# EDGAR Filing Document

**Accession Number:** 0000935015
**File Stem:** 0002071691-25-007844
**Filing Date:** 2025-11
**Character Count:** 235233
**Document Hash:** 242652c149741691b79dd23a7f006d6e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007844.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002071691-25-007844

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARTISAN PARTNERS FUNDS INC
- **CENTRAL INDEX KEY:** 0000935015

**ORGANIZATION NAME:**
- **EIN:** 391811840
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08932
- **FILM NUMBER:** 251530511

**BUSINESS ADDRESS:**
- **STREET 1:** 875 EAST WISCONSIN AVE STE 800
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-390-6100

**MAIL ADDRESS:**
- **STREET 1:** 875 EAST WISCONSIN AVE STE 800
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARTISAN FUNDS INC
- **DATE OF NAME CHANGE:** 19950310

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZIEGLER FUNDS INC
- **DATE OF NAME CHANGE:** 19950109

## Series and Classes Contracts Data

### Artisan Global Unconstrained Fund (Series ID: S000075102)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000233921 | Advisor Shares       | APDPX           |
| C000233922 | Institutional Shares | APHPX           |
| C000233923 | Investor Shares      | APFPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Artisan Partners Funds Inc.

- **b. Investment Company Act file number:** 811-08932

- **c. CIK number of Registrant:** 0000935015

- **d. LEI of Registrant:** 549300VBCRY84OJ96193

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

  - **Street Address 1:** 875 E Wisconsin Ave

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-390-6100

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

- **a. Name of Series:** Artisan Global Unconstrained Fund

- **b. EDGAR series identifier (if any):** S000075102

- **c. LEI of Series:** 5493006DP4IU241JYM79

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $588647725.90

**Total Liabilities:** $93835324.72

**Net Assets:** $494812401.18

**Amount of Assets Invested in Other Investment Companies:** $24586272.40

**Cash Not Reported:** $13536315.83

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 299.01236100 | **5-Year:** 1050.93073300 | **10-Year:** 3200.30538400 | **30-Year:** 4620.50447000

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

- **3-Month:** 280.80453600 | **1-Year:** 6556.60732100 | **5-Year:** 13115.74050900 | **10-Year:** 6694.11109500 | **30-Year:** 1120.81883700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233921 | 1.06%                | 1.14%                | 1.50%                |
| Class ID C000233922 | 0.97%                | 1.15%                | 1.59%                |
| Class ID C000233923 | 1.05%                | 1.04%                | 1.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-570579.74              | $-1053787.46                               |
| Month 2  | $926202.61               | $5239929.58                                |
| Month 3  | $1122489.50              | $5848126.18                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |     Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Republic of Uzbekistan International Bond                                        | Republic of Uzbekistan International Bond                                        | CUSIP: N/A<br>LEI: 213800L6VDKUM3TCM927       | Long             | DBT              | NUSS              | UZ        |     9643000 | PA      | $11690092.25  | 2.36%             | 2027-05-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      220000 | PA      | $-11039.37    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |     1192188 | PA      | $1192187.50   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Cote d'Ivoire                                                        | Republic of Cote d'Ivoire First Lien Term Loan                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     5710000 | PA      | $6687065.93   | 1.35%             | 2026-03-18      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| Unigel Netherlands Holding Corp. BV                                              | Unigel Netherlands Holding Corp. BV                                              | CUSIP: N/A<br>LEI: 213800UOXJTQ82DWTJ78       | Long             | DBT              | CORP              | NL        |      223384 | PA      | $6701.52      | 0.00%             | 2044-12-31      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     9300000 | PA      | $-193604.21   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ShaMaran Petroleum Corp.                                                         | ShaMaran Petroleum Corp.                                                         | CUSIP: 819320102<br>LEI: 529900227RVB89NZH924 | Long             | EC               | CORP              | CA        |     1470000 | NS      | $291673.66    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                                        | Republic of Uzbekistan International Bond                                        | CUSIP: N/A<br>LEI: 213800L6VDKUM3TCM927       | Long             | DBT              | NUSS              | UZ        | 32500000000 | PA      | $2742308.80   | 0.55%             | 2028-02-25      | Fixed         | 15.50%                | No            |                  2 | On Loan: No      |
| Frigorifico Concepcion SA                                                        | Frigorifico Concepcion SA First Lien Term Loan B                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | PY        |      571440 | PA      | $537896.47    | 0.11%             | 2026-12-08      | Variable      | 9.63%                 | No            |                  3 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     7350000 | PA      | $-122042.01   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Georgia Capital plc                                                              | Georgia Capital plc                                                              | CUSIP: N/A<br>LEI: 213800Q65T5GNBOW7H65       | Long             | EC               | CORP              | GB        |       74500 | NS      | $2422425.33   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1200000 | PA      | $-5386.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New Gold, Inc.                                                                   | New Gold, Inc.                                                                   | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |       42250 | NS      | $303355.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     5520000 | PA      | $-27913.81    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of India                                                                | Republic of India                                                                | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |    88000000 | PA      | $1048144.41   | 0.21%             | 2036-05-23      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $852.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Central de la Republica Dominicana                                         | Banco Central de la Republica Dominicana                                         | CUSIP: N/A<br>LEI: 549300DTVR57NON7XL66       | Long             | DBT              | NUSS              | DO        |    37550000 | PA      | $607934.60    | 0.12%             | 2026-01-30      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    25000000 | PA      | $914.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1418.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BW Energy Ltd.                                                                   | BW Energy Ltd.                                                                   | CUSIP: N/A<br>LEI: 5493004D19CJBN3DLD40       | Long             | EC               | CORP              | BM        |       60000 | NS      | $280365.75    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Iceland                                                              | Republic of Iceland                                                              | CUSIP: N/A<br>LEI: 549300K5GD3JPA2LLG98       | Long             | DBT              | NUSS              | IS        |   158000000 | PA      | $1313692.50   | 0.27%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |     2337510 | PA      | $2337510.00   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |     3940353 | PA      | $3940353.47   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $85479.74     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    45100000 | PA      | $11067.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lion Finance Group plc                                                           | Lion Finance Group plc                                                           | CUSIP: N/A<br>LEI: 213800XKDG12NQG8VC53       | Long             | EC               | CORP              | GB        |        2000 | NS      | $205998.72    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      750000 | PA      | $-10513.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1918.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TBC Bank Group plc                                                               | TBC Bank Group plc                                                               | CUSIP: N/A<br>LEI: 213800T6NS9N2WQ3B328       | Long             | EC               | CORP              | GB        |       20800 | NS      | $1277731.05   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-14285.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of the Bahamas                                                      | Commonwealth of the Bahamas                                                      | CUSIP: N/A<br>LEI: 549300W13SXC7EKNJC20       | Long             | DBT              | NUSS              | BS        |    10889000 | PA      | $12114556.95  | 2.45%             | 2032-10-15      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5508.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |     4650397 | PA      | $4650396.93   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $31538.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Central del Uruguay                                                        | Banco Central del Uruguay                                                        | CUSIP: N/A<br>LEI: 549300DTMS39GZYBX161       | Long             | STIV             | UST               | UY        |    94670000 | PA      | $2209066.68   | 0.45%             | 2026-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-82945.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Suriname Government International Bond                                           | Suriname Government International Bond                                           | CUSIP: N/A<br>LEI: 254900SYU4G5JM13TN77       | Long             | DBT              | NUSS              | SR        |     2670000 | PA      | $2663325.03   | 0.54%             | 2033-07-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Aris Mining Corp.                                                                | Aris Mining Corp.                                                                | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |      778540 | NS      | $7629692.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-175297.33   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1194.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ecuador                                                              | Republic of Ecuador                                                              | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |     3150000 | PA      | $2358562.50   | 0.48%             | 2035-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Short            | RA               | CORP              | US        |    -8049936 | PA      | $-8049935.93  | -1.63%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5995.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Albania                                                              | Republic of Albania                                                              | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | STIV             | NUSS              | AL        |   115000000 | PA      | $1349870.21   | 0.27%             | 2026-09-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOF Group ASA                                                                    | DOF Group ASA                                                                    | CUSIP: N/A<br>LEI: 213800GIV9N2A714T434       | Long             | DBT              | CORP              | NO        |      200000 | PA      | $203055.38    | 0.04%             | 2030-09-16      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                                        | Republic of Uzbekistan International Bond                                        | CUSIP: N/A<br>LEI: 213800L6VDKUM3TCM927       | Short            | DBT              | NUSS              | UZ        |    -5500000 | PA      | $-5925885.24  | -1.20%            | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  4430000000 | PA      | $2585469.16   | 0.52%             | 2026-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $55417.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Iraq                                                                 | Republic of Iraq                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | IQ        |    13297500 | PA      | $13239659.73  | 2.68%             | 2028-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2050000 | PA      | $1785.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-10471.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-7004.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Centerra Gold, Inc.                                                              | Centerra Gold, Inc.                                                              | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |       54900 | NS      | $589077.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Indonesia                                                            | Republic of Indonesia                                                            | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 15900000000 | PA      | $1001399.34   | 0.20%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-59382.35    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Gran Tierra Energy, Inc.                                                         | Gran Tierra Energy, Inc.                                                         | CUSIP: N/A<br>LEI: 549300IH2S17MAIUCM32       | Long             | DBT              | CORP              | US        |     3770000 | PA      | $3193844.74   | 0.65%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BLUENORD ASA                                                                     | BLUENORD ASA                                                                     | CUSIP: N/A<br>LEI: 5967007LIEEXZXGE3C16       | Long             | EC               | CORP              | NO        |        5000 | NS      | $226723.10    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      417940 | PA      | $417940.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      780000 | PA      | $-6655.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-26709.07    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | DTRS                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    31500000 | PA      | $-13324.70    | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| Republic of Uzbekistan International Bond                                        | Republic of Uzbekistan International Bond                                        | CUSIP: N/A<br>LEI: 213800L6VDKUM3TCM927       | Long             | DBT              | NUSS              | UZ        |  2500000000 | PA      | $214050.44    | 0.04%             | 2026-10-12      | Fixed         | 16.25%                | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |    37900000 | PA      | $782221.09    | 0.16%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Galileo Global Technologies Ltd.                                                 | Galileo Global Technologies Ltd.                                                 | CUSIP: N/A<br>LEI: 213800YIJLJT8TLZHT73       | Long             | DBT              | CORP              | GB        |      625000 | PA      | $623347.27    | 0.13%             | 2028-03-04      | Fixed         | 13.75%                | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                                          | Republic of El Salvador                                                          | CUSIP: 283875CD2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     4012000 | PA      | $103754.77    | 0.02%             | 2030-04-17      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Canacol Energy Ltd.                                                              | Canacol Energy Ltd.                                                              | CUSIP: N/A<br>LEI: 549300X5MNRWPMSM9N14       | Long             | DBT              | CORP              | CA        |     1543000 | PA      | $534263.75    | 0.11%             | 2028-11-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-913.29      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | IRS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |  1721000000 | PA      | $-318429.93   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      175000 | PA      | $-3115.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-64033.39    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |     3913226 | PA      | $3913225.73   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2099.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Golar LNG Ltd.                                                                   | Golar LNG Ltd.                                                                   | CUSIP: N/A<br>LEI: 213800C2VSFZG3EZLO34       | Long             | DBT              | CORP              | BM        |     1000000 | PA      | $1014397.77   | 0.21%             | 2029-09-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| National Bank of Uzbekistan                                                      | National Bank of Uzbekistan                                                      | CUSIP: N/A<br>LEI: 253400TZJ7T1YULTGN68       | Long             | DBT              | USGA              | UZ        |  8320000000 | PA      | $698543.44    | 0.14%             | 2028-07-17      | Fixed         | 17.95%                | No            |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Bills                                                              | CUSIP: 912797RN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     5000000 | PA      | $4976659.10   | 1.01%             | 2025-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Argentine Republic                                                               | Argentine Republic                                                               | CUSIP: N/A<br>LEI: 549300KPBYGYF7HCHO27       | Long             | DBT              | NUSS              | AR        |     1800680 | PA      | $1030460.81   | 0.21%             | 2041-07-09      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $40148.54     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Zambia                                                               | Republic of Zambia                                                               | CUSIP: N/A<br>LEI: 213800DMLAZ6LGMMD849       | Long             | DBT              | NUSS              | ZM        |     9907806 | PA      | $9496058.43   | 1.92%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| OHI Group SA                                                                     | OHI Group SA                                                                     | CUSIP: N/A<br>LEI: 529900GW2J8DSYJHEH26       | Long             | DBT              | CORP              | LU        |     1957000 | PA      | $2073930.75   | 0.42%             | 2029-07-22      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $13094.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine                                                                          | Ukraine Government Bond                                                          | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |      510000 | PA      | $352131.50    | 0.07%             | 2029-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $53229.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      940000 | PA      | $1053068.95   | 0.21%             | 2044-09-24      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3850000 | PA      | $-33307.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      890000 | PA      | $-7685.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-29743.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $29950.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-5385.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $102960.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-690.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |     1447843 | PA      | $1447843.20   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tanzania                                                                         | Tanzania (United Republic of) Term Loan                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | NUSS              | TZ        |     2000000 | PA      | $1996200.00   | 0.40%             | 2031-03-06      | Variable      | 9.46%                 | No            |                  3 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1176.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Bank of Eswatini                                                         | Central Bank of Eswatini                                                         | CUSIP: N/A<br>LEI: 2549002J8BB66THYB069       | Long             | DBT              | NUSS              | SZ        |    33000000 | PA      | $1958099.77   | 0.40%             | 2027-05-08      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| Republic of Tajikistan                                                           | Republic of Tajikistan                                                           | CUSIP: N/A<br>LEI: 529900W1LSYUF3CYVU10       | Long             | DBT              | NUSS              | TJ        |     6398667 | PA      | $6392334.32   | 1.29%             | 2027-09-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     5900000 | PA      | $-61369.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2050000 | PA      | $5247.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $9343.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aragvi Finance International DAC                                                 | Aragvi Finance International DAC                                                 | CUSIP: 03851RAD6<br>LEI: 635400VKAYT1VT6VBF50 | Long             | DBT              | CORP              | IE        |     1685000 | PA      | $1695032.29   | 0.34%             | 2029-11-20      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $354.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury Long Bond                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |          35 | NC      | $76494.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining, Inc.                                                                 | K92 Mining, Inc.                                                                 | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |       19800 | NS      | $239301.57    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     9300000 | PA      | $-228198.60   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                                          | Republic of El Salvador                                                          | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |    42945000 | PA      | $1110605.37   | 0.22%             | 2030-04-17      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDI                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    10740000 | PA      | $-47143.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     1093000 | PA      | $1100892.96   | 0.22%             | 2034-04-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2210000 | PA      | $-53738.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Albanian Government Bond                                                         | Albanian Government Bond                                                         | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |    21500000 | PA      | $273901.15    | 0.06%             | 2029-01-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Constellation Oil Services Holding SA                                            | Constellation Oil Services Holding SA                                            | CUSIP: N/A<br>LEI: 5493005YJTU769NW5I10       | Long             | DBT              | CORP              | LU        |     1000000 | PA      | $1026000.00   | 0.21%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |      632350 | PA      | $632349.65    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Euro-Buxl                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         -18 | NC      | $-40084.68    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Georgia                                                              | Republic of Georgia                                                              | CUSIP: N/A<br>LEI: 2138007T8RLEVDMLQ257       | Long             | DBT              | NUSS              | GE        |     2409000 | PA      | $2359220.26   | 0.48%             | 2026-04-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Euro-Bobl                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         -69 | NC      | $6419.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Plata S.A. Institucion de Banca Multiple                                   | Banco Plata S.A. Institucion de Banca Multiple                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | MX        |      802000 | PA      | $855150.83    | 0.17%             | 2028-07-16      | Fixed         | 15.50%                | No            |                  2 | On Loan: No      |
| SEPLAT Energy plc                                                                | SEPLAT Energy plc                                                                | CUSIP: N/A<br>LEI: 029200711C4S4CB2E982       | Long             | DBT              | CORP              | NG        |     2203000 | PA      | $2265262.29   | 0.46%             | 2030-03-21      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                                            | Republic of Indonesia                                                            | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  2480000000 | PA      | $153527.85    | 0.03%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  4589000000 | PA      | $2895773.06   | 0.59%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco Central de la Republica Dominicana                                         | Banco Central de la Republica Dominicana                                         | CUSIP: N/A<br>LEI: 549300DTVR57NON7XL66       | Long             | DBT              | NUSS              | DO        |   133610000 | PA      | $2100467.63   | 0.42%             | 2026-12-11      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HTA Group Ltd.                                                                   | HTA Group Ltd.                                                                   | CUSIP: N/A<br>LEI: 213800WEFU8O8X6EPU13       | Short            | DBT              | CORP              | MU        |    -4300000 | PA      | $-4472019.52  | -0.90%            | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3200000 | PA      | $15201.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Short            | RA               | CORP              | US        |     -220580 | PA      | $-220580.18   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1100000 | PA      | $-9053.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  1110000000 | PA      | $707225.85    | 0.14%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |     1639867 | PA      | $1639866.67   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Genel Energy plc                                                                 | Genel Energy plc                                                                 | CUSIP: N/A<br>LEI: 549300IVCJDWC3LR8F94       | Long             | EC               | CORP              | JE        |      217579 | NS      | $213529.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3498.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Unigel Luxembourg SA                                                             | Unigel Luxembourg SA                                                             | CUSIP: N/A<br>LEI: 213800Y16R77O7LH7X62       | Long             | DBT              | CORP              | LU        |       90391 | PA      | $69601.07     | 0.01%             | 2027-12-31      | Variable      | 13.50%                | No            |                  2 | On Loan: No      |
| G Mining Ventures Corp.                                                          | G Mining Ventures Corp.                                                          | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       24700 | NS      | $490734.35    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $18468.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    32100000 | PA      | $-4295.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of the Bahamas                                                      | Commonwealth of the Bahamas                                                      | CUSIP: N/A<br>LEI: 549300W13SXC7EKNJC20       | Long             | DBT              | NUSS              | BS        |    10250000 | PA      | $11085990.00  | 2.24%             | 2036-06-24      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Republic of Trinidad and Tobago                                                  | Republic of Trinidad and Tobago                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | TT        |     2400000 | PA      | $2395128.00   | 0.48%             | 2026-08-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Euro-Bund                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         -63 | NC      | $-25580.58    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | CDI                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     6400000 | PA      | $-33614.17    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     9700000 | PA      | $-149034.48   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P Oil & Gas Exploration & Production ETF                                  | SPDR S&P Oil & Gas Exploration & Production ETF                                  | CUSIP: 78468R556<br>LEI: 5493001H1FSSB667C124 | Short            |  | RF                | US        |      -30360 | NS      | $-4013592.00  | -0.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Benin Government International Bond                                              | Benin Government Bond                                                            | CUSIP: N/A<br>LEI: 635400Q11P6AE5A5Y230       | Long             | DBT              | NUSS              | BJ        |     3398000 | PA      | $3647442.40   | 0.74%             | 2052-01-19      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury 10 Year Note                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -191 | NC      | $38687.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      550000 | PA      | $-10756.73    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5910.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     5235000 | PA      | $1220735.85   | 0.25%             | 2033-07-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                                                                 | Bonos de la Tesoreria                                                            | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |    30200000 | PA      | $9228285.77   | 1.87%             | 2032-08-12      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2220000 | PA      | $6192.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Albanian Government Bond                                                         | Albanian Government Bond                                                         | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |   133370000 | PA      | $1611616.44   | 0.33%             | 2032-02-07      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |   535000000 | PA      | $344432.71    | 0.07%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3304.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Iceland                                                              | Republic of Iceland                                                              | CUSIP: N/A<br>LEI: 549300K5GD3JPA2LLG98       | Long             | STIV             | NUSS              | IS        |   317796284 | PA      | $2531471.27   | 0.51%             | 2026-03-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $104939.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |      880852 | PA      | $880852.50    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Albanian Government Bond                                                         | Albanian Government Bond                                                         | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |    23100000 | PA      | $281255.13    | 0.06%             | 2026-01-15      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| Ashmore Group plc                                                                | Ashmore Group plc                                                                | CUSIP: N/A<br>LEI: 549300U3L59WB4YI2X12       | Short            | EC               | CORP              | GB        |     -738362 | NS      | $-1768216.91  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1110000 | PA      | $-11700.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-23401.80    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     4410000 | PA      | $-29753.42    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $50329.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |     5938809 | PA      | $5938809.15   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-41981.61    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $90953.37     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  1376900000 | PA      | $836903.46    | 0.17%             | 2026-04-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of the Bahamas                                                      | Commonwealth of the Bahamas                                                      | CUSIP: N/A<br>LEI: 549300W13SXC7EKNJC20       | Long             | DBT              | NUSS              | BS        |      950000 | PA      | $950000.00    | 0.19%             | 2028-11-21      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $31097.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of the Bahamas                                                      | Commonwealth of the Bahamas                                                      | CUSIP: N/A<br>LEI: 549300W13SXC7EKNJC20       | Long             | DBT              | NUSS              | BS        |     1462000 | PA      | $1585539.00   | 0.32%             | 2029-06-16      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |     1854950 | PA      | $1854950.00   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |      733433 | PA      | $733432.57    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Biocon Biologics Global plc                                                      | Biocon Biologics Global plc                                                      | CUSIP: N/A<br>LEI: 254900PMQN51VACG2D55       | Long             | DBT              | CORP              | GB        |     2200000 | PA      | $2138092.44   | 0.43%             | 2029-10-09      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Republic of Cote d'Ivoire                                                        | Republic of Cote d'Ivoire First Lien Term Loan                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     5555000 | PA      | $6521847.75   | 1.32%             | 2026-07-17      | Variable      | 4.92%                 | No            |                  3 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7938.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     9100000 | PA      | $6646.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-126617.88   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | MY        |     9700000 | PA      | $-32331.65    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Serbia                                                               | Republic of Serbia                                                               | CUSIP: N/A<br>LEI: 254900W94OCY91V32O78       | Long             | DBT              | NUSS              | RS        |     3500000 | PA      | $3653822.31   | 0.74%             | 2028-05-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Allied Gold Corp.                                                                | Allied Gold Corp.                                                                | CUSIP: 01921D204<br>LEI: 894500S5G4JFSRGK8L37 | Long             | EC               | CORP              | CA        |       60483 | NS      | $1056942.27   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $167424.20    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |    98625000 | PA      | $2014670.67   | 0.41%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of the Bahamas                                                      | Commonwealth of the Bahamas                                                      | CUSIP: N/A<br>LEI: 549300W13SXC7EKNJC20       | Long             | DBT              | NUSS              | BS        |      404000 | PA      | $409029.80    | 0.08%             | 2029-11-20      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |   169000000 | PA      | $3075775.49   | 0.62%             | 2026-04-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Iceland                                                              | Republic of Iceland                                                              | CUSIP: N/A<br>LEI: 549300K5GD3JPA2LLG98       | Long             | STIV             | NUSS              | IS        |    45400000 | PA      | $368809.24    | 0.07%             | 2025-12-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Cameroon International Bond                                          | Republic of Cameroon                                                             | CUSIP: N/A<br>LEI: 54930021BO6NHYGBBV24       | Long             | DBT              | NUSS              | CM        |      511000 | PA      | $494782.18    | 0.10%             | 2032-07-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-69375.91    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Uzbek Industrial and Construction Bank ATB                                       | Uzbek Industrial and Construction Bank ATB                                       | CUSIP: N/A<br>LEI: 213800C2NIFPFTXYIU69       | Long             | DBT              | CORP              | UZ        | 22520000000 | PA      | $1940372.07   | 0.39%             | 2027-07-24      | Fixed         | 21.00%                | No            |                  2 | On Loan: No      |
| Republic of Montenegro                                                           | Republic of Montenegro                                                           | CUSIP: N/A<br>LEI: 747800V014106FYLL014       | Long             | DBT              | NUSS              | ME        |      800000 | PA      | $853785.98    | 0.17%             | 2031-03-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Argentine Republic                                                               | Argentine Republic                                                               | CUSIP: N/A<br>LEI: 549300KPBYGYF7HCHO27       | Long             | DBT              | NUSS              | AR        |     2541961 | PA      | $1556273.59   | 0.31%             | 2035-07-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDI                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     6640000 | PA      | $-79305.91    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ICA ICTAS Altyapi Yavuz Sultan Selim Koprusu ve Kuzey Cevre Otoyolu Yatirim ve I | ICA ICTAS Altyapi Yavuz Sultan Selim Koprusu ve Kuzey Cevre Otoyolu Yatirim ve I | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | TR        |     2630000 | PA      | $2682131.89   | 0.54%             | 2027-10-31      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| Banco Central del Uruguay                                                        | Banco Central del Uruguay                                                        | CUSIP: N/A<br>LEI: 549300DTMS39GZYBX161       | Long             | STIV             | UST               | UY        |    44300000 | PA      | $1040508.18   | 0.21%             | 2026-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | UST               | NG        |  1450000000 | PA      | $881905.97    | 0.18%             | 2026-02-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Federated Treasury Obligations Fund - Institutional Class                        | Federated Treasury Obligations Fund - Institutional Class                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |       95799 | NS      | $95798.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |     1930544 | PA      | $1930544.20   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Albania                                                              | Republic of Albania                                                              | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | STIV             | NUSS              | AL        |    31200000 | PA      | $373786.68    | 0.08%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   146300000 | PA      | $-89677.71    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      871875 | PA      | $871875.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     9850000 | PA      | $-308687.03   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     4270000 | PA      | $-49661.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |   550000000 | PA      | $337605.69    | 0.07%             | 2026-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                                            | Republic of Indonesia                                                            | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 30755000000 | PA      | $2098445.12   | 0.42%             | 2034-03-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      160000 | PA      | $-4109.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $26575.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5298.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SEPLAT Energy plc                                                                | SEPLAT Energy plc                                                                | CUSIP: N/A<br>LEI: 029200711C4S4CB2E982       | Long             | EC               | CORP              | NG        |       70000 | NS      | $273002.14    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Valeura Energy, Inc.                                                             | Valeura Energy, Inc.                                                             | CUSIP: 919144402<br>LEI: 2549003ZBCOPPO06GY48 | Long             | EC               | CORP              | CA        |       40000 | NS      | $207515.99    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |   103875000 | PA      | $2079623.80   | 0.42%             | 2025-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      780000 | PA      | $-5125.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1070000 | PA      | $-2990.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |    28000000 | PA      | $6625508.31   | 1.34%             | 2030-04-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |    26075000 | PA      | $472535.76    | 0.10%             | 2026-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Benin                                                                | Benin Government Bond                                                            | CUSIP: N/A<br>LEI: 635400Q11P6AE5A5Y230       | Long             | DBT              | NUSS              | BJ        |     1664000 | PA      | $1860258.94   | 0.38%             | 2032-01-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     4500000 | PA      | $-111636.27   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $14219.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $4208.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Albanian Government Bond                                                         | Albanian Government Bond                                                         | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |    12500000 | PA      | $159934.67    | 0.03%             | 2028-02-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1700000 | PA      | $-17969.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $29815.69     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     1550000 | PA      | $-17375.10    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-16749.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Euro-OAT                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         -13 | NC      | $-12600.22    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $30933.43     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      280000 | PA      | $-4082.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | IRS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    41000000 | PA      | $-1278.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | S&P 500 E-Mini Index                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         -42 | NC      | $-195390.30   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5910.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                                | Republic of Ghana                                                                | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     2290235 | PA      | $2215794.20   | 0.45%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     1360000 | PA      | $1241443.79   | 0.25%             | 2049-04-03      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |     3106650 | PA      | $3106650.00   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Government of Mongolia                                                           | State of Mongolia                                                                | CUSIP: N/A<br>LEI: N/A                        | Short            | DBT              | NUSS              | MN        |    -6800000 | PA      | $-6171450.98  | -1.25%            | 2031-07-07      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $47139.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MSU Energy SA                                                                    | MSU Energy SA                                                                    | CUSIP: N/A<br>LEI: 529900D1ZX75KRP2HC66       | Long             | DBT              | CORP              | AR        |     3143750 | PA      | $2837234.38   | 0.57%             | 2030-12-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |    21850000 | PA      | $456847.81    | 0.09%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | 100 oz Gold                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |           3 | NC      | $143062.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Argentina AG                                                             | Lithium Argentina AG                                                             | CUSIP: 53680QAA6<br>LEI: 25490091H0GF6CS01G98 | Long             | DBT              | CORP              | CH        |      427000 | PA      | $381097.50    | 0.08%             | 2027-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                      | Federal Republic of Nigeria                                                      | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |     7790000 | PA      | $7663740.77   | 1.55%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |      899766 | PA      | $899765.56    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1386.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |   259050000 | PA      | $5135516.78   | 1.04%             | 2025-12-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-88990.90    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     8085000 | PA      | $6278.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     4815000 | PA      | $-153194.23   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-17650.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |     1101142 | PA      | $1101141.63   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine                                                                          | Ukraine Government Bond                                                          | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |     1120000 | PA      | $547845.74    | 0.11%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $20019.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1099.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7945.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Golar LNG Ltd.                                                                   | Golar LNG Ltd.                                                                   | CUSIP: N/A<br>LEI: 213800C2VSFZG3EZLO34       | Long             | DBT              | CORP              | BM        |     2900000 | PA      | $2875482.15   | 0.58%             | 2030-10-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $448650.41    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $42471.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $85087.77     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-10512.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    11155000 | PA      | $13597.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $19123.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $10316.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Rwanda                                                               | Republic of Rwanda                                                               | CUSIP: N/A<br>LEI: 213800DQC28OBRZDYJ87       | Long             | DBT              | NUSS              | RW        |     4080000 | PA      | $3674255.51   | 0.74%             | 2031-08-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $10015.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      550000 | PA      | $-10152.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Serbia                                                               | Republic of Serbia                                                               | CUSIP: N/A<br>LEI: 254900W94OCY91V32O78       | Short            | DBT              | NUSS              | RS        |    -7600000 | PA      | $-7933581.63  | -1.60%            | 2034-06-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     7400000 | PA      | $-128094.78   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1266859 | PA      | $-10126.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4563.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-66100.13    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    50600000 | PA      | $-55141.07    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     1007000 | PA      | $1009130.91   | 0.20%             | 2035-10-29      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-278335.73   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-17007.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cie Maritime Monegasque Osv BV                                                   | Cie Maritime Monegasque Osv BV                                                   | CUSIP: N/A<br>LEI: 72450001P1OST9OQ9453       | Long             | DBT              | CORP              | NL        |     1000000 | PA      | $962222.66    | 0.19%             | 2029-03-28      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Bills                                                              | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     3000000 | PA      | $2993259.99   | 0.60%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $174882.29    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $14384.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1900000 | PA      | $-25254.18    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |      276651 | PA      | $276650.69    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      585292 | PA      | $585291.67    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-10234.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     5620000 | PA      | $14653.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   198600000 | PA      | $37486.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Albania                                                              | Republic of Albania                                                              | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | STIV             | NUSS              | AL        |   138200000 | PA      | $1656249.86   | 0.33%             | 2026-02-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |      804958 | PA      | $804958.38    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Central del Uruguay                                                        | Banco Central del Uruguay                                                        | CUSIP: N/A<br>LEI: 549300DTMS39GZYBX161       | Long             | STIV             | UST               | UY        |    29600000 | PA      | $699951.95    | 0.14%             | 2026-06-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1800000 | PA      | $1706.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Central del Uruguay                                                        | Banco Central del Uruguay                                                        | CUSIP: N/A<br>LEI: 549300DTMS39GZYBX161       | Long             | STIV             | UST               | UY        |    25700000 | PA      | $598021.21    | 0.12%             | 2026-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3250000 | PA      | $-28482.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-55441.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Aura Minerals, Inc.                                                              | Aura Minerals, Inc.                                                              | CUSIP: N/A<br>LEI: 549300YIRI8PSDM2FV20       | Long             | EC               | CORP              | VG        |       48882 | NS      | $1818899.22   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Junior Gold Miners ETF                                                    | VanEck Junior Gold Miners ETF                                                    | CUSIP: 92189F791<br>LEI: 549300P2HS5GYBL1ME59 | Long             |  | RF                | US        |       82400 | NS      | $8160072.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      450000 | PA      | $-3234.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TBC Bank JSCB                                                                    | TBC Bank JSCB                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | UZ        | 92000000000 | PA      | $7897924.67   | 1.60%             | 2028-06-05      | Fixed         | 22.00%                | No            |                  3 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    12430000 | PA      | $79292.65     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Salmon Group Ltd.                                                                | Salmon Group Ltd.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |     2075000 | PA      | $2115808.63   | 0.43%             | 2028-05-05      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-6240.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     6550000 | PA      | $-58020.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-24362.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      570000 | PA      | $-14041.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2033.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $30895.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-83698.30    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| OceanaGold Corp.                                                                 | OceanaGold Corp.                                                                 | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |       10516 | NS      | $224495.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $65138.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Frigorifico Concepcion SA                                                        | Frigorifico Concepcion SA                                                        | CUSIP: N/A<br>LEI: 529900Q6VZVL47QJCQ91       | Long             | DBT              | CORP              | PY        |      880000 | PA      | $654148.20    | 0.13%             | 2028-07-21      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Republic of Costa Rica                                                           | Republic of Costa Rica                                                           | CUSIP: N/A<br>LEI: 549300S1EK2VN6XVJP58       | Short            | DBT              | NUSS              | CR        |    -1150000 | PA      | $-1234846.74  | -0.25%            | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond, Series 10Y                                              | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     6030000 | PA      | $1460584.14   | 0.30%             | 2032-09-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Hudbay Minerals, Inc.                                                            | Hudbay Minerals, Inc.                                                            | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Short            | DBT              | CORP              | CA        |    -3490000 | PA      | $-3524172.30  | -0.71%            | 2029-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     2210000 | PA      | $-21488.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     6700000 | PA      | $-15767.96    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-29609.20    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  1643100000 | PA      | $1013698.28   | 0.20%             | 2026-03-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-11376.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-15102.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine                                                                          | Ukraine Government Bond                                                          | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |      670000 | PA      | $327734.33    | 0.07%             | 2036-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $634.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |    65000000 | PA      | $1218400.26   | 0.25%             | 2026-03-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-49252.66    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      890980 | PA      | $890980.43    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | IRS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   172100000 | PA      | $60766.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2050000 | PA      | $-16327.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     2020000 | PA      | $2163347.24   | 0.44%             | 2053-01-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Republic of Albania                                                              | Republic of Albania                                                              | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | STIV             | NUSS              | AL        |   104300000 | PA      | $1232952.79   | 0.25%             | 2026-07-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3122.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      325000 | PA      | $-2910.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |    96125000 | PA      | $1994295.09   | 0.40%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $108668.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      600000 | PA      | $-26506.57    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3600000 | PA      | $-53328.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2040.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury 2 Year Note                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         633 | NC      | $-13942.39    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3678.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-6541.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3150000 | PA      | $11609.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Plurinational State of Bolivia                                                   | Plurinational State of Bolivia                                                   | CUSIP: N/A<br>LEI: 529900TGIRPY3SZXEB56       | Short            | DBT              | NUSS              | BO        |    -9300000 | PA      | $-7259580.00  | -1.47%            | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Salmon Group Ltd.                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | GB        |       14865 | NS      | $110001.00    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      400000 | PA      | $408.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-16739.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tanzania                                                                         | Tanzania (United Republic of) First Lien Term Loan                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | NUSS              | TZ        |      420000 | PA      | $419202.00    | 0.08%             | 2032-05-20      | Variable      | 9.58%                 | No            |                  3 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-18760.96    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | MY        |     3400000 | PA      | $-23366.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $60624.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Iceland                                                              | Republic of Iceland                                                              | CUSIP: N/A<br>LEI: 549300K5GD3JPA2LLG98       | Long             | DBT              | NUSS              | IS        |  1051600000 | PA      | $8780383.18   | 1.77%             | 2035-09-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-43805.45    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |      553301 | PA      | $553301.39    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1804.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      734000 | PA      | $492584.23    | 0.10%             | 2051-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |   277275000 | PA      | $5444217.15   | 1.10%             | 2025-12-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     3600000 | PA      | $-12882.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-11153.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $83702.66     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                                            | Republic of Indonesia                                                            | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 69000000000 | PA      | $4317416.74   | 0.87%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7112.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5229.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      440000 | PA      | $-2364.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | IRS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   850000000 | PA      | $844.80       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | IRS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    15800000 | PA      | $-4981.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Var Energi ASA                                                                   | Var Energi ASA                                                                   | CUSIP: N/A<br>LEI: 549300LIVN3FFOJN2K47       | Long             | EC               | CORP              | NO        |       70000 | NS      | $234328.62    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | IRS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    38300000 | PA      | $3216.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     2750000 | PA      | $-9157.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |    54900000 | PA      | $1093708.15   | 0.22%             | 2025-12-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Bills                                                              | CUSIP: 912797RB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     5500000 | PA      | $5496271.66   | 1.11%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ACG Metals Ltd.                                                                  | ACG Metals Ltd., Class A                                                         | CUSIP: N/A<br>LEI: 549300NXL2KSHKJXTU29       | Long             | EC               | CORP              | VG        |       43203 | NS      | $540831.97    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      915000 | PA      | $-18746.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1979.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ACG Holdco 1 plc                                                                 | ACG Holdco 1 plc                                                                 | CUSIP: N/A<br>LEI: 9845008FS09985054W54       | Long             | DBT              | CORP              | GB        |     3800000 | PA      | $4137553.09   | 0.84%             | 2029-01-13      | Fixed         | 14.75%                | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class              | BlackRock Liquidity Funds Treasury Trust Fund - Institutional Class              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |     2530261 | NS      | $2530260.82   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | U.S. Treasury 5 Year Note                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -496 | NC      | $76181.56     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresa Distribuidora de Electricidad de Mendoza SA                              | Empresa Distribuidora de Electricidad de Mendoza SA                              | CUSIP: N/A<br>LEI: 254900L7KLS0HQJ56Y35       | Long             | DBT              | CORP              | AR        |     2158000 | PA      | $1983080.61   | 0.40%             | 2031-07-28      | Variable      | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | MY        |      350000 | PA      | $-2405.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-51949.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $66069.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-129166.17   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-17120.16    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1500000 | PA      | $-26661.79    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Cameroon                                                             | Republic of Cameroon                                                             | CUSIP: N/A<br>LEI: 54930021BO6NHYGBBV24       | Long             | DBT              | NUSS              | CM        |      583333 | PA      | $582225.86    | 0.12%             | 2025-11-19      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      950000 | PA      | $-55845.68    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Albanian Government Bond                                                         | Albanian Government Bond                                                         | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |    16200000 | PA      | $197992.01    | 0.04%             | 2026-02-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| B2Gold Corp.                                                                     | B2Gold Corp.                                                                     | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |      110400 | NS      | $545772.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-23252.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Magyar Export-Import Bank Zrt.                                                   | Magyar Export-Import Bank Zrt.                                                   | CUSIP: N/A<br>LEI: 529900O4UGETQ9Q3AA63       | Long             | DBT              | NUSS              | HU        |     1500000 | PA      | $1552164.83   | 0.31%             | 2027-12-04      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    10380000 | PA      | $-78553.29    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  1698012000 | PA      | $1107395.74   | 0.22%             | 2025-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Iceland                                                              | Republic of Iceland                                                              | CUSIP: N/A<br>LEI: 549300K5GD3JPA2LLG98       | Long             | STIV             | NUSS              | IS        |  1217000000 | PA      | $9932646.33   | 2.01%             | 2025-11-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDI                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2700000 | PA      | $-9851.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |     4866494 | PA      | $4866493.59   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  3985000000 | PA      | $2608329.16   | 0.53%             | 2025-12-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |     1509692 | PA      | $1509692.50   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      656250 | PA      | $656250.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Euro-Schatz                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         -78 | NC      | $9933.26      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Paraguay Government International Bond                                           | Republic of Paraguay                                                             | CUSIP: N/A<br>LEI: 529900UXKJTJPCU0HK83       | Short            | DBT              | NUSS              | PY        |    -1450000 | PA      | $-1284758.00  | -0.26%            | 2033-01-29      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |      909000 | PA      | $909000.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |     3354963 | PA      | $3354962.75   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2445000 | PA      | $-128220.54   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ASA Gold and Precious Metals Ltd.                                                | ASA Gold and Precious Metals Ltd.                                                | CUSIP: N/A<br>LEI: 254900VOUR4617HGCL14       | Long             |  | RF                | BM        |       22280 | NS      | $1020424.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2212.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2960000 | PA      | $-44910.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      900000 | PA      | $918728.75    | 0.19%             | 2030-09-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | IRS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    48000000 | PA      | $-4408.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $37107.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Suriname Government International Bond                                           | Suriname Government International Bond                                           | CUSIP: 86886PAC6<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |     6730000 | PA      | $6713175.07   | 1.36%             | 2033-07-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Endeavour Mining plc                                                             | Endeavour Mining plc                                                             | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |       16045 | NS      | $670606.86    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-51474.45    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     7867220 | PA      | $64364.52     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Central del Uruguay                                                        | Banco Central del Uruguay                                                        | CUSIP: N/A<br>LEI: 549300DTMS39GZYBX161       | Long             | STIV             | UST               | UY        |    82800000 | PA      | $2077009.91   | 0.42%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DNO ASA                                                                          | DNO ASA                                                                          | CUSIP: N/A<br>LEI: 5967007LIEEXZXH3K072       | Long             | EC               | CORP              | NO        |      160000 | NS      | $246931.67    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Kenya                                                                | Republic of Kenya                                                                | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |      533333 | PA      | $546049.57    | 0.11%             | 2027-05-22      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Banco do Brasil SA                                                               | Banco do Brasil SA                                                               | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Short            | DBT              | CORP              | BR        |    -2684000 | PA      | $-2766896.12  | -0.56%            | 2030-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $11692.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Euro-BTP                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         -11 | NC      | $-10559.30    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      780000 | PA      | $-6160.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                                            | Republic of Indonesia                                                            | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  6672000000 | PA      | $411938.45    | 0.08%             | 2042-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      200000 | PA      | $-4187.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2009.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3540000 | PA      | $-18451.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Guatemala                                                            | Republic of Guatemala                                                            | CUSIP: N/A<br>LEI: 529900QKDFFU9UWW5315       | Long             | DBT              | NUSS              | GT        |     2450000 | PA      | $2443875.00   | 0.49%             | 2026-05-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      464765 | PA      | $464764.77    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Tanzania                                                                         | Tanzania (United Republic of) First Lien Term Loan                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | NUSS              | TZ        |     2040000 | PA      | $2040000.00   | 0.41%             | 2032-02-06      | Variable      | 9.30%                 | No            |                  3 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |   201600000 | PA      | $4056254.48   | 0.82%             | 2025-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-976.63      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Canacol Energy Ltd.                                                              | Canacol Energy Ltd.                                                              | CUSIP: N/A<br>LEI: 549300X5MNRWPMSM9N14       | Long             | DBT              | CORP              | CA        |     2435000 | PA      | $843118.75    | 0.17%             | 2028-11-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-5616.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Panoro Energy ASA                                                                | Panoro Energy ASA                                                                | CUSIP: N/A<br>LEI: 5967007LIEEXZXGWM030       | Long             | EC               | CORP              | NO        |      150000 | NS      | $346417.74    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      300000 | PA      | $-7877.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Meren Energy, Inc.                                                               | Meren Energy, Inc.                                                               | CUSIP: 588914101<br>LEI: 549300071188HIDJEB11 | Long             | EC               | CORP              | CA        |     1074500 | NS      | $1420622.26   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $44892.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                      | Federal Republic of Nigeria                                                      | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |     1440000 | PA      | $1443002.04   | 0.29%             | 2025-11-21      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1170000 | PA      | $-27642.29    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-140965.53   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4355.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    32770000 | PA      | $-856982.51   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3560000 | PA      | $-27404.24    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2235000 | PA      | $-109492.25   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | UST               | NG        |  1450000000 | PA      | $880635.64    | 0.18%             | 2026-02-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Panoro Energy ASA                                                                | Panoro Energy ASA                                                                | CUSIP: N/A<br>LEI: 5967007LIEEXZXGWM030       | Long             | DBT              | CORP              | NO        |      212000 | PA      | $215343.66    | 0.04%             | 2029-12-11      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      965000 | PA      | $-23467.83    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Iceland                                                              | Republic of Iceland                                                              | CUSIP: N/A<br>LEI: 549300K5GD3JPA2LLG98       | Long             | STIV             | NUSS              | IS        |   200000000 | PA      | $1644270.40   | 0.33%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     6110000 | PA      | $-6723.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-24370.41    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     7450000 | PA      | $-19630.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      325000 | PA      | $-4859.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-28892.68    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Papua New Guinea Government International Bond                                   | Papua New Guinea Government International Bond                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PG        |     7525000 | PA      | $7826000.00   | 1.58%             | 2028-10-04      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-62177.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Kenya                                                                | Republic of Kenya                                                                | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |        5000 | PA      | $5350.03      | 0.00%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      550000 | PA      | $-9098.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     7255000 | PA      | $-69793.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |     1210566 | PA      | $1210566.42   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                                      | Nigeria Government Bond                                                          | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Short            | DBT              | NUSS              | NG        |    -4800000 | PA      | $-4780071.46  | -0.97%            | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     5300000 | PA      | $-19147.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Argentine Republic                                                               | Argentine Republic                                                               | CUSIP: N/A<br>LEI: 549300KPBYGYF7HCHO27       | Long             | DBT              | NUSS              | AR        |       44000 | PA      | $27770.88     | 0.01%             | 2038-01-09      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  1400000000 | PA      | $942559.68    | 0.19%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Navios South American Logistics, Inc.                                            | Navios South American Logistics, Inc.                                            | CUSIP: N/A<br>LEI: 89450079LEE5QGJRM678       | Long             | DBT              | CORP              | MH        |     4200000 | PA      | $4410176.86   | 0.89%             | 2030-07-14      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Tanzania                                                                         | Tanzania (United Republic of) First Lien Term Loan                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | NUSS              | TZ        |     4437500 | PA      | $4437500.00   | 0.90%             | 2032-01-15      | Variable      | 9.13%                 | No            |                  3 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      400000 | PA      | $2134.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-21245.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      846000 | PA      | $682818.51    | 0.14%             | 2048-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                                                                 | Bonos de la Tesoreria                                                            | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |    66900000 | PA      | $21371662.38  | 4.32%             | 2031-08-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Stichting Administratiekantoor Unigel Creditors                                  | Stichting Administratiekantoor Unigel Creditors                                  | CUSIP: 860570118<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |         827 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-87471.73    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International                                                      | Merrill Lynch International                                                      | CUSIP: N/A<br>LEI: 549300J8H1BYG1YAFY05       | Long             | RA               | CORP              | US        |      889772 | PA      | $889771.78    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Gulf Keystone Petroleum Ltd.                                                     | Gulf Keystone Petroleum Ltd.                                                     | CUSIP: N/A<br>LEI: 213800QTAQOSSTNTPO15       | Long             | EC               | CORP              | BM        |      100000 | NS      | $301938.51    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    23260000 | PA      | $-43272.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Banco Central del Uruguay                                                        | Banco Central del Uruguay                                                        | CUSIP: N/A<br>LEI: 549300DTMS39GZYBX161       | Long             | STIV             | UST               | UY        |    14700000 | PA      | $368165.54    | 0.07%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Bills                                                              | CUSIP: 912797RE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |      250000 | PA      | $249241.64    | 0.05%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | NDIRS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   683000000 | PA      | $73975.29     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic                                                               | Dominican Republic Government Bond                                               | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Short            | DBT              | NUSS              | DO        |    -4300000 | PA      | $-4728925.00  | -0.96%            | 2044-04-30      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Albanian Government Bond                                                         | Albanian Government Bond                                                         | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |    26000000 | PA      | $339775.23    | 0.07%             | 2030-11-08      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Limak Iskenderun Uluslararasi Liman Isletmeciligi A/S                            | Limak Iskenderun Uluslararasi Liman Isletmeciligi A/S                            | CUSIP: N/A<br>LEI: 5299001DUZ9PI7TCRC47       | Long             | DBT              | CORP              | TR        |     3529495 | PA      | $3583333.37   | 0.72%             | 2036-07-10      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development                              | International Bank for Reconstruction & Development                              | CUSIP: N/A<br>LEI: ZTMSNXROF84AHWJNKQ93       | Long             | DBT              | NUSS              | IN        |    63000000 | PA      | $703171.77    | 0.14%             | 2030-04-17      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                                            | Republic of Indonesia                                                            | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 19200000000 | PA      | $1243627.72   | 0.25%             | 2032-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-18591.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-29749.59    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | IRS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   160000000 | PA      | $-4357.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     1600000 | PA      | $-28733.61    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    23980000 | PA      | $-69855.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Namibia                                                              | Republic of Namibia                                                              | CUSIP: N/A<br>LEI: 549300T6Y4CWK77SML15       | Long             | DBT              | NUSS              | NA        |      500000 | PA      | $497189.65    | 0.10%             | 2025-10-29      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     7405000 | PA      | $1685151.27   | 0.34%             | 2034-07-31      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $6722.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |      844335 | PA      | $844335.46    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Iceland                                                              | Republic of Iceland                                                              | CUSIP: N/A<br>LEI: 549300K5GD3JPA2LLG98       | Long             | DBT              | NUSS              | IS        |    93000000 | PA      | $596948.06    | 0.12%             | 2042-02-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-7697.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $10583.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Trident Energy Finance plc                                                       | Trident Energy Finance plc                                                       | CUSIP: N/A<br>LEI: 9845004ECK3FYO64I382       | Long             | DBT              | CORP              | GB        |     3310000 | PA      | $3460779.80   | 0.70%             | 2029-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $27872.18     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      518056 | PA      | $518055.56    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Azule Energy Finance plc                                                         | Azule Energy Finance plc                                                         | CUSIP: N/A<br>LEI: 2138006X6O82RJSQDB63       | Long             | DBT              | CORP              | GB        |      904000 | PA      | $912634.90    | 0.18%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Pearl Petroleum Co. Ltd.                                                         | Pearl Petroleum Co. Ltd.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | IQ        |      600000 | PA      | $650019.11    | 0.13%             | 2028-05-15      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-11715.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Bills                                                              | CUSIP: 912797RC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     6600000 | PA      | $6590372.51   | 1.33%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     6083815 | PA      | $-57254.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $83702.66     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining plc                                                             | Endeavour Mining plc                                                             | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |       13100 | NS      | $550280.95    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Iceland                                                              | Republic of Iceland                                                              | CUSIP: N/A<br>LEI: 549300K5GD3JPA2LLG98       | Long             | DBT              | NUSS              | IS        |   659842631 | PA      | $5407935.30   | 1.09%             | 2026-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Republic of Benin                                                                | Benin Government Bond                                                            | CUSIP: N/A<br>LEI: 635400Q11P6AE5A5Y230       | Long             | DBT              | NUSS              | BJ        |     7406000 | PA      | $8017066.38   | 1.62%             | 2035-01-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $935.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3350000 | PA      | $13395.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $13429.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      765000 | PA      | $-28667.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Asian Infrastructure Investment Bank (The)                                       | Asian Infrastructure Investment Bank (The)                                       | CUSIP: N/A<br>LEI: 25490065OSV2524LCR32       | Long             | DBT              | NUSS              | IN        |    80000000 | PA      | $908887.25    | 0.18%             | 2029-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |     1651712 | PA      | $1651712.44   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-7064.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      690000 | PA      | $-10217.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      450000 | PA      | $-9149.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | OIS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   166000000 | PA      | $-39709.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury Ultra Bond                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         -19 | NC      | $-65787.05    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-16183.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  4300000000 | PA      | $2631943.34   | 0.53%             | 2026-04-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                        | JPMorgan Chase Bank, N.A.                                                        | CUSIP: N/A<br>LEI: 8I5DZWZKVSZI1NUHU748       | Long             | RA               | CORP              | US        |     1835236 | PA      | $1835236.04   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     2085000 | PA      | $-55143.09    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $159610.42    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2248.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Unigel Luxembourg SA                                                             | Unigel Luxembourg SA                                                             | CUSIP: N/A<br>LEI: 213800Y16R77O7LH7X62       | Long             | DBT              | CORP              | LU        |      226067 | PA      | $41822.40     | 0.01%             | 2028-12-31      | Variable      | 11.00%                | No            |                  2 | On Loan: No      |
| Oceanica Lux                                                                     | Oceanica Lux                                                                     | CUSIP: N/A<br>LEI: 635400VU48WVABC1TO64       | Long             | DBT              | CORP              | LU        |     1750000 | PA      | $1783950.00   | 0.36%             | 2029-10-02      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| Bellevue Gold Ltd.                                                               | Bellevue Gold Ltd.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      735350 | NS      | $559749.43    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Yinson Production Financial Services Pte. Ltd.                                   | Yinson Production Financial Services Pte. Ltd.                                   | CUSIP: N/A<br>LEI: 254900TYMSC94RS33U73       | Long             | DBT              | CORP              | SG        |     1150000 | PA      | $1217782.51   | 0.25%             | 2029-05-03      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5091.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury 10 Year Ultra Note                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         -49 | NC      | $-3760.05     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-247556.88   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-58603.92    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| City of Ulaanbaatar Mongolia                                                     | City of Ulaanbaatar Mongolia                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | MN        |     2970000 | PA      | $3034319.06   | 0.61%             | 2027-08-21      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Fidelity Treasury Fund                                                           | Fidelity Investments Money Market Treasury Portfolio - Institutional Class       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |       95799 | NS      | $95798.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MC Brazil Downstream Trading SARL                                                | MC Brazil Downstream Trading SARL                                                | CUSIP: N/A<br>LEI: 213800T2A7R9TYNXZI63       | Long             | DBT              | CORP              | LU        |     3439027 | PA      | $2952645.69   | 0.60%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-77604.07    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Vamos Europe SA                                                                  | Vamos Europe SA                                                                  | CUSIP: N/A<br>LEI: 894500FA5CLVV8HLE261       | Long             | DBT              | CORP              | LU        |     4900000 | PA      | $4862025.00   | 0.98%             | 2031-01-26      | Fixed         | 9.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      466585 | PA      | $466585.44    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-134596.34   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    17600000 | PA      | $-116211.42   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Albanian Government Bond                                                         | Albanian Government Bond                                                         | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |    68700000 | PA      | $825250.11    | 0.17%             | 2027-04-11      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Hibiscus Petroleum Bhd.                                                          | Hibiscus Petroleum Bhd.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |      650000 | NS      | $236238.23    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3809.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      890360 | PA      | $890359.79    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    13000000 | PA      | $-97000.06    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International                                               | Morgan Stanley & Co. International                                               | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | Long             | RA               | CORP              | US        |      387562 | PA      | $387562.50    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      450000 | PA      | $-3228.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Albania                                                              | Republic of Albania                                                              | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | STIV             | NUSS              | AL        |    79600000 | PA      | $951391.70    | 0.19%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-84899.24    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Energean plc                                                                     | Energean plc                                                                     | CUSIP: N/A<br>LEI: 549300RVMKU0CYUZBB05       | Long             | EC               | CORP              | GB        |       22100 | NS      | $246379.80    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDI                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    13450000 | PA      | $-21933.44    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Gold Miners ETF                                                           | VanEck Gold Miners ETF                                                           | CUSIP: 92189F106<br>LEI: 54930031TORTKAM9TJ98 | Short            |  | RF                | US        |     -128073 | NS      | $-9784777.20  | -1.98%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-7825.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDI                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3100000 | PA      | $922.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     3195000 | PA      | $-32456.86    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Pegasus Hava Tasimaciligi A/S                                                    | Pegasus Hava Tasimaciligi A/S                                                    | CUSIP: N/A<br>LEI: 789000B1MW5PQ58A8T03       | Short            | DBT              | CORP              | TR        |    -4730000 | PA      | $-4893383.66  | -0.99%            | 2031-09-11      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |   261050000 | PA      | $5278806.67   | 1.07%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     6500000 | PA      | $-209098.96   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Albanian Government Bond                                                         | Albanian Government Bond                                                         | CUSIP: N/A<br>LEI: 254900EDM43U3SGRND29       | Long             | DBT              | NUSS              | AL        |    14800000 | PA      | $181849.96    | 0.04%             | 2027-07-10      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-11041.86    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Torex Gold Resources, Inc.                                                       | Torex Gold Resources, Inc.                                                       | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |       22890 | NS      | $951323.99    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Arab Republic of Egypt                                                           | Arab Republic of Egypt                                                           | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | STIV             | NUSS              | EG        |   154100000 | PA      | $3164081.65   | 0.64%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      390000 | PA      | $-17023.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5825.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      300000 | PA      | $-12364.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | CDS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |      440000 | PA      | $-2547.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1536.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Central Bank of Eswatini                                                         | Central Bank of Eswatini                                                         | CUSIP: N/A<br>LEI: 2549002J8BB66THYB069       | Long             | DBT              | NUSS              | SZ        |    18000000 | PA      | $1047121.49   | 0.21%             | 2030-08-01      | Fixed         | 12.18%                | No            |                  2 | On Loan: No      |
| Nigeria OMO Bill                                                                 | Nigeria OMO Bill                                                                 | CUSIP: N/A<br>LEI: 549300G1JG004Y3K8S97       | Long             | STIV             | UST               | NG        |  7709676000 | PA      | $4939557.71   | 1.00%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Forward Foreign Currency Contract                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $17622.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                              | IRS                                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   174000000 | PA      | $-59773.17    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                                          | Romania Government Bond                                                          | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      180000 | PA      | $40087.30     | 0.01%             | 2035-04-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Artisan Partners Funds Inc.

**Signature:** Shannon K. Jagodinski

**Name of Signer:** Shannon K. Jagodinski

**Title:** Chief Financial Officer, Vice President and Treasurer