# EDGAR Filing Document

**Accession Number:** 0000081443
**File Stem:** 0001752724-25-203785
**Filing Date:** 2025-8
**Character Count:** 255232
**Document Hash:** 7a2c67d5d12a08eab494ce88d510d732
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203785.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203785

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB CAP FUND, INC.
- **CENTRAL INDEX KEY:** 0000081443

**ORGANIZATION NAME:**
- **EIN:** 132625045
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01716
- **FILM NUMBER:** 251253551

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN CAP FUND, INC.
- **DATE OF NAME CHANGE:** 20110524

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN CAP FUND,INC
- **DATE OF NAME CHANGE:** 20040908

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCEBERNSTEIN SMALL CAP GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19931001

## Series and Classes Contracts Data

### AB Emerging Markets Multi-Asset Portfolio (Series ID: S000033729)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000103967 | Class A       | ABAEX           |
| C000103968 | Class C       | ABCEX           |
| C000103969 | Advisor Class | ABYEX           |
| C000103972 | Class I       | ABIEX           |

## Nport-Ex

**AB Emerging Markets Multi-Asset Portfolio** 

**Portfolio of Investments** 

**June 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **COMMON STOCKS – 66.5%** |  |  |
|  **Financials** – **19.4%** |  |  |
|  **Banks** – **11.6%** |  |  |
|  Absa Group Ltd. | 8700 | $86595 |
|  Abu Dhabi Islamic Bank PJSC | 107599 | 629968 |
|  Agricultural Bank of China Ltd. - Class H | 117000 | 83610 |
|  Alior Bank SA | 1016 | 26712 |
|  Banco de Chile | 571283 | 86401 |
|  Banco del Bajio SA<sup>(a)</sup>  | 35700 | 86185 |
|  Banco Santander Chile | 1411174 | 88628 |
|  Bank of Baroda | 288387 | 836802 |
|  Bank of Changsha Co., Ltd. - Class A | 60700 | 84317 |
|  Bank of Jiangsu Co., Ltd. - Class A | 50900 | 84918 |
|  Bank of Ningbo Co., Ltd. - Class A | 3700 | 14147 |
|  Bank Polska Kasa Opieki SA | 27665 | 1424871 |
|  Canara Bank | 65198 | 86687 |
|  China Construction Bank Corp. - Class H | 354000 | 358229 |
|  China Everbright Bank Co., Ltd. - Class A | 211500 | 122664 |
|  Credicorp Ltd. | 39 | 8717 |
|  Emirates NBD Bank PJSC | 178679 | 1109264 |
|  Grupo Financiero Banorte SAB de CV | 237610 | 2180397 |
|  Hana Financial Group, Inc. | 3350 | 213388 |
|  HDFC Bank Ltd. | 3719 | 86674 |
|  Huaxia Bank Co., Ltd. - Class A | 73100 | 80794 |
|  ICICI Bank Ltd. | 146069 | 2468529 |
|  Indian Bank | 11970 | 89841 |
|  Industrial Bank Co., Ltd. - Class A | 12900 | 42075 |
|  Industrial Bank of Korea | 6384 | 86222 |
|  ING Bank Slaski SA<sup>(b)</sup>  | 1016 | 87986 |
|  Itau Unibanco Holding SA (Preference Shares) | 358910 | 2440913 |
|  Moneta Money Bank AS<sup>(a)</sup>  | 12455 | 85904 |
|  Ping An Bank Co., Ltd. - Class A | 50800 | 85682 |
|  Piraeus Financial Holdings SA<sup>(b)</sup>  | 98960 | 685573 |
|  Punjab National Bank | 10508 | 13531 |
|  Regional SAB de CV | 4500 | 37171 |
|  Sberbank of Russia PJSC<sup>(c)</sup><sup>(d)(e)</sup> | 138696 | 0 |
|  SCB X PCL | 23300 | 84216 |
|  SinoPac Financial Holdings Co., Ltd. | 229 | 190 |
|  Standard Bank Group Ltd. | 5039 | 64699 |
|  State Bank of India | 210155 | 2008938 |
|  Turkiye Garanti Bankasi AS | 29126 | 98843 |
|  Union Bank of India Ltd. | 50933 | 91182 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16251463 |
|  **Capital Markets** – **1.4%** |  |  |
|  HDFC Asset Management Co., Ltd.<sup>(a)</sup>  | 26164 | 1585309 |
|  Korea Investment Holdings Co., Ltd. | 777 | 80181 |
|  NH Investment & Securities Co., Ltd. | 5598 | 82783 |
|  Samsung Securities Co., Ltd. | 3043 | 165504 |
|  |  | 1913777 |
|  **Consumer Finance** – **1.5%** |  |  |
|  Muthoot Finance Ltd. | 5916 | 181374 |
|  Qifu Technology, Inc. (ADR) | 41833 | 1813879 |
|  Shriram Finance Ltd. | 10768 | 88844 |
|  |  | 2084097 |
|  **Financial Services** – **0.1%** |  |  |
|  Power Finance Corp., Ltd. | 17311 | 86367 |
|  REC Ltd. | 3993 | 18761 |
|  |  | 105128 |
|  **Insurance** – **4.8%** |  |  |
|  BB Seguridade Participacoes SA | 256500 | 1690140 |
|  China Life Insurance Co., Ltd. - Class H | 34000 | 82041 |
|  China Pacific Insurance Group Co., Ltd. - Class A | 6200 | 32510 |
|  DB Insurance Co., Ltd. | 1976 | 180315 |
|  Hyundai Marine & Fire Insurance Co., Ltd.<sup>(b)</sup>  | 18276 | 358032 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  New China Life Insurance Co., Ltd. - Class A | 20800 | $170183 |
|  Old Mutual Ltd. | 50912 | 34711 |
|  OUTsurance Group Ltd. | 173029 | 765564 |
|  People's Insurance Co. Group of China Ltd. (The) - Class H | 235000 | 179376 |
|  PICC Property & Casualty Co., Ltd. - Class H | 1030000 | 2001470 |
|  Samsung Fire & Marine Insurance Co., Ltd. | 3936 | 1262029 |
|  |  | 6756371 |
|  |  | 27110836 |
|  **Information Technology – 18.2%** |  |  |
|  **Communications Equipment – 2.6%** |  |  |
|  Accton Technology Corp. | 12000 | 299925 |
|  Xiaomi Corp. - Class H<sup>(b)</sup>  | 426800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3285394 |
|  |  | 3585319 |
|  **Electronic Equipment, Instruments & Components – 0.2%** |  |  |
|  Elite Material Co., Ltd. | 3000 | 90716 |
|  Largan Precision Co., Ltd. | 1000 | 81670 |
|  Synnex Technology International Corp. | 38000 | 83747 |
|  |  | 256133 |
|  **IT Services – 1.8%** |  |  |
|  Arabian Internet & Communications Services Co. | 1011 | 71794 |
|  HCL Technologies Ltd. | 81394 | 1641064 |
|  Infosys Ltd. | 47194 | 881711 |
|  |  | 2594569 |
|  **Semiconductors & Semiconductor Equipment – 9.1%** |  |  |
|  MediaTek, Inc. | 56200 | 2408095 |
|  Novatek Microelectronics Corp. | 5000 | 93254 |
|  Realtek Semiconductor Corp. | 40000 | 776840 |
|  SK Hynix, Inc. | 6509 | 1402570 |
|  Taiwan Semiconductor Manufacturing Co., Ltd. | 218200 | 7979433 |
|  United Microelectronics Corp. | 55000 | 82956 |
|  WAAREE Energies Ltd.<sup>(b)</sup>  | 946 | 34649 |
|  |  | 12777797 |
|  **Software – 0.1%** |  |  |
|  Oracle Financial Services Software Ltd. | 796 | 83369 |
|  **Technology Hardware, Storage & Peripherals – 4.4%** |  |  |
|  Advantech Co., Ltd. | 29000 | 336433 |
|  Asustek Computer, Inc. | 89000 | 1967556 |
|  Catcher Technology Co., Ltd. | 12000 | 87135 |
|  Samsung Electronics Co., Ltd. | 85051 | 3761093 |
|  Samsung Electronics Co., Ltd. (Preference Shares) | 1781 | 65336 |
|  |  | 6217553 |
|  |  | 25514740 |
|  **Consumer Discretionary – 10.4%** |  |  |
|  **Automobiles – 2.3%** |  |  |
|  BYD Co., Ltd. - Class A | 35276 | 1636823 |
|  Geely Automobile Holdings Ltd. - Class H | 39000 | 79607 |
|  Kia Corp. | 19624 | 1404184 |
|  TVS Motor Co., Ltd. | 1359 | 46244 |
|  |  | 3166858 |
|  **Broadline Retail – 4.0%** |  |  |
|  Alibaba Group Holding Ltd. - Class H | 220000 | 3114309 |
|  JD.com, Inc. - Class H | 40104 | 654991 |
|  MercadoLibre, Inc.<sup>(b)</sup>  | 664 | 1735450 |
|  PDD Holdings, Inc. (ADR)<sup>(b)</sup>  | 1369 | 143280 |
|  |  | 5648030 |
|  **Hotels, Restaurants & Leisure – 1.4%** |  |  |
|  Haidilao International Holding Ltd. - Class H<sup>(a)</sup>  | 33000 | 62917 |
|  Meituan - Class H<sup>(a)</sup><sup>(b)</sup> | 40400 | 649876 |
|  OPAP SA | 57509 | 1304047 |
|  |  | 2016840 |
|  **Household Durables – 1.6%** |  |  |
|  Coway Co., Ltd. | 1185 | 84678 |
|  Gree Electric Appliances, Inc. of Zhuhai - Class A | 271800 | 1706370 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  Hisense Home Appliances Group Co., Ltd. - Class H | 17000 | $46440 |
|  Hisense Visual Technology Co., Ltd. - Class A | 109200 | 351359 |
|  Nien Made Enterprise Co., Ltd. | 6000 | 83647 |
|  |  | 2272494 |
|  **Specialty Retail – 0.2%** |  |  |
|  Chow Tai Fook Jewellery Group Ltd. - Class H | 36200 | 62071 |
|  Jarir Marketing Co. | 24844 | 83052 |
|  Zhongsheng Group Holdings Ltd. - Class H | 37500 | 58001 |
|  |  | 203124 |
|  **Textiles, Apparel & Luxury Goods – 0.9%** |  |  |
|  Bosideng International Holdings Ltd. - Class H | 1698000 | 1006351 |
|  Page Industries Ltd. | 326 | 187243 |
|  |  | 1193594 |
|  |  | 14500940 |
|  **Communication Services – 9.5%** |  |  |
|  **Diversified Telecommunication Services – 0.4%** |  |  |
|  Emirates Integrated Telecommunications Co. PJSC | 24111 | 65126 |
|  KT Corp. (Sponsored ADR) | 18260 | 379443 |
|  LG Uplus Corp. | 8620 | 91260 |
|  |  | 535829 |
|  **Entertainment – 1.8%** |  |  |
|  37 Interactive Entertainment Network Technology Group Co., Ltd. - Class A | 36200 | 87483 |
|  International Games System Co., Ltd. | 6000 | 176135 |
|  Krafton, Inc.<sup>(b)</sup>  | 318 | 85380 |
|  Kuaishou Technology - Class H<sup>(a)</sup><sup>(b)</sup> | 11100 | 90105 |
|  NetEase, Inc. - Class H | 78300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2110135 |
|  |  | 2549238 |
|  **Interactive Media & Services – 5.6%** |  |  |
|  NAVER Corp. | 8925 | 1733101 |
|  Tencent Holdings Ltd. - Class H | 95500 | 6153601 |
|  |  | 7886702 |
|  **Media – 0.1%** |  |  |
|  Cheil Worldwide, Inc. | 5639 | 83629 |
|  **Wireless Telecommunication Services – 1.6%** |  |  |
|  Etihad Etisalat Co. | 19359 | 306090 |
|  SK Telecom Co., Ltd. | 45605 | 1918764 |
|  |  | 2224854 |
|  |  | 13280252 |
|  **Real Estate – 2.4%** |  |  |
|  **Real Estate Management & Development – 2.4%** |  |  |
|  Aldar Properties PJSC | 58058 | 141081 |
|  Emaar Development PJSC | 317763 | 1169874 |
|  Emaar Properties PJSC | 534996 | 1984643 |
|  Zhejiang China Commodities City Group Co., Ltd. - Class A | 7000 | 20242 |
|  |  | 3315840 |
|  **Industrials – 2.3%** |  |  |
|  **Aerospace & Defense – 0.2%** |  |  |
|  Bharat Electronics Ltd. | 17395 | 85791 |
|  Hanwha Aerospace Co., Ltd. | 73 | 45810 |
|  Hindustan Aeronautics Ltd.<sup>(a)</sup>  | 1489 | 84705 |
|  Mazagon Dock Shipbuilders Ltd. | 2219 | 84020 |
|  |  | 300326 |
|  **Air Freight & Logistics – 0.0%** |  |  |
|  Hyundai Glovis Co., Ltd. | 180 | 17921 |
|  **Electrical Equipment – 0.0%** |  |  |
|  Polycab India Ltd. | 379 | 28932 |
|  **Ground Transportation – 0.1%** |  |  |
|  Vamos Locacao de Caminhoes Maquinas e |  |  |
|  Equipamentos SA | 99000 | 76166 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Industrial Conglomerates – 0.1%** |  |  |
|  Astra International Tbk PT | 290600 | $80588 |
|  Sime Darby Bhd | 160100 | 62746 |
|  |  | 143334 |
|  **Machinery – 1.3%** |  |  |
|  Ashok Leyland Ltd. | 29621 | 86220 |
|  Cummins India Ltd. | 2198 | 87164 |
|  HD Korea Shipbuilding & Offshore Engineering Co., Ltd. | 28 | 7561 |
|  Yutong Bus Co., Ltd. - Class A | 453099 | 1574113 |
|  |  | 1755058 |
|  **Marine Transportation – 0.3%** |  |  |
|  COSCO SHIPPING Holdings Co., Ltd. - Class A | 37500 | 78848 |
|  COSCO SHIPPING Holdings Co., Ltd. - Class H | 47500 | 82693 |
|  Evergreen Marine Corp. Taiwan Ltd. | 12000 | 81716 |
|  Orient Overseas International Ltd. - Class H | 5000 | 85095 |
|  Yang Ming Marine Transport Corp. | 34000 | 82652 |
|  |  | 411004 |
|  **Passenger Airlines – 0.1%** |  |  |
|  China Airlines Ltd. | 118000 | 87191 |
|  Eva Airways Corp. | 64000 | 87356 |
|  InterGlobe Aviation Ltd.<sup>(a)</sup>  | 448 | 31170 |
|  |  | 205717 |
|  **Professional Services – 0.0%** |  |  |
|  HeadHunter Group PLC (ADR)<sup>(b)</sup><sup>(c)(d)</sup> | 18930 | 0 |
|  **Trading Companies & Distributors – 0.0%** |  |  |
|  BOC Aviation Ltd. - Class H<sup>(a)</sup>  | 3900 | 32337 |
|  **Transportation Infrastructure – 0.2%** |  |  |
|  Grupo Aeroportuario del Centro Norte SAB de CV | 6600 | 86806 |
|  International Container Terminal Services, Inc. | 14960 | 109064 |
|  Salik Co. PJSC | 19812 | 32632 |
|  Zhejiang Expressway Co., Ltd. - Class H | 92000 | 84730 |
|  |  | 313232 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3284027 |
|  **Materials – 1.5%** |  |  |
|  **Chemicals – 1.0%** |  |  |
|  Coromandel International Ltd. | 3047 | 88731 |
|  Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 10835 | 70048 |
|  PhosAgro PJSC (GDR REG S)<sup>(b)</sup><sup>(c)(d)(f)</sup> | 4393 | 0 |
|  PhosAgro PJSC (GDR)<sup>(b)</sup><sup>(c)(d)(f)</sup> | 28 | 0 |
|  SABIC Agri-Nutrients Co. | 2819 | 80604 |
|  Saudi Aramco Base Oil Co. | 3151 | 85878 |
|  Solar Industries India Ltd. | 425 | 87224 |
|  Yanbu National Petrochemical Co. | 2399 | 19328 |
|  Yunnan Yuntianhua Co., Ltd. - Class A | 298900 | 917645 |
|  |  | 1349458 |
|  **Construction Materials – 0.1%** |  |  |
|  Beijing Oriental Yuhong Waterproof Technology Co., Ltd. - Class A | 51900 | 77838 |
|  **Metals & Mining – 0.4%** |  |  |
|  China Hongqiao Group Ltd. - Class H | 84000 | 193419 |
|  Harmony Gold Mining Co., Ltd. | 3441 | 47878 |
|  Hindustan Zinc Ltd. | 16015 | 84307 |
|  Kumba Iron Ore Ltd. | 5368 | 86428 |
|  Lloyds Metals & Energy Ltd. | 1084 | 20043 |
|  MMC Norilsk Nickel PJSC (ADR)<sup>(b)</sup><sup>(c)(d)(e)</sup> | 3568 | 0 |
|  NMDC Ltd. | 104792 | 85584 |
|  Polyus PJSC (GDR)<sup>(b)</sup><sup>(c)(d)(e)</sup> | 284 | 0 |
|  Vedanta Ltd. | 16330 | 87939 |
|  |  | 605598 |
|  |  | 2032894 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Utilities – 1.2%** |  |  |
|  **Electric Utilities – 1.2%** |  |  |
|  CEZ AS | 1518 | $89169 |
|  Cia Energetica de Minas Gerais (Preference Shares) | 687100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1365828 |
|  CPFL Energia SA | 11600 | 87239 |
|  Korea Electric Power Corp. | 3381 | 97702 |
|  Manila Electric Co. | 8960 | 85655 |
|  |  | 1725593 |
|  **Consumer Staples – 1.2%** |  |  |
|  **Consumer Staples Distribution & Retail – 0.1%** |  |  |
|  Nahdi Medical Co. | 2562 | 87233 |
|  **Food & Staples Retailing – 0.0%** |  |  |
|  Magnit PJSC<sup>(c)</sup><sup>(d)(e)</sup> | 1178 | 0 |
|  **Food Products – 0.6%** |  |  |
|  AVI Ltd. | 76500 | 406747 |
|  Britannia Industries Ltd. | 2804 | 191309 |
|  China Feihe Ltd. - Class H<sup>(a)</sup>  | 116384 | 84895 |
|  Marico Ltd. | 14908 | 125526 |
|  |  | 808477 |
|  **Personal Care Products – 0.5%** |  |  |
|  Colgate-Palmolive India Ltd. | 26521 | 745756 |
|  **Tobacco – 0.0%** |  |  |
|  Eastern Co. SAE | 32231 | 19494 |
|  KT&G Corp. | 502 | 47382 |
|  |  | 66876 |
|  |  | 1708342 |
|  **Energy – 0.2%** |  |  |
|  **Oil, Gas & Consumable Fuels – 0.2%** |  |  |
|  Alamtri Resources Indonesia Tbk PT | 82700 | 9336 |
|  Bharat Petroleum Corp., Ltd. | 22803 | 88181 |
|  Coal India Ltd. | 18540 | 84770 |
|  Gazprom PJSC<sup>(b)</sup><sup>(c)(d)(e)</sup> | 153780 | 0 |
|  Hindustan Petroleum Corp., Ltd. | 17919 | 91393 |
|  LUKOIL PJSC<sup>(b)</sup><sup>(</sup><sup>c)(d)(e)</sup> | 18789 | 0 |
|  PTT Exploration & Production PCL | 8600 | 28968 |
|  United Tractors Tbk PT | 5600 | 7398 |
|  Yankuang Energy Group Co., Ltd. - Class H | 8000 | 7963 |
|  |  | 318009 |
|  **Health Care – 0.2%** |  |  |
|  **Biotechnology – 0.1%** |  |  |
|  Imeik Technology Development Co., Ltd. - Class A | 3493 | 85335 |
|  **Life Sciences Tools & Services – 0.0%** |  |  |
|  WuXi AppTec Co., Ltd. - Class H<sup>(a)</sup>  | 7000 | 70423 |
|  **Pharmaceuticals – 0.1%** |  |  |
|  CSPC Pharmaceutical Group Ltd. - Class H | 80000 | 78693 |
|  |  | 234451 |
|  Total Common Stocks<br>(cost $71,313,761) |  | 93025924 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Principal<br>Amount**<br>**(000)** | **Principal<br>Amount**<br>**(000)** | |
|  **FIXED INCOME – 24.0%** |  |  |  |
|  **Sovereign Bonds – 13.2%** |  |  |  |
|  Abu Dhabi Government International Bond<br>3.125%, 09/30/2049<sup>(a)</sup>  | U.S.$| 390 | 264420 |
|  Angolan Government International Bond<br>8.00%, 11/26/2029<sup>(a)</sup>  |  | 740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669700 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Argentine Republic Government International Bond<br>0.75%, 07/09/2030<sup>(g)</sup>  | U.S.$| 198 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/09/2029 |  | 195 | 162365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/09/2038<sup>(g)</sup>  |  | 993 | 705458 |
|  Brazilian Government International Bond<br>7.125%, 05/13/2054 |  | 200 | 191100 |
|  Chile Electricity Lux Mpc II SARL<br>5.58%, 10/20/2035<sup>(a)</sup>  |  | 196 | 195794 |
|  Colombia Government International Bond<br>4.125%, 02/22/2042 |  | 203 | 128702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2045 |  | 223 | 150302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/14/2035 |  | 625 | 628906 |
|  Costa Rica Government International Bond<br>7.16%, 03/12/2045<sup>(a)</sup>  |  | 200 | 207250 |
|  Dominican Republic International Bond<br>4.875%, 09/23/2032<sup>(a)</sup>  |  | 405 | 373612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 01/25/2027<sup>(a)</sup>  |  | 355 | 358195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/22/2033<sup>(a)</sup>  |  | 219 | 216700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/15/2037<sup>(a)</sup>  |  | 410 | 418251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 04/20/2027<sup>(a)</sup>  |  | 133 | 137867 |
|  Ecuador Government International Bond<br>5.50%, 07/31/2035<sup>(a)</sup><sup>(g)</sup> |  | 790 | 573968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 07/31/2030<sup>(a)</sup><sup>(g)</sup> |  | 229 | 198741 |
|  Egypt Government International Bond<br>7.05%, 01/15/2032<sup>(a)</sup>  |  | 200 | 182042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 09/30/2033<sup>(a)</sup>  |  | 353 | 312934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.60%, 03/01/2029<sup>(a)</sup><sup>(g)</sup> |  | 400 | 402876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 02/04/2030<sup>(a)</sup>  |  | 260 | 262730 |
|  El Salvador Government International Bond<br>8.625%, 02/28/2029<sup>(a)</sup>  |  | 456 | 475551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.65%, 11/21/2054<sup>(a)</sup>  |  | 200 | 207000 |
|  Ghana Government International Bond<br>Zero Coupon, 07/03/2026<sup>(a)</sup>  |  | 17 | 16024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 01/03/2030<sup>(a)</sup>  |  | 37 | 30915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/03/2029<sup>(a)</sup><sup>(g)</sup> |  | 167 | 155918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/03/2035<sup>(a)</sup><sup>(g)</sup> |  | 262 | 202686 |
|  Guatemala Government Bond<br>6.05%, 08/06/2031<sup>(a)</sup>  |  | 200 | 203200 |
|  Hazine Mustesarligi Varlik Kiralama AS<br>6.75%, 09/01/2030<sup>(a)</sup>  |  | 200 | 199935 |
|  Hungary Government International Bond<br>5.50%, 03/26/2036<sup>(a)</sup>  |  | 577 | 554941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/25/2052<sup>(a)</sup>  |  | 400 | 407092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/23/2055<sup>(a)</sup>  |  | 200 | 201600 |
|  Israel Government International Bond<br>Series 5Y<br>5.375%, 02/19/2030 |  | 250 | 255322 |
|  Ivory Coast Government International Bond<br>5.75%, 12/31/2032<sup>(a)</sup><sup>(g)</sup> |  | 55 | 52675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/2033<sup>(a)</sup>  |  | 200 | 181876 |
|  Jamaica Government International Bond<br>8.00%, 03/15/2039 |  | 208 | 245060 |
|  Jordan Government International Bond<br>7.75%, 01/15/2028<sup>(a)</sup>  |  | 330 | 340098 |
|  Lebanon Government International Bond<br>Series 10Y<br>6.00%, 01/27/2023<sup>(a)</sup><sup>(b)(h</sup><sup>)</sup> |  | 36 | 6804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 03/23/2027<sup>(a)</sup><sup>(b)(i)</sup> |  | 481 | 90909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>6.10%, 10/04/2022<sup>(a)</sup><sup>(b)(h)</sup> |  | 216 | 40824 |
|  Morocco Government International Bond<br>4.00%, 12/15/2050<sup>(a)</sup>  |  | 463 | 314261 |
|  Nigeria Government International Bond<br>6.125%, 09/28/2028<sup>(a)</sup>  |  | 787 | 749130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 03/24/2029<sup>(a)</sup>  |  | 207 | 208294 |
|  Oman Government International Bond<br>7.375%, 10/28/2032<sup>(a)</sup>  |  | 200 | 226120 |
|  Oriental Republic of Uruguay<br>5.25%, 09/10/2060 |  | 160 | 144914 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Panama Government International Bond<br>3.87%, 07/23/2060 | U.S.$| 370 | $210900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 03/28/2054 |  | 200 | 183175 |
|  Paraguay Government International Bond<br>5.40%, 03/30/2050<sup>(a)</sup>  |  | 249 | 213019 |
|  Peruvian Government International Bond<br>2.78%, 12/01/2060 |  | 45 | 24165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/18/2050 |  | 65 | 61872 |
|  Philippine Government International Bond<br>4.20%, 03/29/2047 |  | 273 | 223177 |
|  Republic of South Africa Government International Bond<br>Series 10Y<br>5.875%, 04/20/2032 |  | 370 | 361052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 30Y<br>6.30%, 06/22/2048 |  | 220 | 178200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 11/19/2054<sup>(a)</sup>  |  | 200 | 190600 |
|  Republic of Uzbekistan International Bond<br>6.95%, 05/25/2032<sup>(a)</sup>  |  | 448 | 460880 |
|  Romanian Government International Bond<br>3.00%, 02/14/2031<sup>(a)</sup>  |  | 94 | 80323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/27/2032<sup>(a)</sup>  |  | 238 | 204011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/14/2051<sup>(a)</sup>  |  | 210 | 131612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/30/2029<sup>(a)</sup>  |  | 60 | 60295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/10/2037<sup>(a)</sup>  |  | 280 | 290606 |
|  Saudi Government International Bond<br>3.45%, 02/02/2061<sup>(a)</sup>  |  | 262 | 161623 |
|  Senegal Government International Bond<br>Series 7Y<br>7.75%, 06/10/2031<sup>(a)</sup>  |  | 282 | 207183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/13/2048<sup>(a)</sup>  |  | 200 | 119750 |
|  Sri Lanka Government International Bond<br>3.35%, 03/15/2033<sup>(a)</sup><sup>(g)</sup> |  | 377 | 304785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 05/15/2036<sup>(a)</sup><sup>(g)</sup> |  | 55 | 44717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 02/15/2038<sup>(a)</sup><sup>(g)</sup> |  | 110 | 89706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/2028<sup>(a)</sup>  |  | 60 | 55777 |
|  Trinidad & Tobago Government International Bond<br>6.40%, 06/26/2034<sup>(a)</sup>  |  | 200 | 196400 |
|  Turkiye Government International Bond<br>Series 10Y<br>5.875%, 06/26/2031 |  | 755 | 718382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 05/29/2032 |  | 200 | 200800 |
|  Ukraine Government International Bond<br>Zero Coupon, 02/01/2030<sup>(a)</sup><sup>(g)</sup> |  | 33 | 15566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/01/2035<sup>(a)</sup><sup>(g)</sup> |  | 326 | 152577 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/01/2036<sup>(a)</sup><sup>(g)</sup> |  | 147 | 68559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/01/2029<sup>(a)</sup><sup>(g)</sup> |  | 152 | 93941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/01/2034<sup>(a)</sup><sup>(g)</sup> |  | 209 | 107401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/01/2035<sup>(a)</sup><sup>(g)</sup> |  | 143 | 72510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/01/2036<sup>(a)</sup><sup>(g)</sup> |  | 282 | 140138 |
|  Uruguay Government International Bond<br>4.975%, 04/20/2055 |  | 62 | 55279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/18/2050 |  | 124 | 114305 |
|  Venezuela Government International Bond<br>11.95%, 08/05/2031<sup>(a)</sup><sup>(b)(i)</sup> |  | 265 | 49858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.75%, 08/23/2022<sup>(a)</sup><sup>(b)(h)</sup> |  | 254 | 46373 |
|  Zambia Government International Bond<br>0.50%, 12/31/2053<sup>(a)</sup>  |  | 132 | 89665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/30/2033<sup>(a)</sup><sup>(g)</sup> |  | 118 | 108116 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18497295 |
|  **Corporate Bonds – 5.3%** |  |  |  |
|  Adani Electricity Mumbai Ltd.<br>3.95%, 02/12/2030<sup>(a)</sup>  |  | 210 | 187425 |
|  AES Andes SA<br>6.30%, 03/15/2029<sup>(a)</sup>  |  | 200 | 204691 |
|  AES Panama Generation Holdings SRL<br>4.375%, 05/31/2030<sup>(a)</sup>  |  | 188 | 171233 |
|  Akbank TAS<br>7.50%, 01/20/2030<sup>(a)</sup>  |  | 200 | 202750 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount**<br> **(000)** | **Principal<br>Amount**<br> **(000)** | **U.S. $ Value** |
|  Ambipar Lux SARL<br>10.875%, 02/05/2033<sup>(a)</sup>  | U.S.$| 200 | $189883 |
|  Bank Leumi Le-Israel BM<br>7.13%, 07/18/2033<sup>(a)</sup>  |  | 200 | 204895 |
|  Braskem Netherlands Finance BV<br>4.50%, 01/10/2028<sup>(a)</sup>  |  | 200 | 171740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/31/2030<sup>(a)</sup>  |  | 200 | 154000 |
|  Canacol Energy Ltd.<br>5.75%, 11/24/2028<sup>(a)</sup> |  | 200 | 69786 |
|  China Cinda 2020 I Management Ltd.<br>Series E<br>3.25%, 01/28/2027<sup>(a)</sup>  |  | 200 | 195688 |
|  CIBANCO SA Institucion de Banca Multiple Trust CIB/3332<br>4.375%, 07/22/2031<sup>(a)</sup>  |  | 200 | 155900 |
|  Credicorp Capital Sociedad Titulizadora SA<br>10.10%, 12/15/2043<sup>(a)</sup>  | PEN | 500 | 146436 |
|  Ecopetrol SA<br>8.625%, 01/19/2029 | U.S.$| 716 | 756368 |
|  Empresas Publicas de Medellin ESP<br>4.375%, 02/15/2031<sup>(a)</sup>  |  | 200 | 175454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/08/2027<sup>(a)</sup>  | COP | 418000 | 93111 |
|  Engie Energia Chile SA<br>6.375%, 04/17/2034<sup>(a)</sup>  | U.S.$| 200 | 206200 |
|  Eregli Demir ve Celik Fabrikalari TAS<br>8.375%, 07/23/2029<sup>(a)</sup>  |  | 200 | 205000 |
|  Greenko Dutch BV<br>3.85%, 03/29/2026<sup>(a)</sup>  |  | 176 | 172568 |
|  JSW Steel Ltd.<br>3.95%, 04/05/2027<sup>(a)</sup>  |  | 200 | 192610 |
|  Lenovo Group Ltd.<br>3.42%, 11/02/2030<sup>(a)</sup>  |  | 245 | 228095 |
|  Leviathan Bond Ltd.<br>6.75%, 06/30/2030<sup>(a)</sup>  |  | 42 | 41820 |
|  Lima Metro Line 2 Finance Ltd.<br>4.35%, 04/05/2036<sup>(a)</sup>  |  | 274 | 258046 |
|  Limak Yenilenebilir Enerji AS<br>9.625%, 08/12/2030<sup>(a)</sup>  |  | 200 | 197562 |
|  Ma'aden Sukuk Ltd.<br>5.25%, 02/13/2030<sup>(a)</sup>  |  | 200 | 203334 |
|  Medco Cypress Tree Pte. Ltd.<br>8.625%, 05/19/2030<sup>(a)</sup>  |  | 250 | 256062 |
|  Melco Resorts Finance Ltd.<br>5.75%, 07/21/2028<sup>(a)</sup>  |  | 200 | 195676 |
|  Mersin Uluslararasi Liman Isletmeciligi AS<br>8.25%, 11/15/2028<sup>(a)</sup>  |  | 200 | 207750 |
|  Navoi Mining & Metallurgical Combinat<br>6.70%, 10/17/2028<sup>(a)</sup>  |  | 200 | 204511 |
|  OCP SA<br>7.50%, 05/02/2054<sup>(a)</sup>  |  | 200 | 199294 |
|  Port Of Spain Waterfront Development<br>7.875%, 02/19/2040<sup>(a)</sup>  |  | 200 | 198137 |
|  Raizen Fuels Finance SA<br>6.25%, 07/08/2032<sup>(a)</sup>  |  | 200 | 198003 |
|  Sasol Financing USA LLC<br>8.75%, 05/03/2029<sup>(a)</sup>  |  | 200 | 197817 |
|  Sociedad Quimica y Minera de Chile SA<br>5.50%, 09/10/2034<sup>(a)</sup>  |  | 200 | 195250 |
|  Sorik Marapi Geothermal Power PT<br>7.75%, 08/05/2031<sup>(a)</sup>  |  | 197 | 197954 |
|  Stillwater Mining Co.<br>4.00%, 11/16/2026<sup>(a)</sup>  |  | 200 | 194344 |
|  Vedanta Resources Finance II PLC<br>10.875%, 09/17/2029<sup>(a)</sup>  |  | 200 | 207256 |
|  Volcan Cia Minera SAA<br>8.75%, 01/24/2030<sup>(a)</sup>  |  | 132 | 130762 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7367411 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount**<br> **(000)** | **Principal<br>Amount**<br> **(000)** | **U.S. $ Value** |
|  **Quasi-Sovereign Bonds** – **4.5%** |  |  |  |
|  Abu Dhabi Crude Oil Pipeline LLC<br>4.60%, 11/02/2047<sup>(a)</sup>  | U.S.$| 200 | $178750 |
|  Banco Nacional de Panama<br>2.50%, 08/11/2030<sup>(a)</sup>  |  | 200 | 166800 |
|  Bank Gospodarstwa Krajowego<br>5.375%, 05/22/2033<sup>(a)</sup>  |  | 200 | 201048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/09/2054<sup>(a)</sup>  |  | 230 | 226578 |
|  Bapco Energies BSC Closed<br>7.50%, 10/25/2027<sup>(a)</sup>  |  | 259 | 264483 |
|  Caixa Economica Federal<br>5.625%, 05/13/2030<sup>(a)</sup>  |  | 200 | 200000 |
|  Comision Federal de Electricidad<br>Series E<br>5.00%, 09/29/2036<sup>(f)</sup>  |  | 199 | 177260 |
|  Corp. Nacional del Cobre de Chile<br>3.70%, 01/30/2050<sup>(a)</sup>  |  | 200 | 134480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 01/08/2034<sup>(a)</sup>  |  | 518 | 527712 |
|  Pertamina Persero PT<br>2.30%, 02/09/2031<sup>(a)</sup>  |  | 200 | 173750 |
|  Petroleos de Venezuela SA<br>5.375%, 04/12/2027<sup>(a)</sup><sup>(b)(i)</sup> |  | 706 | 88616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 11/17/2021<sup>(a)</sup><sup>(b)(h)</sup> |  | 128 | 16788 |
|  Petroleos Mexicanos<br>5.50%, 06/27/2044 |  | 81 | 54189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/23/2046 |  | 88 | 58080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 02/12/2048 |  | 910 | 633269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 01/23/2045 |  | 300 | 210714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/23/2029 |  | 1091 | 1067969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.69%, 01/23/2050 |  | 135 | 105975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 06/02/2029 |  | 175 | 180877 |
|  Petronas Capital Ltd.<br>3.40%, 04/28/2061<sup>(a)</sup>  |  | 322 | 209992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 04/03/2035<sup>(a)</sup>  |  | 310 | 317288 |
|  TC Ziraat Bankasi AS<br>8.00%, 01/16/2029<sup>(a)</sup>  |  | 200 | 205342 |
|  Transnet SOC Ltd.<br>8.25%, 02/06/2028<sup>(a)</sup>  |  | 404 | 418015 |
|  Turkiye Ihracat Kredi Bankasi AS<br>6.875%, 07/03/2028<sup>(a)</sup>  |  | 200 | 200394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 01/28/2027<sup>(a)</sup>  |  | 200 | 208876 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6227245 |
|  **Treasury Bonds** – **0.5%** |  |  |  |
|  Peru Government Bond<br>7.30%, 08/12/2033<sup>(a)</sup><sup>(g)</sup> | PEN | 1864 | 572804 |
|  U.S. Treasury Bonds<br>4.50%, 11/15/2054 | U.S.$| 120 | 114558 |
|  |  |  | 687362 |
|  **Inflation-Linked Securities** – **0.2%** |  |  |  |
|  Brazil Notas do Tesouro Nacional<br>Series B<br>6.00%, 08/15/2050 | BRL | 425 | 320666 |
|  **Emerging Markets - Treasuries – 0.2%** |  |  |  |
|  Colombian TES<br>Series B<br>6.25%, 07/09/2036 | COP | 341600 | 53900 |
|  Republic of South Africa Government Bond<br>Series 2048<br>8.75%, 02/28/2048 | ZAR | 4633 | 209925 |
|  |  |  | 263825 |
|  **Sovereign Agencies** – **0.1%** |  |  |  |
|  Baiterek National Managing Holding JSC<br>5.45%, 05/08/2028<sup>(a)</sup>  | U.S.$| 200 | 202148 |
|  Total Fixed Income<br>(cost $33,505,891) |  |  | 33565952 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount**<br> **(000)** | **Principal<br>Amount**<br> **(000)** | **U.S. $ Value** |
|  **SHORT-TERM INVESTMENTS** – **8.9%** |  |  |  |
|  **Treasury Bills** – **6.8%** |  |  |  |
|  **United States** – **6.8%** |  |  |  |
|  U.S. Treasury Bill<br>Zero Coupon, 07/01/2025 | U.S.$| 170 | $169980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/17/2025 |  | 170 | 169686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/24/2025 |  | 9100 | 9075697 |
|  Total Treasury Bills<br>(cost $9,415,249) |  |  | 9415363 |
|  | **Shares** | **Shares** |  |
|  **Investment Companies** – **1.6%** |  |  |  |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.17%<sup>(j)</sup><sup>(k)(l)</sup><br>(cost $2,231,640) |  | 2231640 | 2231640 |
|  | **Principal<br>Amount**<br>**(000)** | **Principal<br>Amount**<br>**(000)** |  |
|  **Time Deposits** – **0.5%** |  |  |  |
|  ANZ, London<br>2.61%, 07/01/2025 | AUD | 12 | 7897 |
|  Citibank, London<br>0.86%, 07/01/2025 | EUR | 10 | 12025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.17%, 07/01/2025 | GBP | 6 | 7683 |
|  Citibank, New York<br>3.68%, 07/01/2025 | U.S.$| 399 | 399331 |
|  HSBC, Hong Kong<br>0.02%, 07/02/2025 | HKD | 63 | 8000 |
|  HSBC, Singapore<br>0.46%, 07/01/2025 | SGD | 1 | 753 |
|  Nordea, Oslo<br>2.94%, 07/01/2025 | NOK | 2 | 185 |
|  Royal Bank of Canada, Toronto<br>1.55%, 07/02/2025 | CAD | 14 | 10264 |
|  SEB, Stockholm<br>(0.31)%, 07/01/2025 | CHF | 1 | 1584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 07/01/2025 | SEK | 10 | 1031 |
|  SMBC, Tokyo<br>0.12%, 07/01/2025 | JPY | 4955 | 34411 |
|  Standard Chartered Bank, Johannesburg<br>5.16%, 07/01/2025 | ZAR | 4055 | 229070 |
|  Total Time Deposits<br>(cost $712,234) |  |  | 712234 |
|  Total Short-Term Investments<br>(cost $12,359,123) |  |  | 12359237 |
|  **Total Investments – 99.4%**<br>(cost $117,178,775)<sup>(m)</sup>  |  |  | 138951113 |
|  Other assets less liabilities – 0.6% |  |  | 873326 |
|  **Net Assets – 100.0%** |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139824439 |

---

------

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number**<br> **of**<br> **Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** |
| MSCI Emerging Markets Index Futures | 198 | September 2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12211650 | $259974 |
| U.S. 10 Yr Ultra Futures | 10 | September 2025 | 1142656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19531 |
| U.S. T-Note 2 Yr (CBT) Futures | 17 | September 2025 | 3536399 | 11531 |
| U.S. T-Note 5 Yr (CBT) Futures | 1 | September 2025 | 109000 | 1281 |
| U.S. T-Note 10 Yr (CBT) Futures | 12 | September 2025 | 1345500 | 24094 |
| U.S. Ultra Bond (CBT) Futures | 11 | September 2025 | 1310375 | 39899 |
| **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** |
| U.S. Long Bond (CBT) Futures | 1 | September 2025 | 115469 | (2930) |
|  |  |  |  | $353380 |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to**<br> **Deliver**<br> **(000)** | **Contracts to**<br> **Deliver**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Bank of America NA | BRL | 7059 | USD | 1268 | 07/02/2025 | $(30793) |
| Bank of America NA | USD | 1293 | BRL | 7059 | 07/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5714 |
| Bank of America NA | PEN | 969 | USD | 272 | 07/15/2025 | (1730) |
| Bank of America NA | KRW | 1034880 | USD | 755 | 07/17/2025 | (10278) |
| Bank of America NA | CZK | 26149 | USD | 1194 | 07/18/2025 | (52639) |
| Bank of America NA | USD | 1259 | BRL | 7059 | 08/04/2025 | 29382 |
| Bank of America NA | USD | 1287 | CNH | 9195 | 08/07/2025 | 1056 |
| Bank of America NA | ZAR | 10539 | USD | 592 | 08/07/2025 | (1552) |
| Barclays Bank PLC | PEN | 5498 | USD | 1498 | 07/15/2025 | (53661) |
| Barclays Bank PLC | USD | 1337 | KRW | 1810474 | 07/17/2025 | 2596 |
| Barclays Bank PLC | IDR | 19105737 | USD | 1178 | 07/24/2025 | (2341) |
| Barclays Bank PLC | USD | 1737 | INR | 149471 | 08/14/2025 | 3226 |
| Barclays Bank PLC | MYR | 14570 | USD | 3454 | 09/17/2025 | (13015) |
| Brown Brothers Harriman & Co. | TRY | 2709 | USD | 67 | 07/17/2025 | (418) |
| Brown Brothers Harriman & Co. | HUF | 234965 | USD | 668 | 07/18/2025 | (24155) |
| Brown Brothers Harriman & Co. | PLN | 918 | USD | 243 | 07/18/2025 | (11478) |
| Brown Brothers Harriman & Co. | USD | 811 | THB | 26851 | 07/24/2025 | 16194 |
| Brown Brothers Harriman & Co. | MXN | 14818 | USD | 774 | 08/22/2025 | (11085) |
| Citibank NA | KRW | 7334671 | USD | 5151 | 07/17/2025 | (275128) |
| Citibank NA | USD | 256 | IDR | 4319575 | 07/24/2025 | 10975 |
| Citibank NA | USD | 4450 | PHP | 252152 | 07/29/2025 | 24375 |
| Citibank NA | TWD | 109536 | USD | 3676 | 08/22/2025 | (136554) |
| Citibank NA | USD | 1892 | TWD | 53972 | 08/22/2025 | (13597) |
| Deutsche Bank AG | USD | 2449 | KRW | 3312178 | 07/17/2025 | 1278 |
| Deutsche Bank AG | USD | 705 | HUF | 248897 | 07/18/2025 | 28135 |
| Deutsche Bank AG | USD | 2405 | CNH | 17173 | 08/07/2025 | 990 |
| Deutsche Bank AG | INR | 66881 | USD | 777 | 08/14/2025 | (2242) |
| Goldman Sachs Bank USA | USD | 1406 | COP | 5688622 | 07/15/2025 | (16073) |
| Goldman Sachs Bank USA | PHP | 52766 | USD | 947 | 07/29/2025 | 10576 |
| Goldman Sachs Bank USA | USD | 1416 | INR | 121722 | 08/14/2025 | 1698 |
| Goldman Sachs Bank USA | USD | 4276 | MYR | 17995 | 09/17/2025 | 6546 |
| HSBC Bank USA | USD | 52 | PEN | 188 | 07/15/2025 | 1470 |
| HSBC Bank USA | KRW | 1432422 | USD | 1012 | 07/17/2025 | (47311) |
| HSBC Bank USA | IDR | 53636473 | USD | 3212 | 07/24/2025 | (100173) |
| HSBC Bank USA | USD | 5923 | IDR | 100321296 | 07/24/2025 | 272995 |
| HSBC Bank USA | USD | 640 | PHP | 35547 | 07/29/2025 | (9657) |
| HSBC Bank USA | USD | 715 | ZAR | 12749 | 08/07/2025 | 3305 |
| HSBC Bank USA | USD | 1686 | INR | 145720 | 08/14/2025 | 10887 |
| HSBC Bank USA | TWD | 6160 | USD | 209 | 08/22/2025 | (5580) |
| JPMorgan Chase Bank NA | USD | 416 | PHP | 23570 | 07/29/2025 | 2300 |
| JPMorgan Chase Bank NA | TWD | 26175 | USD | 888 | 08/22/2025 | (22947) |
| Morgan Stanley Capital Services LLC | BRL | 10116 | USD | 1854 | 07/02/2025 | (8189) |
| Morgan Stanley Capital Services LLC | USD | 1777 | BRL | 10116 | 07/02/2025 | 85316 |
| Morgan Stanley Capital Services LLC | CLP | 960538 | USD | 1018 | 07/15/2025 | (13266) |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver**<br> **(000)** | **Contracts to<br>Deliver**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Morgan Stanley Capital Services LLC | COP | 5780396 | USD | 1349 | 07/15/2025 | $(63042) |
| Morgan Stanley Capital Services LLC | USD | 1044 | HUF | 371683 | 07/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50185 |
| Morgan Stanley Capital Services LLC | IDR | 2846624 | USD | 174 | 07/24/2025 | (2099) |
| Morgan Stanley Capital Services LLC | USD | 1116 | ZAR | 20076 | 08/07/2025 | 14760 |
| Standard Chartered Bank | KRW | 3355064 | USD | 2423 | 07/17/2025 | (58793) |
| Standard Chartered Bank | PHP | 26283 | USD | 471 | 07/29/2025 | 4897 |
| Standard Chartered Bank | USD | 259 | PHP | 14737 | 07/29/2025 | 2093 |
| UBS AG | BRL | 3058 | USD | 543 | 07/02/2025 | (19364) |
| UBS AG | USD | 560 | BRL | 3058 | 07/02/2025 | 2475 |
| UBS AG | PLN | 8347 | USD | 2229 | 07/18/2025 | (85431) |
| UBS AG | CNH | 116019 | USD | 16198 | 08/07/2025 | (57994) |
|  |  |  |  |  |  | $(557161) |

---

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed**<br> **Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>June 30,<br>2025** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-EM Series 43,<br>5 Year Index, 6/20/2030\* | 1.00% | Quarterly | 1.56% | USD 2,180 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53373 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74100 | $(20727) |

---

*\** *Termination date* 

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount**<br> **(000)** | **Notional<br>Amount**<br> **(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation**<br> **(Depreciation)** |
| USD | 5420 | 06/06/2028 | 1 Day SOFR | 3.630% | Annual | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30831 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30831 |
| USD | 1910 | 09/13/2029 | 1 Day SOFR | 3.138% | Annual | (42150) | -0- | (42150) |
|  |  |  |  |  |  | $(11319) | $-0- | $(11319) |

---

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At June 30, 2025, the aggregate market value of these securities amounted to $27,385,657 or 19.59% of net assets.* 

*(b)* *Non-income producing security.* 

*(c)* *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* 

*(d)* *Fair valued by the Adviser.* 

------

*(e)* *Restricted and illiquid security.* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Restricted & Illiquid Securities** | **Acquisition**<br> **Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of**<br> **Net Assets** |
|  *Gazprom PJSC* | *10/27/2021 - 02/15/2022* | $*759951* | | $*-0-* | | *0.00%* |
|  *LUKOIL PJSC* | *01/11/2016 - 02/15/2022* | *959078* | | *-0-* | | *0.00%* |
|  *Magnit PJSC* | *04/15/2020 - 06/30/2021* | *46303* | | *-0-* | | *0.00%* |
|  *MMC Norilsk Nickel PJSC (ADR)* | *04/12/2021 - 09/22/2021* | *114460* | | *-0-* | | *0.00%* |
|  *Polyus PJSC (GDR)* | *09/06/2019 - 04/27/2022* | *4388* | | *-0-* | | *0.00%* |
|  *Sberbank of Russia PJSC* | *04/07/2020 - 08/18/2020* | *405713* | | *-0-* | | *0.00%* |

---

*(f)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.13% of net assets as of June 30, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of**<br> **Net Assets** |
|  *Comision Federal de Electricidad<br>Series E<br>5.00%, 09/29/2036* | *09/15/2021* | $*210035* | | $*177260* | | *0.13%* |
|  *PhosAgro PJSC (GDR)* | *06/30/2021* | *447* | | *-0-* | | *0.00%* |
|  *PhosAgro PJSC (GDR REG S)* | *06/30/2021* | *89310* | | *-0-* | | *0.00%* |

---

*(g)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at June 30, 2025.* 

*(h)* *Defaulted matured security.* 

*(i)* *Defaulted.* 

*(j)* *The rate shown represents the 7-day yield as of period end.* 

*(k)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(l)* *Affiliated investments.* 

*(m)* *As of June 30, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $27,905,649 and gross unrealized depreciation of investments was $(6,369,138), resulting in net unrealized appreciation of $21,536,511.* 

*Currency Abbreviations:* 

*AUD – Australian Dollar* 

*BRL – Brazilian Real* 

*CAD – Canadian Dollar* 

*CHF – Swiss Franc* 

*CLP – Chilean Peso* 

*CNH – Chinese Yuan Renminbi (Offshore)* 

*COP – Colombian Peso* 

*CZK – Czech Koruna* 

*EUR – Euro* 

*GBP – Great British Pound* 

*HKD – Hong Kong Dollar* 

*HUF – Hungarian Forint* 

*IDR – Indonesian Rupiah* 

*INR – Indian Rupee* 

*JPY – Japanese Yen* 

*KRW – South Korean Won* 

*MXN – Mexican Peso* 

*MYR – Malaysian Ringgit* 

*NOK – Norwegian Krone* 

*PEN – Peruvian Sol* 

*PHP – Philippine Peso* 

*PLN – Polish Zloty* 

*SEK – Swedish Krona* 

*SGD – Singapore Dollar* 

*THB – Thailand Baht* 

*TRY – Turkish Lira* 

*TWD – New Taiwan Dollar* 

*USD – United States Dollar* 

*ZAR – South African Rand* 

------

*Glossary:* 

*ADR – American Depositary Receipt* 

*CBT – Chicago Board of Trade* 

*CDX-EM – Emerging Market Credit Default Swap Index* 

*GDR – Global Depositary Receipt* 

*JSC – Joint Stock Company* 

*MSCI – Morgan Stanley Capital International* 

*PJSC – Public Joint Stock Company* 

*REG – Registered Shares* 

*SOFR – Secured Overnight Financing Rate* 

**COUNTRY BREAKDOWN<sup>1</sup>** 

**June 30, 2025 (unaudited)** 

21.8 % China

10.7 % Taiwan

9.8 % South Korea

9.8 % India

6.3 % Brazil

4.0 % United Arab Emirates

3.6 % Mexico

2.3 % South Africa

1.9 % Turkey

1.5 % Colombia

1.4 % Greece

1.4 % Poland

1.2 % Chile

15.4 % Other

8.9 % Short-Term Investments

100.0 % Total Investments

<sup>1</sup> The Fund's country breakdown is expressed as a percentage of total investments and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see "Portfolio of Investments" section of the report for additional details). "Other" country weightings represent 1.1% or less in the following: Angola, Argentina, Bahrain, Costa Rica, Cote D'Ivoire, Czech Republic, Dominican Republic, Ecuador, Egypt, El Salvador, Ghana, Guatemala, Hong Kong, Hungary, Indonesia, Israel, Jamaica, Jordan, Kazakhstan, Lebanon, Malaysia, Morocco, Nigeria, Oman, Panama, Paraguay, Peru, Philippines, Romania, Russia, Saudi Arabia, Senegal, Sri Lanka, Thailand, Trinidad and Tobago, Ukraine, United States, Uruguay, Uzbekistan, Venezuela and Zambia. 

------

**AB Emerging Markets Multi-Asset Portfolio** 

**June 30, 2025 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of
investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which are then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

------

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10341970 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16768866 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0<sup>#</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27110836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | -0- | 25514740 | -0- | 25514740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | 3182777 | 11318163 | -0- | 14500940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | 750659 | 12529593 | -0- | 13280252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | -0- | 3315840 | -0- | 3315840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | 162972 | 3121055 | 0<sup>#</sup> | 3284027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 86428 | 1946466 | 0<sup>#</sup> | 2032894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 1627891 | 97702 | -0- | 1725593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | 513474 | 1194868 | 0<sup>#</sup> | 1708342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | -0- | 318009 | 0<sup>#</sup> | 318009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | -0- | 234451 | -0- | 234451 |
| Fixed Income Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sovereign Bonds | -0- | 18497295 | -0- | 18497295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | -0- | 7367411 | -0- | 7367411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quasi-Sovereign Bonds | -0- | 6227245 | -0- | 6227245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury Bonds | -0- | 687362 | -0- | 687362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inflation-Linked Securities | -0- | 320666 | -0- | 320666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets - Treasuries | -0- | 263825 | -0- | 263825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sovereign Agencies | -0- | 202148 | -0- | 202148 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury Bills | -0- | 9415363 | -0- | 9415363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | 2231640 | -0- | -0- | 2231640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 712234 | -0- | -0- | 712234 |
| Total Investments in Securities | 19610045 | 119341068<sup>+</sup> | 0<sup>#</sup> | 138951113 |
| **Other Financial Instruments\*:** |  |  |  |  |
| **Assets** |  |  |  |  |
| Futures | 356310 | -0- | -0- | 356310 |
| Forward Currency Exchange Contracts | -0- | 593424 | -0- | 593424 |
| Centrally Cleared Credit Default Swaps | -0- | 53373 | -0- | 53373 |
| Centrally Cleared Interest Rate Swaps | -0- | 30831 | -0- | 30831 |
| **Liabilities** |  |  |  |  |
| Futures | (2930) | -0- | -0- | (2930) |
| Forward Currency Exchange Contracts | -0- | (1150585) | -0- | (1150585) |
| Centrally Cleared Interest Rate Swaps | -0- | (42150) | -0- | (42150) |
| **Total** | $**19963425** | $**118825961** | $**0<sup>#</sup>** | $**138789386** |

---

*<sup>#</sup>* *The Fund heId securities with zero market value at period end.* 

*+* *A significant portion of the Fund's foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.* 

*\** *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Fund's transactions in AB mutual funds for the three months ended June 30, 2025 is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market<br>Value<br>3/31/25<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market<br>Value<br>6/30/25<br>(000)** | **Dividend<br>Income<br>(000)** | |
| AB Government Money Market Portfolio | $8310 | $15438 | $21516 | $2232 | $46 |  |
| AB Government Money Market Portfolio\* | -0- | 1600 | 1600 | -0- | 0 | \*\* |
| Total |  |  |  | $2232 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 |  |

---

*\** *Investment of cash collateral for securities lending transactions.* 

*\*\** *Amount is less than $500.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB CAP FUND, INC.

- **b. Investment Company Act file number:** 811-01716

- **c. CIK number of Registrant:** 0000081443

- **d. LEI of Registrant:** 549300I24E20QB4B6Y20

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB Emerging Markets Multi-Asset Portfolio

- **b. EDGAR series identifier (if any):** S000033729

- **c. LEI of Series:** 7ZWN2SNJWVYO4A3K1B71

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $143543368.64

**Total Liabilities:** $3631703.79

**Net Assets:** $139911664.85

**Delayed Delivery Securities:** $197676.00

**Cash Not Reported:** $2933517.95

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -14.50000000 | **1-Year:** -549.91000000 | **5-Year:** -2174.08000000 | **10-Year:** -3450.31000000 | **30-Year:** -2439.30000000

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

- **3-Month:** -43.69000000 | **1-Year:** -1463.42000000 | **5-Year:** -3275.08000000 | **10-Year:** -3447.45000000 | **30-Year:** -1194.93000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000103969 | -0.11%               | 2.38%                | 5.52%                |
| Class ID C000103972 | -0.23%               | 2.41%                | 5.58%                |
| Class ID C000103967 | -0.11%               | 2.28%                | 5.58%                |
| Class ID C000103968 | -0.23%               | 2.17%                | 5.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-409577.36              | $178275.19                                 |
| Month 2  | $404491.71               | $2594379.90                                |
| Month 3  | $627975.82               | $5932499.17                                |

**Designated Index Information**

- **Index Name:** MSCI Emerging Markets Index

- **Index Identifier:** MIEF00000PUS:MSI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Manila Electric Co                                           | Manila Electric Co                                                                                                                           | CUSIP: 000000000<br>LEI: 254900RDFLCM12O8SK69 | Long             | EC               | CORP              | PH        |      8960 | NS      | $85655.25     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EREGLI DEMIR VE CELIK REGD REG S                             | EREGLI DEMIR VE CELIK REGD REG S                                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | TR        |    200000 | PA      | $205000.00    | 0.15%             | 2029-07-23      | Fixed         | 8.37%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                       | PURCHASED USD / SOLD BRL                                                                                                                     | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-19364.42    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                     | Petroleos de Venezuela SA                                                                                                                    | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |    706100 | PA      | $88615.55     | 0.06%             | 2027-04-12      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                             | PURCHASED CNH / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | CN        |         1 | NC      | $989.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Fire & Marine Insurance Co Ltd                       | Samsung Fire & Marine Insurance Co Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 988400JMBDK47EW0Z936 | Long             | EC               | CORP              | KR        |      3936 | NS      | $1262029.59   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                           | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                             | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   2231640 | NS      | $2231639.73   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVOI MINING METALLURGIC                                     | Navoi Mining & Metallurgical Combinat                                                                                                        | CUSIP: 63890CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |    200000 | PA      | $204510.90    | 0.15%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| TURK IHRACAT KR BK                                           | Turkiye Ihracat Kredi Bankasi AS                                                                                                             | CUSIP: 90015LAK3<br>LEI: 789000JVRVYLAXGDWR11 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $200394.34    | 0.14%             | 2028-07-03      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                      | Colombia Government International Bonds                                                                                                      | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    223000 | PA      | $150302.00    | 0.11%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JD.com Inc                                                   | JD.com Inc                                                                                                                                   | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     40104 | NS      | $654991.09    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Marico Ltd                                                   | Marico Ltd                                                                                                                                   | CUSIP: 000000000<br>LEI: 3358003SFDQFGJPC5O84 | Long             | EC               | CORP              | IN        |     14908 | NS      | $125525.81    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                        | Sri Lanka Government International Bond                                                                                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    377443 | PA      | $304785.22    | 0.22%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                          | Ecuador Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    229228 | PA      | $198740.68    | 0.14%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                        | Chile Electricity Lux Mpc II Sarl                                                                                                            | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    195501 | PA      | $195794.25    | 0.14%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                      | Sasol Financing USA LLC                                                                                                                      | CUSIP: 000000000<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197816.58    | 0.14%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                        | Venezuela Government International Bond                                                                                                      | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    264500 | PA      | $49858.25     | 0.04%             | 2031-08-05      | Fixed         | 11.95%                | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     36311 | PA      | $16975.39     | 0.01%             | 2036-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                  | Long: IS2NIX4   IRS R03.62PSOFR 06/06/28 MSNYUS33XXX FIXED / Short: IS2NIX4   IRS PSOFRR03.62 06/06/28 MSNYUS33XXX FLOAT                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   5420000 | OU      | $30831.36     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| 37 Interactive Entertainment Network Technology Group Co Ltd | 37 Interactive Entertainment Network Technology Group Co Ltd                                                                                 | CUSIP: 000000000<br>LEI: 300300BE4IFCPHCUMI94 | Long             | EC               | CORP              | CN        |     36200 | NS      | $87483.06     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                            | PURCHASED INR / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | IN        |         1 | NC      | $3226.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Page Industries Ltd                                          | Page Industries Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 335800D6UFCCKUP3KD53 | Long             | EC               | CORP              | IN        |       326 | NS      | $187243.40    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                        | Aldar Properties PJSC                                                                                                                        | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |     58058 | NS      | $141080.77    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds            | Argentina Republic Government International Bonds                                                                                            | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    992903 | PA      | $705457.58    | 0.50%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                                  | LUKOIL PJSC                                                                                                                                  | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |     18789 | NS      | $0.02         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PORT OF SPAIN WATERFRONT                                     | Port Of Spain Waterfront Development                                                                                                         | CUSIP: 73500YAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | TT        |    200000 | PA      | $198137.50    | 0.14%             | 2040-02-19      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     89085 | PA      | $45878.78     | 0.03%             | 2034-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Hisense Visual Technology Co Ltd                             | Hisense Visual Technology Co Ltd                                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    109200 | NS      | $351359.25    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| International Games System Co Ltd                            | International Games System Co Ltd                                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      6000 | NS      | $176134.65    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Asustek Computer Inc                                         | Asustek Computer Inc                                                                                                                         | CUSIP: 000000000<br>LEI: 254900B3WB4OGRB7HM13 | Long             | EC               | CORP              | TW        |     89000 | NS      | $1967555.54   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                          | Senegal Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    200000 | PA      | $119750.00    | 0.09%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                               | ICICI Bank Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    146069 | NS      | $2468528.58   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                                | PURCHASED USD / SOLD HUF                                                                                                                     | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | US        |         1 | NC      | $-22054.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                           | Grupo Financiero Banorte SAB de CV                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    237610 | NS      | $2180397.34   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America, National Association                        | PURCHASED USD / SOLD ZAR                                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-1551.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                       | U.S. Treasury Bills                                                                                                                          | CUSIP: 912797PF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   9100000 | PA      | $9075697.54   | 6.49%             | 2025-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Samsung Securities Co Ltd                                    | Samsung Securities Co Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 988400RBTJTHNUOHE716 | Long             | EC               | CORP              | KR        |      3043 | NS      | $165503.37    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                    | PURCHASED USD / SOLD TWD                                                                                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-22947.23    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Marine & Fire Insurance Co Ltd                       | Hyundai Marine & Fire Insurance Co Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 988400SYR92543UITC37 | Long             | EC               | CORP              | KR        |     18276 | NS      | $358031.99    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, National Association                               | PURCHASED USD / SOLD KRW                                                                                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-275127.95   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                                     | Adani Electricity Mumbai Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    210000 | PA      | $187425.00    | 0.13%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                                | PURCHASED USD / SOLD TRY                                                                                                                     | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | US        |         1 | NC      | $-418.41      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                                   | Bank Polska Kasa Opieki SA                                                                                                                   | CUSIP: 000000000<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |     27665 | NS      | $1424870.60   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                          | Petroleos Mexicanos                                                                                                                          | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    135000 | PA      | $105975.00    | 0.08%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| PDD Holdings Inc                                             | PDD Holdings Inc                                                                                                                             | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      1369 | NS      | $143279.54    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA, National Association                          | PURCHASED USD / SOLD IDR                                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-28859.27    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                     | OCP SA                                                                                                                                       | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $199294.00    | 0.14%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PT SORIK MAR GEO POW                                         | Sorik Marapi Geothermal Power PT                                                                                                             | CUSIP: 000000000<br>LEI: 254900OW9VKG09S8C597 | Long             | DBT              | CORP              | ID        |    197460 | PA      | $197953.65    | 0.14%             | 2031-08-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Britannia Industries Ltd                                     | Britannia Industries Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 335800RRN5EVHNNAXN80 | Long             | EC               | CORP              | IN        |      2804 | NS      | $191308.60    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd                               | COSCO SHIPPING Holdings Co Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 3003009XI0QGYYA29S17 | Long             | EC               | CORP              | CN        |     47500 | NS      | $82693.53     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                      | PURCHASED USD / SOLD KRW                                                                                                                     | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |         1 | NC      | $-34864.02    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                                 | Oriental Republic of Uruguay                                                                                                                 | CUSIP: 760942BG6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    159949 | PA      | $144913.79    | 0.10%             | 2060-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                     | Itau Unibanco Holding SA                                                                                                                     | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    358910 | NS      | $2440913.01   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantech Co Ltd                                             | Advantech Co Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 2549002OSTKE9HB9IY03 | Long             | EC               | CORP              | TW        |     29000 | NS      | $336433.21    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA, National Association                          | PURCHASED PHP / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | PH        |         1 | NC      | $-9656.76     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, National Association                               | PURCHASED IDR / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | ID        |         1 | NC      | $10975.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Bank of India                                          | State Bank of India                                                                                                                          | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |    210155 | NS      | $2008937.52   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                         | Republic of Uzbekistan International Bond                                                                                                    | CUSIP: 91822Q2J5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    448000 | PA      | $460880.00    | 0.33%             | 2032-05-25      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Kuaishou Technology                                          | Kuaishou Technology                                                                                                                          | CUSIP: 000000000<br>LEI: 300300FCDZBE6UP9ED24 | Long             | EC               | CORP              | KY        |     11100 | NS      | $90105.25     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSNET SOC LTD                                             | Transnet SOC Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $206938.00    | 0.15%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp                                   | Realtek Semiconductor Corp                                                                                                                   | CUSIP: 000000000<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |     40000 | NS      | $776839.84    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd                               | Agricultural Bank of China Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |    117000 | NS      | $83610.28     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                              | Long: IS33554   CDX 2I65BZFH0 01.000 BP 06/20/2030 MSNYUS33XXX FLOAT / Short: IS33554   CDX 2I65BZFH0 01.000 BP 06/20/2030 MSNYUS33XXX FIXED | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   2180000 | OU      | $53373.45     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, National Association                               | PURCHASED TWD / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | TW        |         1 | NC      | $-13596.90    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                            | PURCHASED USD / SOLD PEN                                                                                                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-1838.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nahdi Medical Co                                             | Nahdi Medical Co                                                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      2562 | NS      | $87233.01     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominican Republic                                           | Dominican Republic International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    133333 | PA      | $137866.67    | 0.10%             | 2027-04-20      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Huaxia Bank Co Ltd                                           | Huaxia Bank Co Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 300300AKNDEHIGVDZW37 | Long             | EC               | CORP              | CN        |     73100 | NS      | $80793.66     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Vedanta Ltd                                                  | Vedanta Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 335800XDKX9KB5EMCO07 | Long             | EC               | CORP              | IN        |     16330 | NS      | $87939.24     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Mazagon Dock Shipbuilders Ltd                                | Mazagon Dock Shipbuilders Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 335800UWDDBKMF92JF96 | Long             | EC               | CORP              | IN        |      2219 | NS      | $84020.32     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                           | Zambia Government International Bond                                                                                                         | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    132347 | PA      | $89665.09     | 0.06%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                        | Panama Government International Bonds                                                                                                        | CUSIP: 698299BV5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $183175.00    | 0.13%             | 2054-03-28      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| HeadHunter Group PLC                                         | HeadHunter Group PLC                                                                                                                         | CUSIP: 42207L106<br>LEI: 549300IMUCFEWXP6RU11 | Long             | EC               | CORP              | CY        |     18930 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| China Airlines Ltd                                           | China Airlines Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 25490032B2A0G6D0JP27 | Long             | EC               | CORP              | TW        |    118000 | NS      | $87191.12     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds                    | Costa Rica Government International Bonds                                                                                                    | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    200000 | PA      | $207250.00    | 0.15%             | 2045-03-12      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Chow Tai Fook Jewellery Group Ltd                            | Chow Tai Fook Jewellery Group Ltd                                                                                                            | CUSIP: 000000000<br>LEI: 254900VXRL7SRSF44G79 | Long             | EC               | CORP              | KY        |     36200 | NS      | $62071.05     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp Ltd                                    | Bharat Petroleum Corp Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 8GRDBX1TJ0PU5NCSHT72 | Long             | EC               | CORP              | IN        |     22803 | NS      | $88181.27     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Largan Precision Co Ltd                                      | Largan Precision Co Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1000 | NS      | $81670.42     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CEZ AS                                                       | CEZ AS                                                                                                                                       | CUSIP: 000000000<br>LEI: 529900S5R9YHJHYKKG94 | Long             | EC               | CORP              | CZ        |      1518 | NS      | $89169.47     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTsurance Group Ltd                                         | OUTsurance Group Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 984500AC307E8L2D9X52 | Long             | EC               | CORP              | ZA        |    173029 | NS      | $765564.45    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Aviation Ltd                                             | BOC Aviation Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 254900H06V5RMEB3KE72 | Long             | EC               | CORP              | SG        |      3900 | NS      | $32336.72     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co Ltd                              | PICC Property & Casualty Co Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |   1030000 | NS      | $2001470.17   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| BAPCO ENERGIES BSCC                                          | Bapco Energies BSC Closed                                                                                                                    | CUSIP: 67778NAA6<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |    259000 | PA      | $264483.03    | 0.19%             | 2027-10-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                         | Raizen Fuels Finance SA                                                                                                                      | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $198003.23    | 0.14%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                        | PURCHASED USD / SOLD BRL                                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-30792.96    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                          | PURCHASED BRL / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | BR        |         1 | NC      | $85316.12     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongsheng Group Holdings Ltd                                | Zhongsheng Group Holdings Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 3003005VYMEBAJNJ2Y26 | Long             | EC               | CORP              | KY        |     37500 | NS      | $58001.48     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                       | Egypt Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $182042.00    | 0.13%             | 2032-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                            | PURCHASED USD / SOLD PEN                                                                                                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-51822.83    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| TC ZIRAAT BANKASI AS                                         | TC Ziraat Bankasi AS                                                                                                                         | CUSIP: 000000000<br>LEI: 213800K5KTZFSUS8MR51 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $205342.00    | 0.15%             | 2029-01-16      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                          | Peru Government International Bonds                                                                                                          | CUSIP: 715638BM3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     65000 | PA      | $61872.20     | 0.04%             | 2050-11-18      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                       | Egypt Government International Bond                                                                                                          | CUSIP: 03846JAH3<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    260000 | PA      | $262730.00    | 0.19%             | 2030-02-04      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Eastern Co SAE                                               | Eastern Co SAE                                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | EG        |     32231 | NS      | $19494.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings SA                                | Piraeus Financial Holdings SA                                                                                                                | CUSIP: 000000000<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |     98960 | NS      | $685573.29    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, National Association                               | PURCHASED USD / SOLD TWD                                                                                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-136554.35   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Asset Management Co Ltd                                 | HDFC Asset Management Co Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 3358002FLK8AK8WSEP31 | Long             | EC               | CORP              | IN        |     26164 | NS      | $1585309.31   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                            | KINGDOM OF JORDAN REGD REG S                                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | JO        |    330000 | PA      | $340098.00    | 0.24%             | 2028-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                                   | Samsung Electronics Co Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     85051 | NS      | $3761093.13   | 2.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                      | Colombia Government International Bonds                                                                                                      | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    625000 | PA      | $628906.25    | 0.45%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Shriram Finance Ltd                                          | Shriram Finance Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | EC               | CORP              | IN        |     10768 | NS      | $88844.34     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOSAGRO PJSC                                                | PHOSAGRO PJSC                                                                                                                                | CUSIP: 71922G407<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |        28 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Standard Chartered Bank                                      | PURCHASED PHP / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | PH        |         1 | NC      | $2093.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yang Ming Marine Transport Corp                              | Yang Ming Marine Transport Corp                                                                                                              | CUSIP: 000000000<br>LEI: 254900WG2ACWNVSP6E13 | Long             | EC               | CORP              | TW        |     34000 | NS      | $82651.76     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA, National Association                          | PURCHASED ZAR / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | ZA        |         1 | NC      | $3305.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                        | Sri Lanka Government International Bond                                                                                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     59527 | PA      | $55776.91     | 0.04%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regional SAB de CV                                           | Regional SAB de CV                                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |      4500 | NS      | $37171.25     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MMC Norilsk Nickel PJSC                                      | MMC Norilsk Nickel PJSC                                                                                                                      | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |      3568 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                   | FUTURE CONTRACT ON MSCI EMGMKT SEP25                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       198 | NC      | $259974.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN                                     | Empresas Publicas de Medellin ESP                                                                                                            | CUSIP: 000000000<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $175454.00    | 0.13%             | 2031-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Evergreen Marine Corp Taiwan Ltd                             | Evergreen Marine Corp Taiwan Ltd                                                                                                             | CUSIP: 000000000<br>LEI: 254900EIJA0A39C5SO15 | Long             | EC               | CORP              | TW        |     12000 | NS      | $81716.16     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Qifu Technology Inc                                          | Qifu Technology Inc                                                                                                                          | CUSIP: 88557W101<br>LEI: 836800R59NKEPDR6I240 | Long             | EC               | CORP              | KY        |     41833 | NS      | $1813878.88   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                                  | Infosys Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     47194 | NS      | $881710.27    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                             | PTT Exploration & Production PCL                                                                                                             | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |      8600 | NS      | $28967.59     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA, National Association                          | PURCHASED INR / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | IN        |         1 | NC      | $10886.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co Ltd                                        | Hyundai Glovis Co Ltd                                                                                                                        | CUSIP: 000000000<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |       180 | NS      | $17920.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SABIC Agri-Nutrients Co                                      | SABIC Agri-Nutrients Co                                                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      2819 | NS      | $80603.79     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                     | Hazine Mustesarligi Varlik Kiralama AS                                                                                                       | CUSIP: 421790AN6<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $199935.46    | 0.14%             | 2030-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                         | Petronas Capital Ltd                                                                                                                         | CUSIP: 716743AW9<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    310000 | PA      | $317288.10    | 0.23%             | 2035-04-03      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                     | Republic of South Africa Government International Bond                                                                                       | CUSIP: 836205BG8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $190600.00    | 0.14%             | 2054-11-19      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                       | Emaar Development PJSC                                                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |    317763 | NS      | $1169873.65   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                            | Corp. Nacional del Cobre de Chile                                                                                                            | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $134480.00    | 0.10%             | 2050-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA, National Association                          | PURCHASED USD / SOLD KRW                                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-47311.44    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                       | Uruguay Government International Bonds                                                                                                       | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     62392 | PA      | $55279.31     | 0.04%             | 2055-04-20      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Meituan                                                      | Meituan                                                                                                                                      | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |     40400 | NS      | $649876.07    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| NH Investment & Securities Co Ltd                            | NH Investment & Securities Co Ltd                                                                                                            | CUSIP: 000000000<br>LEI: 549300LQ6NXDW1B8NT42 | Long             | EC               | CORP              | KR        |      5598 | NS      | $82782.71     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     13798 | PA      | $6598.76      | 0.00%             | 2030-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Krafton Inc                                                  | Krafton Inc                                                                                                                                  | CUSIP: 000000000<br>LEI: 988400CE024EWSCICK17 | Long             | EC               | CORP              | KR        |       318 | NS      | $85379.62     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                        | Guatemala Government Bond                                                                                                                    | CUSIP: 401494AY5<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $203200.00    | 0.15%             | 2031-08-06      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Beijing Oriental Yuhong Waterproof Technology Co Ltd         | Beijing Oriental Yuhong Waterproof Technology Co Ltd                                                                                         | CUSIP: 000000000<br>LEI: 300300XMIXB7STDZWT60 | Long             | EC               | CORP              | CN        |     51900 | NS      | $77838.60     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                           | Dominican Republic International Bond                                                                                                        | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    410000 | PA      | $418251.25    | 0.30%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                       | FUTURE CONTRACT ON US LONG BOND(CBT) SEP25                                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -1 | NC      | $-2929.69     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BRASKEM NETHERLANDS                                          | Braskem Netherlands Finance BV                                                                                                               | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $171740.00    | 0.12%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA 2020 I MANAGEMENT                                | CHINA CINDA 2020 I MNGMN REGD REG S EMTN                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195688.00    | 0.14%             | 2027-01-28      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                       | FUTURE CONTRACT ON US 5YR NOTE (CBT) SEP25                                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         3 | NC      | $3843.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Garanti Bankasi AS                                   | Turkiye Garanti Bankasi AS                                                                                                                   | CUSIP: 000000000<br>LEI: 5493002XSS7K7RHN1V37 | Long             | EC               | CORP              | TR        |     29126 | NS      | $98843.40     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd                                  | Colgate-Palmolive India Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 335800YWKI47DGFKWB26 | Long             | EC               | CORP              | IN        |     26521 | NS      | $745755.76    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Yuntianhua Co Ltd                                     | Yunnan Yuntianhua Co Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    298900 | NS      | $917645.07    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                          | Petroleos Mexicanos                                                                                                                          | CUSIP: 71654QBX9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | US        |     88000 | PA      | $58080.00     | 0.04%             | 2046-01-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS                                                   | Akbank TAS                                                                                                                                   | CUSIP: 00971YAL4<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $202750.00    | 0.14%             | 2030-01-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                     | Republic of South Africa Government Bond                                                                                                     | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   4633000 | PA      | $209924.65    | 0.15%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SK Telecom Co Ltd                                            | SK Telecom Co Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |     45605 | NS      | $1918764.10   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                                 | Gazprom PJSC                                                                                                                                 | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    153780 | NS      | $0.15         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Korea Investment Holdings Co Ltd                             | Korea Investment Holdings Co Ltd                                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       777 | NS      | $80181.31     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                            | Ghana Government International Bond                                                                                                          | CUSIP: 374422AL7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     16560 | PA      | $16023.66     | 0.01%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Industrial Bank Co Ltd                                       | Industrial Bank Co Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 300300C1030935001303 | Long             | EC               | CORP              | CN        |     12900 | NS      | $42074.87     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDICORP CAPITAL SOCIED                                     | Credicorp Capital Sociedad Titulizadora SA                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    500000 | PA      | $146436.13    | 0.10%             | 2043-12-15      | Fixed         | 10.10%                | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                       | Uruguay Government International Bonds                                                                                                       | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    123975 | PA      | $114304.95    | 0.08%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                      | Hungary Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    577000 | PA      | $554941.29    | 0.40%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alamtri Resources Indonesia Tbk PT                           | Alamtri Resources Indonesia Tbk PT                                                                                                           | CUSIP: 000000000<br>LEI: 529900P2WAH7XA87OI24 | Long             | EC               | CORP              | ID        |     82700 | NS      | $9336.35      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                      | Romanian Government International Bond                                                                                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     94000 | PA      | $80323.00     | 0.06%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CIBANCO SA INS DE BANCA                                      | CIBANCO SA Institucion de Banca Multiple Trust CIB/3332                                                                                      | CUSIP: 000000000<br>LEI: 549300PN33H8IMG2PD83 | Long             | DBT              |  | MX        |    200000 | PA      | $155900.00    | 0.11%             | 2031-07-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds                   | Philippines Government International Bonds                                                                                                   | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    273000 | PA      | $223177.50    | 0.16%             | 2047-03-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Jamaica Government International Bonds                       | Jamaica Government International Bonds                                                                                                       | CUSIP: 470160AV4<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    208000 | PA      | $245060.40    | 0.18%             | 2039-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MA'ADEN SUKUK LTD                                            | Ma'aden Sukuk Ltd                                                                                                                            | CUSIP: 55407NAA0<br>LEI: 254900QDNU6I6VA8UL14 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203334.01    | 0.15%             | 2030-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vamos Locacao de Caminhoes Maquinas e Equipamentos SA        | Vamos Locacao de Caminhoes Maquinas e Equipamentos SA                                                                                        | CUSIP: 000000000<br>LEI: 9845004ADLE5510G4A37 | Long             | EC               | CORP              | BR        |     99000 | NS      | $76166.46     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co Ltd                                           | WuXi AppTec Co Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |      7000 | NS      | $70422.65     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                      | Colombia Government International Bonds                                                                                                      | CUSIP: 195325EA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    203000 | PA      | $128702.00    | 0.09%             | 2042-02-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                           | Zambia Government International Bond                                                                                                         | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    117838 | PA      | $108116.28    | 0.08%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Zhejiang China Commodities City Group Co Ltd                 | Zhejiang China Commodities City Group Co Ltd                                                                                                 | CUSIP: 000000000<br>LEI: 300300UELW04DCUGGZ27 | Long             | EC               | CORP              | CN        |      7000 | NS      | $20242.45     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Absa Group Ltd                                               | Absa Group Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: 2138006IPPRD4N6XLT30 | Long             | EC               | CORP              | ZA        |      8700 | NS      | $86594.64     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Bank Group Ltd                                      | Standard Bank Group Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |      5039 | NS      | $64698.88     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| DB Insurance Co Ltd                                          | DB Insurance Co Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 9884000ZF26VNJBWSJ91 | Long             | EC               | CORP              | KR        |      1976 | NS      | $180315.11    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Expressway Co Ltd                                   | Zhejiang Expressway Co Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 213800X1ZRKM85U9H438 | Long             | EC               | CORP              | CN        |     92000 | NS      | $84729.49     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Zinc Ltd                                           | Hindustan Zinc Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 335800LB39TLJ8YTWM98 | Long             | EC               | CORP              | IN        |     16015 | NS      | $84307.36     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd           | Gujarat Narmada Valley Fertilizers & Chemicals Ltd                                                                                           | CUSIP: 000000000<br>LEI: 335800CLY1JH3J6OZH70 | Long             | EC               | CORP              | IN        |      9457 | NS      | $61138.95     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                             | PURCHASED USD / SOLD INR                                                                                                                     | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-2242.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                                | PURCHASED USD / SOLD MXN                                                                                                                     | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | US        |         1 | NC      | $-11084.92    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                                   | BYD Co Ltd                                                                                                                                   | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     35276 | NS      | $1636823.09   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                             | PURCHASED KRW / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | KR        |         1 | NC      | $1277.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc                                     | Hana Financial Group Inc                                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3350 | NS      | $213388.37    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd                                       | Bharat Electronics Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |     17395 | NS      | $85791.13     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds            | Argentina Republic Government International Bonds                                                                                            | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    194653 | PA      | $162364.85    | 0.12%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                            | Trinidad & Tobago Government International Bond                                                                                              | CUSIP: 896292AM1<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |    200000 | PA      | $196400.00    | 0.14%             | 2034-06-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Kia Corp                                                     | Kia Corp                                                                                                                                     | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |     19624 | NS      | $1404183.61   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Punjab National Bank                                         | Punjab National Bank                                                                                                                         | CUSIP: 000000000<br>LEI: 335800LE3GBR6I412V82 | Long             | EC               | CORP              | IN        |     10508 | NS      | $13531.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Energetica de Minas Gerais                               | Cia Energetica de Minas Gerais                                                                                                               | CUSIP: 000000000<br>LEI: 254900W703PXLDSEM056 | Long             | EC               | CORP              | BR        |    687100 | NS      | $1365827.98   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGDOM OF MOROCCO                                           | Morocco Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    463000 | PA      | $314261.25    | 0.22%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Insurance Corp of India                              | General Insurance Corp of India                                                                                                              | CUSIP: 000000000<br>LEI: 5493001L5RU4INMMUJ95 | Long             | EC               | CORP              | IN        |      1233 | NS      | $5518.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                     | Brazil Notas do Tesouro Nacional Serie B                                                                                                     | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    425000 | PA      | $320665.68    | 0.23%             | 2050-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REC Ltd                                                      | REC Ltd                                                                                                                                      | CUSIP: 000000000<br>LEI: 335800B4YRYWAMIJZ374 | Long             | EC               | CORP              | IN        |      3993 | NS      | $18761.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     43574 | PA      | $20418.51     | 0.01%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                                 | China Construction Bank Corp                                                                                                                 | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |    354000 | NS      | $358229.13    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                                                | PhosAgro PJSC                                                                                                                                | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |      4393 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sberbank of Russia PJSC                                      | Sberbank of Russia PJSC                                                                                                                      | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    138696 | NS      | $0.14         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dominican Republic International Bonds                       | Dominican Republic International Bonds                                                                                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    355000 | PA      | $358195.00    | 0.26%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                      | PURCHASED USD / SOLD KRW                                                                                                                     | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |         1 | NC      | $-23928.75    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp                                                      | KT Corp                                                                                                                                      | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |     18260 | NS      | $379442.80    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| China Life Insurance Co Ltd                                  | China Life Insurance Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 549300J6TFLDXGH6S048 | Long             | EC               | CORP              | CN        |     34000 | NS      | $82040.84     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Yanbu National Petrochemical Co                              | Yanbu National Petrochemical Co                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      2399 | NS      | $19328.53     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Imeik Technology Development Co Ltd                          | Imeik Technology Development Co Ltd                                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3493 | NS      | $85335.34     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumba Iron Ore Ltd                                           | Kumba Iron Ore Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |      5368 | NS      | $86427.72     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMANIA                                                      | Romanian Government International Bond                                                                                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    238000 | PA      | $204011.22    | 0.15%             | 2032-03-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                          | Petroleos Mexicanos                                                                                                                          | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    910000 | PA      | $633269.00    | 0.45%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| BAITEREK NATIONAL MANAGI                                     | Baiterek National Managing Holding JSC                                                                                                       | CUSIP: 05709VAA2<br>LEI: 984500B4F78F04253804 | Long             | DBT              | NUSS              | KZ        |    200000 | PA      | $202148.00    | 0.14%             | 2028-05-08      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                       | PURCHASED MYR / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | MY        |         1 | NC      | $6545.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                      | Romanian Government International Bond                                                                                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    210000 | PA      | $131611.77    | 0.09%             | 2051-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co Ltd                                  | Nien Made Enterprise Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      6000 | NS      | $83646.44     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk PT                                       | United Tractors Tbk PT                                                                                                                       | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |      5600 | NS      | $7398.06      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Uplus Corp                                                | LG Uplus Corp                                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8620 | NS      | $91260.21     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                            | Lebanon Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     36000 | PA      | $6804.00      | 0.00%             | 2023-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                                           | Peru Government Bond                                                                                                                         | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1864000 | PA      | $572804.44    | 0.41%             | 2033-08-12      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    110341 | PA      | $51584.42     | 0.04%             | 2036-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                       | PURCHASED USD / SOLD CNH                                                                                                                     | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-57994.39    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT                                               | ABU DHABI GOVT INT'L REGD REG S                                                                                                              | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    390000 | PA      | $264420.00    | 0.19%             | 2049-09-30      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                       | U.S. Treasury Bills                                                                                                                          | CUSIP: 912797PE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    170000 | PA      | $169686.06    | 0.12%             | 2025-07-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                     | Bank Gospodarstwa Krajowego                                                                                                                  | CUSIP: 06237MAD5<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |    230000 | PA      | $226577.60    | 0.16%             | 2054-07-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                           | Leviathan Bond Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |     42457 | PA      | $41820.15     | 0.03%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Haidilao International Holding Ltd                           | Haidilao International Holding Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 3003009Q8GV4VNKZWI24 | Long             | EC               | CORP              | KY        |     33000 | NS      | $62916.70     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                                  | NetEase Inc                                                                                                                                  | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     78300 | NS      | $2110135.55   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA, National Association                          | PURCHASED USD / SOLD TWD                                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-5579.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                            | Ghana Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    141968 | PA      | $109790.95    | 0.08%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Xiaomi Corp                                                  | Xiaomi Corp                                                                                                                                  | CUSIP: 000000000<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | HK        |    426800 | NS      | $3285394.01   | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Synnex Technology International Corp                         | Synnex Technology International Corp                                                                                                         | CUSIP: 000000000<br>LEI: 529900GMBJ3R4A2WBC71 | Long             | EC               | CORP              | TW        |     38000 | NS      | $83746.99     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Integrated Telecommunications Co PJSC               | Emirates Integrated Telecommunications Co PJSC                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     24111 | NS      | $65125.83     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | FUTURE CONTRACT ON US 10YR NOTE (CBT)SEP25                                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        12 | NC      | $24093.75     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSNET SOC LTD                                             | Transnet SOC Ltd                                                                                                                             | CUSIP: 89378TAD5<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |    204000 | PA      | $211076.76    | 0.15%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                                | PURCHASED USD / SOLD HUF                                                                                                                     | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | US        |         1 | NC      | $-2100.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                                | PURCHASED THB / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | TH        |         1 | NC      | $16194.29     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Coromandel International Ltd                                 | Coromandel International Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 335800U73K3HJSQKT249 | Long             | EC               | CORP              | IN        |      3047 | NS      | $88730.55     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    119461 | PA      | $61522.42     | 0.04%             | 2034-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| JSW STEEL LTD                                                | JSW Steel Ltd                                                                                                                                | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $192610.00    | 0.14%             | 2027-04-05      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| United Microelectronics Corp                                 | United Microelectronics Corp                                                                                                                 | CUSIP: 000000000<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     55000 | NS      | $82956.27     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Aeronautics Ltd                                    | Hindustan Aeronautics Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 335800AKDC7T933T3I86 | Long             | EC               | CORP              | IN        |      1489 | NS      | $84704.77     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Moneta Money Bank AS                                         | Moneta Money Bank AS                                                                                                                         | CUSIP: 000000000<br>LEI: I6USJ58BDV2BO5KP3C31 | Long             | EC               | CORP              | CZ        |     12455 | NS      | $85904.37     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                            | Ghana Government International Bond                                                                                                          | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    166980 | PA      | $155917.58    | 0.11%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCIEDAD QUIMICA Y MINER                                     | Sociedad Quimica y Minera de Chile SA                                                                                                        | CUSIP: 000000000<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $195250.00    | 0.14%             | 2034-09-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                            | PURCHASED USD / SOLD MYR                                                                                                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-13014.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GREENKO DUTCH BV                                             | Greenko Dutch BV                                                                                                                             | CUSIP: 000000000<br>LEI: 724500PT585P4JPVRP08 | Long             | DBT              | CORP              | NL        |    176000 | PA      | $172568.00    | 0.12%             | 2026-03-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Saudi Aramco Base Oil Co                                     | Saudi Aramco Base Oil Co                                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      3151 | NS      | $85878.07     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                                      | OPAP SA                                                                                                                                      | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |     57509 | NS      | $1304047.46   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Argentina Republic Government International Bonds            | Argentina Republic Government International Bonds                                                                                            | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    198000 | PA      | $156934.80    | 0.11%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd                                     | China Hongqiao Group Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |     84000 | NS      | $193418.64    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Alior Bank SA                                                | Alior Bank SA                                                                                                                                | CUSIP: 000000000<br>LEI: 259400QHDOZWMJ103294 | Long             | EC               | CORP              | PL        |      1016 | NS      | $26711.64     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                       | PURCHASED USD / SOLD PHP                                                                                                                     | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |         1 | NC      | $10575.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                          | Peru Government International Bonds                                                                                                          | CUSIP: 715638DQ2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     45000 | PA      | $24165.00     | 0.02%             | 2060-12-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                        | Sri Lanka Government International Bond                                                                                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    110119 | PA      | $89705.69     | 0.06%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Magnit PJSC                                                  | Magnit PJSC                                                                                                                                  | CUSIP: 000000000<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |      1178 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Coway Co Ltd                                                 | Coway Co Ltd                                                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1185 | NS      | $84678.19     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                            | PURCHASED USD / SOLD IDR                                                                                                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-2341.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sime Darby Bhd                                               | Sime Darby Bhd                                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    160100 | NS      | $62746.16     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HCL Technologies Ltd                                         | HCL Technologies Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |     81394 | NS      | $1641063.91   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| AVI Ltd                                                      | AVI Ltd                                                                                                                                      | CUSIP: 000000000<br>LEI: 378900C2D68805FAAF75 | Long             | EC               | CORP              | ZA        |     76500 | NS      | $406746.88    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd                                | CSPC Pharmaceutical Group Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 529900M3XQCW234H8O91 | Long             | EC               | CORP              | HK        |     80000 | NS      | $78692.90     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Jiangsu Co Ltd                                       | Bank of Jiangsu Co Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 300300C1086832000046 | Long             | EC               | CORP              | CN        |     50900 | NS      | $84918.20     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                     | Saudi Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    262000 | PA      | $161622.56    | 0.12%             | 2061-02-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE                                       | Medco Cypress Tree Pte Ltd                                                                                                                   | CUSIP: 58406VAA7<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | CORP              | SG        |    250000 | PA      | $256062.50    | 0.18%             | 2030-05-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                       | FUTURE CONTRACT ON US ULTRA BOND CBT SEP25                                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        13 | NC      | $48218.74     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                                | HDFC Bank Ltd                                                                                                                                | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      3719 | NS      | $86674.29     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                         | Tencent Holdings Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     95500 | NS      | $6153601.12   | 4.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                                       | Emirates NBD Bank PJSC                                                                                                                       | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |    178679 | NS      | $1109263.52   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA, National Association                          | PURCHASED IDR / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | ID        |         1 | NC      | $272995.27    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                           | Angolan Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    740000 | PA      | $669700.00    | 0.48%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                        | Venezuela Government International Bond                                                                                                      | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    254100 | PA      | $46373.25     | 0.03%             | 2022-08-23      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| Power Finance Corp Ltd                                       | Power Finance Corp Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | EC               | CORP              | IN        |     17311 | NS      | $86366.60     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                        | PURCHASED CNH / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | CN        |         1 | NC      | $1055.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                                 | SK Hynix Inc                                                                                                                                 | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      6509 | NS      | $1402569.81   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                            | Ghana Government International Bond                                                                                                          | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    120120 | PA      | $92894.80     | 0.07%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                                   | Samsung Electronics Co Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      1781 | NS      | $65335.83     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                       | PURCHASED INR / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | IN        |         1 | NC      | $1697.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    152440 | PA      | $93941.15     | 0.07%             | 2029-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                    | PURCHASED PHP / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | PH        |         1 | NC      | $2300.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SENEGAL                                                      | REPUBLIC OF SENEGAL REGD REG S SER 7Y                                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | SN        |    282000 | PA      | $207182.58    | 0.15%             | 2031-06-10      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                          | Braskem Netherlands Finance BV                                                                                                               | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $154000.00    | 0.11%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Muthoot Finance Ltd                                          | Muthoot Finance Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 335800HAMJMBFL4RRF02 | Long             | EC               | CORP              | IN        |      5916 | NS      | $181374.14    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| China Pacific Insurance Group Co Ltd                         | China Pacific Insurance Group Co Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 529900BA5ILEL308WX03 | Long             | EC               | CORP              | CN        |      6200 | NS      | $32509.81     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                                             | Lenovo Group Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |    245000 | PA      | $228095.00    | 0.16%             | 2030-11-02      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                                     | Lima Metro Line 2 Finance Ltd                                                                                                                | CUSIP: 532522AB5<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |    274444 | PA      | $258045.56    | 0.18%             | 2036-04-05      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NMDC Ltd                                                     | NMDC Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: 335800IXHXOHQ7B2HP66 | Long             | EC               | CORP              | IN        |    104792 | NS      | $85584.44     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashok Leyland Ltd                                            | Ashok Leyland Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 3358001BZKWERVWYCK35 | Long             | EC               | CORP              | IN        |     29621 | NS      | $86219.50     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                            | Lebanon Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    481000 | PA      | $90909.00     | 0.06%             | 2027-03-23      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                            | Vedanta Resources Finance II PLC                                                                                                             | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207255.78    | 0.15%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| IVORY COAST                                                  | Ivory Coast Government International Bond                                                                                                    | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $181876.00    | 0.13%             | 2033-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                                     | Volcan Cia Minera SAA                                                                                                                        | CUSIP: 92863UAC0<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |    132000 | PA      | $130762.50    | 0.09%             | 2030-01-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Orient Overseas International Ltd                            | Orient Overseas International Ltd                                                                                                            | CUSIP: 000000000<br>LEI: 529900DQ426GJO276W95 | Long             | EC               | CORP              | BM        |      5000 | NS      | $85094.69     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                       | Turkiye Government International Bonds                                                                                                       | CUSIP: 900123DC1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    755000 | PA      | $718382.50    | 0.51%             | 2031-06-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Accton Technology Corp                                       | Accton Technology Corp                                                                                                                       | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     12000 | NS      | $299925.13    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                    | Taiwan Semiconductor Manufacturing Co Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    218200 | NS      | $7979433.06   | 5.70%             |  |  |  | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                                       | Pertamina Persero PT                                                                                                                         | CUSIP: 69370RAL1<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $173750.00    | 0.12%             | 2031-02-09      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                            | Corp. Nacional del Cobre de Chile                                                                                                            | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $203750.00    | 0.15%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Hisense Home Appliances Group Co Ltd                         | Hisense Home Appliances Group Co Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 529900PRGESPUBUBN103 | Long             | EC               | CORP              | CN        |     17000 | NS      | $46439.98     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ningbo Co Ltd                                        | Bank of Ningbo Co Ltd                                                                                                                        | CUSIP: 000000000<br>LEI: 300300C1092133000091 | Long             | EC               | CORP              | CN        |      3700 | NS      | $14146.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                            | Ghana Government International Bond                                                                                                          | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     37180 | PA      | $30914.87     | 0.02%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                          | Ecuador Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    310698 | PA      | $225722.10    | 0.16%             | 2035-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                         | Colombian TES                                                                                                                                | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 341600000 | PA      | $53900.09     | 0.04%             | 2036-07-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                       | Egypt Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    353000 | PA      | $312934.50    | 0.22%             | 2033-09-30      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     18749 | PA      | $8966.52      | 0.01%             | 2030-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Catcher Technology Co Ltd                                    | Catcher Technology Co Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 5299006PRSCU66N5JF55 | Long             | EC               | CORP              | TW        |     12000 | NS      | $87135.30     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                       | FUTURE CONTRACT ON US 10YR ULTRA FUT SEP25                                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        10 | NC      | $19531.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Metals & Energy Ltd                                   | Lloyds Metals & Energy Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 335800T4YOINEGMM8W27 | Long             | EC               | CORP              | IN        |      1084 | NS      | $20042.59     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Bank Co Ltd                                          | Ping An Bank Co Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 549300W9MKNIVWXFM679 | Long             | EC               | CORP              | CN        |     50800 | NS      | $85681.78     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                 | Ecopetrol SA                                                                                                                                 | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    716000 | PA      | $756368.08    | 0.54%             | 2029-01-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Banco de Chile                                               | Banco de Chile                                                                                                                               | CUSIP: 000000000<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |    571283 | NS      | $86401.48     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MELCO RESORTS FINANCE                                        | Melco Resorts Finance Ltd                                                                                                                    | CUSIP: 58547DAE9<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $195676.00    | 0.14%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                       | FUTURE CONTRACT ON US 2YR NOTE (CBT) SEP25                                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        16 | NC      | $11523.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SCB X PCL                                                    | SCB X PCL                                                                                                                                    | CUSIP: 000000000<br>LEI: 254900TG41KIWX7VDO42 | Long             | EC               | CORP              | TH        |     23300 | NS      | $84215.79     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Petroleum Corp Ltd                                 | Hindustan Petroleum Corp Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 335800DWLXIP7HFFY564 | Long             | EC               | CORP              | IN        |     17919 | NS      | $91393.22     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                     | Petroleos de Venezuela SA                                                                                                                    | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |    128444 | PA      | $16787.86     | 0.01%             | 2025-03-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Bank of Changsha Co Ltd                                      | Bank of Changsha Co Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 300300C1086243000041 | Long             | EC               | CORP              | CN        |     60700 | NS      | $84316.59     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                          | PURCHASED ZAR / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | ZA        |         1 | NC      | $14759.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                        | Sri Lanka Government International Bond                                                                                                      | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     55036 | PA      | $44716.75     | 0.03%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                          | Petroleos Mexicanos                                                                                                                          | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1091000 | PA      | $1067968.99   | 0.76%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BB Seguridade Participacoes SA                               | BB Seguridade Participacoes SA                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    256500 | NS      | $1690140.07   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMANIA REGD                                                 | ROMANIA REGD REG S                                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | RO        |    280000 | PA      | $290606.40    | 0.21%             | 2037-02-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                       | Dominican Republic International Bonds                                                                                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    405000 | PA      | $373612.50    | 0.27%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                        | Emaar Properties PJSC                                                                                                                        | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    534996 | NS      | $1984643.16   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                          | Nigeria Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    787000 | PA      | $749129.56    | 0.54%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                                     | AES Panama Generation Holdings SRL                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    188168 | PA      | $171232.53    | 0.12%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                        | PURCHASED USD / SOLD PEN                                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-1729.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Banco del Bajio SA                                           | Banco del Bajio SA                                                                                                                           | CUSIP: 000000000<br>LEI: 4469000001BD95FFLY16 | Long             | EC               | CORP              | MX        |     35700 | NS      | $86184.55     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Baroda                                               | Bank of Baroda                                                                                                                               | CUSIP: 000000000<br>LEI: 549300CQ6M9Q0TJEZR23 | Long             | EC               | CORP              | IN        |    288387 | NS      | $836801.90    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST                                                  | Ivory Coast Government International Bond                                                                                                    | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     55421 | PA      | $52674.51     | 0.04%             | 2032-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    282032 | PA      | $132158.45    | 0.09%             | 2035-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Industrial Bank of Korea                                     | Industrial Bank of Korea                                                                                                                     | CUSIP: 000000000<br>LEI: 988400RBIWE3YA18PK12 | Long             | EC               | CORP              | KR        |      6384 | NS      | $86222.50     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheil Worldwide Inc                                          | Cheil Worldwide Inc                                                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      5639 | NS      | $83629.12     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                                  | Abu Dhabi Islamic Bank PJSC                                                                                                                  | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |    107599 | NS      | $629968.00    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                         | Paraguay Government International Bond                                                                                                       | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    249000 | PA      | $213019.50    | 0.15%             | 2050-03-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Solar Industries India Ltd                                   | Solar Industries India Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 3358002ANWRT2YJ79L60 | Long             | EC               | CORP              | IN        |       425 | NS      | $87224.18     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                            | Lebanon Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    216000 | PA      | $40824.00     | 0.03%             | 2022-10-04      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Bosideng International Holdings Ltd                          | Bosideng International Holdings Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 254900G7F1RDM4B3S169 | Long             | EC               | CORP              | KY        |   1698000 | NS      | $1006351.09   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                       | U.S. Treasury Bonds                                                                                                                          | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120000 | PA      | $114557.81    | 0.08%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ING Bank Slaski SA                                           | ING Bank Slaski SA                                                                                                                           | CUSIP: 000000000<br>LEI: 259400YLRTOBISHBVX41 | Long             | EC               | CORP              | PL        |      1016 | NS      | $87985.96     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                          | PURCHASED HUF / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | HU        |         1 | NC      | $50185.22     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    219917 | PA      | $109133.81    | 0.08%             | 2036-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                          | Ecuador Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    479347 | PA      | $348245.60    | 0.25%             | 2035-07-31      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                              | Israel Government International Bond                                                                                                         | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    250000 | PA      | $255322.07    | 0.18%             | 2030-02-14      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                                       | Oman Government International Bond                                                                                                           | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    200000 | PA      | $226120.00    | 0.16%             | 2032-10-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Coal India Ltd                                               | Coal India Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: 335800NLJQZNHM9LBB31 | Long             | EC               | CORP              | IN        |     18540 | NS      | $84769.69     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Cummins India Ltd                                            | Cummins India Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 3358002PR6NKJRU4YS77 | Long             | EC               | CORP              | IN        |      2198 | NS      | $87163.73     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN                                     | Empresas Publicas de Medellin ESP                                                                                                            | CUSIP: 29246BAD0<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        | 418000000 | PA      | $93110.58     | 0.07%             | 2027-11-08      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MediaTek Inc                                                 | MediaTek Inc                                                                                                                                 | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     56200 | NS      | $2408094.83   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| TVS Motor Co Ltd                                             | TVS Motor Co Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EC               | CORP              | IN        |      1359 | NS      | $46244.18     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                        | PURCHASED BRL / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | BR        |         1 | NC      | $29381.78     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                          | Turkiye Government International Bond                                                                                                        | CUSIP: 900123DQ0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $200800.00    | 0.14%             | 2032-05-29      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                          | PURCHASED USD / SOLD COP                                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-63041.58    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc                | International Container Terminal Services Inc                                                                                                | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |     14960 | NS      | $109063.71    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                                     | Republic of South Africa Government International Bond                                                                                       | CUSIP: 836205AZ7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    220000 | PA      | $178200.00    | 0.13%             | 2048-06-22      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                               | PURCHASED PHP / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | PH        |         1 | NC      | $24375.37     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Insurance Co Group of China Ltd/The                 | People's Insurance Co Group of China Ltd/The                                                                                                 | CUSIP: 000000000<br>LEI: 3003000P2JHYHQ524P66 | Long             | EC               | CORP              | CN        |    235000 | NS      | $179375.65    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Financial Services Software Ltd                       | Oracle Financial Services Software Ltd                                                                                                       | CUSIP: 000000000<br>LEI: 3358008SYNPKSPNMTJ57 | Long             | EC               | CORP              | IN        |       796 | NS      | $83369.12     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LIMAK YENILENEBILIR                                          | Limak Yenilenebilir Enerji AS                                                                                                                | CUSIP: 53263MAA0<br>LEI: 789000WFO2FHRONHFN18 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $197562.00    | 0.14%             | 2030-08-12      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                        | PURCHASED USD / SOLD KRW                                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-10278.02    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                          | Petroleos Mexicanos                                                                                                                          | CUSIP: 71654QBE1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     81000 | PA      | $54189.00     | 0.04%             | 2044-06-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                     | Comision Federal de Electricidad                                                                                                             | CUSIP: 000000000<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    199200 | PA      | $177260.11    | 0.13%             | 2036-09-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NAVER Corp                                                   | NAVER Corp                                                                                                                                   | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |      8925 | NS      | $1733101.10   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                            | PURCHASED KRW / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | KR        |         1 | NC      | $2595.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eva Airways Corp                                             | Eva Airways Corp                                                                                                                             | CUSIP: 000000000<br>LEI: 254900S1P4XOXV67GC07 | Long             | EC               | CORP              | TW        |     64000 | NS      | $87356.02     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                       | Egypt Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    400000 | PA      | $402876.00    | 0.29%             | 2029-03-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                        | Panama Government International Bonds                                                                                                        | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    370000 | PA      | $210900.00    | 0.15%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                        | PURCHASED USD / SOLD CZK                                                                                                                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-52638.63    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                                | PURCHASED USD / SOLD PLN                                                                                                                     | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | US        |         1 | NC      | $-11477.89    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CANACOL ENERGY LTD                                           | Canacol Energy Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 549300X5MNRWPMSM9N14 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $69786.00     | 0.05%             | 2028-11-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| InterGlobe Aviation Ltd                                      | InterGlobe Aviation Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |       448 | NS      | $31169.54     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Co                                           | Jarir Marketing Co                                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     24844 | NS      | $83051.52     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                          | Petroleos Mexicanos                                                                                                                          | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    175000 | PA      | $180876.50    | 0.13%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd                                        | Elite Material Co Ltd                                                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      3000 | NS      | $90716.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                         | Petronas Capital Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    322000 | PA      | $209992.30    | 0.15%             | 2061-04-28      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| New China Life Insurance Co Ltd                              | New China Life Insurance Co Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 300300F2001111000095 | Long             | EC               | CORP              | CN        |     20800 | NS      | $170182.64    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                                | Credicorp Ltd                                                                                                                                | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |        39 | NS      | $8717.28      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd          | HD Korea Shipbuilding & Offshore Engineering Co Ltd                                                                                          | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |        28 | NS      | $7561.15      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA, National Association                          | PURCHASED USD / SOLD IDR                                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-71314.18    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Geely Automobile Holdings Ltd                                | Geely Automobile Holdings Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | KY        |     39000 | NS      | $79606.96     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp                                    | Korea Electric Power Corp                                                                                                                    | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |      3381 | NS      | $97701.49     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Chile                                        | Banco Santander Chile                                                                                                                        | CUSIP: 000000000<br>LEI: 3YJP8HORPAEXJ80D6368 | Long             | EC               | CORP              | CL        |   1411174 | NS      | $88627.71     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Yutong Bus Co Ltd                                            | Yutong Bus Co Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 300300OMPRVW0Q75F037 | Long             | EC               | CORP              | CN        |    453099 | NS      | $1574113.37   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                      | El Salvador Government International Bond                                                                                                    | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    456000 | PA      | $475551.00    | 0.34%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Yankuang Energy Group Co Ltd                                 | Yankuang Energy Group Co Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 3003005N7A6HYZ4Z0K39 | Long             | EC               | CORP              | CN        |      8000 | NS      | $7963.01      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ABU DHABI CRUDE OIL                                          | Abu Dhabi Crude Oil Pipeline LLC                                                                                                             | CUSIP: 000000000<br>LEI: 549300DONDFW2383FV66 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $178750.00    | 0.13%             | 2047-11-02      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Canara Bank                                                  | Canara Bank                                                                                                                                  | CUSIP: 000000000<br>LEI: 335800E4RH82Z8XC3C30 | Long             | EC               | CORP              | IN        |     65198 | NS      | $86686.87     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Bank of India Ltd                                      | Union Bank of India Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 5493000P4HD6132SQ711 | Long             | EC               | CORP              | IN        |     50933 | NS      | $91182.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                             | PURCHASED HUF / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | HU        |         1 | NC      | $28134.65     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                             | MercadoLibre Inc                                                                                                                             | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       664 | NS      | $1735450.32   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd                               | COSCO SHIPPING Holdings Co Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 3003009XI0QGYYA29S17 | Long             | EC               | CORP              | CN        |     37500 | NS      | $78848.44     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                       | Dominican Republic International Bonds                                                                                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    219000 | PA      | $216700.50    | 0.15%             | 2033-02-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds      | Republic of South Africa Government International Bonds                                                                                      | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    370000 | PA      | $361051.55    | 0.26%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                              | CPFL Energia SA                                                                                                                              | CUSIP: 000000000<br>LEI: 529900GBWSBDXN8GGM28 | Long             | EC               | CORP              | BR        |     11600 | NS      | $87238.59     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Polyus PJSC                                                  | Polyus PJSC                                                                                                                                  | CUSIP: 73181M117<br>LEI: 549300FUXVT7TF6ZKV71 | Long             | EC               | CORP              | RU        |       284 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                                         | Bank Leumi Le-Israel BM                                                                                                                      | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $204895.50    | 0.15%             | 2033-07-18      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                       | PURCHASED COP / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | CO        |         1 | NC      | $-16072.80    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Salik Co PJSC                                                | Salik Co PJSC                                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     19812 | NS      | $32631.91     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Old Mutual Ltd                                               | Old Mutual Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: 213800MON84ZWWPQCN47 | Long             | EC               | CORP              | ZA        |     50912 | NS      | $34710.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazil Government International Bonds                        | Brazil Government International Bonds                                                                                                        | CUSIP: 105756CJ7<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $191100.00    | 0.14%             | 2054-05-13      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                                    | Alibaba Group Holding Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    220000 | NS      | $3114308.90   | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                      | PURCHASED USD / SOLD PHP                                                                                                                     | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |         1 | NC      | $4897.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                         | Stillwater Mining Co                                                                                                                         | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194343.76    | 0.14%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gree Electric Appliances Inc of Zhuhai                       | Gree Electric Appliances Inc of Zhuhai                                                                                                       | CUSIP: 000000000<br>LEI: 655600UY069MU9JRAN62 | Long             | EC               | CORP              | CN        |    271800 | NS      | $1706369.68   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Arabian Internet & Communications Services Co                | Arabian Internet & Communications Services Co                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      1011 | NS      | $71794.24     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Polycab India Ltd                                            | Polycab India Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 335800ZAL1L11ERZVW68 | Long             | EC               | CORP              | IN        |       379 | NS      | $28932.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                                       | Engie Energia Chile SA                                                                                                                       | CUSIP: 29287TAB5<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $206200.00    | 0.15%             | 2034-04-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TURK IHRACAT KR BK                                           | Turkiye Ihracat Kredi Bankasi AS                                                                                                             | CUSIP: 90015LAH0<br>LEI: 789000JVRVYLAXGDWR11 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $208876.00    | 0.15%             | 2027-01-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Astra International Tbk PT                                   | Astra International Tbk PT                                                                                                                   | CUSIP: 000000000<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |    290600 | NS      | $80587.65     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                      | Romanian Government International Bond                                                                                                       | CUSIP: 77586RAT7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     60000 | PA      | $60294.82     | 0.04%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                       | U.S. Treasury Bills                                                                                                                          | CUSIP: 912797PU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    170000 | PA      | $169980.28    | 0.12%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco Nacional de Panama                                     | Banco Nacional de Panama                                                                                                                     | CUSIP: 000000000<br>LEI: 529900H2Q7WMDKKIW109 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $166800.00    | 0.12%             | 2030-08-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WAAREE Energies Ltd                                          | WAAREE Energies Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 335800TCF9YCJG3VRZ10 | Long             | EC               | CORP              | IN        |       946 | NS      | $34648.90     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Bank                                                  | Indian Bank                                                                                                                                  | CUSIP: 000000000<br>LEI: 5493008JR8FCVQ6FJL94 | Long             | EC               | CORP              | IN        |     11970 | NS      | $89841.39     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Etihad Etisalat Co                                           | Etihad Etisalat Co                                                                                                                           | CUSIP: 000000000<br>LEI: 2549007BA9ABDE3HVK79 | Long             | EC               | CORP              | SA        |     19359 | NS      | $306089.51    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SinoPac Financial Holdings Co Ltd                            | SinoPac Financial Holdings Co Ltd                                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |       229 | NS      | $189.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                       | PURCHASED USD / SOLD PLN                                                                                                                     | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $-85431.16    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV               | Grupo Aeroportuario del Centro Norte SAB de CV                                                                                               | CUSIP: 000000000<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      6600 | NS      | $86806.47     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     96075 | PA      | $48806.10     | 0.03%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY REGD                                                 | HUNGARY REGD REG S                                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | HU        |    400000 | PA      | $407092.00    | 0.29%             | 2052-09-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| China Feihe Ltd                                              | China Feihe Ltd                                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    116384 | NS      | $84895.42     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CODELCO INC                                                  | Corp Nacional del Cobre de Chile                                                                                                             | CUSIP: 21987BBG2<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    318000 | PA      | $323962.50    | 0.23%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                          | PURCHASED USD / SOLD CLP                                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-13265.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA, National Association                          | PURCHASED PEN / SOLD USD                                                                                                                     | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | PE        |         1 | NC      | $1469.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                          | PURCHASED USD / SOLD IDR                                                                                                                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $-2099.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Aerospace Co Ltd                                      | Hanwha Aerospace Co Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |        73 | NS      | $45809.49     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CAIXA ECONOMICA FEDERAL                                      | Caixa Economica Federal                                                                                                                      | CUSIP: 12803Y2A6<br>LEI: 254900EX2KZ57WQ1PL07 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $200000.00    | 0.14%             | 2030-05-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| China Everbright Bank Co Ltd                                 | China Everbright Bank Co Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 549300U6PKQ4H1P34E17 | Long             | EC               | CORP              | CN        |    211500 | NS      | $122663.79    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     62476 | PA      | $31003.72     | 0.02%             | 2036-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Co Ltd                                   | Harmony Gold Mining Co Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |      3441 | NS      | $47877.90     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                                     | Bank Gospodarstwa Krajowego                                                                                                                  | CUSIP: 06237MAA1<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |    200000 | PA      | $201048.00    | 0.14%             | 2033-05-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                  | Long: IS2Z5K6   IRS R03.13PSOFR 09/13/29 MSNYUS33XXX FIXED / Short: IS2Z5K6   IRS PSOFRR03.13 09/13/29 MSNYUS33XXX FLOAT                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   1910000 | OU      | $-42149.76    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Novatek Microelectronics Corp                                | Novatek Microelectronics Corp                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      5000 | NS      | $93254.41     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                          | Nigeria Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    207000 | PA      | $208293.75    | 0.15%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MERSIN ULUSLARARASI LIMA                                     | Mersin Uluslararasi Liman Isletmeciligi AS                                                                                                   | CUSIP: 590454AC8<br>LEI: 635400DAFN6NT43HM530 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $207750.00    | 0.15%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                             | Ambipar Lux Sarl                                                                                                                             | CUSIP: 02319WAB7<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $189883.13    | 0.14%             | 2033-02-05      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| KT&G Corp                                                    | KT&G Corp                                                                                                                                    | CUSIP: 000000000<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |       502 | NS      | $47382.03     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                           | Ukraine Government International Bond                                                                                                        | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     46661 | PA      | $23703.79     | 0.02%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                                 | AES Andes SA                                                                                                                                 | CUSIP: 00111VAA5<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $204691.00    | 0.15%             | 2029-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                          | Petroleos Mexicanos                                                                                                                          | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    300000 | PA      | $210714.00    | 0.15%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** AB CAP FUND, INC.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller