# EDGAR Filing Document

**Accession Number:** 0000081443
**File Stem:** 0001752724-23-047094
**Filing Date:** 2023-2
**Character Count:** 334123
**Document Hash:** 0f8b1673c807f1752cf100f5429f15cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047094.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047094

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB CAP FUND, INC.
- **CENTRAL INDEX KEY:** 0000081443
- **IRS NUMBER:** 132625045
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01716
- **FILM NUMBER:** 23683865

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

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

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

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

## Series and Classes Contracts Data

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

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000103967 | Class A       | ABAEX           |
| C000103968 | Class C       | ABCEX           |
| C000103969 | Advisor Class | ABYEX           |
| C000103970 | Class R       | ABREX           |
| C000103971 | Class K       | ABKEX           |
| C000103972 | Class I       | ABIEX           |
| C000194530 | Class Z       | ABZEX           |

## Nport-Ex

**AB Emerging Markets Multi-Asset Portfolio** 

**Portfolio of Investments** 

**December 31, 2022 (unaudited)** 

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **COMMON STOCKS – 57.9%** |  |  |
|  **Financials – 16.1%** |  |  |
|  **Banks – 12.3%** |  |  |
|  Absa Group Ltd. | 4702 | $53394 |
|  Agricultural Bank of China Ltd. - Class H | 5671000 | 1940030 |
|  Al Rajhi Bank<sup>(a)</sup> | 3701 | 74014 |
|  Banco de Chile | 724862 | 75199 |
|  Banco do Brasil SA | 79900 | 516907 |
|  Bancolombia SA | 3555 | 30883 |
|  Bancolombia SA (Preference Shares) | 6976 | 48130 |
|  Bank Mandiri Persero TBK PT | 2243600 | 1430731 |
|  Bank of Chengdu Co., Ltd. - Class A | 35500 | 78332 |
|  Bank of Communications Co., Ltd. - Class A | 32900 | 22519 |
|  Bank of Jiangsu Co., Ltd. - Class A | 1061100 | 1116343 |
|  Canara Bank | 19138 | 76844 |
|  China CITIC Bank Corp., Ltd. - Class A | 82600 | 59391 |
|  China CITIC Bank Corp., Ltd. - Class H | 136000 | 60183 |
|  China Construction Bank Corp. - Class H | 555000 | 347091 |
|  China Everbright Bank Co., Ltd. - Class H | 154000 | 46889 |
|  Commercial International Bank Egypt SAE | 7775 | 13059 |
|  Eurobank Ergasias Services and Holdings SA<sup>(a)</sup> | 5841 | 6579 |
|  Haci Omer Sabanci Holding AS | 218902 | 528405 |
|  Halyk Savings Bank of Kazakhstan JSC (GDR)<sup>(b)</sup> | 20420 | 226662 |
|  Hana Financial Group, Inc. | 64621 | 2151822 |
|  HDFC Bank Ltd. | 89781 | 1762926 |
|  Huaxia Bank Co., Ltd. - Class A | 97700 | 73226 |
|  ICICI Bank Ltd. | 23342 | 251428 |
|  Industrial Bank Co., Ltd. - Class A | 474660 | 1204104 |
|  KB Financial Group, Inc. | 19756 | 756905 |
|  Metropolitan Bank & Trust Co. | 482210 | 468250 |
|  Nedbank Group Ltd. | 5965 | 74629 |
|  NU Holdings Ltd. - Class A<sup>(a)</sup> | 303970 | 1237158 |
|  Sberbank of Russia PJSC<sup>(a) (c)</sup> | 138696 | 0 |
|  SinoPac Financial Holdings Co., Ltd. | 220 | 120 |
|  Standard Bank Group Ltd. | 7230 | 71336 |
|  State Bank of India | 9012 | 66730 |
|  Turkiye Is Bankasi AS - Class C | 33014 | 22599 |
|  Yapi ve Kredi Bankasi AS | 106621 | 67638 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14960456 |
|  **Capital Markets – 0.2%** |  |  |
|  GF Securities Co., Ltd. - Class H | 6400 | 9162 |
|  Korea Investment Holdings Co., Ltd. | 1841 | 78129 |
|  Meritz Securities Co., Ltd. | 18340 | 91337 |
|  NH Investment & Securities Co., Ltd. | 5055 | 35181 |
|  Samsung Securities Co., Ltd. | 3113 | 77694 |
|  |  | 291503 |
|  **Consumer Finance – 0.0%** |  |  |
|  Muthoot Finance Ltd. | 657 | 8424 |
|  **Diversified Financial Services – 0.9%** |  |  |
|  AVIC Industry-Finance Holdings Co., Ltd. - Class A | 52900 | 25066 |
|  Chailease Holding Co., Ltd. | 10000 | 70452 |
|  Far East Horizon Ltd. | 94000 | 73218 |
|  Housing Development Finance Corp., Ltd. | 18352 | 584401 |
|  Meritz Financial Group, Inc. | 2799 | 95546 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** | **U.S. $ Value** |
|  REC Ltd. | 54441 | $| 76792 |
|  Remgro Ltd. | 9142 |  | 71102 |
|  Yuanta Financial Holding Co., Ltd. | 102420 |  | 72179 |
|  |  |  | 1068756 |
|  **Insurance – 2.7%** |  |  |  |
|  AIA Group Ltd. | 105000 |  | 1159556 |
|  BB Seguridade Participacoes SA | 28800 |  | 183361 |
|  Bupa Arabia for Cooperative Insurance Co. | 2268 |  | 86494 |
|  DB Insurance Co., Ltd. | 1650 |  | 85528 |
|  Hyundai Marine & Fire Insurance Co., Ltd. | 7034 |  | 163874 |
|  New China Life Insurance Co., Ltd. - Class H | 30300 |  | 73771 |
|  People's Insurance Co. Group of China Ltd. (The) - Class A | 99400 |  | 74865 |
|  PICC Property & Casualty Co., Ltd. - Class H | 1180000 |  | 1115686 |
|  Ping An Insurance Group Co. of China Ltd. - Class H | 38000 |  | 249650 |
|  Powszechny Zaklad Ubezpieczen SA | 5157 |  | 41879 |
|  |  |  | 3234664 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19563803 |
|  **Consumer Discretionary – 11.6%** |  |  |  |
|  **Auto Components – 0.1%** |  |  |  |
|  Fuyao Glass Industry Group Co., Ltd. - Class H<sup>(b)</sup> | 11600 |  | 48436 |
|  Tube Investments of India Ltd. | 1960 |  | 65157 |
|  |  |  | 113593 |
|  **Automobiles – 2.0%** |  |  |  |
|  Bajaj Auto Ltd. | 1469 |  | 64270 |
|  Dongfeng Motor Group Co., Ltd. - Class H | 404000 |  | 230838 |
|  Eicher Motors Ltd. | 469 |  | 18240 |
|  Great Wall Motor Co., Ltd. - Class H | 82000 |  | 105634 |
|  Hero MotoCorp Ltd. | 2049 |  | 67841 |
|  Kia Corp. | 37268 |  | 1753478 |
|  TVS Motor Co., Ltd. | 5692 |  | 74514 |
|  Yadea Group Holdings Ltd.<sup>(b)</sup> | 42000 |  | 69929 |
|  |  |  | 2384744 |
|  **Diversified Consumer Services – 0.1%** | **Diversified Consumer Services – 0.1%** | **Diversified Consumer Services – 0.1%** | **Diversified Consumer Services – 0.1%** |
|  New Oriental Education & Technology Group, Inc.<sup>(a)</sup> | 20500 |  | 72264 |
|  TAL Education Group (ADR)<sup>(a)</sup> | 10454 |  | 73700 |
|  |  |  | 145964 |
|  **Hotels, Restaurants & Leisure – 1.4%** |  |  |  |
|  Haidilao International Holding Ltd.<sup>(a) (b)</sup> | 7000 |  | 19964 |
|  Jiumaojiu International Holdings Ltd.<sup>(b)</sup> | 15000 |  | 39768 |
|  Jubilant Foodworks Ltd. | 9068 |  | 55891 |
|  OPAP SA | 114262 |  | 1616551 |
|  |  |  | 1732174 |
|  **Internet & Direct Marketing Retail – 5.5%** |  |  |  |
|  Alibaba Group Holding Ltd.<sup>(a)</sup> | 204800 |  | 2247252 |
|  JD.com, Inc. - Class A | 46839 |  | 1307587 |
|  Meituan - Class B<sup>(a) (b)</sup> | 47200 |  | 1045756 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  MercadoLibre, Inc.<sup>(a)</sup> | 1338 | $1132269 |
|  Pinduoduo, Inc. (ADR)<sup>(a)</sup> | 10929 | 891261 |
|  |  | 6624125 |
|  **Leisure Products – 0.1%** |  |  |
|  Huazhu Group Ltd. (ADR) | 1317 | 55867 |
|  **Multiline Retail – 0.1%** |  |  |
|  Central Retail Corp. PCL | 65300 | 87199 |
|  Lotte Shopping Co., Ltd. | 832 | 59953 |
|  Woolworths Holdings Ltd. | 5953 | 23187 |
|  |  | 170339 |
|  **Specialty Retail – 1.7%** |  |  |
|  Jarir Marketing Co. | 1654 | 66010 |
|  JUMBO SA | 4384 | 75190 |
|  Lojas Renner SA | 156600 | 606957 |
|  Pop Mart International Group Ltd.<sup>(b)</sup> | 31600 | 79539 |
|  PTT Oil & Retail Business PCL | 1100 | 749 |
|  Topsports International Holdings Ltd.<sup>(b)</sup> | 320000 | 252121 |
|  Vibra Energia SA | 332700 | 975479 |
|  Zeda Ltd./South Africa<sup>(a)</sup> | 25240 | 20232 |
|  |  | 2076277 |
|  **Textiles, Apparel & Luxury Goods – 0.6%** |  |  |
|  ANTA Sports Products Ltd. | 14600 | 189899 |
|  Li Ning Co., Ltd. | 56000 | 481544 |
|  Page Industries Ltd. | 82 | 42490 |
|  |  | 713933 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14017016 |
|  **Information Technology – 11.2%** |  |  |
|  **Communications Equipment – 0.1%** |  |  |
|  Accton Technology Corp. | 9000 | 68344 |
|  **Electronic Equipment, Instruments & Components – 3.9%** |  |  |
|  Hon Hai Precision Industry Co., Ltd. | 691000 | 2239691 |
|  Kingboard Holdings Ltd. | 5500 | 17441 |
|  LG Innotek Co., Ltd. | 300 | 60504 |
|  Lotes Co., Ltd. | 3000 | 80274 |
|  Samsung SDI Co., Ltd.<sup>(a)</sup> | 1917 | 900113 |
|  Sinbon Electronics Co., Ltd. | 132000 | 1179164 |
|  Synnex Technology International Corp. | 37000 | 71091 |
|  Unimicron Technology Corp. | 34000 | 131994 |
|  WPG Holdings Ltd. | 46000 | 71831 |
|  Zhen Ding Technology Holding Ltd. | 9000 | 30615 |
|  |  | 4782718 |
|  **IT Services – 0.6%** |  |  |
|  Elm Co. | 132 | 11732 |
|  Infosys Ltd. | 6764 | 123341 |
|  Infosys Ltd. (Sponsored ADR) | 20233 | 364396 |
|  Tata Consultancy Services Ltd. | 5440 | 213802 |
|  |  | 713271 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Semiconductors & Semiconductor Equipment – 5.1%** | **Semiconductors & Semiconductor Equipment – 5.1%** | **Semiconductors & Semiconductor Equipment – 5.1%** |
|  ASE Technology Holding Co., Ltd. | 25000 | $75960 |
|  Himax Technologies, Inc. (ADR)<sup>(d)</sup> | 52038 | 323156 |
|  MediaTek, Inc. | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1112041 |
|  Novatek Microelectronics Corp. | 93000 | 950713 |
|  Parade Technologies Ltd. | 1000 | 25057 |
|  Realtek Semiconductor Corp. | 9000 | 81846 |
|  Taiwan Semiconductor Manufacturing Co., Ltd. | 190000 | 2759459 |
|  United Microelectronics Corp.<sup>(a)</sup> | 624000 | 819864 |
|  |  | 6148096 |
|  **Technology Hardware, Storage & Peripherals – 1.5%** | **Technology Hardware, Storage & Peripherals – 1.5%** | **Technology Hardware, Storage & Peripherals – 1.5%** |
|  Asustek Computer, Inc. | 1000 | 8717 |
|  Catcher Technology Co., Ltd. | 10000 | 54919 |
|  Micro-Star International Co., Ltd. | 19000 | 73682 |
|  Samsung Electronics Co., Ltd. | 39451 | 1731633 |
|  Samsung Electronics Co., Ltd. (Preference Shares) | 178 | 7133 |
|  |  | 1876084 |
|  |  | 13588513 |
|  **Materials – 4.3%** | **Materials – 4.3%** | **Materials – 4.3%** |
|  **Chemicals – 1.6%** | **Chemicals – 1.6%** | **Chemicals – 1.6%** |
|  Fertiglobe PLC | 111500 | 128164 |
|  Kumho Petrochemical Co., Ltd. | 182 | 18137 |
|  PhosAgro PJSC (GDR)<sup>(c) (e) (f)</sup> | 4421 | 0 |
|  SABIC Agri-Nutrients Co. | 2269 | 88566 |
|  Sahara International Petrochemical Co. | 2298 | 21017 |
|  Sasol Ltd. | 3386 | 54036 |
|  Saudi Basic Industries Corp. | 832 | 19903 |
|  Sociedad Quimica y Minera de Chile SA (Sponsored ADR) | 10702 | 854448 |
|  Sociedad Quimica y Minera de Chile SA - Class B | 866 | 69941 |
|  Tosoh Corp. | 45200 | 537502 |
|  Zangge Mining Co., Ltd. - Class A | 19600 | 73352 |
|  |  | 1865066 |
|  **Construction Materials – 0.0%** | **Construction Materials – 0.0%** | **Construction Materials – 0.0%** |
|  Ambuja Cements Ltd. | 3765 | 23808 |
|  **Metals & Mining – 2.7%** | **Metals & Mining – 2.7%** | **Metals & Mining – 2.7%** |
|  ArcelorMittal SA | 4856 | 128112 |
|  Baoshan Iron & Steel Co., Ltd. - Class A | 601100 | 484805 |
|  BHP Group Ltd. | 9092 | 281642 |
|  China Hongqiao Group Ltd. | 381596 | 359904 |
|  Gerdau SA (Preference Shares) | 14100 | 77504 |
|  Henan Shenhuo Coal & Power Co., Ltd. - Class A | 31900 | 68711 |
|  Jindal Steel & Power Ltd. | 1710 | 12054 |
|  KGHM Polska Miedz SA | 5970 | 173653 |
|  Kumba Iron Ore Ltd. | 2705 | 78129 |
|  MMC Norilsk Nickel PJSC (ADR)<sup>(c) (e)</sup> | 3568 | 0 |
|  Polyus PJSC (GDR)<sup>(a) (c) (e) (f)</sup> | 284 | 0 |
|  POSCO Holdings, Inc. | 6795 | 1487099 |
|  Southern Copper Corp. | 412 | 24881 |
|  Tata Steel Ltd. | 53025 | 72445 |

---

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| | | | |
|:---|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** | **U.S. $ Value** |
|  Vedanta Ltd. | 18751 | $| 69812 |
|  |  |  | 3318751 |
|  |  |  | 5207625 |
|  **Communication Services – 2.8%** | **Communication Services – 2.8%** | **Communication Services – 2.8%** | **Communication Services – 2.8%** |
|  **Diversified Telecommunication Services – 1.6%** | **Diversified Telecommunication Services – 1.6%** | **Diversified Telecommunication Services – 1.6%** | **Diversified Telecommunication Services – 1.6%** |
|  Hellenic Telecommunications Organization SA | 1569 |  | 24506 |
|  KT Corp.<sup>(a)</sup> | 72090 |  | 1929510 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1954016 |
|  **Entertainment – 0.0%** | **Entertainment – 0.0%** | **Entertainment – 0.0%** | **Entertainment – 0.0%** |
|  Kingsoft Corp. Ltd. | 4000 |  | 13256 |
|  **Interactive Media & Services – 1.0%** | **Interactive Media & Services – 1.0%** | **Interactive Media & Services – 1.0%** | **Interactive Media & Services – 1.0%** |
|  Baidu, Inc. - Class A<sup>(a)</sup> | 1900 |  | 27095 |
|  Tencent Holdings Ltd. | 28800 |  | 1221131 |
|  Yandex NV - Class A<sup>(a) (c) (e)</sup> | 11500 |  | 0 |
|  |  |  | 1248226 |
|  **Media – 0.1%** | **Media – 0.1%** | **Media – 0.1%** | **Media – 0.1%** |
|  Cheil Worldwide, Inc. | 4332 |  | 79125 |
|  **Wireless Telecommunication Services – 0.1%** | **Wireless Telecommunication Services – 0.1%** | **Wireless Telecommunication Services – 0.1%** | **Wireless Telecommunication Services – 0.1%** |
|  DiGi.Com Bhd | 51100 |  | 46376 |
|  Globe Telecom, Inc. | 553 |  | 21694 |
|  PLDT, Inc. | 2205 |  | 52021 |
|  |  |  | 120091 |
|  |  |  | 3414714 |
|  **Industrials – 2.7%** | **Industrials – 2.7%** | **Industrials – 2.7%** | **Industrials – 2.7%** |
|  **Aerospace & Defense – 0.1%** | **Aerospace & Defense – 0.1%** | **Aerospace & Defense – 0.1%** | **Aerospace & Defense – 0.1%** |
|  Bharat Electronics Ltd. | 44948 |  | 54289 |
|  Hindustan Aeronautics Ltd.<sup>(b)</sup> | 2257 |  | 69103 |
|  |  |  | 123392 |
|  **Air Freight & Logistics – 0.1%** | **Air Freight & Logistics – 0.1%** | **Air Freight & Logistics – 0.1%** | **Air Freight & Logistics – 0.1%** |
|  Hyundai Glovis Co., Ltd. | 646 |  | 83871 |
|  **Airlines – 0.2%** | **Airlines – 0.2%** | **Airlines – 0.2%** | **Airlines – 0.2%** |
|  China Airlines Ltd. | 121000 |  | 74515 |
|  Eva Airways Corp. | 82000 |  | 74779 |
|  Korean Air Lines Co., Ltd.<sup>(a)</sup> | 4346 |  | 79199 |
|  |  |  | 228493 |
|  **Electrical Equipment – 0.1%** | **Electrical Equipment – 0.1%** | **Electrical Equipment – 0.1%** | **Electrical Equipment – 0.1%** |
|  TBEA Co., Ltd. - Class A | 23200 |  | 67098 |
|  Voltronic Power Technology Corp. | 1000 |  | 50172 |
|  Walsin Lihwa Corp. | 4000 |  | 6137 |
|  |  |  | 123407 |
|  **Industrial Conglomerates – 1.0%** | **Industrial Conglomerates – 1.0%** | **Industrial Conglomerates – 1.0%** | **Industrial Conglomerates – 1.0%** |
|  Aboitiz Equity Ventures, Inc. | 12080 |  | 12545 |
|  Alfa SAB de CV - Class A | 109300 |  | 69720 |
|  Bidvest Group Ltd. (The) | 29908 |  | 377370 |
|  CITIC Ltd. | 70000 |  | 73600 |

---

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| | | | |
|:---|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** | **U.S. $ Value** |
|  CJ Corp. | 1319 | $| 88108 |
|  GS Holdings Corp.<sup>(a)</sup> | 2252 |  | 78151 |
|  KOC Holding AS | 16969 |  | 76129 |
|  Refrigeration Electrical Engineering Corp. | 123832 |  | 375422 |
|  Siemens Ltd. | 810 |  | 27604 |
|  Sime Darby Bhd | 75000 |  | 39148 |
|  SK, Inc. | 50 |  | 7500 |
|  SM Investments Corp. | 720 |  | 11677 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1236974 |
|  **Marine – 0.5%** | **Marine – 0.5%** | **Marine – 0.5%** | **Marine – 0.5%** |
|  COSCO SHIPPING Holdings Co., Ltd. - Class H | 72100 |  | 73293 |
|  Evergreen Marine Corp. Taiwan Ltd.<sup>(a)</sup> | 75800 |  | 400620 |
|  Orient Overseas International Ltd. | 4500 |  | 81105 |
|  Yang Ming Marine Transport Corp. | 9000 |  | 19118 |
|  |  |  | 574136 |
|  **Professional Services – 0.0%** | **Professional Services – 0.0%** | **Professional Services – 0.0%** | **Professional Services – 0.0%** |
|  HeadHunter Group PLC (ADR)<sup>(c) (e)</sup> | 18930 |  | 0 |
|  **Trading Companies & Distributors – 0.1%** | **Trading Companies & Distributors – 0.1%** | **Trading Companies & Distributors – 0.1%** | **Trading Companies & Distributors – 0.1%** |
|  Barloworld Ltd. | 25240 |  | 125894 |
|  Xiamen C & D, Inc. - Class A | 36000 |  | 70717 |
|  |  |  | 196611 |
|  **Transportation Infrastructure – 0.6%** | **Transportation Infrastructure – 0.6%** | **Transportation Infrastructure – 0.6%** | **Transportation Infrastructure – 0.6%** |
|  Grindrod Ltd. | 869 |  | 512 |
|  Grupo Aeroportuario del Centro Norte SAB de CV | 81929 |  | 629903 |
|  International Container Terminal Services, Inc. | 1610 |  | 5778 |
|  TangShan Port Group Co., Ltd. - Class A | 187700 |  | 74270 |
|  |  |  | 710463 |
|  |  |  | 3277347 |
|  **Energy – 2.5%** | **Energy – 2.5%** | **Energy – 2.5%** | **Energy – 2.5%** |
|  **Oil, Gas & Consumable Fuels – 2.5%** | **Oil, Gas & Consumable Fuels – 2.5%** | **Oil, Gas & Consumable Fuels – 2.5%** | **Oil, Gas & Consumable Fuels – 2.5%** |
|  Adaro Energy Indonesia Tbk PT | 289000 |  | 71589 |
|  China Coal Energy Co., Ltd. - Class H | 85000 |  | 69015 |
|  China Petroleum & Chemical Corp. - Class A | 113300 |  | 71303 |
|  China Shenhua Energy Co., Ltd. - Class H | 11500 |  | 33128 |
|  Coal India Ltd. | 26770 |  | 72875 |
|  Exxaro Resources Ltd. | 29430 |  | 377307 |
|  Gazprom PJSC<sup>(c) (e)</sup> | 153780 |  | 0 |
|  Jizhong Energy Resources Co., Ltd. - Class A | 54500 |  | 49997 |
|  LUKOIL PJSC<sup>(c) (e)</sup> | 18789 |  | 0 |
|  PetroChina Co., Ltd. - Class H | 3750000 |  | 1712976 |
|  Petroleo Brasileiro SA | 17000 |  | 90145 |
|  Petroleo Brasileiro SA (Preference Shares) | 19500 |  | 90474 |
|  PTT Exploration & Production PCL | 1500 |  | 7732 |
|  PTT PCL | 33300 |  | 32279 |
|  Reliance Industries Ltd. | 2300 |  | 70604 |
|  Saudi Arabian Oil Co.<sup>(b)</sup> | 9970 |  | 85582 |
|  Shaanxi Coal Industry Co., Ltd. - Class A | 23800 |  | 63812 |
|  Shan Xi Hua Yang Group New Energy Co., Ltd. - Class A | 10700 |  | 21954 |
|  Shanxi Coking Coal Energy Group Co., Ltd. - Class A | 13100 |  | 22012 |

---

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| | | | |
|:---|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** | **U.S. $ Value** |
|  Shanxi Lu'an Environmental Energy Development Co., Ltd. - Class A | 23900 | $| 58026 |
|  Yankuang Energy Group Co., Ltd. - Class H | 22000 |  | 66916 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3067726 |
|  **Consumer Staples – 2.5%** | **Consumer Staples – 2.5%** | **Consumer Staples – 2.5%** | **Consumer Staples – 2.5%** |
|  **Beverages – 0.0%** |  |  |  |
|  Chongqing Brewery Co., Ltd. - Class A | 500 |  | 9189 |
|  **Food & Staples Retailing – 0.1%** | **Food & Staples Retailing – 0.1%** | **Food & Staples Retailing – 0.1%** | **Food & Staples Retailing – 0.1%** |
|  CP ALL PCL | 10500 |  | 20642 |
|  Magnit PJSC<sup>(c) (e)</sup> | 1178 |  | 0 |
|  Magnit PJSC (Sponsored GDR)<sup>(b) (c) (e)</sup> | 3 |  | 0 |
|  Nahdi Medical Co. | 504 |  | 22371 |
|  President Chain Store Corp. | 9000 |  | 79575 |
|  Sumber Alfaria Trijaya TBK PT | 369500 |  | 62973 |
|  X5 Retail Group NV (GDR)<sup>(c) (e) (f)</sup> | 23937 |  | 0 |
|  |  |  | 185561 |
|  **Food Products – 1.3%** | **Food Products – 1.3%** | **Food Products – 1.3%** | **Food Products – 1.3%** |
|  China Feihe Ltd.<sup>(b)</sup> | 81384 |  | 68904 |
|  JBS SA | 15200 |  | 63510 |
|  Kuala Lumpur Kepong Bhd | 1900 |  | 9657 |
|  Minerva SA/Brazil | 414000 |  | 1016036 |
|  Nestle India Ltd. | 256 |  | 60478 |
|  Tongwei Co., Ltd. - Class A | 69100 |  | 384155 |
|  |  |  | 1602740 |
|  **Household Products – 0.1%** | **Household Products – 0.1%** | **Household Products – 0.1%** | **Household Products – 0.1%** |
|  Unilever Indonesia TBK PT | 234000 |  | 70685 |
|  **Personal Products – 0.1%** | **Personal Products – 0.1%** | **Personal Products – 0.1%** | **Personal Products – 0.1%** |
|  Colgate-Palmolive India Ltd. | 3800 |  | 70627 |
|  **Tobacco – 0.9%** | **Tobacco – 0.9%** | **Tobacco – 0.9%** | **Tobacco – 0.9%** |
|  Eastern Co. SAE | 25345 |  | 14671 |
|  ITC Ltd. | 258730 |  | 1033915 |
|  KT&G Corp. | 573 |  | 41415 |
|  |  |  | 1090001 |
|  |  |  | 3028803 |
|  **Utilities – 2.5%** |  |  |  |
|  **Electric Utilities – 0.6%** |  |  |  |
|  CEZ AS | 2032 |  | 69235 |
|  CPFL Energia SA | 12700 |  | 79817 |
|  Manila Electric Co. | 14680 |  | 78876 |
|  Power Grid Corp. of India Ltd. | 50299 |  | 129833 |
|  Tenaga Nasional Bhd | 35100 |  | 76731 |
|  Transmissora Alianca de Energia Eletrica SA | 37000 |  | 243505 |
|  |  |  | 677997 |
|  **Gas Utilities – 1.8%** | **Gas Utilities – 1.8%** | **Gas Utilities – 1.8%** | **Gas Utilities – 1.8%** |
|  Adani Total Gas Ltd. | 1418 |  | 62839 |
|  ENN Natural Gas Co., Ltd. - Class A | 28800 |  | 66821 |
|  GAIL India Ltd. | 1748245 |  | 2032256 |
|  |  |  | 2161916 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Independent Power and Renewable Electricity Producers – 0.1%** | **Independent Power and Renewable Electricity Producers – 0.1%** | **Independent Power and Renewable Electricity Producers – 0.1%** |
|  ACWA Power Co. | 934 | $37799 |
|  Adani Power Ltd.<sup>(a)</sup> | 3589 | 12962 |
|  Gulf Energy Development PCL | 14700 | 23450 |
|  NTPC Ltd. | 35418 | 71378 |
|  |  | 145589 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2985502 |
|  **Health Care – 0.9%** |  |  |
|  **Health Care Equipment & Supplies – 0.0%** |  |  |
|  SD Biosensor, Inc. | 541 | 12955 |
|  **Health Care Providers & Services – 0.0%** | **Health Care Providers & Services – 0.0%** | **Health Care Providers & Services – 0.0%** |
|  Bangkok Dusit Medical Services PCL - Class F | 6100 | 5152 |
|  Hygeia Healthcare Holdings Co., Ltd.<sup>(a) (b)</sup> | 2800 | 19977 |
|  Sinopharm Group Co., Ltd. - Class H | 10800 | 27336 |
|  |  | 52465 |
|  **Life Sciences Tools & Services – 0.0%** | **Life Sciences Tools & Services – 0.0%** | **Life Sciences Tools & Services – 0.0%** |
|  Divi's Laboratories Ltd. | 301 | 12437 |
|  **Pharmaceuticals – 0.9%** | **Pharmaceuticals – 0.9%** | **Pharmaceuticals – 0.9%** |
|  China Medical System Holdings Ltd. | 40000 | 62591 |
|  CSPC Pharmaceutical Group Ltd. | 36000 | 37479 |
|  Hubei Jumpcan Pharmaceutical Co., Ltd. - Class A | 18200 | 71547 |
|  Joincare Pharmaceutical Group Industry Co., Ltd. - Class A | 22000 | 35850 |
|  Kalbe Farma Tbk PT | 380200 | 51041 |
|  Sichuan Kelun Pharmaceutical Co., Ltd. - Class A | 200700 | 770617 |
|  Sino Biopharmaceutical Ltd. | 35000 | 20381 |
|  |  | 1049506 |
|  |  | 1127363 |
|  **Real Estate – 0.8%** |  |  |
|  **Equity Real Estate Investment Trusts (REITs) – 0.0%** |  |  |
|  Fibra Uno Administracion SA de CV | 40300 | 47566 |
|  **Real Estate Management & Development – 0.8%** | **Real Estate Management & Development – 0.8%** | **Real Estate Management & Development – 0.8%** |
|  China Aoyuan Group Ltd.<sup>(a) (c) (e)</sup> | 411000 | 55876 |
|  China Resources Land Ltd. | 60000 | 272962 |
|  Country Garden Holdings Co., Ltd. | 46000 | 15495 |
|  Emaar Properties PJSC | 33851 | 53854 |
|  Hopson Development Holdings Ltd. | 862 | 843 |
|  KE Holdings, Inc. (ADR)<sup>(a)</sup> | 833 | 11629 |
|  Poly Developments and Holdings Group Co., Ltd. - Class A | 82200 | 178954 |
|  Vincom Retail JSC<sup>(a)</sup> | 308840 | 344305 |
|  |  | 933918 |
|  |  | 981484 |
|  Total Common Stocks<br>(cost $70,392,592) |  | 70259896 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **FIXED INCOME – 36.9%** | **FIXED INCOME – 36.9%** | **FIXED INCOME – 36.9%** | **FIXED INCOME – 36.9%** |
|  **Sovereign Bonds – 22.5%** | **Sovereign Bonds – 22.5%** | **Sovereign Bonds – 22.5%** | **Sovereign Bonds – 22.5%** |
|  Abu Dhabi Government International Bond<br>3.125%, 09/30/2049<sup>(b)</sup> | U.S.$| 390 | $287089 |
|  Angolan Government International Bond<br>8.00%, 11/26/2029<sup>(b)</sup> |  | 200 | 176000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 11/26/2049<sup>(b)</sup> |  | 1050 | 817884 |
|  Argentine Republic Government International Bond<br>0.50%, 07/09/2030 |  | 1469 | 397465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/09/2029 |  | 236 | 62614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 07/09/2035 |  | 606 | 152793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/09/2041 |  | 210 | 59425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 01/09/2038 |  | 1019 | 320827 |
|  Bahrain Government International Bond<br>6.00%, 09/19/2044<sup>(b)</sup> |  | 210 | 162986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/20/2029<sup>(b)</sup> |  | 244 | 241758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/12/2028<sup>(b)</sup> |  | 334 | 334480 |
|  Brazilian Government International Bond<br>2.875%, 06/06/2025 |  | 385 | 363055 |
|  Chile Government International Bond<br>2.75%, 01/31/2027 |  | 585 | 536664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/07/2041 |  | 200 | 143413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/22/2061 |  | 427 | 265354 |
|  Colombia Government International Bond<br>3.875%, 02/15/2061 |  | 200 | 111475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 02/22/2042 |  | 648 | 404352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/2045 |  | 502 | 344435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 01/18/2041 |  | 130 | 103415 |
|  Dominican Republic International Bond<br>5.50%, 01/27/2025<sup>(b)</sup> |  | 100 | 99050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/22/2029<sup>(b)</sup> |  | 175 | 160267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 01/30/2060<sup>(b)</sup> |  | 496 | 362483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 06/05/2049<sup>(b)</sup> |  | 364 | 293088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/2048<sup>(b)</sup> |  | 298 | 244788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 04/20/2027<sup>(b)</sup> |  | 243 | 251930 |
|  Ecuador Government International Bond<br>1.50%, 07/31/2040<sup>(b)</sup> |  | 446 | 180688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/31/2035<sup>(b)</sup> |  | 1602 | 732633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/31/2030<sup>(b)</sup> |  | 372 | 236368 |
|  Egypt Government International Bond<br>6.588%, 02/21/2028<sup>(b)</sup> |  | 256 | 208960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.053%, 01/15/2032<sup>(b)</sup> |  | 350 | 254581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.60%, 03/01/2029<sup>(b)</sup> |  | 302 | 246130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.903%, 02/21/2048<sup>(b)</sup> |  | 300 | 186750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.15%, 11/20/2059<sup>(b)</sup> |  | 305 | 196725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 01/31/2047<sup>(b)</sup> |  | 305 | 201300 |
|  El Salvador Government International Bond<br>6.375%, 01/18/2027<sup>(b)</sup> |  | 122 | 52826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 02/01/2041<sup>(b)</sup> |  | 602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.65%, 06/15/2035<sup>(b)</sup> |  | 57 | 22383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 02/28/2029<sup>(b)</sup> |  | 294 | 127118 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Gabon Government International Bond<br>6.625%, 02/06/2031<sup>(b)</sup>  | U.S.$| 200 | $163163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 06/16/2025<sup>(b)</sup> |  | 200 | 188000 |
|  Ghana Government International Bond<br>7.875%, 02/11/2035<sup>(a) (b) (g)</sup>  |  | 200 | 69975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.627%, 06/16/2049<sup>(a) (f) (g)</sup> |  | 279 | 95558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.95%, 03/26/2051<sup>(a) (b) (g)</sup> |  | 266 | 91654 |
|  Guatemala Government Bond<br>4.375%, 06/05/2027<sup>(b)</sup>  |  | 401 | 378018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/07/2041<sup>(b)</sup> |  | 215 | 172040 |
|  Hungary Government International Bond<br>2.125%, 09/22/2031<sup>(b)</sup>  |  | 877 | 644485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/16/2029<sup>(b)</sup> |  | 295 | 280490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/16/2034<sup>(b)</sup> |  | 223 | 207711 |
|  Indonesia Government International Bond<br>3.85%, 10/15/2030  |  | 315 | 295372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 01/17/2038<sup>(b)</sup> |  | 100 | 119738 |
|  Ivory Coast Government International Bond<br>6.125%, 06/15/2033<sup>(b)</sup>  |  | 200 | 178000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/22/2048<sup>(b)</sup> | EUR | 100 | 75253 |
|  Jamaica Government International Bond<br>8.00%, 03/15/2039 | U.S.$| 208 | 242489 |
|  Lebanon Government International Bond<br>6.00%, 01/27/2023<sup>(a) (b) (g)</sup>  |  | 36 | 2043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 10/04/2022<sup>(a) (b) (h)</sup> |  | 216 | 12420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 02/26/2025<sup>(a) (b) (g)</sup> |  | 206 | 11691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 11/27/2026<sup>(a) (b) (g)</sup> |  | 170 | 9648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 04/22/2024<sup>(a) (b) (g)</sup> |  | 57 | 3235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 03/23/2027<sup>(a) (b) (g)</sup> |  | 481 | 27146 |
|  Mexico Government International Bond<br>3.771%, 05/24/2061  |  | 840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/08/2044 |  | 140 | 112814 |
|  Morocco Government International Bond<br>2.375%, 12/15/2027<sup>(b)</sup> |  | 251 | 217397 |
|  Nigeria Government International Bond<br>6.125%, 09/28/2028<sup>(b)</sup>  |  | 209 | 160930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.143%, 02/23/2030<sup>(b)</sup> |  | 200 | 152750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 09/28/2033<sup>(b)</sup> |  | 363 | 257730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 11/28/2047<sup>(b)</sup> |  | 545 | 349481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.696%, 02/23/2038<sup>(b)</sup> |  | 240 | 162270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 09/28/2051<sup>(b)</sup> |  | 439 | 291935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 03/24/2029<sup>(b)</sup> |  | 207 | 170775 |
|  Oman Government International Bond<br>6.75%, 01/17/2048<sup>(b)</sup> |  | 386 | 359294 |
|  Panama Bonos del Tesoro Series DOM<br>3.362%, 06/30/2031 |  | 439 | 359157 |
|  Panama Government International Bond<br>3.87%, 07/23/2060  |  | 850 | 547612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 02/14/2035 |  | 200 | 202850 |
|  Panama Notas del Tesoro<br>3.75%, 04/17/2026 |  | 68 | 63890 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Paraguay Government International Bond<br>3.849%, 06/28/2033<sup>(b)</sup>  | U.S.$| 223 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/28/2031<sup>(b)</sup> |  | 463 | 446882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/2026<sup>(b)</sup> |  | 264 | 262977 |
|  Perusahaan Penerbit SBSN Indonesia III<br>4.15%, 03/29/2027<sup>(b)</sup> |  | 200 | 195772 |
|  Peruvian Government International Bond<br>2.78%, 12/01/2060  |  | 363 | 212310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.23%, 07/28/2121 |  | 210 | 122430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/18/2050 |  | 305 | 301912 |
|  Philippine Government International Bond<br>3.00%, 02/01/2028 |  | 330 | 306936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 07/06/2046 |  | 496 | 359655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.229%, 03/29/2027 |  | 225 | 212368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/29/2047 |  | 858 | 727852 |
|  Qatar Government International Bond<br>4.40%, 04/16/2050<sup>(b)</sup> |  | 864 | 786402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/23/2028<sup>(b)</sup> |  | 300 | 301884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.103%, 04/23/2048<sup>(b)</sup> |  | 239 | 238970 |
|  Republic of Azerbaijan International Bond<br>3.50%, 09/01/2032<sup>(b)</sup> |  | 265 | 219917 |
|  Republic of Poland Government International Bond<br>5.50%, 11/16/2027 |  | 223 | 228002 |
|  Republic of South Africa Government International Bond<br>5.75%, 09/30/2049  |  | 291 | 213157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/20/2032 |  | 370 | 332537 |
|  Romanian Government International Bond<br>3.00%, 02/14/2031<sup>(b)</sup>  |  | 174 | 136351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/27/2032<sup>(b)</sup> |  | 410 | 325130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/14/2051<sup>(b)</sup> |  | 210 | 137918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/25/2027<sup>(b)</sup> |  | 362 | 346343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/25/2034<sup>(b)</sup> |  | 82 | 76327 |
|  Saudi Government International Bond<br>3.45%, 02/02/2061<sup>(b)</sup>  |  | 435 | 309475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/04/2047<sup>(b)</sup> |  | 310 | 275861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/16/2050<sup>(b)</sup> |  | 401 | 393080 |
|  Senegal Government International Bond<br>4.75%, 03/13/2028<sup>(b)</sup>  | EUR | 230 | 212351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/23/2033<sup>(b)</sup> | U.S.$| 400 | 328450 |
|  Sharjah Sukuk Ltd.<br>3.764%, 09/17/2024<sup>(b)</sup> |  | 224 | 217952 |
|  Sri Lanka Government International Bond<br>6.20%, 05/11/2027<sup>(a) (b) (g)</sup>  |  | 314 | 90628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 11/03/2025<sup>(a) (b) (g)</sup> |  | 215 | 64540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.85%, 03/14/2029<sup>(a) (b) (g)</sup> |  | 578 | 166464 |
|  Turkey Government International Bond<br>4.875%, 04/16/2043  |  | 659 | 427238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/11/2047 |  | 280 | 189928 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Ukraine Government International Bond<br>6.75%, 06/20/2028<sup>(b)</sup>  | EUR | 173 | $| 33253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.876%, 05/21/2031<sup>(b)</sup> | U.S.$| 484 |  | 91597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 09/25/2034<sup>(b)</sup> |  | 281 |  | 52038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 09/01/2025<sup>(b)</sup> |  | 593 |  | 132980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 09/01/2026<sup>(b)</sup> |  | 371 |  | 77980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 09/01/2029<sup>(b)</sup> |  | 295 |  | 62651 |
|  Uruguay Government International Bond<br>4.375%, 01/23/2031  |  | 149 |  | 147888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.975%, 04/20/2055 |  | 62 |  | 60052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/18/2050 |  | 194 |  | 191259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 01/15/2033 |  | 95 |  | 118655 |
|  Venezuela Government International Bond<br>11.95%, 08/05/2031<sup>(a) (b) (g)</sup>  |  | 265 |  | 18515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.75%, 08/23/2022<sup>(a) (b) (h)</sup> |  | 564 |  | 39487 |
|  Zambia Government International Bond<br>8.97%, 07/30/2027<sup>(a) (b) (g)</sup> |  | 287 |  | 126280 |
|  Total Sovereign Bonds<br>(cost $33,562,249) | Total Sovereign Bonds<br>(cost $33,562,249) | Total Sovereign Bonds<br>(cost $33,562,249) |  | 27298985 |
|  **Corporate Bonds – 6.6%** | **Corporate Bonds – 6.6%** | **Corporate Bonds – 6.6%** | **Corporate Bonds – 6.6%** | **Corporate Bonds – 6.6%** |
|  Acu Petroleo Luxembourg SARL<br>7.50%, 01/13/2032<sup>(b)</sup> |  | 250 |  | 227000 |
|  Adani Green Energy Ltd.<br>4.375%, 09/08/2024<sup>(b)</sup> |  | 200 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180662 |
|  Alfa Desarrollo SpA<br>4.55%, 09/27/2051<sup>(b)</sup> |  | 364 |  | 276389 |
|  Aris Mining Corp.<br>6.875%, 08/09/2026<sup>(b)</sup> |  | 200 |  | 156713 |
|  Braskem Idesa SAPI<br>6.99%, 02/20/2032<sup>(b)</sup> |  | 219 |  | 156037 |
|  BRF SA 4.<br>875%, 01/24/2030<sup>(b)</sup> |  | 200 |  | 168412 |
|  Cemex SAB de CV<br>7.375%, 06/05/2027<sup>(b)</sup> |  | 200 |  | 204750 |
|  Central American Bottling Corp./CBC<br>Bottling Holdco SL/Beliv Holdco SL<br>5.25%, 04/27/2029<sup>(b)</sup> |  | 66 |  | 61661 |
|  Cia de Minas Buenaventura SAA<br>5.50%, 07/23/2026<sup>(b)</sup> |  | 200 |  | 171100 |
|  Cometa Energia SA de CV<br>6.375%, 04/24/2035<sup>(b)</sup> |  | 343 |  | 324439 |
|  CSN Resources SA 4.<br>625%, 06/10/2031<sup>(b)</sup> |  | 200 |  | 157912 |
|  Digicel Group Holdings Ltd.<br>7.00%, 01/17/2023<sup>(f) (i) (j)</sup> |  | 18 |  | 1629 |
|  Ecopetrol SA<br>5.875%, 11/02/2051  |  | 216 |  | 145260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/29/2030 |  | 401 |  | 362905 |
|  Embraer Netherlands Finance BV<br>5.40%, 02/01/2027 |  | 79 |  | 75657 |
|  Empresa Generadora de Electricidad Haina SA<br>5.625%, 11/08/2028<sup>(b)</sup> |  | 250 |  | 221531 |
|  Empresas Publicas de Medellin ESP<br>4.25%, 07/18/2029<sup>(b)</sup>  |  | 200 |  | 158412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/08/2027 | COP | 418000 |  | 64558 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  GNL Quintero SA<br>4.634%, 07/31/2029<sup>(b)</sup> | U.S.$| 165 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158883 |
|  Gran Tierra Energy International Holdings Ltd.<br>6.25%, 02/15/2025<sup>(b)</sup> |  | 200 | 174287 |
|  Greenko Dutch BV<br>3.85%, 03/29/2026<sup>(b)</sup> |  | 191 | 165692 |
|  Hunt Oil Co. of Peru LLC Sucursal Del Peru<br>6.375%, 06/01/2028<sup>(b)</sup> |  | 175 | 165656 |
|  India Clean Energy Holdings<br>4.50%, 04/18/2027<sup>(b)</sup> |  | 200 | 158475 |
|  Iochpe-Maxion Austria GmbH/Maxion Wheels de Mexico S de RL de CV<br>5.00%, 05/07/2028<sup>(b)</sup> |  | 200 | 166037 |
|  JSW Hydro Energy Ltd.<br>4.125%, 05/18/2031<sup>(b)</sup> |  | 177 | 147275 |
|  JSW Infrastructure Ltd.<br>4.95%, 01/21/2029<sup>(b)</sup> |  | 200 | 170725 |
|  Leviathan Bond Ltd.<br>6.75%, 06/30/2030<sup>(b)</sup> |  | 87 | 81789 |
|  Lima Metro Line 2 Finance Ltd.<br>4.35%, 04/05/2036<sup>(b)</sup> |  | 321 | 284498 |
|  Medco Oak Tree Pte Ltd.<br>7.375%, 05/14/2026<sup>(b)</sup> |  | 200 | 189750 |
|  Melco Resorts Finance Ltd.<br>5.75%, 07/21/2028<sup>(b)</sup> |  | 200 | 165000 |
|  Minejesa Capital BV<br>5.625%, 08/10/2037<sup>(b)</sup> |  | 215 | 165859 |
|  NBM US Holdings, Inc.<br>7.00%, 05/14/2026<sup>(b)</sup> |  | 205 | 203309 |
|  Odebrecht Holdco Finance Ltd.<br>Zero Coupon, 09/10/2058<sup>(b)</sup> |  | 132 | 248 |
|  OEC Finance Ltd.<br>7.125%, 12/26/2046<sup>(b) (j)</sup> |  | 132 | 3211 |
|  Power Finance Corp., Ltd.<br>Series G<br>3.35%, 05/16/2031<sup>(b)</sup> |  | 200 | 165282 |
|  Powerlong Real Estate Holdings Ltd.<br>5.95%, 04/30/2025<sup>(b)</sup> |  | 225 | 63745 |
|  Saudi Arabian Oil Co.<br>1.625%, 11/24/2025<sup>(b)</sup> |  | 265 | 240703 |
|  Shimao Group Holdings Ltd.<br>5.20%, 01/16/2027<sup>(a) (b) (g)</sup>  |  | 200 | 33000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 07/15/2026<sup>(a) (b) (g)</sup> |  | 200 | 33000 |
|  SierraCol Energy Andina LLC<br>6.00%, 06/15/2028<sup>(b)</sup> |  | 200 | 153787 |
|  Studio City Finance Ltd.<br>6.50%, 01/15/2028<sup>(b)</sup> |  | 200 | 153413 |
|  Sunac China Holdings Ltd.<br>5.95%, 04/26/2024<sup>(a) (b) (g)</sup> |  | 270 | 56025 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Tengizchevroil Finance Co. International Ltd.<br>3.25%, 08/15/2030<sup>(b)</sup> | U.S.$| 305 | $| 216321 |
|  Times China Holdings Ltd.<br>6.20%, 03/22/2026<sup>(b)</sup> |  | 200 |  | 32100 |
|  Tonon Luxembourg SA<br>6.50% (0.50% Cash and 6.00% PIK),<br>10/31/2024<sup>(a) (e) (f) (g) (j)</sup> |  | 105 |  | 11 |
|  TransJamaican Highway Ltd.<br>5.75%, 10/10/2036<sup>(b)</sup> |  | 152 |  | 121936 |
|  TSMC Arizona Corp.<br>3.875%, 04/22/2027 |  | 320 |  | 305860 |
|  Tullow Oil PLC<br>10.25%, 05/15/2026<sup>(b)</sup> |  | 224 |  | 178080 |
|  Vale Overseas Ltd.<br>3.75%, 07/08/2030 |  | 150 |  | 131044 |
|  Vedanta Resources Finance II PLC<br>13.875%, 01/21/2024<sup>(b)</sup> |  | 355 |  | 307807 |
|  Virgolino de Oliveira Finance SA<br>11.75%, 02/09/2022<sup>(a) (c) (e) (f) (h)</sup> |  | 202 |  | 20 |
|  Volcan Cia Minera SAA<br>4.375%, 02/11/2026<sup>(b)</sup> |  | 85 |  | 73090 |
|  Weibo Corp.<br>3.375%, 07/08/2030 |  | 200 |  | 152413 |
|  Total Corporate Bonds<br>(cost $9,798,981) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7933358 |
|  **Quasi-Sovereign Bonds – 6.2%** | **Quasi-Sovereign Bonds – 6.2%** | **Quasi-Sovereign Bonds – 6.2%** | **Quasi-Sovereign Bonds – 6.2%** | **Quasi-Sovereign Bonds – 6.2%** |
|  Comision Federal de Electricidad<br>4.677%, 02/09/2051<sup>(b)</sup> <br>|  | 200 |  | 129788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/29/2036<sup>(b)</sup> |  | 224 |  | 181764 |
|  Corp. Nacional del Cobre de Chile<br>3.00%, 09/30/2029<sup>(b)</sup> |  | 540 |  | 470745 |
|  DP World Ltd./United Arab Emirates<br>4.70%, 09/30/2049<sup>(b)</sup> |  | 410 |  | 343580 |
|  DP World Salaam<br>6.00%, 10/01/2025<sup>(b) (i)</sup> |  | 313 |  | 309087 |
|  Empresa de Transporte de Pasajeros<br>Metro SA<br>5.00%, 01/25/2047<sup>(b)</sup> |  | 200 |  | 173350 |
|  Eskom Holdings SOC Ltd.<br>6.75%, 08/06/2023<sup>(b)</sup><br>|  | 363 |  | 348321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/11/2025<sup>(b)</sup> |  | 200 |  | 181475 |
|  Export-Import Bank of China (The)<br>4.00%, 11/28/2047<sup>(b)</sup> |  | 593 |  | 501358 |
|  KazMunayGas National Co. JSC<br>5.375%, 04/24/2030<sup>(b)</sup> |  | 218 |  | 193516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/19/2047<sup>(b)</sup><br>|  | 200 |  | 152663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 10/24/2048<sup>(b)</sup> |  | 200 |  | 163412 |
|  Lamar Funding Ltd.<br>3.958%, 05/07/2025<sup>(b)</sup> |  | 364 |  | 343479 |
|  NAK Naftogaz Ukraine via Kondor Finance PLC<br>7.375%, 09/15/2022<sup>(a) (f) (h)</sup> |  | 200 |  | 38000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 11/08/2026<sup>(a) (f) (g)</sup> |  | 200 |  | 32000 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Oil and Gas Holding Co. BSCC (The)<br>7.50%, 10/25/2027<sup>(b)</sup> | U.S.$| 259 | $264229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 11/07/2024<sup>(b)</sup> |  | 200 | 203287 |
|  Pertamina Persero PT<br>2.30%, 02/09/2031<sup>(b)</sup> |  | 1055 | 849391 |
|  Petroleos de Venezuela SA<br>5.375%, 04/12/2027<sup>(a) (b) (g)</sup> |  | 226 | 10269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/15/2026<sup>(a) (b) (g)</sup> |  | 220 | 9350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 11/17/2021<sup>(a) (b) (h)</sup> |  | 128 | 5459 |
|  Petroleos Mexicanos<br>6.70%, 02/16/2032 |  | 189 | 148129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/21/2047 |  | 324 | 206349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 01/28/2060 |  | 855 | 541001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.69%, 01/23/2050 |  | 185 | 127881 |
|  Petronas Energy Canada Ltd.<br>2.112%, 03/23/2028 <sup>(b)</sup> |  | 240 | 210569 |
|  QatarEnergy Trading LLC<br>3.30%, 07/12/2051<sup>(b)</sup> |  | 706 | 516836 |
|  Sinochem Offshore Capital Co., Ltd.<br>2.375%, 09/23/2031<sup>(b)</sup> |  | 200 | 151588 |
|  Sinopec Group Overseas Development 2018 Ltd.<br>2.70%, 05/13/2030<sup>(b)</sup> |  | 347 | 304659 |
|  State Agency of Roads of Ukraine<br>6.25%, 06/24/2030<sup>(f)</sup> |  | 360 | 62393 |
|  State Oil Co. of the Azerbaijan Republic<br>6.95%, 03/18/2030<sup>(b)</sup> |  | 321 | 330088 |
|  State Savings Bank of Ukraine Via SSB #1 PLC<br>9.625%, 03/20/2025<sup>(b)</sup> |  | 60 | 27038 |
|  Total Quasi-Sovereign Bonds<br>(cost $9,433,760) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7531054 |
|  **Emerging Markets - Treasuries – 1.0%** |  |  |  |
|  Brazil Notas do Tesouro Nacional<br>Series F<br>10.00%, 01/01/2031 | BRL | 3210 | 530408 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series NTNF<br>10.00%, 01/01/2029 |  | 4270 | 723036 |
|  Total Emerging Markets - Treasuries<br>(cost $1,339,515) |  |  | 1253444 |
|  **Treasury Bonds – 0.6%** |  |  |  |
|  Colombian TES<br>Series B<br>7.00%, 03/26/2031 | COP | 1206800 | 175817 |
|  Peru Government Bond<br>5.94%, 02/12/2029 | PEN | 2186 | 527302 |
|  Total Treasury Bonds<br>(cost $718,753) |  |  | 703119 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Company** | **Company** | **Shares** | **U.S. $ Value** | **U.S. $ Value** |
|  Total Fixed Income<br>(cost $54,853,258) |  |  | $| 44719960 |
|  **EQUITY LINKED NOTES – 0.8%** |  |  |  |  |
|  **Information Technology – 0.8%** |  |  |  |  |
|  **IT Services – 0.8%** |  |  |  |  |
|  FPT Corp., Macquarie Bank Ltd., expiring 04/05/2023<sup>(a)</sup><br>(cost $384,227) |  | 300648 |  | 980693 |
|  **INVESTMENT COMPANIES – 0.2%** |  |  |  |  |
|  **Fund and Investment Trusts – 0.2%** |  |  |  |  |
|  DCVFMVN30 ETF Fund<sup>(a) (k)</sup><br>(cost $97,798) |  | 239030 |  | 175592 |
|  | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** |  |  |
|  **SHORT-TERM INVESTMENTS – 3.4%** | **SHORT-TERM INVESTMENTS – 3.4%** | **SHORT-TERM INVESTMENTS – 3.4%** | **SHORT-TERM INVESTMENTS – 3.4%** | **SHORT-TERM INVESTMENTS – 3.4%** |
|  **U.S. Treasury Bills – 3.1%** | **U.S. Treasury Bills – 3.1%** | **U.S. Treasury Bills – 3.1%** | **U.S. Treasury Bills – 3.1%** | **U.S. Treasury Bills – 3.1%** |
|  U.S. Treasury Bill<br>Zero Coupon, 03/16/2023  | U.S.$| 1300 |  | 1289093 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 03/30/2023 |  | 1270 |  | 1256954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 04/25/2023 |  | 1275 |  | 1257111 |
|  Total U.S. Treasury Bills<br>(cost $3,803,140) | Total U.S. Treasury Bills<br>(cost $3,803,140) | Total U.S. Treasury Bills<br>(cost $3,803,140) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3803158 |
|  **Time Deposits – 0.3%** | **Time Deposits – 0.3%** | **Time Deposits – 0.3%** | **Time Deposits – 0.3%** | **Time Deposits – 0.3%** |
|  ANZ, Hong Kong<br>1.56%, 01/03/2023 | AUD | 15 |  | 10440 |
|  ANZ, London<br>2.30%, 01/03/2023 | GBP | 7 |  | 7918 |
|  BBH, Grand Cayman<br>0.20%, 01/03/2023  | CHF | 1 |  | 1345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 01/02/2023 | NOK | 2 |  | 177 |
|  Citibank, London<br>1.10%, 01/02/2023 | EUR | 18 |  | 19601 |
|  Hong Kong & Shanghai Bank, Hong Kong<br>2.47%, 01/03/2023 | HKD | 1961 |  | 251207 |
|  Hong Kong & Shanghai Bank, Singapore<br>1.80%, 01/03/2023 | SGD | 1 |  | 678 |
|  Royal Bank of Canada, Toronto<br>3.06%, 01/03/2023 | CAD | 4 |  | 2982 |
|  SEB, Stockholm<br>(12.63)%, 01/02/2023 | SEK | 9 |  | 889 |
|  Standard Chartered Bank, Johannesburg<br>4.84%, 01/03/2023 | ZAR | 122 |  | 7183 |
|  Sumitomo, Tokyo<br>(0.33)%, 01/04/2023 | JPY | 6010 |  | 45793 |
|  Total Time Deposits<br>(cost $348,213) |  |  |  | 348213 |
|  Total Short-Term Investments<br>(cost $4,151,353) |  |  |  | 4151371 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **Total Investments Before Security Lending Collateral for Securities Loaned – 99.2%**<br>(cost $129,879,228) |  | $120287512 |
|  **INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%** | **INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%** | **INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%** |
|  **Investment Companies – 0.3%** | **Investment Companies – 0.3%** | **Investment Companies – 0.3%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio -<br>Class AB, 4.12%<sup>(k) (l) (m)</sup><br>(cost $383,400) | 383400 | 383400 |
|  **Total Investments – 99.5%**<br>(cost $130,262,628)<sup>(n)</sup> |  | 120670912 |
|  Other assets less liabilities – 0.5% |  | 639052 |
|  **Net Assets – 100.0%** |  | $**121309964** |

---

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Purchased Contracts** |  |  |  |  |
| FTSE China A50 Index Futures | 130 | January 2023 | $1697676 | $15282 |
| Hang Seng Index Futures | 86 | January 2023 | 3697229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17580) |
| MSCI Emerging Markets Index Futures | 42 | March 2023 | 2014740 | (2065) |
| U.S. 10 Yr Ultra Futures | 2 | March 2023 | 236562 | (1586) |
| U.S. T-Note 2 Yr (CBT) Futures | 5 | March 2023 | 1025391 | 1211 |
| U.S. T-Note 10 Yr (CBT) Futures | 26 | March 2023 | 2919719 | (16672) |
|  |  |  |  | $(21410) |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver**<br> **(000)** | **Contracts to<br>Deliver**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Bank of America, NA | USD | 1762 | PHP | 104428 | 01/26/2023 | $115229 |
| Bank of America, NA | KRW | 3964679 | USD | 2774 | 01/30/2023 | (376042) |
| Bank of America, NA | TWD | 68006 | USD | 2261 | 03/16/2023 | 31553 |
| Barclays Bank PLC | USD | 922 | MXN | 17995 | 01/19/2023 | (736) |
| Barclays Bank PLC | USD | 2711 | HUF | 1079463 | 01/30/2023 | 159667 |
| Barclays Bank PLC | USD | 1378 | KRW | 1837608 | 01/30/2023 | 82295 |
| Barclays Bank PLC | MYR | 4029 | USD | 917 | 03/16/2023 | (8174) |
| Barclays Bank PLC | USD | 8208 | INR | 683956 | 03/16/2023 | 21479 |
| BNP Paribas SA | USD | 1459 | COP | 7109852 | 01/19/2023 | 3335 |
| BNP Paribas SA | USD | 106 | IDR | 1656245 | 01/26/2023 | 576 |
| Brown Brothers Harriman & Co. | TRY | 12250 | USD | 649 | 01/12/2023 | (2592) |
| Brown Brothers Harriman & Co. | USD | 1572 | THB | 55806 | 01/19/2023 | 41727 |
| Brown Brothers Harriman & Co. | USD | 212 | ZAR | 3680 | 02/16/2023 | 3954 |
| Citibank, NA | USD | 1254 | PHP | 74859 | 01/26/2023 | 91174 |
| Citibank, NA | USD | 1804 | CNH | 12771 | 02/16/2023 | 47355 |
| Deutsche Bank AG | THB | 10576 | USD | 287 | 01/19/2023 | (18554) |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Deutsche Bank AG | USD | 1705 | PLN | 7763 | 01/30/2023 | $62396 |
| Deutsche Bank AG | CNH | 60735 | USD | 8486 | 02/16/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(320057) |
| HSBC Bank USA | PEN | 3459 | USD | 899 | 01/19/2023 | (10912) |
| HSBC Bank USA | USD | 2472 | IDR | 38634343 | 01/26/2023 | 18818 |
| JPMorgan Chase Bank, NA | USD | 905 | COP | 4544741 | 01/19/2023 | 29501 |
| JPMorgan Chase Bank, NA | CZK | 22680 | USD | 965 | 01/30/2023 | (36543) |
| Morgan Stanley Capital Services LLC | BRL | 10129 | USD | 1941 | 01/04/2023 | 22815 |
| Morgan Stanley Capital Services LLC | BRL | 10129 | USD | 1867 | 01/04/2023 | (51228) |
| Morgan Stanley Capital Services LLC | USD | 3866 | BRL | 20258 | 01/04/2023 | (28921) |
| Morgan Stanley Capital Services LLC | IDR | 40268808 | USD | 2566 | 01/26/2023 | (29745) |
| Morgan Stanley Capital Services LLC | BRL | 10129 | USD | 1914 | 02/02/2023 | 7003 |
| Morgan Stanley Capital Services LLC | CNH | 5468 | USD | 762 | 02/16/2023 | (30617) |
| UBS AG | CLP | 1513382 | USD | 1679 | 01/19/2023 | (102637) |
|  |  |  |  |  |  | $(277881) |

---

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>December 31,<br>2022** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums**<br> **Paid/**<br> **(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-EM Series 38, 5 Year Index, 12/20/2027\* | (1.00)% | Quarterly | 2.39% | USD | 17928 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044475 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1230444 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(185969) |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa Government International Bond, 5.875%, 09/16/2025, 12/20/2027\* | (1.00) | Quarterly | 2.48 | USD | 480 | 30227 | 35221 | (4994) |
| **Sale Contracts** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Government International Bond, 4.250%, 01/07/2025, 12/20/2027\* | 1.00 | Quarterly | 2.51 | USD | 170 | (10925) | (12252) | 1327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colombia Government International Bond, 10.375%, 01/28/2033, 12/20/2027\* | 1.00 | Quarterly | 2.72 | USD | 210 | (15239) | (17642) | 2403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia Government International Bond, 4.125%, 01/15/2025, 12/20/2027\* | 1.00 | Quarterly | 1.00 | USD | 320 | 109 | (1527) | 1636 |
| &nbsp;&nbsp;&nbsp;&nbsp; People's Republic of China, 7.500%, 10/28/2027, 12/20/2027\* | 1.00 | Quarterly | 0.74 | USD | 240 | 2819 | 1897 | 922 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>December 31,<br>2022** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums**<br> **Paid/**<br> **(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkey Government International Bond, 11.875%, 01/15/2030, 12/20/2027\* | 1.00% | Quarterly | 5.07% | USD | 370 | $(58854) | $(69806) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10952 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Mexican States, 4.150%, 03/28/2027, 12/20/2027\* | 1.00 | Quarterly | 1.31 | USD | 150 | (1976) | (2674) | 698 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990636 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1163661 | $(173025) |

---

*\** *Termination date* 

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 4290 | 05/13/2032 | 1 Day<br> SOFR | 1.670% | Annual | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(664996) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(664996) |

---

**TOTAL RETURN SWAPS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty & <br>Referenced Obligation** | **Rate Paid/<br>Received** | **Payment<br>Frequency** | **Current<br>Notional<br>(000)** | **Current<br>Notional<br>(000)** | **Maturity<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** | **Receive Total Return on Reference Obligation** |
| Goldman Sachs International MSCI Emerging Markets Growth | FedFundEffective Plus 0.69% | Maturity | USD | 12468 | 06/15/2023 | $(97793) |

---

**VARIANCE SWAPS** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Swap Counterparty & <br>Referenced Obligation** | **Volatility<br>Strike<br>Rate** | **Payment<br>Frequency** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>(Paid)/<br>Received** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** |  |  |  |  |  |  |  |
| UBS AG NASDAQ 100 Stock Index 02/17/2023\* | 33.50% | Maturity | USD | 3 | $(17257) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(17257) |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index 02/17/2023\* | 27.10 | Maturity | USD | 2 | (7900) |  | (7900) |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P/ASX 200 Index 03/16/2023\* | 17.65 | Maturity | AUD | 5 | (756) |  | (756) |
| **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** | **Sale Contracts** |
|  Citibank, NA<br>NASDAQ 100 Stock Index 02/17/2023\* | 31.25 | Maturity | USD | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9751 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9751 |
|  Goldman Sachs International<br>S&P 500 Index 02/17/2023\* | 24.90 | Maturity | USD | 2 | 4187 |  | 4187 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Swap Counterparty & <br>Referenced Obligation** | **Volatility<br>Strike<br>Rate** | **Payment<br>Frequency** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>(Paid)/<br>Received** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| JPMorgan Chase Bank, NA | JPMorgan Chase Bank, NA | JPMorgan Chase Bank, NA | JPMorgan Chase Bank, NA | JPMorgan Chase Bank, NA | JPMorgan Chase Bank, NA | JPMorgan Chase Bank, NA | JPMorgan Chase Bank, NA |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P/ASX 200 Index 03/16/2023\* | 17.36 | Maturity | AUD | 5 | $(292) | $— | $(292) |
|  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12267) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12267) |

---

*\** *Termination date* 

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

*(b)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At December 31, 2022, the aggregate market value of these securities amounted to $32,524,838 or 26.8% of net assets.* 

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

*(d)* *Represents entire or partial securities out on loan.* 

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

*(f)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.19% of net assets as of December 31, 2022, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of**<br> **Net Assets** |
|  *Digicel Group Holdings Ltd. 7.00%, 01/17/2023* | *01/14/2019* | $*14219* | | $*1629* | | *0.00%* |
|  *Ghana Government International Bond 8.627%, 06/16/2049* | *01/17/2023* | *100635* | | *95558* | | *0.08%* |
|  *NAK Naftogaz Ukraine via Kondor Finance PLC 7.375%, 09/15/2022* | *12/08/2021* | *200000* | | *38000* | | *0.03%* |
|  *NAK Naftogaz Ukraine via Kondor Finance PLC 7.625%, 11/08/2026* | *11/04/2019* | *200000* | | *32000* | | *0.03%* |
|  *PhosAgro PJSC (GDR)* | *09/06/2019* | *89757* | | *0* | | *0.00%* |
|  *Polyus PJSC (GDR)* | *09/06/2019* | *4388* | | *0* | | *0.00%* |
|  *State Agency of Roads of Ukraine 6.25%, 06/24/2030* | *06/17/2021* | *360000* | | *62393* | | *0.05%* |
|  *Tonon Luxembourg SA 6.50%, 10/31/2024* | *05/03/2019* | *199358* | | *11* | | *0.00%* |
|  *Virgolino de Oliveira Finance SA 11.75%, 02/09/2022* | *07/12/2013* | *172628* | | *20* | | *0.00%* |
|  *X5 Retail Group NV (GDR)* | *08/18/2020* | *663676* | | *0* | | *0.00%* |

---

*(g)* *Defaulted.* 

*(h)* *Defaulted matured security.* 

*(i)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.* 

*(j)* *Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at December 31, 2022.* 

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

*(l)* *Affiliated investments.* 

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

------

*(n)* *As of December 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $9,904,506 and gross unrealized depreciation of investments was $(20,743,594), resulting in net unrealized depreciation of $(10,839,088).* 

*Currency Abbreviations:* 

*AUD – Australian Dollar* 

*BRL – Brazilian Real* 

*CAD – Canadian Dollar* 

*CHF – Swiss Franc* 

*CLP – Chilean Peso* 

*CNH – Chinese Yuan Renminbi (Offshore)* 

*COP – Colombian Peso* 

*CZK – Czech Koruna* 

*EUR – Euro* 

*GBP – Great British Pound* 

*HKD – Hong Kong Dollar* 

*HUF – Hungarian Forint* 

*IDR – Indonesian Rupiah* 

*INR – Indian Rupee* 

*JPY – Japanese Yen* 

*KRW – South Korean Won* 

*MXN – Mexican Peso* 

*MYR – Malaysian Ringgit* 

*NOK – Norwegian Krone* 

*PEN – Peruvian Sol* 

*PHP – Philippine Peso* 

*PLN – Polish Zloty* 

*SEK – Swedish Krona* 

*SGD* *– Singapore Dollar* 

*THB – Thailand Baht* 

*TRY – Turkish Lira* 

*TWD – New Taiwan Dollar* 

*USD – United States Dollar* 

*ZAR – South African Rand* 

*Glossary:* 

*ADR – American Depositary Receipt* 

*ASX – Australian Stock Exchange* 

*CBT – Chicago Board of Trade* 

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

*ETF – Exchange Traded Fund* 

*FedFundEffective – Federal Funds Effective Rate* 

*FTSE – Financial Times Stock Exchange* 

*GDR – Global Depositary Receipt* 

*JSC – Joint Stock Company* 

*MSCI – Morgan Stanley Capital International* 

*NASDAQ – National Association of Securities Dealers Automated Quotations* 

*PJSC – Public Joint Stock Company* 

*SOFR – Secured Overnight Financing Rate* 

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

**December 31, 2022 (unaudited)** 

18.3 % China

9.9 % South Korea

9.4 % Taiwan

7.6 % India

6.5 % Brazil

2.9 % Indonesia

2.8 % Mexico

2.5 % Chile

2.0 % Colombia

2.0 % South Africa

1.9 % Philippines

1.8 % Argentina

1.6 % Peru

27.3 % Other

3.5 % Short-Term Investments

100.0 % Total Investments

---

| | |
|:---|:---|
| 1 | The Fund's country breakdown is expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see "Portfolio of Investments" section of the report for additional details). "Other" country weightings represent 1.6% or less in the following: Angola, Australia, Azerbaijan, Bahrain, Cayman Islands, Czech Republic, Dominican Republic, Ecuador, Egypt, El Salvador, Gabon, Ghana, Greece, Guatemala, Hong Kong, Hungary, Israel, Ivory Coast, Jamaica, Japan, Kazakhstan, Lebanon, Luxembourg, Macau, Malaysia, Morocco, Nigeria, Oman, Panama, Paraguay, Poland, Qatar, Romania, Russia, Saudi Arabia, Senegal, Sri Lanka, Thailand, Turkey, Ukraine, United Arab Emirates, United States, Uruguay, Venezuela, Vietnam and Zambia.  |

---

------

**AB Emerging Markets Multi-Asset Portfolio** 

**December 31, 2022 (unaudited)** 

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

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

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

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

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

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

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

------

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of December 31, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | $1613648 | $17950155 | $0<sup>#</sup> | $19563803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | 2260528 | 11756488 | -0- | 14017016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | 687552 | 12900961 | -0- | 13588513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 879329 | 4328296 | 0<sup>#</sup> | 5207625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | -0- | 3414714 | 0<sup>#</sup> | 3414714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | 1203399 | 2073948 | 0<sup>#</sup> | 3277347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | -0- | 3067726 | 0<sup>#</sup> | 3067726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | -0- | 3028803 | 0<sup>#</sup> | 3028803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 69235 | 2916267 | -0- | 2985502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | 5152 | 1122211 | -0- | 1127363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | 59195 | 866413 | 55876 | 981484 |
| Fixed Income Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sovereign Bonds | -0- | 27298985 | -0- | 27298985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | -0- | 7933338 | 20 | 7933358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quasi-Sovereign Bonds | -0- | 7531054 | -0- | 7531054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets - Treasuries | -0- | 1253444 | -0- | 1253444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury Bonds | -0- | 703119 | -0- | 703119 |
| Equity Linked Notes | -0- | 980693 | -0- | 980693 |
| Investment Companies | -0- | 175592 | -0- | 175592 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills | -0- | 3803158 | -0- | 3803158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | -0- | 348213 | -0- | 348213 |
| Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund | 383400 | -0- | -0- | 383400 |
| Total Investments in Securities | 7161438 | 113453578 | 55896 | 120670912 |
| **Other Financial Instruments\*:** |  |  |  |  |
| **Assets** |  |  |  |  |
| Futures | 1211 | 15282 | -0- | 16493 |
| Forward Currency Exchange Contracts | -0- | 738877 | -0- | 738877 |
| Centrally Cleared Credit Default Swaps | -0- | 1077630 | -0- | 1077630 |
| Variance Swaps | -0- | 13938 | -0- | 13938 |
| **Liabilities** |  |  |  |  |
| Futures | (20323) | (17580) | -0- | (37903) |
| Forward Currency Exchange Contracts | -0- | (1016758) | -0- | (1016758) |
| Centrally Cleared Credit Default Swaps | -0- | (86994) | -0- | (86994) |
| Centrally Cleared Interest Rate Swaps | -0- | (664996) | -0- | (664996) |
|  Total Return Swaps | -0- | (97793) | -0- | (97793) |
|  Variance Swaps | -0- | (26205) | -0- | (26205) |
| **Total** | $**7142326** | $**113388979** | $**55896** | $**120587201** |

---

*#* *The Fund held securities with zero market value at period end.* 

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

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

A summary of the Fund's transactions in AB mutual funds for the nine months ended December 31, 2022 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <br>**Fund** | **Market Value**<br>**3/31/22**<br>**(000)** | **Purchases**<br>**at Cost**<br>**(000)** | **Sales**<br>**Proceeds**<br>**(000)** | **Market Value**<br>**12/31/22**<br>**(000)** | **Dividend**<br>**Income**<br>**(000)** |
| Government Money Market Portfolio | $-0- | $49939 | $49939 | $-0- | $24 |
| Government Money Market Portfolio*\** | 477 | 6886 | 6980 | 383 | 8 |
| Total |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32 |

---

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $127807206.70

**Total Liabilities:** $6492737.92

**Net Assets:** $121314468.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.10000000 | **1-Year:** 3.42000000 | **5-Year:** -307.58000000 | **10-Year:** -1867.28000000 | **30-Year:** -2384.76000000

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

- **3-Month:** 0.19000000 | **1-Year:** 1.67000000 | **5-Year:** 10964.49000000 | **10-Year:** -6857.34000000 | **30-Year:** -21568.05000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000103969 | -1.97%               | 13.89%               | -1.68%               |
| Class ID C000194530 | -1.98%               | 13.84%               | -1.69%               |
| Class ID C000103972 | -1.99%               | 13.88%               | -1.69%               |
| Class ID C000103967 | -1.97%               | 13.93%               | -1.76%               |
| Class ID C000103971 | -1.97%               | 13.89%               | -1.67%               |
| Class ID C000103970 | -2.11%               | 14.00%               | -1.76%               |
| Class ID C000103968 | -2.13%               | 13.86%               | -1.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1929561.55             | $1151068.68                                |
| Month 2  | $-1763342.59             | $15294322.61                               |
| Month 3  | $-659377.78              | $-1754919.63                               |

**Designated Index Information**

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

- **Index Identifier:** MIEF00000PUS:MSI

### Schedule of Portfolio Investments

| Name                                                 | Title                                                                                                                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Manila Electric Co                                   | Manila Electric Co                                                                                                                                 | CUSIP: 000000000<br>LEI: 254900RDFLCM12O8SK69 | Long             | EC               | CORP              | PH        |      14680 | NS      | $78876.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                             | Brazil Notas do Tesouro Nacional Serie F                                                                                                           | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    3210000 | PA      | $530408.46    | 0.44%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                             | Petroleos de Venezuela SA                                                                                                                          | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     225700 | PA      | $10269.35     | 0.01%             | 2027-04-12      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co                                 | Saudi Arabian Oil Co                                                                                                                               | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | EC               | CORP              | SA        |       9970 | NS      | $85581.83     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Lebanese Republic                                    | Lebanon Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     170000 | PA      | $9647.50      | 0.01%             | 2026-11-27      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                  | Nigeria Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     200000 | PA      | $152750.00    | 0.13%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association            | Long: IS2K813   AS51 /LONG/ / Short: IS2K813   AS51 /SHORT/                                                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |      46004 | OU      | $-292.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co Ltd                                    | PetroChina Co Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | HK        |    3750000 | NS      | $1712975.71   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                     | ArcelorMittal SA                                                                                                                                   | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |       4856 | NS      | $128111.74    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                 | Colombia Government International Bond                                                                                                             | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     502000 | PA      | $344434.75    | 0.28%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JD.com Inc                                           | JD.com Inc                                                                                                                                         | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |      46839 | NS      | $1307587.57   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                    | PURCHASED KRW / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | KR        |          1 | NC      | $82295.07     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited      | FUTURE CONTRACT ON FTSE CHINA A50 JAN23                                                                                                            | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |        130 | NC      | $15281.52     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Korean Air Lines Co Ltd                              | Korean Air Lines Co Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 988400C2UFBF4B660C58 | Long             | EC               | CORP              | KR        |       4346 | NS      | $79199.08     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                  | Nigeria Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     239000 | PA      | $158935.00    | 0.13%             | 2051-09-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                  | PURCHASED USD / SOLD BRL                                                                                                                           | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-51227.70    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                | Venezuela Government International Bond                                                                                                            | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     264500 | PA      | $18515.00     | 0.02%             | 2031-08-05      | Fixed         | 11.95%                | No            |                  2 | On Loan: No      |
| UBS AG                                               | Long: IS2JPD1   NDX /LONG/ / Short: IS2JPD1   NDX /SHORT/                                                                                          | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |         52 | OU      | $-17256.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | FUTURE CONTRACT ON US 10YR ULTRA FUT MAR23                                                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          2 | NC      | $-1585.94     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                              | KazMunayGas National Co JSC                                                                                                                        | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     218000 | PA      | $193515.88    | 0.16%             | 2030-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Page Industries Ltd                                  | Page Industries Ltd                                                                                                                                | CUSIP: 000000000<br>LEI: 335800D6UFCCKUP3KD53 | Long             | EC               | CORP              | IN        |         82 | NS      | $42490.25     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                      | Nigeria Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     545000 | PA      | $349481.25    | 0.29%             | 2047-11-28      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| HUNT OIL CO OF PERU                                  | Hunt Oil Co of Peru LLC Sucursal Del Peru                                                                                                          | CUSIP: 000000000<br>LEI: 549300SVO0550J3IKN50 | Long             | DBT              | CORP              | PE        |     174800 | PA      | $165655.78    | 0.14%             | 2028-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                | Sri Lanka Government International Bond                                                                                                            | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |     215000 | PA      | $64540.31     | 0.05%             | 2025-11-03      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                | Argentine Republic Government International Bond                                                                                                   | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    1018903 | PA      | $320827.08    | 0.26%             | 2038-01-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| CIA DE MINAS BUENAVENTUR                             | Cia de Minas Buenaventura SAA                                                                                                                      | CUSIP: 000000000<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $171100.00    | 0.14%             | 2026-07-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                          | LUKOIL PJSC                                                                                                                                        | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      18789 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| State of Qatar                                       | Qatar Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |     300000 | PA      | $301884.00    | 0.25%             | 2028-04-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| China Medical System Holdings Ltd                    | China Medical System Holdings Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 529900Z57DVJXUBLHX66 | Long             | EC               | CORP              | HK        |      40000 | NS      | $62591.56     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                             | Volcan Cia Minera SAA                                                                                                                              | CUSIP: 92863UAB2<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |      20000 | PA      | $17197.50     | 0.01%             | 2026-02-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Bidvest Group Ltd/The                                | Bidvest Group Ltd/The                                                                                                                              | CUSIP: 000000000<br>LEI: 5299002ARE4TRMIRGM72 | Long             | EC               | CORP              | ZA        |      29908 | NS      | $377369.30    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                  | PURCHASED USD / SOLD BRL                                                                                                                           | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $7003.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp of India Ltd                         | Power Grid Corp of India Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | CORP              | IN        |      50299 | NS      | $129832.89    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| China CITIC Bank Corp Ltd                            | China CITIC Bank Corp Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 300300C1030211000384 | Long             | EC               | CORP              | CN        |     136000 | NS      | $60183.06     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                    | Chile Government International Bond                                                                                                                | CUSIP: 168863DQ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     427000 | PA      | $265353.81    | 0.22%             | 2061-01-22      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WEIBO CORP                                           | Weibo Corp                                                                                                                                         | CUSIP: 948596AE1<br>LEI: 549300Q9ID4640FE0422 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $152412.50    | 0.13%             | 2030-07-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                        | PURCHASED USD / SOLD TRY                                                                                                                           | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | US        |          1 | NC      | $-2592.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                               | United States Treasury Bill- When Issued                                                                                                           | CUSIP: 912796YM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    1270000 | PA      | $1256954.31   | 1.04%             | 2023-04-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Guatemala                                | Guatemala Government Bond                                                                                                                          | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     401000 | PA      | $378017.69    | 0.31%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                 | Colombia Government International Bond                                                                                                             | CUSIP: 195325BM6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     130000 | PA      | $103415.00    | 0.09%             | 2041-01-18      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PLDT Inc                                             | PLDT Inc                                                                                                                                           | CUSIP: 000000000<br>LEI: 254900ADE8GQHM5P2648 | Long             | EC               | CORP              | PH        |       2205 | NS      | $52021.35     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co Ltd                                   | Samsung SDI Co Ltd                                                                                                                                 | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |       1917 | NS      | $900113.00    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                | Sri Lanka Government International Bond                                                                                                            | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |     314000 | PA      | $90628.25     | 0.07%             | 2027-05-11      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Asustek Computer Inc                                 | Asustek Computer Inc                                                                                                                               | CUSIP: 000000000<br>LEI: 254900B3WB4OGRB7HM13 | Long             | EC               | CORP              | TW        |       1000 | NS      | $8717.19      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ALFA DESARROLLO SPA                                  | Alfa Desarrollo SpA                                                                                                                                | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |     363669 | PA      | $276388.78    | 0.23%             | 2051-09-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Sinbon Electronics Co Ltd                            | Sinbon Electronics Co Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     132000 | NS      | $1179163.91   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                       | ICICI Bank Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      23342 | NS      | $251427.72    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ACWA Power Co                                        | ACWA Power Co                                                                                                                                      | CUSIP: 000000000<br>LEI: 558600Y0TFKRV2QZ1A74 | Long             | EC               | CORP              | SA        |        934 | NS      | $37798.86     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ACU PETROLEO LUXEMBOURG                              | Acu Petroleo Luxembourg Sarl                                                                                                                       | CUSIP: 00110RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     250000 | PA      | $227000.00    | 0.19%             | 2032-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| H World Group Ltd                                    | H World Group Ltd                                                                                                                                  | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |       1317 | NS      | $55867.14     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Micro-Star International Co Ltd                      | Micro-Star International Co Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 254900F4E0BDGJSSD870 | Long             | EC               | CORP              | TW        |      19000 | NS      | $73682.48     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                                          | Magnit PJSC                                                                                                                                        | CUSIP: 55953Q202<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |          3 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Samsung Securities Co Ltd                            | Samsung Securities Co Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 988400RBTJTHNUOHE716 | Long             | EC               | CORP              | KR        |       3113 | NS      | $77694.34     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Marine & Fire Insurance Co Ltd               | Hyundai Marine & Fire Insurance Co Ltd                                                                                                             | CUSIP: 000000000<br>LEI: 988400SYR92543UITC37 | Long             | EC               | CORP              | KR        |       7034 | NS      | $163874.26    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                     | Peruvian Government International Bond                                                                                                             | CUSIP: 715638DR0<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     210000 | PA      | $122430.00    | 0.10%             | 2121-07-28      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Jubilant Foodworks Ltd                               | Jubilant Foodworks Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 9845000D3B99893F5B14 | Long             | EC               | CORP              | IN        |       9068 | NS      | $55890.49     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                  | Petroleos Mexicanos                                                                                                                                | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     185000 | PA      | $127881.25    | 0.11%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| Gerdau SA                                            | Gerdau SA                                                                                                                                          | CUSIP: 000000000<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |      14100 | NS      | $77504.38     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinduoduo Inc                                        | Pinduoduo Inc                                                                                                                                      | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      11507 | NS      | $938395.85    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                             | JUMBO SA                                                                                                                                           | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |       4384 | NS      | $75189.73     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                  | PURCHASED USD / SOLD BRL                                                                                                                           | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $22814.80     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                          | Long: IS2FZP1   IRS R01.67PSOFR 05/13/32 MSNYUS33XXX FIXED / Short: IS2FZP1   IRS PSOFRR01.67 05/13/32 MSNYUS33XXX FLOAT                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    4290000 | OU      | $-664995.58   | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| Sumber Alfaria Trijaya Tbk PT                        | Sumber Alfaria Trijaya Tbk PT                                                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |     369500 | NS      | $62973.22     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd                       | COSCO SHIPPING Holdings Co Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 3003009XI0QGYYA29S17 | Long             | EC               | CORP              | CN        |      72100 | NS      | $73292.63     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                               | Long: IS2K1F8   AS51 /LONG/ / Short: IS2K1F8   AS51 /SHORT/                                                                                        | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |        153 | OU      | $-755.95      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Turkey                                   | Turkey Government International Bond                                                                                                               | CUSIP: 900123CB4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     659000 | PA      | $427237.94    | 0.35%             | 2043-04-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                   | Ukraine Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | US        |     295000 | PA      | $62650.63     | 0.05%             | 2029-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                   | Dominican Republic International Bond                                                                                                              | CUSIP: 25714PDW5<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     298000 | PA      | $244788.38    | 0.20%             | 2048-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                | Vale Overseas Ltd                                                                                                                                  | CUSIP: 91911TAQ6<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |     150000 | PA      | $131043.75    | 0.11%             | 2030-07-08      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Unilever Indonesia Tbk PT                            | Unilever Indonesia Tbk PT                                                                                                                          | CUSIP: 000000000<br>LEI: 549300MUHUFNRRI19O72 | Long             | EC               | CORP              | ID        |     234000 | NS      | $70685.39     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                         | Ecopetrol SA                                                                                                                                       | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     401000 | PA      | $362905.00    | 0.30%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                   | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                                   | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |     383400 | NS      | $383400.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Zangge Mining Co Ltd                                 | Zangge Mining Co Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      19600 | NS      | $73352.20     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Holdings Ltd/South Africa                 | Woolworths Holdings Ltd/South Africa                                                                                                               | CUSIP: 000000000<br>LEI: 37890095421E07184E97 | Long             | EC               | CORP              | ZA        |       5953 | NS      | $23186.93     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Long: IS2IFI3   CDX 2I65BZFC1 01.000 BP 12/20/2027 MSNYUS33XXX FLOAT / Short: IS2IFI3   CDX 2I65BZFC1 01.000 BP 12/20/2027 MSNYUS33XXX FIXED       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   17928000 | OU      | $1044474.99   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| State Bank of India                                  | State Bank of India                                                                                                                                | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |       9012 | NS      | $66730.45     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AVIC Industry-Finance Holdings Co Ltd                | AVIC Industry-Finance Holdings Co Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 300300459IU931EYE898 | Long             | EC               | CORP              | CN        |      52900 | NS      | $25065.70     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp                           | Realtek Semiconductor Corp                                                                                                                         | CUSIP: 000000000<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |       9000 | NS      | $81845.95     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd                       | Agricultural Bank of China Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |    5671000 | NS      | $1940029.89   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd                    | Hon Hai Precision Industry Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |     691000 | NS      | $2239691.38   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                  | Petroleos Mexicanos                                                                                                                                | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     855000 | PA      | $541001.25    | 0.45%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | FUTURE CONTRACT ON US 2YR NOTE (CBT) MAR23                                                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          5 | NC      | $1210.94      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Shan Xi Hua Yang Group New Energy Co Ltd             | Shan Xi Hua Yang Group New Energy Co Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 300300L5SFN6WQCTM144 | Long             | EC               | CORP              | CN        |      10700 | NS      | $21953.70     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                               | United States Treasury Bill                                                                                                                        | CUSIP: 912796YL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    1300000 | PA      | $1289093.00   | 1.06%             | 2023-03-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                          | Corp Nacional del Cobre de Chile                                                                                                                   | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |     540000 | PA      | $470745.00    | 0.39%             | 2029-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                 | Paraguay Government International Bond                                                                                                             | CUSIP: 699149AJ9<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     208000 | PA      | $200759.00    | 0.17%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Nahdi Medical Co                                     | Nahdi Medical Co                                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |        504 | NS      | $22371.52     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                                   | JSW Infrastructure Ltd                                                                                                                             | CUSIP: 46654XAA7<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $170725.00    | 0.14%             | 2029-01-21      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LAMAR FUNDING LTD                                    | Lamar Funding Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 549300TSXHL7X0727895 | Long             | DBT              | CORP              | KY        |     364000 | PA      | $343479.50    | 0.28%             | 2025-05-07      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corp                                 | Southern Copper Corp                                                                                                                               | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |        412 | NS      | $24880.68     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominican Republic                                   | Dominican Republic International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     243000 | PA      | $251930.25    | 0.21%             | 2027-04-20      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PANAMA BONOS DEL                                     | Panama Bonos del Tesoro                                                                                                                            | CUSIP: 000000000<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      89000 | PA      | $72813.13     | 0.06%             | 2031-06-30      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| Huaxia Bank Co Ltd                                   | Huaxia Bank Co Ltd                                                                                                                                 | CUSIP: 000000000<br>LEI: 300300AKNDEHIGVDZW37 | Long             | EC               | CORP              | CN        |      97700 | NS      | $73226.17     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE OIL CO OF THE AZER                             | State Oil Co of the Azerbaijan Republic                                                                                                            | CUSIP: 000000000<br>LEI: 2549002HARR1VE257O76 | Long             | DBT              | CORP              | AZ        |     321000 | PA      | $330088.31    | 0.27%             | 2030-03-18      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Vedanta Ltd                                          | Vedanta Ltd                                                                                                                                        | CUSIP: 000000000<br>LEI: 335800XDKX9KB5EMCO07 | Long             | EC               | CORP              | IN        |      18751 | NS      | $69812.22     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association            | PURCHASED USD / SOLD CZK                                                                                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-36542.91    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Tongwei Co Ltd                                       | Tongwei Co Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: 3003009CW4QYMCG0BH89 | Long             | EC               | CORP              | CN        |      69100 | NS      | $384155.30    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco do Brasil SA                                   | Banco do Brasil SA                                                                                                                                 | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | CORP              | BR        |      79900 | NS      | $516907.08    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                   | Ukraine Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     371000 | PA      | $77979.56     | 0.06%             | 2026-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HeadHunter Group PLC                                 | HeadHunter Group PLC                                                                                                                               | CUSIP: 42207L106<br>LEI: 549300IMUCFEWXP6RU11 | Long             | EC               | CORP              | CY        |      18930 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| China Airlines Ltd                                   | China Airlines Ltd                                                                                                                                 | CUSIP: 000000000<br>LEI: 25490032B2A0G6D0JP27 | Long             | EC               | CORP              | TW        |     121000 | NS      | $74515.04     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                               | PURCHASED USD / SOLD CLP                                                                                                                           | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |          1 | NC      | $-102637.25   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                                       | Tullow Oil PLC                                                                                                                                     | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |     224000 | PA      | $178080.00    | 0.15%             | 2026-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| PANAMA BONOS DEL                                     | PANAMA BONOS DEL REGD SER DOM                                                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | PA        |     350000 | PA      | $286343.75    | 0.24%             | 2031-06-30      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                   | Bahrain Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     334000 | PA      | $334480.13    | 0.28%             | 2028-10-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd                                       | Bajaj Auto Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: 335800DLAO5NCNN8G863 | Long             | EC               | CORP              | IN        |       1469 | NS      | $64269.65     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                        | PURCHASED THB / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | TH        |          1 | NC      | $33818.54     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Aeronautics Ltd                            | Hindustan Aeronautics Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 335800AKDC7T933T3I86 | Long             | EC               | CORP              | IN        |       2257 | NS      | $69103.36     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CEZ AS                                               | CEZ AS                                                                                                                                             | CUSIP: 000000000<br>LEI: 529900S5R9YHJHYKKG94 | Long             | EC               | CORP              | CZ        |       2032 | NS      | $69235.23     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                 | Paraguay Government International Bond                                                                                                             | CUSIP: 699149AL4<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     223000 | PA      | $195236.50    | 0.16%             | 2033-06-28      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| DiGi.Com Bhd                                         | DiGi.Com Bhd                                                                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      51100 | NS      | $46375.72     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co Ltd                      | PICC Property & Casualty Co Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |    1180000 | NS      | $1115685.17   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| OIL & GAS HOLDING                                    | Oil and Gas Holding Co BSCC/The                                                                                                                    | CUSIP: 67778NAA6<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |     259000 | PA      | $264228.56    | 0.22%             | 2027-10-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                    | PURCHASED MXN / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MX        |          1 | NC      | $-735.76      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Haci Omer Sabanci Holding AS                         | Haci Omer Sabanci Holding AS                                                                                                                       | CUSIP: 000000000<br>LEI: 78900090FFOWNLGP0F20 | Long             | EC               | CORP              | TR        |     218902 | NS      | $528405.11    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                               | Egypt Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     350000 | PA      | $254581.25    | 0.21%             | 2032-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp                      | China Petroleum & Chemical Corp                                                                                                                    | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |     113300 | NS      | $71302.92     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                               | Egypt Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     305000 | PA      | $196725.00    | 0.16%             | 2059-11-20      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| United Mexican States                                | Mexico Government International Bond                                                                                                               | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     140000 | PA      | $112813.75    | 0.09%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                             | Petroleos de Venezuela SA                                                                                                                          | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     220000 | PA      | $9350.00      | 0.01%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| QATAR ENERGY TRADING LLC                             | QatarEnergy Trading LLC                                                                                                                            | CUSIP: 000000000<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |     320000 | PA      | $234260.00    | 0.19%             | 2051-07-12      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                                     | Peruvian Government International Bond                                                                                                             | CUSIP: 715638BM3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     305000 | PA      | $301911.88    | 0.25%             | 2050-11-18      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Nedbank Group Ltd                                    | Nedbank Group Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 3789009E42FA3CB31065 | Long             | EC               | CORP              | ZA        |       5965 | NS      | $74628.98     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Yapi ve Kredi Bankasi AS                             | Yapi ve Kredi Bankasi AS                                                                                                                           | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | EC               | CORP              | TR        |     106621 | NS      | $67638.40     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hero MotoCorp Ltd                                    | Hero MotoCorp Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 335800Q49FBMZJTRLK49 | Long             | EC               | CORP              | IN        |       2049 | NS      | $67840.66     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Long: IS2JN71   CDS US91087BAC46 01.000 SP 12/20/2027 MSNYUS33XXX FIXED / Short: IS2JN71   CDS US91087BAC46 01.000 SP 12/20/2027 MSNYUS33XXX FLOAT | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     150000 | OU      | $-1976.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Eastern Co SAE                                       | Eastern Co SAE                                                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | EG        |      25345 | NS      | $14671.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                | PURCHASED USD / SOLD TWD                                                                                                                           | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |          1 | NC      | $31553.34     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                             | Uruguay Government International Bond                                                                                                              | CUSIP: 917288BK7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     148557 | PA      | $147888.49    | 0.12%             | 2031-01-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| The Federal Republic of Nigeria                      | Nigeria Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     240000 | PA      | $162270.00    | 0.13%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                               | Petroleo Brasileiro SA                                                                                                                             | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |      19500 | NS      | $90473.74     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                                   | Peru Government Bond                                                                                                                               | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    2186000 | PA      | $527302.29    | 0.43%             | 2029-02-12      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                             | Shimao Group Holdings Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              |  | KY        |     200000 | PA      | $33000.00     | 0.03%             | 2027-01-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bank of Communications Co Ltd                        | Bank of Communications Co Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 549300AX1UM10U30HK09 | Long             | EC               | CORP              | CN        |      32900 | NS      | $22518.85     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                           | Samsung Electronics Co Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      39451 | NS      | $1731632.35   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOSAGRO PJSC                                        | PHOSAGRO PJSC                                                                                                                                      | CUSIP: 71922G407<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |         28 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CNTL AMR BOTTLING CORP                               | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL                                                                          | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |      66000 | PA      | $61660.50     | 0.05%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND                                   | Republic of Poland Government International Bond                                                                                                   | CUSIP: 857524AD4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     223000 | PA      | $228001.89    | 0.19%             | 2027-11-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WPG Holdings Ltd                                     | WPG Holdings Ltd                                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      46000 | NS      | $71830.96     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Yang Ming Marine Transport Corp                      | Yang Ming Marine Transport Corp                                                                                                                    | CUSIP: 000000000<br>LEI: 254900WG2ACWNVSP6E13 | Long             | EC               | CORP              | TW        |       9000 | NS      | $19118.14     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                             | Embraer Netherlands Finance BV                                                                                                                     | CUSIP: 29082HAB8<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |      79000 | PA      | $75657.31     | 0.06%             | 2027-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| IOCHPE-MAX/MAX WHEELS MX                             | Iochpe-Maxion Austria GmbH / Maxion Wheels de Mexico S de RL de CV                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AT        |     200000 | PA      | $166037.50    | 0.14%             | 2028-05-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC                              | MMC Norilsk Nickel PJSC                                                                                                                            | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |       3568 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vibra Energia SA                                     | Vibra Energia SA                                                                                                                                   | CUSIP: 000000000<br>LEI: 549300U7VLJ3SYVNY689 | Long             | EC               | CORP              | BR        |     332700 | NS      | $975478.86    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                               | Petroleo Brasileiro SA                                                                                                                             | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |      17000 | NS      | $90145.37     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                        | PURCHASED ZAR / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | ZA        |          1 | NC      | $3954.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Biopharmaceutical Ltd                           | Sino Biopharmaceutical Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 529900LPR4ADFEJAR786 | Long             | EC               | CORP              | HK        |      35000 | NS      | $20381.22     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                  | Petroleos Mexicanos                                                                                                                                | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     189000 | PA      | $148128.75    | 0.12%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                        | Al Rajhi Bank                                                                                                                                      | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |       3701 | NS      | $74013.52     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergreen Marine Corp Taiwan Ltd                     | Evergreen Marine Corp Taiwan Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 254900EIJA0A39C5SO15 | Long             | EC               | CORP              | TW        |      75800 | NS      | $400619.43    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                                          | Infosys Ltd                                                                                                                                        | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |       6764 | NS      | $123341.04    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                     | PTT Exploration & Production PCL                                                                                                                   | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |       1500 | NS      | $7732.54      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Long: IS2JO56   CDS USY20721BG36 01.000 SP 12/20/2027 MSNYUS33XXX FIXED / Short: IS2JO56   CDS USY20721BG36 01.000 SP 12/20/2027 MSNYUS33XXX FLOAT | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     320000 | OU      | $108.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Meritz Financial Group Inc                           | Meritz Financial Group Inc                                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       2799 | NS      | $95546.36     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co Ltd                                | Hyundai Glovis Co Ltd                                                                                                                              | CUSIP: 000000000<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |        646 | NS      | $83871.13     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SABIC Agri-Nutrients Co                              | SABIC Agri-Nutrients Co                                                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       2269 | NS      | $88566.09     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SINOPEC GRP DEV 2018                                 | Sinopec Group Overseas Development 2018 Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 549300C6OZZ8LTVR8209 | Long             | DBT              | CORP              | VG        |     347000 | PA      | $304659.06    | 0.25%             | 2030-05-13      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Long: IS2JV55   CDS US836205AR58 01.000 BP 12/20/2027 MSNYUS33XXX FLOAT / Short: IS2JV55   CDS US836205AR58 01.000 BP 12/20/2027 MSNYUS33XXX FIXED | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     480000 | OU      | $30226.73     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp                                             | FPT Corp                                                                                                                                           | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DE               |  | AU        |     300648 | NS      | $980692.73    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Tonon Luxembourg SA                                  | Tonon Luxembourg SA                                                                                                                                | CUSIP: 89031RAG1<br>LEI: 5493002IITPO16CQU448 | Long             | DBT              | CORP              | LU        |     105457 | PA      | $10.55        | 0.00%             | 2024-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Long: IS2JNB5   CDS US900123AL40 01.000 SP 12/20/2027 MSNYUS33XXX FIXED / Short: IS2JNB5   CDS US900123AL40 01.000 SP 12/20/2027 MSNYUS33XXX FLOAT | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     370000 | OU      | $-58853.50    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                             | Uruguay Government International Bond                                                                                                              | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |      62392 | PA      | $60052.30     | 0.05%             | 2055-04-20      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Meituan                                              | Meituan                                                                                                                                            | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |      47200 | NS      | $1045755.42   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | PURCHASED PLN / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | PL        |          1 | NC      | $62396.27     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Elm Co                                               | Elm Co                                                                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |        132 | NS      | $11732.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VIRGOLINO DE OLIVEIRA FI                             | Virgolino de Oliveira Finance SA                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     202000 | PA      | $20.20        | 0.00%             | 2022-02-09      | Fixed         | 11.75%                | No            |                  3 | On Loan: No      |
| China Shenhua Energy Co Ltd                          | China Shenhua Energy Co Ltd                                                                                                                        | CUSIP: 000000000<br>LEI: 529900N9JOX4C108MA40 | Long             | EC               | CORP              | CN        |      11500 | NS      | $33127.82     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SINOCHEM OFFSHORE CAPITA REGD REG S EMTN             | SINOCHEM OFFSHORE CAPITA REGD REG S EMTN                                                                                                           | CUSIP: 000000000<br>LEI: 3003004LKKZ33WMP2P47 | Long             | DBT              | NUSS              | VG        |     200000 | PA      | $151588.00    | 0.12%             | 2031-09-23      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| NH Investment & Securities Co Ltd                    | NH Investment & Securities Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 549300LQ6NXDW1B8NT42 | Long             | EC               | CORP              | KR        |       5055 | NS      | $35180.50     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                               | Long: IS2JPF3   S&P500 /LONG/ / Short: IS2JPF3   S&P500 /SHORT/                                                                                    | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |         33 | OU      | $-7899.66     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Gulf Energy Development PCL                          | Gulf Energy Development PCL                                                                                                                        | CUSIP: 000000000<br>LEI: 254900L46WX9IXF5VA41 | Long             | EC               | CORP              | TH        |      14700 | NS      | $23449.55     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                             | Sunac China Holdings Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              |  | KY        |     270000 | PA      | $56025.00     | 0.05%             | 2024-04-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                       | PURCHASED COP / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | CO        |          1 | NC      | $3334.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | FUTURE CONTRACT ON US 10YR NOTE (CBT)MAR23                                                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         26 | NC      | $-16671.89    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                 | Saudi Arabian Oil Co                                                                                                                               | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     265000 | PA      | $240702.81    | 0.20%             | 2025-11-24      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Remgro Ltd                                           | Remgro Ltd                                                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |       9142 | NS      | $71102.02     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                         | Ecopetrol SA                                                                                                                                       | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     216000 | PA      | $145260.00    | 0.12%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                   | Morocco Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |     251000 | PA      | $217397.38    | 0.18%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Meritz Securities Co Ltd                             | Meritz Securities Co Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 988400WORE06JMSEKC47 | Long             | EC               | CORP              | KR        |      18340 | NS      | $91337.28     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| OEC FINANCE LTD                                      | OEC Finance Ltd                                                                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     132399 | PA      | $3210.68      | 0.00%             | 2046-12-26      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PANAMA NOTAS DEL TESORO                              | Panama Notas del Tesoro                                                                                                                            | CUSIP: 000000000<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      68000 | PA      | $63890.25     | 0.05%             | 2026-04-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd                          | Colgate-Palmolive India Ltd                                                                                                                        | CUSIP: 000000000<br>LEI: 335800YWKI47DGFKWB26 | Long             | EC               | CORP              | IN        |       3800 | NS      | $70626.83     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TBEA Co Ltd                                          | TBEA Co Ltd                                                                                                                                        | CUSIP: 000000000<br>LEI: 300300NIEBMOQ4DNLE36 | Long             | EC               | CORP              | CN        |      23200 | NS      | $67098.05     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Inc                                               | SK Inc                                                                                                                                             | CUSIP: 000000000<br>LEI: 988400GMME8AOAFMDK34 | Long             | EC               | CORP              | KR        |         50 | NS      | $7500.58      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                         | Gazprom PJSC                                                                                                                                       | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |     153780 | NS      | $0.15         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ANTA Sports Products Ltd                             | ANTA Sports Products Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | HK        |      14600 | NS      | $189898.68    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Lebanese Republic                                    | Lebanon Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     206000 | PA      | $11690.50     | 0.01%             | 2025-02-26      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | PURCHASED USD / SOLD CNH                                                                                                                           | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |          1 | NC      | $-320056.88   | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| Korea Investment Holdings Co Ltd                     | Korea Investment Holdings Co Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       1841 | NS      | $78128.78     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial Bank Co Ltd                               | Industrial Bank Co Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 300300C1030935001303 | Long             | EC               | CORP              | CN        |     474660 | NS      | $1204103.92   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                  | Ecuador Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     446282 | PA      | $180688.42    | 0.15%             | 2040-07-31      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                          | Ivory Coast Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     100000 | PA      | $75252.63     | 0.06%             | 2048-03-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Commercial International Bank Egypt SAE              | Commercial International Bank Egypt SAE                                                                                                            | CUSIP: 000000000<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |       7775 | NS      | $13059.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bupa Arabia for Cooperative Insurance Co             | Bupa Arabia for Cooperative Insurance Co                                                                                                           | CUSIP: 000000000<br>LEI: 558600B2WJHD5P31XS68 | Long             | EC               | CORP              | SA        |       2268 | NS      | $86494.48     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                   | Ukraine Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     281000 | PA      | $52037.69     | 0.04%             | 2034-09-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                             | Uruguay Government International Bond                                                                                                              | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     193975 | PA      | $191259.35    | 0.16%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd                                    | Eicher Motors Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |        469 | NS      | $18240.16     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Adaro Energy Indonesia Tbk PT                        | Adaro Energy Indonesia Tbk PT                                                                                                                      | CUSIP: 000000000<br>LEI: 529900P2WAH7XA87OI24 | Long             | EC               | CORP              | ID        |     289000 | NS      | $71589.02     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                              | Romanian Government International Bond                                                                                                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     174000 | PA      | $136350.75    | 0.11%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DCVFMVN30 ETF Fund                                   | DCVFMVN30 ETF Fund                                                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | VN        |     239030 | NS      | $175591.73    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                               | KB Financial Group Inc                                                                                                                             | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      19756 | NS      | $756904.77    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| China CITIC Bank Corp Ltd                            | China CITIC Bank Corp Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 300300C1030211000384 | Long             | EC               | CORP              | CN        |      82600 | NS      | $59390.97     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS SA                                               | JBS SA                                                                                                                                             | CUSIP: 000000000<br>LEI: 529900RM0MTMZL9O5050 | Long             | EC               | CORP              | BR        |      15200 | NS      | $63509.51     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                               | Brazilian Government International Bond                                                                                                            | CUSIP: 105756CD0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     385000 | PA      | $363055.00    | 0.30%             | 2025-06-06      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Globe Telecom Inc                                    | Globe Telecom Inc                                                                                                                                  | CUSIP: 000000000<br>LEI: 254900GPWI1816YIM923 | Long             | EC               | CORP              | PH        |        553 | NS      | $21693.48     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Investments Corp                                  | SM Investments Corp                                                                                                                                | CUSIP: 000000000<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |        720 | NS      | $11676.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                              | Philippine Government International Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     858000 | PA      | $727852.13    | 0.60%             | 2047-03-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| China Resources Land Ltd                             | China Resources Land Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 5299001HL0TU7X15HK51 | Long             | EC               | CORP              | KY        |      60000 | NS      | $272962.10    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                              | KazMunayGas National Co JSC                                                                                                                        | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     200000 | PA      | $163412.50    | 0.13%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Country Garden Holdings Co Ltd                       | Country Garden Holdings Co Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | EC               | CORP              | KY        |      46000 | NS      | $15494.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TENGIZCHEVROIL FIN CO IN                             | Tengizchevroil Finance Co International Ltd                                                                                                        | CUSIP: 88034QAC1<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | CORP              | BM        |     305000 | PA      | $216321.25    | 0.18%             | 2030-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Chailease Holding Co Ltd                             | Chailease Holding Co Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 529900L76E6T0JCM3J27 | Long             | EC               | CORP              | TW        |      10000 | NS      | $70451.88     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd              | Ping An Insurance Group Co of China Ltd                                                                                                            | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |      38000 | NS      | $249650.32    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF AZERBAIJAN                               | Republic of Azerbaijan International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 549300P74FF45UQVU281 | Long             | DBT              | NUSS              | AZ        |     265000 | PA      | $219916.88    | 0.18%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co Ltd                        | ASE Technology Holding Co Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |      25000 | NS      | $75959.49     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Government of Jamaica                                | Jamaica Government International Bond                                                                                                              | CUSIP: 470160AV4<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |     208000 | PA      | $242489.00    | 0.20%             | 2039-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                   | Angolan Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     760000 | PA      | $591992.50    | 0.49%             | 2049-11-26      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                             | Comision Federal de Electricidad                                                                                                                   | CUSIP: 200447AJ9<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $129787.50    | 0.11%             | 2051-02-09      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Great Wall Motor Co Ltd                              | Great Wall Motor Co Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 254900CR8AHWTMFZHH60 | Long             | EC               | CORP              | CN        |      82000 | NS      | $105634.14    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                    | Ghana Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     279000 | PA      | $95557.50     | 0.08%             | 2049-06-16      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| PTT PCL                                              | PTT PCL                                                                                                                                            | CUSIP: 000000000<br>LEI: 549300QOGMPTKB6W7G56 | Long             | EC               | CORP              | TH        |      33300 | NS      | $32278.71     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                 | Colombia Government International Bond                                                                                                             | CUSIP: 195325EA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     648000 | PA      | $404352.00    | 0.33%             | 2042-02-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                 | Colombian TES                                                                                                                                      | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 1206800000 | PA      | $175816.80    | 0.14%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Absa Group Ltd                                       | Absa Group Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: 2138006IPPRD4N6XLT30 | Long             | EC               | CORP              | ZA        |       4702 | NS      | $53394.11     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                             | Long: IS2JZ97   NKY /LONG/ / Short: IS2JZ97   NKY /SHORT/                                                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |          0 | OU      | $-0.06        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Bank Group Ltd                              | Standard Bank Group Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |       7230 | NS      | $71335.96     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Barloworld Ltd                                       | Barloworld Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: 37890086DF1523D53926 | Long             | EC               | CORP              | ZA        |      25240 | NS      | $125893.62    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                          | Infosys Ltd                                                                                                                                        | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      21833 | NS      | $393212.33    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DB Insurance Co Ltd                                  | DB Insurance Co Ltd                                                                                                                                | CUSIP: 000000000<br>LEI: 9884000ZF26VNJBWSJ91 | Long             | EC               | CORP              | KR        |       1650 | NS      | $85527.69     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                  | Nigeria Government International Bond                                                                                                              | CUSIP: 65412JAS2<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     363000 | PA      | $257730.00    | 0.21%             | 2033-09-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                    | PURCHASED INR / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | IN        |          1 | NC      | $21478.74     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                      | Lojas Renner SA                                                                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     156600 | NS      | $606956.69    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                    | Ghana Government International Bond                                                                                                                | CUSIP: 37443GAH4<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     200000 | PA      | $69975.00     | 0.06%             | 2035-02-11      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                   | Bahrain Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     210000 | PA      | $162986.25    | 0.13%             | 2044-09-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TAL Education Group                                  | TAL Education Group                                                                                                                                | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | KY        |      10454 | NS      | $73700.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Parade Technologies Ltd                              | Parade Technologies Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 529900D9FDQHQKAQLY02 | Long             | EC               | CORP              | KY        |       1000 | NS      | $25057.26     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                   | Panama Government International Bond                                                                                                               | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     200000 | PA      | $202850.00    | 0.17%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Kalbe Farma Tbk PT                                   | Kalbe Farma Tbk PT                                                                                                                                 | CUSIP: 000000000<br>LEI: 529900PRQI8S32HOE387 | Long             | EC               | CORP              | ID        |     380200 | NS      | $51040.56     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                      | Cemex SAB de CV                                                                                                                                    | CUSIP: 151290BW2<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $204750.00    | 0.17%             | 2027-06-05      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                               | United States Treasury Bill                                                                                                                        | CUSIP: 912796CV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    1275000 | PA      | $1257110.35   | 1.04%             | 2023-04-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN PENERBIT SBSN                             | Perusahaan Penerbit SBSN Indonesia III                                                                                                             | CUSIP: 71567RAH9<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |     200000 | PA      | $195772.00    | 0.16%             | 2027-03-29      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Baidu Inc                                            | Baidu Inc                                                                                                                                          | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |       1900 | NS      | $27095.40     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                   | Angolan Government International Bond                                                                                                              | CUSIP: 035198AE0<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     290000 | PA      | $225891.88    | 0.19%             | 2049-11-26      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc                             | Hana Financial Group Inc                                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      64621 | NS      | $2151822.05   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Sri Lanka                                | Sri Lanka Government International Bond                                                                                                            | CUSIP: 85227SAZ9<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |     240000 | PA      | $69120.00     | 0.06%             | 2029-03-14      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd                               | Bharat Electronics Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |      44948 | NS      | $54288.83     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                | Argentine Republic Government International Bond                                                                                                   | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     236281 | PA      | $62614.47     | 0.05%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Kia Corp                                             | Kia Corp                                                                                                                                           | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |      37268 | NS      | $1753478.40   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                               | Egypt Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     256000 | PA      | $208960.00    | 0.17%             | 2028-02-21      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| EMPRESA DE TRANSPORTE ME                             | Empresa de Transporte de Pasajeros Metro SA                                                                                                        | CUSIP: 000000000<br>LEI: 959800T4M5QUPYMSCH69 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $173350.00    | 0.14%             | 2047-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                             | Republic of South Africa Government International Bond                                                                                             | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     291000 | PA      | $213157.50    | 0.18%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REC Ltd                                              | REC Ltd                                                                                                                                            | CUSIP: 000000000<br>LEI: 335800B4YRYWAMIJZ374 | Long             | EC               | CORP              | IN        |      54441 | NS      | $76791.68     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                                   | Braskem Idesa SAPI                                                                                                                                 | CUSIP: 000000000<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |     219000 | PA      | $156037.50    | 0.13%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                         | China Construction Bank Corp                                                                                                                       | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |     555000 | NS      | $347091.21    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                                        | PhosAgro PJSC                                                                                                                                      | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |       4393 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sahara International Petrochemical Co                | Sahara International Petrochemical Co                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       2298 | NS      | $21017.51     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                              | Sberbank of Russia PJSC                                                                                                                            | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |     138696 | NS      | $0.14         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BRF SA                                               | BRF SA                                                                                                                                             | CUSIP: 000000000<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |     200000 | PA      | $168412.50    | 0.14%             | 2030-01-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA                               | SierraCol Energy Andina LLC                                                                                                                        | CUSIP: 82653LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     200000 | PA      | $153787.50    | 0.13%             | 2028-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| POWERLONG REAL ESTATE                                | Powerlong Real Estate Holdings Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 549300R3K12EPXCGDP22 | Long             | DBT              |  | KY        |     225000 | PA      | $63745.31     | 0.05%             | 2025-04-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DP WORLD SALAAM                                      | DP World Salaam                                                                                                                                    | CUSIP: 000000000<br>LEI: 549300SUYBT9X88E9435 | Long             | DBT              | CORP              | KY        |     313000 | PA      | $309087.50    | 0.25%             | 2025-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Yadea Group Holdings Ltd                             | Yadea Group Holdings Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      42000 | NS      | $69929.16     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                               | Egypt Government International Bond                                                                                                                | CUSIP: 038461AM1<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     305000 | PA      | $201300.00    | 0.17%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Kumba Iron Ore Ltd                                   | Kumba Iron Ore Ltd                                                                                                                                 | CUSIP: 000000000<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |       2705 | NS      | $78129.45     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                              | Romanian Government International Bond                                                                                                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     238000 | PA      | $188734.00    | 0.16%             | 2032-03-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CJ Corp                                              | CJ Corp                                                                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       1319 | NS      | $88108.59     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                              | Romanian Government International Bond                                                                                                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     210000 | PA      | $137917.50    | 0.11%             | 2051-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                    | PURCHASED USD / SOLD MYR                                                                                                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-8173.78     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ENN Natural Gas Co Ltd                               | ENN Natural Gas Co Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 300300KVDMGNQNP52Z98 | Long             | EC               | CORP              | CN        |      28800 | NS      | $66821.18     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                   | Ukraine Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     173000 | PA      | $33252.79     | 0.03%             | 2028-06-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Long: IS2JO78   CDS US712219AG90 01.000 NA 12/20/2027 MSNYUS33XXX FIXED / Short: IS2JO78   CDS US712219AG90 01.000 NA 12/20/2027 MSNYUS33XXX FLOAT | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     240000 | OU      | $2819.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumho Petrochemical Co Ltd                           | Kumho Petrochemical Co Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        182 | NS      | $18136.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Grindrod Ltd                                         | Grindrod Ltd                                                                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |        869 | NS      | $511.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPRESA GEN ELEC HAINA                               | Empresa Generadora de Electricidad Haina SA                                                                                                        | CUSIP: 29249FAA4<br>LEI: 549300Y36L5LRW5RH373 | Long             | DBT              | CORP              | DO        |     250000 | PA      | $221531.25    | 0.18%             | 2028-11-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                    | Lebanon Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      36000 | PA      | $2043.00      | 0.00%             | 2023-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Housing Development Finance Corp Ltd                 | Housing Development Finance Corp Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |      18352 | NS      | $584401.04    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| ST SAVINGS BK (SSB #1)                               | State Savings Bank of Ukraine Via SSB #1 PLC                                                                                                       | CUSIP: 000000000<br>LEI: 213800X3YF17XQS13O34 | Long             | DBT              | CORP              | GB        |      60000 | PA      | $27037.50     | 0.02%             | 2025-03-20      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT                                       | ABU DHABI GOVT INT'L REGD REG S                                                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     390000 | PA      | $287088.75    | 0.24%             | 2049-09-30      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                   | Dominican Republic International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     496000 | PA      | $362483.00    | 0.30%             | 2060-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                   | Leviathan Bond Ltd                                                                                                                                 | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |      87457 | PA      | $81788.69     | 0.07%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Haidilao International Holding Ltd                   | Haidilao International Holding Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 3003009Q8GV4VNKZWI24 | Long             | EC               | CORP              | KY        |       7000 | NS      | $19964.43     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| New China Life Insurance Co Ltd                      | New China Life Insurance Co Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 300300F2001111000095 | Long             | EC               | CORP              | CN        |      30300 | NS      | $73770.78     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Henan Shenhuo Coal & Power Co Ltd                    | Henan Shenhuo Coal & Power Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 300300GF8XK44CSHXV64 | Long             | EC               | CORP              | CN        |      31900 | NS      | $68711.31     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Long: IS2JNV5   CDS US195325BB02 01.000 SP 12/20/2027 MSNYUS33XXX FIXED / Short: IS2JNV5   CDS US195325BB02 01.000 SP 12/20/2027 MSNYUS33XXX FLOAT | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     210000 | OU      | $-15239.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LG Innotek Co Ltd                                    | LG Innotek Co Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 988400KTHH2LMUX7EB48 | Long             | EC               | CORP              | KR        |        300 | NS      | $60503.55     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                  | PURCHASED USD / SOLD CNH                                                                                                                           | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-30616.97    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Vincom Retail JSC                                    | Vincom Retail JSC                                                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |     308840 | NS      | $344304.77    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Synnex Technology International Corp                 | Synnex Technology International Corp                                                                                                               | CUSIP: 000000000<br>LEI: 529900GMBJ3R4A2WBC71 | Long             | EC               | CORP              | TW        |      37000 | NS      | $71090.82     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                               | FUTURE CONTRACT ON MSCI EMGMKT MAR23                                                                                                               | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |         42 | NC      | $-2065.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Voltronic Power Technology Corp                      | Voltronic Power Technology Corp                                                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |       1000 | NS      | $50171.71     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Lebanese Republic                                    | Lebanon Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      57000 | PA      | $3234.75      | 0.00%             | 2024-04-22      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Eurobank Ergasias Services and Holdings SA           | Eurobank Ergasias Services and Holdings SA                                                                                                         | CUSIP: 000000000<br>LEI: JEUVK5RWVJEN8W0C9M24 | Long             | EC               | CORP              | GR        |       5841 | NS      | $6579.07      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fibra Uno Administracion SA de CV                    | Fibra Uno Administracion SA de CV                                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | MX        |      40300 | NS      | $47566.26     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Minejesa Capital BV                                  | Minejesa Capital BV                                                                                                                                | CUSIP: 000000000<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |     215000 | PA      | $165859.06    | 0.14%             | 2037-08-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                | Argentine Republic Government International Bond                                                                                                   | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     606322 | PA      | $152793.14    | 0.13%             | 2035-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| Shanxi Coking Coal Energy Group Co Ltd               | Shanxi Coking Coal Energy Group Co Ltd                                                                                                             | CUSIP: 000000000<br>LEI: 3003006IEAP7EBNLIL41 | Long             | EC               | CORP              | CN        |      13100 | NS      | $22011.58     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp                         | United Microelectronics Corp                                                                                                                       | CUSIP: 000000000<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     624000 | NS      | $819864.19    | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongfeng Motor Group Co Ltd                          | Dongfeng Motor Group Co Ltd                                                                                                                        | CUSIP: 000000000<br>LEI: 3003002JNYOYPX54GE50 | Long             | EC               | CORP              | CN        |     404000 | NS      | $230837.52    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                              | Philippine Government International Bond                                                                                                           | CUSIP: 718286CQ8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     225000 | PA      | $212368.50    | 0.18%             | 2027-03-29      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Tube Investments of India Ltd                        | Tube Investments of India Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 335800Z8CKZ11SGVKE64 | Long             | EC               | CORP              | IN        |       1960 | NS      | $65157.07     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD                                 | JSW Hydro Energy Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |     177000 | PA      | $147275.06    | 0.12%             | 2031-05-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| China Aoyuan Group Ltd                               | China Aoyuan Group Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | EC               | CORP              | KY        |     411000 | NS      | $55875.67     | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| KOC Holding AS                                       | KOC Holding AS                                                                                                                                     | CUSIP: 000000000<br>LEI: 7890005U0H950VH19H45 | Long             | EC               | CORP              | TR        |      16969 | NS      | $76128.80     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                          | Bank Mandiri Persero Tbk PT                                                                                                                        | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |    2243600 | NS      | $1430731.73   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| GREENKO DUTCH BV                                     | Greenko Dutch BV                                                                                                                                   | CUSIP: 000000000<br>LEI: 724500PT585P4JPVRP08 | Long             | DBT              | CORP              | NL        |     191000 | PA      | $165692.50    | 0.14%             | 2026-03-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Topsports International Holdings Ltd                 | Topsports International Holdings Ltd                                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     320000 | NS      | $252121.32    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE OF QATAR                                       | Qatar Government International Bond                                                                                                                | CUSIP: 74727PBE0<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |     864000 | PA      | $786402.00    | 0.65%             | 2050-04-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Xiamen C & D Inc                                     | Xiamen C & D Inc                                                                                                                                   | CUSIP: 000000000<br>LEI: 300300NQXZDZZ0OSCN43 | Long             | EC               | CORP              | CN        |      36000 | NS      | $70717.58     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INTL                              | Gran Tierra Energy International Holdings Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 549300RQNK5SS6I0T293 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $174287.50    | 0.14%             | 2025-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PETRONAS ENERGY CANADA                               | Petronas Energy Canada Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 5493001PEB90YGTDC638 | Long             | DBT              | CORP              | CA        |     240000 | PA      | $210568.95    | 0.17%             | 2028-03-23      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| OPAP SA                                              | OPAP SA                                                                                                                                            | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |     118312 | NS      | $1673849.59   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                | Argentine Republic Government International Bond                                                                                                   | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    1469373 | PA      | $397465.40    | 0.33%             | 2030-07-09      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                          | Long: IS2K3H4   S&P500 /LONG/ / Short: IS2K3H4   S&P500 /SHORT/                                                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |      20243 | OU      | $4187.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd                             | China Hongqiao Group Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |     381596 | NS      | $359903.87    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                     | Peruvian Government International Bond                                                                                                             | CUSIP: 715638DQ2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     363000 | PA      | $212309.63    | 0.18%             | 2060-12-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Magnit PJSC                                          | Magnit PJSC                                                                                                                                        | CUSIP: 000000000<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |       1178 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ODEBRECHT HOLDCO FIN LTD                             | Odebrecht Holdco Finance Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     132297 | PA      | $248.06       | 0.00%             | 2058-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sime Darby Bhd                                       | Sime Darby Bhd                                                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      75000 | NS      | $39147.77     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                     | Powszechny Zaklad Ubezpieczen SA                                                                                                                   | CUSIP: 000000000<br>LEI: QLPCKOOKVX32FUELX240 | Long             | EC               | CORP              | PL        |       5157 | NS      | $41879.40     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DP WORLD PLC                                         | DP World Ltd/United Arab Emirates                                                                                                                  | CUSIP: 000000000<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |     410000 | PA      | $343580.00    | 0.28%             | 2049-09-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                       | Long: IS2K3F2   NDX /LONG/ / Short: IS2K3F2   NDX /SHORT/                                                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DE               |  | US        |      50654 | OU      | $9750.63      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd                        | CSPC Pharmaceutical Group Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 529900M3XQCW234H8O91 | Long             | EC               | CORP              | HK        |      36000 | NS      | $37478.65     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Jiangsu Co Ltd                               | Bank of Jiangsu Co Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 300300C1086832000046 | Long             | EC               | CORP              | CN        |    1061100 | NS      | $1116343.07   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                             | Saudi Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     435000 | PA      | $309475.31    | 0.26%             | 2061-02-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Far East Horizon Ltd                                 | Far East Horizon Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | EC               | CORP              | HK        |      94000 | NS      | $73218.47     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                | Mexico Government International Bond                                                                                                               | CUSIP: 91087BAN0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     840000 | PA      | $531982.50    | 0.44%             | 2061-05-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Joincare Pharmaceutical Group Industry Co Ltd        | Joincare Pharmaceutical Group Industry Co Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 3003006PUWUKPH72TS46 | Long             | EC               | CORP              | CN        |      22000 | NS      | $35850.45     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO Holdings Inc                                   | POSCO Holdings Inc                                                                                                                                 | CUSIP: 000000000<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |       6795 | NS      | $1487098.84   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                        | HDFC Bank Ltd                                                                                                                                      | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      89781 | NS      | $1762925.65   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                 | Tencent Holdings Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      28800 | NS      | $1221130.48   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Minerva SA/Brazil                                    | Minerva SA/Brazil                                                                                                                                  | CUSIP: 000000000<br>LEI: 391200UHL6YHY0OA1P30 | Long             | EC               | CORP              | BR        |     414000 | NS      | $1016036.18   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                               | Egypt Government International Bond                                                                                                                | CUSIP: 03846JW55<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     300000 | PA      | $186750.00    | 0.15%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA                                   | Angolan Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     200000 | PA      | $176000.00    | 0.15%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                | Venezuela Government International Bond                                                                                                            | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     564100 | PA      | $39487.00     | 0.03%             | 2022-08-23      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK CHINA                             | Export-Import Bank of China/The                                                                                                                    | CUSIP: 000000000<br>LEI: 300300C1020211000045 | Long             | DBT              | NUSS              | CN        |     593000 | PA      | $501357.78    | 0.41%             | 2047-11-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association            | PURCHASED COP / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CO        |          1 | NC      | $29500.63     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                       | PURCHASED IDR / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | ID        |          1 | NC      | $576.40       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                              | El Salvador Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     602000 | PA      | $230566.00    | 0.19%             | 2041-02-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Kingsoft Corp Ltd                                    | Kingsoft Corp Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | KY        |       4000 | NS      | $13256.23     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                              | El Salvador Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      57000 | PA      | $22383.19     | 0.02%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Shaanxi Coal Industry Co Ltd                         | Shaanxi Coal Industry Co Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      23800 | NS      | $63811.67     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Is Bankasi AS                                | Turkiye Is Bankasi AS                                                                                                                              | CUSIP: 000000000<br>LEI: 789000FIRX9MDN0KTM91 | Long             | EC               | CORP              | TR        |      33014 | NS      | $22598.76     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                           | Samsung Electronics Co Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |        178 | NS      | $7133.06      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KGHM Polska Miedz SA                                 | KGHM Polska Miedz SA                                                                                                                               | CUSIP: 000000000<br>LEI: G30CO71KTT9JDYJESN22 | Long             | EC               | CORP              | PL        |       5970 | NS      | $173653.00    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                | Guatemala Government Bond                                                                                                                          | CUSIP: 401494AU3<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     215000 | PA      | $172040.31    | 0.14%             | 2041-10-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                  | Nigeria Government International Bond                                                                                                              | CUSIP: 65412JAT0<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     200000 | PA      | $133000.00    | 0.11%             | 2051-09-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SD Biosensor Inc                                     | SD Biosensor Inc                                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        541 | NS      | $12955.36     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                    | Gabon Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     200000 | PA      | $188000.00    | 0.15%             | 2025-06-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| China Coal Energy Co Ltd                             | China Coal Energy Co Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 529900KRC89344UI3Z10 | Long             | EC               | CORP              | CN        |      85000 | NS      | $69015.40     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Muthoot Finance Ltd                                  | Muthoot Finance Ltd                                                                                                                                | CUSIP: 000000000<br>LEI: 335800HAMJMBFL4RRF02 | Long             | EC               | CORP              | IN        |        657 | NS      | $8424.11      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Chengdu Co Ltd                               | Bank of Chengdu Co Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 30030030JPOKGL9K5418 | Long             | EC               | CORP              | CN        |      35500 | NS      | $78331.80     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN                             | Empresas Publicas de Medellin ESP                                                                                                                  | CUSIP: 29246BAE8<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |     200000 | PA      | $158412.50    | 0.13%             | 2029-07-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                             | Volcan Cia Minera SAA                                                                                                                              | CUSIP: 000000000<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |      65000 | PA      | $55891.88     | 0.05%             | 2026-02-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                              | Hungary Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     877000 | PA      | $644485.38    | 0.53%             | 2031-09-22      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| GAIL India Ltd                                       | GAIL India Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: 335800N82LJD42ZA5L32 | Long             | EC               | CORP              | IN        |    1748245 | NS      | $2032255.55   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                             | Lima Metro Line 2 Finance Ltd                                                                                                                      | CUSIP: 532522AB5<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |     320606 | PA      | $284497.95    | 0.23%             | 2036-04-05      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                    | Lebanon Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     481000 | PA      | $27146.44     | 0.02%             | 2027-03-23      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| TIMES CHINA HLDG LTD                                 | Times China Holdings Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 2549000KTINB9ZPZP710 | Long             | DBT              |  | KY        |     200000 | PA      | $32100.00     | 0.03%             | 2026-03-22      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Adani Total Gas Ltd                                  | Adani Total Gas Ltd                                                                                                                                | CUSIP: 000000000<br>LEI: 335800XLXJ32DBM6H567 | Long             | EC               | CORP              | IN        |       1418 | NS      | $62839.13     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST                                          | Ivory Coast Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     200000 | PA      | $178000.00    | 0.15%             | 2033-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                    | Chile Government International Bond                                                                                                                | CUSIP: 168863DX3<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     585000 | PA      | $536664.38    | 0.44%             | 2027-01-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Orient Overseas International Ltd                    | Orient Overseas International Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 529900DQ426GJO276W95 | Long             | EC               | CORP              | BM        |       4500 | NS      | $81105.50     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                | Argentine Republic Government International Bond                                                                                                   | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     209981 | PA      | $59424.62     | 0.05%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                   | Dominican Republic International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     364000 | PA      | $293088.25    | 0.24%             | 2049-06-05      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                       | PURCHASED PHP / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | PH        |          1 | NC      | $91173.59     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp                               | Accton Technology Corp                                                                                                                             | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |       9000 | NS      | $68344.22     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Futures Exchange Ltd.                      | FUTURE CONTRACT ON HSCEI FUTURES JAN23 /HKD                                                                                                        | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | N/A              | DE               |  | HK        |         86 | NC      | $-17579.63    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd            | Taiwan Semiconductor Manufacturing Co Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     190000 | NS      | $2759458.03   | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                               | Pertamina Persero PT                                                                                                                               | CUSIP: 69370RAL1<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    1055000 | PA      | $849391.05    | 0.70%             | 2031-02-09      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Sinopharm Group Co Ltd                               | Sinopharm Group Co Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 529900N54X78YH9JYK92 | Long             | EC               | CORP              | CN        |      10800 | NS      | $27336.02     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sasol Ltd                                            | Sasol Ltd                                                                                                                                          | CUSIP: 000000000<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |       3386 | NS      | $54035.94     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                  | PURCHASED BRL / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | BR        |          1 | NC      | $-22814.80    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Divi's Laboratories Ltd                              | Divi's Laboratories Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 335800C1DHFG1C9T1M03 | Long             | EC               | CORP              | IN        |        301 | NS      | $12437.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| China Everbright Bank Co Ltd                         | China Everbright Bank Co Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 549300U6PKQ4H1P34E17 | Long             | EC               | CORP              | CN        |     154000 | NS      | $46888.95     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                                        | BHP Group Ltd                                                                                                                                      | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |       9092 | NS      | $281642.37    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIC Ltd                                            | CITIC Ltd                                                                                                                                          | CUSIP: 000000000<br>LEI: 2549006I3Q3M98KHOT11 | Long             | EC               | CORP              | HK        |      70000 | NS      | $73600.20     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| COMETA ENERGIA SA                                    | Cometa Energia SA de CV                                                                                                                            | CUSIP: 000000000<br>LEI: 5493007L8UH7TYXKI505 | Long             | DBT              | CORP              | MX        |     342800 | PA      | $324438.78    | 0.27%             | 2035-04-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                  | Ecuador Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     791462 | PA      | $361994.93    | 0.30%             | 2035-07-31      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| President Chain Store Corp                           | President Chain Store Corp                                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |       9000 | NS      | $79574.95     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                             | Uruguay Government International Bond                                                                                                              | CUSIP: 917288BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |      95000 | PA      | $118655.00    | 0.10%             | 2033-01-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                       | PURCHASED CNH / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CN        |          1 | NC      | $47354.69     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TangShan Port Group Co Ltd                           | TangShan Port Group Co Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 300300R1OCOESINHQW02 | Long             | EC               | CORP              | CN        |     187700 | NS      | $74269.72     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sichuan Kelun Pharmaceutical Co Ltd                  | Sichuan Kelun Pharmaceutical Co Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 30030014Z0J8J835FO94 | Long             | EC               | CORP              | XX        |     200700 | NS      | $770616.80    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Catcher Technology Co Ltd                            | Catcher Technology Co Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 5299006PRSCU66N5JF55 | Long             | EC               | CORP              | TW        |      10000 | NS      | $54918.97     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                               | POWER FINANCE CORP LTD REGD REG S EMTN SER GMTN                                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |     200000 | PA      | $165282.00    | 0.14%             | 2031-05-16      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Metropolitan Bank & Trust Co                         | Metropolitan Bank & Trust Co                                                                                                                       | CUSIP: 000000000<br>LEI: 549300SQYI82RVWFN715 | Long             | EC               | CORP              | PH        |     482210 | NS      | $468249.93    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiumaojiu International Holdings Ltd                 | Jiumaojiu International Holdings Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 6556009ZSGTEPL7MEK84 | Long             | EC               | CORP              | KY        |      15000 | NS      | $39767.54     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Chile                                       | Banco de Chile                                                                                                                                     | CUSIP: 000000000<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |     724862 | NS      | $75199.36     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KONDOR FINANCE PLC (NAK)                             | NAK Naftogaz Ukraine via Kondor Finance PLC                                                                                                        | CUSIP: 000000000<br>LEI: 213800PUC1T9GI6EIO63 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $38000.00     | 0.03%             | 2023-07-19      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Tenaga Nasional Bhd                                  | Tenaga Nasional Bhd                                                                                                                                | CUSIP: 000000000<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | CORP              | MY        |      35100 | NS      | $76731.56     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Holdings Corp                                     | GS Holdings Corp                                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       2252 | NS      | $78150.70     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                | Melco Resorts Finance Ltd                                                                                                                          | CUSIP: 58547DAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     200000 | PA      | $165000.00    | 0.14%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                        | AIA Group Ltd                                                                                                                                      | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     105000 | NS      | $1159556.12   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Jizhong Energy Resources Co Ltd                      | Jizhong Energy Resources Co Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 300300RB4ZPQVWNPOM87 | Long             | EC               | CORP              | CN        |      54500 | NS      | $49996.95     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                              | Philippine Government International Bond                                                                                                           | CUSIP: 718286CP0<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     496000 | PA      | $359654.56    | 0.30%             | 2046-07-06      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Yuanta Financial Holding Co Ltd                      | Yuanta Financial Holding Co Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 21380045JG57LJEFFE13 | Long             | EC               | CORP              | TW        |     102420 | NS      | $72178.53     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                 | Paraguay Government International Bond                                                                                                             | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     255000 | PA      | $246122.81    | 0.20%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| KT Corp                                              | KT Corp                                                                                                                                            | CUSIP: 000000000<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |      72090 | NS      | $1929510.03   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Unimicron Technology Corp                            | Unimicron Technology Corp                                                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      34000 | NS      | $131994.30    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Jindal Steel & Power Ltd                             | Jindal Steel & Power Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 335800UIKQBF6QO2NP15 | Long             | EC               | CORP              | IN        |       1710 | NS      | $12053.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                        | Tata Consultancy Services Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |       5440 | NS      | $213801.57    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingboard Holdings Ltd                               | Kingboard Holdings Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 529900G89MY26MMSDR76 | Long             | EC               | CORP              | KY        |       5500 | NS      | $17441.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                             | Petroleos de Venezuela SA                                                                                                                          | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     128444 | PA      | $5458.87      | 0.00%             | 2021-11-17      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                             | Saudi Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     401000 | PA      | $393080.25    | 0.32%             | 2050-01-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                                    | TSMC Arizona Corp                                                                                                                                  | CUSIP: 872898AF8<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |     320000 | PA      | $305860.00    | 0.25%             | 2027-04-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BB Seguridade Participacoes SA                       | BB Seguridade Participacoes SA                                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      28800 | NS      | $183361.45    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Turkey                                   | Turkey Government International Bond                                                                                                               | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     280000 | PA      | $189927.50    | 0.16%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                | Emaar Properties PJSC                                                                                                                              | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |      33851 | NS      | $53854.59     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                  | Nigeria Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     209000 | PA      | $160930.00    | 0.13%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Bancolombia SA                                       | Bancolombia SA                                                                                                                                     | CUSIP: 000000000<br>LEI: 54930052NWJRPNMP1W58 | Long             | EC               | CORP              | CO        |       3555 | NS      | $30882.75     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Yandex NV                                            | Yandex NV                                                                                                                                          | CUSIP: 000000000<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |      11500 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cheil Worldwide Inc                                  | Cheil Worldwide Inc                                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       4332 | NS      | $79124.82     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | PURCHASED USD / SOLD THB                                                                                                                           | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |          1 | NC      | $-18554.30    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Lebanese Republic                                    | Lebanon Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     216000 | PA      | $12420.00     | 0.01%             | 2022-10-04      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| MEDCO OAK TREE PTE LTD                               | Medco Oak Tree Pte Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 254900AU06KP3JTGZL51 | Long             | DBT              | CORP              | SG        |     200000 | PA      | $189750.00    | 0.16%             | 2026-05-14      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                | PURCHASED USD / SOLD KRW                                                                                                                           | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |          1 | NC      | $-376042.29   | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services PCL                   | Bangkok Dusit Medical Services PCL                                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |       6100 | NS      | $5151.58      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INDIA CLEAN ENERGY HLDG                              | India Clean Energy Holdings                                                                                                                        | CUSIP: 45409MAA1<br>LEI: 254900XQFJ9593DCY022 | Long             | DBT              | CORP              | MU        |     200000 | PA      | $158475.00    | 0.13%             | 2027-04-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ITC Ltd                                              | ITC Ltd                                                                                                                                            | CUSIP: 000000000<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |     258730 | NS      | $1033914.12   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Aboitiz Equity Ventures Inc                          | Aboitiz Equity Ventures Inc                                                                                                                        | CUSIP: 000000000<br>LEI: 254900MDNXYJKHXO0P61 | Long             | EC               | CORP              | PH        |      12080 | NS      | $12544.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                | Sociedad Quimica y Minera de Chile SA                                                                                                              | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |      11303 | NS      | $902431.52    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF ECUADOR                                  | Ecuador Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     810359 | PA      | $370637.95    | 0.31%             | 2035-07-31      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Bancolombia SA                                       | Bancolombia SA                                                                                                                                     | CUSIP: 000000000<br>LEI: 54930052NWJRPNMP1W58 | Long             | EC               | CORP              | CO        |       6976 | NS      | $48129.86     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                   | Ukraine Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     200000 | PA      | $37850.00     | 0.03%             | 2031-05-21      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GF Securities Co Ltd                                 | GF Securities Co Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: 3003007E0Y3ZJ5HNA936 | Long             | EC               | CORP              | CN        |       6400 | NS      | $9161.97      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                              | Romanian Government International Bond                                                                                                             | CUSIP: 77586RAN0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     242000 | PA      | $231533.50    | 0.19%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NTPC Ltd                                             | NTPC Ltd                                                                                                                                           | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | CORP              | IN        |      35418 | NS      | $71378.31     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA, National Association                  | PURCHASED USD / SOLD PEN                                                                                                                           | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-10912.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NBM US HOLDINGS INC                                  | NBM US Holdings Inc                                                                                                                                | CUSIP: 000000000<br>LEI: 5493008K1QMSP0J8UC24 | Long             | DBT              | CORP              | US        |     205000 | PA      | $203308.75    | 0.17%             | 2026-05-14      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                | PURCHASED PHP / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | PH        |          1 | NC      | $57466.01     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Coal India Ltd                                       | Coal India Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: 335800NLJQZNHM9LBB31 | Long             | EC               | CORP              | IN        |      26770 | NS      | $72874.99     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN                             | Empresas Publicas de Medellin ESP                                                                                                                  | CUSIP: 29246BAD0<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |  418000000 | PA      | $64558.07     | 0.05%             | 2027-11-08      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MediaTek Inc                                         | MediaTek Inc                                                                                                                                       | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |      55000 | NS      | $1112041.62   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| TVS Motor Co Ltd                                     | TVS Motor Co Ltd                                                                                                                                   | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EC               | CORP              | IN        |       5692 | NS      | $74513.98     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA REGD REG                                     | ROMANIA REGD REG S                                                                                                                                 | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     120000 | PA      | $114810.00    | 0.09%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Retail Corp PCL                              | Central Retail Corp PCL                                                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |      65300 | NS      | $87198.64     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxaro Resources Ltd                                 | Exxaro Resources Ltd                                                                                                                               | CUSIP: 000000000<br>LEI: 378900BC3D9BFF4E4A37 | Long             | EC               | CORP              | ZA        |      29430 | NS      | $377307.25    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Power Ltd                                      | Adani Power Ltd                                                                                                                                    | CUSIP: 000000000<br>LEI: 33580074T4XKFXBDG813 | Long             | EC               | CORP              | IN        |       3589 | NS      | $12962.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co Ltd                                         | Lotes Co Ltd                                                                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |       3000 | NS      | $80273.84     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                                  | Senegal Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     230000 | PA      | $212350.51    | 0.18%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                  | PURCHASED USD / SOLD IDR                                                                                                                           | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-29744.56    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| QATAR ENERGY TRADING LLC                             | QatarEnergy Trading LLC                                                                                                                            | CUSIP: 74730DAD5<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |     386000 | PA      | $282576.13    | 0.23%             | 2051-07-12      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc        | International Container Terminal Services Inc                                                                                                      | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |       1610 | NS      | $5778.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                   | Ukraine Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     593000 | PA      | $132980.25    | 0.11%             | 2025-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                   | Zambia Government International Bond                                                                                                               | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | US        |     287000 | PA      | $126280.00    | 0.10%             | 2027-07-30      | Fixed         | 8.97%                 | No            |                  2 | On Loan: No      |
| Shanxi Lu'an Environmental Energy Development Co Ltd | Shanxi Lu'an Environmental Energy Development Co Ltd                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      23900 | NS      | $58025.71     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                    | Gabon Government International Bond                                                                                                                | CUSIP: 362420AD3<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     200000 | PA      | $163162.50    | 0.13%             | 2031-02-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Canara Bank                                          | Canara Bank                                                                                                                                        | CUSIP: 000000000<br>LEI: 335800E4RH82Z8XC3C30 | Long             | EC               | CORP              | IN        |      19138 | NS      | $76844.32     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                 | Colombia Government International Bond                                                                                                             | CUSIP: 195325DX0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $111475.00    | 0.09%             | 2061-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Zhen Ding Technology Holding Ltd                     | Zhen Ding Technology Holding Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 549300H7R4K33675UP38 | Long             | EC               | CORP              | KY        |       9000 | NS      | $30614.62     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                 | Paraguay Government International Bond                                                                                                             | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     264000 | PA      | $262977.00    | 0.22%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSJAMAICAN HIGHWAY                                | TransJamaican Highway Ltd                                                                                                                          | CUSIP: 893727AA5<br>LEI: 254900AWJ3QIGYQ04W45 | Long             | DBT              | CORP              | JM        |     152384 | PA      | $121936.06    | 0.10%             | 2036-10-10      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                               | Eskom Holdings SOC Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     200000 | PA      | $181475.00    | 0.15%             | 2025-02-11      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                               | Digicel Group Holdings Ltd                                                                                                                         | CUSIP: 25381YAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      18096 | PA      | $1628.64      | 0.00%             | 2023-01-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                  | Petroleos Mexicanos                                                                                                                                | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     324000 | PA      | $206349.12    | 0.17%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Zeda Ltd/South Africa                                | Zeda Ltd/South Africa                                                                                                                              | CUSIP: 000000000<br>LEI: 3789006134939804E878 | Long             | EC               | CORP              | ZA        |      25240 | NS      | $20232.11     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hygeia Healthcare Holdings Co Ltd                    | Hygeia Healthcare Holdings Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 2549001Z9KHQTRR29237 | Long             | EC               | CORP              | KY        |       2800 | NS      | $19977.32     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Himax Technologies Inc                               | Himax Technologies Inc                                                                                                                             | CUSIP: 43289P106<br>LEI: 529900Z6XWS79D8T1X09 | Long             | EC               | CORP              | KY        |      57456 | NS      | $356801.76    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| COMISION FEDERAL DE ELEC                             | Comision Federal de Electricidad                                                                                                                   | CUSIP: 000000000<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     224400 | PA      | $181764.00    | 0.15%             | 2036-09-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KONDOR FINANCE PLC (NAK)                             | NAK Naftogaz Ukraine via Kondor Finance PLC                                                                                                        | CUSIP: 50050MAB1<br>LEI: 213800PUC1T9GI6EIO63 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $32000.00     | 0.03%             | 2026-11-08      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                               | Eskom Holdings SOC Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     363000 | PA      | $348321.19    | 0.29%             | 2023-08-06      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                | Sri Lanka Government International Bond                                                                                                            | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |     338000 | PA      | $97344.00     | 0.08%             | 2029-03-14      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Eva Airways Corp                                     | Eva Airways Corp                                                                                                                                   | CUSIP: 000000000<br>LEI: 254900S1P4XOXV67GC07 | Long             | EC               | CORP              | TW        |      82000 | NS      | $74779.08     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                               | Egypt Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     302000 | PA      | $246130.00    | 0.20%             | 2029-03-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                   | Panama Government International Bond                                                                                                               | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     850000 | PA      | $547612.50    | 0.45%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                                  | Senegal Government International Bond                                                                                                              | CUSIP: AN6331648<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     400000 | PA      | $328450.00    | 0.27%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                              | El Salvador Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     122000 | PA      | $52826.00     | 0.04%             | 2027-01-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STATE AGE ROADS                                      | State Agency of Roads of Ukraine                                                                                                                   | CUSIP: 857329AA4<br>LEI: 254900FGEO8P5USHG994 | Long             | DBT              | CORP              | UA        |     360000 | PA      | $62392.50     | 0.05%             | 2030-06-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ARIS MINING CORP                                     | Aris Mining Corp                                                                                                                                   | CUSIP: 000000000<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |     200000 | PA      | $156712.52    | 0.13%             | 2026-08-09      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Ambuja Cements Ltd                                   | Ambuja Cements Ltd                                                                                                                                 | CUSIP: 000000000<br>LEI: 335800NT6LQHR1428E20 | Long             | EC               | CORP              | IN        |       3765 | NS      | $23807.90     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Co                                   | Jarir Marketing Co                                                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       1654 | NS      | $66009.76     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Fertiglobe plc                                       | Fertiglobe plc                                                                                                                                     | CUSIP: 000000000<br>LEI: 984500A99D1B4CPBF744 | Long             | EC               | CORP              | AE        |     111500 | NS      | $128163.82    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY                                              | Hungary Government International Bond                                                                                                              | CUSIP: 445545AQ9<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     223000 | PA      | $207710.56    | 0.17%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                             | Saudi Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     310000 | PA      | $275861.25    | 0.23%             | 2047-10-04      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Tosoh Corp                                           | Tosoh Corp                                                                                                                                         | CUSIP: 000000000<br>LEI: 529900YSLFVJF2MDBX02 | Long             | EC               | CORP              | JP        |      45200 | NS      | $537502.01    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Insurance Co Group of China Ltd/The         | People's Insurance Co Group of China Ltd/The                                                                                                       | CUSIP: 000000000<br>LEI: 3003000P2JHYHQ524P66 | Long             | EC               | CORP              | CN        |      99400 | NS      | $74864.64     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co Ltd                          | Baoshan Iron & Steel Co Ltd                                                                                                                        | CUSIP: 000000000<br>LEI: 300300PYAP4PEHORZT21 | Long             | EC               | CORP              | CN        |     601100 | NS      | $484805.00    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Hopson Development Holdings Ltd                      | Hopson Development Holdings Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 549300HYMKPTC1DTZS42 | Long             | EC               | CORP              | BM        |        862 | NS      | $842.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of El Salvador                              | El Salvador Government International Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     294000 | PA      | $127118.25    | 0.10%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Yankuang Energy Group Co Ltd                         | Yankuang Energy Group Co Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 3003005N7A6HYZ4Z0K39 | Long             | EC               | CORP              | CN        |      22000 | NS      | $66916.19     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                  | Ecuador Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     371574 | PA      | $236367.51    | 0.19%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                             | Brazil Notas do Tesouro Nacional Serie F                                                                                                           | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    4270000 | PA      | $723035.61    | 0.60%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                | Indonesia Government International Bond                                                                                                            | CUSIP: 455780CS3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     315000 | PA      | $295371.56    | 0.24%             | 2030-10-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                     | MercadoLibre Inc                                                                                                                                   | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       1398 | NS      | $1183043.52   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                  | PURCHASED BRL / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | BR        |          1 | NC      | $-6105.71     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OIL & GAS HOLDING                                    | Oil and Gas Holding Co BSCC/The                                                                                                                    | CUSIP: 67778M2C3<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |     200000 | PA      | $203287.50    | 0.17%             | 2024-11-07      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Nestle India Ltd                                     | Nestle India Ltd                                                                                                                                   | CUSIP: 000000000<br>LEI: 3358008SYYY9CPWH5D94 | Long             | EC               | CORP              | IN        |        256 | NS      | $60478.11     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                    | Chile Government International Bond                                                                                                                | CUSIP: 168863DS4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     200000 | PA      | $143412.50    | 0.12%             | 2041-05-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                   | Dominican Republic International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     100000 | PA      | $99050.00     | 0.08%             | 2025-01-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fuyao Glass Industry Group Co Ltd                    | Fuyao Glass Industry Group Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |      11600 | NS      | $48435.56     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuala Lumpur Kepong Bhd                              | Kuala Lumpur Kepong Bhd                                                                                                                            | CUSIP: 000000000<br>LEI: 2549009JSTRFMR7A8D34 | Long             | EC               | CORP              | MY        |       1900 | NS      | $9656.62      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hellenic Telecommunications Organization SA          | Hellenic Telecommunications Organization SA                                                                                                        | CUSIP: 000000000<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |       1569 | NS      | $24506.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                             | Republic of South Africa Government International Bond                                                                                             | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     370000 | PA      | $332537.50    | 0.27%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                   | Dominican Republic International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     175000 | PA      | $160267.19    | 0.13%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                      | CPFL Energia SA                                                                                                                                    | CUSIP: 000000000<br>LEI: 529900GBWSBDXN8GGM28 | Long             | EC               | CORP              | BR        |      12700 | NS      | $79816.78     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Hubei Jumpcan Pharmaceutical Co Ltd                  | Hubei Jumpcan Pharmaceutical Co Ltd                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      18200 | NS      | $71546.85     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Polyus PJSC                                          | Polyus PJSC                                                                                                                                        | CUSIP: 73181M117<br>LEI: 549300FUXVT7TF6ZKV71 | Long             | EC               | CORP              | RU        |        284 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KE Holdings Inc                                      | KE Holdings Inc                                                                                                                                    | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |        833 | NS      | $11628.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Halyk Savings Bank of Kazakhstan JSC                 | Halyk Savings Bank of Kazakhstan JSC                                                                                                               | CUSIP: 46627J302<br>LEI: 213800NYDTVQM4SDUD67 | Long             | EC               | CORP              | KZ        |      20420 | NS      | $226662.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMANIA                                              | Romanian Government International Bond                                                                                                             | CUSIP: 77586RAL4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     172000 | PA      | $136396.00    | 0.11%             | 2032-03-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                   | Bahrain Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     244000 | PA      | $241758.25    | 0.20%             | 2029-09-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tata Steel Ltd                                       | Tata Steel Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: 335800E6C75YGSGD5T66 | Long             | EC               | CORP              | IN        |      53025 | NS      | $72444.87     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                            | Alibaba Group Holding Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     204800 | NS      | $2247252.67   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfa SAB de CV                                       | Alfa SAB de CV                                                                                                                                     | CUSIP: 000000000<br>LEI: 549300ZCGJ6T8YDJ4M34 | Long             | EC               | CORP              | MX        |     109300 | NS      | $69720.01     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE OF QATAR                                       | Qatar Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |     239000 | PA      | $238970.13    | 0.20%             | 2048-04-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK LTD                                    | Sharjah Sukuk Ltd                                                                                                                                  | CUSIP: 000000000<br>LEI: 549300VHQQGE2OA0DQ91 | Long             | DBT              | CORP              | KY        |     224000 | PA      | $217952.00    | 0.18%             | 2024-09-17      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                          | Long: IS2G3F0   TRS M1EF000G /LONG/ / Short: IS2G3F0   TRS M1EF000G FEDL01+69BPS /SHORT/                                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |      27842 | OU      | $-97793.48    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY                                              | Hungary Government International Bond                                                                                                              | CUSIP: 445545AP1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     295000 | PA      | $280489.69    | 0.23%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                        | PURCHASED THB / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | TH        |          1 | NC      | $7907.91      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Oil & Retail Business PCL                        | PTT Oil & Retail Business PCL                                                                                                                      | CUSIP: 000000000<br>LEI: 254900E86F1OANU6B371 | Long             | EC               | CORP              | TH        |       1100 | NS      | $749.62       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                    | PURCHASED HUF / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | HU        |          1 | NC      | $159666.86    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                       | NU Holdings Ltd/Cayman Islands                                                                                                                     | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |     318670 | NS      | $1296986.90   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OMAN GOV INTERNTL BOND                               | Oman Government International Bond                                                                                                                 | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     386000 | PA      | $359293.63    | 0.30%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                             | Shimao Group Holdings Ltd                                                                                                                          | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              |  | KY        |     200000 | PA      | $33000.00     | 0.03%             | 2026-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                    | Vedanta Resources Finance II PLC                                                                                                                   | CUSIP: 92243XAD3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     355000 | PA      | $307807.19    | 0.25%             | 2024-01-21      | Fixed         | 13.88%                | No            |                  2 | On Loan: No      |
| SinoPac Financial Holdings Co Ltd                    | SinoPac Financial Holdings Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |        220 | NS      | $119.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                | Indonesia Government International Bond                                                                                                            | CUSIP: 455780AZ9<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     100000 | PA      | $119737.50    | 0.10%             | 2038-01-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Pop Mart International Group Ltd                     | Pop Mart International Group Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 9845000A05E8F937E337 | Long             | EC               | CORP              | KY        |      31600 | NS      | $79539.40     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV       | Grupo Aeroportuario del Centro Norte SAB de CV                                                                                                     | CUSIP: 000000000<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      81929 | NS      | $629902.90    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| China Feihe Ltd                                      | China Feihe Ltd                                                                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      81384 | NS      | $68904.45     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                | Sociedad Quimica y Minera de Chile SA                                                                                                              | CUSIP: 000000000<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |        866 | NS      | $69941.32     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Transmissora Alianca de Energia Eletrica SA          | Transmissora Alianca de Energia Eletrica SA                                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      37000 | NS      | $243504.58    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Poly Developments and Holdings Group Co Ltd          | Poly Developments and Holdings Group Co Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 300300W9OF1ZRGUDVU96 | Long             | EC               | CORP              | CN        |      82200 | NS      | $178954.21    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| X5 Retail Group NV                                   | X5 Retail Group NV                                                                                                                                 | CUSIP: 98387E205<br>LEI: 213800J17UJJJDGUVF56 | Long             | EC               | CORP              | NL        |      23937 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Li Ning Co Ltd                                       | Li Ning Co Ltd                                                                                                                                     | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | KY        |      56000 | NS      | $481544.29    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                   | Ukraine Government International Bond                                                                                                              | CUSIP: 90372UAR5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     284000 | PA      | $53747.00     | 0.04%             | 2031-05-21      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                    | Ghana Government International Bond                                                                                                                | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     266000 | PA      | $91653.63     | 0.08%             | 2051-03-26      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                              | KazMunayGas National Co JSC                                                                                                                        | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     200000 | PA      | $152662.50    | 0.13%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                     | CSN Resources SA                                                                                                                                   | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $157912.50    | 0.13%             | 2031-06-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Lotte Shopping Co Ltd                                | Lotte Shopping Co Ltd                                                                                                                              | CUSIP: 000000000<br>LEI: 9884003SJK2VZLLC4B08 | Long             | EC               | CORP              | KR        |        832 | NS      | $59953.23     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                              | Studio City Finance Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |     200000 | PA      | $153412.50    | 0.13%             | 2028-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                              | Philippine Government International Bond                                                                                                           | CUSIP: 718286CC9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     330000 | PA      | $306936.30    | 0.25%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA REGD REG S EMTN                              | ROMANIA REGD REG S EMTN                                                                                                                            | CUSIP: X7360WCG5<br>LEI: N/A                  | Long             | DBT              | NUSS              | RO        |      82000 | PA      | $76326.63     | 0.06%             | 2034-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CP ALL PCL                                           | CP ALL PCL                                                                                                                                         | CUSIP: 000000000<br>LEI: 894500LSBZLM09TY1A91 | Long             | EC               | CORP              | TH        |      10500 | NS      | $20641.68     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Chongqing Brewery Co Ltd                             | Chongqing Brewery Co Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |        500 | NS      | $9188.76      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Basic Industries Corp                          | Saudi Basic Industries Corp                                                                                                                        | CUSIP: 000000000<br>LEI: 213800ZCTFZZZJSK8645 | Long             | EC               | CORP              | SA        |        832 | NS      | $19902.54     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                | PURCHASED PHP / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | PH        |          1 | NC      | $57763.29     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Long: IS2JN59   CDS US105756BV13 01.000 SP 12/20/2027 MSNYUS33XXX FIXED / Short: IS2JN59   CDS US105756BV13 01.000 SP 12/20/2027 MSNYUS33XXX FLOAT | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     170000 | OU      | $-10924.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                              | Reliance Industries Ltd                                                                                                                            | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |       2300 | NS      | $70604.48     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Ltd                                          | Siemens Ltd                                                                                                                                        | CUSIP: 000000000<br>LEI: 335800HJQJFZ3CJLJ709 | Long             | EC               | CORP              | IN        |        810 | NS      | $27604.14     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek Microelectronics Corp                        | Novatek Microelectronics Corp                                                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      93000 | NS      | $950713.86    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                  | Nigeria Government International Bond                                                                                                              | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     207000 | PA      | $170775.00    | 0.14%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KT&G Corp                                            | KT&G Corp                                                                                                                                          | CUSIP: 000000000<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |        573 | NS      | $41415.03     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| New Oriental Education & Technology Group Inc        | New Oriental Education & Technology Group Inc                                                                                                      | CUSIP: 000000000<br>LEI: 529900NHZVBZQZ8EKN29 | Long             | EC               | CORP              | KY        |      20500 | NS      | $72263.71     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Refrigeration Electrical Engineering Corp            | Refrigeration Electrical Engineering Corp                                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |     123832 | NS      | $375422.09    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ADANI GREEN ENERGY LTD                               | Adani Green Energy Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 335800ZBBU81OH211H17 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $180662.50    | 0.15%             | 2024-09-08      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GNL Quintero SA                                      | GNL Quintero SA                                                                                                                                    | CUSIP: 000000000<br>LEI: 549300JJJIQXE6E1QY27 | Long             | DBT              | CORP              | CL        |     164720 | PA      | $158882.74    | 0.13%             | 2029-07-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA, National Association                  | PURCHASED IDR / SOLD USD                                                                                                                           | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | ID        |          1 | NC      | $18818.08     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Walsin Lihwa Corp                                    | Walsin Lihwa Corp                                                                                                                                  | CUSIP: 000000000<br>LEI: 254900SKYY99YINZ3U83 | Long             | EC               | CORP              | TW        |       4000 | NS      | $6137.53      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-02

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

**Signature:** Joseph Mantineo

**Name of Signer:** Joseph Mantineo

**Title:** Treasurer and Chief Financial Officer