# EDGAR Filing Document

**Accession Number:** 0000904112
**File Stem:** 0001752724-23-041510
**Filing Date:** 2023-2
**Character Count:** 106830
**Document Hash:** 4b0e38018340c5c791268d1987185c50
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041510.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041510

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY EMERGING MARKETS DEBT FUND INC
- **CENTRAL INDEX KEY:** 0000904112
- **IRS NUMBER:** 133713706
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07694
- **FILM NUMBER:** 23671488

**BUSINESS ADDRESS:**
- **STREET 1:** 522 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-231-2608

**MAIL ADDRESS:**
- **STREET 1:** 522 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY DEAN WITTER EMERGING MARKETS DEBT FUND INC
- **DATE OF NAME CHANGE:** 20000504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY EMERGING MARKETS DEBT FUND INC
- **DATE OF NAME CHANGE:** 19930714

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MORGAN STANLEY EMERGING MARKETS DEBT FUND INC

- **b. Investment Company Act file number:** 811-07694

- **c. CIK number of Registrant:** 0000904112

- **d. LEI of Registrant:** 879N34XPZOOCKFD26737

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

  - **Street Address 1:** 522 FIFTH AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 800-231-2608

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

- **a. Name of Series:** MORGAN STANLEY EMERGING MARKETS DEBT FUND INC

- **c. LEI of Series:** 879N34XPZOOCKFD26737

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $158656107.18

**Total Liabilities:** $4443677.51

**Net Assets:** $154212429.67

**Cash Not Reported:** $1333732.80

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -97.74000000 | **1-Year:** -1649.58000000 | **5-Year:** -7296.06000000 | **10-Year:** -14598.06000000 | **30-Year:** -10917.92000000

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

- **3-Month:** -258.91000000 | **1-Year:** -6830.35000000 | **5-Year:** -21547.86000000 | **10-Year:** -15279.64000000 | **30-Year:** -6336.48000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -1.79%               | 9.75%                | 0.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5263865.06             | $4305803.65                                |
| Month 2  | $-1728088.36             | $12965976.66                               |
| Month 3  | $-1383070.69             | $1477912.40                                |

**Designated Index Information**

- **Index Name:** JPM EM Bond Global Diversified Index

- **Index Identifier:** JPMEMBGDI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EXPORT-IMPORT BK INDIA                             | Export-Import Bank of India                                                                                                      | CUSIP: 30216KAE2<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |   1140000 | PA      | $990684.77    | 0.64%             | 2030-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| DP WORLD SALAAM                                    | DP World Salaam                                                                                                                  | CUSIP: 000000000<br>LEI: 549300SUYBT9X88E9435 | Long             | DBT              | CORP              | KY        |    740000 | PA      | $733586.42    | 0.48%             | 2025-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Colombia                               | Colombia Government International Bond                                                                                           | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    300000 | PA      | $205216.77    | 0.13%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TIMES CHINA HLDG LTD                               | Times China Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 2549000KTINB9ZPZP710 | Long             | DBT              | CORP              | KY        |    480000 | PA      | $93436.98     | 0.06%             | 2024-06-04      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| HUNGARY                                            | Hungary Government International Bond                                                                                            | CUSIP: 445545AF3<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    454000 | PA      | $497999.86    | 0.32%             | 2041-03-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| HSBC Securities (USA) Inc.                         | HSBC TRI PARTY   A REPO                                                                                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Long             | RA               | CORP              | US        |     62599 | PA      | $62598.91     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                              | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |   2170000 | PA      | $700026.27    | 0.45%             | 2025-11-03      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                            | Latam Airlines Group SA                                                                                                          | CUSIP: 51818LAA6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    720000 | PA      | $731221.20    | 0.47%             | 2027-10-15      | Fixed         | 13.38%                | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                 | Ukraine Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   2310000 | PA      | $527546.25    | 0.34%             | 2025-09-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Arab Republic of Egypt                             | Egypt Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    480000 | PA      | $428802.37    | 0.28%             | 2026-04-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                 | Dominican Republic International Bond                                                                                            | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    400000 | PA      | $333524.42    | 0.22%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                 | Dominican Republic International Bond                                                                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    300000 | PA      | $303474.20    | 0.20%             | 2026-01-29      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Kingdom of Jordan                                  | Jordan Government International Bond                                                                                             | CUSIP: 418097AJ0<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    950000 | PA      | $820043.80    | 0.53%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FIN DEPT GOVT SHARJAH                              | Finance Department Government of Sharjah                                                                                         | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |    791000 | PA      | $534991.27    | 0.35%             | 2051-03-10      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                | Petroleos Mexicanos                                                                                                              | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3200000 | PA      | $2221387.84   | 1.44%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| ATP TOW / AND TELECOM                              | ATP Tower Holdings LLC / Andean Tower Partners Colombia SAS / Andean Telecom Par                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    332000 | PA      | $293212.44    | 0.19%             | 2026-04-27      | Fixed         | 4.05%                 | Yes           |                  2 | On Loan: No      |
| Republic of Turkey                                 | Turkey Government International Bond                                                                                             | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    400000 | PA      | $261437.20    | 0.17%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 77586RAK6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    866000 | PA      | $770081.84    | 0.50%             | 2027-02-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PETRA DIAMONDS US TREAS                            | Petra Diamonds US Treasury PLC                                                                                                   | CUSIP: 000000000<br>LEI: 635400LZYOO6WHAO2H58 | Long             | DBT              | CORP              | GB        |    417421 | PA      | $415334.09    | 0.27%             | 2026-03-08      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 10YR ULTRA FUT MAR23                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        64 | NC      | $-14234.38    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Minejesa Capital BV                                | Minejesa Capital BV                                                                                                              | CUSIP: 000000000<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |   1113000 | PA      | $979662.60    | 0.64%             | 2030-08-10      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                                 | JSW Infrastructure Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |   1130000 | PA      | $962929.84    | 0.62%             | 2029-01-21      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                | Petroleos Mexicanos                                                                                                              | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $317199.30    | 0.21%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                             | BBVA Bancomer SA/Texas                                                                                                           | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    483000 | PA      | $434328.80    | 0.28%             | 2033-01-18      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | MERRILL LYNCH TRI PARTY A REPO                                                                                                   | CUSIP: 000000000<br>LEI: 8NAV47T0Y26Q87Y0QP81 | Long             | RA               | CORP              | US        |     62599 | PA      | $62598.91     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| THREE GORGES FIN I CAYMA                           | Three Gorges Finance I Cayman Islands Ltd                                                                                        | CUSIP: 88556LAA4<br>LEI: 549300FD0MPTWEITI779 | Long             | DBT              | CORP              | KY        |    780000 | PA      | $758242.25    | 0.49%             | 2025-06-10      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AUNA SA                                            | Auna SAA                                                                                                                         | CUSIP: 000000000<br>LEI: 549300C3XBVL3X4TME11 | Long             | DBT              | CORP              | PE        |   1416000 | PA      | $1175879.28   | 0.76%             | 2025-11-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                             | Brazilian Government International Bond                                                                                          | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    590000 | PA      | $513645.10    | 0.33%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| SINOPEC GRP DEV 2018                               | Sinopec Group Overseas Development 2018 Ltd                                                                                      | CUSIP: 82939GAL2<br>LEI: 549300C6OZZ8LTVR8209 | Long             | DBT              | CORP              | VG        |   1770000 | PA      | $1592191.80   | 1.03%             | 2029-11-12      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ALAM SUTERA REALTY TBK                             | Alam Sutera Realty Tbk PT                                                                                                        | CUSIP: 000000000<br>LEI: 2549001ML992STTEP738 | Long             | DBT              | CORP              | ID        |   2120000 | PA      | $1421460.00   | 0.92%             | 2025-11-02      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                              | Indonesia Government International Bond                                                                                          | CUSIP: 455780CU8<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    700000 | PA      | $592042.08    | 0.38%             | 2070-04-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                    | Nigeria Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    530000 | PA      | $526310.67    | 0.34%             | 2023-07-12      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank PLC                                      | PURCHASED USD / SOLD EUR                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $-2045.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENDEAVOR MINING PLC                                | Endeavour Mining PLC                                                                                                             | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |   1280000 | PA      | $1102464.00   | 0.71%             | 2026-10-14      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Iraq                                   | Iraq International Bond                                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | IQ        |   3691188 | PA      | $3411775.68   | 2.21%             | 2028-01-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                             | Egypt Government International Bond                                                                                              | CUSIP: 03846JAC4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1030000 | PA      | $639527.00    | 0.41%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Zambia                                 | Zambia Government International Bond                                                                                             | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |   1961000 | PA      | $825473.15    | 0.54%             | 2022-09-20      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARMENIA                                | Republic of Armenia International Bond                                                                                           | CUSIP: 000000000<br>LEI: 5299000H77JSW90G7935 | Long             | DBT              | NUSS              | AM        |    300000 | PA      | $239918.10    | 0.16%             | 2031-02-02      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                 | Ukraine Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   1500000 | PA      | $288800.40    | 0.19%             | 2031-05-21      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                 | Ukraine Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |   2200000 | PA      | $436673.81    | 0.28%             | 2028-06-20      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GUARA NORTE SARL                                   | Guara Norte Sarl                                                                                                                 | CUSIP: 000000000<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | LU        |    910570 | PA      | $771775.90    | 0.50%             | 2034-06-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| SINOPEC GRP OVERSEA 2012                           | Sinopec Group Overseas Development 2012 Ltd                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    970000 | PA      | $905499.35    | 0.59%             | 2042-05-17      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                 | Dominican Republic International Bond                                                                                            | CUSIP: 25714PEE4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    800000 | PA      | $589736.07    | 0.38%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US ULTRA BOND CBT MAR23                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        92 | NC      | $-35187.50    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| KWG GROUP HOLDINGS                                 | KWG Group Holdings Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 549300LK82ZOM9ZE7H90 | Long             | DBT              | CORP              | KY        |    430000 | PA      | $205325.00    | 0.13%             | 2024-08-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                        | Ivory Coast Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    500000 | PA      | $424481.39    | 0.28%             | 2032-01-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                | Petroleos Mexicanos                                                                                                              | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3263000 | PA      | $2568640.13   | 1.67%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                | Benin Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |    273000 | PA      | $212777.56    | 0.14%             | 2052-01-19      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SHELF DRILL HOLD LTD                               | Shelf Drilling Holdings Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |   1176000 | PA      | $1153950.00   | 0.75%             | 2024-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                 | Mongolia Government International Bond                                                                                           | CUSIP: 60937LAC9<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |    310000 | PA      | $268172.54    | 0.17%             | 2026-04-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                 | Serbia International Bond                                                                                                        | CUSIP: 817477AF9<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    400000 | PA      | $288840.00    | 0.19%             | 2030-12-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| FEDERAL REP OF ETHIOPIA                            | Ethiopia International Bond                                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | ET        |   1230000 | PA      | $772809.00    | 0.50%             | 2024-12-11      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| VTR COMUNICACIONES SPA                             | VTR Comunicaciones SpA                                                                                                           | CUSIP: 000000000<br>LEI: 213800XDZJKMC1AEUV94 | Long             | DBT              | CORP              | CL        |    808000 | PA      | $503086.78    | 0.33%             | 2028-01-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                             | Egypt Government International Bond                                                                                              | CUSIP: 03846JX62<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    430000 | PA      | $292237.03    | 0.19%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                              | Indonesia Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    450000 | PA      | $435781.64    | 0.28%             | 2027-07-18      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| IHS NETHERLANDS HOLDCO                             | IHS Netherlands Holdco BV                                                                                                        | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |   1100000 | PA      | $973764.00    | 0.63%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                           | Shimao Group Holdings Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |    970000 | PA      | $184283.23    | 0.12%             | 2026-07-15      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Republic of Sri Lanka                              | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $63704.21     | 0.04%             | 2024-03-14      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CON                           | Uzbek Industrial and Construction Bank ATB                                                                                       | CUSIP: 000000000<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |    249000 | PA      | $234371.25    | 0.15%             | 2024-12-02      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                | Benin Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |    981000 | PA      | $819979.14    | 0.53%             | 2032-01-19      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                 | Morocco Government International Bond                                                                                            | CUSIP: 617726AM6<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    820000 | PA      | $564513.42    | 0.37%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1100000 | PA      | $734541.50    | 0.48%             | 2051-02-14      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SURINAME INT                           | Suriname Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |   3483000 | PA      | $2814264.00   | 1.82%             | 2026-10-26      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| NETWORK I2I LTD                                    | Network i2i Ltd                                                                                                                  | CUSIP: V6703DAA2<br>LEI: 2549003L8M1FGHLHOX45 | Long             | DBT              | CORP              | MU        |    410000 | PA      | $393087.50    | 0.25%             | 2025-01-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                           | Uruguay Government International Bond                                                                                            | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   1385000 | PA      | $1363024.39   | 0.88%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    420000 | PA      | $289286.56    | 0.19%             | 2033-04-14      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| NATURA &CO LUX HLD SARL                            | Natura &Co Luxembourg Holdings Sarl                                                                                              | CUSIP: 63884WAA6<br>LEI: 54930074AZRQQPMINM11 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $438214.21    | 0.28%             | 2029-04-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                        | Ivory Coast Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $151909.63    | 0.10%             | 2048-03-22      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                              | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |   3140000 | PA      | $1001910.51   | 0.65%             | 2030-03-28      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank PLC                                      | PURCHASED USD / SOLD EUR                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $-191731.65   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| NPC UKRENERGO                                      | NPC Ukrenergo                                                                                                                    | CUSIP: 63718LAA2<br>LEI: 8945009LCLS92V4AK321 | Long             | DBT              | CORP              | UA        |    690000 | PA      | $125080.44    | 0.08%             | 2028-11-09      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                           | Sunac China Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |   1080000 | PA      | $238261.90    | 0.15%             | 2023-04-19      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Gabon                                  | Gabon Government International Bond                                                                                              | CUSIP: 362420AC5<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |    740000 | PA      | $703000.00    | 0.46%             | 2025-06-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FIN DEPT GOVT SHARJAH                              | Finance Department Government of Sharjah                                                                                         | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |   2562000 | PA      | $1687461.30   | 1.09%             | 2050-07-28      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 10YR NOTE (CBT)MAR23                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        32 | NC      | $-45828.14    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                           | Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio                                                     | CUSIP: 61747C525<br>LEI: 549300OJY9IZ31SGS926 | Long             | STIV             | RF                | US        |  14789798 | NS      | $14789797.83  | 9.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Sri Lanka                              | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |   2650000 | PA      | $845561.42    | 0.55%             | 2027-05-11      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                            | Long: BMIBD9YE7 CDS USD R F  1.00000 II7154800221109 SOVEREIGN / Short: BMIBD9YE7 CDS USD P V 03MEVENT II9735920221109 SOVEREIGN | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCR              |  | GB        |   8065000 | OU      | $-148637.55   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                             | Emirates NBD Bank PJSC                                                                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    910000 | PA      | $890341.27    | 0.58%             | 2026-04-09      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    632000 | PA      | $566641.69    | 0.37%             | 2028-03-07      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                  | Chile Government International Bond                                                                                              | CUSIP: 168863DL9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    300000 | PA      | $217462.07    | 0.14%             | 2050-01-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF SERBIA                                 | Serbia International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |   2078000 | PA      | $1601230.05   | 1.04%             | 2029-06-26      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                           | Banco Mercantil del Norte SA/Grand Cayman                                                                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    670000 | PA      | $665308.34    | 0.43%             | 2030-10-14      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| IPOTEKA-BANK ATIB                                  | Ipoteka-Bank ATIB                                                                                                                | CUSIP: 000000000<br>LEI: 213800UWVX5JSNXJS434 | Long             | DBT              | CORP              | UZ        |    230000 | PA      | $200560.00    | 0.13%             | 2025-11-19      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L                               | Abu Dhabi Government International Bond                                                                                          | CUSIP: 29135LAE0<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |   1000000 | PA      | $898704.00    | 0.58%             | 2029-09-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Republic of Sri Lanka                              | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $64051.30     | 0.04%             | 2026-07-18      | Fixed         | 6.83%                 | Yes           |                  2 | On Loan: No      |
| HUNGARY                                            | Hungary Government International Bond                                                                                            | CUSIP: 445545AL0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   1250000 | PA      | $1250875.00   | 0.81%             | 2024-03-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L                               | Abu Dhabi Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |   1040000 | PA      | $967398.64    | 0.63%             | 2030-04-16      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                | Braskem Netherlands Finance BV                                                                                                   | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    530000 | PA      | $451938.21    | 0.29%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                 | Panama Government International Bond                                                                                             | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1580000 | PA      | $1175923.56   | 0.76%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                            | Pakistan Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    600000 | PA      | $211500.00    | 0.14%             | 2051-04-08      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Lebanese Republic                                  | Lebanon Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    910000 | PA      | $55737.50     | 0.04%             | 2029-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOL FINANCE SA                                     | Gol Finance SA                                                                                                                   | CUSIP: 000000000<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $595817.92    | 0.39%             | 2026-06-30      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                | Petroleos Mexicanos                                                                                                              | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2200000 | PA      | $1349975.00   | 0.88%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                              | Indonesia Government International Bond                                                                                          | CUSIP: 455780DN3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    800000 | PA      | $784668.70    | 0.51%             | 2032-09-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                | Ecuador Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    550000 | PA      | $255605.93    | 0.17%             | 2035-07-31      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| CANACOL ENERGY LTD                                 | Canacol Energy Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 549300X5MNRWPMSM9N14 | Long             | DBT              | CORP              | CA        |    627000 | PA      | $554747.62    | 0.36%             | 2028-11-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LIBERTY LATIN AMERICA                              | Liberty Latin America Ltd                                                                                                        | CUSIP: 53069QAB5<br>LEI: 213800YWQHEAX7CAVO83 | Long             | DBT              | CORP              | BM        |   1208000 | PA      | $1078140.00   | 0.70%             | 2024-07-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                 | Mongolia Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |    506000 | PA      | $494210.20    | 0.32%             | 2023-05-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                            | Long: BMIBBA6N7 CDS USD R F  1.00000 II8626830221019 SOVEREIGN / Short: BMIBBA6N7 CDS USD P V 03MEVENT II9028230221019 SOVEREIGN | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCR              |  | GB        |   1034091 | OU      | $-18742.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                | Ecuador Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    522000 | PA      | $214975.96    | 0.14%             | 2040-07-31      | Variable      | 1.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF MOZAMBIQUE                             | Mozambique International Bond                                                                                                    | CUSIP: 000000000<br>LEI: 213800759WLKYIKPER73 | Long             | DBT              | NUSS              | MZ        |   1080000 | PA      | $831600.00    | 0.54%             | 2031-09-15      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                 | Dominican Republic International Bond                                                                                            | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    490000 | PA      | $452691.90    | 0.29%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                 | Dominican Republic International Bond                                                                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    500000 | PA      | $368585.05    | 0.24%             | 2060-01-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                 | Angolan Government International Bond                                                                                            | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    600000 | PA      | $528168.00    | 0.34%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                  | Republic of Kenya Government International Bond                                                                                  | CUSIP: 491798AK0<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    370000 | PA      | $317149.20    | 0.21%             | 2032-05-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                             | Pertamina Persero PT                                                                                                             | CUSIP: 000000000<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |   1500000 | PA      | $1488750.00   | 0.97%             | 2023-05-20      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                            | Mong Duong Finance Holdings BV                                                                                                   | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |   1269000 | PA      | $1058127.96   | 0.69%             | 2029-05-07      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                | Ecuador Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   1183518 | PA      | $766408.95    | 0.50%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                  | Lebanon Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |   2580000 | PA      | $158050.80    | 0.10%             | 2027-03-23      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KERNEL HOLDING SA                                  | Kernel Holding SA                                                                                                                | CUSIP: 000000000<br>LEI: 5493003GR6L4DZOS2U12 | Long             | DBT              | CORP              | LU        |    219000 | PA      | $94074.95     | 0.06%             | 2027-10-27      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SEPLAT ENERGY PL                                   | SEPLAT Energy PLC                                                                                                                | CUSIP: 000000000<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |    880000 | PA      | $708417.60    | 0.46%             | 2026-04-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| AES GENER SA                                       | AES Andes SA                                                                                                                     | CUSIP: 000000000<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    459000 | PA      | $437476.37    | 0.28%             | 2079-03-26      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                | Benin Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |   2345000 | PA      | $1833026.31   | 1.19%             | 2035-01-22      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank PLC                                      | PURCHASED USD / SOLD EUR                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $-44292.91    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                              | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    320000 | PA      | $101586.20    | 0.07%             | 2023-04-18      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                             | Egypt Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    750000 | PA      | $509715.75    | 0.33%             | 2050-05-29      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 5YR NOTE (CBT) MAR23                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        68 | NC      | $1593.78      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                             | US LONG BOND(CBT) MAR23                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        28 | NC      | $218.74       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank N.A.                           | PURCHASED USD / SOLD EUR                                                                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-923.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    672000 | PA      | $725624.08    | 0.47%             | 2026-09-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EXPORT-IMPORT BK INDIA                             | Export-Import Bank of India                                                                                                      | CUSIP: 30216KAF9<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |    340000 | PA      | $268567.02    | 0.17%             | 2031-01-13      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: —       |
| SUZANO AUSTRIA GMBH                                | Suzano Austria GmbH                                                                                                              | CUSIP: 86964WAJ1<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    225000 | PA      | $189265.84    | 0.12%             | 2031-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                             | Oman Government International Bond                                                                                               | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |   1500000 | PA      | $1513917.00   | 0.98%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                             | Galaxy Pipeline Assets Bidco Ltd                                                                                                 | CUSIP: 36321PAC4<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   1265000 | PA      | $983669.09    | 0.64%             | 2040-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                  | EURO-BOBL FUTURE MAR23                                                                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -27 | NC      | $114452.46    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LIMAK ISKENDERUN                                   | Limak Iskenderun Uluslararasi Liman Isletmeciligi AS                                                                             | CUSIP: 000000000<br>LEI: 5299001DUZ9PI7TCRC47 | Long             | DBT              | CORP              | TR        |   1389624 | PA      | $1201413.60   | 0.78%             | 2036-07-10      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of Paraguay                               | Paraguay Government International Bond                                                                                           | CUSIP: 699149AH3<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    700000 | PA      | $605811.61    | 0.39%             | 2050-03-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                              | Costa Rica Government International Bond                                                                                         | CUSIP: 221597CP0<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    505000 | PA      | $492318.85    | 0.32%             | 2031-02-19      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                               | Colombia Government International Bond                                                                                           | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1000000 | PA      | $767838.23    | 0.50%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    131000 | PA      | $97885.79     | 0.06%             | 2030-07-13      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                  | Gabon Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |   1100000 | PA      | $904640.00    | 0.59%             | 2031-11-24      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Arab Republic of Egypt                             | Egypt Government International Bond                                                                                              | CUSIP: 03846JW55<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    490000 | PA      | $311399.90    | 0.20%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Republic of Albania                                | Albania Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |    324000 | PA      | $323916.07    | 0.21%             | 2025-10-09      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                           | OCP SA                                                                                                                           | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    860000 | PA      | $656081.10    | 0.43%             | 2051-06-23      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| MERCURY CHILE HOLDCO LLC                           | Mercury Chile Holdco LLC                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $441600.00    | 0.29%             | 2027-01-24      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                             | Egypt Government International Bond                                                                                              | CUSIP: 03846JX39<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   2000000 | PA      | $1314958.00   | 0.85%             | 2059-11-20      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                              | Guatemala Government Bond                                                                                                        | CUSIP: 401494AU3<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    400000 | PA      | $323176.73    | 0.21%             | 2041-10-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SOCIALIST REP OF VIETNAM                           | Vietnam Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5493008AE7RS4XK4BZ08 | Long             | DBT              | NUSS              | VN        |   1900000 | PA      | $1879100.00   | 1.22%             | 2024-11-19      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                             | Oman Government International Bond                                                                                               | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    450000 | PA      | $450450.00    | 0.29%             | 2023-01-17      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                | Ecuador Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   2301568 | PA      | $1069626.22   | 0.69%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                              | Indonesia Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   1300000 | PA      | $1290953.43   | 0.84%             | 2025-01-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                            | Pakistan Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    325000 | PA      | $117000.00    | 0.08%             | 2031-04-08      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                              | Argentine Republic Government International Bond                                                                                 | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1310000 | PA      | $372811.75    | 0.24%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                           | Digicel International Finance Ltd/Digicel international Holdings Ltd                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1859000 | PA      | $1601677.22   | 1.04%             | 2024-05-25      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                                 | Turkey Government International Bond                                                                                             | CUSIP: 900123DC1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $164622.00    | 0.11%             | 2031-06-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARAGVI FINANCE INTL                                | Aragvi Finance International DAC                                                                                                 | CUSIP: 000000000<br>LEI: 635400VKAYT1VT6VBF50 | Long             | DBT              | CORP              | IE        |   1090000 | PA      | $781774.16    | 0.51%             | 2026-04-29      | Fixed         | 8.45%                 | Yes           |                  2 | On Loan: No      |
| Republic of Zambia                                 | Zambia Government International Bond                                                                                             | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    635000 | PA      | $291617.40    | 0.19%             | 2024-04-14      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                | Honduras Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |   2456000 | PA      | $2173111.22   | 1.41%             | 2027-01-19      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                           | Corp Financiera de Desarrollo SA                                                                                                 | CUSIP: 21987DAB0<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |    978000 | PA      | $938190.51    | 0.61%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VTR COMUNICACIONES SPA                             | VTR Comunicaciones SpA                                                                                                           | CUSIP: 000000000<br>LEI: 213800XDZJKMC1AEUV94 | Long             | DBT              | CORP              | CL        |    622000 | PA      | $365210.41    | 0.24%             | 2029-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    655000 | PA      | $706320.27    | 0.46%             | 2029-09-27      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                | Petroleos Mexicanos                                                                                                              | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1200000 | PA      | $910959.60    | 0.59%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                | Honduras Government International Bond                                                                                           | CUSIP: 438180AJ0<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |    230000 | PA      | $185516.08    | 0.12%             | 2030-06-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey                                 | Turkey Government International Bond                                                                                             | CUSIP: 900123AY6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $168064.20    | 0.11%             | 2036-03-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                      | PURCHASED USD / SOLD EUR                                                                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $-25291.76    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NORTH MACEDONIA                                    | North Macedonia Government International Bond                                                                                    | CUSIP: 000000000<br>LEI: 635400RD1N6RVNCE4958 | Long             | DBT              | NUSS              | MK        |   1921000 | PA      | $1615560.45   | 1.05%             | 2028-03-10      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                 | Serbia International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |   1000000 | PA      | $722100.00    | 0.47%             | 2030-12-01      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                | Ecuador Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   1421474 | PA      | $585407.56    | 0.38%             | 2040-07-31      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                             | US 2YR NOTE (CBT) MAR23                                                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         1 | NC      | $234.38       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Kazakhstan                             | Kazakhstan Government International Bond                                                                                         | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   1100000 | PA      | $1149258.00   | 0.75%             | 2045-07-21      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TOTAL PLAY TELECOM                                 | Total Play Telecomunicaciones SA de CV                                                                                           | CUSIP: 000000000<br>LEI: 4469000001BSAPAMOQ06 | Long             | DBT              | CORP              | MX        |   1027000 | PA      | $901767.93    | 0.58%             | 2025-11-12      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                | Ecuador Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    351225 | PA      | $138929.48    | 0.09%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KERNEL HOLDING SA                                  | Kernel Holding SA                                                                                                                | CUSIP: 000000000<br>LEI: 5493003GR6L4DZOS2U12 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $90214.32     | 0.06%             | 2024-10-17      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Provincia de Cordoba                               | Provincia de Cordoba                                                                                                             | CUSIP: 000000000<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |    962862 | PA      | $781121.80    | 0.51%             | 2025-12-10      | Variable      | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CORURIPE NETHERLANDS BV                            | Coruripe Netherlands BV                                                                                                          | CUSIP: 000000000<br>LEI: 724500EL5MDC9RD0FW48 | Long             | DBT              | CORP              | NL        |    860000 | PA      | $690150.00    | 0.45%             | 2027-02-10      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Republic of El Salvador                            | El Salvador Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |   1785000 | PA      | $798787.50    | 0.52%             | 2027-01-18      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                             | Oman Government International Bond                                                                                               | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    500000 | PA      | $470010.00    | 0.30%             | 2048-01-17      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                              | Venezuela Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | N/A              | DE               |  | VE        |      5450 | NS      | $27250.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ULKER BISKUVI SANAYI AS                            | Ulker Biskuvi Sanayi AS                                                                                                          | CUSIP: 000000000<br>LEI: 7890009HEU9BS7J3DA93 | Long             | DBT              | CORP              | TR        |   1080000 | PA      | $913867.92    | 0.59%             | 2025-10-30      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| TIMES CHINA HLDG LTD                               | Times China Holdings Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 2549000KTINB9ZPZP710 | Long             | DBT              | CORP              | KY        |    410000 | PA      | $90654.09     | 0.06%             | 2023-07-16      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Republic of El Salvador                            | El Salvador Government International Bond                                                                                        | CUSIP: 283875BW1<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    250000 | PA      | $111749.82    | 0.07%             | 2029-02-28      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Republic of Sri Lanka                              | Sri Lanka Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $64050.39     | 0.04%             | 2029-03-14      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| HIDROVIAS INT FIN SARL                             | Hidrovias International Finance SARL                                                                                             | CUSIP: 000000000<br>LEI: 222100RBWNBUZOTA9381 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $742001.25    | 0.48%             | 2031-02-08      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                             | Republic of Uzbekistan International Bond                                                                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   1000000 | PA      | $825000.00    | 0.53%             | 2031-10-19      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Republic of Peru                                   | Peruvian Government International Bond                                                                                           | CUSIP: 715638AU6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    600000 | PA      | $634364.06    | 0.41%             | 2037-03-14      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                                  | Republic of Kenya Government International Bond                                                                                  | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    550000 | PA      | $483840.50    | 0.31%             | 2028-02-28      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                 | Panama Government International Bond                                                                                             | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    550000 | PA      | $356611.71    | 0.23%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                              | Indonesia Government International Bond                                                                                          | CUSIP: 455780CJ3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $195519.20    | 0.13%             | 2049-02-11      | Fixed         | 5.35%                 | No            |                  2 | On Loan: —       |
| Republic of Guatemala                              | Guatemala Government Bond                                                                                                        | CUSIP: 401494AR0<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    380000 | PA      | $359009.83    | 0.23%             | 2050-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 77586TAE6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    800000 | PA      | $738834.40    | 0.48%             | 2044-01-22      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Republic of Indonesia                              | Indonesia Government International Bond                                                                                          | CUSIP: 455780BU9<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   1014000 | PA      | $986183.07    | 0.64%             | 2045-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                  | Vedanta Resources Finance II PLC                                                                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $697713.92    | 0.45%             | 2024-01-21      | Fixed         | 13.88%                | Yes           |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                    | Nigeria Government International Bond                                                                                            | CUSIP: 65412JAC7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    620000 | PA      | $502181.40    | 0.33%             | 2027-11-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                           | Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio                                                     | CUSIP: 61747C525<br>LEI: 549300OJY9IZ31SGS926 | Long             | STIV             | RF                | US        |    674677 | NS      | $674677.17    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Indonesia                              | Indonesia Government International Bond                                                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    400000 | PA      | $449594.22    | 0.29%             | 2044-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Dominican Republic                                 | Dominican Republic International Bond                                                                                            | CUSIP: 25714PCF3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    800000 | PA      | $748765.25    | 0.49%             | 2044-04-30      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    420000 | PA      | $313832.31    | 0.20%             | 2030-07-13      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    103000 | PA      | $76242.89     | 0.05%             | 2031-07-16      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA                                            | Romanian Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    830000 | PA      | $666170.01    | 0.43%             | 2034-02-07      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                           | AES Panama Generation Holdings SRL                                                                                               | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    500000 | PA      | $435522.50    | 0.28%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                 | Angolan Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    550000 | PA      | $484154.00    | 0.31%             | 2029-11-26      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                           | Petroleos de Venezuela SA                                                                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |  15570000 | PA      | $759037.50    | 0.49%             | 2026-11-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of Azerbaijan                             | Republic of Azerbaijan International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300P74FF45UQVU281 | Long             | DBT              | NUSS              | AZ        |    808000 | PA      | $675690.00    | 0.44%             | 2032-09-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| ARDSHININVESTBK (DILIJAN                           | Ardshinbank CJSC Via Dilijan Finance BV                                                                                          | CUSIP: 000000000<br>LEI: 549300DCGXFXAP2FEV07 | Long             | DBT              | CORP              | NL        |    670000 | PA      | $638909.32    | 0.41%             | 2025-01-28      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                | Honduras Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |    635000 | PA      | $512185.70    | 0.33%             | 2030-06-24      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                             | Republic of Uzbekistan International Bond                                                                                        | CUSIP: 91822Q2C0<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    301000 | PA      | $252656.09    | 0.16%             | 2030-11-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                            | El Salvador Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |   1209000 | PA      | $1184746.33   | 0.77%             | 2023-01-24      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Eurex Deutschland                                  | EURO-BUXL 30Y BND MAR23                                                                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -1 | NC      | $30208.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MC BRAZIL DWNSTRM                                  | MC Brazil Downstream Trading SARL                                                                                                | CUSIP: 000000000<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    990000 | PA      | $818292.32    | 0.53%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Dominican Republic                                 | Dominican Republic International Bond                                                                                            | CUSIP: 25714PDJ4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1000000 | PA      | $1011580.65   | 0.66%             | 2026-01-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                           | Puma International Financing SA                                                                                                  | CUSIP: 000000000<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |   1150000 | PA      | $1080574.50   | 0.70%             | 2024-10-06      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Kingdom of Bahrain                                 | Bahrain Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |   1520000 | PA      | $1371106.88   | 0.89%             | 2047-09-20      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| HTA GROUP LTD                                      | HTA Group Ltd/Mauritius                                                                                                          | CUSIP: 000000000<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |   1200000 | PA      | $1116000.00   | 0.72%             | 2025-12-18      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                 | Panama Government International Bond                                                                                             | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1770000 | PA      | $1297047.45   | 0.84%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                 | Dominican Republic International Bond                                                                                            | CUSIP: 25714PCW6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    900000 | PA      | $784780.60    | 0.51%             | 2045-01-27      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                             | Egypt Government International Bond                                                                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    800000 | PA      | $598014.74    | 0.39%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF SALTA                                  | Province of Salta Argentina                                                                                                      | CUSIP: 000000000<br>LEI: 529900F2BTF8AUQGEP42 | Long             | DBT              | NUSS              | AR        |    152000 | PA      | $106590.00    | 0.07%             | 2027-12-01      | Variable      | 8.50%                 | Yes           |                  2 | On Loan: No      |
| FRIGORIFICO CONCEPCION                             | Frigorifico Concepcion SA                                                                                                        | CUSIP: 000000000<br>LEI: 529900Q6VZVL47QJCQ91 | Long             | DBT              | CORP              | PY        |   1330000 | PA      | $1075697.35   | 0.70%             | 2028-07-21      | Fixed         | 7.70%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                 | Dominican Republic International Bond                                                                                            | CUSIP: 25714PEG9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    550000 | PA      | $426455.45    | 0.28%             | 2041-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BK INDIA                             | Export-Import Bank of India                                                                                                      | CUSIP: 30216JAA3<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |    800000 | PA      | $750148.00    | 0.49%             | 2026-08-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Pertamina Persero PT                               | Pertamina Persero PT                                                                                                             | CUSIP: 69370PAC5<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    500000 | PA      | $502543.76    | 0.33%             | 2048-11-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BARBADOS GOVT OF                                   | Barbados Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |   2410000 | PA      | $2246121.49   | 1.46%             | 2029-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FONDO MIVIVIENDA SA                                | Fondo MIVIVIENDA SA                                                                                                              | CUSIP: 344593AF5<br>LEI: 549300X41PNOK11PZ670 | Long             | DBT              | NUSS              | PE        |    360000 | PA      | $341412.81    | 0.22%             | 2027-04-12      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                  | EURO-BUND FUTURE MAR23                                                                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -41 | NC      | $394121.78    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF SERBIA                                 | Serbia International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    432000 | PA      | $261930.12    | 0.17%             | 2036-09-23      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| Republic of Zambia                                 | Zambia Government International Bond                                                                                             | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |   1850000 | PA      | $833055.00    | 0.54%             | 2027-07-30      | Fixed         | 8.97%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                                 | Braskem Idesa SAPI                                                                                                               | CUSIP: 000000000<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |   1810000 | PA      | $1431928.83   | 0.93%             | 2029-11-15      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-25

**Name of Applicant:** MORGAN STANLEY EMERGING MARKETS DEBT FUND INC

**Signature:** Francis Smith

**Name of Signer:** Francis Smith

**Title:** Principal Financial Officer