |  |  | 4682303 |
| **Lebanon — 0.3%** |  |  |  |
| Lebanon Government International Bonds, 6.65%, 11/3/28<sup>(3)(4)</sup> |  | 6500000 | 1494025 |
| **Malaysia — 0.6%** |  |  |  |
| Malaysia Government Bonds, 3.83%, 7/5/34 | MYR | 12500000 | 3050887 |
| **Mexico — 4.8%** |  |  |  |
| Eagle Funding Luxco SARL, 5.50%, 8/17/30<sup>(1)</sup> |  | $3659000 | 3721752 |
| Mexico Bonos, 8.00%, 2/21/36 | MXN | 77700000 | 3946207 |
| Mexico Bonos, 7.75%, 11/13/42 | MXN | 61700000 | 2867091 |
| Mexico Bonos, 8.50%, 3/1/29 | MXN | 155910000 | 8542558 |
| Mexico Government International Bonds, 7.375%, 5/13/55 |  | $5000000 | 5624213 |
|  |  |  | 24701821 |
| **Mongolia — 0.3%** |  |  |  |
| Mongolia Government International Bonds, 6.625%, 2/25/30<sup>(1)</sup> |  | 1500000 | 1539847 |
| **Nigeria — 2.0%** |  |  |  |
| Nigeria Government International Bonds, 7.375%, 9/28/33<sup>(1)</sup> |  | 10700000 | 10368436 |
| **Oman — 1.4%** |  |  |  |
| Oman Government International Bonds, 6.75%, 1/17/48<sup>(1)</sup> |  | 6600000 | 7418818 |
| **Pakistan — 1.4%** |  |  |  |
| Pakistan Government International Bonds, 6.875%, 12/5/27<sup>(1)</sup> |  | 7515000 | 7523373 |
| **Panama — 2.8%** |  |  |  |
| Panama Government International Bonds, 3.16%, 1/23/30 |  | 3030000 | 2845625 |
| Panama Government International Bonds, 6.85%, 3/28/54 |  | 5070000 | 5384086 |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal**<br>**Amount/Shares** | **Value** |
| Panama Government International Bonds, 6.875%, 1/31/36 |  | $6049000 | $6555453 |
|  |  |  | 14785164 |
| **Paraguay — 0.6%** |  |  |  |
| Paraguay Government International Bonds, 6.65%, 3/4/55<sup>(1)</sup> |  | 2850000 | 3076717 |
| **Peru — 3.4%** |  |  |  |
| Peru Government Bonds, 7.60%, 8/12/39<sup>(1)</sup> | PEN | 30600000 | 9910869 |
| Peru Government International Bonds, 5.375%, 2/8/35 |  | $2700000 | 2778327 |
| Peru Government International Bonds, 6.20%, 6/30/55 |  | 1600000 | 1684000 |
| Peru Government International Bonds, 8.75%, 11/21/33 |  | 2500000 | 3157375 |
|  |  |  | 17530571 |
| **Philippines — 2.3%** |  |  |  |
| Philippines Government International Bonds, 5.50%, 2/4/35 |  | 3200000 | 3411052 |
| Philippines Government International Bonds, 5.18%, 9/5/49 |  | 5500000 | 5388877 |
| ROP Sukuk Trust, 5.05%, 6/6/29 |  | 2900000 | 2983733 |
|  |  |  | 11783662 |
| **Poland — 3.3%** |  |  |  |
| Bank Gospodarstwa Krajowego, 5.375%, 5/22/33<sup>(1)</sup> |  | 4825000 | 5047609 |
| Republic of Poland Government Bonds, 1.75%, 4/25/32 | PLN | 29500000 | 6601596 |
| Republic of Poland Government International Bonds, 5.375%, 2/12/35 |  | $5400000 | 5657679 |
|  |  |  | 17306884 |
| **Romania — 2.6%** |  |  |  |
| Romania Government International Bonds, 6.00%, 5/25/34<sup>(1)</sup> |  | 13160000 | 13258179 |
| **Saudi Arabia — 1.4%** |  |  |  |
| Saudi Government International Bonds, 5.75%, 1/16/54<sup>(1)</sup> |  | 7030000 | 7200236 |
| **Senegal — 1.1%** |  |  |  |
| Senegal Government International Bonds, 7.75%, 6/10/31 |  | 4100000 | 3233125 |
| Senegal Government International Bonds, 6.25%, 5/23/33<sup>(1)</sup> |  | 3400000 | 2447702 |
|  |  |  | 5680827 |
| **Serbia — 0.6%** |  |  |  |
| Serbia International Bonds, 6.50%, 9/26/33<sup>(1)</sup> |  | 2960000 | 3238823 |
| **South Africa — 2.4%** |  |  |  |
| Republic of South Africa Government Bonds, 8.50%, 1/31/37 | ZAR | 107108000 | 5819700 |
| Republic of South Africa Government Bonds, 8.75%, 1/31/44 | ZAR | 89031421 | 4618593 |
| Republic of South Africa Government International Bonds, 7.10%, 11/19/36<sup>(1)</sup> |  | $1000000 | 1076612 |
| Republic of South Africa Government International Bonds, 6.30%, 6/22/48 |  | 800000 | 727392 |
|  |  |  | 12242297 |
| **Sri Lanka — 1.6%** |  |  |  |
| Sri Lanka Government International Bonds, 4.00%, 4/15/28<sup>(1)</sup> |  | 1864090 | 1794187 |
| Sri Lanka Government International Bonds, VRN, 3.10%, 1/15/30<sup>(1)</sup> |  | 3774979 | 3567355 |
| Sri Lanka Government International Bonds, VRN, 3.35%, 3/15/33<sup>(1)</sup> |  | 3677739 | 3214200 |
| Sri Lanka Government International Bonds, VRN, 3.60%, 5/15/36<sup>(1)</sup> |  | 482 | 442 |
|  |  |  | 8576184 |
| **Suriname — 0.4%** |  |  |  |
| Suriname Government International Bonds, 8.50%, 11/6/35<sup>(1)(5)</sup> |  | 2000000 | 2062500 |
| **Trinidad and Tobago — 0.3%** |  |  |  |
| Trinidad & Tobago Government International Bonds, 5.95%, 1/14/31<sup>(1)</sup> |  | 1825000 | 1822263 |
| **Turkey — 4.6%** |  |  |  |
| Turkiye Government Bonds, 30.00%, 9/12/29 | TRY | 262000000 | 5740470 |
| Turkiye Government International Bonds, 5.95%, 1/15/31 |  | $8000000 | 8010925 |
| Turkiye Government International Bonds, 7.625%, 5/15/34 |  | 8630000 | 9239271 |
| Turkiye Government International Bonds, 6.95%, 9/16/35 |  | 400000 | 405677 |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount/Shares** | **Value** |
| Turkiye Government International Bonds, 6.00%, 1/14/41 | $750000 | $669581 |
|  |  | 24065924 |
| **Ukraine — 1.1%** |  |  |
| Ukraine Government International Bonds, VRN, 0.00%, 2/1/35<sup>(1)</sup> | 5461310 | 2804010 |
| Ukraine Government International Bonds, VRN, 4.50%, 2/1/35 | 762972 | 425689 |
| Ukraine Government International Bonds, VRN, 4.50%, 2/1/35<sup>(1)</sup> | 124397 | 69361 |
| Ukraine Government International Bonds, VRN, 4.50%, 2/1/36<sup>(1)</sup> | 3177710 | 1752434 |
| Ukraine Government International Bonds, VRN, 4.50%, 2/1/36 | 1089960 | 601040 |
|  |  | 5652534 |
| **Uruguay — 2.1%** |  |  |
| Oriental Republic of Uruguay, 5.25%, 9/10/60 | 4700000 | 4526758 |
| Uruguay Government International Bonds, 5.75%, 10/28/34 | 5800000 | 6240800 |
|  |  | 10767558 |
| **Uzbekistan — 0.5%** |  |  |
| Republic of Uzbekistan International Bonds, 6.95%, 5/25/32<sup>(1)</sup> | 2200000 | 2392052 |
| **Venezuela — 0.4%** |  |  |
| Venezuela Government International Bonds, 11.95%, 8/5/31<sup>(3)(4)</sup> | 7500000 | 2205750 |
| **Zambia — 0.4%** |  |  |
| Zambia Government International Bonds, VRN, 5.75%, 6/30/33<sup>(1)</sup> | 2121180 | 2043212 |
| **TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES**<br>(Cost $352,579,094) |  | **382121359** |
| **CORPORATE BONDS — 17.5%** |  |  |
| **Brazil — 0.4%** |  |  |
| Braskem Netherlands Finance BV, 4.50%, 1/31/30<sup>(1)</sup> | 3255000 | 1312058 |
| Yinson Bergenia Production BV, 8.50%, 1/31/45<sup>(1)</sup> | 580000 | 609469 |
|  |  | 1921527 |
| **Chile — 1.0%** |  |  |
| Corp. Nacional del Cobre de Chile, 6.33%, 1/13/35<sup>(1)</sup> | 3000000 | 3208200 |
| Latam Airlines Group SA, 7.875%, 4/15/30<sup>(1)(6)</sup> | 1645000 | 1703233 |
|  |  | 4911433 |
| **Colombia — 0.1%** |  |  |
| Grupo Energia Bogota SA ESP, 5.75%, 10/22/35<sup>(1)</sup> | 424000 | 421679 |
| **El Salvador — 0.7%** |  |  |
| Comision Ejecutiva Hidroelectrica del Rio Lempa, 8.65%, 1/24/33<sup>(1)</sup> | 3300000 | 3499650 |
| **Indonesia — 0.8%** |  |  |
| Pertamina Hulu Energi PT, 5.25%, 5/21/30<sup>(1)</sup> | 4000000 | 4087758 |
| **Luxembourg — 0.3%** |  |  |
| PRIO Luxembourg Holding SARL, 6.75%, 10/15/30<sup>(1)</sup> | 1441000 | 1416484 |
| **Malaysia — 1.5%** |  |  |
| Petronas Capital Ltd., 5.34%, 4/3/35<sup>(1)</sup> | 4000000 | 4178642 |
| Petronas Capital Ltd., 4.55%, 4/21/50 | 4175000 | 3728442 |
|  |  | 7907084 |
| **Mexico — 4.4%** |  |  |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico, VRN, 5.125%, 1/18/33<sup>(1)(6)</sup> | 2270000 | 2247618 |
| FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, 7.25%, 1/31/41<sup>(1)</sup> | 2275195 | 2410274 |
| Grupo Aeromexico SAB de CV, 8.25%, 11/15/29<sup>(1)</sup> | 3000000 | 3030000 |
| Petroleos Mexicanos, 6.84%, 1/23/30 | 10000000 | 10270890 |
| Petroleos Mexicanos, 5.95%, 1/28/31 | 5200000 | 5089765 |
|  |  | 23048547 |
| **Morocco — 0.8%** |  |  |
| OCP SA, 6.75%, 5/2/34<sup>(1)</sup> | 3800000 | 4131263 |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | |
|:---|:---|:---|
|  | **Principal**<br>**Amount/Shares** | **Value** |
| **Multinational — 0.2%** |  |  |
| Digicel International Finance Ltd./Difl U.S. LLC, 8.625%, 8/1/32<sup>(1)</sup> | $1200000 | $1195723 |
| **Peru — 0.2%** |  |  |
| Petroleos del Peru SA, 5.625%, 6/19/47<sup>(1)</sup> | 1500000 | 1081582 |
| **Saudi Arabia — 2.5%** |  |  |
| Gaci First Investment Co., 5.25%, 1/29/30 | 8680000 | 8951022 |
| Saudi Arabian Oil Co., 4.25%, 4/16/39 | 4480000 | 4110803 |
|  |  | 13061825 |
| **South Africa — 1.8%** |  |  |
| Eskom Holdings, 6.35%, 8/10/28<sup>(1)</sup> | 9200000 | 9504979 |
| **United Arab Emirates — 2.3%** |  |  |
| Abu Dhabi Developmental Holding Co. PJSC, 4.50%, 5/6/30<sup>(1)</sup> | 3000000 | 3044376 |
| Abu Dhabi Developmental Holding Co. PJSC, 5.00%, 5/6/35<sup>(1)</sup> | 3000000 | 3089309 |
| Adnoc Murban Rsc Ltd., 5.125%, 9/11/54<sup>(1)</sup> | 2600000 | 2518031 |
| DP World Crescent Ltd., 5.50%, 5/8/35<sup>(1)</sup> | 3000000 | 3131450 |
|  |  | 11783166 |
| **Venezuela — 0.5%** |  |  |
| Petroleos de Venezuela SA, 6.00%, 11/15/26<sup>(1)(3)(4)</sup> | 12600000 | 2816100 |
| **TOTAL CORPORATE BONDS**<br>(Cost $88,112,060) |  | **90788800** |
| **U.S. TREASURY SECURITIES — 3.1%** |  |  |
| U.S. Treasury Notes, 1.625%, 10/31/26 | 7111000 | 6965844 |
| U.S. Treasury Notes, 1.875%, 2/15/32<sup>(7)</sup> | 8881000 | 7916059 |
| U.S. Treasury Notes, 3.375%, 5/15/33<sup>(7)</sup> | 1105000 | 1065591 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $16,438,440) |  | **15947494** |
| **CONVERTIBLE PREFERRED SECURITIES — 0.1%** |  |  |
| **Banks — 0.1%** |  |  |
| Banco Mercantil del Norte SA, 8.375%<sup>(1)</sup><br>(Cost $400,000) | 400000 | **429049** |
| **SHORT-TERM INVESTMENTS — 4.3%** |  |  |
| **Money Market Funds — 0.3%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 76084 | 76084 |
| State Street Navigator Securities Lending Government Money Market Portfolio<sup>(8)</sup> | 1523610 | 1523610 |
|  |  | 1599694 |
| **Repurchase Agreements — 4.0%** |  |  |
| Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 4.75%, 8/15/55, valued at $20,763,127), at 4.15%, dated 10/31/25, due 11/3/25 (Delivery value $20,363,040) |  | 20356000 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $21,955,694) |  | **21955694** |
| **TOTAL INVESTMENT SECURITIES — 98.6%**<br>(Cost $479,485,288) |  | **511242396** |
| **OTHER ASSETS AND LIABILITIES — 1.4%** |  | **7443724** |
| **TOTAL NET ASSETS — 100.0%** |  | $**518686120** |

---

------

Schedule of Investments - Emerging Markets Debt Fund

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| BRL | 87346624 | USD | 16202975 | Bank of America NA | 12/17/25 | $(133331) |
| BRL | 95802524 | USD | 17292469 | Citibank NA | 12/17/25 | 332854 |
| BRL | 55581086 | USD | 10271737 | Citibank NA | 12/17/25 | (46175) |
| BRL | 56507926 | USD | 10184324 | Citibank NA | 12/17/25 | 211753 |
| BRL | 27653334 | USD | 5089162 | Citibank NA | 12/17/25 | (1624) |
| BRL | 28026275 | USD | 5153594 | Citibank NA | 12/17/25 | 2556 |
| BRL | 27874806 | USD | 5141644 | Citibank NA | 12/17/25 | (13361) |
| BRL | 14431226 | USD | 2641654 | Goldman Sachs & Co. LLC | 12/17/25 | 13338 |
| BRL | 27939951 | USD | 5136757 | Goldman Sachs & Co. LLC | 12/17/25 | 3511 |
| BRL | 83650119 | USD | 15385939 | Goldman Sachs & Co. LLC | 12/17/25 | 3638 |
| BRL | 22331245 | USD | 4052858 | Morgan Stanley & Co. LLC | 12/17/25 | 55546 |
| BRL | 57490344 | USD | 10549268 | Morgan Stanley & Co. LLC | 12/17/25 | 27550 |
| BRL | 28803573 | USD | 5275573 | Morgan Stanley & Co. LLC | 12/17/25 | 23580 |
| BRL | 27800835 | USD | 5134705 | Morgan Stanley & Co. LLC | 12/17/25 | (20031) |
| BRL | 56526307 | USD | 10166053 | Morgan Stanley & Co. LLC | 12/17/25 | 233405 |
| BRL | 27645036 | USD | 5061617 | Morgan Stanley & Co. LLC | 12/17/25 | 24393 |
| BRL | 55879901 | USD | 10272985 | Morgan Stanley & Co. LLC | 12/17/25 | 7551 |
| BRL | 62785594 | USD | 11530808 | UBS AG<sup>(9)</sup> | 12/17/25 | 20207 |
| BRL | 28921330 | USD | 5292044 | UBS AG<sup>(9)</sup> | 12/17/25 | 28773 |
| BRL | 28476897 | USD | 5248273 | UBS AG<sup>(9)</sup> | 12/17/25 | (9220) |
| USD | 5555540 | BRL | 30124718 | Bank of America NA | 12/17/25 | 13329 |
| USD | 10186280 | BRL | 55428998 | Bank of America NA | 12/17/25 | (11301) |
| USD | 10107404 | BRL | 56507926 | Bank of America NA | 12/17/25 | (288674) |
| USD | 5106852 | BRL | 28267403 | Bank of America NA | 12/17/25 | (93659) |
| USD | 5111730 | BRL | 27852425 | Bank of America NA | 12/17/25 | (12436) |
| USD | 15397614 | BRL | 83819852 | Bank of America NA | 12/17/25 | (23190) |
| USD | 11890845 | BRL | 64419130 | Citibank NA | 12/17/25 | 39300 |
| USD | 11518475 | BRL | 62785594 | Citibank NA | 12/17/25 | (32540) |
| USD | 10637292 | BRL | 57514135 | Citibank NA | 12/17/25 | 56097 |
| USD | 2718079 | BRL | 14824050 | Citibank NA | 12/17/25 | (9184) |
| USD | 5146585 | BRL | 27883423 | Goldman Sachs & Co. LLC | 12/17/25 | 16716 |
| USD | 5162361 | BRL | 28039259 | Goldman Sachs & Co. LLC | 12/17/25 | 3822 |
| USD | 5159689 | BRL | 27981512 | Goldman Sachs & Co. LLC | 12/17/25 | 11775 |
| USD | 9881280 | BRL | 53714639 | JPMorgan Chase Bank NA | 12/17/25 | (900) |
| USD | 15378355 | BRL | 83624418 | Morgan Stanley & Co. LLC | 12/17/25 | (6494) |
| USD | 16151543 | BRL | 87322833 | UBS AG<sup>(9)</sup> | 12/17/25 | 86276 |
| USD | 4999828 | BRL | 27714499 | UBS AG<sup>(9)</sup> | 12/17/25 | (98963) |
| CLP | 5008017488 | USD | 5200380 | Bank of America NA | 12/17/25 | 113738 |
| CLP | 4958489230 | USD | 5209592 | Bank of America NA | 12/17/25 | 51970 |
| CLP | 4885419959 | USD | 5144063 | Bank of America NA | 12/17/25 | 39963 |
| CLP | 14208060118 | USD | 14766223 | Citibank NA | 12/17/25 | 310261 |
| CLP | 4827013539 | USD | 5005873 | Morgan Stanley & Co. LLC | 12/17/25 | 116177 |
| CLP | 9845129586 | USD | 10410305 | Morgan Stanley & Co. LLC | 12/17/25 | 36578 |
| CLP | 4916239187 | USD | 5173246 | Morgan Stanley & Co. LLC | 12/17/25 | 43483 |
| CLP | 2819906072 | USD | 2949844 | UBS AG<sup>(9)</sup> | 12/17/25 | 42421 |
| CLP | 5636992752 | USD | 5881227 | UBS AG<sup>(9)</sup> | 12/17/25 | 100310 |
| CLP | 5131124671 | USD | 5358492 | UBS AG<sup>(9)</sup> | 12/17/25 | 86257 |
| CLP | 10267474648 | USD | 10716941 | UBS AG<sup>(9)</sup> | 12/17/25 | 178102 |
| CLP | 9894054335 | USD | 10319743 | UBS AG<sup>(9)</sup> | 12/17/25 | 179056 |
| CLP | 9937056665 | USD | 10320793 | UBS AG<sup>(9)</sup> | 12/17/25 | 223636 |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| CLP | 9788292954 | USD | 10449278 | UBS AG<sup>(9)</sup> | 12/17/25 | $(62705) |
| CLP | 9764641751 | USD | 10367050 | UBS AG<sup>(9)</sup> | 12/17/25 | (5575) |
| USD | 5905269 | CLP | 5636992752 | Bank of America NA | 12/17/25 | (76268) |
| USD | 5354962 | CLP | 5131124671 | Bank of America NA | 12/17/25 | (89787) |
| USD | 5236701 | CLP | 5063575879 | Bank of America NA | 12/17/25 | (136370) |
| USD | 10386263 | CLP | 9937056665 | Bank of America NA | 12/17/25 | (158166) |
| USD | 5188225 | CLP | 4903339279 | Bank of America NA | 12/17/25 | (14816) |
| USD | 9021611 | CLP | 8576414263 | Goldman Sachs & Co. LLC | 12/17/25 | (79010) |
| USD | 5160995 | CLP | 4921954595 | Goldman Sachs & Co. LLC | 12/17/25 | (61799) |
| USD | 5150183 | CLP | 4861302472 | Goldman Sachs & Co. LLC | 12/17/25 | (8252) |
| USD | 8809114 | CLP | 8451551927 | Morgan Stanley & Co. LLC | 12/17/25 | (159013) |
| USD | 5212040 | CLP | 5022894821 | Morgan Stanley & Co. LLC | 12/17/25 | (117864) |
| USD | 5201759 | CLP | 4991816102 | Morgan Stanley & Co. LLC | 12/17/25 | (95167) |
| USD | 5213792 | CLP | 5024218873 | Morgan Stanley & Co. LLC | 12/17/25 | (117517) |
| USD | 10400772 | CLP | 9838193781 | Morgan Stanley & Co. LLC | 12/17/25 | (38752) |
| USD | 10361825 | CLP | 9845129586 | UBS AG<sup>(9)</sup> | 12/17/25 | (85058) |
| USD | 10247762 | CLP | 9894054335 | UBS AG<sup>(9)</sup> | 12/17/25 | (251036) |
| USD | 10379639 | CLP | 9788292954 | UBS AG<sup>(9)</sup> | 12/17/25 | (6934) |
| COP | 41922452389 | USD | 10672695 | Bank of America NA | 12/17/25 | 139038 |
| COP | 41689609803 | USD | 10563264 | Citibank NA | 12/17/25 | 188420 |
| COP | 31144280379 | USD | 7884628 | Citibank NA | 12/17/25 | 147432 |
| COP | 31390134326 | USD | 7950895 | Citibank NA | 12/17/25 | 144570 |
| COP | 20438415800 | USD | 5236860 | Citibank NA | 12/17/25 | 34175 |
| COP | 10104227060 | USD | 2643321 | Goldman Sachs & Co. LLC | 12/17/25 | (37457) |
| COP | 19991188833 | USD | 5157805 | Goldman Sachs & Co. LLC | 12/17/25 | (2110) |
| COP | 46237699473 | USD | 11768552 | JPMorgan Chase Bank NA | 12/17/25 | 156076 |
| COP | 20939563777 | USD | 5300082 | Morgan Stanley & Co. LLC | 12/17/25 | 100198 |
| COP | 20595940034 | USD | 5374204 | Morgan Stanley & Co. LLC | 12/17/25 | (62545) |
| USD | 5119886 | COP | 20120895334 | Bank of America NA | 12/17/25 | (69261) |
| USD | 5116457 | COP | 20189336373 | Bank of America NA | 12/17/25 | (90340) |
| USD | 5220906 | COP | 20702616565 | Bank of America NA | 12/17/25 | (118265) |
| USD | 5233426 | COP | 20208454119 | Bank of America NA | 12/17/25 | 21698 |
| USD | 10639217 | COP | 41922452389 | Citibank NA | 12/17/25 | (172516) |
| USD | 10534410 | COP | 41689609803 | Citibank NA | 12/17/25 | (217274) |
| USD | 5254538 | COP | 20844804902 | Goldman Sachs & Co. LLC | 12/17/25 | (121304) |
| USD | 11696538 | COP | 46237699473 | JPMorgan Chase Bank NA | 12/17/25 | (228091) |
| USD | 10568705 | COP | 41818781394 | JPMorgan Chase Bank NA | 12/17/25 | (216291) |
| USD | 5245202 | COP | 20810392186 | Morgan Stanley & Co. LLC | 12/17/25 | (121764) |
| USD | 2535849 | COP | 9971592770 | UBS AG<sup>(9)</sup> | 12/17/25 | (35809) |
| CZK | 243936555 | USD | 11839707 | Bank of America NA | 12/17/25 | (272822) |
| CZK | 218237309 | USD | 10427901 | Bank of America NA | 12/17/25 | (79613) |
| CZK | 224696774 | USD | 10804875 | Citibank NA | 12/17/25 | (150295) |
| CZK | 445476190 | USD | 21539527 | Citibank NA | 12/17/25 | (416118) |
| CZK | 106257788 | USD | 5067747 | Citibank NA | 12/17/25 | (29259) |
| CZK | 109067287 | USD | 5212004 | Citibank NA | 12/17/25 | (40296) |
| CZK | 223709085 | USD | 10735102 | Goldman Sachs & Co. LLC | 12/17/25 | (127356) |
| CZK | 366405733 | USD | 17646321 | Morgan Stanley & Co. LLC | 12/17/25 | (272243) |
| CZK | 122136426 | USD | 5939904 | UBS AG<sup>(9)</sup> | 12/17/25 | (148489) |
| CZK | 217122034 | USD | 10290314 | UBS AG<sup>(9)</sup> | 12/17/25 | 5090 |
| USD | 10361115 | CZK | 218237309 | Bank of America NA | 12/17/25 | 12827 |
| USD | 11933098 | CZK | 244366452 | Citibank NA | 12/17/25 | 345829 |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| USD | 5958641 | CZK | 122039281 | Citibank NA | 12/17/25 | $171832 |
| USD | 10805265 | CZK | 224696774 | Citibank NA | 12/17/25 | 150684 |
| USD | 10730180 | CZK | 223167688 | Citibank NA | 12/17/25 | 148106 |
| USD | 5556110 | CZK | 114976645 | Citibank NA | 12/17/25 | 104194 |
| USD | 5187287 | CZK | 107331857 | Citibank NA | 12/17/25 | 97868 |
| USD | 11850703 | CZK | 243936555 | Goldman Sachs & Co. LLC | 12/17/25 | 283818 |
| USD | 5169314 | CZK | 107340680 | Goldman Sachs & Co. LLC | 12/17/25 | 79478 |
| USD | 10442959 | CZK | 217122034 | Goldman Sachs & Co. LLC | 12/17/25 | 147555 |
| USD | 5387141 | CZK | 112054262 | Morgan Stanley & Co. LLC | 12/17/25 | 73798 |
| USD | 5182697 | CZK | 107984395 | Morgan Stanley & Co. LLC | 12/17/25 | 62337 |
| USD | 5919734 | CZK | 122136426 | UBS AG<sup>(9)</sup> | 12/17/25 | 128319 |
| USD | 5426269 | CZK | 111654823 | UBS AG<sup>(9)</sup> | 12/17/25 | 131866 |
| USD | 2040579 | EUR | 1737400 | JPMorgan Chase Bank NA | 12/17/25 | 33079 |
| USD | 2057733 | EUR | 1746500 | Morgan Stanley & Co. LLC | 12/17/25 | 39718 |
| USD | 583120 | EUR | 499930 | Morgan Stanley & Co. LLC | 12/17/25 | 5470 |
| USD | 3036034 | EUR | 2603900 | Morgan Stanley & Co. LLC | 12/17/25 | 27326 |
| HUF | 3901135216 | USD | 11735893 | Bank of America NA | 12/17/25 | (172344) |
| HUF | 7168819630 | USD | 21395840 | Bank of America NA | 12/17/25 | (146386) |
| HUF | 1720088896 | USD | 5156258 | Bank of America NA | 12/17/25 | (57657) |
| HUF | 1748631361 | USD | 5159626 | Citibank NA | 12/17/25 | 23579 |
| HUF | 1739719521 | USD | 5157729 | Citibank NA | 12/17/25 | (940) |
| HUF | 1957660426 | USD | 5892574 | Goldman Sachs & Co. LLC | 12/17/25 | (89776) |
| HUF | 3603202654 | USD | 10677408 | Goldman Sachs & Co. LLC | 12/17/25 | 3024 |
| HUF | 1685097492 | USD | 4967989 | Goldman Sachs & Co. LLC | 12/17/25 | 26893 |
| HUF | 1727806899 | USD | 5133749 | Goldman Sachs & Co. LLC | 12/17/25 | (12271) |
| HUF | 1961201536 | USD | 5918393 | JPMorgan Chase Bank NA | 12/17/25 | (105098) |
| HUF | 2319922603 | USD | 6879507 | UBS AG<sup>(9)</sup> | 12/17/25 | (2909) |
| HUF | 3624860793 | USD | 10766676 | UBS AG<sup>(9)</sup> | 12/17/25 | (22046) |
| HUF | 3515542268 | USD | 10352198 | UBS AG<sup>(9)</sup> | 12/17/25 | 68395 |
| HUF | 1698039222 | USD | 5045525 | UBS AG<sup>(9)</sup> | 12/17/25 | (12283) |
| USD | 14906328 | HUF | 4935758010 | Bank of America NA | 12/17/25 | 276003 |
| USD | 2547667 | HUF | 861160634 | Bank of America NA | 12/17/25 | (4942) |
| USD | 5867443 | HUF | 1961036621 | Citibank NA | 12/17/25 | 54637 |
| USD | 10745031 | HUF | 3612314008 | Citibank NA | 12/17/25 | 37592 |
| USD | 10746543 | HUF | 3619778551 | Citibank NA | 12/17/25 | 16978 |
| USD | 10668483 | HUF | 3595145568 | Goldman Sachs & Co. LLC | 12/17/25 | 11933 |
| USD | 5145792 | HUF | 1717678937 | Goldman Sachs & Co. LLC | 12/17/25 | 54334 |
| USD | 10308437 | HUF | 3518470826 | Goldman Sachs & Co. LLC | 12/17/25 | (120837) |
| USD | 10399394 | HUF | 3486958340 | Goldman Sachs & Co. LLC | 12/17/25 | 63528 |
| USD | 5008421 | HUF | 1685166287 | Goldman Sachs & Co. LLC | 12/17/25 | 13336 |
| USD | 5905949 | HUF | 1961201536 | Morgan Stanley & Co. LLC | 12/17/25 | 92654 |
| USD | 10687390 | HUF | 3583395319 | Morgan Stanley & Co. LLC | 12/17/25 | 65670 |
| USD | 5130124 | HUF | 1720088896 | Morgan Stanley & Co. LLC | 12/17/25 | 31523 |
| USD | 2563232 | HUF | 865725608 | Morgan Stanley & Co. LLC | 12/17/25 | (2908) |
| USD | 5167180 | HUF | 1736913433 | Morgan Stanley & Co. LLC | 12/17/25 | 18709 |
| USD | 5161415 | HUF | 1735365320 | Morgan Stanley & Co. LLC | 12/17/25 | 17533 |
| USD | 11754865 | HUF | 3910126410 | UBS AG<sup>(9)</sup> | 12/17/25 | 164665 |
| IDR | 339738290975 | USD | 20282883 | Citibank NA | 12/17/25 | 130401 |
| IDR | 177226269530 | USD | 10618710 | Goldman Sachs & Co. LLC | 12/17/25 | 29987 |
| IDR | 192163282493 | USD | 11656454 | UBS AG<sup>(9)</sup> | 12/17/25 | (110261) |
| IDR | 96052361951 | USD | 5829400 | UBS AG<sup>(9)</sup> | 12/17/25 | (58063) |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| IDR | 87198835246 | USD | 5242076 | UBS AG<sup>(9)</sup> | 12/17/25 | $(2706) |
| IDR | 178242061426 | USD | 10693482 | UBS AG<sup>(9)</sup> | 12/17/25 | 16249 |
| IDR | 178242061426 | USD | 10699355 | UBS AG<sup>(9)</sup> | 12/17/25 | 10376 |
| IDR | 176738514463 | USD | 10630613 | UBS AG<sup>(9)</sup> | 12/17/25 | (11223) |
| IDR | 172662689661 | USD | 10364871 | UBS AG<sup>(9)</sup> | 12/17/25 | 9622 |
| USD | 11962009 | IDR | 197050176164 | Goldman Sachs & Co. LLC | 12/17/25 | 122186 |
| USD | 31372910 | IDR | 518102594501 | UBS AG<sup>(9)</sup> | 12/17/25 | 242550 |
| USD | 10637799 | IDR | 178242061426 | UBS AG<sup>(9)</sup> | 12/17/25 | (71933) |
| USD | 10667460 | IDR | 178242061426 | UBS AG<sup>(9)</sup> | 12/17/25 | (42271) |
| USD | 10608978 | IDR | 177226269530 | UBS AG<sup>(9)</sup> | 12/17/25 | (39719) |
| USD | 10606466 | IDR | 176738514463 | UBS AG<sup>(9)</sup> | 12/17/25 | (12924) |
| USD | 10394329 | IDR | 172662689661 | UBS AG<sup>(9)</sup> | 12/17/25 | 19836 |
| INR | 468765483 | USD | 5266200 | Morgan Stanley & Co. LLC | 12/17/25 | 1892 |
| INR | 783577700 | USD | 8866749 | UBS AG<sup>(9)</sup> | 12/17/25 | (60728) |
| INR | 263186329 | USD | 2981241 | UBS AG<sup>(9)</sup> | 12/17/25 | (23494) |
| INR | 428407290 | USD | 4813495 | UBS AG<sup>(9)</sup> | 12/17/25 | 1042 |
| INR | 446434277 | USD | 5061275 | UBS AG<sup>(9)</sup> | 12/17/25 | (44146) |
| USD | 5144436 | INR | 455684870 | Citibank NA | 12/17/25 | 23347 |
| USD | 1071415 | INR | 95074022 | UBS AG<sup>(9)</sup> | 12/17/25 | 2952 |
| KRW | 14995472657 | USD | 10737743 | Bank of America NA | 12/17/25 | (225547) |
| KRW | 20425206727 | USD | 14795299 | Citibank NA | 12/17/25 | (476727) |
| KRW | 14786076728 | USD | 10388150 | Citibank NA | 12/17/25 | (22746) |
| KRW | 16397838313 | USD | 11862812 | UBS AG<sup>(9)</sup> | 12/17/25 | (367524) |
| KRW | 14995472657 | USD | 10738918 | UBS AG<sup>(9)</sup> | 12/17/25 | (226722) |
| KRW | 14935228349 | USD | 10489147 | UBS AG<sup>(9)</sup> | 12/17/25 | (19185) |
| USD | 7397358 | KRW | 10173586425 | Citibank NA | 12/17/25 | 265424 |
| USD | 7454098 | KRW | 10251620302 | Citibank NA | 12/17/25 | 267459 |
| USD | 10722776 | KRW | 14995472657 | Goldman Sachs & Co. LLC | 12/17/25 | 210580 |
| USD | 10717052 | KRW | 14995472657 | Goldman Sachs & Co. LLC | 12/17/25 | 204857 |
| USD | 10427291 | KRW | 14857960606 | Goldman Sachs & Co. LLC | 12/17/25 | 11495 |
| USD | 11696433 | KRW | 16397838313 | UBS AG<sup>(9)</sup> | 12/17/25 | 201145 |
| USD | 10664197 | KRW | 14935228349 | UBS AG<sup>(9)</sup> | 12/17/25 | 194234 |
| USD | 10342291 | KRW | 14786076728 | UBS AG<sup>(9)</sup> | 12/17/25 | (23113) |
| MXN | 54830687 | USD | 2941802 | Bank of America NA | 12/17/25 | (3771) |
| MXN | 108858449 | USD | 5862601 | Goldman Sachs & Co. LLC | 12/17/25 | (29563) |
| MXN | 99314558 | USD | 5369670 | Goldman Sachs & Co. LLC | 12/17/25 | (48029) |
| MXN | 99468409 | USD | 5339676 | Goldman Sachs & Co. LLC | 12/17/25 | (9790) |
| MXN | 191410575 | USD | 10328392 | Goldman Sachs & Co. LLC | 12/17/25 | (71904) |
| MXN | 94701208 | USD | 5138569 | Goldman Sachs & Co. LLC | 12/17/25 | (64128) |
| MXN | 94736551 | USD | 5083945 | Goldman Sachs & Co. LLC | 12/17/25 | (7610) |
| MXN | 94834412 | USD | 5123265 | Goldman Sachs & Co. LLC | 12/17/25 | (41686) |
| MXN | 94319843 | USD | 5109862 | Goldman Sachs & Co. LLC | 12/17/25 | (55856) |
| MXN | 191467883 | USD | 10337138 | Goldman Sachs & Co. LLC | 12/17/25 | (77580) |
| MXN | 192469046 | USD | 10339923 | Goldman Sachs & Co. LLC | 12/17/25 | (26719) |
| MXN | 49152860 | USD | 2653731 | JPMorgan Chase Bank NA | 12/17/25 | (19939) |
| MXN | 68760411 | USD | 3713493 | JPMorgan Chase Bank NA | 12/17/25 | (29055) |
| MXN | 55511498 | USD | 2976823 | Morgan Stanley & Co. LLC | 12/17/25 | (2311) |
| MXN | 109874847 | USD | 5883174 | Morgan Stanley & Co. LLC | 12/17/25 | 4327 |
| MXN | 218054743 | USD | 11802050 | Morgan Stanley & Co. LLC | 12/17/25 | (117870) |
| MXN | 99165152 | USD | 5321707 | Morgan Stanley & Co. LLC | 12/17/25 | (8071) |
| MXN | 149082895 | USD | 8010365 | Morgan Stanley & Co. LLC | 12/17/25 | (21951) |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| MXN | 98784672 | USD | 5329876 | Morgan Stanley & Co. LLC | 12/17/25 | $(36627) |
| MXN | 95563343 | USD | 5161123 | Morgan Stanley & Co. LLC | 12/17/25 | (40485) |
| MXN | 95762449 | USD | 5146194 | Morgan Stanley & Co. LLC | 12/17/25 | (14887) |
| MXN | 191142298 | USD | 10257528 | Morgan Stanley & Co. LLC | 12/17/25 | (15415) |
| MXN | 191303210 | USD | 10321419 | Morgan Stanley & Co. LLC | 12/17/25 | (70684) |
| MXN | 191467883 | USD | 10319385 | Morgan Stanley & Co. LLC | 12/17/25 | (59826) |
| MXN | 192079301 | USD | 10291449 | Morgan Stanley & Co. LLC | 12/17/25 | 872 |
| USD | 5889528 | MXN | 108674253 | Bank of America NA | 12/17/25 | 66359 |
| USD | 10264785 | MXN | 192110466 | Bank of America NA | 12/17/25 | (29205) |
| USD | 10325797 | MXN | 191935128 | Bank of America NA | 12/17/25 | 41202 |
| USD | 11997004 | MXN | 221846826 | Citibank NA | 12/17/25 | 109629 |
| USD | 5894880 | MXN | 108991310 | Citibank NA | 12/17/25 | 54722 |
| USD | 5606240 | MXN | 104128117 | Citibank NA | 12/17/25 | 26670 |
| USD | 5101164 | MXN | 94630595 | Citibank NA | 12/17/25 | 30507 |
| USD | 5150202 | MXN | 95252545 | Citibank NA | 12/17/25 | 46218 |
| USD | 10267800 | MXN | 190371970 | Citibank NA | 12/17/25 | 66965 |
| USD | 3958419 | MXN | 74372463 | Goldman Sachs & Co. LLC | 12/17/25 | (26733) |
| USD | 11749799 | MXN | 217997270 | Goldman Sachs & Co. LLC | 12/17/25 | 68698 |
| USD | 5382714 | MXN | 99901184 | Goldman Sachs & Co. LLC | 12/17/25 | 29638 |
| USD | 2747531 | MXN | 51046999 | Goldman Sachs & Co. LLC | 12/17/25 | 12243 |
| USD | 5154849 | MXN | 95162261 | Goldman Sachs & Co. LLC | 12/17/25 | 55703 |
| USD | 10252606 | MXN | 191213164 | Goldman Sachs & Co. LLC | 12/17/25 | 6696 |
| USD | 5971745 | MXN | 111593779 | Morgan Stanley & Co. LLC | 12/17/25 | (7863) |
| USD | 5916500 | MXN | 109680197 | Morgan Stanley & Co. LLC | 12/17/25 | 39429 |
| USD | 5356337 | MXN | 99577914 | Morgan Stanley & Co. LLC | 12/17/25 | 20584 |
| USD | 5170958 | MXN | 95847233 | Morgan Stanley & Co. LLC | 12/17/25 | 35109 |
| USD | 10297757 | MXN | 191394842 | Morgan Stanley & Co. LLC | 12/17/25 | 42113 |
| USD | 5156810 | MXN | 95480155 | Morgan Stanley & Co. LLC | 12/17/25 | 40629 |
| USD | 5114547 | MXN | 95220800 | Morgan Stanley & Co. LLC | 12/17/25 | 12264 |
| USD | 5101496 | MXN | 94712623 | Morgan Stanley & Co. LLC | 12/17/25 | 26443 |
| USD | 5236104 | MXN | 97622118 | Morgan Stanley & Co. LLC | 12/17/25 | 5149 |
| USD | 10308940 | MXN | 191467883 | UBS AG<sup>(9)</sup> | 12/17/25 | 49381 |
| USD | 3095881 | MYR | 12981027 | Goldman Sachs & Co. LLC | 12/17/25 | (7123) |
| PEN | 34945591 | USD | 10346279 | Bank of America NA | 12/17/25 | 20473 |
| PEN | 17305644 | USD | 5120986 | UBS AG<sup>(9)</sup> | 12/17/25 | 12804 |
| USD | 10261660 | PEN | 34874250 | Bank of America NA | 12/17/25 | (83928) |
| USD | 9602011 | PEN | 33627202 | Citibank NA | 12/17/25 | (373635) |
| USD | 5179820 | PEN | 17555447 | Citibank NA | 12/17/25 | (28074) |
| USD | 5189167 | PEN | 17672595 | Goldman Sachs & Co. LLC | 12/17/25 | (53481) |
| USD | 5157250 | PEN | 17583537 | UBS AG<sup>(9)</sup> | 12/17/25 | (58977) |
| PHP | 617506296 | USD | 10589150 | Goldman Sachs & Co. LLC | 12/17/25 | (76448) |
| PHP | 53490787 | USD | 937862 | JPMorgan Chase Bank NA | 12/17/25 | (27211) |
| USD | 11733631 | PHP | 670997083 | UBS AG<sup>(9)</sup> | 12/17/25 | 310278 |
| PLN | 38580877 | USD | 10640285 | Bank of America NA | 12/17/25 | (197269) |
| PLN | 53335967 | USD | 14655214 | Citibank NA | 12/17/25 | (218311) |
| PLN | 38768050 | USD | 10698743 | Citibank NA | 12/17/25 | (205062) |
| PLN | 37660478 | USD | 10191338 | Citibank NA | 12/17/25 | 2547 |
| PLN | 7005360 | USD | 1948235 | Goldman Sachs & Co. LLC | 12/17/25 | (52034) |
| PLN | 38193952 | USD | 10382814 | Goldman Sachs & Co. LLC | 12/17/25 | (44529) |
| PLN | 37974492 | USD | 10399781 | Goldman Sachs & Co. LLC | 12/17/25 | (120900) |
| PLN | 18897498 | USD | 5143391 | Morgan Stanley & Co. LLC | 12/17/25 | (28243) |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| PLN | 37945896 | USD | 10478795 | UBS AG<sup>(9)</sup> | 12/17/25 | $(207654) |
| USD | 5177231 | PLN | 19014172 | Bank of America NA | 12/17/25 | 30502 |
| USD | 10342657 | PLN | 38232129 | Bank of America NA | 12/17/25 | (5961) |
| USD | 8904200 | PLN | 31987405 | Citibank NA | 12/17/25 | 245895 |
| USD | 5251120 | PLN | 19102394 | Citibank NA | 12/17/25 | 80512 |
| USD | 10441583 | PLN | 38043342 | Citibank NA | 12/17/25 | 144065 |
| USD | 10329131 | PLN | 37672085 | Citibank NA | 12/17/25 | 132104 |
| USD | 10678426 | PLN | 38773618 | Goldman Sachs & Co. LLC | 12/17/25 | 183239 |
| USD | 10604617 | PLN | 38580877 | Goldman Sachs & Co. LLC | 12/17/25 | 161600 |
| USD | 8613393 | PLN | 31349685 | UBS AG<sup>(9)</sup> | 12/17/25 | 127705 |
| USD | 5942264 | PLN | 21342088 | UBS AG<sup>(9)</sup> | 12/17/25 | 165418 |
| USD | 5177921 | PLN | 18833315 | UBS AG<sup>(9)</sup> | 12/17/25 | 80146 |
| THB | 344292456 | USD | 10670276 | Morgan Stanley & Co. LLC | 12/17/25 | 14101 |
| THB | 28529488 | USD | 902523 | UBS AG<sup>(9)</sup> | 12/17/25 | (17172) |
| THB | 334904751 | USD | 10375828 | UBS AG<sup>(9)</sup> | 12/17/25 | 17222 |
| USD | 11816373 | THB | 372821944 | Citibank NA | 12/17/25 | 246645 |
| USD | 10343143 | THB | 334904751 | UBS AG<sup>(9)</sup> | 12/17/25 | (49907) |
| USD | 10358824 | THB | 335314086 | UBS AG<sup>(9)</sup> | 12/17/25 | (46929) |
| TWD | 356981484 | USD | 11940698 | Morgan Stanley & Co. LLC | 12/17/25 | (331432) |
| TWD | 323898247 | USD | 10589184 | UBS AG<sup>(9)</sup> | 12/17/25 | (55806) |
| USD | 11901366 | TWD | 356981484 | Goldman Sachs & Co. LLC | 12/17/25 | 292100 |
| USD | 10320149 | TWD | 316353833 | Goldman Sachs & Co. LLC | 12/17/25 | 32120 |
| USD | 10689686 | TWD | 323898247 | UBS AG<sup>(9)</sup> | 12/17/25 | 156308 |
| USD | 5912846 | ZAR | 103268074 | Bank of America NA | 12/17/25 | (25913) |
| USD | 10729056 | ZAR | 187872881 | Bank of America NA | 12/17/25 | (75172) |
| USD | 5173547 | ZAR | 89629484 | Bank of America NA | 12/17/25 | 19118 |
| USD | 5161426 | ZAR | 89265548 | Bank of America NA | 12/17/25 | 27927 |
| USD | 10397467 | ZAR | 180647062 | Bank of America NA | 12/17/25 | 8782 |
| USD | 5161472 | ZAR | 89171356 | Bank of America NA | 12/17/25 | 33389 |
| USD | 12020850 | ZAR | 210267673 | Citibank NA | 12/17/25 | (71262) |
| USD | 10460176 | ZAR | 179543143 | Citibank NA | 12/17/25 | 134976 |
| USD | 10270121 | ZAR | 177454571 | Citibank NA | 12/17/25 | 65031 |
| USD | 5880513 | ZAR | 102395403 | Goldman Sachs & Co. LLC | 12/17/25 | (8060) |
| USD | 10227411 | ZAR | 179504605 | Goldman Sachs & Co. LLC | 12/17/25 | (95573) |
| USD | 5205697 | ZAR | 90736874 | Goldman Sachs & Co. LLC | 12/17/25 | (12416) |
| USD | 2617903 | ZAR | 45829123 | Morgan Stanley & Co. LLC | 12/17/25 | (17646) |
| USD | 5881431 | ZAR | 102894626 | Morgan Stanley & Co. LLC | 12/17/25 | (35851) |
| USD | 5489727 | ZAR | 95537661 | Morgan Stanley & Co. LLC | 12/17/25 | (4470) |
| USD | 10766887 | ZAR | 187028924 | Morgan Stanley & Co. LLC | 12/17/25 | 11193 |
| USD | 5175179 | ZAR | 89502877 | Morgan Stanley & Co. LLC | 12/17/25 | 28031 |
| USD | 8849313 | ZAR | 154756599 | UBS AG<sup>(9)</sup> | 12/17/25 | (50457) |
| USD | 11809354 | ZAR | 206279862 | UBS AG<sup>(9)</sup> | 12/17/25 | (53426) |
| USD | 10379904 | ZAR | 178342712 | UBS AG<sup>(9)</sup> | 12/17/25 | 123739 |
| ZAR | 205670241 | USD | 11757105 | Bank of America NA | 12/17/25 | 70617 |
| ZAR | 186560546 | USD | 10690600 | Bank of America NA | 12/17/25 | 38158 |
| ZAR | 89629484 | USD | 5177384 | Bank of America NA | 12/17/25 | (22955) |
| ZAR | 178993100 | USD | 10349730 | Bank of America NA | 12/17/25 | (56162) |
| ZAR | 132754823 | USD | 7605264 | Bank of America NA | 12/17/25 | 29224 |
| ZAR | 89171356 | USD | 5168102 | Bank of America NA | 12/17/25 | (40019) |
| ZAR | 178342712 | USD | 10337719 | Bank of America NA | 12/17/25 | (81554) |
| ZAR | 134308281 | USD | 7674958 | Citibank NA | 12/17/25 | 48867 |

---

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| ZAR | 177913913 | USD | 10232177 | Citibank NA | 12/17/25 | $(671) |
| ZAR | 102395403 | USD | 5870729 | Goldman Sachs & Co. LLC | 12/17/25 | 17844 |
| ZAR | 188677143 | USD | 10760336 | Goldman Sachs & Co. LLC | 12/17/25 | 90144 |
| ZAR | 231106735 | USD | 13111636 | Morgan Stanley & Co. LLC | 12/17/25 | 178892 |
| ZAR | 46545230 | USD | 2663639 | Morgan Stanley & Co. LLC | 12/17/25 | 13093 |
| ZAR | 102484941 | USD | 5899298 | Morgan Stanley & Co. LLC | 12/17/25 | (5576) |
| ZAR | 94115084 | USD | 5422202 | Morgan Stanley & Co. LLC | 12/17/25 | (9814) |
| ZAR | 89173149 | USD | 5127239 | Morgan Stanley & Co. LLC | 12/17/25 | 947 |
| ZAR | 89778076 | USD | 5152087 | Morgan Stanley & Co. LLC | 12/17/25 | 10887 |
| ZAR | 52074363 | USD | 2969476 | UBS AG<sup>(9)</sup> | 12/17/25 | 25226 |
| ZAR | 7257914 | USD | 417733 | UBS AG<sup>(9)</sup> | 12/17/25 | (344) |
| ZAR | 178342712 | USD | 10402755 | UBS AG<sup>(9)</sup> | 12/17/25 | (146589) |
|  |  |  |  |  |  | $1023069 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation)^** |
| U.S. Treasury 2-Year Notes | 273 | December 2025 | $56850117 | $(47454) |
| U.S. Treasury Ultra Bonds | 158 | December 2025 | 19162438 | 583177 |
|  |  |  | $76012555 | $535723 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation<br>(Depreciation)^** |
| U.S. Treasury 10-Year Ultra Notes | 34 | December 2025 | $3926469 | $37652 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** |
| **Reference Entity** | **Type** | **Fixed Rate<br>Received<br>(Paid)<br>Quarterly** | **Termination<br>Date** | **Notional<br>Amount** | **Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** | **Value^** |
| Chile Government International Bonds | Buy | (1.00)% | 6/20/29 | $5800000 | $(81071) | $(48029) | $(129100) |
| Markit CDX Emerging Markets Index Series 43 | Buy | (1.00)% | 6/20/30 | $16550000 | 635467 | (491483) | 143984 |
| Mexico Government International Bonds | Buy | (1.00)% | 6/20/29 | $15960000 | (28831) | (181160) | (209991) |
|  |  |  |  |  | $525565 | $(720672) | $(195107) |

---

^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **INTEREST RATE SWAP AGREEMENTS** | **INTEREST RATE SWAP AGREEMENTS** | **INTEREST RATE SWAP AGREEMENTS** | **INTEREST RATE SWAP AGREEMENTS** | **INTEREST RATE SWAP AGREEMENTS** | **INTEREST RATE SWAP AGREEMENTS** | **INTEREST RATE SWAP AGREEMENTS** | **INTEREST RATE SWAP AGREEMENTS** |
| **Counterparty** | **Floating**<br>**Rate Index** | **Pay/Receive**<br>**Floating Rate**<br>**Index**<br>**at Termination** | **Fixed**<br>**Rate** | **Termination**<br>**Date** | **Notional**<br>**Amount** | **Notional**<br>**Amount** | **Value^** |
| Bank of America NA | BZDIOVRA | Pay | 14.20% | 1/2/31 | BRL | 16000000 | $163653 |
| Bank of America NA | BZDIOVRA | Pay | 14.27% | 1/2/31 | BRL | 10000000 | 102876 |
| Goldman Sachs & Co. LLC | BZDIOVRA | Pay | 15.00% | 1/2/29 | BRL | 55000000 | 755965 |
| Goldman Sachs & Co. LLC | BZDIOVRA | Pay | 14.18% | 1/2/29 | BRL | 60000000 | 372430 |
| Goldman Sachs & Co. LLC | BZDIOVRA | Pay | 14.01% | 1/2/31 | BRL | 20000000 | 146818 |
|  |  |  |  |  |  |  | $1541742 |

---

^Amount represents value and unrealized appreciation (depreciation).

------

Schedule of Investments - Emerging Markets Debt Fund

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| BRL | – | Brazilian Real |
| BZDIOVRA | – | Brazil Interbank Deposit Rate |
| CDX | – | Credit Derivatives Indexes |
| CLP | – | Chilean Peso |
| COP | – | Colombian Peso |
| CZK | – | Czech Koruna |
| EUR | – | Euro |
| HUF | – | Hungarian Forint |
| IDR | – | Indonesian Rupiah |
| INR | – | Indian Rupee |
| KRW | – | South Korean Won |
| MXN | – | Mexican Peso |
| MYR | – | Malaysian Ringgit |
| PEN | – | Peruvian Sol |
| PHP | – | Philippine Peso |
| PLN | – | Polish Zloty |
| THB | – | Thai Baht |
| TRY | – | Turkish Lira |
| TWD | – | Taiwanese Dollar |
| USD | – | United States Dollar |
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |
| ZAR | – | South African Rand |

---

(1)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $230,822,887, which represented 44.5% of total net assets.

(2)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.

(3)Security is in default.

(4)Non-income producing.

(5)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.

(6)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $1,472,949. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.

(7)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward foreign currency exchange contracts, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $3,593,333.

(8)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $1,523,610.

(9)Collateral has been received at the custodian bank for collateral requirements on forward foreign currency exchange contracts. At the period end, the aggregate value of securities received was $437,961.

------

Schedule of Investments - Emerging Markets Debt Fund

**FAIR VALUE MEASUREMENTS**

The following is a summary of the fund's valuation inputs as of period end.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | | | |
| **Investment Securities** | | | |
| Sovereign Governments and Agencies |  | $382121359 |  |
| Corporate Bonds |  | 90788800 |  |
| U.S. Treasury Securities |  | 15947494 |  |
| Convertible Preferred Securities |  | 429049 |  |
| Short-Term Investments | $1599694 | 20356000 |  |
|  | $1599694 | $509642702 |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $620829 |  |  |
| Swap Agreements |  | $1685726 |  |
| Forward Foreign Currency Exchange Contracts |  | 13048762 |  |
|  | $620829 | $14734488 |  |
| **Liabilities** |  |  |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $47454 |  |  |
| Swap Agreements |  | $339091 |  |
| Forward Foreign Currency Exchange Contracts |  | 12025693 |  |
|  | $47454 | $12364784 |  |

---

**DERIVATIVE INSTRUMENTS**

As of period end, the value of derivative instruments located on the Statement of Assets and Liabilities were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit** | **Foreign Currency** | **Interest Rate** | **Total** |
| **Asset Derivatives:** | | | | |
| &nbsp;&nbsp;Unrealized appreciation on forward foreign currency exchange contracts |  | $13048762 |  | $13048762 |
| &nbsp;&nbsp;Swap agreements |  |  | $1541742 | 1541742 |
|  |  |  |  | $14590504 |
| **Liability Derivatives:** |  |  |  |  |
| &nbsp;&nbsp;Payable for variation margin on futures contracts\* |  |  | $76875 | $76875 |
| &nbsp;&nbsp;Payable for variation margin on swap agreements\* | $12282 |  |  | 12282 |
| &nbsp;&nbsp;Unrealized depreciation on forward foreign currency exchange contracts |  | $12025693 |  | 12025693 |
|  |  |  |  | $12114850 |

---

\*Included in the unrealized appreciation (depreciation) on futures contracts or centrally cleared swap agreements, as applicable, as reported in the Schedule of Investments.

------

Schedule of Investments - Emerging Markets Debt Fund

The following is a summary of the effect of derivative instruments on the Statement of Operations for the period ended October 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit** | **Foreign Currency** | **Interest Rate** | **Total** |
| **Net realized gain (loss) on:** | | | | |
| &nbsp;&nbsp;Forward foreign currency exchange transactions |  | $(11175341) |  | $(11175341) |
| &nbsp;&nbsp;Futures contract transactions |  |  | $(958467) | (958467) |
| &nbsp;&nbsp;Swap agreement transactions | $(831364) |  | (1805019) | (2636383) |
|  |  |  |  | $(14770191) |
| **Change in net unrealized appreciation (depreciation) on:** |  |  |  |  |
| &nbsp;&nbsp;Forward foreign currency exchange contracts |  | $1550787 |  | $1550787 |
| &nbsp;&nbsp;Futures contracts |  |  | $1063844 | 1063844 |
| &nbsp;&nbsp;Swap agreements | $(598134) |  | 2393391 | 1795257 |
|  |  |  |  | $4409888 |

---

The fund does not offset assets and liabilities subject to master netting arrangements on the Statement of Assets and Liabilities for financial reporting purposes. The fund's asset derivatives and liability derivatives that are subject to legally enforceable offsetting arrangements as of period end were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross Amount**<br>**on Statement**<br>**of Assets**<br>**and Liabilities** | **Amount**<br>**Eligible**<br>**for Offset** | **Collateral** | **Net**<br>**Exposure\*** |
| **Assets** | | | | |
| Bank of America NA | $1320846 | $(1320846) |  |  |
| Citibank NA | 4740701 | (2526070) | $(898782) | $1315849 |
| Goldman Sachs & Co. LLC | 3541042 | (1590334) | (1770000) | 180708 |
| JPMorgan Chase Bank NA | 189155 | (189155) |  |  |
| Morgan Stanley & Co. LLC | 1589154 | (1589154) |  |  |
| UBS AG | 3209606 | (2542300) | (437961) | 229345 |
|  | $14590504 | $(9757859) | $(3106743) | $1725902 |
| **Liabilities** |  |  |  |  |
| Bank of America NA | $2897084 | $(1320846) | $(815813) | $760425 |
| Citibank NA | 2526070 | (2526070) |  |  |
| Goldman Sachs & Co. LLC | 1590334 | (1590334) |  |  |
| JPMorgan Chase Bank NA | 626585 | (189155) | (296578) | 140852 |
| Morgan Stanley & Co. LLC | 1843320 | (1589154) | (254166) |  |
| UBS AG | 2542300 | (2542300) |  |  |
|  | $12025693 | $(9757859) | $(1366557) | $901277 |

---

\*The net exposure represents the amount receivable from the counterparty or amount payable to the counterparty in the event of default or termination.

See Notes to Financial Statements.

------

Schedule of Investments - Global Bond Fund

**OCTOBER 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
|<br>**CORPORATE BONDS — 31.7%** | | **Principal**<br>**Amount/Shares**<br> | **Value**<br> |
| **Aerospace and Defense — 0.2%** | |  |  |
| Boeing Co., 5.71%, 5/1/40 |  | $2025000 | $2065922 |
| Textron, Inc., 4.95%, 3/15/36 |  | 1677000 | 1660907 |
| TransDigm, Inc., 4.625%, 1/15/29 |  | 1165000 | 1146766 |
| TransDigm, Inc., 4.875%, 5/1/29 |  | 1330000 | 1319031 |
|  |  |  | 6192626 |
| **Air Freight and Logistics — 0.2%** |  |  |  |
| GXO Logistics, Inc., 6.25%, 5/6/29 |  | 3385000 | 3559124 |
| GXO Logistics, Inc., 6.50%, 5/6/34 |  | 355000 | 381216 |
|  |  |  | 3940340 |
| **Automobiles — 0.3%** |  |  |  |
| American Honda Finance Corp., 4.95%, 1/9/26 |  | 650000 | 650703 |
| Ford Motor Credit Co. LLC, 6.05%, 11/5/31 |  | 3740000 | 3824976 |
| General Motors Financial Co., Inc., 5.60%, 6/18/31 |  | 1150000 | 1196572 |
| General Motors Financial Co., Inc., 6.15%, 7/15/35 |  | 1660000 | 1751422 |
|  |  |  | 7423673 |
| **Banks — 6.6%** |  |  |  |
| Alpha Bank SA, VRN, 4.31%, 7/23/36 | EUR | 4500000 | 5277910 |
| Australia & New Zealand Banking Group Ltd., VRN, 2.57%, 11/25/35<sup>(1)</sup> |  | $4510000 | 4042636 |
| Banco BPM SpA, 3.375%, 1/24/30 | EUR | 2400000 | 2845392 |
| Bank of America Corp., VRN, 5.51%, 1/24/36 |  | $1855000 | 1942830 |
| Bank of Montreal, VRN, 7.70%, 5/26/84 |  | 2899000 | 3076593 |
| Bank of Nova Scotia, VRN, 8.625%, 10/27/82 |  | 3953000 | 4192615 |
| Bank of Nova Scotia, VRN, 8.00%, 1/27/84 |  | 3560000 | 3802144 |
| Bank of Nova Scotia, VRN, 6.875%, 10/27/85 |  | 1800000 | 1817720 |
| Banque Federative du Credit Mutuel SA, VRN, 4.00%, 1/15/35 | EUR | 3000000 | 3529381 |
| Barclays PLC, VRN, 4.92%, 8/8/30 | EUR | 3100000 | 3825923 |
| Barclays PLC, VRN, 8.41%, 11/14/32 | GBP | 2100000 | 2954181 |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico, VRN, 5.125%, 1/18/33<sup>(1)</sup> |  | $4360000 | 4317010 |
| BNP Paribas SA, VRN, 2.00%, 5/24/31 | GBP | 3200000 | 4137683 |
| BPCE SA, VRN, 2.50%, 11/30/32 | GBP | 1700000 | 2127185 |
| BPCE SA, VRN, 4.125%, 3/8/33 | EUR | 1600000 | 1916396 |
| BPCE SA, VRN, 3.65%, 1/14/37<sup>(1)</sup> |  | $4405000 | 4000967 |
| Caixa Geral de Depositos SA, VRN, 0.375%, 9/21/27 | EUR | 2000000 | 2266365 |
| Citigroup, Inc., VRN, 5.17%, 9/11/36 |  | $2030000 | 2056050 |
| Citigroup, Inc., VRN, 5.61%, 3/4/56 |  | 1345000 | 1366100 |
| Comerica Bank, VRN, 5.33%, 8/25/33 |  | 595000 | 597805 |
| Credit Agricole Italia SpA, 3.50%, 1/15/30 | EUR | 9000000 | 10737973 |
| Credit Mutuel Arkea SA, VRN, 4.81%, 5/15/35 | EUR | 3000000 | 3625140 |
| European Union, 0.00%, 7/4/31<sup>(2)</sup> | EUR | 15800000 | 15794563 |
| HSBC Holdings PLC, VRN, 1.75%, 7/24/27 | GBP | 4500000 | 5806099 |
| Intesa Sanpaolo SpA, 6.625%, 5/31/33 | GBP | 3200000 | 4585674 |
| Intesa Sanpaolo SpA, VRN, 4.20%, 6/1/32<sup>(1)</sup> |  | $5941000 | 5633850 |
| Intesa Sanpaolo SpA, VRN, 6.18%, 2/20/34 | EUR | 2500000 | 3140591 |
| JPMorgan Chase & Co., VRN, 5.10%, 4/22/31 |  | $4475000 | 4623050 |
| JPMorgan Chase & Co., VRN, 4.26%, 10/22/31 |  | 2025000 | 2018382 |
| JPMorgan Chase & Co., VRN, 5.77%, 4/22/35 |  | 2662000 | 2839932 |
| La Banque Postale SA, VRN, 5.625%, 9/21/28 | GBP | 1000000 | 1336986 |
| mBank SA, VRN, 4.03%, 9/27/30 | EUR | 3000000 | 3543728 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Principal**<br>**Amount/Shares** | **Value** |
| Mizuho Financial Group, Inc., 2.10%, 4/8/32 | EUR | 6565000 | $7116418 |
| Morgan Stanley Private Bank NA, VRN, 4.73%, 7/18/31 |  | $1380000 | 1401959 |
| NatWest Group PLC, VRN, 2.11%, 11/28/31 | GBP | 1900000 | 2442157 |
| NatWest Group PLC, VRN, 3.03%, 11/28/35 |  | $3416000 | 3127987 |
| Novo Banco SA, VRN, 9.875%, 12/1/33 | EUR | 7000000 | 9443469 |
| Royal Bank of Canada, VRN, 4.31%, 11/3/31<sup>(3)</sup> |  | $3525000 | 3506591 |
| Standard Chartered PLC, VRN, 1.20%, 9/23/31 | EUR | 1585000 | 1801506 |
| Sumitomo Mitsui Banking Corp., 2.74%, 2/18/30 | EUR | 6000000 | 6928530 |
| Toronto-Dominion Bank, VRN, 8.125%, 10/31/82 |  | $7030000 | 7434106 |
| Wells Fargo & Co., VRN, 5.61%, 4/23/36 |  | 940000 | 988180 |
| Wells Fargo & Co., VRN, 5.01%, 4/4/51 |  | 1190000 | 1111475 |
| Zions Bancorp NA, VRN, 6.82%, 11/19/35 |  | 4581000 | 4865088 |
|  |  |  | 173946320 |
| **Biotechnology — 0.2%** |  |  |  |
| Amgen, Inc., 5.65%, 3/2/53 |  | 1425000 | 1423117 |
| Biocon Biologics Global PLC, 6.67%, 10/9/29<sup>(1)</sup> |  | 4735000 | 4684139 |
|  |  |  | 6107256 |
| **Building Products — 0.4%** |  |  |  |
| Builders FirstSource, Inc., 4.25%, 2/1/32<sup>(1)</sup> |  | 7540000 | 7139396 |
| Carlisle Cos., Inc., 5.55%, 9/15/40 |  | 1233000 | 1253652 |
| Standard Building Solutions, Inc., 6.50%, 8/15/32<sup>(1)</sup> |  | 1253000 | 1289352 |
| Standard Industries, Inc., 4.375%, 7/15/30<sup>(1)</sup> |  | 470000 | 453654 |
|  |  |  | 10136054 |
| **Capital Markets — 1.7%** |  |  |  |
| Ares Strategic Income Fund, 5.70%, 3/15/28 |  | 1270000 | 1285301 |
| Blue Owl Capital Corp., 5.95%, 3/15/29 |  | 1069000 | 1083486 |
| Blue Owl Credit Income Corp., 7.75%, 1/15/29 |  | 1745000 | 1859875 |
| Blue Owl Technology Finance Corp., 6.10%, 3/15/28<sup>(1)</sup> |  | 6659000 | 6712453 |
| Blue Owl Technology Finance Corp., 6.75%, 4/4/29 |  | 2595000 | 2653774 |
| Citadel Finance LLC, 5.90%, 2/10/30<sup>(1)</sup> |  | 1000000 | 1010573 |
| Goldman Sachs Group, Inc., VRN, 6.48%, 10/24/29 |  | 300000 | 318829 |
| Goldman Sachs Group, Inc., VRN, 4.69%, 10/23/30 |  | 534000 | 540861 |
| Goldman Sachs Group, Inc., VRN, 4.37%, 10/21/31 |  | 3000000 | 2987735 |
| Golub Capital BDC, Inc., 7.05%, 12/5/28 |  | 1318000 | 1383150 |
| Golub Capital Private Credit Fund, 5.45%, 8/15/28<sup>(1)</sup> |  | 4040000 | 4065663 |
| HPS Corporate Lending Fund, 5.45%, 1/14/28 |  | 1390000 | 1401002 |
| HPS Corporate Lending Fund, 4.90%, 9/11/28<sup>(1)</sup> |  | 2105000 | 2090256 |
| LPL Holdings, Inc., 5.15%, 6/15/30 |  | 2575000 | 2622979 |
| Morgan Stanley, VRN, 6.63%, 11/1/34 |  | 2650000 | 2971222 |
| Morgan Stanley, VRN, 5.83%, 4/19/35 |  | 431000 | 459699 |
| Morgan Stanley, VRN, 4.89%, 10/22/36 |  | 1205000 | 1198841 |
| Morgan Stanley, VRN, 5.52%, 11/19/55 |  | 380000 | 384555 |
| Northern Trust Corp., VRN, 3.375%, 5/8/32 |  | 8560000 | 8416917 |
|  |  |  | 43447171 |
| **Chemicals — 0.3%** |  |  |  |
| Braskem Netherlands Finance BV, 4.50%, 1/10/28<sup>(1)</sup> |  | 1007000 | 453754 |
| Braskem Netherlands Finance BV, 4.50%, 1/31/30<sup>(1)</sup> |  | 8636000 | 3481085 |
| Celanese U.S. Holdings LLC, 6.67%, 7/15/27 |  | 1485000 | 1525343 |
| Orbia Advance Corp. SAB de CV, 2.875%, 5/11/31<sup>(1)</sup> |  | 522000 | 429870 |
| Solstice Advanced Materials, Inc., 5.625%, 9/30/33<sup>(1)</sup> |  | 3278000 | 3282950 |
|  |  |  | 9173002 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount/Shares** | **Value** |
| **Communications Equipment — 0.0%** |  |  |
| Cisco Systems, Inc., 5.50%, 2/24/55 | $994000 | $1004335 |
| **Construction Materials — 0.2%** |  |  |
| Quikrete Holdings, Inc., 6.375%, 3/1/32<sup>(1)</sup> | 1655000 | 1717844 |
| Quikrete Holdings, Inc., 6.75%, 3/1/33<sup>(1)</sup> | 3846000 | 4005409 |
|  |  | 5723253 |
| **Consumer Finance — 0.6%** |  |  |
| Ally Financial, Inc., 8.00%, 11/1/31 | 2363000 | 2691201 |
| American Express Co., VRN, 4.80%, 10/24/36 | 3958000 | 3914187 |
| Capital One Financial Corp., VRN, 2.36%, 7/29/32 | 3460000 | 3007336 |
| OneMain Finance Corp., 6.125%, 5/15/30 | 1040000 | 1052880 |
| OneMain Finance Corp., 7.50%, 5/15/31 | 1384000 | 1446885 |
| PRA Group, Inc., 8.875%, 1/31/30<sup>(1)</sup> | 2319000 | 2355995 |
|  |  | 14468484 |
| **Consumer Staples Distribution & Retail — 0.1%** |  |  |
| Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 4.625%, 1/15/27<sup>(1)</sup> | 2510000 | 2507412 |
| Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 5.75%, 3/31/34<sup>(1)(3)</sup> | 1365000 | 1372721 |
|  |  | 3880133 |
| **Diversified Consumer Services — 0.1%** |  |  |
| Leland Stanford Junior University, 4.68%, 3/1/35 | 500000 | 506960 |
| Massachusetts Institute of Technology, 5.62%, 6/1/55 | 805000 | 856846 |
|  |  | 1363806 |
| **Diversified REITs — 0.7%** |  |  |
| American Assets Trust LP, 3.375%, 2/1/31 | 2410000 | 2197828 |
| GLP Capital LP/GLP Financing II, Inc., 5.25%, 2/15/33 | 2973000 | 2980908 |
| Kilroy Realty LP, 3.05%, 2/15/30 | 1440000 | 1327704 |
| Kilroy Realty LP, 2.50%, 11/15/32 | 190000 | 158042 |
| Kilroy Realty LP, 2.65%, 11/15/33 | 511000 | 417867 |
| Piedmont Operating Partnership LP, 9.25%, 7/20/28 | 3269000 | 3619022 |
| Piedmont Operating Partnership LP, 6.875%, 7/15/29 | 531000 | 562685 |
| Prologis Targeted U.S. Logistics Fund LP, 4.25%, 1/15/31<sup>(1)</sup> | 890000 | 883901 |
| Prologis Targeted U.S. Logistics Fund LP, 4.75%, 1/15/36<sup>(1)</sup> | 2000000 | 1959468 |
| Trust Fibra Uno, 4.87%, 1/15/30<sup>(1)</sup> | 612000 | 598414 |
| Trust Fibra Uno, 8.25%, 1/23/37<sup>(1)</sup> | 3690000 | 4186783 |
|  |  | 18892622 |
| **Diversified Telecommunication Services — 0.4%** |  |  |
| Frontier Communications Holdings LLC, 8.625%, 3/15/31<sup>(1)</sup> | 6190000 | 6551397 |
| Sprint Capital Corp., 6.875%, 11/15/28 | 2559000 | 2749846 |
|  |  | 9301243 |
| **Electric Utilities — 1.8%** |  |  |
| Alliant Energy Corp., VRN, 5.75%, 4/1/56 | 4196000 | 4214127 |
| American Electric Power Co., Inc., VRN, 5.80%, 3/15/56 | 1325000 | 1328612 |
| American Electric Power Co., Inc., VRN, 6.05%, 3/15/56 | 1325000 | 1342921 |
| Commonwealth Edison Co., 5.30%, 2/1/53 | 967000 | 943632 |
| Commonwealth Edison Co., 5.95%, 6/1/55 | 845000 | 902913 |
| Duke Energy Corp., 4.95%, 9/15/35 | 980000 | 975062 |
| Duke Energy Progress LLC, 4.15%, 12/1/44 | 620000 | 530353 |
| Duke Energy Progress LLC, 5.55%, 3/15/55 | 3360000 | 3393349 |
| Electricite de France SA, 6.95%, 1/26/39<sup>(1)</sup> | 4096000 | 4591427 |
| Emera, Inc., Series 16-A, VRN, 6.75%, 6/15/76 | 7400000 | 7458919 |
| EUSHI Finance, Inc., VRN, 6.25%, 4/1/56 | 2698000 | 2688467 |
| Hawaiian Electric Co., Inc., 6.00%, 10/1/33<sup>(1)</sup> | 4228000 | 4278170 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Principal**<br>**Amount/Shares** | **Value** |
| Jersey Central Power & Light Co., 5.15%, 1/15/36<sup>(1)</sup> |  | $1744000 | $1769299 |
| Kentucky Utilities Co., 5.85%, 8/15/55 |  | 616000 | 636141 |
| Louisville Gas & Electric Co., 5.85%, 8/15/55 |  | 616000 | 635165 |
| Niagara Mohawk Power Corp., 4.65%, 10/3/30<sup>(1)</sup> |  | 945000 | 952932 |
| Northern States Power Co., 5.10%, 5/15/53 |  | 1035000 | 992688 |
| Northern States Power Co., 5.65%, 5/15/55 |  | 1284000 | 1325717 |
| NRG Energy, Inc., 2.00%, 12/2/25<sup>(1)</sup> |  | 1850000 | 1844131 |
| Palomino Funding Trust I, 7.23%, 5/17/28<sup>(1)</sup> |  | 1380000 | 1461238 |
| RWE Finance U.S. LLC, 5.125%, 9/18/35<sup>(1)</sup> |  | 992000 | 979132 |
| Southern Co. Gas Capital Corp., 5.10%, 9/15/35 |  | 2649000 | 2665911 |
| Union Electric Co., 5.45%, 3/15/53 |  | 1045000 | 1031909 |
|  |  |  | 46942215 |
| **Electrical Equipment — 0.0%** |  |  |  |
| Hubbell, Inc., 4.80%, 11/15/35<sup>(3)</sup> |  | 930000 | 926578 |
| **Electronic Equipment, Instruments and Components — 0.5%** |  |  |  |
| Amphenol Corp., 4.125%, 11/15/30<sup>(3)</sup> |  | 2950000 | 2927283 |
| Amphenol Corp., 4.40%, 2/15/33<sup>(3)</sup> |  | 2430000 | 2403638 |
| Amphenol Corp., 4.625%, 2/15/36<sup>(3)</sup> |  | 3000000 | 2949598 |
| Amphenol Corp., 5.30%, 11/15/55<sup>(3)</sup> |  | 1320000 | 1285498 |
| Keysight Technologies, Inc., 5.35%, 7/30/30 |  | 1069000 | 1111254 |
| TD SYNNEX Corp., 4.30%, 1/17/29 |  | 3177000 | 3168784 |
|  |  |  | 13846055 |
| **Energy Equipment and Services — 0.1%** |  |  |  |
| Enerflex Ltd., 9.00%, 10/15/27<sup>(1)</sup> |  | 3736000 | 3825761 |
| **Entertainment — 0.1%** |  |  |  |
| Warnermedia Holdings, Inc., 3.76%, 3/15/27 |  | 3486000 | 3424995 |
| **Financial Services — 1.5%** |  |  |  |
| Antares Holdings LP, 6.35%, 10/23/29<sup>(1)</sup> |  | 2485000 | 2536613 |
| Atlas Warehouse Lending Co. LP, 6.25%, 1/15/30<sup>(1)</sup> |  | 3612000 | 3784389 |
| BPCE SFH SA, 0.125%, 12/3/30 | EUR | 3000000 | 3041300 |
| Cie de Financement Foncier SA, 1.20%, 4/29/31 | EUR | 3300000 | 3492844 |
| Credit Agricole Public Sector SCF SA, 0.125%, 12/8/32 | EUR | 1000000 | 979584 |
| Credit Agricole Public Sector SCF SA, 0.125%, 12/8/32 | EUR | 1000000 | 979546 |
| Essent Group Ltd., 6.25%, 7/1/29 |  | $2785000 | 2916730 |
| Freedom Mortgage Holdings LLC, 9.25%, 2/1/29<sup>(1)</sup> |  | 2530000 | 2658132 |
| Nationwide Building Society, VRN, 4.125%, 10/18/32<sup>(1)</sup> |  | 2299000 | 2275463 |
| NMI Holdings, Inc., 6.00%, 8/15/29 |  | 3345000 | 3453043 |
| PennyMac Financial Services, Inc., 7.125%, 11/15/30<sup>(1)</sup> |  | 4375000 | 4584510 |
| PennyMac Financial Services, Inc., 6.875%, 2/15/33<sup>(1)</sup> |  | 1188000 | 1230201 |
| PennyMac Financial Services, Inc., 6.75%, 2/15/34<sup>(1)</sup> |  | 740000 | 759129 |
| Rocket Cos., Inc., 6.125%, 8/1/30<sup>(1)</sup> |  | 2335000 | 2410077 |
| Rocket Cos., Inc., 6.375%, 8/1/33<sup>(1)</sup> |  | 2290000 | 2388424 |
| UWM Holdings LLC, 6.25%, 3/15/31<sup>(1)</sup> |  | 2405000 | 2402177 |
|  |  |  | 39892162 |
| **Food Products — 0.2%** |  |  |  |
| Flowers Foods, Inc., 5.75%, 3/15/35 |  | 1375000 | 1390956 |
| Mars, Inc., 5.20%, 3/1/35<sup>(1)</sup> |  | 989000 | 1015468 |
| Mars, Inc., 5.65%, 5/1/45<sup>(1)</sup> |  | 2245000 | 2289599 |
| Mars, Inc., 5.70%, 5/1/55<sup>(1)</sup> |  | 1313000 | 1336927 |
|  |  |  | 6032950 |
| **Gas Utilities — 0.1%** |  |  |  |
| Eastern Energy Gas Holdings LLC, 5.65%, 10/15/54 |  | 277000 | 272820 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount/Shares** | **Value** |
| Grupo Energia Bogota SA ESP, 5.75%, 10/22/35<sup>(1)</sup> | $1634000 | $1625054 |
| Snam SpA, 6.50%, 5/28/55<sup>(1)</sup> | 1677000 | 1807898 |
|  |  | 3705772 |
| **Ground Transportation — 0.1%** |  |  |
| Ashtead Capital, Inc., 5.95%, 10/15/33<sup>(1)</sup> | 1483000 | 1568787 |
| **Health Care Equipment and Supplies — 0.4%** |  |  |
| Hologic, Inc., 3.25%, 2/15/29<sup>(1)</sup> | 2610000 | 2578262 |
| Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/1/29<sup>(1)</sup> | 7308000 | 7527262 |
|  |  | 10105524 |
| **Health Care Providers and Services — 1.3%** |  |  |
| Centene Corp., 4.625%, 12/15/29 | 2060000 | 1999691 |
| CVS Health Corp., 5.45%, 9/15/35 | 1006000 | 1027677 |
| CVS Health Corp., 6.00%, 6/1/44 | 1175000 | 1190991 |
| CVS Health Corp., VRN, 7.00%, 3/10/55 | 2288000 | 2407493 |
| Elevance Health, Inc., 5.00%, 1/15/36 | 1080000 | 1076062 |
| HCA, Inc., 4.90%, 11/15/35 | 3947000 | 3901760 |
| HCA, Inc., 5.70%, 11/15/55 | 2763000 | 2697130 |
| Icon Investments Six DAC, 6.00%, 5/8/34 | 441000 | 462881 |
| IQVIA, Inc., 5.00%, 5/15/27<sup>(1)</sup> | 3910000 | 3911373 |
| IQVIA, Inc., 6.25%, 2/1/29 | 1265000 | 1333547 |
| Kaiser Foundation Hospitals, 3.00%, 6/1/51 | 505000 | 339482 |
| Surgery Center Holdings, Inc., 7.25%, 4/15/32<sup>(1)</sup> | 1166000 | 1201169 |
| Tenet Healthcare Corp., 5.125%, 11/1/27 | 4753000 | 4750986 |
| Tenet Healthcare Corp., 6.125%, 10/1/28 | 1665000 | 1668187 |
| UnitedHealth Group, Inc., 5.30%, 6/15/35 | 2872000 | 2973917 |
| UnitedHealth Group, Inc., 5.50%, 7/15/44 | 1286000 | 1291219 |
| UnitedHealth Group, Inc., 5.05%, 4/15/53 | 1465000 | 1345841 |
|  |  | 33579406 |
| **Hotels, Restaurants and Leisure — 1.0%** |  |  |
| Brightstar Lottery PLC, 5.25%, 1/15/29<sup>(1)</sup> | 5440000 | 5429772 |
| Caesars Entertainment, Inc., 4.625%, 10/15/29<sup>(1)</sup> | 4673000 | 4399432 |
| Carnival Corp., 4.00%, 8/1/28<sup>(1)</sup> | 1960000 | 1929346 |
| Carnival Corp., 5.125%, 5/1/29<sup>(1)</sup> | 2731000 | 2766469 |
| Hyatt Hotels Corp., 5.75%, 3/30/32 | 855000 | 893161 |
| Light & Wonder International, Inc., 7.25%, 11/15/29<sup>(1)</sup> | 4005000 | 4111409 |
| Royal Caribbean Cruises Ltd., 6.00%, 2/1/33<sup>(1)</sup> | 5388000 | 5533230 |
|  |  | 25062819 |
| **Household Durables — 0.2%** |  |  |
| Ashton Woods USA LLC/Ashton Woods Finance Co., 6.875%, 8/1/33<sup>(1)</sup> | 2627000 | 2635580 |
| K Hovnanian Enterprises, Inc., 8.375%, 10/1/33<sup>(1)</sup> | 140000 | 143462 |
| KB Home, 4.80%, 11/15/29 | 2866000 | 2852738 |
|  |  | 5631780 |
| **Independent Power and Renewable Electricity Producers — 0.3%** |  |  |
| FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, 7.25%, 1/31/41<sup>(1)</sup> | 4692034 | 4970600 |
| Saavi Energia SARL, 8.875%, 2/10/35<sup>(1)</sup> | 3545000 | 3815306 |
|  |  | 8785906 |
| **Industrial Conglomerates — 0.1%** |  |  |
| Siemens Financieringsmaatschappij NV, 1.20%, 3/11/26<sup>(1)</sup> | 1505000 | 1489890 |
| **Insurance — 1.6%** |  |  |
| Athene Global Funding, 5.53%, 7/11/31<sup>(1)</sup> | 903000 | 929520 |
| Beacon Funding Trust, 6.27%, 8/15/54<sup>(1)</sup> | 710000 | 730911 |
| CNA Financial Corp., 5.20%, 8/15/35 | 3724000 | 3733919 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Principal**<br>**Amount/Shares** | **Value** |
| CNO Financial Group, Inc., 5.25%, 5/30/29 |  | $3880000 | $3944592 |
| CNO Financial Group, Inc., 6.45%, 6/15/34 |  | 1615000 | 1714767 |
| Global Atlantic Fin Co., 7.95%, 6/15/33<sup>(1)</sup> |  | 6435000 | 7391766 |
| Liberty Mutual Group, Inc., VRN, 4.125%, 12/15/51<sup>(1)</sup> |  | 3170000 | 3099399 |
| Lincoln National Corp., 7.00%, 6/15/40 |  | 1123000 | 1275302 |
| MetLife Capital Trust IV, 7.875%, 12/15/67<sup>(1)</sup> |  | 2891000 | 3253685 |
| MetLife, Inc., 6.40%, 12/15/66 |  | 3102000 | 3275560 |
| Rothesay Life PLC, 7.73%, 5/16/33 | GBP | 6080000 | 8879927 |
| Wynnton Funding Trust II, 5.99%, 8/15/55<sup>(1)</sup> |  | $2444000 | 2512757 |
|  |  |  | 40742105 |
| **Interactive Media and Services — 0.6%** |  |  |  |
| Meta Platforms, Inc., 4.60%, 11/15/32<sup>(3)</sup> |  | 4340000 | 4363089 |
| Meta Platforms, Inc., 4.875%, 11/15/35<sup>(3)</sup> |  | 3035000 | 3049595 |
| Meta Platforms, Inc., 5.50%, 11/15/45<sup>(3)</sup> |  | 1420000 | 1408709 |
| Meta Platforms, Inc., 5.625%, 11/15/55<sup>(3)</sup> |  | 3940000 | 3913650 |
| Meta Platforms, Inc., 5.75%, 11/15/65<sup>(3)</sup> |  | 2060000 | 2044637 |
|  |  |  | 14779680 |
| **IT Services — 0.3%** |  |  |  |
| CoreWeave, Inc., 9.25%, 6/1/30<sup>(1)</sup> |  | 4120000 | 4165736 |
| Kyndryl Holdings, Inc., 3.15%, 10/15/31 |  | 3275000 | 2985649 |
|  |  |  | 7151385 |
| **Machinery — 0.4%** |  |  |  |
| AGCO Corp., 5.80%, 3/21/34 |  | 826000 | 860892 |
| Chart Industries, Inc., 7.50%, 1/1/30<sup>(1)</sup> |  | 6440000 | 6724332 |
| Nordson Corp., 4.50%, 12/15/29 |  | 1245000 | 1255850 |
| Weir Group, Inc., 5.35%, 5/6/30<sup>(1)</sup> |  | 2195000 | 2252575 |
|  |  |  | 11093649 |
| **Marine Transportation — 0.2%** |  |  |  |
| Yinson Bergenia Production BV, 8.50%, 1/31/45<sup>(1)</sup> |  | 5339000 | 5610267 |
| **Media — 1.4%** |  |  |  |
| Cox Communications, Inc., 5.70%, 6/15/33<sup>(1)</sup> |  | 1887000 | 1923012 |
| Discovery Communications LLC, 3.95%, 3/20/28 |  | 2435000 | 2338817 |
| Lamar Media Corp., 3.75%, 2/15/28 |  | 3550000 | 3454842 |
| Nexstar Media, Inc., 4.75%, 11/1/28<sup>(1)</sup> |  | 7095000 | 6989101 |
| Paramount Global, 4.375%, 3/15/43 |  | 3313000 | 2510508 |
| Paramount Global, VRN, 6.25%, 2/28/57 |  | 2498000 | 2450950 |
| Sirius XM Radio LLC, 3.125%, 9/1/26<sup>(1)</sup> |  | 2685000 | 2664936 |
| Sirius XM Radio LLC, 4.00%, 7/15/28<sup>(1)</sup> |  | 6845000 | 6657078 |
| TEGNA, Inc., 4.625%, 3/15/28 |  | 5490000 | 5439225 |
| Time Warner Cable LLC, 6.55%, 5/1/37 |  | 3140000 | 3219600 |
| Versant Media Group, Inc., 7.25%, 1/30/31<sup>(1)</sup> |  | 132000 | 134634 |
|  |  |  | 37782703 |
| **Metals and Mining — 0.2%** |  |  |  |
| Glencore Funding LLC, 5.19%, 4/1/30<sup>(1)</sup> |  | 3340000 | 3439176 |
| Newmont Corp./Newcrest Finance Pty. Ltd., 5.35%, 3/15/34 |  | 679000 | 706703 |
| Rio Tinto Finance USA PLC, 5.75%, 3/14/55 |  | 570000 | 590034 |
|  |  |  | 4735913 |
| **Mortgage Real Estate Investment Trusts (REITs) — 0.5%** |  |  |  |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.75%, 6/15/29<sup>(1)</sup> |  | 4240000 | 4160879 |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 7.00%, 7/15/31<sup>(1)</sup> |  | 9600000 | 10091626 |
|  |  |  | 14252505 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Principal**<br>**Amount/Shares** | **Value** |
| **Multi-Utilities — 0.5%** | |  |  |
| CenterPoint Energy, Inc., VRN, 5.95%, 4/1/56 |  | $2702000 | $2721587 |
| NiSource, Inc., 5.35%, 7/15/35 |  | 2661000 | 2716363 |
| Sempra, VRN, 4.125%, 4/1/52 |  | 6838000 | 6686262 |
|  |  |  | 12124212 |
| **Oil, Gas and Consumable Fuels — 2.2%** |  |  |  |
| Cheniere Energy, Inc., 4.625%, 10/15/28 |  | 1065000 | 1062940 |
| Ecopetrol SA, 7.75%, 2/1/32 |  | 2535000 | 2622280 |
| Enbridge, Inc., VRN, 6.00%, 1/15/77 |  | 6880000 | 6912453 |
| Energy Transfer LP, 6.55%, 12/1/33 |  | 2145000 | 2345368 |
| Energy Transfer LP, 6.125%, 12/15/45 |  | 1185000 | 1183675 |
| Eni SpA, 4.25%, 5/19/33 | EUR | 2610000 | 3184351 |
| Eni SpA, 5.95%, 5/15/54<sup>(1)</sup> |  | $909000 | 904694 |
| Expand Energy Corp., 6.75%, 4/15/29<sup>(1)</sup> |  | 435000 | 438588 |
| Expand Energy Corp., 5.375%, 3/15/30 |  | 5171000 | 5248631 |
| Matador Resources Co., 6.50%, 4/15/32<sup>(1)</sup> |  | 2010000 | 2030361 |
| Occidental Petroleum Corp., 6.45%, 9/15/36 |  | 335000 | 355921 |
| Petroleos Mexicanos, 6.84%, 1/23/30 |  | 854000 | 877134 |
| Petroleos Mexicanos, 5.95%, 1/28/31 |  | 15650000 | 15318236 |
| PRIO Luxembourg Holding SARL, 6.75%, 10/15/30<sup>(1)</sup> |  | 1915000 | 1882420 |
| Repsol E&P Capital Markets U.S. LLC, 5.20%, 9/16/30<sup>(1)</sup> |  | 2270000 | 2279276 |
| Repsol E&P Capital Markets U.S. LLC, 5.98%, 9/16/35<sup>(1)</sup> |  | 1336000 | 1360060 |
| SM Energy Co., 6.75%, 9/15/26 |  | 3547000 | 3552579 |
| Sunoco LP, 7.00%, 5/1/29<sup>(1)</sup> |  | 2116000 | 2207384 |
| Sunoco LP, 5.875%, 3/15/34<sup>(1)</sup> |  | 2566000 | 2567234 |
| Venture Global Plaquemines LNG LLC, 6.75%, 1/15/36<sup>(1)</sup> |  | 2486000 | 2634529 |
|  |  |  | 58968114 |
| **Paper and Forest Products — 0.1%** |  |  |  |
| Louisiana-Pacific Corp., 3.625%, 3/15/29<sup>(1)</sup> |  | 2986000 | 2866468 |
| **Passenger Airlines — 1.1%** |  |  |  |
| American Airlines, Inc., 7.25%, 2/15/28<sup>(1)</sup> |  | 2750000 | 2815512 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26<sup>(1)</sup> |  | 3641836 | 3653370 |
| Grupo Aeromexico SAB de CV, 8.25%, 11/15/29<sup>(1)</sup> |  | 4875000 | 4923750 |
| Latam Airlines Group SA, 7.875%, 4/15/30<sup>(1)</sup> |  | 3907000 | 4045308 |
| Southwest Airlines Co., 4.375%, 11/15/28<sup>(3)</sup> |  | 3670000 | 3662654 |
| United Airlines, Inc., 4.375%, 4/15/26<sup>(1)</sup> |  | 7242000 | 7231571 |
| United Airlines, Inc., 4.625%, 4/15/29<sup>(1)</sup> |  | 2095000 | 2076241 |
|  |  |  | 28408406 |
| **Personal Care Products — 0.2%** |  |  |  |
| Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 5.60%, 1/15/31<sup>(1)</sup> |  | 3975000 | 3991619 |
| **Pharmaceuticals — 0.1%** |  |  |  |
| Bristol-Myers Squibb Co., 5.55%, 2/22/54 |  | 1000000 | 995737 |
| Merck & Co., Inc., 5.70%, 9/15/55 |  | 2070000 | 2136288 |
|  |  |  | 3132025 |
| **Real Estate Management and Development — 0.1%** |  |  |  |
| Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp., 9.75%, 4/15/30<sup>(1)</sup> |  | 1661000 | 1809711 |
| **Semiconductors and Semiconductor Equipment — 0.5%** |  |  |  |
| Broadcom, Inc., 4.80%, 2/15/36 |  | 2165000 | 2149808 |
| Foundry JV Holdco LLC, 5.875%, 1/25/34<sup>(1)</sup> |  | 1395000 | 1441695 |
| Foundry JV Holdco LLC, 6.25%, 1/25/35<sup>(1)</sup> |  | 1575000 | 1677830 |
| Foundry JV Holdco LLC, 6.10%, 1/25/36<sup>(1)</sup> |  | 1141000 | 1206663 |
| Foundry JV Holdco LLC, 6.30%, 1/25/39<sup>(1)</sup> |  | 1210000 | 1288686 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Principal**<br>**Amount/Shares** | **Value** |
| Intel Corp., 5.15%, 2/21/34 |  | $1065000 | $1081520 |
| Intel Corp., 5.60%, 2/21/54 |  | 711000 | 680472 |
| Micron Technology, Inc., 5.30%, 1/15/31 |  | 2695000 | 2786680 |
|  |  |  | 12313354 |
| **Software — 0.8%** |  |  |  |
| AppLovin Corp., 5.125%, 12/1/29 |  | 438000 | 447211 |
| AppLovin Corp., 5.50%, 12/1/34 |  | 2440000 | 2507579 |
| Oracle Corp., 4.80%, 9/26/32 |  | 9346000 | 9252462 |
| Oracle Corp., 5.20%, 9/26/35 |  | 4050000 | 3990256 |
| Oracle Corp., 5.50%, 9/27/64 |  | 485000 | 423397 |
| Synopsys, Inc., 5.00%, 4/1/32 |  | 5302000 | 5414993 |
|  |  |  | 22035898 |
| **Specialized REITs — 0.3%** |  |  |  |
| American Tower Corp., 5.35%, 3/15/35 |  | 3535000 | 3634810 |
| EPR Properties, 4.95%, 4/15/28 |  | 2040000 | 2060255 |
| EPR Properties, 3.75%, 8/15/29 |  | 500000 | 481799 |
| VICI Properties LP/VICI Note Co., Inc., 4.125%, 8/15/30<sup>(1)</sup> |  | 2270000 | 2196058 |
|  |  |  | 8372922 |
| **Specialty Retail — 0.4%** |  |  |  |
| Advance Auto Parts, Inc., 7.00%, 8/1/30<sup>(1)</sup> |  | 321000 | 324150 |
| Advance Auto Parts, Inc., 7.375%, 8/1/33<sup>(1)</sup> |  | 2935000 | 2974476 |
| Lowe's Cos., Inc., 4.50%, 10/15/32 |  | 3010000 | 2982729 |
| Lowe's Cos., Inc., 4.85%, 10/15/35 |  | 4360000 | 4307154 |
|  |  |  | 10588509 |
| **Technology Hardware, Storage and Peripherals — 0.2%** |  |  |  |
| Dell International LLC/EMC Corp., 4.50%, 2/15/31 |  | 3790000 | 3780494 |
| Dell International LLC/EMC Corp., 5.30%, 4/1/32 |  | 1177000 | 1215990 |
|  |  |  | 4996484 |
| **Textiles, Apparel and Luxury Goods — 0.1%** |  |  |  |
| Gildan Activewear, Inc., 4.70%, 10/7/30<sup>(1)</sup> |  | 1175000 | 1170204 |
| Gildan Activewear, Inc., 5.40%, 10/7/35<sup>(1)</sup> |  | 1965000 | 1958079 |
|  |  |  | 3128283 |
| **Trading Companies and Distributors — 0.1%** |  |  |  |
| Herc Holdings, Inc., 5.50%, 7/15/27<sup>(1)</sup> |  | 688000 | 688299 |
| Herc Holdings, Inc., 7.25%, 6/15/33<sup>(1)</sup> |  | 2163000 | 2282112 |
|  |  |  | 2970411 |
| **Wireless Telecommunication Services — 0.1%** |  |  |  |
| T-Mobile USA, Inc., 6.70%, 12/15/33 |  | 2203000 | 2465070 |
| **TOTAL CORPORATE BONDS**<br>(Cost $821,294,212) |  |  | **834140611** |
| **SOVEREIGN GOVERNMENTS AND AGENCIES — 22.1%** |  |  |  |
| **Australia — 1.0%** |  |  |  |
| Australia Government Bonds, 1.75%, 6/21/51 | AUD | 4300000 | 1507355 |
| New South Wales Treasury Corp., 1.50%, 2/20/32 | AUD | 5800000 | 3209267 |
| New South Wales Treasury Corp., 2.00%, 3/8/33 | AUD | 6000000 | 3311608 |
| Queensland Treasury Corp., 4.50%, 8/22/35<sup>(1)</sup> | AUD | 18850000 | 11964164 |
| Treasury Corp. of Victoria, 4.25%, 12/20/32 | AUD | 3600000 | 2320878 |
| Treasury Corp. of Victoria, 2.25%, 9/15/33 | AUD | 6900000 | 3804106 |
|  |  |  | 26117378 |
| **Belgium — 1.8%** |  |  |  |
| Kingdom of Belgium Government Bonds, 2.85%, 10/22/34<sup>(1)</sup> | EUR | 16250000 | 18414188 |
| Kingdom of Belgium Government Bonds, 5.00%, 3/28/35<sup>(1)</sup> | EUR | 15220000 | 20238791 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Principal**<br>**Amount/Shares** | **Value** |
| Kingdom of Belgium Government Bonds, 4.25%, 3/28/41<sup>(1)</sup> | EUR | 3716000 | $4596198 |
| Kingdom of Belgium Government Bonds, 1.60%, 6/22/47<sup>(1)</sup> | EUR | 4086000 | 3139771 |
| Kingdom of Belgium Government Bonds, 3.10%, 6/22/35<sup>(1)</sup> | EUR | 1500000 | 1719089 |
|  |  |  | 48108037 |
| **Canada — 0.2%** |  |  |  |
| Canada Government Bonds, 2.00%, 12/1/51 | CAD | 2180000 | 1139326 |
| Province of Quebec, 3.50%, 12/1/48 | CAD | 7300000 | 4511994 |
|  |  |  | 5651320 |
| **China — 3.9%** |  |  |  |
| China Government Bonds, 2.64%, 1/15/28 | CNY | 48000000 | 6932782 |
| China Government Bonds, 2.54%, 12/25/30 | CNY | 277000000 | 40782549 |
| China Government Bonds, 2.67%, 11/25/33 | CNY | 88000000 | 13245173 |
| China Government Bonds, 2.67%, 11/25/33 | CNY | 50000000 | 7525847 |
| China Government Bonds, 3.81%, 9/14/50 | CNY | 57000000 | 10474724 |
| China Government Bonds, 2.19%, 9/25/54 | CNY | 118000000 | 16693629 |
| China Government Bonds, 2.19%, 9/25/54 | CNY | 48000000 | 6790023 |
|  |  |  | 102444727 |
| **Colombia — 0.1%** |  |  |  |
| Colombia Government International Bonds, 8.00%, 11/14/35 |  | $880000 | 961400 |
| Colombia TES, 7.00%, 6/30/32 | COP | 11500000000 | 2371781 |
|  |  |  | 3333181 |
| **Czech Republic — 0.3%** |  |  |  |
| Czech Republic Government Bonds, 0.25%, 2/10/27 | CZK | 138700000 | 6310219 |
| **Denmark — 0.2%** |  |  |  |
| Denmark Government Bonds, 0.50%, 11/15/29 | DKK | 35000000 | 5102087 |
| **Finland — 0.3%** |  |  |  |
| Finland Government Bonds, 1.50%, 9/15/32<sup>(1)</sup> | EUR | 7500000 | 8008185 |
| **Germany — 0.2%** |  |  |  |
| Bundesrepublik Deutschland Bundesanleihe, 1.25%, 8/15/48 | EUR | 1200000 | 959521 |
| Bundesrepublik Deutschland Bundesanleihe, 1.80%, 8/15/53 | EUR | 3330000 | 2861447 |
|  |  |  | 3820968 |
| **Indonesia — 0.4%** |  |  |  |
| Indonesia Treasury Bonds, 6.625%, 2/15/34 | IDR | 181530000000 | 11317554 |
| **Israel — 0.1%** |  |  |  |
| Israel Government Bonds - Fixed, 2.80%, 11/29/52 | ILS | 10000000 | 2375688 |
| **Italy — 2.0%** |  |  |  |
| Italy Buoni Poliennali Del Tesoro, 0.90%, 4/1/31 | EUR | 10000000 | 10497763 |
| Italy Buoni Poliennali Del Tesoro, 0.60%, 8/1/31<sup>(1)</sup> | EUR | 10000000 | 10226000 |
| Italy Buoni Poliennali Del Tesoro, 3.85%, 7/1/34 | EUR | 17700000 | 21419558 |
| Italy Buoni Poliennali Del Tesoro, 1.80%, 3/1/41<sup>(1)</sup> | EUR | 1500000 | 1332654 |
| Italy Buoni Poliennali Del Tesoro, 4.75%, 9/1/44<sup>(1)</sup> | EUR | 7519000 | 9631832 |
| Italy Buoni Poliennali Del Tesoro, 1.70%, 9/1/51<sup>(1)</sup> | EUR | 500000 | 359808 |
|  |  |  | 53467615 |
| **Japan — 3.8%** |  |  |  |
| Japan Government Forty Year Bonds, 1.40%, 3/20/55 | JPY | 625000000 | 2754946 |
| Japan Government Thirty Year Bonds, 2.40%, 3/20/37 | JPY | 231950000 | 1595090 |
| Japan Government Thirty Year Bonds, 2.00%, 9/20/41 | JPY | 1234500000 | 7703333 |
| Japan Government Thirty Year Bonds, 1.40%, 12/20/45 | JPY | 1673400000 | 8812216 |
| Japan Government Thirty Year Bonds, 0.40%, 3/20/50 | JPY | 700000000 | 2564972 |
| Japan Government Thirty Year Bonds, 0.70%, 6/20/51 | JPY | 716000000 | 2733521 |
| Japan Government Thirty Year Bonds, 0.70%, 9/20/51 | JPY | 1350000000 | 5116040 |
| Japan Government Thirty Year Bonds, 0.70%, 12/20/51 | JPY | 1790000000 | 6739804 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Principal**<br>**Amount/Shares** | **Value** |
| Japan Government Thirty Year Bonds, 1.00%, 3/20/52 | JPY | 297300000 | $1215808 |
| Japan Government Thirty Year Bonds, 1.30%, 6/20/52 | JPY | 380000000 | 1680677 |
| Japan Government Thirty Year Bonds, 1.60%, 12/20/52 | JPY | 300000000 | 1423845 |
| Japan Government Thirty Year Bonds, 1.40%, 3/20/53 | JPY | 657000000 | 2951418 |
| Japan Government Thirty Year Bonds, 1.20%, 6/20/53 | JPY | 1853500000 | 7852873 |
| Japan Government Thirty Year Bonds, 1.80%, 9/20/53 | JPY | 1000000000 | 4946161 |
| Japan Government Thirty Year Bonds, 1.80%, 3/20/54 | JPY | 1120000000 | 5514799 |
| Japan Government Thirty Year Bonds, 2.20%, 6/20/54 | JPY | 680000000 | 3675991 |
| Japan Government Twenty Year Bonds, 0.60%, 9/20/37 | JPY | 1222000000 | 6858368 |
| Japan Government Twenty Year Bonds, 0.50%, 6/20/38 | JPY | 931000000 | 5059455 |
| Japan Government Twenty Year Bonds, 0.70%, 9/20/38 | JPY | 906000000 | 5021752 |
| Japan Government Twenty Year Bonds, 0.30%, 12/20/39 | JPY | 1078800000 | 5447050 |
| Japan Government Twenty Year Bonds, 0.50%, 12/20/41 | JPY | 831000000 | 4082642 |
| Japan Government Twenty Year Bonds, 1.10%, 9/20/42 | JPY | 835000000 | 4464732 |
| Japan Government Twenty Year Bonds, 1.10%, 6/20/43 | JPY | 500000000 | 2629220 |
|  |  |  | 100844713 |
| **Malaysia — 0.3%** |  |  |  |
| Malaysia Government Bonds, 4.70%, 10/15/42 | MYR | 31900000 | 8415426 |
| **Mexico — 0.8%** |  |  |  |
| Eagle Funding Luxco SARL, 5.50%, 8/17/30<sup>(1)</sup> |  | 13000000 | 13222950 |
| Mexico Bonos, 7.75%, 5/29/31 | MXN | 158230000 | 8311354 |
|  |  |  | 21534304 |
| **New Zealand — 1.2%** |  |  |  |
| New Zealand Government Bonds, 1.75%, 5/15/41 | NZD | 6040000 | 2359632 |
| New Zealand Government Bonds, 4.50%, 5/15/35 | NZD | 49350000 | 29207570 |
|  |  |  | 31567202 |
| **Norway — 0.0%** |  |  |  |
| Norway Government Bonds, 1.75%, 2/17/27<sup>(1)</sup> | NOK | 2800000 | 269206 |
| **Poland — 0.2%** |  |  |  |
| Republic of Poland Government Bonds, 1.75%, 4/25/32 | PLN | 16300000 | 3647662 |
| **Saudi Arabia — 0.6%** |  |  |  |
| Saudi Government International Bonds, 3.375%, 3/5/32<sup>(1)</sup> | EUR | 14250000 | 16568884 |
| **Singapore — 0.1%** |  |  |  |
| Singapore Government Bonds, 2.875%, 7/1/29 | SGD | 4240000 | 3413898 |
| **Spain — 2.4%** |  |  |  |
| Spain Government Bonds, 0.80%, 7/30/29 | EUR | 10500000 | 11441710 |
| Spain Government Bonds, 2.70%, 1/31/30 | EUR | 10000000 | 11660773 |
| Spain Government Bonds, 0.10%, 4/30/31<sup>(1)</sup> | EUR | 10000000 | 10093311 |
| Spain Government Bonds, 3.10%, 7/30/31 | EUR | 10000000 | 11819043 |
| Spain Government Bonds, 3.15%, 4/30/33<sup>(1)</sup> | EUR | 7000000 | 8232183 |
| Spain Government Bonds, 1.85%, 7/30/35<sup>(1)</sup> | EUR | 2200000 | 2274823 |
| Spain Government Bonds, 2.70%, 10/31/48<sup>(1)</sup> | EUR | 7100000 | 6829657 |
|  |  |  | 62351500 |
| **Sweden — 0.2%** |  |  |  |
| Sweden Government Bonds, 1.75%, 11/11/33 | SEK | 29000000 | 2909695 |
| Sweden Government Bonds, 3.50%, 3/30/39 | SEK | 15600000 | 1785968 |
|  |  |  | 4695663 |
| **Thailand — 0.4%** |  |  |  |
| Thailand Government Bonds, 1.59%, 12/17/35 | THB | 306000000 | 9338044 |
| **United Kingdom — 1.6%** |  |  |  |
| U.K. Gilts, 1.75%, 9/7/37 | GBP | 9375000 | 9151455 |
| U.K. Gilts, 3.75%, 1/29/38 | GBP | 20000000 | 24018157 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | | |
|:---|:---|:---|:---|
| | | **Principal**<br>**Amount/Shares** | **Value** |
| U.K. Gilts, 4.50%, 12/7/42 | GBP | 954000 | $1188873 |
| U.K. Gilts, 4.25%, 12/7/49 | GBP | 3720000 | 4299110 |
| U.K. Gilts, 4.25%, 12/7/55 | GBP | 3780000 | 4279493 |
|  |  |  | 42937088 |
| **TOTAL SOVEREIGN GOVERNMENTS AND AGENCIES**<br>(Cost $645,949,376) |  |  | **581640549** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 12.4%** |  |  |  |
| **Adjustable-Rate U.S. Government Agency Mortgage-Backed Securities — 0.0%** |  |  |  |
| FNMA, VRN, 3.17%, (1-year RFUCC plus 1.61%), 3/1/47 |  | $467695 | 468022 |
| FNMA, VRN, 3.10%, (1-year RFUCC plus 1.61%), 4/1/47 |  | 304168 | 304102 |
|  |  |  | 772124 |
| **Fixed-Rate U.S. Government Agency Mortgage-Backed Securities — 12.4%** |  |  |  |
| FHLMC, 6.00%, 2/1/38 |  | 535 | 565 |
| FHLMC, 3.50%, 2/1/49 |  | 6826011 | 6425956 |
| FHLMC, 3.50%, 5/1/50 |  | 4495910 | 4186077 |
| FHLMC, 2.50%, 10/1/50 |  | 5512351 | 4687039 |
| FHLMC, 2.50%, 5/1/51 |  | 151080 | 129641 |
| FHLMC, 3.50%, 5/1/51 |  | 5655863 | 5270095 |
| FHLMC, 2.00%, 8/1/51 |  | 16684347 | 13661456 |
| FHLMC, 3.00%, 12/1/51 |  | 5756013 | 5125553 |
| FHLMC, 3.50%, 5/1/52 |  | 861500 | 796065 |
| FHLMC, 3.50%, 5/1/52 |  | 292966 | 272937 |
| FHLMC, 4.00%, 5/1/52 |  | 297744 | 284137 |
| FHLMC, 5.00%, 8/1/52 |  | 5724215 | 5749504 |
| FHLMC, 6.00%, 11/1/52 |  | 5420233 | 5589101 |
| FHLMC, 6.00%, 1/1/53 |  | 4001270 | 4119845 |
| FHLMC, 6.00%, 8/1/53 |  | 5067806 | 5265212 |
| FHLMC, 6.50%, 11/1/53 |  | 4757469 | 4943739 |
| FHLMC, 5.50%, 4/1/54 |  | 10094768 | 10279393 |
| FNMA, 3.50%, 10/1/40 |  | 665616 | 641103 |
| FNMA, 4.50%, 9/1/41 |  | 4562 | 4583 |
| FNMA, 3.50%, 5/1/42 |  | 13659 | 13096 |
| FNMA, 4.00%, 2/1/46 |  | 90858 | 87978 |
| FNMA, 4.00%, 3/1/50 |  | 6631781 | 6340886 |
| FNMA, 2.50%, 6/1/50 |  | 8284111 | 7105550 |
| FNMA, 4.00%, 3/1/51 |  | 9025299 | 8684897 |
| FNMA, 4.00%, 3/1/51 |  | 6960455 | 6709397 |
| FNMA, 2.50%, 12/1/51 |  | 5278312 | 4536126 |
| FNMA, 2.50%, 2/1/52 |  | 2143380 | 1843271 |
| FNMA, 3.00%, 2/1/52 |  | 5249208 | 4709219 |
| FNMA, 3.00%, 4/1/52 |  | 14625620 | 13227730 |
| FNMA, 3.50%, 4/1/52 |  | 183541 | 169690 |
| FNMA, 3.00%, 5/1/52 |  | 237361 | 214321 |
| FNMA, 3.50%, 5/1/52 |  | 8826946 | 8172912 |
| FNMA, 3.50%, 5/1/52 |  | 5462353 | 5055950 |
| FNMA, 3.50%, 5/1/52 |  | 533129 | 499749 |
| FNMA, 4.00%, 5/1/52 |  | 3757967 | 3578538 |
| FNMA, 3.00%, 6/1/52 |  | 13284210 | 11911509 |
| FNMA, 5.00%, 8/1/52 |  | 2594417 | 2602439 |
| FNMA, 5.00%, 10/1/52 |  | 9361092 | 9409350 |
| FNMA, 5.50%, 10/1/52 |  | 3860481 | 3917220 |
| FNMA, 5.00%, 1/1/53 |  | 10915897 | 10946839 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount/Shares** | **Value** |
| FNMA, 5.50%, 1/1/53 | $4589928 | $4669610 |
| FNMA, 6.50%, 1/1/53 | 5261653 | 5472989 |
| FNMA, 5.50%, 3/1/53 | 11367234 | 11614138 |
| FNMA, 4.50%, 6/1/53 | 11392178 | 11272655 |
| FNMA, 4.50%, 8/1/53 | 3305913 | 3255592 |
| FNMA, 6.00%, 9/1/53 | 4053621 | 4193491 |
| FNMA, 6.00%, 9/1/53 | 1631475 | 1673969 |
| FNMA, 5.50%, 3/1/54 | 7693520 | 7794595 |
| FNMA, 4.50%, 4/1/54 | 4968344 | 4860767 |
| FNMA, 6.00%, 5/1/54 | 5533253 | 5671273 |
| GNMA, 5.00%, TBA | 5891000 | 5873784 |
| GNMA, 6.00%, 7/15/33 | 1260 | 1295 |
| GNMA, 4.50%, 10/15/39 | 1699 | 1705 |
| GNMA, 5.00%, 10/15/39 | 3049 | 3135 |
| GNMA, 4.50%, 1/15/40 | 2487 | 2500 |
| GNMA, 4.00%, 12/15/40 | 2744 | 2649 |
| GNMA, 4.50%, 12/15/40 | 8571 | 8582 |
| GNMA, 3.50%, 6/20/42 | 1521230 | 1449156 |
| GNMA, 3.00%, 5/20/50 | 1040333 | 937403 |
| GNMA, 3.00%, 7/20/50 | 2748897 | 2480410 |
| GNMA, 3.50%, 6/20/51 | 2344020 | 2162457 |
| GNMA, 3.00%, 7/20/51 | 6352787 | 5718389 |
| GNMA, 2.00%, 12/20/51 | 12818472 | 10674702 |
| GNMA, 4.00%, 9/20/52 | 6948552 | 6629865 |
| GNMA, 4.50%, 9/20/52 | 4329849 | 4259333 |
| GNMA, 4.50%, 10/20/52 | 7866306 | 7736982 |
| GNMA, 4.00%, 4/20/54 | 15781595 | 14987150 |
| GNMA, 5.00%, 12/20/54 | 4341055 | 4338887 |
| UMBS, 5.00%, TBA | 10159000 | 10109438 |
|  |  | 325025569 |
| **TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES**<br>(Cost $323,799,132) |  | **325797693** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 10.3%** |  |  |
| **Private Sponsor Collateralized Mortgage Obligations — 10.0%** |  |  |
| Chase Home Lending Mortgage Trust, Series 2024-10, Class A4, VRN, 6.00%, 10/25/55<sup>(1)</sup> | 6869109 | 6958989 |
| Chase Home Lending Mortgage Trust, Series 2024-2, Class A4A, SEQ, VRN, 6.00%, 2/25/55<sup>(1)</sup> | 3007013 | 3042842 |
| Chase Home Lending Mortgage Trust, Series 2024-3, Class A4, SEQ, VRN, 6.00%, 2/25/55<sup>(1)</sup> | 7876287 | 7988591 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A4, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 7002170 | 7021655 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A6, SEQ, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 2561120 | 2561001 |
| Chase Home Lending Mortgage Trust, Series 2025-10, Class A4A, VRN, 5.50%, 7/25/56<sup>(1)</sup> | 10102318 | 10187159 |
| Citigroup Mortgage Loan Trust, Inc., Series 2024-1, Class A7A, VRN, 6.00%, 7/25/54<sup>(1)</sup> | 6807841 | 6895805 |
| Deephaven Residential Mortgage Trust, Series 2020-2, Class B1, VRN, 6.40%, 5/25/65<sup>(1)</sup> | 4482000 | 4513067 |
| GCAT Trust, Series 2024-INV3, Class A6, SEQ, VRN, 5.50%, 9/25/54<sup>(1)</sup> | 11243409 | 11333447 |
| GS Mortgage-Backed Securities Trust, Series 2024-PJ5, Class A15, SEQ, VRN, 6.00%, 9/25/54<sup>(1)</sup> | 7093387 | 7169397 |
| GS Mortgage-Backed Securities Trust, Series 2024-PJ7, Class A7, SEQ, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 7702309 | 7700594 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ5, Class A5, VRN, 5.50%, 10/25/55<sup>(1)</sup> | 13520985 | 13607387 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ6, Class A4, VRN, 6.00%, 11/25/55<sup>(1)</sup> | 7178102 | 7286291 |
| JP Morgan Mortgage Trust, Series 2023-7, Class A4A, SEQ, VRN, 5.50%, 2/25/54<sup>(1)</sup> | 8843347 | 8896014 |
| JP Morgan Mortgage Trust, Series 2023-8, Class A4, SEQ, VRN, 6.00%, 2/25/54<sup>(1)</sup> | 3060000 | 3094350 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A4, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 6794866 | 6824606 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A6, SEQ, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 4692611 | 4700071 |
| JP Morgan Mortgage Trust, Series 2024-11, Class A4, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 10413055 | 10556953 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount/Shares** | **Value** |
| JP Morgan Mortgage Trust, Series 2024-11, Class A6, SEQ, VRN, 6.00%, 4/25/55<sup>(1)</sup> | $4051084 | $4081771 |
| JP Morgan Mortgage Trust, Series 2024-12, Class A4, VRN, 6.00%, 6/25/55<sup>(1)</sup> | 6885878 | 6971277 |
| JP Morgan Mortgage Trust, Series 2024-5, Class A6, SEQ, VRN, 6.00%, 11/25/54<sup>(1)</sup> | 4672394 | 4692369 |
| JP Morgan Mortgage Trust, Series 2024-8, Class A6A, SEQ, VRN, 5.50%, 1/25/55<sup>(1)</sup> | 5116816 | 5124215 |
| JP Morgan Mortgage Trust, Series 2024-CCM1, Class A4A, SEQ, VRN, 5.50%, 4/25/55<sup>(1)</sup> | 5221584 | 5258602 |
| JP Morgan Mortgage Trust, Series 2024-INV1, Class A4, SEQ, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 6483675 | 6579928 |
| JP Morgan Mortgage Trust, Series 2025-5MPR, Class A1D, 5.50%, 11/25/55<sup>(1)</sup> | 6813929 | 6844041 |
| JP Morgan Mortgage Trust, Series 2025-CCM1, Class A4, SEQ, VRN, 5.50%, 6/25/55<sup>(1)</sup> | 10497758 | 10563211 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2023-4, Class A4, VRN, 6.00%, 11/25/53<sup>(1)</sup> | 3258408 | 3272179 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-3, Class A2, VRN, 6.00%, 7/25/54<sup>(1)</sup> | 4437956 | 4464062 |
| OBX Trust, Series 2024-J1, Class A5, SEQ, VRN, 5.50%, 9/25/54<sup>(1)</sup> | 3980859 | 3994303 |
| OBX Trust, Series 2025-J1, Class A5, SEQ, VRN, 5.50%, 5/25/55<sup>(1)</sup> | 7703865 | 7757281 |
| PMT Loan Trust, Series 2025-J2, Class A9, VRN, 5.50%, 8/25/56<sup>(1)</sup> | 16029148 | 16148591 |
| Provident Funding Mortgage Trust, Series 2025-2, Class A4, SEQ, VRN, 5.50%, 6/25/55<sup>(1)</sup> | 8786773 | 8843486 |
| Rate Mortgage Trust, Series 2024-J3, Class A8, SEQ, VRN, 5.50%, 10/25/54<sup>(1)</sup> | 2385613 | 2389381 |
| Rate Mortgage Trust, Series 2025-J1, Class A4, VRN, 6.00%, 3/25/55<sup>(1)</sup> | 6922966 | 7031807 |
| Sequoia Mortgage Trust, Series 2024-10, Class A11, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 2658838 | 2661359 |
| Sequoia Mortgage Trust, Series 2024-10, Class A5, SEQ, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 3926775 | 3944734 |
| Sequoia Mortgage Trust, Series 2024-8, Class A11, SEQ, VRN, 5.50%, 9/25/54<sup>(1)</sup> | 5772735 | 5771275 |
| Sequoia Mortgage Trust, Series 2024-8, Class A5, SEQ, VRN, 5.50%, 9/25/54<sup>(1)</sup> | 8319355 | 8350257 |
| Sequoia Mortgage Trust, Series 2024-9, Class A5, SEQ, VRN, 5.50%, 10/25/54<sup>(1)</sup> | 5468940 | 5493434 |
| Verus Securitization Trust, Series 2023-8, Class A2, 6.66%, 12/25/68<sup>(1)</sup> | 2037810 | 2059615 |
|  |  | 262635397 |
| **U.S. Government Agency Collateralized Mortgage Obligations — 0.3%** |  |  |
| FNMA, Series 2022-R09, Class 2M1, VRN, 6.68%, (30-day average SOFR plus 2.50%), 9/25/42<sup>(1)</sup> | 1193528 | 1209455 |
| FNMA, Series 2023-R05, Class 1M1, VRN, 6.08%, (30-day average SOFR plus 1.90%), 6/25/43<sup>(1)</sup> | 4410597 | 4454770 |
| FNMA, Series 2024-R01, Class 1M1, VRN, 5.23%, (30-day average SOFR plus 1.05%), 1/25/44<sup>(1)</sup> | 3378844 | 3380046 |
|  |  | 9044271 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br>(Cost $270,163,753) |  | **271679668** |
| **CONVERTIBLE PREFERRED SECURITIES — 8.8%** |  |  |
| **Banks — 7.4%** |  |  |
| ABN AMRO Bank NV, 4.75% | 6000000 | 6964472 |
| Australia & New Zealand Banking Group Ltd., 6.75%<sup>(1)</sup> | 7870000 | 7994716 |
| Banco Bilbao Vizcaya Argentaria SA, 6.125% | 7000000 | 7032004 |
| Banco de Sabadell SA, 5.00% | 3000000 | 3504024 |
| Banco Mercantil del Norte SA, 5.875%<sup>(1)</sup> | 3537000 | 3510470 |
| Banco Mercantil del Norte SA, 7.50%<sup>(1)</sup> | 1774000 | 1821304 |
| Banco Santander SA, 4.75% | 14400000 | 14199434 |
| Barclays PLC, 6.375% | 2090000 | 2755070 |
| Barclays PLC, 8.00% | 7523000 | 8033225 |
| BNP Paribas SA, 8.50%<sup>(1)</sup> | 12253000 | 12986416 |
| BNP Paribas SA, 7.375% | 2400000 | 3034895 |
| Commerzbank AG, 4.25% | 7000000 | 8017638 |
| Cooperatieve Rabobank UA, 3.25% | 5000000 | 5718504 |
| Credit Agricole SA, 7.25% | 4900000 | 6099024 |
| Danske Bank AS, 4.375% | 11100000 | 11053031 |
| HSBC Holdings PLC, 6.00% | 6847000 | 6904706 |
| HSBC Holdings PLC, 6.875% | 1973000 | 2043059 |
| ING Groep NV, 5.75% | 7410000 | 7446472 |
| ING Groep NV, 7.50% | 7125000 | 7451334 |
| La Banque Postale SA, 3.875% | 4400000 | 5063445 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount/Shares** | **Value** |
| Lloyds Banking Group PLC, 6.75% | 3919000 | $3952076 |
| Macquarie Bank Ltd., 6.125%<sup>(1)</sup> | 5354000 | 5459126 |
| NatWest Group PLC, 5.125% | 1585000 | 2071548 |
| Nordea Bank Abp, 6.625%<sup>(1)</sup> | 14035000 | 14145933 |
| Skandinaviska Enskilda Banken AB, 6.875% | 7200000 | 7388507 |
| Societe Generale SA, 4.75%<sup>(1)</sup> | 1207000 | 1202142 |
| Societe Generale SA, 9.375%<sup>(1)</sup> | 7760000 | 8337507 |
| Societe Generale SA, 7.875% | 1600000 | 1999760 |
| Standard Chartered PLC, 7.75%<sup>(1)</sup> | 2118000 | 2203067 |
| Svenska Handelsbanken AB, 4.375% | 7400000 | 7312801 |
| UniCredit SpA, 3.875% | 7255000 | 8286765 |
|  |  | 193992475 |
| **Capital Markets — 0.9%** |  |  |
| Deutsche Bank AG, 7.125% | 6500000 | 8568721 |
| Deutsche Bank AG, 4.625% | 4600000 | 5271159 |
| UBS Group AG, 9.25%<sup>(1)</sup> | 9505000 | 10371143 |
|  |  | 24211023 |
| **Financial Services — 0.3%** |  |  |
| Nationwide Building Society, 5.75% | 6600000 | 8702252 |
| **Insurance — 0.2%** |  |  |
| CNP Assurances SA, 4.75% | 3500000 | 4075412 |
| **TOTAL CONVERTIBLE PREFERRED SECURITIES**<br>(Cost $224,343,460) |  | **230981162** |
| **ASSET-BACKED SECURITIES — 3.2%** |  |  |
| Blackbird Capital II Aircraft Lease Ltd., Series 2021-1A, Class A, SEQ, 2.44%, 7/15/46<sup>(1)</sup> | $3145108 | 2981216 |
| Capital Automotive REIT, Series 2024-2A, Class A2, SEQ, 5.25%, 5/15/54<sup>(1)</sup> | 6753255 | 6726094 |
| Cologix Data Centers U.S. Issuer LLC, Series 2021-1A, Class A2, SEQ, 3.30%, 12/26/51<sup>(1)</sup> | 1746000 | 1706568 |
| CyrusOne Data Centers Issuer I LLC, Series 2024-2A, Class A2, SEQ, 4.50%, 5/20/49<sup>(1)</sup> | 6300000 | 6207584 |
| Elara HGV Timeshare Issuer LLC, Series 2025-A, Class A, SEQ, 4.54%, 1/25/40<sup>(1)</sup> | 12776124 | 12781548 |
| Flexential Issuer, Series 2021-1A, Class A2, SEQ, 3.25%, 11/27/51<sup>(1)</sup> | 8675000 | 8632735 |
| Goodgreen Trust, Series 2018-1A, Class A, VRN, 3.93%, 10/15/53<sup>(1)</sup> | 1008095 | 930815 |
| New Economy Assets - Phase 1 Sponsor LLC, Series 2021-1, Class B1, 2.41%, 10/20/61<sup>(1)</sup> | 12500000 | 8196944 |
| Pagaya AI Debt Grantor Trust, Series 2025-6, Class B, 4.88%, 4/15/33<sup>(1)</sup> | 5118733 | 5118104 |
| SEB Funding LLC, Series 2024-1A, Class A2, SEQ, 7.39%, 4/30/54<sup>(1)</sup> | 7383000 | 7568095 |
| Sierra Timeshare Receivables Funding LLC, Series 2021-8, Class D, 3.17%, 11/20/37<sup>(1)</sup> | 259154 | 258053 |
| Stack Infrastructure Issuer LLC, Series 2021-1A, Class A2, SEQ, 1.88%, 3/26/46<sup>(1)</sup> | 3634000 | 3590833 |
| Switch ABS Issuer LLC, Series 2024-2A, Class A2, SEQ, 5.44%, 6/25/54<sup>(1)</sup> | 4800000 | 4820509 |
| Trinity Rail Leasing LLC, Series 2025-1A, Class A, SEQ, 5.09%, 10/19/55<sup>(1)</sup> | 6267000 | 6268392 |
| Vertical Bridge CC LLC, Series 2025-1A, Class A, SEQ, 5.16%, 8/16/55<sup>(1)</sup> | 7444627 | 7455489 |
| **TOTAL ASSET-BACKED SECURITIES**<br>(Cost $83,777,482) |  | **83242979** |
| **U.S. TREASURY SECURITIES — 2.7%** |  |  |
| U.S. Treasury Notes, 1.625%, 10/31/26<sup>(4)</sup> | 20395000 | 19978680 |
| U.S. Treasury Notes, 4.00%, 5/31/30<sup>(4)</sup> | 50350000 | 51012811 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $70,261,604) |  | **70991491** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 2.3%** |  |  |
| Bank, Series 2018-BN15, Class D, 3.00%, 11/15/61<sup>(1)</sup> | 2505000 | 2058880 |
| BBCMS Mortgage Trust, Series 2019-C3, Class D, 3.00%, 5/15/52<sup>(1)</sup> | 3000000 | 2372046 |
| BBCMS Mortgage Trust, Series 2019-C4, Class D, 3.25%, 8/15/52<sup>(1)</sup> | 3359000 | 2119664 |
| BBCMS Mortgage Trust, Series 2024-5C27, Class AS, SEQ, VRN, 6.41%, 7/15/57 | 10991000 | 11548429 |
| Benchmark Mortgage Trust, Series 2019-B13, Class D, 2.50%, 8/15/57<sup>(1)</sup> | 2514000 | 1483880 |
| Benchmark Mortgage Trust, Series 2020-B16, Class D, 2.50%, 2/15/53<sup>(1)</sup> | 5544000 | 4180580 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount/Shares** | **Value** |
| Benchmark Mortgage Trust, Series 2021-B31, Class D, 2.25%, 12/15/54<sup>(1)</sup> | $2618000 | $1738376 |
| GS Mortgage Securities Trust, Series 2019-GC42, Class D, 2.80%, 9/10/52<sup>(1)</sup> | 5175784 | 3803077 |
| GS Mortgage Securities Trust, Series 2019-GSA1, Class E, 2.80%, 11/10/52<sup>(1)</sup> | 5990000 | 4731320 |
| Morgan Stanley Capital I Trust, Series 2018-H3, Class D, 3.00%, 7/15/51<sup>(1)</sup> | 2392000 | 2002858 |
| Morgan Stanley Capital I Trust, Series 2018-L1, Class D, 3.00%, 10/15/51<sup>(1)</sup> | 4192000 | 3503360 |
| ONNI Commerical Mortgage Trust, Series 2024-APT, Class A, SEQ, VRN, 5.57%, 7/15/39<sup>(1)</sup> | 11242000 | 11471719 |
| UBS Commercial Mortgage Trust, Series 2018-C15, Class D, VRN, 5.14%, 12/15/51<sup>(1)</sup> | 2008000 | 1833219 |
| WB Commercial Mortgage Trust, Series 2024-HQ, Class A, SEQ, VRN, 5.94%, 3/15/40<sup>(1)</sup> | 4250000 | 4260928 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C41, Class D, VRN, 2.60%, 11/15/50<sup>(1)</sup> | 2067000 | 1747309 |
| Wells Fargo Commercial Mortgage Trust, Series 2020-C55, Class D, 2.50%, 2/15/53<sup>(1)</sup> | 2458000 | 1651551 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br>(Cost $57,556,291) |  | **60507196** |
| **PREFERRED SECURITIES — 2.2%** |  |  |
| **Banks — 0.7%** |  |  |
| Citigroup, Inc., 3.875% | 7483000 | 7445503 |
| Citigroup, Inc., 6.25% | 4430000 | 4472900 |
| JPMorgan Chase & Co., 3.65% | 2702000 | 2671999 |
| M&T Bank Corp., 5.125% | 163000 | 162920 |
| Wells Fargo & Co., 3.90% | 3985000 | 3961268 |
|  |  | 18714590 |
| **Capital Markets — 0.1%** |  |  |
| Charles Schwab Corp., 4.00% | 4064000 | 4031858 |
| **Diversified Telecommunication Services — 0.1%** |  |  |
| Telefonica Europe BV, 2.88% | 1600000 | 1814329 |
| **Oil, Gas and Consumable Fuels — 0.7%** |  |  |
| Energy Transfer LP, 6.625% | 4235000 | 4234522 |
| Energy Transfer LP, 6.50% | 6722000 | 6759468 |
| Eni SpA, 3.375% | 3295000 | 3783141 |
| Sunoco LP, 7.875%<sup>(1)</sup> | 2525000 | 2566069 |
|  |  | 17343200 |
| **Trading Companies and Distributors — 0.6%** |  |  |
| Air Lease Corp., 4.65% | 5590000 | 5536509 |
| Aircastle Ltd., 5.25%<sup>(1)</sup> | 11364000 | 11309099 |
|  |  | 16845608 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $57,355,878) |  | **58749585** |
| **COLLATERALIZED LOAN OBLIGATIONS — 2.0%** |  |  |
| Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class A, VRN, 5.50%, (1-month SOFR plus 1.46%), 11/15/36<sup>(1)</sup> | $2190983 | 2192077 |
| Cerberus Loan Funding XXXIX LP, Series 2022-3A, Class AR, VRN, 5.30%, (3-month SOFR plus 1.40%), 1/15/33<sup>(1)</sup> | 3952263 | 3957116 |
| Dryden 65 CLO Ltd., Series 2018-65A, Class C, VRN, 6.25%, (3-month SOFR plus 2.36%), 7/18/30<sup>(1)</sup> | 6800000 | 6820354 |
| Elmwood CLO 24 Ltd., Series 2023-3A, Class CR, VRN, 5.63%, (3-month SOFR plus 1.75%), 1/17/38<sup>(1)</sup> | 7625000 | 7637331 |
| LoanCore Issuer Ltd., Series 2021-CRE5, Class AS, VRN, 5.90%, (1-month SOFR plus 1.86%), 7/15/36<sup>(1)</sup> | 4913654 | 4910635 |
| Magnetite XLI Ltd., Series 2024-41A, Class C, VRN, 5.64%, (3-month SOFR plus 1.78%), 1/25/38<sup>(1)</sup> | 3525000 | 3532642 |
| Magnetite XXV Ltd., Series 2020-25A, Class C, VRN, 6.22%, (3-month SOFR plus 2.36%), 1/25/32<sup>(1)</sup> | 5200000 | 5215768 |
| Magnetite XXVIII Ltd., Series 2020-28A, Class CRR, VRN, 5.65%, (3-month SOFR plus 1.75%), 1/15/38<sup>(1)</sup> | 7975000 | 7988356 |
| MF1 Ltd., Series 2020-FL4, Class A, VRN, 5.85%, (1-month SOFR plus 1.81%), 12/15/35<sup>(1)</sup> | 1142056 | 1142646 |
| Mountain View CLO LLC, Series 2017-2A, Class B, VRN, 5.86%, (3-month SOFR plus 1.96%), 1/16/31<sup>(1)</sup> | 907570 | 906465 |
| Reese Park CLO Ltd., Series 2020-1A, Class CRR, VRN, 5.80%, (3-month SOFR plus 1.90%), 1/15/38<sup>(1)</sup> | 8100000 | 8126041 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS**<br>(Cost $51,933,905) |  | **52429431** |
| **MUNICIPAL SECURITIES — 0.5%** |  |  |
| California State University Rev., 2.98%, 11/1/51  | 825000 | 574189 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount/Shares** | **Value** |
| Commonwealth of Massachusetts GO, 2.66%, 9/1/39  | $241438 | $205142 |
| Escambia County Health Facilities Authority Rev., (Baptist Hospital, Inc. Obligated Group), 3.61%, 8/15/40 (AG) | 725000 | 601548 |
| Golden State Tobacco Securitization Corp. Rev., 2.75%, 6/1/34  | 2125000 | 1942111 |
| Los Angeles Community College District GO, 6.75%, 8/1/49  | 800000 | 906898 |
| Los Angeles Department of Airports Rev., 6.58%, 5/15/39  | 255000 | 277957 |
| Michigan Strategic Fund Rev., (Flint Water Advocacy Fund), 3.23%, 9/1/47  | 1600000 | 1243504 |
| Missouri Highway & Transportation Commission Rev., 5.45%, 5/1/33  | 275000 | 284991 |
| New Jersey Turnpike Authority Rev., 7.10%, 1/1/41  | 270000 | 316111 |
| Ohio Turnpike & Infrastructure Commission Rev., 3.22%, 2/15/48  | 830000 | 626586 |
| Port Authority of New York & New Jersey Rev., 4.93%, 10/1/51  | 450000 | 431830 |
| Regents of the University of California Medical Center Pooled Rev., 3.26%, 5/15/60  | 450000 | 296479 |
| State of California GO, 4.60%, 4/1/28, Prerefunded at 100% of Par<sup>(5)</sup> | 120000 | 122472 |
| State of California GO, 7.60%, 11/1/40  | 20000 | 24767 |
| Sumter Landing Community Development District Rev., 5.57%, 10/1/40 (AG) | 470000 | 489143 |
| Sumter Landing Community Development District Rev., 5.74%, 10/1/45 (AG) | 710000 | 732281 |
| Sumter Landing Community Development District Rev., 5.82%, 10/1/54 (AG) | 1295000 | 1328620 |
| Texas Natural Gas Securitization Finance Corp. Rev., SEQ, 5.17%, 4/1/41  | 230000 | 236518 |
| United Nations Development Corp. Rev., (City of New York), Series A, 6.54%, 8/1/55  | 455000 | 488656 |
| University of California Rev., 3.07%, 5/15/51  | 670000 | 465435 |
| **TOTAL MUNICIPAL SECURITIES**<br>(Cost $13,203,809) |  | **11595238** |
| **U.S. GOVERNMENT AGENCY SECURITIES — 0.1%** |  |  |
| FHLMC, 6.25%, 7/15/32<br>(Cost $2,467,928) | 2000000 | **2275848** |
| **BANK LOAN OBLIGATIONS**<sup>(6)</sup> **— 0.1%** |  |  |
| **Aerospace and Defense — 0.1%** |  |  |
| TransDigm, Inc., 2025 Term Loan K, 6.25%, (3-month SOFR plus 2.25%), 3/22/30<br>(Cost $1,822,634) | 1814221 | **1817741** |
| **SHORT-TERM INVESTMENTS — 1.5%** |  |  |
| **Money Market Funds — 0.0%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 108489 | 108489 |
| **Repurchase Agreements — 1.5%** |  |  |
| Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 4.50%, 11/15/54, valued at $40,989,769), at 4.15%, dated 10/31/25, due 11/3/25 (Delivery value $40,199,898) |  | 40186000 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $40,294,489) |  | **40294489** |
| **TOTAL INVESTMENT SECURITIES — 99.9%**<br>(Cost $2,664,223,953) |  | **2626143681** |
| **OTHER ASSETS AND LIABILITIES — 0.1%** |  | **3161924** |
| **TOTAL NET ASSETS — 100.0%** |  | $**2629305605** |

---

------

Schedule of Investments - Global Bond Fund

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement**<br>**Date** | **Unrealized Appreciation (Depreciation)** |
| USD | 25899155 | AUD | 38926956 | UBS AG<sup>(7)</sup> | 12/17/25 | $417254 |
| USD | 3859565 | CAD | 5321100 | Citibank NA | 12/17/25 | 57103 |
| CNY | 743339348 | USD | 104872933 | Morgan Stanley & Co. LLC | 11/5/25 | (343430) |
| USD | 104660305 | CNY | 743339348 | Citibank NA | 11/5/25 | 130802 |
| USD | 101255931 | CNY | 717195761 | Morgan Stanley & Co. LLC | 12/3/25 | 90566 |
| USD | 2303464 | COP | 9132384207 | Citibank NA | 12/17/25 | (51763) |
| USD | 6305372 | CZK | 130894614 | Goldman Sachs & Co. LLC | 12/17/25 | 98665 |
| USD | 5136696 | DKK | 32514596 | JPMorgan Chase Bank NA | 12/17/25 | 103759 |
| EUR | 4306000 | USD | 5131338 | JPMorgan Chase Bank NA | 12/17/25 | (155918) |
| EUR | 1179912 | USD | 1394968 | Morgan Stanley & Co. LLC | 12/17/25 | (31623) |
| EUR | 5376077 | USD | 6402119 | Morgan Stanley & Co. LLC | 12/17/25 | (190266) |
| EUR | 250064 | USD | 297596 | Morgan Stanley & Co. LLC | 12/17/25 | (8657) |
| EUR | 2733465 | USD | 3256980 | Morgan Stanley & Co. LLC | 12/17/25 | (98564) |
| EUR | 21521597 | USD | 25602187 | Morgan Stanley & Co. LLC | 12/17/25 | (734795) |
| EUR | 22596627 | USD | 26894989 | Morgan Stanley & Co. LLC | 12/17/25 | (785441) |
| EUR | 6505096 | USD | 7672106 | Morgan Stanley & Co. LLC | 12/17/25 | (155715) |
| EUR | 6684617 | USD | 7789402 | Morgan Stanley & Co. LLC | 12/17/25 | (65580) |
| EUR | 6452247 | USD | 7635034 | UBS AG<sup>(7)</sup> | 12/17/25 | (179707) |
| EUR | 1813173 | USD | 2151401 | UBS AG<sup>(7)</sup> | 12/17/25 | (56348) |
| EUR | 3624539 | USD | 4221747 | UBS AG<sup>(7)</sup> | 12/17/25 | (33729) |
| USD | 134560 | EUR | 115638 | Goldman Sachs & Co. LLC | 12/17/25 | 945 |
| USD | 414554923 | EUR | 352020668 | JPMorgan Chase Bank NA | 12/17/25 | 7808353 |
| USD | 21916167 | EUR | 18494328 | JPMorgan Chase Bank NA | 12/17/25 | 546671 |
| USD | 8164380 | EUR | 6889882 | JPMorgan Chase Bank NA | 12/17/25 | 203382 |
| USD | 5520674 | EUR | 4619289 | Morgan Stanley & Co. LLC | 12/17/25 | 183261 |
| USD | 4089889 | EUR | 3464919 | Morgan Stanley & Co. LLC | 12/17/25 | 86306 |
| USD | 444071 | EUR | 382316 | Morgan Stanley & Co. LLC | 12/17/25 | 2319 |
| USD | 1793355 | EUR | 1538338 | Morgan Stanley & Co. LLC | 12/17/25 | 15864 |
| USD | 2302750 | EUR | 1975381 | Morgan Stanley & Co. LLC | 12/17/25 | 20272 |
| GBP | 642225 | USD | 873560 | Citibank NA | 12/17/25 | (29823) |
| GBP | 206995 | USD | 281754 | Goldman Sachs & Co. LLC | 12/17/25 | (9810) |
| GBP | 210278 | USD | 286931 | JPMorgan Chase Bank NA | 12/17/25 | (10673) |
| GBP | 605030 | USD | 825306 | JPMorgan Chase Bank NA | 12/17/25 | (30434) |
| GBP | 1126226 | USD | 1539363 | Morgan Stanley & Co. LLC | 12/17/25 | (59759) |
| GBP | 1319475 | USD | 1766770 | UBS AG<sup>(7)</sup> | 12/17/25 | (33282) |
| GBP | 1678552 | USD | 2247488 | UBS AG<sup>(7)</sup> | 12/17/25 | (42255) |
| USD | 8967718 | GBP | 6699442 | Citibank NA | 12/17/25 | 166182 |
| USD | 24160718 | GBP | 17872368 | JPMorgan Chase Bank NA | 12/17/25 | 680508 |
| USD | 68138734 | GBP | 50282766 | Morgan Stanley & Co. LLC | 12/17/25 | 2078663 |
| USD | 4718558 | GBP | 3544414 | Morgan Stanley & Co. LLC | 12/17/25 | 62007 |
| USD | 10998219 | IDR | 181628211664 | UBS AG<sup>(7)</sup> | 12/17/25 | 85029 |
| USD | 2253036 | ILS | 7491319 | Bank of America NA | 12/17/25 | (46136) |
| USD | 105341773 | JPY | 15410793426 | JPMorgan Chase Bank NA | 12/17/25 | 4912108 |
| USD | 8126446 | MXN | 152683136 | Goldman Sachs & Co. LLC | 12/17/25 | (54882) |
| USD | 8609626 | MYR | 36100160 | Goldman Sachs & Co. LLC | 12/17/25 | (19809) |
| NZD | 9967320 | USD | 5719906 | UBS AG<sup>(7)</sup> | 12/17/25 | (5671) |
| USD | 38590695 | NZD | 64629771 | Morgan Stanley & Co. LLC | 12/17/25 | 1538641 |
| USD | 3349568 | PLN | 12191235 | UBS AG<sup>(7)</sup> | 12/17/25 | 49662 |
| USD | 4753322 | SEK | 44187416 | Citibank NA | 12/17/25 | 90120 |
| USD | 3376516 | SGD | 4303100 | Morgan Stanley & Co. LLC | 12/17/25 | 59699 |
| USD | 9858014 | THB | 311033145 | Citibank NA | 12/17/25 | 205768 |
|  |  |  |  |  |  | $16459839 |

---

------

Schedule of Investments - Global Bond Fund

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional Amount** | **Unrealized Appreciation <br>(Depreciation)^** |
| Canadian 10-Year Government Bonds | 687 | December 2025 | $60130562 | $1472650 |
| Euro-Bund 10-Year Bonds | 748 | December 2025 | 111557760 | 1404439 |
| Euro-OAT 10-Year Bonds | 814 | December 2025 | 115002179 | 2339437 |
| Japanese 10-Year Government Bonds | 23 | December 2025 | 20303160 | (12089) |
| Japanese 10-Year Mini Government Bonds | 165 | December 2025 | 14561028 | (81953) |
| Korean Treasury 10-Year Bonds | 450 | December 2025 | 36739077 | (746026) |
| U.K. Gilt 10-Year Bonds | 933 | December 2025 | 114748328 | 3844972 |
| U.S. Treasury 5-Year Notes | 95 | December 2025 | 10375039 | (5381) |
| U.S. Treasury Ultra Bonds | 211 | December 2025 | 25590344 | 1029707 |
|  |  |  | $509007477 | $9245756 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration <br>Date** | **Notional <br>Amount** | **Unrealized <br>Appreciation <br>(Depreciation)^** |
| Euro-Schatz 2-Year Bonds | 1527 | December 2025 | $188471148 | $(2552) |
| U.S. Treasury 2-Year Notes | 289 | December 2025 | 60181992 | 231991 |
| U.S. Treasury 10-Year Notes | 1431 | December 2025 | 161233453 | (225798) |
| U.S. Treasury 10-Year Ultra Notes | 176 | December 2025 | 20325250 | 137563 |
|  |  |  | $430211843 | $141204 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** | **CENTRALLY CLEARED CREDIT DEFAULT SWAP AGREEMENTS** |
| **Reference Entity** | **Type**<sup>‡</sup> | **Fixed Rate <br>Received <br>(Paid)<br>Quarterly** | **Termination Date** | **Notional <br>Amount** | **Notional <br>Amount** | **Premiums Paid (Received)** | **Unrealized <br>Appreciation <br>(Depreciation)** | **Value^** |
| Markit CDX North America High Yield Index Series 44 | Buy | (5.00)% | 6/20/30 |  | $23300000 | $(1603996) | $(283038) | $(1887034) |
| Markit iTraxx Europe Senior Financial Index Series 44 | Sell | 1.00% | 12/20/30 | EUR | 79600000 | 1756761 | 174120 | 1930881 |
|  |  |  |  |  |  | $152765 | $(108918) | $43847 |

---

‡The maximum potential amount the fund could be required to deliver as a seller of credit protection if a credit event occurs as defined under the terms of the agreement is the notional amount. The maximum potential amount may be partially offset by any recovery values of the reference entities and upfront payments received upon entering into the agreement.

^The value for credit default swap agreements serves as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability or profit at the period end. Increasing values in absolute terms when compared to the notional amount of the credit default swap agreement represent a deterioration of the referenced entity's credit soundness and an increased likelihood or risk of a credit event occurring as defined in the agreement.

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Schedule of Investments - Global Bond Fund

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS** | **CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS** | **CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS** | **CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS** | **CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS** | **CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS** | **CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS** | **CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS** | **CENTRALLY CLEARED INTEREST RATE SWAP AGREEMENTS** |
| **Floating Rate Index** | **Pay/Receive** <br>**Floating Rate Index Semiannually** | **Fixed**<br>**Rate** | **Termination <br>Date** | **Notional**<br>**Amount** | **Notional**<br>**Amount** | **Premiums**<br>**Paid**<br>**(Received)** | **Unrealized**<br>**Appreciation**<br>**(Depreciation)** | &nbsp;&nbsp;**Value** |
| 6-month BBSW | Pay | 4.53% | 1/17/35 | AUD | 10000 | $393 | $(255) | $138 |

---

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| AG | – | Assured Guaranty, Inc. |
| AUD | – | Australian Dollar |
| BBSW | – | Bank Bill Swap Rates |
| CAD | – | Canadian Dollar |
| CDX | – | Credit Derivatives Indexes |
| CNY | – | Chinese Yuan |
| COP | – | Colombian Peso |
| CZK | – | Czech Koruna |
| DKK | – | Danish Krone |
| EUR | – | Euro |
| FHLMC | – | Federal Home Loan Mortgage Corp. |
| FNMA | – | Federal National Mortgage Association |
| GBP | – | British Pound |
| GNMA | – | Government National Mortgage Association |
| GO | – | General Obligation |
| IDR | – | Indonesian Rupiah |
| ILS | – | Israeli Shekel |
| JPY | – | Japanese Yen |
| MXN | – | Mexican Peso |
| MYR | – | Malaysian Ringgit |
| NOK | – | Norwegian Krone |
| NZD | – | New Zealand Dollar |
| PLN | – | Polish Zloty |
| RFUCC | – | FTSE USD IBOR Consumer Cash Fallbacks |
| SEK | – | Swedish Krona |
| SEQ | – | Sequential Payer |
| SGD | – | Singapore Dollar |
| SOFR | – | Secured Overnight Financing Rate |
| TBA | – | To-Be-Announced. Security was purchased on a forward commitment basis with an approximate principal amount and maturity date. Actual principal amount and maturity date will be determined upon settlement. |
| THB | – | Thai Baht |
| UMBS | – | Uniform Mortgage-Backed Securities |
| USD | – | United States Dollar |
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |

---

(1)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $1,011,041,721, which represented 38.5% of total net assets.

(2)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.

(3)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.

(4)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward commitments, forward foreign currency exchange contracts, futures contracts and/or swap agreements. At the period end, the aggregate value of securities pledged was $15,809,471.

(5)Escrowed to maturity in U.S. government securities or state and local government securities.

(6)The interest rate on a bank loan obligation adjusts periodically based on a predetermined schedule. Rate or range of rates shown is effective at period end. The maturity date on a bank loan obligation may be less than indicated as a result of contractual or optional prepayments. These prepayments cannot be predicted with certainty.

(7)Collateral has been received at the custodian bank for collateral requirements on forward foreign currency exchange contracts. At the period end, the aggregate value of securities received was $133,914.

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Schedule of Investments - Global Bond Fund

**FAIR VALUE MEASUREMENTS**

The following is a summary of the fund's valuation inputs as of period end.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | | | |
| **Investment Securities** | | | |
| Corporate Bonds |  | $834140611 |  |
| Sovereign Governments and Agencies |  | 581640549 |  |
| U.S. Government Agency Mortgage-Backed Securities |  | 325797693 |  |
| Collateralized Mortgage Obligations |  | 271679668 |  |
| Convertible Preferred Securities |  | 230981162 |  |
| Asset-Backed Securities |  | 83242979 |  |
| U.S. Treasury Securities |  | 70991491 |  |
| Commercial Mortgage-Backed Securities |  | 60507196 |  |
| Preferred Securities |  | 58749585 |  |
| Collateralized Loan Obligations |  | 52429431 |  |
| Municipal Securities |  | 11595238 |  |
| U.S. Government Agency Securities |  | 2275848 |  |
| Bank Loan Obligations |  | 1817741 |  |
| Short-Term Investments | $108489 | 40186000 |  |
|  | $108489 | $2626035192 |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $1399261 | $9061498 |  |
| Swap Agreements |  | 1931019 |  |
| Forward Foreign Currency Exchange Contracts |  | 19693909 |  |
|  | $1399261 | $30686426 |  |
| **Liabilities** |  |  |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $231179 | $842620 |  |
| Swap Agreements |  | 1887034 |  |
| Forward Foreign Currency Exchange Contracts |  | 3234070 |  |
|  | $231179 | $5963724 |  |

---

**DERIVATIVE INSTRUMENTS**

As of period end, the value of derivative instruments located on the Statement of Assets and Liabilities were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit** | **Foreign Currency** | **Interest Rate** | **Total** |
| **Asset Derivatives:** | | | | |
| &nbsp;&nbsp;Receivable for variation margin on futures contracts\* |  |  | $25572 | $25572 |
| &nbsp;&nbsp;Unrealized appreciation on forward foreign currency exchange contracts |  | $19693909 |  | 19693909 |
|  |  |  |  | $19719481 |
| **Liability Derivatives:** |  |  |  |  |
| &nbsp;&nbsp;Payable for variation margin on futures contracts\* |  |  | $346539 | $346539 |
| &nbsp;&nbsp;Payable for variation margin on swap agreements\* | $26321 |  | 388 | 26709 |
| &nbsp;&nbsp;Unrealized depreciation on forward foreign currency exchange contracts |  | $3234070 |  | 3234070 |
|  |  |  |  | $3607318 |

---

\*Included in the unrealized appreciation (depreciation) on futures contracts or centrally cleared swap agreements, as applicable, as reported in the Schedule of Investments.

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Schedule of Investments - Global Bond Fund

The following is a summary of the effect of derivative instruments on the Statement of Operations for the period ended October 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** | **Type of Risk Exposure** |
| | **Credit** | **Foreign Currency** | **Interest Rate** | **Total** |
| **Net realized gain (loss) on:** | | | | |
| &nbsp;&nbsp;Forward foreign currency exchange transactions |  | $6462921 |  | $6462921 |
| &nbsp;&nbsp;Futures contract transactions |  |  | $(29546058) | (29546058) |
| &nbsp;&nbsp;Swap agreement transactions | $(2997906) |  | (35) | (2997941) |
|  |  |  |  | $(26081078) |
| **Change in net unrealized appreciation (depreciation) on:** |  |  |  |  |
| &nbsp;&nbsp;Forward foreign currency exchange contracts |  | $(12280701) |  | $(12280701) |
| &nbsp;&nbsp;Futures contracts |  |  | $20331695 | 20331695 |
| &nbsp;&nbsp;Swap agreements | $2552355 |  | (255) | 2552100 |
|  |  |  |  | $10603094 |

---

See Notes to Financial Statements.

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Statements of Assets and Liabilities

---

| | | |
|:---|:---|:---|
| **OCTOBER 31, 2025** | | |
| | **Emerging Markets Debt Fund** | **Global Bond Fund** |
| **Assets** | | |
| Investment securities, at value | $509718786 | $2626143681 |
| Investment made with cash collateral received for securities on loan, at value | 1523610 |  |
| Cash | 2668782 | 105064 |
| Foreign currency holdings, at value |  | 221037 |
| Receivable for investments sold | 1634145 | 13028928 |
| Receivable for capital shares sold | 19659 | 71549 |
| Receivable for variation margin on futures contracts |  | 25572 |
| Unrealized appreciation on forward foreign currency exchange contracts | 13048762 | 19693909 |
| Swap agreements, at value | 1541742 |  |
| Interest and dividends receivable | 8167687 | 27047552 |
| Securities lending receivable | 771 |  |
|  | 538323944 | 2686337292 |
| **Liabilities** |  |  |
| Payable for collateral received for forward foreign currency exchange contracts | 1328782 |  |
| Payable for collateral received for swap agreements | 1340000 |  |
| Payable for collateral received for securities on loan | 1523610 |  |
| Payable for investments purchased | 3221725 | 52088599 |
| Payable for capital shares redeemed | 17685 | 851956 |
| Payable for variation margin on futures contracts | 76875 | 346539 |
| Payable for variation margin on swap agreements | 12282 | 26709 |
| Unrealized depreciation on forward foreign currency exchange contracts | 12025693 | 3234070 |
| Accrued management fees | 90975 | 445641 |
| Distribution and service fees payable | 197 | 445 |
| Accrued foreign taxes |  | 37728 |
|  | 19637824 | 57031687 |
| **Net Assets** | $518686120 | $2629305605 |
| **Net Assets Consist of:** |  |  |
| Capital paid in | $589123277 | $2909759761 |
| Distributable earnings (loss) | (70437157) | (280454156) |
|  | $518686120 | $2629305605 |
| Investment securities, at cost | $477961678 | $2664223953 |
| Investment securities on loan, at value | $1472949 |  |
| Investment made with cash collateral received for securities on loan, at cost | $1523610 |  |
| Foreign currency holdings, at cost |  | $221662 |

---

------

Statements of Assets and Liabilities

---

| | | | |
|:---|:---|:---|:---|
| **Fund/Class** | **Net Assets** | **Shares Outstanding** | **Net Asset Value Per Share** |
| **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** |
| Investor Class | $93034307 | 9826474 | $9.47 |
| I Class | $3291933 | 347405 | $9.48 |
| Y Class | $34438072 | 3637292 | $9.47 |
| A Class | $269817 | 28545 | $9.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (Net asset value divide by 0.955) | &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (Net asset value divide by 0.955) |  | $9.90 |
| C Class | $65575 | 6960 | $9.42 |
| R Class | $182685 | 19342 | $9.44 |
| R5 Class | $48266 | 5098 | $9.47 |
| R6 Class | $832 | 88 | $9.46 |
| G Class | $387354633 | 40881573 | $9.48 |
| **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** |
| Investor Class | $366370322 | 41428045 | $8.84 |
| I Class | $205536690 | 23147070 | $8.88 |
| Y Class | $105857092 | 11903785 | $8.89 |
| A Class | $1292854 | 147220 | $8.78 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (Net asset value divide by 0.955) | &nbsp;&nbsp;&nbsp;&nbsp;Maximum Offering Price Per Share (Net asset value divide by 0.955) |  | $9.19 |
| C Class | $66883 | 7787 | $8.59 |
| R Class | $264868 | 30372 | $8.72 |
| R5 Class | $596657 | 67259 | $8.87 |
| R6 Class | $6608859 | 744875 | $8.87 |
| G Class | $1942711380 | 218321842 | $8.90 |

---

Maximum offering price per share was equal to the net asset value per share for all share classes, except A Class. The A Class may incur an initial sales charge and the A Class and C Class may be subject to a contingent deferred sales charge.

See Notes to Financial Statements.

------

Statements of Operations

---

| | | |
|:---|:---|:---|
| **YEAR ENDED OCTOBER 31, 2025** | **YEAR ENDED OCTOBER 31, 2025** | |
| | **Emerging Markets Debt Fund** | **Global Bond Fund** |
| **Investment Income (Loss)** | | |
| **Income:** | | |
| Interest | $41064747 | $141662629 |
| Dividends |  | 1099052 |
| Securities lending, net | 9239 |  |
| Less foreign taxes withheld | (367229) | (43969) |
|  | 40706757 | 142717712 |
| **Expenses:** |  |  |
| Management fees | 4391098 | 18406357 |
| Interest expenses | 136944 | 288140 |
| Distribution and service fees: |  |  |
| &nbsp;&nbsp;&nbsp;A Class | 608 | 3339 |
| &nbsp;&nbsp;&nbsp;C Class | 584 | 645 |
| &nbsp;&nbsp;&nbsp;R Class | 966 | 1249 |
| Trustees' fees and expenses | 37733 | 191041 |
|  | 4567933 | 18890771 |
| Fees waived | (3325241) | (13304523) |
|  | 1242692 | 5586248 |
| **Net investment income (loss)** | 39464065 | 137131464 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| **Net realized gain (loss) on:** |  |  |
| Investment transactions\* | 17796452 | (985301) |
| Forward foreign currency exchange contract transactions | (11175341) | 6462921 |
| Futures contract transactions | (958467) | (29546058) |
| Swap agreement transactions | (2636383) | (2997941) |
| Foreign currency translation transactions | (1773156) | 707367 |
|  | 1253105 | (26359012) |
| **Change in net unrealized appreciation (depreciation) on:** |  |  |
| Investments\*\* | 22945789 | 44730849 |
| Forward foreign currency exchange contracts | 1550787 | (12280701) |
| Futures contracts | 1063844 | 20331695 |
| Swap agreements | 1795257 | 2552100 |
| Translation of assets and liabilities in foreign currencies | 1422704 | 182095 |
|  | 28778381 | 55516038 |
| **Net realized and unrealized gain (loss)** | 30031486 | 29157026 |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | $69495551 | $166288490 |
| \*Net of foreign tax expenses paid (refunded) | $320009 | $1412 |
| \*\*Includes (increase) decrease in accrued foreign taxes | $4812 | $(16066) |

---

See Notes to Financial Statements.

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Statements of Changes in Net Assets

---

| | | | | |
|:---|:---|:---|:---|:---|
| **YEARS ENDED OCTOBER 31, 2025 AND OCTOBER 31, 2024** | **YEARS ENDED OCTOBER 31, 2025 AND OCTOBER 31, 2024** | **YEARS ENDED OCTOBER 31, 2025 AND OCTOBER 31, 2024** | | |
| | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Global Bond Fund** | **Global Bond Fund** |
| **Increase (Decrease) in Net Assets** | **October 31, 2025** | **October 31, 2024** | **October 31, 2025** | **October 31, 2024** |
| **Operations** | | | | |
| Net investment income (loss) | $39464065 | $40386499 | $137131464 | $136769092 |
| Net realized gain (loss) | 1253105 | (15660216) | (26359012) | (77996337) |
| Change in net unrealized appreciation (depreciation) | 28778381 | 56388887 | 55516038 | 235033512 |
| Net increase (decrease) in net assets resulting from operations | 69495551 | 81115170 | 166288490 | 293806267 |
| **Distributions to Shareholders** |  |  |  |  |
| From earnings: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investor Class | (4868791) | (4772930) | (14619460) | (9255870) |
| &nbsp;&nbsp;&nbsp;I Class | (194888) | (272234) | (8118092) | (4749501) |
| &nbsp;&nbsp;&nbsp;Y Class | (1802191) | (1606202) | (4220193) | (2415070) |
| &nbsp;&nbsp;&nbsp;A Class | (12598) | (13525) | (49884) | (32399) |
| &nbsp;&nbsp;&nbsp;C Class | (2591) | (362) | (1839) | (2772) |
| &nbsp;&nbsp;&nbsp;R Class | (10069) | (9161) | (8059) | (3325) |
| &nbsp;&nbsp;&nbsp;R5 Class | (2557) | (3892) | (99026) | (155833) |
| &nbsp;&nbsp;&nbsp;R6 Class | (2439) | (16683) | (282437) | (188465) |
| &nbsp;&nbsp;&nbsp;G Class | (28882987) | (33272440) | (116391902) | (81644781) |
| Decrease in net assets from distributions | (35779111) | (39967429) | (143790892) | (98448016) |
| **Capital Share Transactions** |  |  |  |  |
| Net increase (decrease) in net assets from capital share transactions (Note 5) | (147717806) | (15773755) | (622531789) | 516224826 |
| **Net increase (decrease) in net assets** | (114001366) | 25373986 | (600034191) | 711583077 |
| **Net Assets** |  |  |  |  |
| Beginning of period | 632687486 | 607313500 | 3229339796 | 2517756719 |
| End of period | $518686120 | $632687486 | $2629305605 | $3229339796 |

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See Notes to Financial Statements.

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Notes to Financial Statements

**OCTOBER 31, 2025** 

**1. Organization**

American Century International Bond Funds (the trust) is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company and is organized as a Massachusetts business trust. The financial statements herein relate to the following funds and the respective share classes offered by the trust.

Emerging Markets Debt Fund Investor, I, Y, A, C, R, R5, R6, G <br> <u>Global Bond Fund</u> <u>Investor, I, Y, A, C, R, R5, R6, G</u>

Each fund represents a single operating segment as its operating results are monitored as a whole and the long-term asset allocation is determined in accordance with its prospectus, based on defined investment objectives executed by the fund's portfolio management team. The President of the funds serves as the chief operating decision maker (CODM). A fund's income, expenses, assets, and performance are regularly monitored and assessed by the CODM, using the information consistent with that presented in the financial statements and financial highlights.

**2. Significant Accounting Policies**

The following is a summary of significant accounting policies consistently followed by the funds in preparation of their financial statements. Each fund is an investment company and follows accounting and reporting guidance in accordance with accounting principles generally accepted in the United States of America. This may require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from these estimates. Management evaluated the impact of events or transactions occurring through the date the financial statements were issued that would merit recognition or disclosure.

**Investment Valuations —** Each fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of a fund's investments is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, bank loan obligations, municipal securities, convertible bonds and sovereign governments and agencies are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections. Commercial paper and certificates of deposit are valued using a curve-based approach that considers money market rates for specific instruments, programs, currencies and maturity points from a variety of active market makers.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred securities and convertible preferred securities with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Open-end management investment companies are valued at the reported NAV per share. Repurchase agreements are valued at cost, which approximates fair value. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. Swap agreements are valued at an evaluated mean as provided by independent pricing services or independent brokers. Forward foreign currency exchange contracts are valued at the mean of the appropriate forward exchange rate at the close of the NYSE as provided by an independent pricing service.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause a fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment's primary exchange but before the NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that

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could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

**Fair Value Measurements —** The investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by a fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund's own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments. The Schedule of Investments provides additional information on a fund's level classifications.

**Foreign Currency Translations —** All assets and liabilities, including investment securities and other financial instruments, initially expressed in foreign currencies are translated into U.S. dollars each day at the mean of the appropriate currency exchange rate at the close of the NYSE as provided by an independent pricing service. A fund may enter into spot foreign currency exchange contracts to facilitate transactions denominated in a foreign currency. Purchases and sales of investment securities, dividend and interest income, spot foreign currency exchange contracts, and expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. Net realized and unrealized foreign currency exchange gains or losses related to investment securities are a component of net realized gain (loss) on investment transactions and change in net unrealized appreciation (depreciation) on investments, respectively.

**Security Transactions —** Security transactions are accounted for as of the trade date. Net realized gains and losses are determined on the identified cost basis, which is also used for federal income tax purposes. Certain countries impose taxes on realized gains on the sale of securities registered in their country. A fund records the foreign tax expense, if any, on an accrual basis. The foreign tax expense on realized gains and unrealized appreciation reduces the net realized gain (loss) on investment transactions and net unrealized appreciation (depreciation) on investments, respectively.

**Investment Income —** Interest income less foreign taxes withheld, if any, is recorded on the accrual basis and includes paydown gain (loss) and accretion of discounts and amortization of premiums. Inflation adjustments related to inflation-linked debt securities are reflected as interest income. Dividend income less foreign taxes withheld, if any, is recorded as of the ex-dividend date. Distributions received on securities that represent a return of capital or long-term capital gain are recorded as a reduction of cost of investments and/or as a realized gain. A fund may estimate the components of distributions received that may be considered nontaxable distributions or long-term capital gain distributions for income tax purposes. Securities lending income is net of fees and rebates earned by the lending agent for its services.

**Forward Commitments —** A fund may engage in securities transactions on a forward commitment basis. In these transactions, the securities' prices and yields are fixed on the date of the commitment. A fund may sell a to-be-announced (TBA) security and at the same time make a commitment to purchase the same security at a future date at a specified price. Conversely, a fund may purchase a TBA security and at the same time make a commitment to sell the same security at a future date at a specified price. These types of transactions are known as "TBA roll" transactions and are accounted for as purchases and sales. A fund will segregate cash, cash equivalents or other appropriate liquid securities on its records in amounts sufficient to meet the purchase price.

**Repurchase Agreements —** A fund may enter into repurchase agreements with institutions that ACIM has determined are creditworthy pursuant to criteria adopted by the Board of Trustees. A fund requires that the collateral, represented by securities, received in a repurchase transaction be transferred to the custodian in a manner sufficient to enable the fund to obtain those securities in the event of a default under the repurchase agreement. ACIM monitors, on a daily basis, the securities transferred to ensure the value, including accrued interest, of the securities under each repurchase agreement is equal to or greater than amounts owed to a fund under each repurchase agreement.

**Joint Trading Account —** Pursuant to an Exemptive Order issued by the Securities and Exchange Commission, a fund may transfer uninvested cash balances into a joint trading account with certain other funds in the American Century Investments family of funds. These balances are invested in one or more repurchase agreements that are collateralized by U.S. Treasury or Agency obligations.

**Income Tax Status —** It is each fund's policy to distribute substantially all net investment income and net realized gains to shareholders and to otherwise qualify as a regulated investment company under provisions of the Internal Revenue Code. Accordingly, no provision has been made for income taxes. A fund files U.S. federal, state, local and non-U.S. tax returns as applicable. A fund's tax returns are subject to examination by the relevant taxing authority until expiration of the applicable statute of limitations, which is generally three years from the date of filing but can be longer in certain jurisdictions. At this time, management believes there are no uncertain tax positions which, based on their technical merit, would not be sustained upon examination and for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.

**Multiple Class —** All shares of a fund represent an equal pro rata interest in the net assets of the class to which such shares belong, and have identical voting, dividend, liquidation and other rights and the same terms and conditions, except for class specific expenses and exclusive rights to vote on matters affecting only

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individual classes. Income, non-class specific expenses, and realized and unrealized capital gains and losses of a fund are allocated to each class of shares based on their relative net assets.

**Distributions to Shareholders —** Distributions to shareholders are recorded on the ex-dividend date in a manner consistent with provisions of the 1940 Act. A fund may elect to treat a portion of its payment to a redeeming shareholder, which represents the pro rata share of undistributed net investment income and net realized gains, as a distribution for federal income tax purposes (tax equalization). Distributions from net investment income, if any, are generally declared and paid quarterly, but may be paid less frequently. Distributions from net realized gains, if any, are generally declared and paid annually.

**Indemnifications —** Under the trust's organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to a fund. In addition, in the normal course of business, a fund may enter into contracts that provide general indemnifications. The maximum exposure under these arrangements is unknown as this would involve future claims that may be made against a fund. The risk of material loss from such claims is considered by management to be remote.

**Securities Lending —** Securities are lent to qualified financial institutions and brokers. State Street Bank & Trust Co. serves as securities lending agent to the funds pursuant to a Securities Lending Agreement. The lending of securities exposes a fund to risks such as: the borrowers may fail to return the loaned securities, the borrowers may not be able to provide additional collateral, a fund may experience delays in recovery of the loaned securities or delays in access to collateral, or a fund may experience losses related to the investment collateral. To minimize certain risks, loan counterparties pledge collateral in the form of cash and/or securities. The lending agent has agreed to indemnify the funds in the case of default of any securities borrowed. Cash collateral received is invested in the State Street Navigator Securities Lending Government Money Market Portfolio, a money market mutual fund registered under the 1940 Act. The loans may also be secured by U.S. government securities in an amount at least equal to the market value of the securities loaned, plus accrued interest and dividends, determined on a daily basis and adjusted accordingly. By lending securities, a fund seeks to increase its net investment income through the receipt of interest and fees. Such income is reflected separately within the Statement of Operations. The value of loaned securities and related collateral outstanding at period end, if any, are shown on a gross basis within the Schedule of Investments and Statement of Assets and Liabilities, and the remaining contractual maturities of any securities lending transactions are considered overnight and continuous.

**3. Fees and Transactions with Related Parties**

Certain officers and trustees of the trust are also officers and/or directors of American Century Companies, Inc. (ACC). The trust's investment advisor, ACIM, the trust's distributor, American Century Investment Services, Inc. (ACIS), and the trust's transfer agent, American Century Services, LLC, are wholly owned, directly or indirectly, by ACC.

**Management Fees —** The trust has entered into a management agreement with ACIM, under which ACIM provides each fund with investment advisory and management services in exchange for a single, unified management fee (the fee) per class. The agreement provides that ACIM will pay all expenses of managing and operating a fund, except brokerage expenses, taxes, interest, fees and expenses of the independent trustees (including legal counsel fees), extraordinary expenses, and expenses incurred in connection with the provision of shareholder services and distribution services under a plan adopted pursuant to Rule 12b-1 under the 1940 Act. The fee is computed and accrued daily based on the daily net assets of each class and paid monthly in arrears. The difference in the fee among the classes is a result of their separate arrangements for non-Rule 12b-1 shareholder services. It is not the result of any difference in advisory or custodial fees or other expenses related to the management of a fund's assets, which do not vary by class. The investment advisor agreed to waive the G Class's management fee in its entirety. The investment advisor expects this waiver to remain in effect permanently and cannot terminate it without the approval of the Board of Trustees.

The annual management fee including any waiver impacts are as follows:

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| | | | |
|:---|:---|:---|:---|
| **Emerging Markets Debt Fund** | **Annual Management Fee** | **Effective Annual Management Fee** <br>**After Waiver** | **Management Fee Waived** |
| Investor Class | 0.96% | 0.92% | $37969 |
| I Class | 0.86% | 0.82% | $1488 |
| Y Class | 0.76% | 0.72% | $13574 |
| A Class | 0.96% | 0.92% | $102 |
| C Class | 0.96% | 0.92% | $25 |
| R Class | 0.96% | 0.92% | $86 |
| R5 Class | 0.76% | 0.72% | $20 |
| R6 Class | 0.71% | 0.67% | $19 |
| G Class | 0.71% | 0.00% | $3271958 |

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From November 1, 2024 through July 31, 2025, the investment advisor agreed to waive 0.03% of the fund's management fee. Effective August 1, 2025, the investment advisor agreed to waive 0.08% of the fund's management fee. The investment advisor expects this waiver to continue until July 31, 2026 and cannot terminate it prior to such date without the approval of the Board of Trustees.

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| | | |
|:---|:---|:---|
| **Global Bond Fund** | **Annual Management Fee** | **Management Fee Waived** |
| Investor Class | 0.83% |  |
| I Class | 0.73% |  |
| Y Class | 0.63% |  |
| A Class | 0.83% |  |
| C Class | 0.83% |  |
| R Class | 0.83% |  |
| R5 Class | 0.63% |  |
| R6 Class | 0.58% |  |
| G Class | 0.00%<sup>(1)</sup> | $13304523 |

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(1)Annual management fee before waiver was 0.58%.

**Distribution and Service Fees —** The Board of Trustees has adopted a separate Master Distribution and Individual Shareholder Services Plan for each of the A Class, C Class and R Class (collectively the plans), pursuant to Rule 12b-1 of the 1940 Act. The plans provide that the A Class will pay ACIS an annual distribution and service fee of 0.25%. The plans provide that the C Class will pay ACIS an annual distribution and service fee of 1.00%, of which 0.25% is paid for individual shareholder services and 0.75% is paid for distribution services. The plans provide that the R Class will pay ACIS an annual distribution and service fee of 0.50%. The fees are computed and accrued daily based on each class's daily net assets and paid monthly in arrears. The fees are used to pay financial intermediaries for distribution and individual shareholder services. Fees incurred under the plans during the period ended October 31, 2025 are detailed in the Statement of Operations.

**Trustees' Fees and Expenses —** The Board of Trustees is responsible for overseeing the investment advisor's management and operations of the funds. The trustees receive detailed information about the funds and their investment advisor regularly throughout the year, and meet at least quarterly with management of the investment advisor to review reports about fund operations. The funds' officers do not receive compensation from the funds.

**Other Expenses —** A fund's other expenses may include interest charges, clearing exchange fees, proxy solicitation expenses, fees associated with the recovery of foreign tax reclaims and other miscellaneous expenses.

**Related Party Ownership —** A related party, including other funds advised by American Century Investments, may own outstanding shares of a fund. Related parties do not invest in a fund for the purpose of exercising management or control. As of period end, related parties with ownership of 5% or more of the outstanding shares of a fund are as follows:

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| | | |
|:---|:---|:---|
| | **Related Party** | **% of Outstanding Shares** |
| Emerging Markets Debt Fund | American Century Asset Allocation Portfolios, Inc | 54% |
| Global Bond Fund | American Century Asset Allocation Portfolios, Inc | 52% |

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**Interfund Transactions —** A fund may enter into security transactions with other American Century Investments funds and other client accounts of the investment advisor, in accordance with the 1940 Act rules and procedures adopted by the Board of Trustees. The rules and procedures require, among other things, that these transactions be effected at the independent current market price of the security. There were no interfund transactions during the period.

**4. Investment Transactions**

Investment transactions, excluding short-term investments, for the period ended October 31, 2025 were as follows:

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| | | |
|:---|:---|:---|
| | **Emerging Markets Debt Fund** | **Global Bond Fund** |
| Purchases of U.S. Treasury and Government Agency obligations | $30139903 | $1752438562 |
| Purchases of other investment securities | 547990952 | 2440919110 |
| Total Purchases | $578130855 | $4193357672 |
| Sales of U.S. Treasury and Government Agency obligations | $21287893 | $1924501250 |
| Sales of other investment securities | 701092714 | 2892772327 |
| Total Sales | $722380607 | $4817273577 |

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**5. Capital Share Transactions** 

Transactions in shares of the funds were as follows (unlimited number of shares authorized):

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**October 31, 2025** | **Year ended**<br>**October 31, 2025** | **Year ended**<br>**October 31, 2024** | **Year ended**<br>**October 31, 2024** |
| | **Shares** | **Amount** | **Shares** | **Amount** |
| **Emerging Markets Debt Fund** | | | | |
| **Investor Class** | | | | |
| Sold | 554220 | $4911263 | 681361 | $6024489 |
| Issued in reinvestment of distributions | 533140 | 4839348 | 536727 | 4763657 |
| Redeemed | (1122559) | (10066573) | (1732963) | (15302986) |
|  | (35199) | (315962) | (514875) | (4514840) |
| **I Class** |  |  |  |  |
| Sold | 514098 | 4627187 | 493137 | 4381400 |
| Issued in reinvestment of distributions | 21506 | 194888 | 30644 | 272234 |
| Redeemed | (657347) | (5919266) | (680621) | (6041541) |
|  | (121743) | (1097191) | (156840) | (1387907) |
| **Y Class** |  |  |  |  |
| Sold | 876902 | 7852593 | 773260 | 6851071 |
| Issued in reinvestment of distributions | 198356 | 1801912 | 180999 | 1606202 |
| Redeemed | (726176) | (6531316) | (559402) | (4972808) |
|  | 349082 | 3123189 | 394857 | 3484465 |
| **A Class** |  |  |  |  |
| Sold | 12597 | 116049 | 5479 | 49453 |
| Issued in reinvestment of distributions | 1392 | 12598 | 1526 | 13525 |
| Redeemed | (16131) | (145621) | (4981) | (44650) |
|  | (2142) | (16974) | 2024 | 18328 |
| **C Class** |  |  |  |  |
| Sold | 2197 | 19000 | 3734 | 34166 |
| Issued in reinvestment of distributions | 285 | 2591 | 41 | 362 |
| Redeemed | (172) | (1525) |  |  |
|  | 2310 | 20066 | 3775 | 34528 |
| **R Class** |  |  |  |  |
| Sold | 10299 | 93025 | 8102 | 71703 |
| Issued in reinvestment of distributions | 1109 | 10069 | 1033 | 9161 |
| Redeemed | (15313) | (139282) | (4258) | (37527) |
|  | (3905) | (36188) | 4877 | 43337 |
| **R5 Class** |  |  |  |  |
| Sold | 39 | 357 | 39 | 351 |
| Issued in reinvestment of distributions | 282 | 2557 | 439 | 3892 |
| Redeemed | (17) | (155) | (3147) | (28810) |
|  | 304 | 2759 | (2669) | (24567) |
| **R6 Class** |  |  |  |  |
| Sold | 503 | 4415 | 2535 | 22359 |
| Issued in reinvestment of distributions | 277 | 2439 | 1880 | 16683 |
| Redeemed | (32532) | (288613) | (3824) | (34231) |
|  | (31752) | (281759) | 591 | 4811 |
| **G Class** |  |  |  |  |
| Sold | 2937017 | 26452252 | 4551568 | 40593552 |
| Issued in reinvestment of distributions | 3194441 | 28882987 | 3748656 | 33272440 |
| Redeemed | (22378412) | (204450985) | (9757224) | (87297902) |
|  | (16246954) | (149115746) | (1457000) | (13431910) |
| Net increase (decrease) | (16089999) | $(147717806) | (1725260) | $(15773755) |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Year ended**<br>**October 31, 2025** | **Year ended**<br>**October 31, 2025** | **Year ended**<br>**October 31, 2024** | **Year ended**<br>**October 31, 2024** |
| | **Shares** | **Amount** | **Shares** | **Amount** |
| **Global Bond Fund** | | | | |
| **Investor Class** | | | | |
| Sold | 646875 | $5670286 | 11642038 | $100142761 |
| Issued in reinvestment of distributions | 1678848 | 14614518 | 1074300 | 9254857 |
| Redeemed | (2586954) | (22500017) | (2634939) | (22740003) |
|  | (261231) | (2215213) | 10081399 | 86657615 |
| **I Class** |  |  |  |  |
| Sold | 2546444 | 22350747 | 2436201 | 21093197 |
| Issued in reinvestment of distributions | 928884 | 8117418 | 549368 | 4748144 |
| Redeemed | (2046495) | (17886510) | (1905943) | (16619619) |
|  | 1428833 | 12581655 | 1079626 | 9221722 |
| **Y Class** |  |  |  |  |
| Sold | 2844382 | 24989573 | 5260089 | 45669134 |
| Issued in reinvestment of distributions | 482237 | 4219587 | 279120 | 2415070 |
| Redeemed | (2324219) | (20411168) | (1615581) | (14071641) |
|  | 1002400 | 8797992 | 3923628 | 34012563 |
| **A Class** |  |  |  |  |
| Sold | 21078 | 182675 | 23941 | 205859 |
| Issued in reinvestment of distributions | 5696 | 49241 | 3746 | 32054 |
| Redeemed | (43334) | (375885) | (24594) | (210440) |
|  | (16560) | (143969) | 3093 | 27473 |
| **C Class** |  |  |  |  |
| Sold | 200 | 1700 | 1799 | 15069 |
| Issued in reinvestment of distributions | 217 | 1839 | 326 | 2736 |
| Redeemed | (3038) | (25822) | (14024) | (116998) |
|  | (2621) | (22283) | (11899) | (99193) |
| **R Class** |  |  |  |  |
| Sold | 21081 | 180695 | 20087 | 170503 |
| Issued in reinvestment of distributions | 937 | 8059 | 392 | 3325 |
| Redeemed | (15615) | (134471) | (11789) | (100280) |
|  | 6403 | 54283 | 8690 | 73548 |
| **R5 Class** |  |  |  |  |
| Sold | 238 | 2088 | 728 | 6384 |
| Issued in reinvestment of distributions | 11364 | 99026 | 18047 | 155833 |
| Redeemed | (573531) | (5002082) | (91968) | (794513) |
|  | (561929) | (4900968) | (73193) | (632296) |
| **R6 Class** |  |  |  |  |
| Sold | 126026 | 1102096 | 197161 | 1709096 |
| Issued in reinvestment of distributions | 32357 | 282437 | 21832 | 188465 |
| Redeemed | (218159) | (1911521) | (202624) | (1748815) |
|  | (59776) | (526988) | 16369 | 148746 |
| **G Class** |  |  |  |  |
| Sold | 28789421 | 253765299 | 82649973 | 716847635 |
| Issued in reinvestment of distributions | 13308913 | 116391902 | 9436747 | 81644781 |
| Redeemed | (114124295) | (1006313499) | (47219846) | (411677768) |
|  | (72025961) | (636156298) | 44866874 | 386814648 |
| Net increase (decrease) | (70490442) | $(622531789) | 59894587 | $516224826 |

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**6. Derivative Instruments**

A fund may invest in various types of derivative instruments as permitted by its investment objectives and policies. The following is a summary of the primary underlying risks and derivative strategies used during the period. The Schedule of Investments provides additional information on the value and effect of a fund's derivative instruments activity.

**Credit Risk —** The funds may be subject to credit risk in the normal course of pursuing their investment objectives. The value of a bond generally declines as the credit quality of its issuer declines. Credit default swap agreements enable a fund to buy/sell protection against a credit event of a specific issuer or index. A fund may attempt to enhance returns by selling protection or attempt to mitigate credit risk by buying protection. The buyer/seller of credit protection against a security or basket of securities may pay/receive an up-front or periodic payment to compensate for/against potential default events. Changes in value, including the periodic amounts of interest to be paid or received on swap agreements, are recorded as unrealized appreciation (depreciation) on swap agreements. Upon entering into a centrally cleared swap, a fund is required to deposit cash or securities (initial margin) with a financial intermediary in an amount equal to a certain percentage of the notional amount. A fund may incur charges or earn income on cash deposit balances, which are reflected in interest expenses or interest income, respectively. Subsequent payments (variation margin) are made or received daily, in cash, by a fund. The variation margin is equal to the daily change in the value and is a component of unrealized gains and losses. Realized gain or loss is recorded upon receipt or payment of a periodic settlement or termination of swap agreements. Net realized and unrealized gains or losses occurring during the holding period of swap agreements are a component of net realized gain (loss) on swap agreement transactions and change in net unrealized appreciation (depreciation) on swap agreements, respectively. The risks of entering into swap agreements include the possible lack of liquidity, failure of the counterparty to meet its obligations, and that there may be unfavorable changes in the underlying investments or instruments. The average notional exposure to credit risk derivative instruments held during the period was as follows:

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| | |
|:---|:---|
| Emerging Markets Debt Fund | $43343333 |
| Global Bond Fund | $144751289 |

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**Foreign Currency Risk —** The funds may be subject to foreign currency exchange rate risk in the normal course of pursuing their investment objectives. The value of foreign investments held by a fund may be significantly affected by changes in foreign currency exchange rates. The dollar value of a foreign security generally decreases when the value of the dollar rises against the foreign currency in which the security is denominated and tends to increase when the value of the dollar declines against such foreign currency. A fund may enter into forward foreign currency exchange contracts to reduce a fund's exposure to foreign currency exchange rate fluctuations or to gain exposure to the fluctuations in the value of foreign currencies. A fund will segregate cash, cash equivalents or other appropriate liquid securities on its records in amounts sufficient to meet requirements. The net U.S. dollar value of foreign currency underlying all contractual commitments held by a fund and the resulting unrealized appreciation or depreciation are determined daily. Realized gain or loss is recorded upon settlement of the contract. Net realized and unrealized gains or losses occurring during the holding period of forward foreign currency exchange contracts are a component of net realized gain (loss) on forward foreign currency exchange contract transactions and change in net unrealized appreciation (depreciation) on forward foreign currency exchange contracts, respectively. A fund bears the risk of an unfavorable change in the foreign currency exchange rate underlying the forward contract. Additionally, losses, up to the fair value, may arise if the counterparties do not perform under the contract terms. The average U.S. dollar exposure to foreign currency risk derivative instruments held during the period was as follows:

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| | |
|:---|:---|
| Emerging Markets Debt Fund | $2114507832 |
| Global Bond Fund | $1133525005 |

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**Interest Rate Risk —** The funds may be subject to interest rate risk in the normal course of pursuing their investment objectives. A fund may enter into futures contracts or interest rate swap agreements in order to manage its exposure to changes in market conditions. The value of bonds generally declines as interest rates rise. The risks of entering into interest rate risk derivative instruments include the possible lack of liquidity, failure of the counterparty to meet its obligations, and that there may be unfavorable changes in the underlying investments or instruments.

A fund may enter into futures contracts based on a bond index or a specific underlying security. A fund may purchase futures contracts to gain exposure to increases in market value or sell futures contracts to protect against a decline in market value. Upon entering into a futures contract, a fund will segregate cash, cash equivalents or other appropriate liquid securities on its records in amounts sufficient to meet requirements. A fund may incur charges or earn income on cash deposit balances, which are reflected in interest expenses or interest income, respectively. Subsequent payments (variation margin) are made or received daily, in cash, by a fund. The variation margin is equal to the daily change in the contract value and is recorded as unrealized gains and losses. A fund recognizes a realized gain or loss when the futures contract is closed or expires. Net realized and unrealized gains or losses occurring during the holding period of futures contracts are a component of net realized gain (loss) on futures contract transactions and change in net unrealized appreciation (depreciation) on futures contracts, respectively. The average notional exposure to interest rate risk derivative instruments held during the period was as follows:

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| | | |
|:---|:---|:---|
| | **Futures Contracts**<br>**Purchased** | **Futures Contracts**<br>**Sold** |
| Emerging Markets Debt Fund | $71033449 | $31138930 |
| Global Bond Fund | $654411375 | $420591807 |

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A fund may enter into interest rate swap agreements to gain exposure to declines in interest rates, to protect against increases in interest rates, or to maintain its ability to generate income at prevailing interest rates. A fund will segregate cash, cash equivalents or other appropriate liquid securities on its records in amounts sufficient to meet requirements. Changes in value, including the periodic amounts of interest to be paid or received on swap agreements, are recorded as unrealized appreciation (depreciation) on swap agreements. Upon entering into a centrally cleared swap, a fund is required to deposit cash or securities (initial margin) with a financial intermediary in an amount equal to a certain percentage of the notional amount. A fund may incur charges or earn income on cash deposit balances, which are reflected in interest expenses or interest income, respectively. Subsequent payments (variation margin) are made or received daily,

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in cash, by a fund. The variation margin is equal to the daily change in the value and is a component of unrealized gains and losses. Realized gain or loss is recorded upon receipt or payment of a periodic settlement or termination of swap agreements. Net realized and unrealized gains or losses occurring during the holding period of swap agreements are a component of net realized gain (loss) on swap agreement transactions and change in net unrealized appreciation (depreciation) on swap agreements, respectively. The average notional exposure to interest rate risk derivative instruments held during the period was as follows:

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| | |
|:---|:---|
| Emerging Markets Debt Fund | $25895676 |
| Global Bond Fund | $6423 |

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**Counterparty Risk —** A fund is subject to counterparty risk, or the risk that an institution will fail to perform its contractual obligations. The investment advisor attempts to minimize counterparty risk prior to entering into transactions by performing extensive reviews of the creditworthiness of all potential counterparties. A fund may also enter into agreements that provide provisions for legally enforceable master netting arrangements to manage the credit risk between counterparties related to forward foreign currency exchange contracts and/or over-the-counter swap agreements. A master netting arrangement provides for the net settlement of multiple contracts with a single counterparty through a single payment in the event of default or termination of any one contract. To mitigate counterparty risk, a fund may receive assets or be required to pledge assets at the custodian bank or with a broker as designated under prescribed collateral provisions.

**7. Risk Factors**

The overall risk profile of a fund will be impacted by the fund's investment strategy, including the investment vehicles and techniques utilized to manage a portfolio. The net asset value of a fund will go up and down, sometimes rapidly or unpredictably, based on the performance of the securities owned by the fund and other factors generally affecting the securities market. Market risks, including political, regulatory, economic and social developments, can affect the value of a fund's investments. Natural disasters, public health emergencies, war, terrorism and other unforeseeable events may lead to increased market volatility and may have adverse long-term effects on world economies and markets generally.

The majority of Emerging Markets Debt Fund and Global Bond Fund are owned by a relatively small number of shareholders. To the extent that a large shareholder (including another account advised by the investment advisor) invests in these funds, the funds may experience relatively large redemptions as such shareholder reallocates its assets. In the event of a large shareholder redemption, the ongoing operations of Emerging Markets Debt Fund and Global Bond Fund may be at risk.

**8. Federal Tax Information**

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| | | | | |
|:---|:---|:---|:---|:---|
| The tax character of distributions paid during the years ended October 31, 2025 and October 31, 2024 were as follows: | The tax character of distributions paid during the years ended October 31, 2025 and October 31, 2024 were as follows: | The tax character of distributions paid during the years ended October 31, 2025 and October 31, 2024 were as follows: | The tax character of distributions paid during the years ended October 31, 2025 and October 31, 2024 were as follows: | The tax character of distributions paid during the years ended October 31, 2025 and October 31, 2024 were as follows: |
|  | **2025** | **2025** | **2024** | **2024** |
|  | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** |
|  | **Ordinary<br>Income** | **Long-term<br>Capital Gains** | **Ordinary<br>Income** | **Long-term<br>Capital Gains** |
| Emerging Markets Debt Fund | $35779111 |  | $39967429 |  |
| Global Bond Fund | $143790892 |  | $98448016 |  |

---

The book-basis character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. These differences reflect the differing character of certain income items and net realized gains and losses for financial statement and tax purposes, and may result in reclassification among certain capital accounts on the financial statements.

As of period end, the federal tax cost of investments and the components of distributable earnings on a tax-basis were as follows:

---

| | | |
|:---|:---|:---|
| | **Emerging Markets Debt Fund** | **Global Bond Fund** |
| Federal tax cost of investments | $479005389 | $2665054734 |
| Gross tax appreciation of investments | $36432276 | $56468111 |
| Gross tax depreciation of investments | (4195269) | (95379164) |
| Net tax appreciation (depreciation) of investments | 32237007 | (38911053) |
| Net tax appreciation (depreciation) on derivatives and translation of assets and liabilities in foreign currencies | 225340 | (627702) |
| Net tax appreciation (depreciation) | $32462347 | $(39538755) |
| Other book-to-tax adjustments | $(895627) | $(382665) |
| Undistributed ordinary income | $1690181 | $34530661 |
| Accumulated short-term capital losses | $(57394741) | $(82155063) |
| Accumulated long-term capital losses | $(46299317) | $(192908334) |

---

The difference between book-basis and tax-basis unrealized appreciation (depreciation), if any, is attributable primarily to the realization for tax purposes of unrealized gains (losses) on certain foreign currency exchange contracts and hyperinflationary-denominated bonds. Other book-to-tax adjustments are attributable primarily to the tax deferral of losses on straddle positions.

------

Accumulated capital losses represent net capital loss carryovers that may be used to offset future realized capital gains for federal income tax purposes. The capital loss carryovers may be carried forward for an unlimited period. Future capital loss carryover utilization in any given year may be subject to Internal Revenue Code limitations.

------

Financial Highlights

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | | | | | |
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset**<br>**Value,**<br>**Beginning**<br>**of Period** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<sup>(1)</sup> | **Net**<br>**Realized**<br>**and**<br>**Unrealized**<br>**Gain (Loss)** | **Total From**<br>**Investment**<br>**Operations** | **Distributions**<br>**From**<br>**Net**<br>**Investment**<br>**Income** | **Net Asset**<br>**Value,**<br>**End**<br>**of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating<br>Expenses** | **Operating**<br>**Expenses**<br>**(before**<br>**expense**<br>**waiver)** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<br>**(before**<br>**expense**<br>**waiver)** | **Portfolio**<br>**Turnover**<br>**Rate** | **Net**<br>**Assets,**<br>**End of**<br>**Period**<br>**(in**<br>**thousands)** |
| **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** |
| **Investor Class** | **Investor Class** | | | | | | | | | | | | |
| 2025 | $8.92 | 0.54 | 0.51 | 1.05 | (0.50) | $9.47 | 12.16% | 0.95% | 0.99% | 6.01% | 5.97% | 105% | $93034 |
| 2024 | $8.36 | 0.50 | 0.56 | 1.06 | (0.50) | $8.92 | 12.78% | 0.95% | 0.98% | 5.60% | 5.57% | 98% | $88007 |
| 2023 | $8.22 | 0.48 | 0.10 | 0.58 | (0.44) | $8.36 | 6.95% | 1.00% | 1.01% | 5.54% | 5.53% | 66% | $86778 |
| 2022 | $10.48 | 0.43 | (2.49) | (2.06) | (0.20) | $8.22 | (19.89)% | 0.98% | 0.98% | 4.70% | 4.70% | 125% | $85456 |
| 2021 | $10.32 | 0.40 | 0.15 | 0.55 | (0.39) | $10.48 | 5.29% | 0.97% | 0.97% | 3.77% | 3.77% | 51% | $103626 |
| **I Class** | **I Class** | **I Class** |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $8.93 | 0.55 | 0.51 | 1.06 | (0.51) | $9.48 | 12.26% | 0.85% | 0.89% | 6.11% | 6.07% | 105% | $3292 |
| 2024 | $8.37 | 0.51 | 0.55 | 1.06 | (0.50) | $8.93 | 12.88% | 0.85% | 0.88% | 5.70% | 5.67% | 98% | $4190 |
| 2023 | $8.22 | 0.49 | 0.11 | 0.60 | (0.45) | $8.37 | 7.19% | 0.90% | 0.91% | 5.64% | 5.63% | 66% | $5237 |
| 2022 | $10.47 | 0.44 | (2.48) | (2.04) | (0.21) | $8.22 | (19.74)% | 0.88% | 0.88% | 4.80% | 4.80% | 125% | $4887 |
| 2021 | $10.32 | 0.41 | 0.14 | 0.55 | (0.40) | $10.47 | 5.30% | 0.87% | 0.87% | 3.87% | 3.87% | 51% | $12356 |
| **Y Class** | **Y Class** | **Y Class** |  |  |  |  |  |  |  |  |  |  |  |
| 2025 | $8.92 | 0.56 | 0.51 | 1.07 | (0.52) | $9.47 | 12.38% | 0.75% | 0.79% | 6.21% | 6.17% | 105% | $34438 |
| 2024 | $8.36 | 0.51 | 0.56 | 1.07 | (0.51) | $8.92 | 13.01% | 0.75% | 0.78% | 5.80% | 5.77% | 98% | $29345 |
| 2023 | $8.22 | 0.50 | 0.10 | 0.60 | (0.46) | $8.36 | 7.17% | 0.80% | 0.81% | 5.74% | 5.73% | 66% | $24197 |
| 2022 | $10.47 | 0.45 | (2.48) | (2.03) | (0.22) | $8.22 | (19.67)% | 0.78% | 0.78% | 4.90% | 4.90% | 125% | $21008 |
| 2021 | $10.32 | 0.42 | 0.14 | 0.56 | (0.41) | $10.47 | 5.40% | 0.77% | 0.77% | 3.97% | 3.97% | 51% | $26539 |
| **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** |
| 2025 | $8.91 | 0.52 | 0.50 | 1.02 | (0.48) | $9.45 | 11.88% | 1.20% | 1.24% | 5.76% | 5.72% | 105% | $270 |
| 2024 | $8.35 | 0.47 | 0.56 | 1.03 | (0.47) | $8.91 | 12.52% | 1.20% | 1.23% | 5.35% | 5.32% | 98% | $273 |
| 2023 | $8.21 | 0.46 | 0.10 | 0.56 | (0.42) | $8.35 | 6.70% | 1.25% | 1.26% | 5.29% | 5.28% | 66% | $239 |
| 2022 | $10.47 | 0.41 | (2.49) | (2.08) | (0.18) | $8.21 | (20.09)% | 1.23% | 1.23% | 4.45% | 4.45% | 125% | $203 |
| 2021 | $10.31 | 0.38 | 0.14 | 0.52 | (0.36) | $10.47 | 5.03% | 1.22% | 1.22% | 3.52% | 3.52% | 51% | $271 |
| **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** |
| 2025 | $8.88 | 0.44 | 0.51 | 0.95 | (0.41) | $9.42 | 10.95% | 1.95% | 1.99% | 5.01% | 4.97% | 105% | $66 |
| 2024 | $8.32 | 0.42 | 0.55 | 0.97 | (0.41) | $8.88 | 11.72% | 1.95% | 1.98% | 4.60% | 4.57% | 98% | $41 |
| 2023 | $8.18 | 0.39 | 0.10 | 0.49 | (0.35) | $8.32 | 5.92% | 2.00% | 2.01% | 4.54% | 4.53% | 66% | $7 |
| 2022 | $10.45 | 0.34 | (2.48) | (2.14) | (0.13) | $8.18 | (20.67)% | 1.98% | 1.98% | 3.70% | 3.70% | 125% | $17 |
| 2021 | $10.29 | 0.30 | 0.14 | 0.44 | (0.28) | $10.45 | 4.25% | 1.97% | 1.97% | 2.77% | 2.77% | 51% | $36 |

---

------

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | | | | | |
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset**<br>**Value,**<br>**Beginning**<br>**of Period** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<sup>(1)</sup> | **Net**<br>**Realized**<br>**and**<br>**Unrealized**<br>**Gain (Loss)** | **Total From**<br>**Investment**<br>**Operations** | **Distributions**<br>**From**<br>**Net**<br>**Investment**<br>**Income** | **Net Asset**<br>**Value,**<br>**End**<br>**of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating<br>Expenses** | **Operating**<br>**Expenses**<br>**(before**<br>**expense**<br>**waiver)** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<br>**(before**<br>**expense**<br>**waiver)** | **Portfolio**<br>**Turnover**<br>**Rate** | **Net**<br>**Assets,**<br>**End of**<br>**Period**<br>**(in**<br>**thousands)** |
| **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** |
| **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** |
| 2025 | $8.90 | 0.49 | 0.51 | 1.00 | (0.46) | $9.44 | 11.61% | 1.45% | 1.49% | 5.51% | 5.47% | 105% | $183 |
| 2024 | $8.34 | 0.45 | 0.56 | 1.01 | (0.45) | $8.90 | 12.12% | 1.45% | 1.48% | 5.10% | 5.07% | 98% | $207 |
| 2023 | $8.20 | 0.44 | 0.10 | 0.54 | (0.40) | $8.34 | 6.56% | 1.50% | 1.51% | 5.04% | 5.03% | 66% | $153 |
| 2022 | $10.46 | 0.39 | (2.49) | (2.10) | (0.16) | $8.20 | (20.29)% | 1.48% | 1.48% | 4.20% | 4.20% | 125% | $148 |
| 2021 | $10.30 | 0.35 | 0.14 | 0.49 | (0.33) | $10.46 | 4.67% | 1.47% | 1.47% | 3.27% | 3.27% | 51% | $161 |
| **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** |
| 2025 | $8.92 | 0.56 | 0.51 | 1.07 | (0.52) | $9.47 | 12.38% | 0.75% | 0.79% | 6.21% | 6.17% | 105% | $48 |
| 2024 | $8.36 | 0.51 | 0.56 | 1.07 | (0.51) | $8.92 | 13.01% | 0.75% | 0.78% | 5.80% | 5.77% | 98% | $43 |
| 2023 | $8.22 | 0.50 | 0.10 | 0.60 | (0.46) | $8.36 | 7.17% | 0.80% | 0.81% | 5.74% | 5.73% | 66% | $62 |
| 2022 | $10.48 | 0.46 | (2.50) | (2.04) | (0.22) | $8.22 | (19.75)% | 0.78% | 0.78% | 4.90% | 4.90% | 125% | $7 |
| 2021 | $10.32 | 0.42 | 0.15 | 0.57 | (0.41) | $10.48 | 5.49% | 0.77% | 0.77% | 3.97% | 3.97% | 51% | $8 |
| **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** |
| 2025 | $8.93 | 0.62 | 0.44 | 1.06 | (0.53) | $9.46 | 12.32% | 0.70% | 0.74% | 6.26% | 6.22% | 105% | $1 |
| 2024 | $8.36 | 0.52 | 0.57 | 1.09 | (0.52) | $8.93 | 12.93% | 0.70% | 0.73% | 5.85% | 5.82% | 98% | $284 |
| 2023 | $8.22 | 0.51 | 0.09 | 0.60 | (0.46) | $8.36 | 7.35% | 0.75% | 0.76% | 5.79% | 5.78% | 66% | $261 |
| 2022 | $10.48 | 0.46 | (2.50) | (2.04) | (0.22) | $8.22 | (19.71)% | 0.73% | 0.73% | 4.95% | 4.95% | 125% | $267 |
| 2021 | $10.32 | 0.43 | 0.14 | 0.57 | (0.41) | $10.48 | 5.56% | 0.72% | 0.72% | 4.02% | 4.02% | 51% | $350 |
| **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** |
| 2025 | $8.93 | 0.63 | 0.51 | 1.14 | (0.59) | $9.48 | 13.20% | 0.03% | 0.74% | 6.93% | 6.22% | 105% | $387355 |
| 2024 | $8.37 | 0.58 | 0.56 | 1.14 | (0.58) | $8.93 | 13.82% | 0.02% | 0.73% | 6.53% | 5.82% | 98% | $510297 |
| 2023 | $8.23 | 0.57 | 0.09 | 0.66 | (0.52) | $8.37 | 7.97% | 0.05% | 0.76% | 6.49% | 5.78% | 66% | $490377 |
| 2022 | $10.47 | 0.52 | (2.48) | (1.96) | (0.28) | $8.23 | (19.02)% | 0.02% | 0.73% | 5.66% | 4.95% | 125% | $433025 |
| 2021 | $10.32 | 0.50 | 0.14 | 0.64 | (0.49) | $10.47 | 6.20% | 0.01% | 0.72% | 4.73% | 4.02% | 51% | $578327 |

---

**Notes to Financial Highlights**

(1)Computed using average shares outstanding throughout the period.

(2)Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized.

\*The amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations or precisely reflect the class expense differentials due to the timing of transactions in shares of a fund in relation to income earned and/or fluctuations in the fair value of a fund's investments.

†Ratios for periods less than one year are annualized. Zero balances may reflect amounts less than 0.005%.

See Notes to Financial Statements.

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | | | | | |
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Distributions From:** | **Distributions From:** | **Distributions From:** | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset**<br>**Value,**<br>**Beginning**<br>**of Period** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<sup>(1)</sup> | **Net**<br>**Realized**<br>**and**<br>**Unrealized**<br>**Gain (Loss)** | **Total From**<br>**Investment**<br>**Operations** | **Net<br>Investment<br>Income** | **Net<br>Realized<br>Gains** | **Total<br>Distributions** | **Net Asset**<br>**Value,**<br>**End**<br>**of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating<br>Expenses** | **Operating<br>Expenses<br>(before<br>expense<br>waiver)** | **Net<br>Investment<br>Income<br>(Loss)** | **Net<br>Investment<br>Income<br>(Loss)<br>(before<br>expense<br>waiver)** | **Portfolio<br>Turnover<br>Rate** | **Net**<br>**Assets,**<br>**End of**<br>**Period**<br>**(in**<br>**thousands)** |
| **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** |
| **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** | **Investor Class** |
| 2025 | $8.76 | 0.35 | 0.08 | 0.43 | (0.35) |  | (0.35) | $8.84 | 5.20% | 0.85% | 0.85% | 3.97% | 3.97% | 145% | $366370 |
| 2024 | $8.18 | 0.31 | 0.49 | 0.80 | (0.22) |  | (0.22) | $8.76 | 9.83% | 0.85% | 0.85% | 3.59% | 3.59% | 103% | $365036 |
| 2023 | $8.67 | 0.25 | (0.24) | 0.01 | (0.50) |  | (0.50) | $8.18 | 0.03% | 0.81% | 0.84% | 2.96% | 2.93% | 83% | $258405 |
| 2022 | $10.43 | 0.17 | (1.60) | (1.43) | (0.26) | (0.07) | (0.33) | $8.67 | (14.05)% | 0.80% | 0.84% | 1.81% | 1.77% | 97% | $252306 |
| 2021 | $10.40 | 0.15 | (0.09) | 0.06 |  | (0.03) | (0.03) | $10.43 | 0.59% | 0.80% | 0.84% | 1.46% | 1.42% | 119% | $298790 |
| **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** | **I Class** |
| 2025 | $8.79 | 0.36 | 0.10 | 0.46 | (0.37) |  | (0.37) | $8.88 | 5.31% | 0.75% | 0.75% | 4.07% | 4.07% | 145% | $205537 |
| 2024 | $8.21 | 0.32 | 0.49 | 0.81 | (0.23) |  | (0.23) | $8.79 | 9.87% | 0.75% | 0.75% | 3.69% | 3.69% | 103% | $190966 |
| 2023 | $8.70 | 0.28 | (0.26) | 0.02 | (0.51) |  | (0.51) | $8.21 | 0.13% | 0.71% | 0.74% | 3.06% | 3.03% | 83% | $169387 |
| 2022 | $10.46 | 0.18 | (1.60) | (1.42) | (0.27) | (0.07) | (0.34) | $8.70 | (13.93)% | 0.70% | 0.74% | 1.91% | 1.87% | 97% | $5919 |
| 2021 | $10.42 | 0.17 | (0.10) | 0.07 | —<sup>(3)</sup> | (0.03) | (0.03) | $10.46 | 0.70% | 0.70% | 0.74% | 1.56% | 1.52% | 119% | $18975 |
| **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** | **Y Class** |
| 2025 | $8.81 | 0.37 | 0.09 | 0.46 | (0.38) |  | (0.38) | $8.89 | 5.44% | 0.65% | 0.65% | 4.17% | 4.17% | 145% | $105857 |
| 2024 | $8.22 | 0.33 | 0.49 | 0.82 | (0.23) |  | (0.23) | $8.81 | 10.07% | 0.65% | 0.65% | 3.79% | 3.79% | 103% | $96014 |
| 2023 | $8.71 | 0.27 | (0.24) | 0.03 | (0.52) |  | (0.52) | $8.22 | 0.23% | 0.61% | 0.64% | 3.16% | 3.13% | 83% | $57340 |
| 2022 | $10.48 | 0.19 | (1.61) | (1.42) | (0.28) | (0.07) | (0.35) | $8.71 | (13.91)% | 0.60% | 0.64% | 2.01% | 1.97% | 97% | $53201 |
| 2021 | $10.44 | 0.18 | (0.10) | 0.08 | (0.01) | (0.03) | (0.04) | $10.48 | 0.80% | 0.60% | 0.64% | 1.66% | 1.62% | 119% | $62274 |
| **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** | **A Class** |
| 2025 | $8.69 | 0.32 | 0.10 | 0.42 | (0.33) |  | (0.33) | $8.78 | 4.90% | 1.10% | 1.10% | 3.72% | 3.72% | 145% | $1293 |
| 2024 | $8.12 | 0.29 | 0.48 | 0.77 | (0.20) |  | (0.20) | $8.69 | 9.57% | 1.10% | 1.10% | 3.34% | 3.34% | 103% | $1423 |
| 2023 | $8.62 | 0.23 | (0.25) | (0.02) | (0.48) |  | (0.48) | $8.12 | (0.34)% | 1.06% | 1.09% | 2.71% | 2.68% | 83% | $1305 |
| 2022 | $10.36 | 0.15 | (1.59) | (1.44) | (0.23) | (0.07) | (0.30) | $8.62 | (14.17)% | 1.05% | 1.09% | 1.56% | 1.52% | 97% | $1144 |
| 2021 | $10.36 | 0.13 | (0.10) | 0.03 |  | (0.03) | (0.03) | $10.36 | 0.30% | 1.05% | 1.09% | 1.21% | 1.17% | 119% | $1450 |
| **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** | **C Class** |
| 2025 | $8.49 | 0.25 | 0.09 | 0.34 | (0.24) |  | (0.24) | $8.59 | 4.11% | 1.85% | 1.85% | 2.97% | 2.97% | 145% | $67 |
| 2024 | $7.95 | 0.21 | 0.48 | 0.69 | (0.15) |  | (0.15) | $8.49 | 8.76% | 1.85% | 1.85% | 2.59% | 2.59% | 103% | $88 |
| 2023 | $8.46 | 0.16 | (0.23) | (0.07) | (0.44) |  | (0.44) | $7.95 | (1.01)% | 1.81% | 1.84% | 1.96% | 1.93% | 83% | $177 |
| 2022 | $10.18 | 0.07 | (1.56) | (1.49) | (0.16) | (0.07) | (0.23) | $8.46 | (14.89)% | 1.80% | 1.84% | 0.81% | 0.77% | 97% | $256 |
| 2021 | $10.26 | 0.05 | (0.10) | (0.05) |  | (0.03) | (0.03) | $10.18 | (0.48)% | 1.80% | 1.84% | 0.46% | 0.42% | 119% | $571 |

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | **For a Share Outstanding Throughout the Years Ended October 31 (except as noted)** | | | | | |
| **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Per-Share Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** | **Ratios and Supplemental Data** |
| | | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Income From Investment Operations\*:** | **Distributions From:** | **Distributions From:** | **Distributions From:** | | | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | **Ratio to Average Net Assets of**<sup>†</sup>**:** | | |
| | **Net Asset**<br>**Value,**<br>**Beginning**<br>**of Period** | **Net**<br>**Investment**<br>**Income**<br>**(Loss)**<sup>(1)</sup> | **Net**<br>**Realized**<br>**and**<br>**Unrealized**<br>**Gain (Loss)** | **Total From**<br>**Investment**<br>**Operations** | **Net<br>Investment<br>Income** | **Net<br>Realized<br>Gains** | **Total<br>Distributions** | **Net Asset**<br>**Value,**<br>**End**<br>**of Period** | **Total**<br>**Return**<sup>(2)</sup> | **Operating<br>Expenses** | **Operating<br>Expenses<br>(before<br>expense<br>waiver)** | **Net<br>Investment<br>Income<br>(Loss)** | **Net<br>Investment<br>Income<br>(Loss)<br>(before<br>expense<br>waiver)** | **Portfolio<br>Turnover<br>Rate** | **Net**<br>**Assets,**<br>**End of**<br>**Period**<br>**(in**<br>**thousands)** |
| **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** | **Global Bond Fund** |
| **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** | **R Class** |
| 2025 | $8.63 | 0.30 | 0.09 | 0.39 | (0.30) |  | (0.30) | $8.72 | 4.60% | 1.35% | 1.35% | 3.47% | 3.47% | 145% | $265 |
| 2024 | $8.07 | 0.27 | 0.48 | 0.75 | (0.19) |  | (0.19) | $8.63 | 9.30% | 1.35% | 1.35% | 3.09% | 3.09% | 103% | $207 |
| 2023 | $8.56 | 0.20 | (0.23) | (0.03) | (0.46) |  | (0.46) | $8.07 | (0.47)% | 1.31% | 1.34% | 2.46% | 2.43% | 83% | $123 |
| 2022 | $10.30 | 0.12 | (1.58) | (1.46) | (0.21) | (0.07) | (0.28) | $8.56 | (14.47)% | 1.30% | 1.34% | 1.31% | 1.27% | 97% | $260 |
| 2021 | $10.32 | 0.10 | (0.09) | 0.01 |  | (0.03) | (0.03) | $10.30 | 0.11% | 1.30% | 1.34% | 0.96% | 0.92% | 119% | $287 |
| **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** | **R5 Class** |
| 2025 | $8.79 | 0.37 | 0.09 | 0.46 | (0.38) |  | (0.38) | $8.87 | 5.33% | 0.65% | 0.65% | 4.17% | 4.17% | 145% | $597 |
| 2024 | $8.20 | 0.33 | 0.49 | 0.82 | (0.23) |  | (0.23) | $8.79 | 10.09% | 0.65% | 0.65% | 3.79% | 3.79% | 103% | $5529 |
| 2023 | $8.70 | 0.27 | (0.25) | 0.02 | (0.52) |  | (0.52) | $8.20 | 0.12% | 0.61% | 0.64% | 3.16% | 3.13% | 83% | $5760 |
| 2022 | $10.46 | 0.19 | (1.60) | (1.41) | (0.28) | (0.07) | (0.35) | $8.70 | (13.84)% | 0.60% | 0.64% | 2.01% | 1.97% | 97% | $11116 |
| 2021 | $10.42 | 0.17 | (0.09) | 0.08 | (0.01) | (0.03) | (0.04) | $10.46 | 0.80% | 0.60% | 0.64% | 1.66% | 1.62% | 119% | $15136 |
| **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** | **R6 Class** |
| 2025 | $8.79 | 0.37 | 0.09 | 0.46 | (0.38) |  | (0.38) | $8.87 | 5.52% | 0.60% | 0.60% | 4.22% | 4.22% | 145% | $6609 |
| 2024 | $8.20 | 0.33 | 0.49 | 0.82 | (0.23) |  | (0.23) | $8.79 | 10.13% | 0.60% | 0.60% | 3.84% | 3.84% | 103% | $7073 |
| 2023 | $8.70 | 0.27 | (0.25) | 0.02 | (0.52) |  | (0.52) | $8.20 | 0.17% | 0.56% | 0.59% | 3.21% | 3.18% | 83% | $6465 |
| 2022 | $10.46 | 0.20 | (1.61) | (1.41) | (0.28) | (0.07) | (0.35) | $8.70 | (13.79)% | 0.55% | 0.59% | 2.06% | 2.02% | 97% | $6179 |
| 2021 | $10.42 | 0.18 | (0.09) | 0.09 | (0.02) | (0.03) | (0.05) | $10.46 | 0.86% | 0.55% | 0.59% | 1.71% | 1.67% | 119% | $7319 |
| **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** | **G Class** |
| 2025 | $8.83 | 0.42 | 0.10 | 0.52 | (0.45) |  | (0.45) | $8.90 | 6.03% | 0.02% | 0.60% | 4.80% | 4.22% | 145% | $1942711 |
| 2024 | $8.22 | 0.38 | 0.50 | 0.88 | (0.27) |  | (0.27) | $8.83 | 10.83% | 0.02% | 0.60% | 4.42% | 3.84% | 103% | $2563003 |
| 2023 | $8.72 | 0.32 | (0.25) | 0.07 | (0.57) |  | (0.57) | $8.22 | 0.72% | 0.01% | 0.59% | 3.76% | 3.18% | 83% | $2018795 |
| 2022 | $10.48 | 0.25 | (1.61) | (1.36) | (0.33) | (0.07) | (0.40) | $8.72 | (13.30)% | 0.01% | 0.59% | 2.60% | 2.02% | 97% | $1596902 |
| 2021 | $10.46 | 0.24 | (0.10) | 0.14 | (0.09) | (0.03) | (0.12) | $10.48 | 1.35% | 0.01% | 0.59% | 2.25% | 1.67% | 119% | $2089178 |

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**Notes to Financial Highlights**

(1)Computed using average shares outstanding throughout the period.

(2)Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized.

(3)Per-share amount was less than $0.005.

\*The amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations or precisely reflect the class expense differentials due to the timing of transactions in shares of a fund in relation to income earned and/or fluctuations in the fair value of a fund's investments.

†Ratios for periods less than one year are annualized. Zero balances may reflect amounts less than 0.005%.

See Notes to Financial Statements.

------

Report of Independent Registered Public Accounting Firm

To the shareholders and the Board of Trustees of American Century International Bond Funds:

**Opinion on the Financial Statements and Financial Highlights** 

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Emerging Markets Debt Fund and Global Bond Fund (the "Funds"), each a series of American Century International Bond Funds, as of October 31, 2025, the related statements of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the four years in the period then ended, and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2025, and the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the four years in the period then ended, in conformity with accounting principles generally accepted in the United States of America. The financial highlights for the year ended October 31, 2021, were audited by other auditors, whose report, dated December 17, 2021, expressed an unqualified opinion on such financial highlights.

**Basis for Opinion** 

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2025, by correspondence with the custodian, brokers, and agent banks; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Kansas City, Missouri

December 18, 2025

We have served as the auditor of one or more American Century investment companies since 1997.

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Approval of Management Agreement

At a meeting held on June 17, 2025, the Funds' Board of Trustees (the "Board") unanimously approved the renewal of the management agreement pursuant to which American Century Investment Management, Inc. (the "Advisor") acts as the investment advisor for each Fund. Under the Investment Company Act of 1940 (the "Investment Company Act"), contracts for investment advisory services are required to be reviewed, evaluated, and approved by a majority of a fund's Trustees, including a majority of the independent Trustees. The Board regards this annual evaluation and renewal as one of its most important responsibilities.

The independent Trustees have memorialized a statement regarding the relationship between their ongoing obligations to oversee and evaluate the performance of the Advisor and their annual consideration of renewal of the management agreement. In that statement, the independent Trustees noted that their assessment of the Advisor's performance is an ongoing process that takes place over the entire year and is informed by all of the extensive information that the Board and its committees receive and consider over time. This information, together with the additional materials provided specifically in connection with the review, are central to the Board's assessment of the Advisor's performance and its determination whether to renew the Funds' management agreement.

Prior to its consideration of the renewal of the management agreement, the Board requested and reviewed data and analysis relating to the proposed renewal. This information and analysis was compiled by the Advisor and certain independent data providers concerning the Funds.

In connection with its consideration of the renewal of the management agreement, the Board's review and evaluation of the services provided by the Advisor and its affiliates included, but was not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the nature, extent, and quality of investment management, shareholder services, distribution services, and other services provided to the Funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the wide range of programs and services the Advisor and other service providers provide to the Funds and their shareholders on a routine and non-routine basis;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• each Fund's investment performance compared to appropriate benchmarks and/or peer groups of other mutual funds with similar investment objectives and strategies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the cost of owning the Funds compared to the cost of owning similarly-managed funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Advisor's compliance policies, procedures, and regulatory experience and those of certain other service providers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Advisor's strategic plans, generally, and with respect to the Advisor's response to investment management industry challenges;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Advisor's business continuity plans, vendor management practices, and information security practices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the cost of services provided to the Funds, the profitability of the Funds to the Advisor, and the Advisor's financial results of operation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• possible economies of scale associated with the Advisor's management of the Funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any collateral benefits derived by the Advisor from the management of the Funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• fees and expenses associated with any investment by the Funds in other funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• payments to intermediaries by the Funds and the Advisor and services provided by intermediaries in connection therewith; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• services provided and charges to the Advisor's other investment management clients.

In keeping with its practice, the Board held two meetings and the independent Trustees met in private sessions to discuss the renewal and to review and discuss the information provided in response to their request. The Board held active discussions with the Advisor regarding the renewal of the management agreement. The independent Trustees had the benefit of the advice of their independent counsel throughout the process.

**Factors Considered** 

The Trustees considered all of the information provided by the Advisor, the independent data providers, and the independent Trustees' independent counsel in connection with the approval. They determined that the information was sufficient for them to evaluate the management agreement for the Funds. In connection with their review, the Trustees did not identify any single factor as being all-important or controlling and each Trustee may have attributed different levels of importance to different factors. In deciding to renew the management agreement, the Board based its decision on a number of factors, including the following:

**Nature, Extent and Quality of Services — Generally.** Under the management agreement, the Advisor is responsible for providing or arranging for all services necessary for the operation of each Fund. The Board noted that the Advisor provides or arranges at its own expense a wide variety of services including, but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• constructing and designing each Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• portfolio research and security selection

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• initial capitalization/funding

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• securities trading

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fund administration

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• custody of Fund assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• daily valuation of each Fund's portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• liquidity monitoring and management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risk management, including information security

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• shareholder servicing and transfer agency, including shareholder confirmations, recordkeeping, and communications

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• legal services (except the independent Trustees' counsel)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• regulatory and portfolio compliance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• financial reporting

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• marketing and distribution (except amounts paid by each Fund under Rule 12b-1 plans)

The Board noted that many of these services have expanded over time in terms of both quantity and complexity in response to shareholder demands, competition in the industry, changing distribution channels, and the changing regulatory environment.

**Investment Management Services.** The nature of the investment management services provided to the Funds is quite complex and allows Fund shareholders access to professional money management, instant diversification of their investments, the opportunity to easily diversify among asset classes by investing in or exchanging among various American Century Investments funds, and liquidity. In evaluating investment performance, the Board expects the Advisor to manage each Fund in accordance with its investment objectives and principal investment strategies. Further, the Trustees recognize that the Advisor has an obligation to seek the best execution of fund trades. In providing these services, the Advisor utilizes teams of investment professionals who require extensive information technology, research, training, compliance, and other systems to conduct their business. The Board, directly and through its Portfolio Committee, regularly reviews investment performance information for each Fund, together with comparative information for appropriate benchmarks and/or peer groups of similarly-managed funds, over different time horizons. The Trustees also review investment performance information during the management agreement renewal process. If performance concerns are identified, a Fund receives special reviews until performance improves, during which the Board discusses with the Advisor the reasons for such results and any actions being taken to improve performance. The Board found the investment management services provided by the Advisor to each Fund to be satisfactory and consistent with the management agreement.

**Shareholder and Other Services.** Under the management agreement, the Advisor, either directly or through affiliates or third parties, provides the Funds with a comprehensive package of transfer agency, shareholder, and other services. The Board, directly and through its various committees, regularly reviews reports and evaluations of such services at its regular meetings. These reports include, but are not limited to, information regarding the operational efficiency and accuracy of the shareholder and transfer agency services provided, staffing levels, shareholder satisfaction, technology support (including information security), new products and services offered to Fund shareholders, securities trading activities, portfolio valuation services, risk management, auditing services, and legal and operational compliance activities. The Board found the services provided by the Advisor to each Fund under the management agreement to be competitive and of high quality.

**Costs of Services and Profitability.** The Advisor provides detailed information concerning its cost of providing various services to the Funds, its profitability in managing each Fund, and its financial results of operation. The Trustees have reviewed with the Advisor the methodology used to prepare this financial information. This information is considered in evaluating the Advisor's financial condition, its ability to continue to provide services under the management agreement, and the reasonableness of the terms of the current management agreement. The Board concluded that the Advisor's profits were reasonable in light of the services provided to the Funds.

**Ethics.** The Board generally considers the Advisor's commitment to providing quality services to shareholders and to conducting its business ethically. They noted that the Advisor's practices generally meet or exceed industry best practices.

**Economies of Scale.** The Board also reviewed information provided by the Advisor regarding the possible existence of economies of scale in connection with the management of each Fund. The Board concluded that economies of scale are difficult to measure and predict with precision, especially on a fund-by-fund basis. The Board concluded that the Advisor is appropriately sharing economies of scale, to the extent they exist, through its fee structure and through reinvestment in its business, infrastructure, investment capabilities and initiatives to provide shareholders enhanced and expanded services.

**Comparison to Other Funds' Fees.** The management agreement provides that each Fund pays the Advisor a single, all-inclusive (or unified) management fee for providing all services necessary for the management and operation of each Fund, other than brokerage and other transaction fees and expenses relating to acquisition and disposition of portfolio securities, acquired fund fees and expenses, taxes, interest, extraordinary expenses, fund litigation expenses, fees and expenses of the Funds' independent Trustees (including their independent legal counsel), and expenses incurred in connection with the provision of shareholder services and distribution services under a plan adopted pursuant to Investment Company Act Rule 12b-1. Under this unified fee structure, the Advisor is responsible for providing investment advisory, custody, audit, administrative, compliance, recordkeeping, marketing, and shareholder services, or arranging and supervising third parties to provide such services. By contrast, most other funds are charged a variety of fees, including an investment advisory fee, a transfer agency fee, an administrative fee, and other expenses. Other than their investment advisory fees and any applicable Rule 12b-1 distribution fees, all other components of the total fees charged by these other funds may be increased without shareholder approval. The Board believes the unified fee

------

structure is a benefit to Fund shareholders because it clearly discloses to shareholders the cost of owning Fund shares, and, since the unified fee cannot be increased without a vote of Fund shareholders, it shifts to the Advisor the risk of increased costs of operating each Fund and provides a direct incentive to minimize administrative inefficiencies. Part of the Board's analysis of fee levels involves reviewing certain evaluative data compiled by an independent provider comparing each Fund's unified fee to the total expense ratio of peer funds. The Board concluded that the management fee paid by each Fund to the Advisor under the management agreement is reasonable in light of the services provided to the Fund.

**Comparison to Fees and Services Provided to Other Clients of the Advisor.** The Board also requested and received information from the Advisor concerning the nature of the services, fees, costs, and profitability of its advisory services to advisory clients other than the Funds. They observed that these varying types of client accounts require different services and involve different regulatory and entrepreneurial risks than the management of the Funds. The Board analyzed this information and concluded that the fees charged and services provided to the Funds were reasonable by comparison.

**Payments to Intermediaries.** The Trustees also requested and received a description of payments made to intermediaries by the Fund and the Advisor and services provided by intermediaries. These payments include various payments made by each Fund or the Advisor to different types of intermediaries and recordkeepers for distribution and service activities provided with respect to each Fund. The Trustees reviewed such information and received representations from the Advisor that all such payments by the Funds were made pursuant to the Funds' Rule 12b-1 Plan and that all such payments by the Advisor were made from the Advisor's resources and reasonable profits.

**Collateral or "Fall-Out" Benefits Derived by the Advisor.** The Board considered the possible existence of collateral benefits the Advisor may receive as a result of its relationship with the Funds. The Board noted that the Advisor's primary business is managing funds and it generally does not use fund or shareholder information to generate profits in other lines of business, and therefore does not derive any significant collateral benefits from them. The Board noted that the Advisor may receive proprietary research from broker-dealers that execute fund portfolio transactions. The Board also determined that the Advisor is able to provide investment management services to certain clients other than the Funds, at least in part, due to its existing infrastructure built to serve the fund complex. Where applicable, assets of other client accounts are included with the assets of certain Funds to determine breakpoints in each such Fund's management fee schedule.

**Existing Relationship.** The Board also considered whether there was any reason for not continuing the existing arrangement with the Advisor. In this regard, the Board was mindful of the potential disruptions of the Funds' operations and various risks, uncertainties, and other effects that could occur as a result of a decision not to continue such relationship. In particular, the Board recognized that most shareholders have invested in the Funds on the strength of the Advisor's industry standing and reputation and in the expectation that the Advisor will have a continuing role in providing advisory services to the Funds.

Set forth below are certain of the Fund-specific factors that the Board considered in addition to the other factors described herein:

**Emerging Markets Debt Fund** - The Fund's performance was above its benchmark for the one-, three-, and ten-year periods and below its benchmark for the five-year period reviewed by the Board. The unified fee charged to shareholders of the Fund was above the median of the total expense ratios of the Fund's peer expense group. The Board and the Advisor agreed to a temporary reduction of the Fund's annual unified management fee of 0.08% (e.g., the Investor Class unified fee will be reduced from 0.96% to 0.88%) for at least one year, beginning August 1, 2025.

**Global Bond Fund** - The Fund's performance was above its benchmark for the ten-year period and below its benchmark for the one-, three-, and five-year periods reviewed by the Board. The unified fee charged to shareholders of the Fund was below the median of the total expense ratios of the Fund's peer expense group.

**Conclusion of the Trustees.** As a result of this process, the Board, including all of the independent Trustees, taking into account all of the factors discussed above and the information provided by the Advisor and others in connection with its review and received over time, concluded that the terms of the management agreement are fair and reasonable and that the management fees charged to the Funds are reasonable in light of the services provided and that the management agreement between the Funds and the Advisor should be renewed for an additional one-year period.

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| | |
|:---|:---|
| Contact Us | americancentury.com |
| Automated Information Line | 1-800-345-8765 |
| Investor Services Representative | 1-800-345-2021<br>or 816-531-5575 |
| Banks and Trust Companies, Broker-Dealers,<br>Financial Professionals, Insurance Companies | 1-800-345-6488 |
| *This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus.* | *This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus.* |
| **©2025 American Century Proprietary Holdings, Inc. All rights reserved.<br>CL-ANN-90984 2512** | **©2025 American Century Proprietary Holdings, Inc. All rights reserved.<br>CL-ANN-90984 2512** |

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(b) The information required by Item 13 of Form N-1A is included as part of the financial statements filed under Item 7(a) of this Form.

**ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

None.

**ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

None.

**ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

The remuneration paid to directors, officers and others is included as part of the financial statements and other information filed under Item 7 of this Form.

**ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.**

A statement regarding the basis for the board of directors' approval of the investment advisory contract is included as part of the financial statements and other information filed under Item 7 of this Form.<br>

**ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable.

**ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable.

**ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.**

Not applicable.

**ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.**

During the reporting period, there were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board.

**ITEM 16. CONTROLS AND PROCEDURES.**

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(a) The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

**ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable.

**ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.**

(a) Not applicable.

(b) Not applicable.

**ITEM 19. EXHIBITS.** 

(a)(1) <u>[Registrant's Code of Ethics](https://www.sec.gov/Archives/edgar/data/1293210/000129321005000017/ex-coe.htm)</u> for Senior Financial Officers, which is the subject of the disclosure required by Item 2 of Form N-CSR, was filed as Exhibit 12(a)(1) to American Century Asset Allocation Portfolios, Inc.'s Certified Shareholder Report on Form N-CSR, File No. 811-21591, on September 29, 2005.

(a)(2) Not applicable.

(a)(3) <u>[Separate certifications by the registrant's principal executive officer and principal financial officer](acibfex-99cert.htm)</u>, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are filed and attached hereto as EX-99.CERT.

(a)(4) Not applicable.

(a)(5) Not applicable.

(b) <u>[A certification by the registrant's chief executive officer and chief financial officer](acibfex-99906cert.htm)</u>, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, is furnished and attached hereto as EX-99.906CERT.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | |
|:---|:---|:---|
| Registrant: | American Century International Bond Funds | American Century International Bond Funds |
| By: | /s/ Patrick Bannigan | /s/ Patrick Bannigan |
|  | Name: | Patrick Bannigan |
|  | Title: | President |
| Date: | December 23, 2025 | December 23, 2025 |

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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

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| | | |
|:---|:---|:---|
| By: | /s/ Patrick Bannigan | /s/ Patrick Bannigan |
|  | Name: | Patrick Bannigan |
|  | Title: | President |
|  |  | (principal executive officer) |
| Date: | December 23, 2025 | December 23, 2025 |

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| | | |
|:---|:---|:---|
| By: | /s/ R. Wes Campbell | /s/ R. Wes Campbell |
|  | Name: | R. Wes Campbell |
|  | Title: | Treasurer and |
|  |  | Chief Financial Officer |
|  |  | (principal financial officer) |
| Date: | December 23, 2025 | December 23, 2025 |

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## Ex-99

EX-99.CERT

CERTIFICATIONS

I, Patrick Bannigan, certify that:

1. I have reviewed this report on Form N-CSR of American Century International Bond Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

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| | |
|:---|:---|
| Date: | December 23, 2025 |
| /s/ Patrick Bannigan | /s/ Patrick Bannigan |
| Patrick Bannigan | Patrick Bannigan |
| President | President |
| (principal executive officer) | (principal executive officer) |

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------

I, R. Wes Campbell, certify that:

1. I have reviewed this report on Form N-CSR of American Century International Bond Funds;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

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| | |
|:---|:---|
| Date: | December 23, 2025 |
| /s/ R. Wes Campbell | /s/ R. Wes Campbell |
| R. Wes Campbell | R. Wes Campbell |
| Treasurer and Chief Financial Officer | Treasurer and Chief Financial Officer |
| (principal financial officer) | (principal financial officer) |

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## Exhibit 99.906

EX-99.906CERT

**CERTIFICATION** 

**<u>PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</u>**

In connection with the shareholder report of American Century International Bond Funds (the "Registrant") on Form N-CSR for the period ending October 31, 2025 (the "Report"), we, the undersigned, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

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| | | | |
|:---|:---|:---|:---|
| Date: | December 23, 2025 |  |  |
|  |  | By: | /s/ Patrick Bannigan |
|  |  |  | Patrick Bannigan |
|  |  |  | President |
|  |  |  | (chief executive officer) |
|  |  | By: | /s/ R. Wes Campbell |
|  |  |  | R. Wes Campbell |
|  |  |  | Treasurer and Chief Financial Officer |
|  |  |  | (chief financial officer) |

---

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