# EDGAR Filing Document

**Accession Number:** 0000914775
**File Stem:** 0001775697-23-000216
**Filing Date:** 2023-3
**Character Count:** 167404
**Document Hash:** 1f3397cacf4531c5072fa64d896ef366
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001775697-23-000216.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001775697-23-000216

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon Advantage Funds, Inc.
- **CENTRAL INDEX KEY:** 0000914775
- **IRS NUMBER:** 133851784
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07123
- **FILM NUMBER:** 23758596

**BUSINESS ADDRESS:**
- **STREET 1:** BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 212-922-6400

**MAIL ADDRESS:**
- **STREET 1:** BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Advantage Funds, Inc.
- **DATE OF NAME CHANGE:** 20060502

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS GROWTH & VALUE FUNDS INC
- **DATE OF NAME CHANGE:** 19951004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS FOCUS FUNDS INC
- **DATE OF NAME CHANGE:** 19940304

## Series and Classes Contracts Data

### BNY Mellon Global Dynamic Bond Income Fund (Series ID: S000031204)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000096886 | Class A      | DGDAX           |
| C000096887 | Class C      | DGDCX           |
| C000096888 | Class I      | DGDIX           |
| C000130432 | Class Y      | DGDYX           |

## Nport-Ex

STATEMENT OF INVESTMENTS<br>BNY Mellon Global Dynamic Bond Income Fund

January 31, 2023 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description  | Coupon <br>Rate (%) | Coupon <br>Rate (%) | Maturity<br>Date | Principal<br>Amount ($) | <sup>a</sup>  | Value ($) |
| **Bonds and Notes - 89.2%**  | **Bonds and Notes - 89.2%**  | **Bonds and Notes - 89.2%**  | **Bonds and Notes - 89.2%**  |  |  |  |
| **Australia - 4.6%**  | **Australia - 4.6%**  | **Australia - 4.6%**  | **Australia - 4.6%**  |  |  |  |
| Australia, Bonds, Ser. 166 | AUD | 3.00 | 11/21/2033 | 3485000 |  | 2332401 |
| Australia, Sr. Unscd. Bonds, Ser. 162 | AUD | 1.75 | 6/21/2051 | 4220000 |  | 1873579 |
| Commonwealth Bank of Australia, Covered Bonds |  | 3.21 | 5/27/2025 | 720000 | <sup>b,c</sup>  | 698049 |
| National Australia Bank Ltd., Sr. Unscd. Notes |  | 3.50 | 6/9/2025 | 450000 |  | 438717 |
|  |  |  |  |  | **5342746** | **5342746** |
| **Austria - .1%**  | **Austria - .1%**  | **Austria - .1%**  | **Austria - .1%**  |  |  |  |
| CA Immobilien Anlagen AG, Sr. Unscd. Notes | EUR | 0.88 | 2/5/2027 | 200000 |  | **177155** |
| **Azerbaijan - .7%**  | **Azerbaijan - .7%**  | **Azerbaijan - .7%**  | **Azerbaijan - .7%**  |  |  |  |
| Azerbaijan, Sr. Unscd. Bonds |  | 5.13 | 9/1/2029 | 843000 |  | **815416** |
| **Bahamas - .3%**  | **Bahamas - .3%**  | **Bahamas - .3%**  | **Bahamas - .3%**  |  |  |  |
| Bahamas, Sr. Unscd. Notes |  | 8.95 | 10/15/2032 | 390000 |  | **336615** |
| **Bahrain - .3%**  | **Bahrain - .3%**  | **Bahrain - .3%**  | **Bahrain - .3%**  |  |  |  |
| Bahrain, Sr. Unscd. Notes |  | 4.25 | 1/25/2028 | 326000 |  | **305343** |
| **Bermuda - .3%**  | **Bermuda - .3%**  | **Bermuda - .3%**  | **Bermuda - .3%**  |  |  |  |
| Hiscox Ltd., Sr. Unscd. Notes | GBP | 6.00 | 9/22/2027 | 265000 |  | **335899** |
| **Bolivia - .6%**  | **Bolivia - .6%**  | **Bolivia - .6%**  | **Bolivia - .6%**  |  |  |  |
| Bolivia, Sr. Unscd. Notes |  | 4.50 | 3/20/2028 | 900000 |  | **686312** |
| **Brazil - 2.1%**  | **Brazil - 2.1%**  | **Brazil - 2.1%**  | **Brazil - 2.1%**  |  |  |  |
| Brazil, Sr. Unscd. Bonds |  | 5.00 | 1/27/2045 | 1480000 |  | 1162580 |
| Brazil Letras do Tesouro Nacional, Treasury Bills | BRL | 0.00 | 1/1/2026 | 9000000 | <sup>d</sup>  | 1244637 |
|  |  |  |  |  | **2407217** | **2407217** |
| **British Virgin - .2%**  | **British Virgin - .2%**  | **British Virgin - .2%**  | **British Virgin - .2%**  |  |  |  |
| Greenland Global Investment Ltd., Gtd. Notes |  | 6.13 | 4/22/2025 | 380000 |  | **197404** |
| **Canada - 3.7%**  | **Canada - 3.7%**  | **Canada - 3.7%**  | **Canada - 3.7%**  |  |  |  |
| Canada, Bonds | CAD | 4.00 | 12/1/2031 | 2613776 | <sup>e</sup>  | 2438726 |
| Canada Housing Trust No. 1, Govt. Gtd. Bonds | CAD | 2.35 | 9/15/2023 | 2030000 | <sup>b</sup>  | 1505424 |
| First Quantum Minerals Ltd., Gtd. Notes |  | 6.88 | 3/1/2026 | 330000 | <sup>b</sup>  | 321311 |
|  |  |  |  |  | **4265461** | **4265461** |
| **Cayman Islands - .7%**  | **Cayman Islands - .7%**  | **Cayman Islands - .7%**  | **Cayman Islands - .7%**  |  |  |  |
| CSN Inova Ventures, Gtd. Notes |  | 6.75 | 1/28/2028 | 329000 |  | 328999 |
| KWG Group Holdings Ltd., Sr. Scd. Bonds |  | 7.88 | 8/30/2024 | 260000 |  | 131300 |

---

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description  | Coupon <br>Rate (%) | Coupon <br>Rate (%) | Maturity<br>Date | Principal<br>Amount ($) | <sup>a</sup>  | Value ($) |
| **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** |  |  |  |
| **Cayman Islands - .7% (continued)** | **Cayman Islands - .7% (continued)** | **Cayman Islands - .7% (continued)** | **Cayman Islands - .7% (continued)** |  |  |  |
| Sable International Finance Ltd., Sr. Scd. Notes |  | 5.75 | 9/7/2027 | 276000 | <sup>b</sup>  | 264629 |
| Shimao Group Holdings Ltd., Sr. Scd. Bonds |  | 4.75 | 8/3/2023 | 465000 | <sup>f</sup>  | 111011 |
|  |  |  |  |  | **835939** | **835939** |
| **Chile - .3%**  | **Chile - .3%**  | **Chile - .3%**  | **Chile - .3%**  |  |  |  |
| VTR Comunicaciones SPA, Sr. Scd. Notes |  | 4.38 | 4/15/2029 | 473000 | <sup>b</sup>  | **312180** |
| **Colombia - 1.5%**  | **Colombia - 1.5%**  | **Colombia - 1.5%**  | **Colombia - 1.5%**  |  |  |  |
| Colombia, Bonds | COP | 6.00 | 4/28/2028 | 3556400000 |  | 591324 |
| Colombia, Bonds | COP | 7.00 | 6/30/2032 | 7236300000 |  | 1113198 |
|  |  |  |  |  | **1704522** | **1704522** |
| **Denmark - .4%**  | **Denmark - .4%**  | **Denmark - .4%**  | **Denmark - .4%**  |  |  |  |
| Orsted AS, Gtd. Notes | EUR | 3.25 | 9/13/2031 | 319000 |  | 338908 |
| Orsted AS, Jr. Sub. Notes | GBP | 2.50 | 2/18/2033 | 132000 | <sup>g</sup>  | 115358 |
|  |  |  |  |  | **454266** | **454266** |
| **Dominican Republic - .6%**  | **Dominican Republic - .6%**  | **Dominican Republic - .6%**  | **Dominican Republic - .6%**  |  |  |  |
| Dominican Republic, Sr. Unscd. Bonds |  | 7.45 | 4/30/2044 | 750000 |  | **733808** |
| **Ecuador - .4%**  | **Ecuador - .4%**  | **Ecuador - .4%**  | **Ecuador - .4%**  |  |  |  |
| Ecuador, Sr. Unscd. Notes |  | 0.00 | 7/31/2030 | 64221 | <sup>b,h</sup>  | 27602 |
| Ecuador, Sr. Unscd. Notes |  | 1.50 | 7/31/2040 | 224730 | <sup>b</sup>  | 95391 |
| Ecuador, Sr. Unscd. Notes |  | 2.50 | 7/31/2035 | 490347 | <sup>b</sup>  | 240188 |
| Ecuador, Sr. Unscd. Notes |  | 5.50 | 7/31/2030 | 187110 | <sup>b</sup>  | 125125 |
|  |  |  |  |  | **488306** | **488306** |
| **Ethiopia - .2%**  | **Ethiopia - .2%**  | **Ethiopia - .2%**  | **Ethiopia - .2%**  |  |  |  |
| Ethiopia, Sr. Unscd. Notes |  | 6.63 | 12/11/2024 | 382000 |  | **260528** |
| **France - 3.0%**  | **France - 3.0%**  | **France - 3.0%**  | **France - 3.0%**  |  |  |  |
| Altice France SA, Sr. Scd. Notes | EUR | 3.38 | 1/15/2028 | 273000 |  | 233715 |
| Banijay Entertainment Sasu, Sr. Scd. Bonds | EUR | 3.50 | 3/1/2025 | 324000 |  | 341319 |
| BNP Paribas SA, Jr. Sub. Notes |  | 7.38 | 8/19/2025 | 950000 | <sup>g</sup>  | 956417 |
| Chrome Bidco SASU, Sr. Scd. Bonds | EUR | 3.50 | 5/31/2028 | 186000 |  | 168585 |
| Cie de Saint-Gobain, Sr. Unscd. Notes | EUR | 1.63 | 8/10/2025 | 600000 |  | 625863 |
| Electricite de France SA, Jr. Sub. Notes | GBP | 6.00 | 1/29/2026 | 200000 | <sup>g</sup>  | 229718 |
| Iliad Holding SASU, Sr. Scd. Notes | EUR | 5.63 | 10/15/2028 | 213000 |  | 216511 |
| Picard Groupe SAS, Sr. Scd. Bonds | EUR | 3.88 | 7/1/2026 | 237000 |  | 234473 |
| Societe Generale SA, Jr. Sub. Bonds |  | 7.88 | 12/18/2023 | 500000 | <sup>g</sup>  | 503140 |
|  |  |  |  |  | **3509741** | **3509741** |
| **Germany - .9%**  | **Germany - .9%**  | **Germany - .9%**  | **Germany - .9%**  |  |  |  |
| Infineon Technologies AG, Jr. Sub. Bonds | EUR | 3.63 | 4/1/2028 | 200000 | <sup>g</sup>  | 201143 |
| Infineon Technologies AG, Jr. Sub. Notes | EUR | 2.88 | 4/1/2025 | 300000 | <sup>g</sup>  | 310058 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description  | Coupon <br>Rate (%) | Coupon <br>Rate (%) | Maturity<br>Date | Principal<br>Amount ($) | <sup>a</sup>  | Value ($) |
| **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** |  |  |  |
| **Germany - .9% (continued)** | **Germany - .9% (continued)** | **Germany - .9% (continued)** | **Germany - .9% (continued)** |  |  |  |
| Peach Property Finance GmbH, Sr. Unscd. Notes | EUR | 4.38 | 11/15/2025 | 396000 |  | 326224 |
| TK Elevator Midco GmbH, Sr. Scd. Bonds | EUR | 4.38 | 7/15/2027 | 233000 |  | 229955 |
|  |  |  |  |  | **1067380** | **1067380** |
| **India - .3%**  | **India - .3%**  | **India - .3%**  | **India - .3%**  |  |  |  |
| GMR Hyderabad International Airport Ltd., Sr. Scd. Notes |  | 4.25 | 10/27/2027 | 376000 |  | **331820** |
| **Indonesia - 2.3%**  | **Indonesia - 2.3%**  | **Indonesia - 2.3%**  | **Indonesia - 2.3%**  |  |  |  |
| Indonesia, Bonds | IDR | 6.38 | 4/15/2032 | 9521000000 |  | 621850 |
| Indonesia, Bonds, Ser. FR81 | IDR | 6.50 | 6/15/2025 | 29779000000 |  | 2003239 |
|  |  |  |  |  | **2625089** | **2625089** |
| **Ireland - 1.1%**  | **Ireland - 1.1%**  | **Ireland - 1.1%**  | **Ireland - 1.1%**  |  |  |  |
| AIB Group PLC, Sr. Unscd. Notes | EUR | 4.63 | 7/23/2029 | 428000 |  | 464455 |
| Bank of Ireland Group PLC, Jr. Sub. Notes | EUR | 7.50 | 11/19/2025 | 280000 | <sup>g</sup>  | 304454 |
| LCPR Senior Secured Financing DAC, Sr. Scd. Notes |  | 5.13 | 7/15/2029 | 230000 | <sup>b</sup>  | 202684 |
| Virgin Media Vendor Financing Notes III DAC, Sr. Scd. Bonds | GBP | 4.88 | 7/15/2028 | 300000 |  | 311120 |
|  |  |  |  |  | **1282713** | **1282713** |
| **Italy - 1.8%**  | **Italy - 1.8%**  | **Italy - 1.8%**  | **Italy - 1.8%**  |  |  |  |
| Cedacri Mergeco SPA, Sr. Scd. Notes, 3 Month EURIBOR +4.63% | EUR | 6.39 | 5/15/2028 | 204000 | <sup>i</sup>  | 212020 |
| Conceria Pasubio SPA, Sr. Scd. Bonds, 3 Month EURIBOR +4.50% | EUR | 6.70 | 9/30/2028 | 380000 | <sup>i</sup>  | 326982 |
| FIS Fabbrica Italiana Sintetici SPA, Sr. Scd. Bonds | EUR | 5.63 | 8/1/2027 | 310000 |  | 288651 |
| Nexi SPA, Sr. Unscd. Notes | EUR | 1.63 | 4/30/2026 | 149000 |  | 145547 |
| UniCredit SPA, Jr. Sub. Bonds |  | 8.00 | 6/3/2024 | 560000 | <sup>g</sup>  | 554750 |
| UniCredit SPA, Jr. Sub. Notes | EUR | 3.88 | 6/3/2027 | 600000 | <sup>g</sup>  | 515828 |
|  |  |  |  |  | **2043778** | **2043778** |
| **Japan - .2%**  | **Japan - .2%**  | **Japan - .2%**  | **Japan - .2%**  |  |  |  |
| Softbank Group Corp., Sr. Unscd. Notes | EUR | 2.88 | 1/6/2027 | 240000 |  | **229547** |
| **Jersey - .3%**  | **Jersey - .3%**  | **Jersey - .3%**  | **Jersey - .3%**  |  |  |  |
| CPUK Finance Ltd., Scd. Notes | GBP | 4.88 | 8/28/2025 | 290000 |  | **341517** |
| **Luxembourg - 3.0%**  | **Luxembourg - 3.0%**  | **Luxembourg - 3.0%**  | **Luxembourg - 3.0%**  |  |  |  |
| 4finance SA, Gtd. Bonds | EUR | 10.75 | 10/26/2026 | 400000 |  | 390107 |
| Adler Group SA, Sr. Unscd. Notes | EUR | 2.25 | 4/27/2027 | 300000 |  | 129636 |
| Albion Financing 1 Sarl, Sr. Scd. Notes | EUR | 5.25 | 10/15/2026 | 209000 |  | 205063 |
| Altice Financing SA, Sr. Scd. Bonds | EUR | 3.00 | 1/15/2028 | 240000 |  | 210094 |
| AnaCap Financial Europe SA, Sr. Scd. Notes, 3 Month EURIBOR +5.00% | EUR | 7.48 | 8/1/2024 | 400000 | <sup>c,i</sup>  | 365282 |

---

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description  | Coupon <br>Rate (%) | Coupon <br>Rate (%) | Maturity<br>Date | Principal<br>Amount ($)<br><sup>a</sup>  | Value ($) |
| **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** |  |  |
| **Luxembourg - 3.0% (continued)** | **Luxembourg - 3.0% (continued)** | **Luxembourg - 3.0% (continued)** | **Luxembourg - 3.0% (continued)** |  |  |
| CBRE Global Investors Open-Ended Fund SCA SICAV-SIF Pan European Core Fund, Sr. Unscd. Notes | EUR | 0.50 | 1/27/2028 | 464000 | 396434 |
| Cirsa Finance International Sarl, Sr. Scd. Bonds | EUR | 4.75 | 5/22/2025 | 282000 | 292704 |
| Dana Financing Luxembourg Sarl, Gtd. Notes | EUR | 3.00 | 7/15/2029 | 268000 | 237559 |
| Kleopatra Finco Sarl, Sr. Scd. Bonds | EUR | 4.25 | 3/1/2026 | 310000 | 284026 |
| Matterhorn Telecom SA, Sr. Scd. Notes | EUR | 3.13 | 9/15/2026 | 229000 | 228408 |
| Millicom International Cellular SA, Sr. Unscd. Notes |  | 4.50 | 4/27/2031 | 201000<br> <sup>b</sup>  | 170424 |
| Millicom International Cellular SA, Sr. Unscd. Notes |  | 4.50 | 4/27/2031 | 250000 | 211970 |
| Sani/Ikos Financial Holdings 1 Sarl, Sr. Scd. Bonds | EUR | 5.63 | 12/15/2026 | 325000 | 328153 |
|  |  |  |  |  | **3449860** |
| **Malaysia - .6%**  | **Malaysia - .6%**  | **Malaysia - .6%**  | **Malaysia - .6%**  |  |  |
| Malaysia, Bonds, Ser. 419 | MYR | 3.83 | 7/5/2034 | 2780000 | **648573** |
| **Mexico - 3.9%**  | **Mexico - 3.9%**  | **Mexico - 3.9%**  | **Mexico - 3.9%**  |  |  |
| Cemex SAB de CV, Gtd. Notes |  | 3.88 | 7/11/2031 | 280000 | 236333 |
| Mexico, Bonds, Ser. M | MXN | 7.75 | 5/29/2031 | 25000000 | 1256140 |
| Mexico, Bonds, Ser. M | MXN | 8.00 | 11/7/2047 | 24000000 | 1175459 |
| Mexico, Sr. Unscd. Bonds, Ser. M20 | MXN | 8.50 | 5/31/2029 | 25000000 | 1317039 |
| Sigma Alimentos SA de CV, Gtd. Bonds | EUR | 2.63 | 2/7/2024 | 536000 | 574880 |
|  |  |  |  |  | **4559851** |
| **Mongolia - .6%**  | **Mongolia - .6%**  | **Mongolia - .6%**  | **Mongolia - .6%**  |  |  |
| Mongolia, Sr. Unscd. Bonds |  | 5.13 | 4/7/2026 | 720000<br> <sup>c</sup>  | **678600** |
| **Mozambique - .3%**  | **Mozambique - .3%**  | **Mozambique - .3%**  | **Mozambique - .3%**  |  |  |
| Mozambique, Unscd. Notes |  | 5.00 | 9/15/2031 | 414000 | **333585** |
| **Netherlands - 3.4%**  | **Netherlands - 3.4%**  | **Netherlands - 3.4%**  | **Netherlands - 3.4%**  |  |  |
| IHS Netherlands Holdco BV, Gtd. Notes |  | 8.00 | 9/18/2027 | 410000 | 371112 |
| ING Groep NV, Jr. Sub. Bonds |  | 6.75 | 4/16/2024 | 1050000<br> <sup>g</sup>  | 1033594 |
| Nobel Bidco BV, Sr. Scd. Bonds | EUR | 3.13 | 6/15/2028 | 295000 | 230003 |
| Nobian Finance BV, Sr. Scd. Bonds | EUR | 3.63 | 7/15/2026 | 317000<br> <sup>c</sup>  | 298844 |
| Telefonica Europe BV, Gtd. Notes | EUR | 4.38 | 3/14/2025 | 300000<br> <sup>g</sup>  | 320573 |
| United Group BV, Sr. Scd. Notes | EUR | 4.88 | 7/1/2024 | 217000 | 228844 |
| United Group BV, Sr. Scd. Notes, 3 Month EURIBOR +4.13% | EUR | 5.92 | 5/15/2025 | 170000<br> <sup>i</sup>  | 174057 |
| Universal Music Group NV, Sr. Unscd. Notes | EUR | 3.00 | 6/30/2027 | 620000 | 657196 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description  | Coupon <br>Rate (%) | Coupon <br>Rate (%) | Maturity<br>Date | Principal<br>Amount ($)<br><sup>a</sup>  | Value ($) |
| **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** |  |  |
| **Netherlands - 3.4% (continued)** | **Netherlands - 3.4% (continued)** | **Netherlands - 3.4% (continued)** | **Netherlands - 3.4% (continued)** |  |  |
| Volkswagen International Finance NV, Gtd. Notes | EUR | 3.88 | 6/17/2029 | 600000<br> <sup>g</sup>  | 571455 |
|  |  |  |  |  | **3885678** |
| **New Zealand - 5.3%**  | **New Zealand - 5.3%**  | **New Zealand - 5.3%**  | **New Zealand - 5.3%**  |  |  |
| New Zealand, Bonds, Ser. 437 | NZD | 2.75 | 4/15/2037 | 2670000 | 1431224 |
| New Zealand, Bonds, Ser. 551 | NZD | 2.75 | 5/15/2051 | 3230000 | 1536131 |
| New Zealand, Bonds, Ser. 930 | NZD | 3.00 | 9/20/2030 | 2170000<br> <sup>e</sup>  | 1855581 |
| New Zealand, Govt. Gtd. Bonds | NZD | 3.50 | 4/14/2033 | 1120000 | 646215 |
| New Zealand , Govt. Gtd. Bonds | NZD | 2.25 | 4/15/2024 | 1020000 | 635397 |
|  |  |  |  |  | **6104548** |
| **Norway - .8%**  | **Norway - .8%**  | **Norway - .8%**  | **Norway - .8%**  |  |  |
| Kommunalbanken AS, Sr. Unscd. Bonds, 3 Month SOFR +1.00% |  | 5.31 | 6/17/2026 | 898000<br> <sup>i</sup>  | **913275** |
| **Oman - .4%**  | **Oman - .4%**  | **Oman - .4%**  | **Oman - .4%**  |  |  |
| Oman, Sr. Unscd. Notes |  | 4.88 | 2/1/2025 | 444000 | **440135** |
| **Peru - 1.5%**  | **Peru - 1.5%**  | **Peru - 1.5%**  | **Peru - 1.5%**  |  |  |
| Peru, Sr. Unscd. Bonds |  | 2.78 | 1/23/2031 | 680000 | 577274 |
| Peru, Sr. Unscd. Bonds | PEN | 6.15 | 8/12/2032 | 4870000 | 1108913 |
|  |  |  |  |  | **1686187** |
| **Qatar - .6%**  | **Qatar - .6%**  | **Qatar - .6%**  | **Qatar - .6%**  |  |  |
| Qatar, Sr. Unscd. Notes |  | 3.40 | 4/16/2025 | 672000 | **656976** |
| **Saudi Arabia - .6%**  | **Saudi Arabia - .6%**  | **Saudi Arabia - .6%**  | **Saudi Arabia - .6%**  |  |  |
| Saudi, Sr. Unscd. Notes |  | 5.50 | 10/25/2032 | 614000 | **658975** |
| **Singapore - .3%**  | **Singapore - .3%**  | **Singapore - .3%**  | **Singapore - .3%**  |  |  |
| Singapore Airlines Ltd., Sr. Unscd. Notes |  | 3.00 | 7/20/2026 | 328000 | **307087** |
| **South Africa - 1.9%**  | **South Africa - 1.9%**  | **South Africa - 1.9%**  | **South Africa - 1.9%**  |  |  |
| South Africa, Sr. Unscd. Bonds, Ser. 2030 | ZAR | 8.00 | 1/31/2030 | 42010000 | **2213130** |
| **Spain - 1.4%**  | **Spain - 1.4%**  | **Spain - 1.4%**  | **Spain - 1.4%**  |  |  |
| Banco Santander SA, Jr. Sub. Bonds | EUR | 5.25 | 9/29/2023 | 400000<br> <sup>g</sup>  | 427330 |
| eDreams ODIGEO SA, Sr. Scd. Notes | EUR | 5.50 | 7/15/2027 | 240000 | 225040 |
| Lorca Telecom Bondco SA, Sr. Scd. Bonds | EUR | 4.00 | 9/18/2027 | 291000 | 290772 |
| Spain, Sr. Unscd. Bonds | EUR | 1.90 | 10/31/2052 | 970000<br> <sup>b</sup>  | 714362 |
|  |  |  |  |  | **1657504** |
| **Supranational - 3.5%**  | **Supranational - 3.5%**  | **Supranational - 3.5%**  | **Supranational - 3.5%**  |  |  |
| Asian Development Bank, Sr. Unscd. Notes | CNH | 2.90 | 3/5/2024 | 5500000 | 813820 |
| Clarios Global LP, Sr. Scd. Bonds | EUR | 4.38 | 5/15/2026 | 225000 | 234170 |
| European Union, Sr. Unscd. Notes | EUR | 0.45 | 7/4/2041 | 1444594 | 977128 |
| International Bank for Reconstruction & Development, Sr. Unscd. Notes, 3 Month SOFR +0.29% |  | 4.45 | 11/22/2028 | 820000<br> <sup>i</sup>  | 813006 |

---

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description  | Coupon <br>Rate (%) | Coupon <br>Rate (%) | Maturity<br>Date | Principal<br>Amount ($) | <sup>a</sup>  | Value ($) |
| **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** |  |  |  |
| **Supranational - 3.5% (continued)** | **Supranational - 3.5% (continued)** | **Supranational - 3.5% (continued)** | **Supranational - 3.5% (continued)** |  |  |  |
| International Finance Corp., Sr. Unscd. Notes | INR | 6.30 | 11/25/2024 | 98010000 |  | 1179661 |
|  |  |  |  |  | **4017785** | **4017785** |
| **Sweden - .7%**  | **Sweden - .7%**  | **Sweden - .7%**  | **Sweden - .7%**  |  |  |  |
| Heimstaden Bostad AB, Jr. Sub. Bonds | EUR | 2.63 | 5/1/2027 | 450000 | <sup>g</sup>  | 292956 |
| Samhallsbyggnadsbolaget i Norden AB, Jr. Sub. Notes | EUR | 2.63 | 3/14/2026 | 455000 | <sup>c,g</sup>  | 199860 |
| Verisure Holding AB, Sr. Scd. Bonds | EUR | 3.25 | 2/15/2027 | 324000 |  | 312397 |
|  |  |  |  |  | **805213** | **805213** |
| **Switzerland - .4%**  | **Switzerland - .4%**  | **Switzerland - .4%**  | **Switzerland - .4%**  |  |  |  |
| Credit Suisse Group AG, Jr. Sub. Notes |  | 7.25 | 9/12/2025 | 520000 | <sup>g</sup>  | **426478** |
| **Tajikistan - .2%**  | **Tajikistan - .2%**  | **Tajikistan - .2%**  | **Tajikistan - .2%**  |  |  |  |
| Tajikistan, Sr. Unscd. Notes |  | 7.13 | 9/14/2027 | 375000 |  | **291822** |
| **United Arab Emirates - .6%**  | **United Arab Emirates - .6%**  | **United Arab Emirates - .6%**  | **United Arab Emirates - .6%**  |  |  |  |
| MDGH GMTN RSC Ltd., Gtd. Notes |  | 5.50 | 4/28/2033 | 668000 |  | **714662** |
| **United Kingdom - 11.9%**  | **United Kingdom - 11.9%**  | **United Kingdom - 11.9%**  | **United Kingdom - 11.9%**  |  |  |  |
| BCP V Modular Services Finance II PLC, Sr. Scd. Bonds | EUR | 4.75 | 11/30/2028 | 296000 |  | 282470 |
| Close Brothers Finance PLC, Gtd. Notes | GBP | 2.75 | 10/19/2026 | 510000 |  | 583049 |
| Coventry Building Society, Jr. Sub. Bonds | GBP | 6.88 | 9/18/2024 | 650000 | <sup>g</sup>  | 776397 |
| Coventry Building Society, Sr. Unscd. Notes | GBP | 1.00 | 9/21/2025 | 468000 |  | 524817 |
| Deuce Finco PLC, Sr. Scd. Bonds | GBP | 5.50 | 6/15/2027 | 306000 |  | 321141 |
| Drax Finco PLC, Sr. Scd. Notes |  | 6.63 | 11/1/2025 | 363000 |  | 354404 |
| Heathrow Finance PLC, Sr. Scd. Notes | GBP | 5.75 | 3/3/2025 | 136000 |  | 166150 |
| Iceland Bondco PLC, Sr. Scd. Notes | GBP | 4.63 | 3/15/2025 | 350000 | <sup>c</sup>  | 377192 |
| International Finance Facility for Immunisation Co., Sr. Unscd. Notes |  | 1.00 | 4/21/2026 | 869000 |  | 786176 |
| Investec PLC, Jr. Sub. Notes | GBP | 6.75 | 12/5/2024 | 400000 | <sup>g</sup>  | 454584 |
| Iron Mountain UK PLC, Gtd. Notes | GBP | 3.88 | 11/15/2025 | 189000 |  | 218726 |
| Jerrold Finco PLC, Sr. Scd. Bonds | GBP | 4.88 | 1/15/2026 | 165000 |  | 179182 |
| Jerrold Finco PLC, Sr. Scd. Bonds | GBP | 5.25 | 1/15/2027 | 275000 |  | 289652 |
| Lloyds Banking Group PLC, Jr. Sub. Bonds | EUR | 4.95 | 6/27/2025 | 550000 | <sup>g</sup>  | 583038 |
| Lloyds Banking Group PLC, Jr. Sub. Notes | GBP | 5.13 | 12/27/2024 | 560000 | <sup>g</sup>  | 655013 |
| National Express Group PLC, Gtd. Notes | GBP | 2.38 | 11/20/2028 | 644000 |  | 681654 |
| National Express Group PLC, Gtd. Notes | GBP | 2.50 | 11/11/2023 | 620000 |  | 750711 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description  | Coupon <br>Rate (%) | Coupon <br>Rate (%) | Maturity<br>Date | Principal<br>Amount ($)<br><sup>a</sup>  | Value ($) |
| **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** |  |  |
| **United Kingdom - 11.9% (continued)** | **United Kingdom - 11.9% (continued)** | **United Kingdom - 11.9% (continued)** | **United Kingdom - 11.9% (continued)** |  |  |
| National Express Group PLC, Sub. Notes | GBP | 4.25 | 11/26/2025 | 160000<br> <sup>g</sup>  | 175731 |
| Nationwide Building Society, Jr. Sub. Bonds | GBP | 5.88 | 6/20/2025 | 416000<br> <sup>g</sup>  | 496486 |
| NatWest Group PLC, Jr. Sub. Bonds |  | 8.00 | 8/10/2025 | 250000<br> <sup>g</sup>  | 253114 |
| Ocado Group PLC, Gtd. Notes | GBP | 3.88 | 10/8/2026 | 294000 | 286476 |
| Stonegate Pub Co. Financing PLC, Sr. Scd. Bonds | GBP | 8.25 | 7/31/2025 | 303000 | 348198 |
| TESCO PLC, Sr. Unscd. Notes | GBP | 3.32 | 11/5/2025 | 160000<br> <sup>e</sup>  | 407696 |
| Tesco Property Finance 3 PLC, Sr. Scd. Bonds | GBP | 5.74 | 4/13/2040 | 348012 | 426888 |
| Travis Perkins PLC, Sr. Unscd. Notes | GBP | 3.75 | 2/17/2026 | 163000 | 181884 |
| Tritax Big Box REIT PLC, Sr. Unscd. Notes | GBP | 1.50 | 11/27/2033 | 559000 | 485407 |
| Tritax EuroBox PLC, Gtd. Notes | EUR | 0.95 | 6/2/2026 | 626000 | 564879 |
| United Kingdom Inflation-Linked Gilt, Bonds, Ser. 3MO | GBP | 0.75 | 3/22/2034 | 769892<br> <sup>e</sup>  | 1018755 |
| Virgin Money UK PLC, Sr. Unscd. Notes | GBP | 3.13 | 6/22/2025 | 680000 | 807796 |
| Vodafone Group PLC, Jr. Sub. Notes |  | 3.25 | 6/4/2081 | 400000 | 347584 |
|  |  |  |  |  | **13785250** |
| **United States - 18.9%**  | **United States - 18.9%**  | **United States - 18.9%**  | **United States - 18.9%**  |  |  |
| American Express Co., Sr. Unscd. Notes |  | 3.38 | 5/3/2024 | 690000 | 678289 |
| Apple, Inc., Sr. Unscd. Notes |  | 1.13 | 5/11/2025 | 804000 | 749117 |
| Ashtead Capital, Inc., Gtd. Notes |  | 5.55 | 5/30/2033 | 400000<br> <sup>b</sup>  | 401780 |
| AT&T, Inc., Sr. Unscd. Notes | GBP | 2.90 | 12/4/2026 | 470000 | 546931 |
| Ball Corp., Gtd. Notes |  | 2.88 | 8/15/2030 | 410000 | 336731 |
| Best Buy Co., Inc., Sr. Unscd. Notes |  | 4.45 | 10/1/2028 | 398000 | 393740 |
| Callon Petroleum Co., Gtd. Notes |  | 8.00 | 8/1/2028 | 400000<br> <sup>b</sup>  | 400494 |
| Chesapeake Energy Corp., Gtd. Notes |  | 6.75 | 4/15/2029 | 345000<br> <sup>b</sup>  | 340653 |
| Citigroup, Inc., Sub. Notes |  | 5.50 | 9/13/2025 | 820000 | 831747 |
| Diamond Sports Group LLC, Scd. Notes |  | 5.38 | 8/15/2026 | 620000<br> <sup>b</sup>  | 46113 |
| Dollar General Corp., Sr. Unscd. Notes |  | 4.63 | 11/1/2027 | 340000 | 340178 |
| Ford Motor Credit Co., Sr. Unscd. Notes | GBP | 2.75 | 6/14/2024 | 232000 | 273114 |
| Graphic Packaging International LLC, Gtd. Bonds | EUR | 2.63 | 2/1/2029 | 121000 | 114874 |
| IQVIA, Inc., Gtd. Notes | EUR | 2.88 | 6/15/2028 | 242000 | 235114 |
| JPMorgan Chase & Co., Sr. Unscd. Notes |  | 2.08 | 4/22/2026 | 960000 | 901874 |
| Lowe's Cos., Sr. Unscd. Notes |  | 3.00 | 10/15/2050 | 828000 | 569634 |
| Medline Borrower LP, Sr. Scd. Notes |  | 3.88 | 4/1/2029 | 281000<br> <sup>b</sup>  | 240603 |

---

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description  | Coupon <br>Rate (%) | Coupon <br>Rate (%) | Maturity<br>Date | Principal<br>Amount ($) | <sup>a</sup>  | Value ($) |
| **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** | **Bonds and Notes - 89.2% (continued)** |  |  |  |
| **United States - 18.9% (continued)** | **United States - 18.9% (continued)** | **United States - 18.9% (continued)** | **United States - 18.9% (continued)** |  |  |  |
| Medline Borrower LP, Sr. Unscd. Notes |  | 5.25 | 10/1/2029 | 122000 | <sup>b,c</sup>  | 102322 |
| Metropolitan Life Global Funding I, Sr. Scd. Notes, 3 Month SOFR +0.91% |  | 5.24 | 3/21/2025 | 373000 | <sup>b,i</sup>  | 374774 |
| Netflix, Inc., Sr. Unscd. Notes | EUR | 3.63 | 6/15/2030 | 692000 |  | 722853 |
| Olympus Water US Holding Corp., Sr. Scd. Notes | EUR | 3.88 | 10/1/2028 | 200000 |  | 187276 |
| Olympus Water US Holding Corp., Sr. Unscd. Notes | EUR | 5.38 | 10/1/2029 | 335000 |  | 286814 |
| PG&E Corp., Sr. Scd. Notes |  | 5.00 | 7/1/2028 | 310000 |  | 290873 |
| U.S. Treasury Bonds |  | 3.00 | 11/15/2045 | 3750000 |  | 3299707 |
| U.S. Treasury Floating Rate Notes, 3 Month U.S. T-BILL +0.04% |  | 4.69 | 7/31/2024 | 3740000 | <sup>i</sup>  | 3738962 |
| U.S. Treasury Floating Rate Notes, 3 Month U.S. T-BILL -0.02% |  | 4.63 | 1/31/2024 | 920000 | <sup>c,i</sup>  | 919990 |
| U.S. Treasury Inflation Indexed Bonds |  | 2.13 | 2/15/2041 | 1693492 | <sup>e</sup>  | 1866907 |
| U.S. Treasury Notes |  | 1.50 | 2/15/2030 | 1320000 |  | 1158919 |
| Verizon Communications, Inc., Sr. Unscd. Notes, 3 Month SOFR +0.79% |  | 5.12 | 3/20/2026 | 491000 | <sup>i</sup>  | 489553 |
| Warnermedia Holdings, Inc., Gtd. Notes |  | 3.79 | 3/15/2025 | 820000 | <sup>b</sup>  | 792491 |
| Windstream Escrow LLC, Sr. Scd. Notes |  | 7.75 | 8/15/2028 | 272000 | <sup>b</sup>  | 220580 |
|  |  |  |  |  | **21853007** | **21853007** |
| **Uruguay - .4%**  | **Uruguay - .4%**  | **Uruguay - .4%**  | **Uruguay - .4%**  |  |  |  |
| Uruguay, Sr. Unscd. Notes | UYU | 8.25 | 5/21/2031 | 18249479 |  | **426026** |
| **Uzbekistan - .9%**  | **Uzbekistan - .9%**  | **Uzbekistan - .9%**  | **Uzbekistan - .9%**  |  |  |  |
| Uzbekistan, Sr. Unscd. Notes |  | 4.75 | 2/20/2024 | 1080000 |  | **1062315** |
| **Vietnam - .2%**  | **Vietnam - .2%**  | **Vietnam - .2%**  | **Vietnam - .2%**  |  |  |  |
| Vietnam, Sr. Unscd. Bonds |  | 4.80 | 11/19/2024 | 213000 |  | **210870** |
| **Total Bonds and Notes**<br> (cost $114,952,154) | **Total Bonds and Notes**<br> (cost $114,952,154) | **Total Bonds and Notes**<br> (cost $114,952,154) | **Total Bonds and Notes**<br> (cost $114,952,154) | **102878094** | **102878094** | **102878094** |
| Description /Number of Contracts/Counterparty | Exercise<br>Price | Exercise<br>Price | Expiration Date | Notional Amount ($) |  | Value ($) |
| **Options Purchased - .0%** | **Options Purchased - .0%** | **Options Purchased - .0%** | **Options Purchased - .0%** |  |  |  |
| **Put Options - .0%**  | **Put Options - .0%**  | **Put Options - .0%**  | **Put Options - .0%**  |  |  |  |
| U.S Treasury 10 Year June Future, Contracts 44<br>(cost $59,929) |  | 114.50 | 5/26/2023 | 503800000 |  | **60500** |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Exchange-Traded Funds - 5.5%** | **Exchange-Traded Funds - 5.5%** |  |  |
| **Singapore - 1.6%**  | **Singapore - 1.6%**  |  |  |
| iShares USD Asia High Yield Bond Index ETF |  | 265655 | **1845870** |
| **United States - 3.9%**  | **United States - 3.9%**  |  |  |
| iShares JP Morgan USD Emerging Markets Bond Fund ETF |  | 26500<br> <sup>c</sup>  | 2329615 |
| SPDR Bloomberg Emerging Markets Local Bond ETF |  | 98232 | 2114935 |
|  |  |  | **4444550** |
| **Total Exchange-Traded Funds**<br> (cost $6,746,392) | **Total Exchange-Traded Funds**<br> (cost $6,746,392) | **6290420** | **6290420** |
| Description | 1-Day<br>Yield (%) | Shares | Value ($) |
| **Investment Companies - 3.7%** | **Investment Companies - 3.7%** |  |  |
| **Registered Investment Companies - 3.7%**  | **Registered Investment Companies - 3.7%**  |  |  |
| Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares<br>(cost $4,235,790) | 4.41 | 4235790<br> <sup>j</sup>  | **4235790** |
| **Investment of Cash Collateral for Securities Loaned - 3.2%** | **Investment of Cash Collateral for Securities Loaned - 3.2%** |  |  |
| **Registered Investment Companies - 3.2%**  | **Registered Investment Companies - 3.2%**  |  |  |
| Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares<br>(cost $3,707,267) | 4.41 | 3707267<br> <sup>j</sup>  | **3707267** |
| **Total Investments** (cost $129,701,532) | **Total Investments** (cost $129,701,532) | **101.6%** | **117172071** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** | **(1.6%)** | **(1835331)** |
| **Net Assets** | **Net Assets** | **100.0%** | **115336740** |

---

*ETF—Exchange-Traded Fund* 

*EURIBOR—Euro Interbank Offered Rate* 

*REIT—Real Estate Investment Trust* 

*SPDR—Standard & Poor's Depository Receipt* 

*U.S. T-BILL—U.S. Treasury Bill Money Market Yield* 

*AUD—Australian Dollar* 

*BRL—Brazilian Real* 

*CAD—Canadian Dollar* 

*COP—Colombian Peso* 

*EUR—Euro* 

*GBP—British Pound* 

*IDR—Indonesian Rupiah* 

*INR—Indian Rupee* 

*MXN—Mexican Peso* 

*MYR—Malaysian Ringgit* 

*NZD—New Zealand Dollar* 

*PEN—Peruvian Nuevo Sol* 

*UYU—Uruguayan Peso* 

*ZAR—South African Rand* 

*<sup>a</sup> Amount stated in U.S. Dollars unless otherwise noted above.*

*<sup>b</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in* 

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

*transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2023, these securities were valued at $7,597,179 or 6.59% of net assets.*

*<sup>c</sup> Security, or portion thereof, on loan. At January 31, 2023, the value of the fund's securities on loan was $5,948,401 and the value of the collateral was $6,187,917, consisting of cash collateral of $3,707,267 and U.S. Government & Agency securities valued at $2,480,650. In addition, the value of collateral may include pending sales that are also on loan.*

*<sup>d</sup> Security is a discount security. Income is recognized through the accretion of discount.*

*<sup>e</sup> Principal amount for accrual purposes is periodically adjusted based on changes in the Consumer Price Index.*

*<sup>f</sup> Non-income producing—security in default.*

*<sup>g</sup> Security is a perpetual bond with no specified maturity date. Maturity date shown is next reset date of the bond.*

*<sup>h</sup> Security issued with a zero coupon. Income is recognized through the accretion of discount.*

*<sup>i</sup> Variable rate security—interest rate resets periodically and rate shown is the interest rate in effect at period end. Security description also includes the reference rate and spread if published and available.*

*<sup>j</sup> Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company's prospectus.*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures** | **Futures** | **Futures** | **Futures** |  |  |
| Description | Number of<br>Contracts | Expiration  | Notional<br>Value ($) | Market<br>Value ($) | Unrealized Appreciation (Depreciation) ($) |
| **Futures Long** | **Futures Long** | **Futures Long** | **Futures Long** | **Futures Long** |  |
| U.S. Treasury 10 Year Notes | 10 | 3/22/2023 | 1128934 | 1145156 | 16222 |
| U.S. Treasury 5 Year Notes | 18 | 3/31/2023 | 1942643 | 1966359 | 23716 |
| **Futures Short** | **Futures Short** | **Futures Short** | **Futures Short** | **Futures Short** |  |
| Euro-Schatz | 102 | 3/8/2023 | 11827839<sup>a</sup> | 11725989 | 101850 |
| Long Gilt | 15 | 3/29/2023 | 1911497<sup>a</sup> | 1932677 | (21180) |
| **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** |  | **141788** | **141788** |
| **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** |  | **(21180)** | **(21180)** |

---

*<sup>a</sup> Notional amounts in foreign currency have been converted to USD using relevant foreign exchange rates.*

*See notes to financial statements.*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** |  |
| Counterparty/ Purchased<br>Currency | Purchased Currency<br>Amounts | Currency <br>Sold | Sold <br>Currency <br>Amounts | Settlement Date | Unrealized Appreciation (Depreciation) ($) |
| **CIBC World Markets Corp.** | **CIBC World Markets Corp.** | **CIBC World Markets Corp.** | **CIBC World Markets Corp.** | **CIBC World Markets Corp.** | **CIBC World Markets Corp.** |
| United States Dollar | 763752 | Singapore Dollar | 1013878 | 2/15/2023 | (8198) |
| Australian Dollar | 511145 | United States Dollar | 343604 | 2/15/2023 | 17410 |
| United States Dollar | 206373 | Australian Dollar | 296336 | 2/15/2023 | (2924) |
| Polish Zloty | 810385 | United States Dollar | 183199 | 2/15/2023 | 3680 |
| Euro | 1980890 | United States Dollar | 2123359 | 2/15/2023 | 32329 |
| United States Dollar | 220759 | Euro | 203571 | 2/15/2023 | (775) |
| United States Dollar | 629582 | Mexican Peso | 12484258 | 2/15/2023 | (31650) |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** |  |
| Counterparty/ Purchased<br>Currency | Purchased Currency<br>Amounts | Currency <br>Sold | Sold <br>Currency <br>Amounts | Settlement Date | Unrealized Appreciation (Depreciation) ($) |
| **CIBC World Markets Corp.(continued)** | **CIBC World Markets Corp.(continued)** | **CIBC World Markets Corp.(continued)** | **CIBC World Markets Corp.(continued)** | **CIBC World Markets Corp.(continued)** | **CIBC World Markets Corp.(continued)** |
| United States Dollar | 188495 | Indonesian Rupiah | 2940655956 | 2/15/2023 | (7616) |
| United States Dollar | 11305294 | British Pound | 9847722 | 2/15/2023 | (839433) |
| Chinese Yuan Renminbi | 11410000 | United States Dollar | 1587663 | 2/15/2023 | 102658 |
| New Zealand Dollar | 331621 | United States Dollar | 209362 | 2/15/2023 | 5035 |
| United States Dollar | 78628 | Canadian Dollar | 104981 | 2/15/2023 | (280) |
| **Citigroup Global Markets Inc.** | **Citigroup Global Markets Inc.** | **Citigroup Global Markets Inc.** | **Citigroup Global Markets Inc.** | **Citigroup Global Markets Inc.** | **Citigroup Global Markets Inc.** |
| United States Dollar | 189238 | Mexican Peso | 3640577 | 2/15/2023 | (3586) |
| British Pound | 563868 | United States Dollar | 698673 | 2/15/2023 | (3282) |
| Euro | 2296705 | United States Dollar | 2504444 | 2/15/2023 | (5073) |
| United States Dollar | 1800684 | Japanese Yen | 241195331 | 2/15/2023 | (56084) |
| United States Dollar | 5172830 | New Zealand Dollar | 8690985 | 2/15/2023 | (445998) |
| United States Dollar | 173482 | Colombian Peso | 852129774 | 2/15/2023 | (8469) |
| United States Dollar | 220590 | Australian Dollar | 325867 | 2/15/2023 | (9564) |
| **HSBC Securities (USA) Inc.** | **HSBC Securities (USA) Inc.** | **HSBC Securities (USA) Inc.** | **HSBC Securities (USA) Inc.** | **HSBC Securities (USA) Inc.** | **HSBC Securities (USA) Inc.** |
| Euro | 1269982 | United States Dollar | 1373023 | 2/15/2023 | 9025 |
| United States Dollar | 1025199 | Mexican Peso | 19966451 | 2/15/2023 | (32330) |
| **J.P. Morgan Securities LLC** | **J.P. Morgan Securities LLC** | **J.P. Morgan Securities LLC** | **J.P. Morgan Securities LLC** | **J.P. Morgan Securities LLC** | **J.P. Morgan Securities LLC** |
| United States Dollar | 2408827 | Mexican Peso | 47703537 | 2/15/2023 | (117804) |
| British Pound | 545878 | United States Dollar | 670987 | 2/15/2023 | 2218 |
| Japanese Yen | 178133578 | United States Dollar | 1233516 | 2/15/2023 | 137790 |
| Euro | 826817 | United States Dollar | 881341 | 2/15/2023 | 18436 |
| Swedish Krona | 19601244 | United States Dollar | 1821496 | 2/15/2023 | 54488 |
| **RBS Securities, Inc.** | **RBS Securities, Inc.** | **RBS Securities, Inc.** | **RBS Securities, Inc.** | **RBS Securities, Inc.** | **RBS Securities, Inc.** |
| United States Dollar | 196453 | South African Rand | 3383066 | 2/15/2023 | 2282 |
| Euro | 2601728 | United States Dollar | 2795260 | 2/15/2023 | 36051 |
| United States Dollar | 247487 | Euro | 237560 | 2/15/2023 | (11036) |

---

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** |  |
| Counterparty/ Purchased<br>Currency | Purchased Currency<br>Amounts | Currency <br>Sold | Sold <br>Currency <br>Amounts | Settlement Date | Unrealized Appreciation (Depreciation) ($) |
| **RBS Securities, Inc.(continued)** | **RBS Securities, Inc.(continued)** | **RBS Securities, Inc.(continued)** | **RBS Securities, Inc.(continued)** | **RBS Securities, Inc.(continued)** | **RBS Securities, Inc.(continued)** |
| United States Dollar | 3882912 | Canadian Dollar | 5229540 | 2/15/2023 | (47819) |
| United States Dollar | 566131 | New Zealand Dollar | 965962 | 2/15/2023 | (58375) |
| United States Dollar | 1728419 | British Pound | 1450000 | 2/15/2023 | (59797) |
| **State Street Bank and Trust Company** | **State Street Bank and Trust Company** | **State Street Bank and Trust Company** | **State Street Bank and Trust Company** | **State Street Bank and Trust Company** | **State Street Bank and Trust Company** |
| United States Dollar | 128022 | Swedish Krona | 1371232 | 2/15/2023 | (3215) |
| Brazilian Real | 2469793 | United States Dollar | 450856 | 2/15/2023 | 34282 |
| United States Dollar | 1011076 | Brazilian Real | 5162053 | 2/15/2023 | (2899) |
| United States Dollar | 205103 | New Zealand Dollar | 322316 | 2/15/2023 | (3278) |
| Australian Dollar | 89200 | United States Dollar | 61382 | 2/15/2023 | 1619 |
| United States Dollar | 4005160 | Australian Dollar | 6151009 | 2/15/2023 | (339198) |
| Mexican Peso | 45047811 | United States Dollar | 2254154 | 2/15/2023 | 131816 |
| British Pound | 451458 | United States Dollar | 558495 | 2/15/2023 | (1734) |
| United States Dollar | 2574639 | British Pound | 2128048 | 2/15/2023 | (49782) |
| Euro | 1148271 | United States Dollar | 1227655 | 2/15/2023 | 21942 |
| United States Dollar | 23895138 | Euro | 23677145 | 2/15/2023 | (1871332) |
| United States Dollar | 1179846 | Indian Rupee | 97248817 | 2/15/2023 | (6238) |
| Chilean Peso | 105477623 | United States Dollar | 122706 | 2/15/2023 | 9486 |
| United States Dollar | 918584 | Chilean Peso | 844620000 | 2/15/2023 | (139950) |
| United States Dollar | 142147 | Japanese Yen | 19658092 | 2/15/2023 | (9185) |
| Chinese Yuan Renminbi | 5330000 | United States Dollar | 742526 | 2/15/2023 | 47081 |
| United States Dollar | 2368514 | Chinese Yuan Renminbi | 17018484 | 2/15/2023 | (152670) |
| Indonesian Rupiah | 49461425485 | United States Dollar | 3157106 | 2/15/2023 | 141456 |
| United States Dollar | 3763263 | Indonesian Rupiah | 59212455484 | 2/15/2023 | (185591) |
| United States Dollar | 1417727 | Colombian Peso | 7248767807 | 2/15/2023 | (130070) |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** | **Forward Foreign Currency Exchange Contracts(continued)** |  |
| Counterparty/ Purchased<br>Currency | Purchased Currency<br>Amounts | Currency <br>Sold | Sold <br>Currency <br>Amounts | Settlement Date | Unrealized Appreciation (Depreciation) ($) |
| **State Street Bank and Trust Company(continued)** | **State Street Bank and Trust Company(continued)** | **State Street Bank and Trust Company(continued)** | **State Street Bank and Trust Company(continued)** | **State Street Bank and Trust Company(continued)** | **State Street Bank and Trust Company(continued)** |
| United States Dollar | 563191 | Malaysian Ringgit | 2663894 | 2/15/2023 | (61818) |
| South Korean Won | 224156059 | United States Dollar | 175041 | 2/15/2023 | 7033 |
| United States Dollar | 1751864 | South Korean Won | 2407500000 | 2/15/2023 | (203663) |
| **UBS Securities LLC** | **UBS Securities LLC** | **UBS Securities LLC** | **UBS Securities LLC** | **UBS Securities LLC** | **UBS Securities LLC** |
| Japanese Yen | 82751379 | United States Dollar | 614817 | 2/15/2023 | 22219 |
| British Pound | 240366 | United States Dollar | 283585 | 2/15/2023 | 12846 |
| United States Dollar | 900346 | British Pound | 729262 | 2/15/2023 | 982 |
| United States Dollar | 2190879 | South African Rand | 38441257 | 2/15/2023 | (15453) |
| Czech Koruna | 3965999 | United States Dollar | 180171 | 2/15/2023 | 996 |
| United States Dollar | 1731696 | Czech Koruna | 42378812 | 2/15/2023 | (204175) |
| United States Dollar | 1836859 | Polish Zloty | 8726163 | 2/15/2023 | (175446) |
| United States Dollar | 690766 | Brazilian Real | 3654290 | 2/15/2023 | (27042) |
| Euro | 119738 | United States Dollar | 124523 | 2/15/2023 | 5781 |
| United States Dollar | 215558 | Euro | 199096 | 2/15/2023 | (1107) |
| Danish Krone | 11302431 | United States Dollar | 1617704 | 2/15/2023 | 35809 |
| United States Dollar | 1498940 | Danish Krone | 11056974 | 2/15/2023 | (118663) |
| **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** |  |  | **894750** |
| **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** |  |  | **(5452602)** |

---

*See notes to financial statements.*

------

STATEMENT OF INVESTMENTS<br>BNY Mellon Global Dynamic Bond Income Fund

January 31, 2023 (Unaudited)

The following is a summary of the inputs used as of January 31, 2023 in valuing the fund's investments:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Level 1-Unadjusted Quoted Prices | Level 2- Other Significant Observable Inputs | | Level 3-Significant Unobservable Inputs | **Total** |
| **Assets ($)** | **Assets ($)** | **Assets ($)** | **Assets ($)** | **Assets ($)** |  |
| Investments in Securities:<sup>†</sup> | Investments in Securities:<sup>†</sup> | Investments in Securities:<sup>†</sup> | Investments in Securities:<sup>†</sup> | Investments in Securities:<sup>†</sup> |  |
| Corporate Bonds | - | 51573551 |  | - | **51573551** |
| Exchange-Traded Funds | 4444550 | 1845870 | <sup>††</sup>  | - | **6290420** |
| Foreign Governmental | - | 40320058 |  | - | **40320058** |
| Investment Companies | 7943057 | - |  | - | **7943057** |
| U.S. Treasury Securities | - | 10984485 |  | - | **10984485** |
| Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: |  |
| Forward Foreign Currency Exchange Contracts<sup>†††</sup> | - | 894750 |  | - | **894750** |
| Futures<sup>†††</sup> | 141788 | - |  | - | **141788** |
| Options Purchased | 60500 | - |  | - | **60500** |
| **Liabilities ($)** | **Liabilities ($)** | **Liabilities ($)** | **Liabilities ($)** | **Liabilities ($)** |  |
| Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: | Other Financial Instruments: |  |
| Forward Foreign Currency Exchange Contracts<sup>†††</sup> | - | (5452602) |  | - | **(5452602)** |
| Futures<sup>†††</sup> | (21180) | - |  | - | **(21180)** |

---

*<sup>†</sup> See Statement of Investments for additional detailed categorizations, if any.*

*<sup>††</sup> Securities classified within Level 2 at period end as the values were determined pursuant to the fund's fair valuation procedures.*

*<sup>†††</sup> Amount shown represents unrealized appreciation (depreciation) at period end.*

------

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The Company's Board of Directors (the "Board") has designated the Adviser as the fund's valuation designee, effective September 8, 2022, to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

------

Investments in debt securities excluding short-term investments (other than U.S. Treasury Bills), are valued each business day by one or more independent pricing services (each, a "Service") approved by the Board. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of a Service are valued at the mean between the quoted bid prices (as obtained by a Service from dealers in such securities) and asked prices (as calculated by a Service based upon its evaluation of the market for such securities). Securities are valued as determined by a Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Services are engaged under the general supervision of the Board. These securities are generally categorized within Level 2 of the fair value hierarchy.

Investments in equity securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the "Service") approved by the Board. These securities are generally categorized within Level 2 of the fair value hierarchy.

Fair valuing of securities may be determined with the assistance of a Service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are

------

either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.

Financial futures and options, which are traded on an exchange, are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 of the fair value hierarchy. Options traded over-the-counter ("OTC") are valued at the mean between the bid and asked price and are generally categorized within Level 2 of the fair value hierarchy. Investments in swap transactions are valued each business day by the Service. Swaps are valued by the Service by using a swap pricing model which incorporates among other factors, default probabilities, recovery rates, credit curves of the underlying issuer and swap spreads on interest rates and are generally categorized within Level 2 of the fair value hierarchy. Forward contracts are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of BNY Mellon Investment Adviser, Inc., the fund may lend securities to qualified institutions. It is the fund's policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by BNY Mellon Investment Adviser Inc., or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund's rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

**Derivatives:** A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at January 31, 2023 is discussed below.

**Futures:** In the normal course of pursuing its investment objective, the fund is exposed to market risk, including interest rate risk as a result of changes in value of underlying financial instruments. The fund invests in futures in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such

------

contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Statement of Operations. There is minimal counterparty credit risk to the fund with futures since they are exchange traded, and the exchange guarantees the futures against default.

**Forward Foreign Currency Exchange Contracts:** The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy. When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized or unrealized gains or losses which occurred during the period are reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty non-performance on these forward contracts, which is generally limited to the unrealized gain on each open contract. This risk may be mitigated by Master Agreements, if any, between the fund and the counterparty and the posting of collateral, if any, by the counterparty to the fund to cover the fund's exposure to the counterparty.

At January 31, 2023, accumulated net unrealized depreciation on investments was $12,529,461, consisting of $880,210 gross unrealized appreciation and $13,409,671 gross unrealized depreciation.

At January 31, 2023, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon Advantage Funds, Inc.

- **b. Investment Company Act file number:** 811-07123

- **c. CIK number of Registrant:** 0000914775

- **d. LEI of Registrant:** 549300SWCD16M4CV8Q16

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212 495 1784

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

- **a. Name of Series:** BNY Mellon Global Dynamic Bond Income Fund

- **b. EDGAR series identifier (if any):** S000031204

- **c. LEI of Series:** 549300L2EIM746N6ER82

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

- **a. Date of fiscal year-end:** 2023-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $115852344.10

**Total Liabilities:** $515603.78

**Net Assets:** $115336740.32

**Cash Not Reported:** $167825.99

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -116.98232045 | **1-Year:** -3019.01082345 | **5-Year:** -5833.01257971 | **10-Year:** -4774.02487638 | **30-Year:** -1397.06053956

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

- **3-Month:** -45.26927171 | **1-Year:** -2748.36654843 | **5-Year:** -5255.57441267 | **10-Year:** -2019.34930173 | **30-Year:** -983.85043666

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000096886 | 3.07%                | -0.06%               | 2.70%                |
| Class ID C000096887 | 3.06%                | -0.07%               | 2.54%                |
| Class ID C000096888 | 3.08%                | 0.01%                | 2.69%                |
| Class ID C000130432 | 3.12%                | 0.02%                | 2.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1019882.79             | $7855651.95                                |
| Month 2  | $-450059.24              | $539761.98                                 |
| Month 3  | $-1495359.07             | $6076677.40                                |

**Designated Index Information**

- **Index Name:** 0

- **Index Identifier:** 0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF  | SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF                             | CUSIP: 78464A391<br>LEI: 549300UZIXAGB0EPMT96 | Long             | EC               | RF                | US        |        98232 | NS      | $2114934.96   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINICAN REPUBLIC                              | DOMINICAN REPUBLIC INTERNATIONAL BOND                                      | CUSIP: EK2424217<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | USGSE             | DO        |       750000 | PA      | $733807.79    | 0.64%             | 2044-04-30      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT                              | BOLIVIAN GOVERNMENT INTERNATIONAL BOND                                     | CUSIP: AM8489388<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | USGSE             | BO        |       900000 | PA      | $686312.22    | 0.60%             | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF AZERBAIJAN                          | REPUBLIC OF AZERBAIJAN INTERNATIONAL BOND                                  | CUSIP: AO9863728<br>LEI: 549300P74FF45UQVU281 | Long             | DBT              | USGSE             | AZ        |       843000 | PA      | $815416.34    | 0.71%             | 2029-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD                          | SABLE INTERNATIONAL FINANCE LTD                                            | CUSIP: 785712AG5<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |       276000 | PA      | $264628.80    | 0.23%             | 2027-09-07      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ING GROEP NV                                    | ING GROEP NV                                                               | CUSIP: AX2850722<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |      1050000 | PA      | $1033593.75   | 0.90%             | 2170-04-16      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                   | UNICREDIT SPA                                                              | CUSIP: EK1429340<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |       560000 | PA      | $554750.00    | 0.48%             | 2170-06-03      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                             | CSN INOVA VENTURES                                                         | CUSIP: ZP6635574<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |       329000 | PA      | $328998.71    | 0.29%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                                  | QATAR GOVERNMENT INTERNATIONAL BOND                                        | CUSIP: BH6207386<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | USGSE             | QA        |       672000 | PA      | $656976.10    | 0.57%             | 2025-04-16      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                     | BNP PARIBAS SA                                                             | CUSIP: UV5159024<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |       950000 | PA      | $956417.25    | 0.83%             | 2170-02-19      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                          | CREDIT SUISSE GROUP AG                                                     | CUSIP: AU3887497<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |       520000 | PA      | $426478.00    | 0.37%             | 2170-03-12      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| SOCIALIST REP OF VIETNAM                        | VIETNAM GOVERNMENT INTERNATIONAL BOND                                      | CUSIP: EK5906749<br>LEI: 5493008AE7RS4XK4BZ08 | Long             | DBT              | USGSE             | VN        |       213000 | PA      | $210870.00    | 0.18%             | 2024-11-19      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GREENLAND GLB INVST                             | GREENLAND GLOBAL INVESTMENT LTD                                            | CUSIP: BK5388552<br>LEI: 549300RR3CIGB2A33O28 | Long             | DBT              | CORP              | VG        |       380000 | PA      | $197404.30    | 0.17%             | 2025-04-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                       | APPLE INC                                                                  | CUSIP: 037833DT4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |       804000 | PA      | $749117.15    | 0.65%             | 2025-05-11      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                       | PG&E CORP                                                                  | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |       310000 | PA      | $290873.00    | 0.25%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMORGAN CHASE & CO                                                        | CUSIP: 46647PBK1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       960000 | PA      | $901874.41    | 0.78%             | 2026-04-22      | Variable      | 2.08%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                             | ECUADOR GOVERNMENT INTERNATIONAL BOND                                      | CUSIP: ZO2104248<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | USGSE             | EC        |        64221 | PA      | $27601.68     | 0.02%             | 2030-07-31      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                          | REPUBLIC OF UZBEKISTAN INTERNATIONAL BOND                                  | CUSIP: AX2152962<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | USGSE             | UZ        |      1080000 | PA      | $1062315.00   | 0.92%             | 2024-02-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                              | MONGOLIA GOVERNMENT INTERNATIONAL BOND                                     | CUSIP: ZO5655519<br>LEI: N/A                  | Long             | DBT              | USGSE             | MN        |       720000 | PA      | $678600.00    | 0.59%             | 2026-04-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| WINDSTREAM ESCROW LLC                           | WINDSTREAM ESCROW LLC / WINDSTREAM ESCROW FINANCE CORP                     | CUSIP: 97382WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       272000 | PA      | $220579.76    | 0.19%             | 2028-08-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                      | FIRST QUANTUM MINERALS LTD                                                 | CUSIP: 335934AR6<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |       330000 | PA      | $321311.10    | 0.28%             | 2026-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LTD                       | SHIMAO GROUP HOLDINGS LTD                                                  | CUSIP: AO0807757<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |       465000 | PA      | $111010.55    | 0.10%             | 2023-08-03      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GMR HYDERABAD INTERNATIO                        | GMR HYDERABAD INTERNATIONAL AIRPORT LTD                                    | CUSIP: AP5111855<br>LEI: 335800NSPGIN89SVOU83 | Long             | DBT              | CORP              | IN        |       376000 | PA      | $331820.00    | 0.29%             | 2027-10-27      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL REP OF ETHIOPIA                         | ETHIOPIA INTERNATIONAL BOND                                                | CUSIP: EK6441233<br>LEI: N/A                  | Long             | DBT              | USGSE             | ET        |       382000 | PA      | $260527.82    | 0.23%             | 2024-12-11      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                 | UNITED STATES TREASURY INFLATION INDEXED BONDS                             | CUSIP: 912810QP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1693492 | PA      | $1866907.27   | 1.62%             | 2041-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                   | CITIGROUP INC                                                              | CUSIP: 172967HB0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |       820000 | PA      | $831747.31    | 0.72%             | 2025-09-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF | ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF                            | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             | EC               | RF                | US        |        26500 | NS      | $2329615.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: —       |
| BALL CORP                                       | BALL CORP                                                                  | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |       410000 | PA      | $336730.85    | 0.29%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BEST BUY CO INC                                 | BEST BUY CO INC                                                            | CUSIP: 08652BAA7<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | DBT              | CORP              | US        |       398000 | PA      | $393739.94    | 0.34%             | 2028-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                 | CEMEX SAB DE CV                                                            | CUSIP: BN3974134<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |       280000 | PA      | $236332.60    | 0.20%             | 2031-07-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                | SOCIETE GENERALE SA                                                        | CUSIP: EJ9873484<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |       500000 | PA      | $503140.00    | 0.44%             | 2170-06-18      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                         | LCPR SENIOR SECURED FINANCING DAC                                          | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |       230000 | PA      | $202684.05    | 0.18%             | 2029-07-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                          | OMAN GOVERNMENT INTERNATIONAL BOND                                         | CUSIP: AZ8054472<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | USGSE             | OM        |       444000 | PA      | $440134.98    | 0.38%             | 2025-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | UNITED STATES TREASURY NOTE/BOND                                           | CUSIP: 912810RP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      3750000 | PA      | $3299707.05   | 2.86%             | 2045-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                          | VERIZON COMMUNICATIONS INC                                                 | CUSIP: 92343VGE8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |       491000 | PA      | $489552.80    | 0.42%             | 2026-03-20      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| VTR COMUNICACIONES SPA                          | VTR COMUNICACIONES SPA                                                     | CUSIP: 918367AC7<br>LEI: 213800XDZJKMC1AEUV94 | Long             | DBT              | CORP              | CL        |       473000 | PA      | $312180.00    | 0.27%             | 2029-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| SINGAPORE AIRLINES LTD                          | SINGAPORE AIRLINES LTD                                                     | CUSIP: BN5063639<br>LEI: 549300ZG62N2599PWR15 | Long             | DBT              | CORP              | SG        |       328000 | PA      | $307086.71    | 0.27%             | 2026-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                              | VODAFONE GROUP PLC                                                         | CUSIP: 92857WBV1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |       400000 | PA      | $347584.00    | 0.30%             | 2081-06-04      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTERNATIONAL CELLULAR SA              | MILLICOM INTERNATIONAL CELLULAR SA                                         | CUSIP: 600814AR8<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |       201000 | PA      | $170423.88    | 0.15%             | 2031-04-27      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                             | MEDLINE BORROWER LP                                                        | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |       281000 | PA      | $240603.44    | 0.21%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| IFFIM                                           | INTERNATIONAL FINANCE FACILITY FOR IMMUNISATION CO                         | CUSIP: BP0704505<br>LEI: 549300ILK2NRULX3HX87 | Long             | DBT              | CORP              | GB        |       869000 | PA      | $786175.97    | 0.68%             | 2026-04-21      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                             | MEDLINE BORROWER LP                                                        | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |       122000 | PA      | $102322.04    | 0.09%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: —       |
| IHS NETHERLANDS HOLDCO                          | IHS NETHERLANDS HOLDCO BV                                                  | CUSIP: ZR5454338<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |       410000 | PA      | $371111.50    | 0.32%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                         | INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT                        | CUSIP: 459058KD4<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | XX        |       820000 | PA      | $813005.89    | 0.70%             | 2028-11-22      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| KOMMUNALBANKEN AS                               | KOMMUNALBANKEN AS                                                          | CUSIP: BS3636849<br>LEI: I7ETN0QQO2AHZZGHJ389 | Long             | DBT              | USGSE             | NO        |       898000 | PA      | $913275.11    | 0.79%             | 2026-06-17      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| ISHARES USD ASIA HIGH YIELD BOND INDEX ETF      | ISHARES USD ASIA HIGH YIELD BOND INDEX ETF                                 | CUSIP: N/A<br>LEI: 549300LB2EQ3TDDV8K56       | Long             | EC               | RF                | SG        |       265655 | NS      | $1845870.22   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| TAJIKISTAN INT BOND                             | REPUBLIC OF TAJIKISTAN INTERNATIONAL BOND                                  | CUSIP: AO9419067<br>LEI: 529900W1LSYUF3CYVU10 | Long             | DBT              | USGSE             | TJ        |       375000 | PA      | $291822.00    | 0.25%             | 2027-09-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                         | BAHAMAS GOVERNMENT INTERNATIONAL BOND                                      | CUSIP: ZO8556003<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | USGSE             | BS        |       390000 | PA      | $336615.49    | 0.29%             | 2032-10-15      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MOZAMBIQUE                          | MOZAMBIQUE INTERNATIONAL BOND                                              | CUSIP: ZQ3784134<br>LEI: 213800759WLKYIKPER73 | Long             | DBT              | USGSE             | MZ        |       414000 | PA      | $333584.64    | 0.29%             | 2031-09-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALLON PETROLEUM CO                             | CALLON PETROLEUM CO                                                        | CUSIP: 13123XBD3<br>LEI: 549300EFOWPEB0WLZW21 | Long             | DBT              | CORP              | US        |       400000 | PA      | $400494.00    | 0.35%             | 2028-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                        | WARNERMEDIA HOLDINGS INC                                                   | CUSIP: 55903VAU7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |       820000 | PA      | $792490.64    | 0.69%             | 2025-03-15      | Fixed         | 3.79%                 | Yes           |                  2 | On Loan: No      |
| US TREASURY N/B                                 | UNITED STATES TREASURY NOTE/BOND                                           | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1320000 | PA      | $1158918.75   | 1.00%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                         | METROPOLITAN LIFE GLOBAL FUNDING I                                         | CUSIP: 59217GEX3<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |       373000 | PA      | $374773.92    | 0.32%             | 2025-03-21      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| NATWEST GROUP PLC                               | NATWEST GROUP PLC                                                          | CUSIP: 780099CK1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |       250000 | PA      | $253113.75    | 0.22%             | 2170-09-30      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK OF AUSTRALIA                  | COMMONWEALTH BANK OF AUSTRALIA                                             | CUSIP: 20271AAJ6<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |       720000 | PA      | $698048.91    | 0.61%             | 2025-05-27      | Fixed         | 3.21%                 | Yes           |                  2 | On Loan: —       |
| DIAMOND SPORTS GR/DIAMON                        | DIAMOND SPORTS GROUP LLC / DIAMOND SPORTS FINANCE CO                       | CUSIP: 25277LAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       620000 | PA      | $46112.50     | 0.04%             | 2026-08-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| DRAX FINCO PLC                                  | DRAX FINCO PLC                                                             | CUSIP: AS1386398<br>LEI: 5493000MW6H7G7JFNQ88 | Long             | DBT              | CORP              | GB        |       363000 | PA      | $354404.16    | 0.31%             | 2025-11-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                        | NATIONAL AUSTRALIA BANK LTD/NEW YORK                                       | CUSIP: 63254ABD9<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |       450000 | PA      | $438717.03    | 0.38%             | 2025-06-09      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BVUMVLS54ODKG2II_1035000_S                      | GBP/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | GB        |     -2128048 | NC      | $-2624420.57  | -2.28%            |  |  |  | No            |                  2 | On Loan: No      |
| EA9R9V9PI3RT7T4P_1035000_S                      | NZD/USD FWD 20230215 9787                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | NZ        |      -965962 | NC      | $-624506.03   | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                             | AMERICAN EXPRESS CO                                                        | CUSIP: 025816CV9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |       690000 | PA      | $678288.89    | 0.59%             | 2024-05-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| U7NNG5T3QUF2S6E4_1035000_S                      | CAD/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | CA        |      -104982 | NC      | $-78908.29    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP                          | CHESAPEAKE ENERGY CORP                                                     | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |       345000 | PA      | $340653.00    | 0.30%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MECF8O4KS2908P11_1035000_S                      | JPY/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | JP        |    -19658092 | NC      | $-151331.77   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| 7HUIHH19GFKPKFSM_1035000_L                      | MXN/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | MX        |     45047811 | NC      | $2385970.21   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| OK0NUFVNPCMSIJQ0_1035000_S                      | COP/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | CO        |  -7248767807 | NC      | $-1547796.76  | -1.34%            |  |  |  | No            |                  2 | On Loan: No      |
| K7KLD9G7L03P2DB7_1035000_S                      | CLP/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | CL        |   -844620000 | NC      | $-1058534.44  | -0.92%            |  |  |  | No            |                  2 | On Loan: No      |
| A99JF66RIL1M4AHM_1035000_S                      | CAD/USD FWD 20230215 9787                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | CA        |     -5229540 | NC      | $-3930730.50  | -3.41%            |  |  |  | No            |                  2 | On Loan: No      |
| 7FGTQ48CRP0DS876_1035000_S                      | AUD/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | AU        |     -6151009 | NC      | $-4344358.43  | -3.77%            |  |  |  | No            |                  2 | On Loan: No      |
| MKD7DR4PU74D9FN9_1035000_L                      | CNY/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | CN        |      5330000 | NC      | $789606.79    | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| ACGNGQ98RORBLUKJ_1035000_S                      | ZAR/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | ZA        |    -38441257 | NC      | $-2206332.16  | -1.91%            |  |  |  | No            |                  2 | On Loan: No      |
| 0M5L2NFST5Q87RQ2_1035000_S                      | MXN/USD FWD 20230215 00187                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | MX        |    -47703537 | NC      | $-2526631.49  | -2.19%            |  |  |  | No            |                  2 | On Loan: No      |
| JEAFLBL568KFUFOF_1035000_S                      | INR/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | IN        |    -97248817 | NC      | $-1186084.30  | -1.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MKD7DR4PU74D9FN9_1035000_S                      | CNY/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | CN        |    -17018484 | NC      | $-2521183.96  | -2.19%            |  |  |  | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                             | DOLLAR GENERAL CORP                                                        | CUSIP: 256677AK1<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |       340000 | PA      | $340177.60    | 0.29%             | 2027-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GKHPGA7NISJ2KEIV_1035000_L                      | JPY/USD FWD 20230215 00187                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | JP        |    178133578 | NC      | $1371306.49   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| MILLICOM INTERNATIONAL CELLULAR SA              | MILLICOM INTERNATIONAL CELLULAR SA                                         | CUSIP: BM0208611<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |       250000 | PA      | $211970.00    | 0.18%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| E32947K96123FBR6_1035000_S                      | NZD/USD FWD 20230215 908                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | NZ        |     -8690986 | NC      | $-5618827.59  | -4.87%            |  |  |  | No            |                  2 | On Loan: No      |
| GMSINMAKRR9CUQHQ_1035000_S                      | BRL/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | BR        |     -3654290 | NC      | $-717807.57   | -0.62%            |  |  |  | No            |                  2 | On Loan: No      |
| EIV03KEH4J882OTP_1035000_S                      | GBP/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | GB        |     -9847722 | NC      | $-12144727.24 | -10.53%           |  |  |  | No            |                  2 | On Loan: No      |
| E6GBC6TVOMH56AKE_1035000_S                      | PLN/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | PL        |     -8726163 | NC      | $-2012304.82  | -1.74%            |  |  |  | No            |                  2 | On Loan: No      |
| QUC5800I9JU05435_1035000_S                      | MYR/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | MY        |     -2663894 | NC      | $-625008.95   | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| 21KLHIIP2DCJJVV1_1035000_S                      | SEK/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | SE        |     -1371232 | NC      | $-131237.04   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| OPCBIAUL8S32SELN_1035000_S                      | DKK/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | DK        |    -11056974 | NC      | $-1617603.48  | -1.40%            |  |  |  | No            |                  2 | On Loan: No      |
| N6V8AB50Q6KV4FKF_1035000_S                      | IDR/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | ID        | -59212455484 | NC      | $-3948854.06  | -3.42%            |  |  |  | No            |                  2 | On Loan: No      |
| H5RU882OPK2C9C1N_1035000_S                      | EUR/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | XX        |    -23677145 | NC      | $-25766469.68 | -22.34%           |  |  |  | No            |                  2 | On Loan: No      |
| 9Q1RCKONJ1767LTC_1035000_L                      | EUR/USD FWD 20230215 9787                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | XX        |      2601728 | NC      | $2831310.85   | 2.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SJCVDM1D1IPVDQGI_1035000_S                      | KRW/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | KR        |  -2407500000 | NC      | $-1955527.35  | -1.70%            |  |  |  | No            |                  2 | On Loan: No      |
| HMN7QCSFKA9SIPPG_1035000_L                      | CNY/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | CN        |     11410000 | NC      | $1690321.48   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| 5FF5IRAQ999QVP1I_1035000_L                      | GBP/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | GB        |       240366 | NC      | $296431.46    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| KWG GROUP HOLDINGS                              | KWG GROUP HOLDINGS LTD                                                     | CUSIP: BZ0453481<br>LEI: 549300LK82ZOM9ZE7H90 | Long             | DBT              | CORP              | KY        |       260000 | PA      | $131300.00    | 0.11%             | 2024-08-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NTIN5O5ACU18IADF_1035000_L                      | EUR/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | XX        |       119738 | NC      | $130304.21    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                        | SAUDI GOVERNMENT INTERNATIONAL BOND                                        | CUSIP: BZ8088784<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | USGSE             | SA        |       614000 | PA      | $658975.50    | 0.57%             | 2032-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| 36GFJHCQ8Q5GKIDC_1035000_L                      | BRL/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | BR        |      2469793 | NC      | $485138.32    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| D8K7C8BKRJIU7CUU_1035000_S                      | CZK/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | CZ        |    -42378812 | NC      | $-1935871.13  | -1.68%            |  |  |  | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                               | MDGH GMTN RSC LTD                                                          | CUSIP: BZ8091978<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |       668000 | PA      | $714661.80    | 0.62%             | 2033-04-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N6V8AB50Q6KV4FKF_1035000_L                      | IDR/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | ID        |  49461425485 | NC      | $3298561.92   | 2.86%             |  |  |  | No            |                  2 | On Loan: No      |
| TG5RS1E0SEVBV5DL_1035000_L                      | SEK/USD FWD 20230215 00187                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | SE        |     19601244 | NC      | $1875983.58   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| K7KLD9G7L03P2DB7_1035000_L                      | CLP/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | CL        |    105477623 | NC      | $132191.63    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| 7T2DJHUG33NI3L6K_1035000_S                      | AUD/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | AU        |      -296336 | NC      | $-209297.20   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                  | LOWE'S COS INC                                                             | CUSIP: 548661DZ7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |       828000 | PA      | $569633.79    | 0.49%             | 2050-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SJCVDM1D1IPVDQGI_1035000_L                      | KRW/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | KR        |    224156059 | NC      | $182074.06    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| GC55URK9RBPRLPGH_1035000_L                      | GBP/USD FWD 20230215 00187                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | GB        |       545878 | NC      | $673205.39    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| 3SHLVHL7OI561I1J_1035000_L                      | GBP/USD FWD 20230215 908                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | GB        |       563868 | NC      | $695391.07    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| D8K7C8BKRJIU7CUU_1035000_L                      | CZK/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | CZ        |      3965999 | NC      | $181167.47    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| B76J5EQ70AKDKFOK_1035000_S                      | MXN/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | MX        |    -12484258 | NC      | $-661232.32   | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| MT7NQ7HHHJ8E2OHP_1035000_L                      | NZD/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | NZ        |       331621 | NC      | $214397.24    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| 5FF5IRAQ999QVP1I_1035000_S                      | GBP/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | GB        |      -729262 | NC      | $-899363.69   | -0.78%            |  |  |  | No            |                  2 | On Loan: No      |
| B3BDLLJEQQDMQ2U6_1035000_S                      | EUR/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | XX        |      -203571 | NC      | $-221534.36   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| NTIN5O5ACU18IADF_1035000_S                      | EUR/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | XX        |      -199096 | NC      | $-216664.81   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| 3IP6DA3UTEBVSTVU_1035000_S                      | MXN/USD FWD 20230215 908                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | MX        |     -3640577 | NC      | $-192824.20   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| 3QVOQQOJSDF2K5I6_1035000_S                      | NZD/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | NZ        |      -322316 | NC      | $-208381.39   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| ANR2OICVNMNTDM04_1035000_L                      | EUR/USD FWD 20230215 816                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | XX        |      1269982 | NC      | $1382047.84   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| OPCBIAUL8S32SELN_1035000_L                      | DKK/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | DK        |     11302431 | NC      | $1653513.13   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| 88F1VQMSA5PR1P8B_1035000_L                      | EUR/USD FWD 20230215 908                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | XX        |      2296705 | NC      | $2499371.38   | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| 7FGTQ48CRP0DS876_1035000_L                      | AUD/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | AU        |        89200 | NC      | $63000.52     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| UKLHHP7VIVQGRSM7_1035000_S                      | MXN/USD FWD 20230215 816                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | MX        |    -19966451 | NC      | $-1057528.82  | -0.92%            |  |  |  | No            |                  2 | On Loan: No      |
| 43SQSKGUQ0NVBLCC_1035000_S                      | ZAR/USD FWD 20230215 9787                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | ZA        |     -3383066 | NC      | $-194170.75   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| JR0BMPV94QSLI0D2_1035000_L                      | EUR/USD FWD 20230215 00187                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | XX        |       826817 | NC      | $899776.96    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| 7T2DJHUG33NI3L6K_1035000_L                      | AUD/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | AU        |       511145 | NC      | $361013.76    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| 9Q1RCKONJ1767LTC_1035000_S                      | EUR/USD FWD 20230215 9787                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | XX        |      -237560 | NC      | $-258522.62   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| B3BDLLJEQQDMQ2U6_1035000_L                      | EUR/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | XX        |      1980890 | NC      | $2155688.11   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| IN67C3OQC8O6KNEP_1035000_S                      | COP/USD FWD 20230215 908                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | CO        |   -852129774 | NC      | $-181951.43   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| PGPIP8LAVF02V7D9_1035000_S                      | AUD/USD FWD 20230215 908                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | AU        |      -325867 | NC      | $-230154.45   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| 3FO77I17CJLJBIGH_1035000_L                      | JPY/USD FWD 20230215 00642                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | JP        |     82751379 | NC      | $637036.01    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| 961HEEO4RFBIGT1I_1035000_S                      | JPY/USD FWD 20230215 908                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | JP        |   -241195331 | NC      | $-1856767.97  | -1.61%            |  |  |  | No            |                  2 | On Loan: No      |
| DJN9EVIEQ8EAJ3UI_1035000_S                      | IDR/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | ID        |  -2940655956 | NC      | $-196111.12   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                             | ASHTEAD CAPITAL INC                                                        | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |       400000 | PA      | $401780.36    | 0.35%             | 2033-05-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| 8J8H6B9FL8GMK7AA_1035000_L                      | PLN/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | PL        |       810385 | NC      | $186879.50    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| 2GI5MGK807F0A5QU_1035000_S                      | SGD/USD FWD 20230215 00438                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | SG        |     -1013878 | NC      | $-771949.90   | -0.67%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                | PERUVIAN GOVERNMENT INTERNATIONAL BOND                                     | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | USGSE             | PE        |       680000 | PA      | $577273.71    | 0.50%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| F77588CSQS38UE1A_1035000_S                      | GBP/USD FWD 20230215 9787                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | DFE              |  | GB        |     -1450000 | NC      | $-1788216.07  | -1.55%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                             | ECUADOR GOVERNMENT INTERNATIONAL BOND                                      | CUSIP: ZO2094456<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | USGSE             | EC        |       187110 | PA      | $125124.71    | 0.11%             | 2030-07-31      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                              | BAHRAIN GOVERNMENT INTERNATIONAL BOND                                      | CUSIP: BN6639304<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | USGSE             | BH        |       326000 | PA      | $305343.01    | 0.26%             | 2028-01-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY FRN                                 | UNITED STATES TREASURY FLOATING RATE NOTE                                  | CUSIP: 91282CFD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      3740000 | PA      | $3738962.26   | 3.24%             | 2024-07-31      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                             | ECUADOR GOVERNMENT INTERNATIONAL BOND                                      | CUSIP: ZO2104560<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | USGSE             | EC        |       224730 | PA      | $95390.62     | 0.08%             | 2040-07-31      | Variable      | 1.50%                 | Yes           |                  2 | On Loan: No      |
| US TREASURY FRN                                 | UNITED STATES TREASURY FLOATING RATE NOTE                                  | CUSIP: 91282CDU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       920000 | PA      | $919990.15    | 0.80%             | 2024-01-31      | Variable      | 4.61%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF ECUADOR                             | ECUADOR GOVERNMENT INTERNATIONAL BOND                                      | CUSIP: ZO2104214<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | USGSE             | EC        |       490347 | PA      | $240187.84    | 0.21%             | 2035-07-31      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| BVUMVLS54ODKG2II_1035000_L                      | GBP/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | GB        |       451457 | NC      | $556761.05    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| H5RU882OPK2C9C1N_1035000_L                      | EUR/USD FWD 20230215 00189                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DFE              |  | XX        |      1148271 | NC      | $1249596.95   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                          | BRAZILIAN GOVERNMENT INTERNATIONAL BOND                                    | CUSIP: 105756BW9<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | USGSE             | BR        |      1480000 | PA      | $1162580.15   | 1.01%             | 2045-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                          | ASIAN DEVELOPMENT BANK                                                     | CUSIP: N/A<br>LEI: 549300X0MVH42CY8Q105       | Long             | DBT              | CORP              | XX        |      5500000 | PA      | $813819.91    | 0.71%             | 2024-03-05      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CIE DE SAINT-GOBAIN                             | CIE DE SAINT-GOBAIN                                                        | CUSIP: BY1919095<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | DBT              | CORP              | FR        |       600000 | PA      | $625863.12    | 0.54%             | 2025-08-10      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| CLOSE BROTHERS FIN PLC                          | CLOSE BROTHERS FINANCE PLC                                                 | CUSIP: QZ7659399<br>LEI: 213800URQKPVH3SJBM16 | Long             | DBT              | CORP              | GB        |       510000 | PA      | $583048.78    | 0.51%             | 2026-10-19      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BONOS Y OBLIG DEL ESTADO                        | SPAIN GOVERNMENT BOND                                                      | CUSIP: BU3617661<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | USGSE             | ES        |       970000 | PA      | $714362.38    | 0.62%             | 2052-10-31      | Fixed         | 1.90%                 | Yes           |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                        | LLOYDS BANKING GROUP PLC                                                   | CUSIP: ZQ5986752<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |       560000 | PA      | $655013.20    | 0.57%             | 2170-03-27      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| AUSTRALIAN GOVERNMENT                           | AUSTRALIA GOVERNMENT BOND                                                  | CUSIP: BK4676346<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | USGSE             | AU        |      4220000 | PA      | $1873578.87   | 1.62%             | 2051-06-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                        | AT&T INC                                                                   | CUSIP: 00206RGE6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |       470000 | PA      | $546930.63    | 0.47%             | 2026-12-04      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                            | INDONESIA TREASURY BOND                                                    | CUSIP: BQ3772713<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | USGSE             | ID        |   9521000000 | PA      | $621850.24    | 0.54%             | 2032-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                          | TK ELEVATOR MIDCO GMBH                                                     | CUSIP: BK2987380<br>LEI: 254900K869UN2ZWVB351 | Long             | DBT              | CORP              | DE        |       233000 | PA      | $229954.69    | 0.20%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                        | OLYMPUS WATER US HOLDING CORP                                              | CUSIP: BR5436406<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |       200000 | PA      | $187276.45    | 0.16%             | 2028-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ADLER GROUP SA                                  | ADLER GROUP SA                                                             | CUSIP: BP1553455<br>LEI: 391200OYYFJ3DWAMEC69 | Long             | DBT              | CORP              | LU        |       300000 | PA      | $129636.11    | 0.11%             | 2027-04-27      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                             | ALTICE FINANCING SA                                                        | CUSIP: ZP3544803<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |       240000 | PA      | $210094.26    | 0.18%             | 2028-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CPUK FINANCE LTD                                | CPUK FINANCE LTD                                                           | CUSIP: AN7907735<br>LEI: 6354003CVDDPNXREIR29 | Long             | DBT              | CORP              | JE        |       290000 | PA      | $341517.18    | 0.30%             | 2025-08-28      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SANI/IKOS FINANCIAL HLDG                        | SANI/IKOS FINANCIAL HOLDINGS 1 SARL                                        | CUSIP: BQ5038089<br>LEI: 213800TZMBQZ462Y8A24 | Long             | DBT              | CORP              | LU        |       325000 | PA      | $328152.97    | 0.28%             | 2026-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TRAVIS PERKINS PLC                              | TRAVIS PERKINS PLC                                                         | CUSIP: BM3460367<br>LEI: 2138001I27OUBAF22K83 | Long             | DBT              | CORP              | GB        |       163000 | PA      | $181883.96    | 0.16%             | 2026-02-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                        | GRAPHIC PACKAGING INTERNATIONAL LLC                                        | CUSIP: BS3572465<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |       121000 | PA      | $114873.76    | 0.10%             | 2029-02-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CANADIAN GOVERNMENT RRB                         | CANADIAN GOVERNMENT REAL RETURN BOND                                       | CUSIP: 135087WV2<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | USGSE             | CA        |      2613776 | PA      | $2438725.60   | 2.11%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORSTED AS                                       | ORSTED AS                                                                  | CUSIP: BO0177879<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | DBT              | CORP              | DK        |       132000 | PA      | $115358.00    | 0.10%             | 3021-02-18      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                          | BRAZIL LETRAS DO TESOURO NACIONAL                                          | CUSIP: BX5046434<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | USGSE             | BR        |      9000000 | PA      | $1244636.58   | 1.08%             | 2026-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                        | OLYMPUS WATER US HOLDING CORP                                              | CUSIP: BR3444733<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |       335000 | PA      | $286814.20    | 0.25%             | 2029-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CANADA HOUSING TRUST                            | CANADA HOUSING TRUST NO 1                                                  | CUSIP: 13509PDV2<br>LEI: 549300M44WH89JG50067 | Long             | DBT              | USGSE             | CA        |      2030000 | PA      | $1505423.77   | 1.31%             | 2023-09-15      | Fixed         | 2.35%                 | Yes           |                  2 | On Loan: No      |
| NEW ZEALAND GOVERNMENT                          | NEW ZEALAND GOVERNMENT BOND                                                | CUSIP: BR2219516<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | USGSE             | NZ        |      3230000 | PA      | $1536131.43   | 1.33%             | 2051-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                         | MEXICAN BONOS                                                              | CUSIP: AM7523740<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | USGSE             | MX        |     24000000 | PA      | $1175458.96   | 1.02%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN UK PLC                            | IRON MOUNTAIN UK PLC                                                       | CUSIP: AP8028452<br>LEI: 213800OT3BUEZ7P7XW26 | Long             | DBT              | CORP              | GB        |       189000 | PA      | $218726.14    | 0.19%             | 2025-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CBRE GI OPEN END FUND                           | CBRE GLOBAL INVESTORS OPEN-ENDED FUND SCA SICAV-SIF PAN EUROPEAN CORE FUND | CUSIP: BN6470585<br>LEI: 529900J5H3JGJ83AUZ88 | Long             | DBT              | CORP              | LU        |       464000 | PA      | $396434.48    | 0.34%             | 2028-01-27      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| STONEGATE PUB FIN                               | STONEGATE PUB CO FINANCING 2019 PLC                                        | CUSIP: BK5852979<br>LEI: 254900L5266ML3505282 | Long             | DBT              | CORP              | GB        |       303000 | PA      | $348197.86    | 0.30%             | 2025-07-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INFINEON TECHNOLOGIES AG                        | INFINEON TECHNOLOGIES AG                                                   | CUSIP: ZR7968624<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | DBT              | CORP              | DE        |       200000 | PA      | $201142.75    | 0.17%             | 2170-04-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| NOBEL BIDCO BV                                  | NOBEL BIDCO BV                                                             | CUSIP: BP9638928<br>LEI: 549300NZZFLYK83VVT71 | Long             | DBT              | CORP              | NL        |       295000 | PA      | $230003.05    | 0.20%             | 2028-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FOUR FINANCE SA                                 | 4FINANCE SA                                                                | CUSIP: BS0562089<br>LEI: 2138003QX1RSCHWUB420 | Long             | DBT              | CORP              | LU        |       400000 | PA      | $390107.25    | 0.34%             | 2026-10-26      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| CIRSA FINANCE INTER                             | CIRSA FINANCE INTERNATIONAL SARL                                           | CUSIP: ZS5184610<br>LEI: 254900KUJN6DHWH2K029 | Long             | DBT              | CORP              | LU        |       282000 | PA      | $292703.72    | 0.25%             | 2025-05-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                               | INTERNATIONAL FINANCE CORP                                                 | CUSIP: 45950VEM4<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | CORP              | XX        |     98010000 | PA      | $1179661.00   | 1.02%             | 2024-11-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| HISCOX LTD                                      | HISCOX LTD                                                                 | CUSIP: BZ0261512<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | DBT              | CORP              | BM        |       265000 | PA      | $335899.39    | 0.29%             | 2027-09-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CEDACRI MERGECO SPA                             | CEDACRI MERGECO SPA                                                        | CUSIP: BP4653245<br>LEI: 213800Z5DANXME2K6X50 | Long             | DBT              | CORP              | IT        |       204000 | PA      | $212020.34    | 0.18%             | 2028-05-15      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| VIRGIN MONEY UK PLC                             | VIRGIN MONEY UK PLC                                                        | CUSIP: AO0218757<br>LEI: 213800ZK9VGCYYR6O495 | Long             | DBT              | CORP              | GB        |       680000 | PA      | $807795.67    | 0.70%             | 2025-06-22      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                           | BANIJAY ENTERTAINMENT SASU                                                 | CUSIP: ZP6062878<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |       324000 | PA      | $341319.38    | 0.30%             | 2025-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EUROPE BV                            | TELEFONICA EUROPE BV                                                       | CUSIP: AX5204828<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |       300000 | PA      | $320572.81    | 0.28%             | 2170-03-14      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| INVESTEC PLC                                    | INVESTEC PLC                                                               | CUSIP: AP3490574<br>LEI: 2138007Z3U5GWDN3MY22 | Long             | DBT              | CORP              | GB        |       400000 | PA      | $454583.85    | 0.39%             | 2171-12-05      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                        | URUGUAY GOVERNMENT INTERNATIONAL BOND                                      | CUSIP: 917288BM3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | USGSE             | UY        |     18249479 | PA      | $426025.65    | 0.37%             | 2031-05-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JERROLD FINCO PLC                               | JERROLD FINCO PLC                                                          | CUSIP: ZP7634485<br>LEI: 213800F7AYNHLL1BPR31 | Long             | DBT              | CORP              | GB        |       165000 | PA      | $179182.12    | 0.16%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ORSTED AS                                       | ORSTED AS                                                                  | CUSIP: BY8969697<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | DBT              | CORP              | DK        |       319000 | PA      | $338907.66    | 0.29%             | 2031-09-13      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                   | AIB GROUP PLC                                                              | CUSIP: ZM4790261<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |       428000 | PA      | $464455.31    | 0.40%             | 2029-07-23      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| OCADO GROUP PLC                                 | OCADO GROUP PLC                                                            | CUSIP: BR6433402<br>LEI: 213800LO8F61YB8MBC74 | Long             | DBT              | CORP              | GB        |       294000 | PA      | $286475.85    | 0.25%             | 2026-10-08      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SAMHALLSBYGGNADSBOLAGET I NORDEN AB             | SAMHALLSBYGGNADSBOLAGET I NORDEN AB                                        | CUSIP: BM9761636<br>LEI: 549300HX9MRFY47AH564 | Long             | DBT              | CORP              | SE        |       455000 | PA      | $199859.70    | 0.17%             | 2170-03-14      | Variable      | 2.62%                 | No            |                  2 | On Loan: —       |
| ELECTRICITE DE FRANCE SA                        | ELECTRICITE DE FRANCE SA                                                   | CUSIP: EJ5161736<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |       200000 | PA      | $229718.17    | 0.20%             | 2170-07-29      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                | ALTICE FRANCE SA/FRANCE                                                    | CUSIP: ZR5945228<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |       273000 | PA      | $233715.35    | 0.20%             | 2028-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CONCERIA PASUBIO SPA                            | CONCERIA PASUBIO SPA                                                       | CUSIP: BR4828728<br>LEI: 815600FAD0B0323CB244 | Long             | DBT              | CORP              | IT        |       380000 | PA      | $326982.11    | 0.28%             | 2028-09-30      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| BCP MODULAR SERVICES                            | BCP V MODULAR SERVICES FINANCE II PLC                                      | CUSIP: BR8296948<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |       296000 | PA      | $282470.31    | 0.24%             | 2028-11-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VENDOR FIN                         | VIRGIN MEDIA VENDOR FINANCING NOTES III DAC                                | CUSIP: BJ8379676<br>LEI: 635400SSKC2QCGEPIQ43 | Long             | DBT              | CORP              | IE        |       300000 | PA      | $311120.18    | 0.27%             | 2028-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRITAX EUROBOX PLC                              | TRITAX EUROBOX PLC                                                         | CUSIP: BP7959839<br>LEI: 213800HK59N7H979QU33 | Long             | DBT              | CORP              | GB        |       626000 | PA      | $564879.09    | 0.49%             | 2026-06-02      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| COVENTRY BLDG SOCIETY                           | COVENTRY BUILDING SOCIETY                                                  | CUSIP: ZO4763926<br>LEI: 2138004G59FXEAZ6IO10 | Long             | DBT              | CORP              | GB        |       468000 | PA      | $524817.10    | 0.46%             | 2025-09-21      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NZ LOCAL GOVT FUND AGENC                        | NEW ZEALAND LOCAL GOVERNMENT FUNDING AGENCY BOND                           | CUSIP: AX4963606<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | USGSE             | NZ        |      1020000 | PA      | $635397.14    | 0.55%             | 2024-04-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM I/L GILT                         | UNITED KINGDOM INFLATION-LINKED GILT                                       | CUSIP: EI6849349<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | USGSE             | GB        |       769892 | PA      | $1018755.17   | 0.88%             | 2034-03-22      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CHROME BIDCO SASU                               | CHROME BIDCO SASU                                                          | CUSIP: BP4523166<br>LEI: 9845000C1FYE89DC8677 | Long             | DBT              | CORP              | FR        |       186000 | PA      | $168585.43    | 0.15%             | 2028-05-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KLEOPATRA FINCO SARL                            | KLEOPATRA FINCO SARL                                                       | CUSIP: BN7932955<br>LEI: 222100M6T1N8VIC8M726 | Long             | DBT              | CORP              | LU        |       310000 | PA      | $284025.71    | 0.25%             | 2026-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL EXPRESS GROUP PLC                      | NATIONAL EXPRESS GROUP PLC                                                 | CUSIP: QZ9484028<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |       620000 | PA      | $750710.82    | 0.65%             | 2023-11-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC                            | HEATHROW FINANCE PLC                                                       | CUSIP: EK5349379<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |       136000 | PA      | $166150.21    | 0.14%             | 2025-03-03      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| INFINEON TECHNOLOGIES AG                        | INFINEON TECHNOLOGIES AG                                                   | CUSIP: ZR7966826<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | DBT              | CORP              | DE        |       300000 | PA      | $310057.90    | 0.27%             | 2170-04-01      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| SIGMA ALIMENTOS SA                              | SIGMA ALIMENTOS SA DE CV                                                   | CUSIP: AM2935816<br>LEI: 549300FW3RGHPHT21D10 | Long             | DBT              | CORP              | MX        |       536000 | PA      | $574880.16    | 0.50%             | 2024-02-07      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL EXPRESS GROUP PLC                      | NATIONAL EXPRESS GROUP PLC                                                 | CUSIP: BM6584122<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |       160000 | PA      | $175731.43    | 0.15%             | 2170-02-26      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                        | REPUBLIC OF SOUTH AFRICA GOVERNMENT BOND                                   | CUSIP: EJ7500048<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | USGSE             | ZA        |     42010000 | PA      | $2213130.26   | 1.92%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PEACH PROPERTY FINANCE                          | PEACH PROPERTY FINANCE GMBH                                                | CUSIP: ZO9233867<br>LEI: 5299006REENAMLK8A121 | Long             | DBT              | CORP              | DE        |       396000 | PA      | $326224.32    | 0.28%             | 2025-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AUSTRALIAN GOVERNMENT                           | AUSTRALIA GOVERNMENT BOND                                                  | CUSIP: BV8650343<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | USGSE             | AU        |      3485000 | PA      | $2332401.18   | 2.02%             | 2033-11-21      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TRITAX BIG BOX REIT PLC                         | TRITAX BIG BOX REIT PLC                                                    | CUSIP: BM6831903<br>LEI: 213800L6X88MIYPVR714 | Long             | DBT              | CORP              | GB        |       559000 | PA      | $485407.24    | 0.42%             | 2033-11-27      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                           | BANK OF IRELAND GROUP PLC                                                  | CUSIP: BJ4988181<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |       280000 | PA      | $304453.75    | 0.26%             | 2171-11-19      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                | PERUVIAN GOVERNMENT INTERNATIONAL BOND                                     | CUSIP: ZS0184482<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | USGSE             | PE        |      4870000 | PA      | $1108913.25   | 0.96%             | 2032-08-12      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                             | MALAYSIA GOVERNMENT BOND                                                   | CUSIP: AZ4602308<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | USGSE             | MY        |      2780000 | PA      | $648572.76    | 0.56%             | 2034-07-05      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                        | CLARIOS GLOBAL LP / CLARIOS US FINANCE CO                                  | CUSIP: AX5655565<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       225000 | PA      | $234170.07    | 0.20%             | 2026-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                 | UNITED GROUP BV                                                            | CUSIP: AO3427801<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |       217000 | PA      | $228843.64    | 0.20%             | 2024-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CA IMMOBILIEN ANLAGEN AG                        | CA IMMOBILIEN ANLAGEN AG                                                   | CUSIP: ZP7362947<br>LEI: 5299003ICAPV07J0R180 | Long             | DBT              | CORP              | AT        |       200000 | PA      | $177155.10    | 0.15%             | 2027-02-05      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                               | ILIAD HOLDING SASU                                                         | CUSIP: BR8159815<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |       213000 | PA      | $216511.36    | 0.19%             | 2028-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                        | FORD MOTOR CREDIT CO LLC                                                   | CUSIP: BM9458266<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |       232000 | PA      | $273113.64    | 0.24%             | 2024-06-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                              | BANCO SANTANDER SA                                                         | CUSIP: AP3065806<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |       400000 | PA      | $427330.40    | 0.37%             | 2171-12-29      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND GVT ILB                             | NEW ZEALAND GOVERNMENT INFLATION LINKED BOND                               | CUSIP: EJ7263811<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | USGSE             | NZ        |      2170000 | PA      | $1855580.89   | 1.61%             | 2030-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                 | UNITED GROUP BV                                                            | CUSIP: ZS6131305<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |       170000 | PA      | $174057.39    | 0.15%             | 2025-05-15      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                        | LLOYDS BANKING GROUP PLC                                                   | CUSIP: EK1359034<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |       550000 | PA      | $583038.00    | 0.51%             | 2170-06-27      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                        | ALBION FINANCING 1 SARL / AGGREKO HOLDINGS INC                             | CUSIP: BR9345504<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |       209000 | PA      | $205063.22    | 0.18%             | 2026-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JERROLD FINCO PLC                               | JERROLD FINCO PLC                                                          | CUSIP: BN5134158<br>LEI: 213800F7AYNHLL1BPR31 | Long             | DBT              | CORP              | GB        |       275000 | PA      | $289652.47    | 0.25%             | 2027-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                   | UNICREDIT SPA                                                              | CUSIP: BG0391683<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |       600000 | PA      | $515827.67    | 0.45%             | 2170-06-03      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| PICARD GROUPE SA                                | PICARD GROUPE SAS                                                          | CUSIP: BQ2953892<br>LEI: 969500C0PA29TV19CT55 | Long             | DBT              | CORP              | FR        |       237000 | PA      | $234473.37    | 0.20%             | 2026-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                             | VERISURE HOLDING AB                                                        | CUSIP: BN5128630<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |       324000 | PA      | $312396.88    | 0.27%             | 2027-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                       | IQVIA INC                                                                  | CUSIP: BJ9491819<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |       242000 | PA      | $235113.54    | 0.20%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                         | NATIONWIDE BUILDING SOCIETY                                                | CUSIP: ZR6557048<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |       416000 | PA      | $496486.21    | 0.43%             | 2171-12-20      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                         | MEXICAN BONOS                                                              | CUSIP: EH6834517<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | USGSE             | MX        |     25000000 | PA      | $1317038.85   | 1.14%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ANACAP FIN EU SA                                | ANACAP FINANCIAL EUROPE SA SICAV-RAIF                                      | CUSIP: AO3128813<br>LEI: 2221001M75L4SO9QJ626 | Long             | DBT              | CORP              | LU        |       400000 | PA      | $365282.40    | 0.32%             | 2024-08-01      | Variable      | 6.64%                 | No            |                  2 | On Loan: —       |
| NZ LOCAL GOVT FUND AGENC                        | NEW ZEALAND LOCAL GOVERNMENT FUNDING AGENCY BOND                           | CUSIP: AN1028702<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | USGSE             | NZ        |      1120000 | PA      | $646214.50    | 0.56%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEXI SPA                                        | NEXI SPA                                                                   | CUSIP: BP0500739<br>LEI: 5493000P70CQRQG8SN85 | Long             | DBT              | CORP              | IT        |       149000 | PA      | $145547.08    | 0.13%             | 2026-04-30      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| FABBRICA ITA SINTETICI                          | FIS FABBRICA ITALIANA SINTETICI SPA                                        | CUSIP: BT9871315<br>LEI: 8156004D7056C63EC525 | Long             | DBT              | CORP              | IT        |       310000 | PA      | $288651.26    | 0.25%             | 2027-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TESCO PLC                                       | TESCO PLC                                                                  | CUSIP: EC4688452<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | DBT              | CORP              | GB        |       160000 | PA      | $407695.80    | 0.35%             | 2025-11-05      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| EUROPEAN UNION                                  | EUROPEAN UNION                                                             | CUSIP: BQ5072864<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | CORP              | XX        |      1444594 | PA      | $977127.70    | 0.85%             | 2041-07-04      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| DEUCE FINCO                                     | DEUCE FINCO PLC                                                            | CUSIP: BP8782677<br>LEI: 9845007DA2BC863E8437 | Long             | DBT              | CORP              | GB        |       306000 | PA      | $321141.13    | 0.28%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EDREAMS ODIGEO SA                               | EDREAMS ODIGEO SA                                                          | CUSIP: BT5459065<br>LEI: 959800Y8LQ5MR2YZ4N96 | Long             | DBT              | CORP              | ES        |       240000 | PA      | $225040.05    | 0.20%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TESCO PROPERTY FIN 3 PLC                        | TESCO PROPERTY FINANCE 3 PLC                                               | CUSIP: EI3117419<br>LEI: 213800HCQGDQGFP75D78 | Long             | DBT              | CORP              | GB        |       348011 | PA      | $426888.17    | 0.37%             | 2040-04-13      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                         | MEXICAN BONOS                                                              | CUSIP: EI8047355<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | USGSE             | MX        |     25000000 | PA      | $1256140.30   | 1.09%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COVENTRY BLDG SOCIETY                           | COVENTRY BUILDING SOCIETY                                                  | CUSIP: AX8737626<br>LEI: 2138004G59FXEAZ6IO10 | Long             | DBT              | CORP              | GB        |       650000 | PA      | $776396.78    | 0.67%             | 2171-09-18      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV                          | VOLKSWAGEN INTERNATIONAL FINANCE NV                                        | CUSIP: BJ9809382<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |       600000 | PA      | $571454.96    | 0.50%             | 2170-06-17      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                     | NETFLIX INC                                                                | CUSIP: ZQ2339088<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |       692000 | PA      | $722852.69    | 0.63%             | 2030-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MATTERHORN TELECOM SA                           | MATTERHORN TELECOM SA                                                      | CUSIP: ZR4591924<br>LEI: 549300MTB0YI26SMUT22 | Long             | DBT              | CORP              | LU        |       229000 | PA      | $228408.41    | 0.20%             | 2026-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                             | SOFTBANK GROUP CORP                                                        | CUSIP: BQ3265361<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |       240000 | PA      | $229547.37    | 0.20%             | 2027-01-06      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ICELAND BONDCO PLC                              | ICELAND BONDCO PLC                                                         | CUSIP: AP0117170<br>LEI: 2138002DRBYIA8QXHO36 | Long             | DBT              | CORP              | GB        |       350000 | PA      | $377191.81    | 0.33%             | 2025-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF COLOMBIA                            | COLOMBIA GOVERNMENT INTERNATIONAL BOND                                     | CUSIP: AO1968996<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | USGSE             | CO        |   7236300000 | PA      | $1113197.88   | 0.97%             | 2032-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                            | COLOMBIA GOVERNMENT INTERNATIONAL BOND                                     | CUSIP: 195325BZ7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | USGSE             | CO        |   3556400000 | PA      | $591324.18    | 0.51%             | 2028-04-28      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV                        | UNIVERSAL MUSIC GROUP NV                                                   | CUSIP: BX3045891<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | DBT              | CORP              | NL        |       620000 | PA      | $657195.72    | 0.57%             | 2027-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                            | INDONESIA TREASURY BOND                                                    | CUSIP: AZ8693832<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | USGSE             | ID        |  29779000000 | PA      | $2003238.69   | 1.74%             | 2025-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NOBIAN FINANCE B                                | NOBIAN FINANCE BV                                                          | CUSIP: BQ1586552<br>LEI: 254900ZGJ6MMZN9IQQ31 | Long             | DBT              | CORP              | NL        |       317000 | PA      | $298843.95    | 0.26%             | 2026-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| NATIONAL EXPRESS GROUP PLC                      | NATIONAL EXPRESS GROUP PLC                                                 | CUSIP: ZQ5985093<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |       644000 | PA      | $681653.58    | 0.59%             | 2028-11-20      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                           | EG GLOBAL FINANCE PLC                                                      | CUSIP: ZS2796366<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |       351000 | PA      | $341204.87    | 0.30%             | 2025-02-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                            | LORCA TELECOM BONDCO SA                                                    | CUSIP: ZO5675947<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |       291000 | PA      | $290771.82    | 0.25%             | 2027-09-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD AB                            | HEIMSTADEN BOSTAD AB                                                       | CUSIP: BN7192709<br>LEI: 549300TJR3PR8EXILG79 | Long             | DBT              | CORP              | SE        |       450000 | PA      | $292955.67    | 0.25%             | 2170-05-01      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND GOVERNMENT                          | NEW ZEALAND GOVERNMENT BOND                                                | CUSIP: QZ2927965<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | USGSE             | NZ        |      2670000 | PA      | $1431223.53   | 1.24%             | 2037-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BBG019RZPKR1                                    | TYM3P    114.5 PIT                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DIR              |  | US        |           44 | NC      | $60500.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DANA FINANCING LUX SARL                         | DANA FINANCING LUXEMBOURG SARL                                             | CUSIP: BP4849777<br>LEI: 222100DKCE3D036DQU13 | Long             | DBT              | CORP              | LU        |       268000 | PA      | $237558.73    | 0.21%             | 2029-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MITCHELLS & BUTLERS FINA                        | MITCHELLS & BUTLERS FINANCE PLC                                            | CUSIP: ED2163118<br>LEI: 213800E7QA1U8BF34219 | Long             | DBT              | CORP              | GB        |       199495 | PA      | $233072.39    | 0.20%             | 2028-12-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| G H3 COMDTY                                     | LONG GILT FUTURE MAR23                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | DIR              |  | GB        |          -15 | NC      | $-1932677.30  | -1.68%            |  |  |  | No            |                  1 | On Loan: No      |
| TYH3 COMDTY                                     | US 10YR NOTE (CBT)MAR23                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DIR              |  | US        |           10 | NC      | $1145156.30   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DUH3 COMDTY                                     | EURO-SCHATZ FUT MAR23                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | DIR              |  | DE        |         -102 | NC      | $-11725989.03 | -10.17%           |  |  |  | No            |                  1 | On Loan: No      |
| FVH3 COMDTY                                     | US 5YR NOTE (CBT) MAR23                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DIR              |  | US        |           18 | NC      | $1966359.42   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRE                  | Dreyfus Institutional Preferred Government Plus Money Market Fund          | CUSIP: N/A<br>LEI: 549300RBWL04JG8SIX57       | Long             | STIV             | RF                | US        |      4235790 | OU      | $4235790.29   | 3.67%             | 2099-12-01      | Variable      | 4.40%                 | No            |                  1 | On Loan: No      |
| 99VVB9HH4                                       | DREYFUS INST PREF GOVT PLUS-SL #4134                                       | CUSIP: 99VVB9HH4<br>LEI: N/A                  | Long             |  | RF                | US        |      3707267 | OU      | $3707267.34   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-23

**Name of Applicant:** BNY Mellon Advantage Funds, Inc.

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Fund Treasurer