# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-25-150696
**Filing Date:** 2025-6
**Character Count:** 108549
**Document Hash:** 60087946144988613599c952cbd949c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-150696.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001752724-25-150696

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 251063742

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20211220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20080616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL INVESTORS FUND INC
- **DATE OF NAME CHANGE:** 20001012

## Series and Classes Contracts Data

### Finisterre Emerging Markets Total Return Bond Fund (Series ID: S000054330)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000170736 | Institutional Class | PFUMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Principal Funds, Inc

- **b. Investment Company Act file number:** 811-07572

- **c. CIK number of Registrant:** 0000898745

- **d. LEI of Registrant:** 549300HZGBXSW6DSXF23

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

  - **Street Address 1:** 801 Grand Ave

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

  - **Telephone number:** 515-235-1719

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

- **a. Name of Series:** Finisterre Emerging Markets Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000054330

- **c. LEI of Series:** 549300MNS2JZWUXHD778

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $667891491.44

**Total Liabilities:** $13880281.14

**Net Assets:** $654011210.30

**Cash Not Reported:** $16712633.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -112.68450000 | **1-Year:** 938.30000000 | **5-Year:** 15493.04230000 | **10-Year:** 8261.72150000 | **30-Year:** 2343.34400000

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

- **3-Month:** -732.84860000 | **1-Year:** 6102.27470000 | **5-Year:** 100759.66800000 | **10-Year:** 53730.46200000 | **30-Year:** 15240.03850000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000170736 | 1.34%                | -0.59%               | 1.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2843751.33              | $4671202.10                                |
| Month 2  | $5607890.58              | $-7498739.65                               |
| Month 3  | $-3961662.34             | $155704.17                                 |

**Designated Index Information**

- **Index Name:** Finisterre Emerging Markets Total Return Bond Blended Index_TLB

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $50430.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Letra Del Tesoro Nacional Capitalizable En Pesos                                            | Letra Del Tesoro Nacional Capitalizable En Pesos                                            | CUSIP: YU0839370<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |  2492100000 | PA      | $2200907.59   | 0.34%             | 2025-07-31      | Fixed         | 62.76%                | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                      | Standard Chartered PLC                                                                      | CUSIP: 853254DC1<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     1600000 | PA      | $1624996.45   | 0.25%             | 2035-05-14      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| Tengizchevroil Finance Co International Ltd                                                 | Tengizchevroil Finance Co International Ltd                                                 | CUSIP: N/A<br>LEI: 5493001VEV2XTJIBZH31       | Long             | DBT              | CORP              | BM        |     3115000 | PA      | $3054335.38   | 0.47%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                                                     | Sasol Financing USA LLC                                                                     | CUSIP: U8035UAA0<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1588500.00   | 0.24%             | 2027-11-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                                                       | Ecuador Government International Bond                                                       | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |    12163268 | PA      | $7294469.09   | 1.12%             | 2035-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    78600000 | OU      | $62804.13     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                                         | Petroleos Mexicanos                                                                         | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3475000 | PA      | $3211989.76   | 0.49%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                                                         | Ghana Government International Bond                                                         | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     3771135 | PA      | $2866439.71   | 0.44%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                                                     | Sasol Financing USA LLC                                                                     | CUSIP: N/A<br>LEI: 549300XRB1PFMESFEL85       | Long             | DBT              | CORP              | US        |      325000 | PA      | $307942.99    | 0.05%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                                                       | Dominican Republic International Bond                                                       | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | DO        |     6500000 | PA      | $6044350.00   | 0.92%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $171342.15    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     3300000 | OU      | $-32779.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  3036000000 | NC      | $98374.38     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   157200000 | OU      | $125608.26    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Argentine Republic Government International Bond                                            | Argentine Republic Government International Bond                                            | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    10250000 | PA      | $6835559.05   | 1.05%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                                                     | Sasol Financing USA LLC                                                                     | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1231966.71   | 0.19%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    20400000 | OU      | $-224445.25   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3595.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-53315.79    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                                                       | Nigeria Government International Bond                                                       | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |     6650000 | PA      | $5983337.50   | 0.91%             | 2028-09-28      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government Bond                                                          | Republic of Poland Government Bond                                                          | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |    41805613 | PA      | $9987292.70   | 1.53%             | 2036-08-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Kingston Airport Revenue Finance Ltd                                                        | Kingston Airport Revenue Finance Ltd                                                        | CUSIP: 49647QAA6<br>LEI: 254900SK2YRR95AVHU30 | Long             | DBT              | CORP              | KY        |     3675000 | PA      | $3632737.50   | 0.56%             | 2036-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $221653.21    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     3300000 | OU      | $-35472.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| IHS Holding Ltd                                                                             | IHS Holding Ltd                                                                             | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     4225000 | PA      | $4072971.83   | 0.62%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BOI Finance BV                                                                              | BOI Finance BV                                                                              | CUSIP: N/A<br>LEI: 724500ZH3H2YACBUNF38       | Long             | DBT              | CORP              | NL        |     5105000 | PA      | $5670469.27   | 0.87%             | 2027-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   355300000 | OU      | $283897.04    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Mercantil del Norte SA/Grand Cayman                                                   | Banco Mercantil del Norte SA/Grand Cayman                                                   | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     2225000 | PA      | $2190349.41   | 0.33%             | N/A             | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development                                         | International Bank for Reconstruction & Development                                         | CUSIP: N/A<br>LEI: ZTMSNXROF84AHWJNKQ93       | Long             | DBT              | CORP              | XX        |   292500000 | PA      | $3434056.55   | 0.53%             | 2030-04-17      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                                                      | Colombia Government International Bond                                                      | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     8125000 | PA      | $7909388.91   | 1.21%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                                                      | Romanian Government International Bond                                                      | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     4450000 | PA      | $4824510.10   | 0.74%             | 2031-09-24      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Israel Discount Bank Ltd                                                                    | Israel Discount Bank Ltd                                                                    | CUSIP: N/A<br>LEI: 549300XWZ7BG5G23OF51       | Long             | DBT              | CORP              | IL        |     1550000 | PA      | $1552635.00   | 0.24%             | 2028-01-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    16400000 | OU      | $-166930.27   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     2033187 | PA      | $1000002.69   | 0.15%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-121895.77   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Mexican Bonos                                                                               | Mexican Bonos                                                                               | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |   131000000 | PA      | $5484224.27   | 0.84%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Acu Petroleo Luxembourg Sarl                                                                | Acu Petroleo Luxembourg Sarl                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |     4682413 | PA      | $4703048.14   | 0.72%             | 2035-07-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                                                       | Dominican Republic International Bond                                                       | CUSIP: 25714PFA1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    86150000 | PA      | $1481000.68   | 0.23%             | 2036-06-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Southern Gas Corridor CJSC                                                                  | Southern Gas Corridor CJSC                                                                  | CUSIP: N/A<br>LEI: 213800DG58KG59XY6318       | Long             | DBT              | CORP              | AZ        |     2475000 | PA      | $2499750.00   | 0.38%             | 2026-03-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Colombian TES                                                                               | Colombian TES                                                                               | CUSIP: YP3932751<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 25875000000 | PA      | $6092817.06   | 0.93%             | 2040-11-28      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| Pakistan Government International Bond                                                      | Pakistan Government International Bond                                                      | CUSIP: N/A<br>LEI: 529900LOP29R5WKHOD86       | Long             | DBT              | NUSS              | PK        |     8550000 | PA      | $7509225.60   | 1.15%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $890.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                                                         | Egypt Government International Bond                                                         | CUSIP: M1487WDG7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     2575000 | PA      | $2191788.50   | 0.34%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  3547145233 | NC      | $-67535.89    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1787.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-270187.87   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                                                         | Egypt Government International Bond                                                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |     1275000 | PA      | $877837.50    | 0.13%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Aegea Finance Sarl                                                                          | Aegea Finance Sarl                                                                          | CUSIP: N/A<br>LEI: 213800V6WTKUT1XWIZ47       | Long             | DBT              | CORP              | LU        |      250000 | PA      | $260782.75    | 0.04%             | 2031-01-20      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   157200000 | OU      | $125608.26    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $50764.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                                                   | Petroleos de Venezuela SA                                                                   | CUSIP: P7807HAR6<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     8500000 | PA      | $986000.00    | 0.15%             | 2026-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  2777075000 | NC      | $-49792.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners Colombia SAS | ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners Colombia SAS | CUSIP: 00193BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     5925000 | PA      | $5907767.73   | 0.90%             | 2030-02-03      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| Republic of Poland Government Bond                                                          | Republic of Poland Government Bond                                                          | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |    24800000 | PA      | $6461062.25   | 0.99%             | 2034-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Telecommunications co Telekom Srbija AD Belgrade                                            | Telecommunications co Telekom Srbija AD Belgrade                                            | CUSIP: 87945BAA8<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | CORP              | RS        |     2250000 | PA      | $2230506.00   | 0.34%             | 2029-10-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Egypt Treasury Bills                                                                        | Egypt Treasury Bills                                                                        | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   143900000 | PA      | $2536051.13   | 0.39%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     8500000 | OU      | $-620850.36   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| VEON Holdings BV                                                                            | VEON Holdings BV                                                                            | CUSIP: N/A<br>LEI: 5493000XDKGUH5NQGE22       | Long             | DBT              | CORP              | NL        |     4225000 | PA      | $3789106.75   | 0.58%             | 2027-11-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco Sarl                                                              | Greensaif Pipelines Bidco Sarl                                                              | CUSIP: 39541EAA1<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     1025000 | PA      | $1046684.89   | 0.16%             | 2038-02-23      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Israel Government International Bond                                                        | Israel Government International Bond                                                        | CUSIP: 46514Y8B6<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     9175000 | PA      | $9113527.50   | 1.39%             | 2035-02-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                      | Standard Chartered PLC                                                                      | CUSIP: G84228GH5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      700000 | PA      | $710935.95    | 0.11%             | 2035-05-14      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| Mexican Bonos                                                                               | Mexican Bonos                                                                               | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |   175000000 | PA      | $8126985.54   | 1.24%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Energean Israel Finance Ltd                                                                 | Energean Israel Finance Ltd                                                                 | CUSIP: 29290WAA5<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     4965000 | PA      | $4971702.75   | 0.76%             | 2033-09-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    26100000 | OU      | $-903818.45   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Vedanta Resources Finance II PLC                                                            | Vedanta Resources Finance II PLC                                                            | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     4700000 | PA      | $4319491.81   | 0.66%             | 2030-07-24      | Fixed         | 9.48%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                                                       | Ecuador Government International Bond                                                       | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |     3200000 | PA      | $1668416.00   | 0.26%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bond                                                       | Nigeria Government International Bond                                                       | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |     4175000 | PA      | $3661683.75   | 0.56%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7916.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aeropuertos Dominicanos Siglo XXI SA                                                        | Aeropuertos Dominicanos Siglo XXI SA                                                        | CUSIP: 007866AE6<br>LEI: 254900KJA5MXNPYB4W32 | Long             | DBT              | CORP              | DO        |     2600000 | PA      | $2640612.00   | 0.40%             | 2034-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1700.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tengizchevroil Finance Co International Ltd                                                 | Tengizchevroil Finance Co International Ltd                                                 | CUSIP: G87602AC5<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | CORP              | BM        |     4350000 | PA      | $3791886.30   | 0.58%             | 2030-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Peruvian Government International Bond                                                      | Peruvian Government International Bond                                                      | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |    13725000 | PA      | $3698096.75   | 0.57%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $54315.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-71919.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa Government Bond                                                    | Republic of South Africa Government Bond                                                    | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |   214300000 | PA      | $10331335.57  | 1.58%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| FS Luxembourg Sarl                                                                          | FS Luxembourg Sarl                                                                          | CUSIP: 30315XAC8<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |     4950000 | PA      | $4976170.65   | 0.76%             | 2031-02-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Aegea Finance Sarl                                                                          | Aegea Finance Sarl                                                                          | CUSIP: 00775CAC0<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |     3200000 | PA      | $3338019.20   | 0.51%             | 2031-01-20      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: N/A<br>LEI: 529900QPC4K9S1KHL354       | Long             | DBT              | NUSS              | LB        |     1325000 | PA      | $226840.00    | 0.03%             | 2027-11-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    99400000 | OU      | $15704.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                                                         | Egypt Government International Bond                                                         | CUSIP: 03846JAH3<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     1650000 | PA      | $1573968.00   | 0.24%             | 2030-02-04      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Energo-Pro AS                                                                               | Energo-Pro AS                                                                               | CUSIP: N/A<br>LEI: 315700IQCL9IX158RO36       | Long             | DBT              | CORP              | CZ        |     1950000 | PA      | $1957302.05   | 0.30%             | 2027-02-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd                                                            | Galaxy Pipeline Assets Bidco Ltd                                                            | CUSIP: N/A<br>LEI: 549300L82YB0C6JQIC26       | Long             | DBT              | CORP              | JE        |     1898161 | PA      | $1669529.55   | 0.26%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                                         | Petroleos Mexicanos                                                                         | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     4025000 | PA      | $3932672.94   | 0.60%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |     1337999 | PA      | $667260.10    | 0.10%             | 2035-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: N/A<br>LEI: 529900QPC4K9S1KHL354       | Long             | DBT              | NUSS              | LB        |      900000 | PA      | $153000.00    | 0.02%             | 2022-10-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M87883CZ1<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     2750000 | PA      | $467500.00    | 0.07%             | 2020-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Energean Israel Finance Ltd                                                                 | Energean Israel Finance Ltd                                                                 | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |     4300000 | PA      | $4048020.00   | 0.62%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puma International Financing SA                                                             | Puma International Financing SA                                                             | CUSIP: 74588YAB6<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |     6400000 | PA      | $6352000.00   | 0.97%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: N/A<br>LEI: 529900QPC4K9S1KHL354       | Long             | DBT              | NUSS              | LB        |     1900000 | PA      | $323000.00    | 0.05%             | 2022-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Energo-Pro AS                                                                               | Energo-Pro AS                                                                               | CUSIP: N/A<br>LEI: 315700IQCL9IX158RO36       | Long             | DBT              | CORP              | CZ        |     2726000 | PA      | $2736207.89   | 0.42%             | 2027-02-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-127435.90   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                                                         | Egypt Government International Bond                                                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |     2725000 | PA      | $1907500.00   | 0.29%             | 2059-11-20      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |     1304967 | PA      | $814560.40    | 0.12%             | 2029-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Egypt Treasury Bills                                                                        | Egypt Treasury Bills                                                                        | CUSIP: YT9362948<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    68100000 | PA      | $1150805.05   | 0.18%             | 2025-12-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Egypt Treasury Bills                                                                        | Egypt Treasury Bills                                                                        | CUSIP: YV7107100<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   143600000 | PA      | $2562341.62   | 0.39%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    14200000 | OU      | $629462.85    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Gabon Government International Bond                                                         | Gabon Government International Bond                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GA        |     2925000 | PA      | $2080763.10   | 0.32%             | 2031-02-06      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   353362500 | OU      | $282348.91    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $25354.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HTA Group Ltd/Mauritius                                                                     | HTA Group Ltd/Mauritius                                                                     | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |     3725000 | PA      | $3735355.50   | 0.57%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico                   | BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico                   | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |     6425000 | PA      | $6457125.00   | 0.99%             | 2035-02-11      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bond                                                        | Zambia Government International Bond                                                        | CUSIP: N/A<br>LEI: 213800DMLAZ6LGMMD849       | Long             | DBT              | NUSS              | ZM        |     6063419 | PA      | $3454329.80   | 0.53%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class                                           | BlackRock Liquidity FedFund - Institutional Class                                           | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |     1052010 | NS      | $1052009.58   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Luxembourg Sarl                                                                          | FS Luxembourg Sarl                                                                          | CUSIP: N/A<br>LEI: 222100EKR3JUJPGGOY81       | Long             | DBT              | CORP              | LU        |     1055000 | PA      | $1060780.01   | 0.16%             | 2031-02-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| HTA Group Ltd/Mauritius                                                                     | HTA Group Ltd/Mauritius                                                                     | CUSIP: V4256BAE4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |     1375000 | PA      | $1378822.50   | 0.21%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3324.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     2600000 | OU      | $-26464.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bond                                            | Republic of Poland Government International Bond                                            | CUSIP: 857524AD4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     5000000 | PA      | $5152867.40   | 0.79%             | 2027-11-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NWD Finance BVI Ltd                                                                         | NWD Finance BVI Ltd                                                                         | CUSIP: G66816AD4<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |      950000 | PA      | $346900.39    | 0.05%             | N/A             | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  1725000000 | OU      | $4978510.04   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                      | Standard Chartered PLC                                                                      | CUSIP: 853254CZ1<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     5025000 | PA      | $5179312.42   | 0.79%             | 2035-01-11      | Variable      | 6.10%                 | No            |                  2 | On Loan: —       |
| LD Celulose International GmbH                                                              | LD Celulose International GmbH                                                              | CUSIP: 50206BAA0<br>LEI: 529900EHUSQJVOTP9J45 | Long             | DBT              | CORP              | AT        |     3600000 | PA      | $3698550.00   | 0.57%             | 2032-01-26      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Futures                                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        1132 | NC      | $105640.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Comision Federal de Electricidad                                                            | Comision Federal de Electricidad                                                            | CUSIP: N/A<br>LEI: 4469000001BFPONMPF32       | Long             | DBT              | CORP              | MX        |     2456800 | PA      | $2155842.00   | 0.33%             | 2036-09-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-38360.81    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Korea Development Bank/The                                                                  | Korea Development Bank/The                                                                  | CUSIP: 500630DG0<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | CORP              | KR        |     4360000 | PA      | $4187334.02   | 0.64%             | 2026-07-19      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Egypt Government Bond                                                                       | Egypt Government Bond                                                                       | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |   140200000 | PA      | $2845179.39   | 0.44%             | 2027-08-13      | Fixed         | 25.32%                | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                                                                           | Ivanhoe Mines Ltd                                                                           | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |     7375000 | PA      | $7193817.27   | 1.10%             | 2030-01-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple                            | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple                            | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     4598408 | PA      | $4561620.54   | 0.70%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco Sarl                                                              | Greensaif Pipelines Bidco Sarl                                                              | CUSIP: N/A<br>LEI: 549300YWDGUXPB8GRP47       | Long             | DBT              | CORP              | LU        |     1450000 | PA      | $1479304.65   | 0.23%             | 2038-02-23      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-678325.63   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Azule Energy Finance Plc                                                                    | Azule Energy Finance Plc                                                                    | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |     7375000 | PA      | $7109500.00   | 1.09%             | 2030-01-23      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bond                                                         | Qatar Government International Bond                                                         | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |     5000000 | PA      | $5068300.00   | 0.77%             | 2028-04-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Energean Israel Finance Ltd                                                                 | Energean Israel Finance Ltd                                                                 | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |      650000 | PA      | $639925.00    | 0.10%             | 2026-03-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-114045.85   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  9300000000 | OU      | $-46892.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                                                   | Republic of Uzbekistan International Bond                                                   | CUSIP: 91824PAA5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |     4775000 | PA      | $4774522.50   | 0.73%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: N/A<br>LEI: 529900QPC4K9S1KHL354       | Long             | DBT              | NUSS              | LB        |     3075000 | PA      | $527002.73    | 0.08%             | 2027-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Peru Government Bond                                                                        | Peru Government Bond                                                                        | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |    31975000 | PA      | $8033219.27   | 1.23%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Lamar Funding Ltd                                                                           | Lamar Funding Ltd                                                                           | CUSIP: N/A<br>LEI: 549300TSXHL7X0727895       | Long             | DBT              | CORP              | KY        |     5175000 | PA      | $5175362.25   | 0.79%             | 2025-05-07      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| European Bank for Reconstruction & Development                                              | European Bank for Reconstruction & Development                                              | CUSIP: N/A<br>LEI: 549300HTGDOVDU6OGK19       | Long             | DBT              | CORP              | XX        |   176100000 | PA      | $2104908.18   | 0.32%             | 2032-01-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development                                         | International Bank for Reconstruction & Development                                         | CUSIP: N/A<br>LEI: ZTMSNXROF84AHWJNKQ93       | Long             | DBT              | CORP              | XX        |   110000000 | PA      | $1312441.74   | 0.20%             | 2028-04-24      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-10943.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-26365.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Saavi Energia Sarl                                                                          | Saavi Energia Sarl                                                                          | CUSIP: 78518PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     6600000 | PA      | $6633000.00   | 1.01%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Korea Development Bank/The                                                                  | Korea Development Bank/The                                                                  | CUSIP: N/A<br>LEI: 549300ML2LNRZUCS7149       | Long             | DBT              | CORP              | KR        |     4000000 | PA      | $4045429.92   | 0.62%             | 2027-06-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                                                         | Ghana Government International Bond                                                         | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     2860587 | PA      | $2174618.36   | 0.33%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Futures                                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         230 | NC      | $523849.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Guatemala Government Bond                                                                   | Guatemala Government Bond                                                                   | CUSIP: N/A<br>LEI: 529900QKDFFU9UWW5315       | Long             | DBT              | NUSS              | GT        |     2300000 | PA      | $2411527.00   | 0.37%             | 2032-10-04      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bond                                                       | Ecuador Government International Bond                                                       | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | EC        |     1975000 | PA      | $1476016.25   | 0.23%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    20400000 | OU      | $-219284.56   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd                                                            | Galaxy Pipeline Assets Bidco Ltd                                                            | CUSIP: 36321PAD2<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |     2487881 | PA      | $2190609.52   | 0.33%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| IHS Holding Ltd                                                                             | IHS Holding Ltd                                                                             | CUSIP: N/A<br>LEI: 213800CLGMKL63VKTD94       | Long             | DBT              | CORP              | KY        |      350000 | PA      | $337380.03    | 0.05%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   143150000 | NC      | $16976.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Provincia de Buenos Aires/Government Bonds                                                  | Provincia de Buenos Aires/Government Bonds                                                  | CUSIP: N/A<br>LEI: 549300L6AYROPOTQ4L07       | Long             | DBT              | NUSS              | AR        |     7668335 | PA      | $5137784.45   | 0.79%             | 2037-09-01      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Transnet SOC Ltd                                                                            | Transnet SOC Ltd                                                                            | CUSIP: N/A<br>LEI: 378900B07CD6F01EA796       | Long             | DBT              | CORP              | ZA        |     7825000 | PA      | $7874884.38   | 1.20%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bond                                                         | Qatar Government International Bond                                                         | CUSIP: N/A<br>LEI: 52990074F6OJOAXK4P65       | Long             | DBT              | NUSS              | QA        |     5600000 | PA      | $5578720.00   | 0.85%             | 2029-03-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Africa Finance Corp                                                                         | Africa Finance Corp                                                                         | CUSIP: 00832XAA9<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | CORP              | XX        |     4425000 | PA      | $4320216.00   | 0.66%             | N/A             | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |     3300000 | OU      | $-36307.32    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 43000000000 | OU      | $43296.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sitios Latinoamerica SAB de CV                                                              | Sitios Latinoamerica SAB de CV                                                              | CUSIP: 82983PAA1<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |     5650000 | PA      | $5668927.50   | 0.87%             | 2029-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                                      | Asian Development Bank                                                                      | CUSIP: ZF6948623<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | CORP              | XX        |   188200000 | PA      | $2245406.69   | 0.34%             | 2028-02-08      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| NWD MTN Ltd                                                                                 | NWD MTN Ltd                                                                                 | CUSIP: G6681PAR1<br>LEI: 254900STSWBVJ5FV9O74 | Long             | DBT              | CORP              | VG        |     3875000 | PA      | $2349637.17   | 0.36%             | 2029-07-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| Ivory Coast Government International Bond                                                   | Ivory Coast Government International Bond                                                   | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |     6825000 | PA      | $6679566.80   | 1.02%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bond                                                      | Colombia Government International Bond                                                      | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     3425000 | PA      | $3473465.12   | 0.53%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-160194.71   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6                                          | Principal Government Money Market Fund - Class R-6                                          | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    70429368 | NS      | $70429367.62  | 10.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |     5490368 | PA      | $2769890.66   | 0.42%             | 2034-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Samarco Mineracao SA                                                                        | Samarco Mineracao SA                                                                        | CUSIP: P8405QAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |      275000 | PA      | $258822.93    | 0.04%             | 2031-06-30      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Credit Default Swaps                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |    20400000 | OU      | $-202638.93   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX                | CUSIP: N/A<br>LEI: 549300WIWQK5Q9MCUN92       | Long             | DBT              | CORP              | MX        |     2525000 | PA      | $2391497.44   | 0.37%             | 2033-01-18      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| WE Soda Investments Holding PLC                                                             | WE Soda Investments Holding PLC                                                             | CUSIP: 92943TAA1<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |     3675000 | PA      | $3758606.25   | 0.57%             | 2028-10-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    41050000 | NC      | $82356.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Brazilian Government International Bond                                                     | Brazilian Government International Bond                                                     | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     6325000 | PA      | $6229775.67   | 0.95%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Inter-American Development Bank                                                             | Inter-American Development Bank                                                             | CUSIP: N/A<br>LEI: VKU1UKDS9E7LYLMACP54       | Long             | DBT              | CORP              | XX        |   158000000 | PA      | $1897112.76   | 0.29%             | 2029-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bond                                                       | Senegal Government International Bond                                                       | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |     1425000 | PA      | $1031400.61   | 0.16%             | 2037-06-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Colombian TES                                                                               | Colombian TES                                                                               | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        | 25037000000 | PA      | $6320847.76   | 0.97%             | 2033-02-09      | Fixed         | 13.25%                | No            |                  2 | On Loan: No      |
| Israel Government International Bond                                                        | Israel Government International Bond                                                        | CUSIP: 46514BRL3<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     1125000 | PA      | $1115139.38   | 0.17%             | 2034-03-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NWD MTN Ltd                                                                                 | NWD MTN Ltd                                                                                 | CUSIP: G6681PBD1<br>LEI: 254900STSWBVJ5FV9O74 | Long             | DBT              | CORP              | VG        |      750000 | PA      | $574499.90    | 0.09%             | 2028-02-08      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Egypt Government Bond                                                                       | Egypt Government Bond                                                                       | CUSIP: YU0812781<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   155400000 | PA      | $3112916.39   | 0.48%             | 2027-10-01      | Fixed         | 24.46%                | No            |                  2 | On Loan: No      |
| CSN Inova Ventures                                                                          | CSN Inova Ventures                                                                          | CUSIP: N/A<br>LEI: 222100R8R68DM7VM3661       | Long             | DBT              | CORP              | KY        |     2100000 | PA      | $1954575.21   | 0.30%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| International Bank for Reconstruction & Development                                         | International Bank for Reconstruction & Development                                         | CUSIP: N/A<br>LEI: ZTMSNXROF84AHWJNKQ93       | Long             | DBT              | CORP              | XX        |   101500000 | PA      | $1206915.46   | 0.18%             | 2027-09-08      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Georgia Global Utilities JSC                                                                | Georgia Global Utilities JSC                                                                | CUSIP: 373196AB0<br>LEI: 213800JCP8ERP6FTOL26 | Long             | DBT              | CORP              | GE        |     2150000 | PA      | $2173215.70   | 0.33%             | 2029-07-25      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                                                   | Ivory Coast Government International Bond                                                   | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |     1425000 | PA      | $1471120.84   | 0.22%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| IHS Netherlands Holdco BV                                                                   | IHS Netherlands Holdco BV                                                                   | CUSIP: N/A<br>LEI: 5493006Z6YQYCCN2XI74       | Long             | DBT              | CORP              | NL        |     4245159 | PA      | $4243962.30   | 0.65%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| National Bank of Uzbekistan                                                                 | National Bank of Uzbekistan                                                                 | CUSIP: N/A<br>LEI: 253400TZJ7T1YULTGN68       | Long             | DBT              | CORP              | UZ        |     2850000 | PA      | $2907795.61   | 0.44%             | 2029-07-05      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Mersin Uluslararasi Liman Isletmeciligi AS                                                  | Mersin Uluslararasi Liman Isletmeciligi AS                                                  | CUSIP: N/A<br>LEI: 635400DAFN6NT43HM530       | Long             | DBT              | CORP              | TR        |     2225000 | PA      | $2282787.70   | 0.35%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     2771234 | PA      | $1381321.59   | 0.21%             | 2034-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Yinson Boronia Production BV                                                                | Yinson Boronia Production BV                                                                | CUSIP: N/A<br>LEI: 5493007X12FTT746N678       | Long             | DBT              | CORP              | NL        |     3741704 | PA      | $3835247.11   | 0.59%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bond                                                         | Chile Government International Bond                                                         | CUSIP: 168863DX3<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     7000000 | PA      | $6790115.92   | 1.04%             | 2027-01-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: N/A<br>LEI: 529900QPC4K9S1KHL354       | Long             | DBT              | NUSS              | LB        |     8075000 | PA      | $1378806.25   | 0.21%             | 2020-06-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-62490.32    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $125953.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                      | Standard Chartered PLC                                                                      | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | DBT              | CORP              | GB        |     1200000 | PA      | $1235493.19   | 0.19%             | 2035-01-11      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Leviathan Bond Ltd                                                                          | Leviathan Bond Ltd                                                                          | CUSIP: N/A<br>LEI: 254900D9T8VKYVQNZ220       | Long             | DBT              | CORP              | IL        |     5125000 | PA      | $5038438.75   | 0.77%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                                                     | Raizen Fuels Finance SA                                                                     | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     4575000 | PA      | $4476458.30   | 0.68%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                                         | Petroleos Mexicanos                                                                         | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2225000 | PA      | $1840884.68   | 0.28%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    13300000 | OU      | $2101.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MAF Global Securities Ltd                                                                   | MAF Global Securities Ltd                                                                   | CUSIP: N/A<br>LEI: 54930037VUDNYTS17017       | Long             | DBT              | CORP              | KY        |     1075000 | PA      | $1104538.85   | 0.17%             | N/A             | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| Inter-American Development Bank                                                             | Inter-American Development Bank                                                             | CUSIP: N/A<br>LEI: VKU1UKDS9E7LYLMACP54       | Long             | DBT              | CORP              | XX        |   274000000 | PA      | $3326181.38   | 0.51%             | 2033-04-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-812.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Samarco Mineracao SA Escrow Shares                                                          | Samarco Mineracao SA Escrow Shares                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | BR        |      200000 | PA      | $0.00         | 0.00%             | 2023-10-24      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-13133.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                      | Standard Chartered PLC                                                                      | CUSIP: 853254DF4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     5775000 | PA      | $5680245.65   | 0.87%             | N/A             | Variable      | 7.63%                 | No            |                  2 | On Loan: —       |
| WE Soda Investments Holding PLC                                                             | WE Soda Investments Holding PLC                                                             | CUSIP: N/A<br>LEI: 984500SE38C07DB47A90       | Long             | DBT              | CORP              | GB        |     2000000 | PA      | $2045500.00   | 0.31%             | 2028-10-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government Bond                                                    | Republic of South Africa Government Bond                                                    | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |   345350000 | PA      | $14375566.35  | 2.20%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bond                                                       | Ukraine Government International Bond                                                       | CUSIP: 903724BZ4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      800000 | PA      | $499200.00    | 0.08%             | 2029-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bond                                                     | Abu Dhabi Government International Bond                                                     | CUSIP: N/A<br>LEI: 213800FER4348CINTA77       | Long             | DBT              | NUSS              | AE        |     4000000 | PA      | $3959600.00   | 0.61%             | 2026-05-03      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   821351767 | OU      | $2015155.35   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bond                                                   | Ivory Coast Government International Bond                                                   | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     6650000 | PA      | $6146900.57   | 0.94%             | 2036-04-01      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| Limak Cimento Sanayi ve Ticaret AS                                                          | Limak Cimento Sanayi ve Ticaret AS                                                          | CUSIP: M67729AB5<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |     4825000 | PA      | $4729218.93   | 0.72%             | 2029-07-25      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bond                                                       | Senegal Government International Bond                                                       | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |     7325000 | PA      | $6999538.25   | 1.07%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                                         | Petroleos Mexicanos                                                                         | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3080000 | PA      | $2743463.49   | 0.42%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $46086.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                         | FX Forwards                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-103432.70   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Lebanon Government International Bond                                                       | Lebanon Government International Bond                                                       | CUSIP: M6S21BAQ6<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     6275000 | PA      | $1075516.18   | 0.16%             | 2032-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gabon Government International Bond                                                         | Gabon Government International Bond                                                         | CUSIP: V36283AE5<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      275000 | PA      | $194260.00    | 0.03%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 92200000000 | OU      | $92836.18     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ghana Government International Bond                                                         | Ghana Government International Bond                                                         | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     5525000 | PA      | $4715863.75   | 0.72%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLEN SA                                                                                    | ORLEN SA                                                                                    | CUSIP: 68666UAA3<br>LEI: 259400VVMM70CQREJT74 | Long             | DBT              | CORP              | PL        |     6425000 | PA      | $6492605.33   | 0.99%             | 2035-01-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Benin Government International Bond                                                         | Benin Government International Bond                                                         | CUSIP: N/A<br>LEI: 635400Q11P6AE5A5Y230       | Long             | DBT              | NUSS              | BJ        |     3425000 | PA      | $3081609.50   | 0.47%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| Vedanta Resources Finance II PLC                                                            | Vedanta Resources Finance II PLC                                                            | CUSIP: G9T27HAG9<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     1040000 | PA      | $1009263.94   | 0.15%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Senegal Government International Bond                                                       | Senegal Government International Bond                                                       | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |     3450000 | PA      | $2111952.00   | 0.32%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  1725000000 | OU      | $-5049515.88  | -0.77%            |  |  |  | No            |                  2 | On Loan: No      |
| Brazil Notas do Tesouro Nacional Serie F                                                    | Brazil Notas do Tesouro Nacional Serie F                                                    | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |   115854000 | PA      | $19323630.02  | 2.95%             | 2027-01-01      | Fixed         | 9.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Total Return Swaps                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  3300000000 | NC      | $-125764.66   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Egypt Government International Bond                                                         | Egypt Government International Bond                                                         | CUSIP: M1487WDD4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     3175000 | PA      | $2651125.00   | 0.41%             | 2032-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                         | Interest Rate Swaps                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 19900000000 | OU      | $-100339.78   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NWD MTN Ltd                                                                                 | NWD MTN Ltd                                                                                 | CUSIP: G6681PAW0<br>LEI: 254900STSWBVJ5FV9O74 | Long             | DBT              | CORP              | VG        |     1400000 | PA      | $814119.03    | 0.12%             | 2030-05-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Petroleos de Venezuela SA                                                                   | Petroleos de Venezuela SA                                                                   | CUSIP: N/A<br>LEI: 549300YWR8TN1OFD4P06       | Long             | DBT              | CORP              | VE        |    35600000 | PA      | $4129600.00   | 0.63%             | 2024-05-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development                                         | International Bank for Reconstruction & Development                                         | CUSIP: N/A<br>LEI: ZTMSNXROF84AHWJNKQ93       | Long             | DBT              | CORP              | XX        |   229000000 | PA      | $2752833.83   | 0.42%             | 2029-07-22      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| SOCAR Turkey Enerji AS via Steas Funding 1 DAC                                              | SOCAR Turkey Enerji AS via Steas Funding 1 DAC                                              | CUSIP: N/A<br>LEI: 213800EHE74BZ15ING86       | Long             | DBT              | CORP              | IE        |     2400000 | PA      | $2368463.74   | 0.36%             | 2026-03-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| Zambia Government International Bond                                                        | Zambia Government International Bond                                                        | CUSIP: 988895AR9<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     5425000 | PA      | $3090351.25   | 0.47%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-29

**Name of Applicant:** Principal Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Controller