# EDGAR Filing Document

**Accession Number:** 0000836906
**File Stem:** 0000836906-26-000267
**Filing Date:** 2026-5
**Character Count:** 124471
**Document Hash:** 255a9f21f8b9069299ca0382db8cc54d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000836906-26-000267.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000836906-26-000267

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD MALVERN FUNDS
- **CENTRAL INDEX KEY:** 0000836906

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05628
- **FILM NUMBER:** 261037012

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD ASSET ALLOCATION FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Vanguard Emerging Markets Bond Fund (Series ID: S000053069)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000166997 | Admiral Shares  | VEGBX           |
| C000166998 | Investor Shares | VEMBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD MALVERN FUNDS

- **b. Investment Company Act file number:** 811-05628

- **c. CIK number of Registrant:** 0000836906

- **d. LEI of Registrant:** 549300EW16IGZDA38J20

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD EMERGING MARKETS BOND FUND

- **b. EDGAR series identifier (if any):** S000053069

- **c. LEI of Series:** 5493006QRHGOC6VL4381

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $5488937686.89

**Total Liabilities:** $26212803.87

**Net Assets:** $5462724883.02

**Cash Not Reported:** $47987579.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4206.43612726 | **1-Year:** -72795.73477995 | **5-Year:** -547473.73343495 | **10-Year:** -551036.14088780 | **30-Year:** -293587.71314585

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

- **3-Month:** -5137.74624739 | **1-Year:** -162407.19829446 | **5-Year:** -428610.67443605 | **10-Year:** -512388.20901061 | **30-Year:** -208390.85888116

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000166998 | 0.56%                | 1.31%                | -3.21%               |
| Class ID C000166997 | 0.56%                | 1.34%                | -3.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $26695361.55             | $-14964051.46                              |
| Month 2  | $44719844.71             | $-7443514.57                               |
| Month 3  | $5545232.40              | $-228106695.20                             |

**Designated Index Information**

- **Index Name:** JP Morgan Emerging Markets Bond Index Global Diversified

- **Index Identifier:** JPGCCOMP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pakistan Government International Bond                    | REP OF PAKISTAN                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PK        |     6470000 | PA      | $6462558.21   | 0.12%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                                     | PETROLEOS DEL PE                   | CUSIP: N/A<br>LEI: 549300ZMGDLC9JT2OR80       | Long             | DBT              | CORP              | PE        |     9166000 | PA      | $6361691.17   | 0.12%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                 | REP OF GUATEMALA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GT        |    27613000 | PA      | $27528269.79  | 0.50%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-60338.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | PLN/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $13021.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | EURO-SCHATZ FUT   Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          80 | NC      | $-100845.16   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Philippine Government International Bond                  | PHILIPPINES(REP)                   | CUSIP: 718286DA2<br>LEI: N/A                  | Long             | DBT              | NUSS              | PH        |     3445000 | PA      | $3446853.93   | 0.06%             | 2034-05-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                    | REPUBLIC OF PERU                   | CUSIP: 715638FC1<br>LEI: N/A                  | Long             | DBT              | NUSS              | PE        |    43660000 | PA      | $43562769.62  | 0.80%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bond                     | MOROCCO KINGDOM                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | MA        |     4904000 | PA      | $5590936.60   | 0.10%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | PETROLEOS MEXICA                   | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    15192000 | PA      | $12100087.70  | 0.22%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Kazakhstan Government International Bond                  | KAZAKHSTAN                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | KZ        |    16605000 | PA      | $16251457.96  | 0.30%             | 2030-10-28      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                     | HUNGARY                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |     2164000 | PA      | $1833604.16   | 0.03%             | 2031-09-22      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                     | HUNGARY                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    17195000 | PA      | $19551524.54  | 0.36%             | 2038-03-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |     8330000 | PA      | $8726562.15   | 0.16%             | 2033-01-17      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     3522000 | PA      | $825269.05    | 0.02%             | 2024-11-04      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government Bond                  | REP SOUTH AFRICA                   | CUSIP: EF5565850<br>LEI: N/A                  | Long             | DBT              | NUSS              | ZA        |  1092062500 | PA      | $51923316.41  | 0.95%             | 2036-03-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | USD/ZAR FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $386578.58    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                 | PETROLEOS DE VEN                   | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |    31806700 | PA      | $10637114.68  | 0.19%             | 2027-04-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond          | ARGENTINA                          | CUSIP: 040114HU7<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    82719637 | PA      | $62309004.16  | 1.14%             | 2038-01-09      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $85002.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Jordan Government International Bond                      | JORDAN                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | JO        |    16838000 | PA      | $15876659.65  | 0.29%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: 903724CA8<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |    11148579 | PA      | $5974190.48   | 0.11%             | 2034-02-01      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | SWP: KRW 3.483000 11-MAR-2031 KRW  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 36306955000 | NC      | $-289322.29   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Energuate Trust 2 0                                       | ENERGUATE TR 2 0                   | CUSIP: N/A<br>LEI: 2549000ZL9MU01FZK194       | Long             | DBT              | CORP              | KY        |    18982000 | PA      | $18664135.21  | 0.34%             | 2035-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bond                       | SAUDI INT BOND                     | CUSIP: 80413TBS7<br>LEI: N/A                  | Long             | DBT              | NUSS              | SA        |   146480000 | PA      | $139308887.04 | 2.55%             | 2056-01-12      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | FSWP: HUF 7.050000 19-MAR-2036 BUB | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  3507692308 | NC      | $-6617.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                     | TURKIYE REP OF                     | CUSIP: 900123DA5<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |     4986000 | PA      | $4800832.82   | 0.09%             | 2031-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | TRY/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $98624.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                 | UZBEK INTL BOND                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UZ        |    11513000 | PA      | $13329860.80  | 0.24%             | 2029-02-25      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Republic of Kenya Government International Bond           | KENYA REP OF                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | KE        |    10949000 | PA      | $9094833.93   | 0.17%             | 2034-01-23      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                    | REPUBLIC OF PERU                   | CUSIP: 715638DF6<br>LEI: N/A                  | Long             | DBT              | NUSS              | PE        |    70757000 | PA      | $64557181.09  | 1.18%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bond                   | INDONESIA (REP)                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | ID        |    38329000 | PA      | $42569346.42  | 0.78%             | 2034-03-04      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | PETROLEOS MEXICA                   | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    14015000 | PA      | $11009325.16  | 0.20%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                       | ARAB REP EGYPT                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |    42283000 | PA      | $36571898.61  | 0.67%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SWP: PLN 4.530000 13-MAR-2036 WIB  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    65976316 | NC      | $-455139.93   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | EURO-BUND FUTURE  Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -1337 | NC      | $2676245.87   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: 775921AA7<br>LEI: N/A                  | Long             | DBT              | NUSS              | RO        |    36320000 | PA      | $33671305.52  | 0.62%             | 2036-07-04      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Egypt Government International Bond                       | ARAB REP EGYPT                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |     3220000 | PA      | $3179523.31   | 0.06%             | 2027-09-30      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | US LONG BOND(CBT) Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          57 | NC      | $14149.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: 903724CH3<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |    67155000 | PA      | $48485699.80  | 0.89%             | 2032-02-01      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Venezuela Government International Bond                   | VENEZUELA                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | VE        |    37995700 | PA      | $16157508.80  | 0.30%             | 2024-10-13      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Brazilian Government International Bond                   | BRAZIL REP OF                      | CUSIP: 105756CN8<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |    75570000 | PA      | $74018178.36  | 1.35%             | 2056-01-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                     | TURKIYE REP OF                     | CUSIP: 900123DP2<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |    52628000 | PA      | $52693670.80  | 0.96%             | 2032-02-12      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EURO-BUXL 30Y BND Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         -90 | NC      | $43953.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Costa Rica Government International Bond                  | COSTA RICA GOVT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CR        |     4957000 | PA      | $5223790.20   | 0.10%             | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Vale Overseas Ltd                                         | VALE OVERSEAS                      | CUSIP: N/A<br>LEI: 254900BA3U6G5DNV5V04       | Long             | DBT              | CORP              | KY        |     8277000 | PA      | $8159771.52   | 0.15%             | 2056-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | PETROLEOS MEXICA                   | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    23866000 | PA      | $18243492.11  | 0.33%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | KRW/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-467589.67   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Corp Nacional del Cobre de Chile                          | CODELCO INC                        | CUSIP: N/A<br>LEI: 549300UVMBCBCIPSUI70       | Long             | DBT              | CORP              | CL        |     3630000 | PA      | $3591784.70   | 0.07%             | 2033-02-02      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | USD/ZAR FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $186823.02    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                 | IVORY COAST                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CI        |     6100322 | PA      | $5979740.19   | 0.11%             | 2032-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     4248000 | PA      | $984474.00    | 0.02%             | 2020-06-19      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co JSC                               | KAZMUNAYGAS NAT                    | CUSIP: N/A<br>LEI: 2138001H1M69RFJCSH88       | Long             | DBT              | CORP              | KZ        |      807000 | PA      | $751246.63    | 0.01%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                      | UNITED MEXICAN                     | CUSIP: 91087BBC3<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    16071000 | PA      | $16802499.85  | 0.31%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond          | ARGENTINA                          | CUSIP: 040114HW3<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    61187841 | PA      | $41903512.62  | 0.77%             | 2046-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                       | GHANA REP OF                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GH        |    32552576 | PA      | $31051173.07  | 0.57%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                    | COLOMBIA REP OF                    | CUSIP: 195325EV3<br>LEI: N/A                  | Long             | DBT              | NUSS              | CO        |    52616000 | PA      | $51399779.58  | 0.94%             | 2033-01-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SWP: KRW 2.482000 18-JUN-2030 KRW  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 68000000000 | NC      | $-2186792.09  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     3380000 | PA      | $798942.43    | 0.01%             | 2030-02-26      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bond                      | ZAMBIA REP OF                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | ZM        |    48710778 | PA      | $45666422.12  | 0.84%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                 | UZBEK INTL BOND                    | CUSIP: 91824PAD9<br>LEI: N/A                  | Long             | DBT              | NUSS              | UZ        | 78700000000 | PA      | $6744307.34   | 0.12%             | 2028-02-25      | Fixed         | 15.50%                | Yes           |                  2 | On Loan: No      |
| Israel Government International Bond                      | STATE OF ISRAEL                    | CUSIP: 46514BRN9<br>LEI: N/A                  | Long             | DBT              | NUSS              | IL        |     1204000 | PA      | $1219793.64   | 0.02%             | 2029-03-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | US 2YR NOTE (CBT) Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        2354 | NC      | $-2528949.28  | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | US ULTRA BOND CBT Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        1821 | NC      | $-5817278.50  | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Government International Bond                       | SAUDI INT BOND                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | SA        |     6798000 | PA      | $4200375.43   | 0.08%             | 2061-02-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                 | REPUB UZBEKISTAN                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UZ        |    14532000 | PA      | $14342741.04  | 0.26%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bond                     | BAHRAIN                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BH        |    34255000 | PA      | $31099237.57  | 0.57%             | 2037-10-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bond                  | COSTA RICA GOVT                    | CUSIP: ZQ5851725<br>LEI: N/A                  | Long             | DBT              | NUSS              | CR        |     5619000 | PA      | $5743994.66   | 0.11%             | 2031-02-19      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CZK/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $8770.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bahrain Government International Bond                     | BAHRAIN                            | CUSIP: 056909AB0<br>LEI: N/A                  | Long             | DBT              | NUSS              | BH        |    31122000 | PA      | $29197576.11  | 0.53%             | 2038-02-03      | Fixed         | 7.10%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | SWP: PLN 4.800000 17-MAR-2036 WIB  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    72023684 | NC      | $-85482.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3013.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bulgarian Energy Holding EAD                              | BULG ENRGY HLD                     | CUSIP: N/A<br>LEI: 635400E1RWKJXPSBCV07       | Long             | DBT              | CORP              | BG        |    16300000 | PA      | $18469346.71  | 0.34%             | 2030-06-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CZK/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-144642.83   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Trinidad & Tobago Government International Bond           | TRINIDAD&TOBAGO                    | CUSIP: 896292AN9<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |    19200000 | PA      | $18948586.94  | 0.35%             | 2036-01-28      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Kazakhstan Government International Bond                  | KAZAKHSTAN                         | CUSIP: 486661BQ3<br>LEI: N/A                  | Long             | DBT              | NUSS              | KZ        |    53063000 | PA      | $51932333.60  | 0.95%             | 2030-10-28      | Fixed         | 4.41%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | US 10yr Ultra Fut Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         473 | NC      | $-799422.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Colombia Government International Bond                    | COLOMBIA REP OF                    | CUSIP: 195325CU7<br>LEI: N/A                  | Long             | DBT              | NUSS              | CO        |    39837000 | PA      | $28527323.90  | 0.52%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                     | TURKIYE REP OF                     | CUSIP: 900123CT5<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |     7885000 | PA      | $8141548.09   | 0.15%             | 2029-04-26      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SWP: CZK 4.250000 12-MAR-2036 PRI  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   322000000 | NC      | $-340883.68   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OQ SAOC                                                   | OQ SAOC                            | CUSIP: N/A<br>LEI: 549300YK417GKI6EQ392       | Long             | DBT              | CORP              | OM        |     7174000 | PA      | $7156351.24   | 0.13%             | 2028-05-06      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                 | REP OF GUATEMALA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GT        |     3398000 | PA      | $3366205.02   | 0.06%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SWP: BRL 13.400000 02-JAN-2030 BZD | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    89443427 | NC      | $-162656.21   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | ICE: (MEX)                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    56140000 | NC      | $266133.01    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                          | US TREASURY N/B                    | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     6798600 | PA      | $6674578.65   | 0.12%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bond                        | OMAN INTRNL BOND                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | OM        |    84874000 | PA      | $84821794.00  | 1.55%             | 2026-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | US 5YR NOTE (CBT) Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -2636 | NC      | $4125065.81   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |    47736000 | PA      | $47413443.06  | 0.87%             | 2031-07-16      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CAD/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-6428.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                    | COLOMBIA REP OF                    | CUSIP: 195325EA9<br>LEI: N/A                  | Long             | DBT              | NUSS              | CO        |    14320000 | PA      | $9598591.18   | 0.18%             | 2042-02-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: AS8295618<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |     1445000 | PA      | $345553.54    | 0.01%             | 2034-05-17      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Baiterek National Investment Holding JSC                  | BAITEREK NAT INV                   | CUSIP: N/A<br>LEI: 984500B4F78F04253804       | Long             | DBT              | NUSS              | KZ        |     5600000 | PA      | $5627335.84   | 0.10%             | 2028-05-08      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Development Bank of Kazakhstan JSC                        | KAZAKH DEVELOPME                   | CUSIP: N/A<br>LEI: 213800LCDPGJ1BI7KX98       | Long             | DBT              | NUSS              | KZ        |     8996000 | PA      | $9042870.96   | 0.17%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                     | HUNGARY                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    12960000 | PA      | $13255599.46  | 0.24%             | 2028-05-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                     | ECUA 0 7/31/2030                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EC        |    86602794 | PA      | $72394099.01  | 1.33%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bond                      | PANAMA                             | CUSIP: 698299CB8<br>LEI: N/A                  | Long             | DBT              | NUSS              | PA        |    65533000 | PA      | $63466083.28  | 1.16%             | 2034-02-23      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                     | TURKIYE REP OF                     | CUSIP: 900123DT4<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |    66210000 | PA      | $62678888.28  | 1.15%             | 2033-03-14      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | USD C MXN P @19.25000 EO           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |   105215000 | NC      | $370567.23    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                     | HUNGARY                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    14297000 | PA      | $14506140.81  | 0.27%             | 2035-09-26      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Corp Nacional del Cobre de Chile                          | CODELCO INC                        | CUSIP: N/A<br>LEI: 549300UVMBCBCIPSUI70       | Long             | DBT              | CORP              | CL        |    21919000 | PA      | $22397367.05  | 0.41%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2913527.56  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $6930.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pakistan Government International Bond                    | REP OF PAKISTAN                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PK        |     3507000 | PA      | $3122593.17   | 0.06%             | 2036-03-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Benin Government International Bond                       | BENIN INTL BOND                    | CUSIP: 08205QAE8<br>LEI: N/A                  | Long             | DBT              | NUSS              | BJ        |    18460000 | PA      | $18261636.22  | 0.33%             | 2041-01-23      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | MXN/USD FWD 20260513               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1237296.80   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                   | VENEZUELA                          | CUSIP: EI3500440<br>LEI: N/A                  | Long             | DBT              | NUSS              | VE        |     3660000 | PA      | $1837220.45   | 0.03%             | 2022-08-23      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| N/A                                                       | EURO-BOBL FUTURE  Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -1743 | NC      | $2325141.70   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | SWP: PLN 4.400000 19-SEP-2035 WIB  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   105000000 | NC      | $926504.98    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | ICE: (PHILIP)                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |   -36913000 | NC      | $156785.86    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | TRY/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-37959.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                 | IVORY COAST-PDI                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CI        |    15820000 | PA      | $16084404.41  | 0.29%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                     | DOMINICAN REPUBL                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    49159000 | PA      | $48761671.89  | 0.89%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                       | ARAB REP EGYPT                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |    26492000 | PA      | $21563595.22  | 0.39%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                 | PETROLEOS DE VEN                   | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |     7320000 | PA      | $3307983.62   | 0.06%             | 2022-02-17      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| Bulgaria Government International Bond                    | BGARIA-FLIRB-REG                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | BG        |        1000 | PA      | $964.29       | 0.00%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                     | HUNGARY                            | CUSIP: 445545AW6<br>LEI: N/A                  | Long             | DBT              | NUSS              | HU        |    26000000 | PA      | $26356064.28  | 0.48%             | 2035-09-26      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Corp Nacional del Cobre de Chile                          | CODELCO INC                        | CUSIP: N/A<br>LEI: 549300UVMBCBCIPSUI70       | Long             | DBT              | CORP              | CL        |    23288000 | PA      | $24237067.51  | 0.44%             | 2035-01-13      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                      | UNITED MEXICAN                     | CUSIP: 91087BAK6<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    42268000 | PA      | $40620885.36  | 0.74%             | 2032-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bond           | KENYA REP OF                       | CUSIP: 491798AS3<br>LEI: N/A                  | Long             | DBT              | NUSS              | KE        |    70485000 | PA      | $63673679.21  | 1.17%             | 2039-02-26      | Fixed         | 8.70%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | US 10YR NOTE (CBT)Jun26            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        3482 | NC      | $-3717128.72  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Egypt Government International Bond                       | ARAB REP EGYPT                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |     6775000 | PA      | $6252110.24   | 0.11%             | 2031-02-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |     9209000 | PA      | $5431584.23   | 0.10%             | 2030-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     3607000 | PA      | $871992.25    | 0.02%             | 2032-03-23      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bond                   | INDONESIA (REP)                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | ID        |    21938000 | PA      | $24680970.14  | 0.45%             | 2033-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Nova Securitisation Sarl                                  | NOVA SECURITISAT                   | CUSIP: 66984FAA5<br>LEI: 636700QG9R13IDZO4Y16 | Long             | DBT              | CORP              | LU        |    15681000 | PA      | $15186216.94  | 0.28%             | 2031-02-03      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Hungary Government International Bond                     | HUNGARY                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    61000000 | PA      | $69426768.80  | 1.27%             | 2033-05-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | ICE: (TURKEY)                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |  -201151000 | NC      | $-17979186.80 | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |     4500000 | PA      | $5074923.37   | 0.09%             | 2033-06-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                       | ARAB REP EGYPT                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |    12258000 | PA      | $9302565.56   | 0.17%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                   | REP OF SRI LANKA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |     3736056 | PA      | $2845473.65   | 0.05%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                      | UNITED MEXICAN                     | CUSIP: 91087BBE9<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    85071000 | PA      | $85971542.04  | 1.57%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Suriname Government International Bond                    | SURINAME INTL                      | CUSIP: N/A<br>LEI: 254900SYU4G5JM13TN77       | Long             | DBT              | NUSS              | SR        |     9500000 | PA      | $9820554.70   | 0.18%             | 2035-11-06      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CLP/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-510902.77   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond                 | EL SALVADOR REP                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | SV        |    19320000 | PA      | $20112803.73  | 0.37%             | 2030-04-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Empresa Nacional del Petroleo                             | EMPRESA NACIONAL                   | CUSIP: N/A<br>LEI: 549300YP3P0JZBLIV197       | Long             | DBT              | CORP              | CL        |    13408000 | PA      | $13431269.45  | 0.25%             | 2029-11-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Brazilian Government International Bond                   | BRAZIL REP OF                      | CUSIP: 105756CP3<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |    45918000 | PA      | $45061478.23  | 0.82%             | 2033-02-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                   | REP OF SRI LANKA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |     4491683 | PA      | $4155368.24   | 0.08%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-284.43      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morocco Government International Bond                     | MOROCCO KINGDOM                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | MA        |     4457000 | PA      | $3825070.94   | 0.07%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Israel                                           | STATE OF ISRAEL                    | CUSIP: 46513JXM8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     1327000 | PA      | $1216888.70   | 0.02%             | 2030-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Serbia International Bond                                 | SERBIA REPUBLIC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RS        |    19611000 | PA      | $16909347.46  | 0.31%             | 2030-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                    | PARAGUAY                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PY        |     2656000 | PA      | $2658563.52   | 0.05%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marcobre SAC                                              | MARCOBRE SAC                       | CUSIP: 56625AAA2<br>LEI: 254900BORIUZFCM1XB72 | Long             | DBT              | CORP              | PE        |    16250000 | PA      | $15687478.46  | 0.29%             | 2036-01-22      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | ICE: (SOAF)                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    -1758000 | NC      | $-78993.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | ICE: (INDON)                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |   -42411000 | NC      | $-31628.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | CAD/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-11.43       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                      | UNITED MEXICAN                     | CUSIP: 91087BBS8<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    35602000 | PA      | $34456478.95  | 0.63%             | 2056-02-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Suriname Government International Bond                    | SURINAME INTL                      | CUSIP: 86886PAF9<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |    16960000 | PA      | $17532274.50  | 0.32%             | 2035-11-06      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Israel Government International Bond                      | STATE OF ISRAEL                    | CUSIP: 46514Y8A8<br>LEI: N/A                  | Long             | DBT              | NUSS              | IL        |     6770000 | PA      | $6868401.41   | 0.13%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                      | UNITED MEXICAN                     | CUSIP: 91087BBR0<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    17964000 | PA      | $17533843.22  | 0.32%             | 2038-02-09      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |     4850000 | PA      | $2248085.58   | 0.04%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | PETROLEOS MEXICA                   | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     4160000 | PA      | $4198003.01   | 0.08%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond          | ARGENTINA                          | CUSIP: 040114HS2<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |   127475113 | PA      | $106664169.77 | 1.95%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                      | UNITED MEXICAN                     | CUSIP: 91087BBK5<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    68097000 | PA      | $66444785.64  | 1.22%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | HUF/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-14489.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | SWP: BRL 12.804000 02-JAN-2029 BZD | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   208065000 | NC      | $-1088097.45  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                          | US TREASURY N/B                    | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    11695000 | PA      | $8316241.41   | 0.15%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Magyar Export-Import Bank Zrt                             | MAGYAR EXPORT-IM                   | CUSIP: N/A<br>LEI: 529900O4UGETQ9Q3AA63       | Long             | DBT              | NUSS              | HU        |     8868000 | PA      | $10738351.53  | 0.20%             | 2029-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                     | HUNGARY                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    39394000 | PA      | $47764662.67  | 0.87%             | 2033-09-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                     | HUNGARY                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    69965000 | PA      | $71164221.09  | 1.30%             | 2055-09-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                   | REP OF SRI LANKA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |    28125585 | PA      | $25178501.83  | 0.46%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                 | REP OF GUATEMALA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GT        |     4417000 | PA      | $4498076.24   | 0.08%             | 2031-08-06      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                       | ARAB REP EGYPT                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |    20509000 | PA      | $17957165.62  | 0.33%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                 | PETROLEOS DE VEN                   | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |    10700000 | PA      | $4424807.06   | 0.08%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: AQ5804622<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |     4967000 | PA      | $1190012.24   | 0.02%             | 2031-11-20      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SWP: KRW 2.382000 18-JUN-2030 KRW  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 26000000000 | NC      | $-903333.52   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |     2100000 | PA      | $1081762.50   | 0.02%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Comision Ejecutiva Hidroelectrica del Rio Lempa           | COMISIO RIO LEMP                   | CUSIP: N/A<br>LEI: 254900YU43PQQ27Q0E71       | Long             | DBT              | CORP              | SV        |     6796000 | PA      | $6993242.01   | 0.13%             | 2033-01-24      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | PETROLEOS MEXICA                   | CUSIP: 71654QBX9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |        1000 | PA      | $729.97       | 0.00%             | 2046-01-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-620.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |    11070000 | PA      | $2595129.03   | 0.05%             | 2025-02-26      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2176771.78  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | SCDS: (TURKEY)                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |   -14440000 | NC      | $-109754.43   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |     6930000 | PA      | $6920731.13   | 0.13%             | 2030-09-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                     | REPUBLIC OF ECUA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EC        |    27446000 | PA      | $24184336.57  | 0.44%             | 2035-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | USD/ZAR FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $718001.81    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Benin Government International Bond                       | BENIN INTL BOND                    | CUSIP: 08205QAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | BJ        |     4240000 | PA      | $4162180.74   | 0.08%             | 2038-02-13      | Fixed         | 7.96%                 | Yes           |                  2 | On Loan: No      |
| Venezuela Government International Bond                   | VENEZUELA                          | CUSIP: 922646BL7<br>LEI: N/A                  | Long             | DBT              | NUSS              | VE        |    17160000 | PA      | $7934513.90   | 0.15%             | 2034-01-13      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bond                     | HUNGARY                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | HU        |    18810000 | PA      | $18856671.37  | 0.35%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                     | REP OF NIGERIA                     | CUSIP: AV6717814<br>LEI: N/A                  | Long             | DBT              | NUSS              | NG        |    24010000 | PA      | $25409470.87  | 0.47%             | 2031-01-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                     | DOMINICAN REPUBL                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    21492000 | PA      | $20923451.49  | 0.38%             | 2033-02-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republic of Azerbaijan International Bond                 | REPUBLIC OF AZER                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | AZ        |    25235000 | PA      | $23192433.68  | 0.42%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GDZ ELEKTRIK DAGITIM AS                                   | GDZ ELEKTRIK DA                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | TR        |     7137000 | PA      | $6749157.58   | 0.12%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                     | DOMINICAN REPUBL                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    73208000 | PA      | $69572891.17  | 1.27%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund         | Vanguard Market Liquidity Fund     | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |   208120331 | NS      | $208099519.17 | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | CZK/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-5913.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                   | REP OF SRI LANKA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |     7761820 | PA      | $7180653.73   | 0.13%             | 2030-01-15      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |     2800000 | PA      | $3281432.01   | 0.06%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                    | PARAGUAY                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PY        |    20775000 | PA      | $21560048.61  | 0.39%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                     | REPUBLIC OF ECUA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EC        |    18607000 | PA      | $14581353.22  | 0.27%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | FSWP: CZK 4.465000 17-JUN-2036 PRI | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    77240000 | NC      | $-27217.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                     | REP OF NIGERIA                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | NG        |     6878000 | PA      | $7161493.28   | 0.13%             | 2036-01-13      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                    | SBSN INDO III                      | CUSIP: N/A<br>LEI: 254900G208H6Q0L5B953       | Long             | DBT              | NUSS              | ID        |    13950000 | PA      | $14107623.42  | 0.26%             | 2029-07-02      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                    | PARAGUAY                           | CUSIP: 699149BY5<br>LEI: N/A                  | Long             | DBT              | NUSS              | PY        |     8587000 | PA      | $8911486.76   | 0.16%             | 2055-03-04      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Costa Rica Government International Bond                  | COSTA RICA GOVT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CR        |    15000000 | PA      | $15805540.50  | 0.29%             | 2044-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ADM Elektrik Dagitim AS                                   | ADM ELEKTRIK                       | CUSIP: 00710QAA1<br>LEI: 984500CB836F7EC9CF60 | Long             | DBT              | CORP              | TR        |     5696000 | PA      | $5433753.20   | 0.10%             | 2031-02-05      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                 | UZBEK INTL BOND                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UZ        |    46485000 | PA      | $48656811.74  | 0.89%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd                          | GALAXY PIPELINE                    | CUSIP: N/A<br>LEI: 549300L82YB0C6JQIC26       | Long             | DBT              | CORP              | JE        |    29788754 | PA      | $26371877.01  | 0.48%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1996.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                          | US TREASURY N/B                    | CUSIP: 91282CHW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     9097000 | PA      | $9167714.98   | 0.17%             | 2030-08-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | ICE: (BRAZIL)                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    -7296000 | NC      | $-134176.52   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2022.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                 | REP OF GUATEMALA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GT        |    14547000 | PA      | $15561321.58  | 0.28%             | 2032-10-04      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                     | DOMINICAN REPUBL                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    48426000 | PA      | $44607200.70  | 0.82%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Azule Energy Finance Plc                                  | AZULE ENERGY FIN                   | CUSIP: 05501YAB4<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    12270000 | PA      | $12377007.41  | 0.23%             | 2031-01-22      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Petroleos del Peru SA                                     | PETROLEOS DEL PE                   | CUSIP: N/A<br>LEI: 549300ZMGDLC9JT2OR80       | Long             | DBT              | CORP              | PE        |    21132000 | PA      | $16724371.12  | 0.31%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Oryx Funding Ltd                                          | ORYX FUNDING                       | CUSIP: N/A<br>LEI: 549300S728CF0BBRC295       | Long             | DBT              | CORP              | KY        |     9247000 | PA      | $9377964.34   | 0.17%             | 2031-02-03      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |    17357000 | PA      | $8048541.57   | 0.15%             | 2036-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |    18400430 | PA      | $9800529.03   | 0.18%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |     6634000 | PA      | $7614790.14   | 0.14%             | 2031-09-24      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                               | PETROBRAS GLOB                     | CUSIP: 71647NBM0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |     8101000 | PA      | $7930190.74   | 0.15%             | 2030-09-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Serbia International Bond                                 | SERBIA REPUBLIC                    | CUSIP: AZ2286302<br>LEI: N/A                  | Long             | DBT              | NUSS              | RS        |    41588000 | PA      | $43859077.12  | 0.80%             | 2029-06-26      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |     2430000 | PA      | $586403.47    | 0.01%             | 2021-04-12      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |    35962000 | PA      | $41914436.67  | 0.77%             | 2031-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bond                  | COSTA RICA GOVT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CR        |    17735000 | PA      | $19225330.93  | 0.35%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bond                   | REP OF SRI LANKA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LK        |     2037350 | PA      | $1946593.32   | 0.04%             | 2028-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Oman Government International Bond                        | OMAN INTRNL BOND                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | OM        |    14360000 | PA      | $14518678.00  | 0.27%             | 2028-01-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                     | REPUBLIC OF ECUA                   | CUSIP: 27927WAR3<br>LEI: N/A                  | Long             | DBT              | NUSS              | EC        |     4402000 | PA      | $4320883.47   | 0.08%             | 2039-01-29      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | CZK/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1058.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KazMunayGas National Co JSC                               | KAZMUNAYGAS NAT                    | CUSIP: N/A<br>LEI: 2138001H1M69RFJCSH88       | Long             | DBT              | CORP              | KZ        |     1354000 | PA      | $1344691.25   | 0.02%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                     | REP OF NIGERIA                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | NG        |    11000000 | PA      | $11148087.50  | 0.20%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |    17125000 | PA      | $18923381.93  | 0.35%             | 2045-10-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                     | REP OF NIGERIA                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | NG        |     3403000 | PA      | $3324773.54   | 0.06%             | 2033-09-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| State of Israel                                           | STATE OF ISRAEL                    | CUSIP: N/A<br>LEI: 213800T8ZHTFZIBYPE21       | Long             | DBT              | NUSS              | IL        |    38600000 | PA      | $24954645.24  | 0.46%             | 2060-05-13      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bond                        | OMAN INTRNL BOND                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | OM        |     6646000 | PA      | $6829119.90   | 0.13%             | 2027-10-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | SCDS: (MALAYS)                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    14053000 | NC      | $-345084.40   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond                 | EL SALVADOR REP                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | SV        |    20187000 | PA      | $21421899.75  | 0.39%             | 2054-11-21      | Fixed         | 9.65%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bond                        | OMAN INTRNL BOND                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | OM        |    17170000 | PA      | $17244136.63  | 0.32%             | 2027-03-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | MXN/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7289.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | SWP: PLN 4.415000 18-JUN-2035 WIB  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    32000000 | NC      | $260614.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Israel Government International Bond                      | STATE OF ISRAEL                    | CUSIP: 46515CJY1<br>LEI: N/A                  | Long             | DBT              | NUSS              | IL        |    41260000 | PA      | $40420670.93  | 0.74%             | 2031-01-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                   | VENEZUELA                          | CUSIP: EF1877168<br>LEI: N/A                  | Long             | DBT              | NUSS              | VE        |    12249000 | PA      | $4664108.32   | 0.09%             | 2020-12-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bond                     | TURKIYE REP OF                     | CUSIP: 900123CB4<br>LEI: N/A                  | Long             | DBT              | NUSS              | TR        |    74251000 | PA      | $52037987.68  | 0.95%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                     | DOMINICAN REPUBL                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    24909000 | PA      | $25086177.22  | 0.46%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                          | US TREASURY N/B                    | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    32500000 | PA      | $28818359.38  | 0.53%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | PLN/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $759.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pakistan Government International Bond                    | REP OF PAKISTAN                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PK        |     5350000 | PA      | $4779434.81   | 0.09%             | 2051-04-08      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                            | BRASKEM NL                         | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |     1979000 | PA      | $924353.10    | 0.02%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                          | US TREASURY N/B                    | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    19521000 | PA      | $15631288.29  | 0.29%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Export-Import Bank of India                               | EX-IM BK OF IN                     | CUSIP: 30218VAB2<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |    30915000 | PA      | $30255620.77  | 0.55%             | 2036-01-12      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | SWP: CZK 3.588500 18-SEP-2030 PRI  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  1090525000 | NC      | $-1611768.01  | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: 903724CF7<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |     4562616 | PA      | $2117026.27   | 0.04%             | 2035-02-01      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Indonesia Government International Bond                   | INDONESIA (REP)                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | ID        |     5180000 | PA      | $4808606.32   | 0.09%             | 2033-03-12      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | PETROLEOS MEXICA                   | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   132616003 | PA      | $139420141.55 | 2.55%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CLP/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $282241.24    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                 | PETROLEOS DE VEN                   | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |    12925000 | PA      | $4426879.45   | 0.08%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bond                     | MOROCCO KINGDOM                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | MA        |    23699000 | PA      | $16281537.68  | 0.30%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                      | UNITED MEXICAN                     | CUSIP: 91087BBD1<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |     6740000 | PA      | $7080006.98   | 0.13%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | MXN/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $196226.23    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond          | ARGENTINA                          | CUSIP: 040114HX1<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    11824148 | PA      | $10358251.73  | 0.19%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                       | GHANA REP OF                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GH        |     2434256 | PA      | $2386952.08   | 0.04%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Guatemala Government Bond                                 | REP OF GUATEMALA                   | CUSIP: ZS8419047<br>LEI: N/A                  | Long             | DBT              | NUSS              | GT        |    41581000 | PA      | $40905099.60  | 0.75%             | 2030-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bond                      | JORDAN                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | JO        |    21591000 | PA      | $22083255.37  | 0.40%             | 2028-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                          | US TREASURY N/B                    | CUSIP: 91282CLU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    18000000 | PA      | $18094218.66  | 0.33%             | 2031-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                    | COLOMBIA REP OF                    | CUSIP: 195325DT9<br>LEI: N/A                  | Long             | DBT              | NUSS              | CO        |    21080000 | PA      | $12735478.84  | 0.23%             | 2051-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | PERUSAHAAN LISTR                   | CUSIP: 71568QAJ6<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |     3000000 | PA      | $2874857.91   | 0.05%             | 2029-07-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: AS8296236<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |     1445000 | PA      | $347296.94    | 0.01%             | 2033-05-17      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| Nova Securitisation Sarl                                  | NOVA SECURITISAT                   | CUSIP: 66984FAB3<br>LEI: 636700QG9R13IDZO4Y16 | Long             | DBT              | CORP              | LU        |    14537000 | PA      | $13872736.73  | 0.25%             | 2036-02-03      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: EI1537204<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |    16563000 | PA      | $3838475.25   | 0.07%             | 2020-03-09      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                          | US TREASURY N/B                    | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   219432400 | PA      | $190297605.40 | 3.48%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $8980.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Latvia Government International Bond                      | REP OF LATVIA                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LV        |    38805000 | PA      | $38922357.96  | 0.71%             | 2034-07-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $189226.64    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                      | UNITED MEXICAN                     | CUSIP: 91087BBP4<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    24446000 | PA      | $27223748.54  | 0.50%             | 2038-03-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                    | OCP SA                             | CUSIP: N/A<br>LEI: 213800D26TAPVTCVWG40       | Long             | DBT              | CORP              | MA        |    20561000 | PA      | $20895393.82  | 0.38%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                       | ARAB REP EGYPT                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |    27455000 | PA      | $26401927.78  | 0.48%             | 2032-05-29      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | PETROLEOS MEXICA                   | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     8950000 | PA      | $7040574.78   | 0.13%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |     3026000 | PA      | $3011149.00   | 0.06%             | 2034-01-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CZK/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-103227.70   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pakistan Government International Bond                    | REP OF PAKISTAN                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PK        |    17812000 | PA      | $17556860.91  | 0.32%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                    | ROMANIA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | RO        |    30460000 | PA      | $27680053.75  | 0.51%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                          | COMISION FEDERAL                   | CUSIP: QZ7462430<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     3794200 | PA      | $3544689.61   | 0.06%             | 2036-09-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                 | PETROLEOS DE VEN                   | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |    10075476 | PA      | $3491518.68   | 0.06%             | 2024-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bond                 | EL SALVADOR REP                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | SV        |     1996000 | PA      | $2080228.96   | 0.04%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                 | PETROLEOS DE VEN                   | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |     7320000 | PA      | $2824895.24   | 0.05%             | 2021-11-17      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                 | UZBEK INTL BOND                    | CUSIP: 91822QVX2<br>LEI: N/A                  | Long             | DBT              | NUSS              | UZ        |    10210000 | PA      | $10665767.05  | 0.20%             | 2028-10-12      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: 903724CC4<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |    29732868 | PA      | $15289992.98  | 0.28%             | 2036-02-01      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond    | SOUTH AFRICA                       | CUSIP: 836205BB9<br>LEI: N/A                  | Long             | DBT              | NUSS              | ZA        |    69884000 | PA      | $53934084.66  | 0.99%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                   | VENEZUELA                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | VE        |     8436500 | PA      | $4298635.67   | 0.08%             | 2026-10-21      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                     | DOMINICAN REPUBL                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | DO        |    56389000 | PA      | $58343560.03  | 1.07%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bond                    | REP OF PAKISTAN                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PK        |    19960000 | PA      | $18692540.00  | 0.34%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Venezuela Government International Bond                   | VENEZUELA                          | CUSIP: EH3345228<br>LEI: N/A                  | Long             | DBT              | NUSS              | VE        |     7030600 | PA      | $3199019.53   | 0.06%             | 2028-05-07      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                 | PETROLEOS DE VEN                   | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |     3360000 | PA      | $1124676.00   | 0.02%             | 2037-04-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bond                  | COSTA RICA GOVT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CR        |    19600000 | PA      | $20872477.47  | 0.38%             | 2045-03-12      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LB        |    17803000 | PA      | $4144420.90   | 0.08%             | 2024-04-22      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | USD/ZAR FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $21524.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OmGrid Funding Ltd                                        | OMGRID FUNDING L                   | CUSIP: AN4253836<br>LEI: 549300L1HIVZ83RMAP18 | Long             | DBT              | CORP              | KY        |    17552000 | PA      | $17564598.83  | 0.32%             | 2027-05-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                    | PARAGUAY                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PY        |     3600000 | PA      | $3706837.13   | 0.07%             | 2033-08-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Finance Department Government of Sharjah                  | FIN DEPT SHARJAH                   | CUSIP: N/A<br>LEI: 254900ZNL8O3F1CLJO24       | Long             | DBT              | NUSS              | AE        |     3400000 | PA      | $2908304.58   | 0.05%             | 2033-03-10      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | PETROLEOS MEXICA                   | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     8845000 | PA      | $8861962.06   | 0.16%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: 903724CD2<br>LEI: N/A                  | Long             | DBT              | NUSS              | UA        |     2546827 | PA      | $1490362.64   | 0.03%             | 2030-02-01      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: EJ4558007<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |    17460000 | PA      | $4074331.16   | 0.07%             | 2023-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Corp Nacional del Cobre de Chile                          | CODELCO INC                        | CUSIP: N/A<br>LEI: 549300UVMBCBCIPSUI70       | Long             | DBT              | CORP              | CL        |     3632000 | PA      | $3403211.13   | 0.06%             | 2029-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Uzbekneftegaz JSC                                         | UZBEKNEFTEGAZ                      | CUSIP: N/A<br>LEI: 213800LUZJZFLJD4MJ51       | Long             | DBT              | CORP              | UZ        |    10434000 | PA      | $9979843.46   | 0.18%             | 2028-11-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond    | SOUTH AFRICA                       | CUSIP: 836205BJ2<br>LEI: N/A                  | Long             | DBT              | NUSS              | ZA        |    55830000 | PA      | $50982382.15  | 0.93%             | 2055-12-11      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa Government International Bond    | SOUTH AFRICA                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | ZA        |     9195000 | PA      | $8414227.72   | 0.15%             | 2055-12-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4110.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                      | UNITED MEXICAN                     | CUSIP: 91087BAN0<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |    28573000 | PA      | $17004593.20  | 0.31%             | 2061-05-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | FSWP: HUF 7.085 19-MAR-2036 BUB    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 29403352692 | NC      | $33725.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2294.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                     | REP OF NIGERIA                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | NG        |    17691000 | PA      | $18603027.66  | 0.34%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1209.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Indonesia Government International Bond                   | INDONESIA (REP)                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | ID        |    98160000 | PA      | $108166360.26 | 1.98%             | 2033-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |    10815000 | PA      | $7830631.03   | 0.14%             | 2032-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $4511.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                    | SBSN INDO III                      | CUSIP: 71567RBG0<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    35035000 | PA      | $34401382.92  | 0.63%             | 2030-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Philippine Government International Bond                  | PHILIPPINES(REP)                   | CUSIP: 718286CT2<br>LEI: N/A                  | Long             | DBT              | NUSS              | PH        |     3445000 | PA      | $3550434.26   | 0.06%             | 2033-04-13      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                       | ARAB REP EGYPT                     | CUSIP: ZQ5986240<br>LEI: N/A                  | Long             | DBT              | NUSS              | EG        |    26387000 | PA      | $21536330.56  | 0.39%             | 2059-11-20      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| Ciudad Autonoma De Buenos Aires/Government Bonds          | CITY OF BUENOS                     | CUSIP: LW2239967<br>LEI: 5299007MC8RF52X0ON96 | Long             | DBT              | NUSS              | AR        |     2700135 | PA      | $2721207.66   | 0.05%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bond                      | PANAMA                             | CUSIP: 698299BN3<br>LEI: N/A                  | Long             | DBT              | NUSS              | PA        |    97079000 | PA      | $79775232.28  | 1.46%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bond                       | SAUDI INT BOND                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | SA        |    23432000 | PA      | $22314848.94  | 0.41%             | 2056-01-12      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | EUR/USD FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7512.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                    | PARAGUAY                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | PY        |    57148000 | PA      | $56929224.88  | 1.04%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                     | LEBANESE REP                       | CUSIP: EI4629115<br>LEI: N/A                  | Long             | DBT              | NUSS              | LB        |    15772000 | PA      | $3677191.33   | 0.07%             | 2022-10-04      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | USD/ZAR FWD 20260617               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-12264.33    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Development Bank of Kazakhstan JSC                        | KAZAKH DEVELOPME                   | CUSIP: N/A<br>LEI: 213800LCDPGJ1BI7KX98       | Long             | DBT              | NUSS              | KZ        |  3450000000 | PA      | $7184668.77   | 0.13%             | 2026-05-06      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                     | UKRAINE GOVT                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | UA        |     9810000 | PA      | $4223163.80   | 0.08%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                     | REP OF NIGERIA                     | CUSIP: 65412AFF4<br>LEI: N/A                  | Long             | DBT              | NUSS              | NG        |    27893000 | PA      | $28990900.84  | 0.53%             | 2036-01-13      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| Egypt Government International Bond                       | ARAB REP EGYPT                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | EG        |     2985000 | PA      | $3001008.26   | 0.05%             | 2027-01-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** VANGUARD MALVERN FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer