# EDGAR Filing Document

**Accession Number:** 0001504545
**File Stem:** 0001752724-23-069589
**Filing Date:** 2023-3
**Character Count:** 130042
**Document Hash:** cccd0984eaf99d2510f85759fac5c175
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-069589.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-069589

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BrandywineGLOBAL-Global Income Opportunities Fund Inc
- **CENTRAL INDEX KEY:** 0001504545
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22491
- **FILM NUMBER:** 23767816

**BUSINESS ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** (888) 777-0102

**MAIL ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Legg Mason BW Global Income Opportunities Fund Inc.
- **DATE OF NAME CHANGE:** 20101028

## Nport-Ex

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited)** | **January 31, 2023** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** |  | **MATURITY<br>DATE** | **FACE<br>AMOUNT†** |  | **VALUE** |  |
| **CORPORATE BONDS & NOTES - 71.3%** |  |  |  |  |  |  |  |
| **COMMUNICATION SERVICES - 6.2%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Telecommunication Services - 2.5%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altice France Holding SA, Senior Notes | 6.000 | % | 2/15/28 | 1515000 |  | $1024036 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altice France SA, Senior Secured Notes | 3.375 | % | 1/15/28 | 1190000 | <sup>EUR</sup> | 1018759 | <sup>(a)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Communications Inc., Senior Secured Notes | 5.000 | % | 10/1/28 | 890000 |  | 668779 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hughes Satellite Systems Corp., Senior Notes | 6.625 | % | 8/1/26 | 200000 |  | 193693 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing Inc., Senior Notes | 4.625 | % | 9/15/27 | 1300000 |  | 1103554 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Diversified Telecommunication Services* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Diversified Telecommunication Services* |  |  |  |  | *4008821* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Interactive Media & Services - 1.9%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ANGI Group LLC, Senior Notes | 3.875 | % | 8/15/28 | 2200000 |  | 1689952 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Match Group Holdings II LLC, Senior Notes | 4.625 | % | 6/1/28 | 1000000 |  | 920890 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rackspace Technology Global Inc., Senior Secured Notes | 3.500 | % | 2/15/28 | 555000 |  | 334576 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Interactive Media & Services* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Interactive Media & Services* |  |  |  |  | *2945418* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media - 0.6%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombia Telecomunicaciones SA ESP, Senior Notes | 4.950 | % | 7/17/30 | 775000 |  | 677323 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liberty Interactive LLC, Senior Notes | 8.250 | % | 2/1/30 | 725000 |  | 346148 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Media* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Media* |  |  |  |  | *1023471* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Wireless Telecommunication Services - 1.2%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States Cellular Corp., Senior Notes | 6.700 | % | 12/15/33 | 2000000 |  | *1862610* | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMUNICATION SERVICES** |  |  |  |  |  | 9840320 |  |
| **CONSUMER DISCRETIONARY - 6.8%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobiles - 0.9%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nissan Motor Co. Ltd., Senior Notes | 4.345 | % | 9/17/27 | 1500000 |  | *1413244* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Restaurants & Leisure - 3.2%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carrols Restaurant Group Inc., Senior Notes | 5.875 | % | 7/1/29 | 605000 |  | 465577 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GPS Hospitality Holding Co. LLC/GPS Finco Inc., Senior Secured Notes | 7.000 | % | 8/15/28 | 1225000 |  | 761160 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marriott Ownership Resorts Inc., Senior Notes | 4.500 | % | 6/15/29 | 580000 |  | 505664 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority, Secured Notes | 8.000 | % | 2/1/26 | 1450000 |  | 1379378 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Travel + Leisure Co., Senior Secured Notes | 6.000 | % | 4/1/27 | 1475000 |  | 1448988 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Viking Cruises Ltd., Senior Notes | 6.250 | % | 5/15/25 | 645000 |  | 589699 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Hotels, Restaurants & Leisure* |  |  |  |  |  | *5150466* | |

---

**See Notes to Schedule of Investments.** 

BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report 1

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT†** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Household Durables - 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KB Home, Senior Notes | 4.000% | 6/15/31 | 565000 | $*471785* | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure Products - 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vista Outdoor Inc., Senior Notes | 4.500% | 3/15/29 | 730000 | *592220* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Specialty Retail - 2.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bath & Body Works Inc., Senior Notes | 6.625% | 10/1/30 | 370000 | 362045 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gap Inc., Senior Notes | 3.875% | 10/1/31 | 1395000 | 1040771 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Axo SAPI de CV, Senior Notes | 5.750% | 6/8/26 | 690000 | 610572 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Senior Secured Notes | 5.250% | 5/1/28 | 1400000 | 1169266 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Specialty Retail* |  |  |  | *3182654* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CONSUMER DISCRETIONARY** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10810369 |  |
| **CONSUMER STAPLES - 2.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food Products - 0.9%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minerva Luxembourg SA, Senior Notes | 4.375% | 3/18/31 | 630000 | 534504 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Simmons Foods Inc./Simmons Prepared Foods Inc./Simmons Pet Food Inc./ Simmons Feed Ingredients Inc., Secured Notes | 4.625% | 3/1/29 | 1115000 | 946847 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Food Products* |  |  |  | *1481351* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal Products - 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edgewell Personal Care Co., Senior Notes | 5.500% | 6/1/28 | 475000 | *450383* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Tobacco - 0.8%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turning Point Brands Inc., Senior Secured Notes | 5.625% | 2/15/26 | 1480000 | *1346164* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CONSUMER STAPLES** |  |  |  | 3277898 |  |
| **ENERGY - 15.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels - 14.3%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITGO Petroleum Corp., Senior Secured Notes | 6.375% | 6/15/26 | 1425000 | 1398053 | <sup>(a)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CNX Resources Corp., Senior Notes | 6.000% | 1/15/29 | 1310000 | 1204593 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energean Israel Finance Ltd., Senior Secured Notes | 5.875% | 3/30/31 | 1710000 | 1549687 | <sup>(c)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Geopark Ltd., Senior Notes | 5.500% | 1/17/27 | 1620000 | 1439927 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating LLC/ Magnolia Oil & Gas Finance Corp., Senior Notes | 6.000% | 8/1/26 | 2315000 | 2242101 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marathon Oil Corp., Senior Notes | 6.600% | 10/1/37 | 2445000 | 2591563 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Fortress Energy Inc., Senior Secured Notes | 6.750% | 9/15/25 | 445000 | 426395 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Fortress Energy Inc., Senior Secured Notes | 6.500% | 9/30/26 | 2500000 | 2303800 | <sup>(a)(b)</sup> |

---

**See Notes to Schedule of Investments.** 

2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT†** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels - continued** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos Mexicanos, Senior Notes | 5.350% | 2/12/28 | 3730000 | $3256901 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SierraCol Energy Andina LLC, Senior Notes | 6.000% | 6/15/28 | 1420000 | 1173352 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Talos Production Inc., Secured Notes | 12.000% | 1/15/26 | 1375000 | 1459260 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Teine Energy Ltd., Senior Notes | 6.875% | 4/15/29 | 4000000 | 3740220 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Oil, Gas & Consumable Fuels* |  |  |  | *22785852* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Water Utilities - 1.2%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Solaris Midstream Holdings LLC, Senior Notes | 7.625% | 4/1/26 | 2000000 | *2002400* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL ENERGY** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24788252 |  |
| **FINANCIALS - 19.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banks - 5.9%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp., Subordinated Notes | 7.750% | 5/14/38 | 6345000 | 7909557 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NatWest Group PLC, Junior Subordinated Notes (4.600% to 12/28/31 then 5 year Treasury Constant Maturity Rate + 3.100%) | 4.600% | 6/28/31 | 700000 | 538125 | <sup>(b)(d)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Capital Bancshares Inc., Subordinated Notes (4.000% to 5/6/26 then 5 year Treasury Constant Maturity Rate + 3.150%) | 4.000% | 5/6/31 | 1000000 | 910906 | <sup>(b)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Banks* |  |  |  | *9358588* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Capital Markets - 7.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Subordinated Notes | 6.750% | 10/1/37 | 7000000 | 7851397 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owl Rock Capital Corp., Senior Notes | 4.000% | 3/30/25 | 1085000 | 1041140 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owl Rock Technology Finance Corp., Senior Notes | 4.750% | 12/15/25 | 3385000 | 3111551 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Capital Markets* |  |  |  | *12004088* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Finance - 4.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Secured Lending Fund, Senior Notes | 3.625% | 1/15/26 | 1745000 | 1627982 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Acceptance Corp., Senior Notes | 6.625% | 3/15/26 | 1920000 | 1759142 | <sup>(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; World Acceptance Corp., Senior Notes | 7.000% | 11/1/26 | 3800000 | 2940573 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Consumer Finance* |  |  |  | *6327697* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Thrifts & Mortgage Finance - 1.6%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Corp., Senior Notes | 7.625% | 5/1/26 | 3000000 | *2642689* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL FINANCIALS** |  |  |  | 30333062 |  |

---

**See Notes to Schedule of Investments.** 

BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report 3

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT†** | **VALUE** |  |
| **HEALTH CARE - 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care Providers & Services - 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ModivCare Escrow Issuer Inc., Senior Notes | 5.000% | 10/1/29 | 345000 | $299457 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Select Medical Corp., Senior Notes | 6.250% | 8/15/26 | 560000 | 547643 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL HEALTH CARE** |  |  |  | 847100 |  |
| **INDUSTRIALS - 8.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace & Defense - 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm Inc., Senior Secured Notes | 6.250% | 3/15/26 | 1190000 | *1190925* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Airlines - 3.9%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust | 5.250% | 4/1/29 | 169931 | 163152 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegiant Travel Co., Senior Secured Notes | 7.250% | 8/15/27 | 2000000 | 1957865 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes | 4.750% | 10/20/28 | 3280000 | 3197646 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gol Finance SA, Senior Secured Notes | 8.000% | 6/30/26 | 1390000 | 968100 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Airlines* |  |  |  | *6286763* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Products - 1.1%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Industries Inc., Senior Notes | 4.375% | 7/15/30 | 2000000 | *1711942* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Services & Supplies - 1.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deluxe Corp., Senior Notes | 8.000% | 6/1/29 | 565000 | 484587 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harsco Corp., Senior Notes | 5.750% | 7/31/27 | 1375000 | 1165381 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Commercial Services & Supplies* |  |  |  | *1649968* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction & Engineering - 0.2%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Par, Senior Secured Notes | 4.050% | 4/27/26 | 300000 | *273319* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Marine - 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navios South American Logistics Inc./ Navios Logistics Finance U.S. Inc., Senior Secured Notes | 10.750% | 7/1/25 | 1140000 | *1125739* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Road & Rail - 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies Inc., Senior Notes | 6.250% | 1/15/28 | 590000 | *578016* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INDUSTRIALS** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12816672 |  |
| **INFORMATION TECHNOLOGY - 5.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communications Equipment - 3.9%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CommScope Inc., Senior Notes | 8.250% | 3/1/27 | 1350000 | 1150180 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CommScope Inc., Senior Notes | 7.125% | 7/1/28 | 495000 | 388400 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CommScope Inc., Senior Secured Notes | 6.000% | 3/1/26 | 1370000 | 1313385 | <sup>(a)(b)</sup> |

---

**See Notes to Schedule of Investments.** 

4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** |  | **MATURITY<br>DATE** | **FACE<br>AMOUNT†** | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communications Equipment - continued** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect US |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finco LLC, Senior Secured Notes | 6.750 | % | 10/1/26 | 2200000 | $2106456 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Viasat Inc., Senior Secured Notes | 5.625 | % | 4/15/27 | 1300000 | 1214180 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Communications Equipment* |  |  |  |  | *6172601* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semiconductors & Semiconductor Equipment - 0.7%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semiconductors & Semiconductor Equipment - 0.7%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entegris Inc., Senior Notes | 4.375 | % | 4/15/28 | 750000 | 679500 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entegris Inc., Senior Notes | 3.625 | % | 5/1/29 | 330000 | 281778 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synaptics Inc., Senior Notes | 4.000 | % | 6/15/29 | 285000 | 247152 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Semiconductors & Semiconductor Equipment* |  |  |  | *1208430* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 0.9%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elastic NV, Senior Notes | 4.125 | % | 7/15/29 | 335000 | 287128 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MicroStrategy Inc., Senior Secured Notes | 6.125 | % | 6/15/28 | 1410000 | 1191766 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Software* |  |  |  |  | *1478894* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INFORMATION TECHNOLOGY** |  |  |  |  | 8859925 |  |
| **MATERIALS - 5.6%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals - 0.7%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Braskem Idesa SAPI, Senior Secured Notes | 7.450 | % | 11/15/29 | 1340000 | *1107587* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining - 4.9%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alcoa Nederland Holding BV, Senior Notes | 4.125 | % | 3/31/29 | 1645000 | 1525622 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arconic Corp., Secured Notes | 6.125 | % | 2/15/28 | 555000 | 533962 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | 6.875 | % | 10/15/27 | 2920000 | 2834386 | <sup>(a)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Gold Inc., Senior Notes | 7.500 | % | 7/15/27 | 100000 | 92944 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taseko Mines Ltd., Senior Secured Notes | 7.000 | % | 2/15/26 | 3000000 | 2846835 | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Metals & Mining* |  |  |  |  | *7833749* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MATERIALS** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8941336 |  |
| **REAL ESTATE - 0.8%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Equity Real Estate Investment Trusts (REITs) - 0.5%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Equity Real Estate Investment Trusts (REITs) - 0.5%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XHR LP, Senior Secured Notes | 4.875 | % | 6/1/29 | 850000 | *755387* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Management & Development - 0.3%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Management & Development - 0.3%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realogy Group LLC/Realogy Co-Issuer Corp., Senior Notes | 5.750 | % | 1/15/29 | 575000 | *447735* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL REAL ESTATE** |  |  |  |  | 1203122 |  |
| **UTILITIES - 1.4%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities - 0.6%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AES Panama Generation Holdings SRL, Senior Secured Notes | 4.375 | % | 5/31/30 | 1195000 | *1061387* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gas Utilities - 0.4%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AmeriGas Partners LP/AmeriGas Finance Corp., Senior Notes | 5.875 | % | 8/20/26 | 625000 | *605397* | <sup>(b)</sup> |

---

**See Notes to Schedule of Investments.** 

BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report 5

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT†** |  | **VALUE** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Independent Power and Renewable Electricity Producers - 0.4%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Independent Power and Renewable Electricity Producers - 0.4%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Independent Power and Renewable Electricity Producers - 0.4%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AES Corp., Senior Notes | 3.300% | 7/15/25 | 685000 |  | $*654080* | <sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL UTILITIES** |  |  |  |  | 2320864 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS & NOTES**<br> (Cost - $120,559,061) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114038920 |  |
| **SOVEREIGN BONDS - 69.7%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Brazil - 13.8%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil Notas do Tesouro Nacional Serie F, Notes | 10.000% | 1/1/27 | 55800000 | <sup>BRL</sup> | 10102916 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil Notas do Tesouro Nacional Serie F, Notes | 10.000% | 1/1/31 | 70715000 | <sup>BRL</sup> | 11954696 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Brazil* |  |  |  |  | *22057612* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Colombia - 12.4%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombian TES, Bonds | 7.000% | 3/26/31 | 43770000000 | <sup>COP</sup> | 6968759 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombian TES, Bonds | 7.250% | 10/26/50 | 98120000000 | <sup>COP</sup> | 12848482 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Colombia* |  |  |  |  | *19817241* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **India - 10.7%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India Government Bond, Senior Notes | 8.170% | 12/1/44 | 1300000000 | <sup>INR</sup> | *17045965* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Indonesia - 10.3%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia Treasury Bond | 9.000% | 3/15/29 | 79300000000 | <sup>IDR</sup> | 5953372 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia Treasury Bond | 8.375% | 3/15/34 | 69800000000 | <sup>IDR</sup> | 5204966 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia Treasury Bond | 8.750% | 2/15/44 | 69200000000 | <sup>IDR</sup> | 5303518 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Indonesia* |  |  |  |  | *16461856* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mexico - 12.5%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexican Bonos, Bonds | 8.000% | 11/7/47 | 170400000 | <sup>MXN</sup> | 8345758 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexican Bonos, Bonds | 8.000% | 7/31/53 | 146000000 | <sup>MXN</sup> | 7158080 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexican Bonos, Senior Notes | 7.750% | 11/13/42 | 94100000 | <sup>MXN</sup> | 4515581 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Total Mexico* |  |  |  |  | *20019419* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **South Africa - 10.0%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Republic of South Africa Government Bond, Senior Notes | 8.750% | 2/28/48 | 349800000 | <sup>ZAR</sup> | *15923941* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SOVEREIGN BONDS**<br> (Cost - $129,921,350) |  |  |  |  | 111326034 |  |
| **COLLATERALIZED MORTGAGE OBLIGATIONS <sup>(f)</sup> - 21.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS <sup>(f)</sup> - 21.1%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banc of America Commercial Mortgage Trust, 2017-BNK3 XA, IO | 1.010% | 2/15/50 | 38871898 |  | 1264829 | <sup>(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BANK, 2017-BNK4 XA, IO | 1.341% | 5/15/50 | 3871318 |  | 168206 | <sup>(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBVA RMBS 2 FTA, 2007-2 C (3 mo. EURIBOR + 0.540%) | 2.602% | 9/17/50 | 913039 | <sup>EUR</sup> | 893076 | <sup>(c)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bellemeade RE Ltd., 2020-2A M2 (1 mo. USD LIBOR + 6.000%) | 10.506% | 8/26/30 | 1940121 |  | 1979808 | <sup>(a)(e)</sup> |

---

**See Notes to Schedule of Investments.** 

6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT†** |  | **VALUE** |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS** <sup>(f)</sup> **- continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS** <sup>(f)</sup> **- continued** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bellemeade RE Ltd., 2020-3A M1C (1 mo. USD LIBOR + 3.700%) | 8.206% | 10/25/30 | 1089105 |  | $1100661 <sup>(a)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup Commercial Mortgage Trust, 2014-GC23 D | 4.481% | 7/10/47 | 1700000 |  | 1540871 <sup>(a)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eagle RE Ltd., 2021-2 M1B (30 Day Average SOFR + 2.050%) | 6.360% | 4/25/34 | 2500000 |  | 2477905 <sup>(a)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC) Structured Agency Credit Risk Debt Notes, 2018-DNA1 M2 (1 mo. USD LIBOR + 1.800%) | 6.306% | 7/25/30 | 1361829 |  | 1356169 <sup>(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC) Structured Agency Credit Risk Debt Notes, 2018-HRP2 M3 (1 mo. USD LIBOR + 2.400%) | 6.906% | 2/25/47 | 1936944 |  | 1947988 <sup>(a)(b)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC) Structured Agency Credit Risk Debt Notes, 2019-DNA2 M2 (1 mo. USD LIBOR + 2.450%) | 6.956% | 3/25/49 | 1057044 |  | 1063109 <sup>(a)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association (FNMA) - CAS,<br> 2018-C01 1B1 (1 mo. USD LIBOR + 3.550%) | 8.056% | 7/25/30 | 1200000 |  | 1232760 <sup>(b)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association (FNMA) - CAS,<br> 2018-C06 2B1 (1 mo. USD LIBOR + 4.100%) | 8.606% | 3/25/31 | 2000000 |  | 2078813 <sup>(b)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association (FNMA) - CAS,<br> 2019-R02 1B1 (1 mo. USD LIBOR + 4.150%) | 8.656% | 8/25/31 | 3000000 |  | 3065003 <sup>(a)(b)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association (FNMA) - CAS,<br> 2019-R05 1B1 (1 mo. USD LIBOR + 4.100%) | 8.606% | 7/25/39 | 192848 |  | 195869 <sup>(a)(b)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association (FNMA) - CAS,<br> 2020-R01 1B1 (1 mo. USD LIBOR + 3.250%) | 7.756% | 1/25/40 | 1025000 |  | 989318 <sup>(a)(b)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage Association (FNMA) - CAS,<br> 2022-R03 1M2 (30 Day Average SOFR + 3.500%) | 7.810% | 3/25/42 | 1200000 |  | 1218086 <sup>(a)(b)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FREMF Mortgage Trust, 2019-K102 C | 3.531% | 12/25/51 | 2580000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2282566 <sup>(a)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IM Pastor FTH, 3 B (3 mo. EURIBOR + 0.290%) | 2.371% | 3/22/43 | 7400000 | <sup>EUR</sup> | 4433896 <sup>(c)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oaktown RE VI Ltd., 2021-1A M1B (30 Day Average SOFR + 2.050%) | 6.360% | 10/25/33 | 700000 |  | 694094 <sup>(a)(e)</sup> |

---

**See Notes to Schedule of Investments.** 

BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report 7

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

(Percentages shown based on Fund net assets)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SECURITY** | **RATE** | **MATURITY<br>DATE** | **FACE<br>AMOUNT†** |  | **VALUE** |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS** <sup>(f)</sup> **- continued** | **COLLATERALIZED MORTGAGE OBLIGATIONS** <sup>(f)</sup> **- continued** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RMAC Securities No 1 PLC, 2006-NS1X B1C (3 mo. EURIBOR + 0.880%) | 2.870% | 6/12/44 | 1378764 | <sup>EUR</sup> | $1375509 <sup>(c)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rural Hipotecario IX FTA, 9 B (3 mo. EURIBOR + 0.320%) | 2.115% | 2/17/50 | 1332302 | <sup>EUR</sup> | 1249065 <sup>(c)(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, 2019-C51 D | 3.000% | 6/15/52 | 1500000 |  | 1036123 <sup>(a)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WF-RBS Commercial Mortgage Trust, 2013-C15 XA, IO | 0.393% | 8/15/46 | 49212281 |  | 40182 <sup>(e)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost - $35,511,826) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost - $35,511,826) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost - $35,511,826) |  |  | 33683906 |
| **MORTGAGE-BACKED SECURITIES - 2.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **FHLMC - 2.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC)<br>(Cost - $3,170,494) | 5.000% | 9/1/52 | 3183853 |  | 3198953 |
| **CONVERTIBLE BONDS & NOTES - 1.3%** |  |  |  |  |  |
| **COMMUNICATION SERVICES - 1.3%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media - 1.3%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DISH Network Corp., Senior Notes<br>(Cost - $2,896,227) | 3.375% | 8/15/26 | 3070000 |  | 2016352 <sup>(b)</sup> |
| **SENIOR LOANS - 1.2%** |  |  |  |  |  |
| **CONSUMER DISCRETIONARY - 1.2%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Auto Components - 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Brands Group LLC, 2022-Ii Incremental Term loan (3 mo. Term SOFR + 5.000%) | 10.246% | 3/30/27 | 1000000 |  | *965000* <sup>(e)(g)(h)(i)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Internet & Direct Marketing Retail - 0.6%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hayward Industries Inc., 2022 Incremental Term Loan (1 mo. Term SOFR + 3.250%) | 7.811% | 5/30/28 | 997500 |  | *978797* <sup>(e)(g)(h)(i)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SENIOR LOANS**<br> (Cost - $1,893,317) |  |  |  |  | 1943797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $293,952,275) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266207962 |
|  |  |  | **SHARES** |  |  |
| **SHORT-TERM INVESTMENTS - 0.4%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares<br>(Cost - $613,717) | 4.326% |  | 613717 |  | 613717 <sup>(j)(k)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 167.0%**<br> (Cost - $294,565,992) |  |  |  |  | 266821679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mandatory Redeemable Preferred Stock, at Liquidation Value - (31.3)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mandatory Redeemable Preferred Stock, at Liquidation Value - (31.3)% |  |  |  | (50000000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Liabilities in Excess of Other Assets - (35.7)% |  |  |  |  | (57012635) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS - 100.0%** |  |  |  |  | $159809044 |

---

**See Notes to Schedule of Investments.** 

8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

† Face amount denominated in U.S. dollars, unless otherwise noted.

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold
in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.

(b) All or a portion of this security is pledged as collateral pursuant to the loan agreement.

(c) Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to
securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.

(d) Security has no maturity date. The date shown represents the next call date.

(e) Variable rate security. Interest rate disclosed is as of the most recent information available. Certain
variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description
above.

(f) Collateralized mortgage obligations are secured by an underlying pool of mortgages or mortgage pass-through
certificates that are structured to direct payments on underlying collateral to different series or classes of the obligations. The interest rate may change positively or inversely in relation to one or more interest rates, financial indices or
other financial indicators and may be subject to an upper and/or lower limit.

(g) Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are
attributable to multiple contracts under the same loan.

(h) Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive
approval from the agent bank and/or borrower prior to the disposition of a senior loan.

(i) Security is valued using significant unobservable inputs (Note 1).

(j) Rate shown is one-day yield as of the end of the reporting period.

(k) In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company"
represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At January 31, 2023, the total market value of investments in Affiliated
Companies was $613,717 and the cost was $613,717 (Note 2).

<u>Abbreviation(s) used in this schedule:</u> 

---

| | |
|:---|:---|
| BRL | Brazilian Real |
| CAS | Connecticut Avenue Securities |
| COP | Colombian Peso |
| EUR | Euro |
| EURIBOR | Euro Interbank Offered Rate |
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| IO | Interest Only |
| LIBOR | London Interbank Offered Rate |
| MXN | Mexican Peso |
| SOFR | Secured Overnight Financing Rate |
| USD | United States Dollar |
| ZAR | South African Rand |

---

**See Notes to Schedule of Investments.** 

BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report 9

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

At January 31, 2023, the Fund had the following open futures contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Number of<br>Contracts** | **Expiration<br>Date** | **Notional**<br>**Amount** | **Market**<br>**Value** | **Unrealized**<br>**Appreciation** |
| **Contracts to Buy:** |  |  |  |  |  |
|  U.S. Treasury 10-Year Notes | 183 | 3/23 | $20606409 | $20956360 | $349951 |

---

At January 31, 2023, the Fund had the following open forward foreign currency contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency**<br>**Purchased** | **Currency**<br>**Purchased** | **Currency**<br>**Sold** | **Currency**<br>**Sold** | **Counterparty** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| EUR | 15260000 | USD | 15321881 | Barclays Bank PLC | 2/3/23 | $1271631 |
| EUR | 24800000 | USD | 26830036 | Barclays Bank PLC | 2/3/23 | 137138 |
| INR | 1390000000 | USD | 17052913 | Barclays Bank PLC | 2/3/23 | (89392) |
| USD | 6174939 | EUR | 6150000 | Barclays Bank PLC | 2/3/23 | (512485) |
| USD | 14940340 | EUR | 14880000 | Barclays Bank PLC | 2/3/23 | (1239965) |
| USD | 16648102 | INR | 1390000000 | Barclays Bank PLC | 2/3/23 | (315419) |
| EUR | 6150000 | USD | 6683820 | JPMorgan Chase & Co. | 2/3/23 | 3604 |
| USD | 7564272 | EUR | 7250000 | JPMorgan Chase & Co. | 2/3/23 | (319277) |
| USD | 10770188 | EUR | 9910000 | JPMorgan Chase & Co. | 2/3/23 | (5808) |
| USD | 16584568 | EUR | 15260000 | JPMorgan Chase & Co. | 2/3/23 | (8943) |
| EUR | 7240000 | USD | 7529108 | UBS Securities LLC | 2/3/23 | 343568 |
| PEN | 23630000 | USD | 6055869 | HSBC Securities Inc. | 2/7/23 | 85941 |
| USD | 5891490 | PEN | 23630000 | HSBC Securities Inc. | 2/7/23 | (250320) |
| USD | 16337444 | ZAR | 280000000 | Morgan Stanley & Co. Inc. | 2/15/23 | 266871 |
| KRW | 10600000000 | USD | 8152905 | Citibank N.A. | 3/8/23 | 463930 |
| USD | 8364239 | KRW | 10600000000 | Citibank N.A. | 3/8/23 | (252596) |
| USD | 16057341 | IDR | 243630000000 | JPMorgan Chase & Co. | 4/18/23 | (173406) |
| USD | 22209785 | BRL | 115080000 | HSBC Securities Inc. | 4/19/23 | (140345) |
| CAD | 10670000 | USD | 7925072 | Citibank N.A. | 4/25/23 | 99827 |
| USD | 7999376 | CAD | 10670000 | Citibank N.A. | 4/25/23 | (25523) |
| USD | 7771707 | COP | 36630000000 | JPMorgan Chase & Co. | 4/27/23 | 59503 |
| USD | 12459119 | COP | 59430000000 | JPMorgan Chase & Co. | 4/27/23 | (53474) |
| USD | 17347396 | MXN | 332900000 | Citibank N.A. | 4/28/23 | (51971) |
| USD | 17175433 | INR | 1410000000 | Barclays Bank PLC | 5/4/23 | 80278 |
| EUR | 7980000 | USD | 8722539 | JPMorgan Chase & Co. | 5/5/23 | 2624 |
| EUR | 15920000 | USD | 17401356 | JPMorgan Chase & Co. | 5/5/23 | 5235 |
| USD | 6153872 | EUR | 5630000 | JPMorgan Chase & Co. | 5/5/23 | (1851) |
| USD | 26316181 | EUR | 24070000 | JPMorgan Chase & Co. | 5/5/23 | (1447) |
| Total |  |  |  |  |  | $(622072) |

---

**See Notes to Schedule of Investments.** 

10 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

<u>Abbreviation(s) used in this table:</u> 

---

| | |
|:---|:---|
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| COP | Colombian Peso |
| EUR | Euro |
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| KRW | South Korean Won |
| MXN | Mexican Peso |
| PEN | Peruvian Nuevo Sol |
| USD | United States Dollar |
| ZAR | South African Rand |

---

At January 31, 2023, the Fund had the following open swap contracts:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION<sup>1</sup>**  | **OTC CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION<sup>1</sup>**  | **OTC CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION<sup>1</sup>**  | **OTC CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION<sup>1</sup>**  | **OTC CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION<sup>1</sup>**  | **OTC CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION<sup>1</sup>**  | **OTC CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION<sup>1</sup>**  | **OTC CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION<sup>1</sup>**  |
| **SWAP COUNTERPARTY<br>(REFERENCE ENTITY)** | **NOTIONAL**<br>**AMOUNT<sup>2</sup>** | **TERMINATION<br>DATE** | **IMPLIED<br>CREDIT<br>SPREAD AT<br>JANUARY 31,<br>2023<sup>3</sup>** | **PERIODIC<br>PAYMENTS<br>RECEIVED BY<br>THE FUND<sup>†</sup>** | **MARKET<br>VALUE** | **UPFRONT<br>PREMIUMS PAID<br>(RECEIVED)** | **UNREALIZED<br>APPRECIATION**<br>**(DEPRECIATION)** |
| Morgan Stanley & Co. Inc. (Lumen Technologies Inc., 7.500%, due 4/1/24) | $1485000 | 6/20/23 | 2.081% | 1.000% quarterly | $(6104) | $(7524) | $1420 |
| Morgan Stanley & Co. Inc. (Lumen Technologies Inc., 7.500%, due 4/1/24) | 1625000 | 6/20/25 | 6.368% | 1.000% quarterly | (182962) | (81264) | (101698) |
|  Total | $3110000 |  |  |  | $(189066) | $(88788) | $(100278) |

---

**See Notes to Schedule of Investments.** 

BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report 11

------

**BRANDYWINEGLOBAL — GLOBAL INCOME OPPORTUNITIES FUND INC.** 

---

| | |
|:---|:---|
| **Schedule of investments (unaudited) (cont'd)** | **January 31, 2023** |

---

---

| | |
|:---|:---|
| 1 | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.  |

---

---

| | |
|:---|:---|
| 2 | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.  |

---

---

| | |
|:---|:---|
| 3 | Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end, serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as "Defaulted" indicates a credit event has occurred for the referenced entity or obligation.  |

---

† Percentage shown is an annual percentage rate.

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

**See Notes to Schedule of Investments.** 

12 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BrandywineGLOBAL — Global Income Opportunities Fund Inc. 2023 Quarterly Report

------

**Notes to Schedule of Investments (unaudited)** 

**1. Organization and significant accounting policies** 

BrandywineGLOBAL — Global Income Opportunities Fund Inc. (the "Fund") was incorporated in Maryland on October 27, 2010 and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund's primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurance the Fund will achieve its investment objectives. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its assets in global fixed income securities.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services –Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Directors.

Pursuant to policies adopted by the Board of Directors, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily

<br>13<br>

------

**Notes to Schedule of Investments (unaudited) (cont'd)** 

valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board of Directors. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Directors quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

<br>14<br>

------

**Notes to Schedule of Investments (unaudited) (cont'd)** 

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted 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 inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| **DESCRIPTION** | **QUOTED PRICES<br>(LEVEL 1)** | **OTHER SIGNIFICANT<br>OBSERVABLE INPUTS<br>(LEVEL 2)** | **SIGNIFICANT<br>UNOBSERVABLE<br>INPUTS**<br>**(LEVEL 3)** | **TOTAL** |
|  Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes |  | $114038920 |  | $114038920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sovereign Bonds |  | 111326034 |  | 111326034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations |  | 33683906 |  | 33683906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Securities |  | 3198953 |  | 3198953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible Bonds & Notes |  | 2016352 |  | 2016352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Loans |  |  | $1943797 | 1943797 |
|  Total Long-Term Investments |  | 264264165 | 1943797 | 266207962 |
|  Short-Term Investments† | $613717 |  |  | 613717 |
|  Total Investments | $613717 | $264264165 | $1943797 | $266821679 |
|  Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts†† | $349951 |  |  | $349951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† |  | $2820150 |  | 2820150 |
|  Total Other Financial Instruments | $349951 | $2820150 |  | $3170101 |
|  Total | $963668 | $267084315 | $1943797 | $269991780 |

---

<br>15<br>

------

**Notes to Schedule of Investments (unaudited) (cont'd)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES** | **LIABILITIES** | **LIABILITIES** | **LIABILITIES** | **LIABILITIES** |
| **DESCRIPTION** | **QUOTED PRICES<br>(LEVEL 1)** | **OTHER SIGNIFICANT**<br>**OBSERVABLE INPUTS**<br>**(LEVEL 2)** | **SIGNIFICANT<br>UNOBSERVABLE<br>INPUTS**<br>**(LEVEL 3)** | **TOTAL** |
|  Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† |  | $3442222 |  | $3442222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC Credit Default Swaps on Corporate Issues - Sell Protection‡ |  | 189066 |  | 189066 |
|  Total |  | $3631288 |  | $3631288 |

---

† See Schedule of Investments for additional detailed categorizations.

†† Reflects the unrealized appreciation (depreciation) of the instruments.

‡ Value includes any premium paid or received with respect to swap contracts.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Balance**<br>**as of<br>October 31,<br>2022** | **Accrued<br>premiums/<br>discounts** | **Realized<br>gain<br>(loss)** | **Change in<br>unrealized<br>appreciation<br>(depreciation)<sup>1</sup>** | **Purchases** |
|  Senior Loans: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discretionary |  | $717 |  | $50480 | $1892600 |
|  Total |  | $717 |  | $50480 | $1892600 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in Securities (cont'd)** | **Sales** | **Transfers<br>into<br>Level 3** | **Transfers<br>out of<br>Level 3** | **Balance**<br>**as of<br>January 31,<br>2023** | **Net change**<br>**in unrealized<br>appreciation<br>(depreciation)<br>for<br>investments<br>in securities<br>still held at<br>January 31,<br>2023<sup>1</sup>** |
|  Senior Loans: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discretionary |  |  |  | $1943797 | $50480 |
|  Total |  |  |  | $1943797 | $50480 |

---

<sup>1</sup> Change in unrealized appreciation (depreciation) includes net unrealized appreciation (depreciation) resulting from changes in investment values during the reporting period and the reversal of previously recorded unrealized appreciation (depreciation) when gains or losses are realized. 

<br>16<br>

------

**Notes to Schedule of Investments (unaudited) (cont'd)** 

**2. Transactions with affiliated company** 

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended January 31, 2023. The following transactions were effected in such company for the period ended January 31, 2023.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Affiliate<br>Value at<br>October 31,**<br>**2022** | **Purchased** | **Purchased** | **Sold** | **Sold** | | | | |
|  | **Affiliate<br>Value at<br>October 31,**<br>**2022** | **Cost** | **Shares** | **Proceeds** | **Shares** |<br>**Realized<br>Gain (Loss)** |<br>**Dividend<br>Income** |<br>**Net Increase<br>(Decrease) in<br>Unrealized<br>Appreciation<br>(Depreciation)** |<br>**Affiliate<br>Value at<br>January 31,<br>2023** |
| Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares | $7472789 | $15874854 | 15874854 | $22733926 | 22733926 |  | $74619 |  | $613717 |

---

<br>17<br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BrandywineGLOBAL-Global Income Opportunities Fund Inc

- **b. Investment Company Act file number:** 811-22491

- **c. CIK number of Registrant:** 0001504545

- **d. LEI of Registrant:** 549300P4CDQCJBGI0833

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

  - **Street Address 1:** 620 Eighth Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

  - **Telephone number:** 1-888-777-0102

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

- **a. Name of Series:** BrandywineGLOBAL-Global Income Opportunities Fund Inc

- **c. LEI of Series:** 549300P4CDQCJBGI0833

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $277048769.55

**Total Liabilities:** $117239665.05

**Net Assets:** $159809104.50

**Cash Not Reported:** $820000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 91.77468128 | **1-Year:** 3486.05100554 | **5-Year:** 9235.54671101 | **10-Year:** 16342.59522113 | **30-Year:** 158.59670457

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

- **3-Month:** 89.23856972 | **1-Year:** 10332.85092079 | **5-Year:** 24665.80006368 | **10-Year:** 2629.17021539 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 5.98%                | 0.37%                | 5.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1010.83                 | $7361139.39                                |
| Month 2  | $-2514834.88             | $956541.45                                 |
| Month 3  | $-3243.16                | $8541800.06                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UBER TECHNOLOGIES INC                                    | Uber Technologies Inc                                                            | CUSIP: 90353TAG5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |      590000 | PA      | $578015.63    | 0.36%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS                                 | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed   | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1115000 | PA      | $946846.85    | 0.59%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                         | Connecticut Avenue Securities Trust 2019-R05                                     | CUSIP: 20754HAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      192848 | PA      | $195869.40    | 0.12%             | 2039-07-25      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp                                                             | CUSIP: 59023VAA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     6345000 | PA      | $7909556.95   | 4.95%             | 2038-05-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTA OUTDOOR INC                                        | Vista Outdoor Inc                                                                | CUSIP: 928377AC4<br>LEI: 549300QI2D33ESTJLN81 | Long             | DBT              | CORP              | US        |      730000 | PA      | $592219.80    | 0.37%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                 | Brazil Notas do Tesouro Nacional Serie F                                         | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    70715000 | PA      | $11954696.16  | 7.48%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                  | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    94100000 | PA      | $4515580.68   | 2.83%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARCONIC CORP                                             | Arconic Corp                                                                     | CUSIP: 03966VAA5<br>LEI: 549300B4YFWH3U74B152 | Long             | DBT              | CORP              | US        |      555000 | PA      | $533961.91    | 0.33%             | 2028-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA                                   | SierraCol Energy Andina LLC                                                      | CUSIP: 82653LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1420000 | PA      | $1173352.28   | 0.73%             | 2028-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                          | CDS CENTURYLINK INC                                                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |           1 | NC      | $-181020.95   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-2A PTT                                   | Air Canada 2020-2 Class A Pass Through Trust                                     | CUSIP: 00909DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      169931 | PA      | $163151.82    | 0.10%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | USD/MXN FORWARD                                                                  | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-51970.88    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | USD/CAD FORWARD                                                                  | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |           1 | NC      | $99827.45     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                     | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 79300000000 | PA      | $5953372.11   | 3.73%             | 2029-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                               | USD/PEN FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $85941.26     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                             | Entegris Inc                                                                     | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      330000 | PA      | $281778.40    | 0.18%             | 2029-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| COLOMBIA TELECOMUNICACIO                                 | Colombia Telecomunicaciones SA ESP                                               | CUSIP: 19533PAC4<br>LEI: 549300CK4YN0V1C3MN55 | Long             | DBT              | CORP              | CO        |      775000 | PA      | $677322.88    | 0.42%             | 2030-07-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GOL FINANCE SA                                           | Gol Finance SA                                                                   | CUSIP: 36254VAC2<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | LU        |     1390000 | PA      | $968100.25    | 0.61%             | 2026-06-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                  | New Fortress Energy Inc                                                          | CUSIP: 644393AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      445000 | PA      | $426394.91    | 0.27%             | 2025-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-3298.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                         | Taseko Mines Ltd                                                                 | CUSIP: 876511AF3<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |     3000000 | PA      | $2846835.00   | 1.78%             | 2026-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | IDR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-173406.10   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                                           | Oaktown Re VI Ltd                                                                | CUSIP: 67401FAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |      700000 | PA      | $694094.17    | 0.43%             | 2033-10-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                            | TransDigm Inc                                                                    | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     1190000 | PA      | $1190925.51   | 0.75%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                     | Talos Production Inc                                                             | CUSIP: 87485LAC8<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |     1375000 | PA      | $1459260.00   | 0.91%             | 2026-01-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| MARATHON OIL CORP                                        | Marathon Oil Corp                                                                | CUSIP: 565849AE6<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | DBT              | CORP              | US        |     2445000 | PA      | $2591562.81   | 1.62%             | 2037-10-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC                                 | Turning Point Brands Inc                                                         | CUSIP: 90041LAF2<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |     1480000 | PA      | $1346164.21   | 0.84%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES                                 | Texas Capital Bancshares Inc                                                     | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $910906.60    | 0.57%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                         | Bellemeade Re 2020-2 Ltd                                                         | CUSIP: 078782AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |     1940121 | PA      | $1979808.19   | 1.24%             | 2030-08-26      | Floating      | 10.51%                | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                                   | First Brands Group LLC                                                           | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     1000000 | PA      | $965000.00    | 0.60%             | 2027-03-30      | Floating      | 9.57%                 | No            |                  3 | On Loan: No      |
| RACKSPACE TECHNOLOGY                                     | Rackspace Technology Global Inc                                                  | CUSIP: 750098AB1<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |      555000 | PA      | $334576.20    | 0.21%             | 2028-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                                         | Teine Energy Ltd                                                                 | CUSIP: 879068AB0<br>LEI: 5493002EE80G6ER7SM91 | Long             | DBT              | CORP              | CA        |     4000000 | PA      | $3740220.00   | 2.34%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL GAMING AU                                 | Mohegan Tribal Gaming Authority                                                  | CUSIP: 608328BH2<br>LEI: 549300UB083Z2NRDHC48 | Long             | DBT              | CORP              | US        |     1450000 | PA      | $1379377.75   | 0.86%             | 2026-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                     | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 69800000000 | PA      | $5204965.98   | 3.26%             | 2034-03-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                      | Freddie Mac STACR Trust 2019-DNA2                                                | CUSIP: 35564LAH0<br>LEI: 549300Y6KOVOWQ8OJC33 | Long             | ABS-MBS          | CORP              | US        |     1057044 | PA      | $1063109.16   | 0.67%             | 2049-03-25      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                 | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     2200000 | PA      | $2106456.00   | 1.32%             | 2026-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | KRW/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |           1 | NC      | $463929.92    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                 | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      200000 | PA      | $193693.00    | 0.12%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                    | Freedom Mortgage Corp                                                            | CUSIP: 35640YAF4<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     3000000 | PA      | $2642688.63   | 1.65%             | 2026-05-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                                       | Braskem Idesa SAPI                                                               | CUSIP: 10554NAA6<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |     1340000 | PA      | $1107586.78   | 0.69%             | 2029-11-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                  | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     1710000 | PA      | $1549687.50   | 0.97%             | 2031-03-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                   | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      625000 | PA      | $605396.88    | 0.38%             | 2026-08-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                                           | ANGI Group LLC                                                                   | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2200000 | PA      | $1689952.00   | 1.06%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                  | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   170400000 | PA      | $8345758.64   | 5.22%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                   | Match Group Holdings II LLC                                                      | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $920890.00    | 0.58%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CARROLS RESTAURANT GROUP                                 | Carrols Restaurant Group Inc                                                     | CUSIP: 14574XAF1<br>LEI: 529900HZEMNWQSAKFJ98 | Long             | DBT              | CORP              | US        |      605000 | PA      | $465577.30    | 0.29%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                                            | CommScope Inc                                                                    | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |      495000 | PA      | $388399.90    | 0.24%             | 2028-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                    | INR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-315418.78   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                               | PEN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-250320.17   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                 | Altice France Holding SA                                                         | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |     1515000 | PA      | $1024036.04   | 0.64%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Western Asset Premier Institutional US Treasury Reserves | Western Asset Premier Institutional US Treasury Reserves                         | CUSIP: 52470G478<br>LEI: 549300FS1J68EF5THY28 | Long             | STIV             | RF                | US        |     1142057 | NS      | $1142056.92   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR                                      | Freddie Mac Structured Agency Credit Risk Debt Notes                             | CUSIP: 3137G0TH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |     1361829 | PA      | $1356169.17   | 0.85%             | 2030-07-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                 | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   349800000 | PA      | $15923941.38  | 9.96%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                            | Citigroup Commercial Mortgage Trust 2014-GC23                                    | CUSIP: 17322VAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1700000 | PA      | $1540870.82   | 0.96%             | 2047-07-10      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                             | AES Corp/The                                                                     | CUSIP: 00130HCB9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |      685000 | PA      | $654080.15    | 0.41%             | 2025-07-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CAPITAL CORP                                    | Owl Rock Capital Corp                                                            | CUSIP: 69121KAB0<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |     1085000 | PA      | $1041139.79   | 0.65%             | 2025-03-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                        | NatWest Group PLC                                                                | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      700000 | PA      | $538125.00    | 0.34%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                         | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 30711XYW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     1200000 | PA      | $1232759.76   | 0.77%             | 2030-07-25      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| NEW GOLD INC                                             | New Gold Inc                                                                     | CUSIP: 644535AH9<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |      100000 | PA      | $92944.12     | 0.06%             | 2027-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GRUPO AXO SA DE CV                                       | Grupo Axo SAPI de CV                                                             | CUSIP: 40054MAA0<br>LEI: 4469000001BNKIG58H20 | Long             | DBT              | CORP              | MX        |      690000 | PA      | $610571.97    | 0.38%             | 2026-06-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                    | USD/INR FORWARD                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |           1 | NC      | $80278.31     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                  | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   146000000 | PA      | $7158079.91   | 4.48%             | 2053-07-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                       | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |           1 | NC      | $343567.50    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                                            | Synaptics Inc                                                                    | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |      285000 | PA      | $247151.76    | 0.15%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                     | FREMF 2019-K102 Mortgage Trust                                                   | CUSIP: 30312WAG4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     2580000 | PA      | $2282565.99   | 1.43%             | 2051-12-25      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                 | First Quantum Minerals Ltd                                                       | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     2920000 | PA      | $2834385.60   | 1.77%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HAYWARD INDUSTRIES INC                                   | Hayward Industries Inc                                                           | CUSIP: 421300AM6<br>LEI: 549300NV8ZMMEDUHQ091 | Long             | LON              | CORP              | US        |      997500 | PA      | $978796.88    | 0.61%             | 2028-05-28      | Floating      | 7.73%                 | No            |                  3 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                    | USD/INR FORWARD                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-89392.08    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| ATP TOW / AND TELECOM                                    | ATP Tower Holdings LLC / Andean Tower Partners Colombia SAS / Andean Telecom Par | CUSIP: 00216DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |      300000 | PA      | $273319.50    | 0.17%             | 2026-04-27      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                        | DISH Network Corp                                                                | CUSIP: 25470MAB5<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |     3070000 | PA      | $2016351.96   | 1.26%             | 2026-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                                   | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |      475000 | PA      | $450383.13    | 0.28%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BBVA RMBS 2 FTA                                          | BBVA RMBS 2 FTA                                                                  | CUSIP: 000000000<br>LEI: 95980020140005499592 | Long             | ABS-MBS          | CORP              | ES        |      913039 | PA      | $893076.35    | 0.56%             | 2050-09-17      | Floating      | 2.60%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                     | Michaels Cos Inc/The                                                             | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1169266.00   | 0.73%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |           1 | NC      | $7858.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU                           | WFRBS Commercial Mortgage Trust 2013-C15                                         | CUSIP: 92938CAG2<br>LEI: 5493003CHVRASC16O965 | Long             | ABS-MBS          | CORP              | US        |    49212281 | PA      | $40181.83     | 0.03%             | 2046-08-15      | Variable      | 0.39%                 | No            |                  2 | On Loan: No      |
| SOLARIS MIDSTREAM HOLDIN                                 | Solaris Midstream Holdings LLC                                                   | CUSIP: 83419MAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2002400.00   | 1.25%             | 2026-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                     | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 43770000000 | PA      | $6968758.81   | 4.36%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                               | BRL/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-140345.22   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                         | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 30711X5V2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     2000000 | PA      | $2078812.40   | 1.30%             | 2031-03-25      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| HARSCO CORP                                              | Harsco Corp                                                                      | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |     1375000 | PA      | $1165381.25   | 0.73%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                    | Bath & Body Works Inc                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |      370000 | PA      | $362045.00    | 0.23%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                      | Select Medical Corp                                                              | CUSIP: 816196AT6<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |      560000 | PA      | $547643.60    | 0.34%             | 2026-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MICROSTRATEGY INC                                        | MicroStrategy Inc                                                                | CUSIP: 594972AF8<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |     1410000 | PA      | $1191765.88   | 0.75%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                         | Credit Acceptance Corp                                                           | CUSIP: 225310AM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1920000 | PA      | $1759142.40   | 1.10%             | 2026-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                         | Bellemeade Re 2020-3 Ltd                                                         | CUSIP: 07877KAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1089105 | PA      | $1100660.40   | 0.69%             | 2030-10-25      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                     | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 98120000000 | PA      | $12848481.98  | 8.04%             | 2050-10-26      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                                  | Blackstone Secured Lending Fund                                                  | CUSIP: 09261LAC2<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |     1745000 | PA      | $1627981.71   | 1.02%             | 2026-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                     | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 69200000000 | PA      | $5303517.55   | 3.32%             | 2044-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                                  | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |     1645000 | PA      | $1525622.35   | 0.95%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                              | Freddie Mac Pool                                                                 | CUSIP: 3132DWET6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     3183853 | PA      | $3198953.43   | 2.00%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP/CO-ISSUER                                  | Realogy Group LLC / Realogy Co-Issuer Corp                                       | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      575000 | PA      | $447735.25    | 0.28%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                 | Delta Air Lines Inc / SkyMiles IP Ltd                                            | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     3280000 | PA      | $3197646.51   | 2.00%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LIBERTY INTERACTIVE LLC                                  | Liberty Interactive LLC                                                          | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |      725000 | PA      | $346147.63    | 0.22%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                       | Viking Cruises Ltd                                                               | CUSIP: 92676XAC1<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |      645000 | PA      | $589698.81    | 0.37%             | 2025-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                    | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-1752450.39  | -1.10%            |  |  |  | No            |                  2 | On Loan: No      |
| XHR LP                                                   | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |      850000 | PA      | $755386.50    | 0.47%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KB HOME                                                  | KB Home                                                                          | CUSIP: 48666KAZ2<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |      565000 | PA      | $471785.62    | 0.30%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                                 | Consolidated Communications Inc                                                  | CUSIP: 20903XAH6<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |      890000 | PA      | $668778.96    | 0.42%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pastor IM FTH/FTA                                        | IM Pastor 3 FTH                                                                  | CUSIP: 000000000<br>LEI: 95980020140005263203 | Long             | ABS-MBS          | CORP              | ES        |     7400000 | PA      | $4433895.83   | 2.77%             | 2043-03-22      | Floating      | 2.37%                 | No            |                  2 | On Loan: No      |
| RMAC Securities PLC                                      | RMAC Securities No 1 PLC                                                         | CUSIP: 000000000<br>LEI: 213800C48M2JTBGZT736 | Long             | ABS-MBS          | CORP              | GB        |     1378763 | PA      | $1375508.93   | 0.86%             | 2044-06-12      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                       | CNX Resources Corp                                                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     1310000 | PA      | $1204593.50   | 0.75%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                                  | Standard Industries Inc/NJ                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $1711941.76   | 1.07%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                      | Travel + Leisure Co                                                              | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     1475000 | PA      | $1448988.38   | 0.91%             | 2027-04-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| WORLD ACCEPTANCE CORP                                    | World Acceptance Corp                                                            | CUSIP: 981419AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3800000 | PA      | $2940573.00   | 1.84%             | 2026-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                                 | AES Panama Generation Holdings SRL                                               | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |     1195000 | PA      | $1061387.50   | 0.66%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |           1 | NC      | $3604.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     7000000 | PA      | $7851396.56   | 4.91%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                           | Wells Fargo Commercial Mortgage Trust 2019-C51                                   | CUSIP: 95001VAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1500000 | PA      | $1036123.20   | 0.65%             | 2052-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                    | Minerva Luxembourg SA                                                            | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |      630000 | PA      | $534504.35    | 0.33%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                    | Level 3 Financing Inc                                                            | CUSIP: 527298BN2<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1103553.75   | 0.69%             | 2027-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                      | Petroleos Mexicanos                                                              | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3730000 | PA      | $3256900.60   | 2.04%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                                 | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |      580000 | PA      | $505663.83    | 0.32%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                         | Connecticut Avenue Securities Trust 2019-R02                                     | CUSIP: 20753KAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $3065003.10   | 1.92%             | 2031-08-25      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | USD/CAD FORWARD                                                                  | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-25523.26    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                             | Entegris Inc                                                                     | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      750000 | PA      | $679500.00    | 0.43%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mor                           | Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3                | CUSIP: 06427DAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    38871898 | PA      | $1264829.38   | 0.79%             | 2050-02-15      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                          | CDS CENTURYLINK INC                                                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |           1 | NC      | $-4329.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Rural Hipotecario Fondo de Tit                           | Rural Hipotecario IX FTA                                                         | CUSIP: 000000000<br>LEI: 95980020140005501435 | Long             | ABS-MBS          | CORP              | ES        |     1332302 | PA      | $1249065.34   | 0.78%             | 2050-02-17      | Floating      | 2.12%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                          | Nissan Motor Co Ltd                                                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |     1500000 | PA      | $1413244.31   | 0.88%             | 2027-09-17      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| GPS HOSPITALITY HOLDING                                  | GPS Hospitality Holding Co LLC / GPS Finco Inc                                   | CUSIP: 36262BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1225000 | PA      | $761159.88    | 0.48%             | 2028-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MODIVCARE ESCROW ISSUER                                  | ModivCare Escrow Issuer Inc                                                      | CUSIP: 60783XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      345000 | PA      | $299456.61    | 0.19%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                               | Elastic NV                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |      335000 | PA      | $287127.66    | 0.18%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                         | Altice France SA/France                                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     1190000 | PA      | $1018759.22   | 0.64%             | 2028-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | COP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |           1 | NC      | $6029.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.              | CBOT 10 Year US Treasury Note                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         183 | NC      | $349950.90    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                  | New Fortress Energy Inc                                                          | CUSIP: 644393AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2500000 | PA      | $2303799.68   | 1.44%             | 2026-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                                 | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp               | CUSIP: 559665AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2315000 | PA      | $2242100.65   | 1.40%             | 2026-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Eagle Re Ltd                                             | Eagle RE 2021-2 Ltd                                                              | CUSIP: 26982AAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |     2500000 | PA      | $2477904.75   | 1.55%             | 2034-04-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                 | USD/ZAR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           1 | NC      | $266871.32    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| DELUXE CORP                                              | Deluxe Corp                                                                      | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |      565000 | PA      | $484586.38    | 0.30%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                               | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1214180.50   | 0.76%             | 2027-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Bank                                                     | BANK 2017-BNK4                                                                   | CUSIP: 06541FBB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3871318 | PA      | $168206.08    | 0.11%             | 2050-05-15      | Variable      | 1.34%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                                    | India Government Bond                                                            | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |  1300000000 | PA      | $17045964.48  | 10.67%            | 2044-12-01      | Fixed         | 8.17%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                            | USD/KRW FORWARD                                                                  | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-252596.42   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                                      | Allegiant Travel Co                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $1957864.64   | 1.23%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                         | Connecticut Avenue Securities Trust 2022-R03                                     | CUSIP: 20753XAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1200000 | PA      | $1218085.80   | 0.76%             | 2042-03-25      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                 | Brazil Notas do Tesouro Nacional Serie F                                         | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    55800000 | PA      | $10102915.76  | 6.32%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NAVIOS SA LOGIST/FIN US                                  | Navios South American Logistics Inc / Navios Logistics Finance US Inc            | CUSIP: 63938NAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     1140000 | PA      | $1125738.60   | 0.70%             | 2025-07-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                              | Geopark Ltd                                                                      | CUSIP: 37255BAB5<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |     1620000 | PA      | $1439926.76   | 0.90%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                                            | CommScope Inc                                                                    | CUSIP: 20338QAD5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     1370000 | PA      | $1313384.75   | 0.82%             | 2026-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OWL ROCK TECHNOLOGY FINA                                 | Owl Rock Technology Finance Corp                                                 | CUSIP: 691205AC2<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |     3385000 | PA      | $3111551.34   | 1.95%             | 2025-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                              | Gap Inc/The                                                                      | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     1395000 | PA      | $1040770.79   | 0.65%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                      | STACR Trust 2018-HRP2                                                            | CUSIP: 35564ABF7<br>LEI: 549300YG8OJES76WL398 | Long             | ABS-MBS          | CORP              | US        |     1936944 | PA      | $1947987.86   | 1.22%             | 2047-02-25      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                    | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |           1 | NC      | $1408769.07   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                         | Connecticut Avenue Securities Trust 2020-R01                                     | CUSIP: 20754CAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1025000 | PA      | $989318.21    | 0.62%             | 2040-01-25      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                     | CITGO Petroleum Corp                                                             | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |     1425000 | PA      | $1398053.25   | 0.87%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| US CELLULAR CORP                                         | United States Cellular Corp                                                      | CUSIP: 911684AD0<br>LEI: 549300B164AZXESI6E03 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $1862610.00   | 1.17%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                                            | CommScope Inc                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     1350000 | PA      | $1150179.75   | 0.72%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                               | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-334028.25   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-17

**Name of Applicant:** BrandywineGLOBAL-Global Income Opportunities Fund Inc.

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer